Ink Business Preferred® Credit Card

Quick Snapshot

• Annual Fee: $95
• APR: 21.24%-26.24% variable
• Rewards: 3X on first $150K in travel, shipping, internet, phone, and advertising; 1X on everything else
• Bonus: 100,000 bonus points after $8,000 in purchases in the first 3 months
• Best For: Business owners who spend heavily on travel, advertising, shipping, and internet services
• Credit Needed: Good to Excellent (670+)

Overview

The Ink Business Preferred Credit Card is the premium card in Chase's Ink business lineup and one of the strongest business rewards cards on the market. It earns 3X Ultimate Rewards points per dollar on the first $150,000 in combined purchases each account anniversary year in categories that align perfectly with common business expenses: travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines. Everything else earns 1X.

The 100,000-point sign-up bonus is among the most generous in the business card space, worth at least $1,000 in cash back or $1,250 when redeemed through Chase Travel. Because it earns Ultimate Rewards points, the card unlocks the ability to transfer points at a 1:1 ratio to airline and hotel partners like United, Hyatt, Southwest, and Marriott, which can yield even higher values for savvy travelers.

The $95 annual fee is modest for the earning power and benefits included. Cell phone protection covers up to $600 per claim when you pay your monthly bill with the card, and purchase protection and extended warranty add further value. For business owners who pair it with the Ink Business Unlimited or Ink Business Cash, this card becomes the hub for maximizing the entire Ultimate Rewards ecosystem.

APR Breakdown

• Purchase APR: 21.24%-26.24% variable
• Balance Transfer APR: N/A
• Cash Advance APR: 29.99% variable
• Penalty APR: Up to 29.99% variable

Note: Your APR will vary with the market based on the Prime Rate. There is no introductory APR offer on this card.

Benefits Overview

Ultimate Rewards Earning

• 3X points on first $150,000 in combined travel, shipping, internet, cable, phone, and advertising each year
• 1X points on all other purchases with no limit
• Points transfer 1:1 to 14+ airline and hotel partners
• Points worth 25% more when redeemed through Chase Travel
• Combine points from other Ink and Sapphire cards for maximum value

Cell Phone Protection

• Up to $600 per claim for damage or theft when you pay your monthly phone bill with the card
• $100 deductible per claim
• Covers you and employees listed on your phone bill
• Up to 3 claims per 12-month period

Travel and Purchase Protections

• Trip cancellation and interruption insurance up to $5,000 per person
• Trip delay reimbursement for expenses over 12 hours
• Purchase protection against damage or theft for 120 days
• Extended warranty adding one extra year on eligible manufacturer warranties
• Auto rental collision damage waiver for business rentals

Rewards & Points

• 3X on travel, shipping, internet, cable, phone services, and advertising (first $150K/year)
• 1X on all other purchases

Ultimate Rewards points can be redeemed for cash back at 1 cent per point, for travel through the Chase portal at 1.25 cents per point, or transferred to partners like United, Hyatt, Southwest, British Airways, and more at a 1:1 ratio. Transfer partners often yield 1.5 to 2+ cents per point in value.

Welcome Bonus

Earn 100,000 bonus Ultimate Rewards points after spending $8,000 on purchases in the first 3 months from account opening. That is worth $1,000 as cash back, $1,250 through Chase Travel, or potentially $1,500 or more when transferred to airline and hotel partners for premium redemptions.

Fees Summary

• Annual Fee: $95
• Balance Transfer Fee: N/A (balance transfers not available)
• Cash Advance Fee: Either $15 or 5% of the amount, whichever is greater
• Foreign Transaction Fee: $0
• Late Payment Fee: Up to $40
• Returned Payment Fee: Up to $40
• Employee Card Fee: $0

Who This Card Is Best For

Ideal For

• Digital advertisers who spend on Google Ads, Facebook Ads, and other social media advertising
• E-commerce businesses with significant shipping costs through UPS, FedEx, or USPS
• Frequent business travelers who want Ultimate Rewards transfer partners for premium flights
• Business owners with multiple Ink cards who consolidate points for maximum redemption value

Not Good For

• Low-spending businesses that cannot meet the $8,000 spending requirement for the bonus
• Cash flow managers who need a 0% intro APR to finance purchases
• Simple cash back seekers who do not want to manage point transfers or travel redemptions

Key Pros & Cons

Pros

• 100,000-point sign-up bonus worth $1,000 to $1,500+
• 3X earning rate on five high-spend business categories
• High $150,000 annual cap on bonus category spending
• 1:1 point transfers to 14+ airline and hotel partners
• No foreign transaction fees for international business expenses
• Cell phone protection up to $600 per claim
• Points worth 25% more when redeemed through Chase Travel
• $95 annual fee is modest relative to earning potential
• Free employee cards that also earn points
• Trip cancellation, delay, and purchase protections included

Cons

• $8,000 spending requirement for the welcome bonus is high for small businesses
• No 0% introductory APR offer on purchases or balance transfers
• Ongoing APR of 21.24%-26.24% is not competitive for carrying balances
• Bonus categories drop to 1X after $150,000 in annual combined spending
• No specific dining or gas bonus categories
• Cell phone protection has a $100 deductible per claim
• Balance transfers are not available on this card
• Requires good to excellent credit to qualify

Alternatives to Consider

How the Rewards Add Up

Example Annual Value

Annual estimated value: $2,550 at 1.25 cents per point through Chase Travel, plus the 100,000-point bonus worth $1,250 in the first year. Transfer to partners like Hyatt can push value significantly higher.

Should You Get This Card?

You Should Get It If...

• Your business spends heavily on digital advertising, shipping, or internet services
• You want access to Chase Ultimate Rewards transfer partners for premium travel
• You can comfortably spend $8,000 in three months for the sign-up bonus
• You travel internationally for business and want no foreign transaction fees
• You plan to pair this card with other Ink or Sapphire cards
• You value cell phone protection as a built-in benefit
• You prefer points flexibility over simple cash back

You Should Skip It If...

• Your business spending does not align with the 3X bonus categories
• You need a 0% intro APR to manage cash flow or finance purchases
• You prefer straightforward cash back and do not want to optimize point transfers
• Your business spending is under $20,000 per year, making the $95 fee harder to justify
• You want a personal card rather than a business-only product

Apply Now

Apply for Ink Business Preferred® Credit Card

Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.