Written Best for
- Travelers
- Small Business Owners
- Foreign Travel
- Rewards Points Enthusiasts
Considerations
- Interest Rates
- Annual Fee
- Benefits (Travel Insurance, Purchase Protection, etc.)
- Security Features (Fraud Protection, EMV Chip, etc.)
Pros
- 100,000 points initial rewards bonus
- No foreign fee
- Earns up to 3 points per dollar or purchases
- No blackout dates
- Many redemption categories
Cons
- Includes an annual fee
- Not all point transfers are instant
- 50+ Credit Cards Ranked
- 2000 Data Points Collected
- 10 Levels of Rank Checking
- 25+ Categories Considered
At MyCreditCardLab, we value your trust above all else. We earn it with careful, fair analysis. We are fully transparent. We stick to strict editorial standards and independence. Your confidence in our content is our top priority.
See our full methodologyIn This Review
Review: Ink Business Preferred® Credit Card
Get in-depth credit card reviews covering features, benefits, fees, and rewards. Make informed decisions and find the perfect card for your financial goals.
For more information see our credit card score explanation here.At Lootrs, we put each card to the score.
We score Ink Business Preferred® Credit Card 10 different factors that impact the benefits and rewards of the cards. scoring categories include:
| Credit Cards Review | Rating |
|---|---|
| Intro APR | Fair |
| Regular APR | Very Good |
| Annual Fee | Very Good |
| Welcome Bonus | Very Good |
| Rewards | Very Good |
| Benefits | Very Good |
| Recommended Credit Score | Very Good |
| Foreign Transaction Fee | Exceptional |
| Cash Advance Fee | Very Good |
| Balance Transfer Fee | Good |
Who can apply for Ink Business Preferred® Credit Card?
We have categorized Ink Business Preferred® Credit Card 4 main useful user criteria. it's applied using the Lootrs methodology.
How is Ink Business Preferred® Credit Card Different?
The Chase Ink Preferred foreign transaction fee is $0. You won’t be charged extra. This will happen if you use the Ink Business Preferred® Credit Card outside the United States. This applies whether it’s a purchase at a store in a foreign country. It also applies to an online transaction with a merchant based abroad.
Ink Business Preferred® Credit Card Annual Fee
Card type: Business Credit Cards
Issuer Name: Chase
$95 annual fee
The card’s $95 annual fee is on the high side of a business rewards card. The perks and rewards, however, more than makeup for this fee. If you are eyeing the card’s monster-sized sign-up bonus, the annual fee is especially worth it. Other cards on the market have big welcome bonuses. This includes the Chase Sapphire Reserve. But, they come with much higher annual fees.
Welcome Bonus
The best business credit cards have a great points welcome bonus. The Ink Business Preferred® Credit Card certainly has one. The card offers a huge 100,000-point welcome bonus. You get it after spending $8,000 on purchases in the first three months from account opening.
APRs: Ink Business Preferred® Credit Card
Explore credit card APRs to understand borrowing costs. Learn how APRs vary for purchases, balance transfers, and cash advances. This is crucial for informed financial choices.
The table below shows the types of each APR brief description for the Ink Business Preferred® Credit Card.
| Type of APR | Rating |
|---|---|
| Intro APR - No any intro offer of this card | 7/10Fair |
| Regular APR - 21.24% - 26.24% Variable APR | 9/10Very Good |
| Purchase - 21.24% - 26.24% Variable APR | 8.8/10Very Good |
| Balance transfer - 21.24% - 26.24% variable, plus a fee of either $5 or 5% of the amount of each transfer, whichever is greater | 7.9/10Good |
| Cash advance - 29.99% variable, plus a fee of either $15 or 5% of the amount of each transaction, whichever is greater | 8.6/10Very Good |
| Penalty - Up to 29.99% | 9.1/10Very Good |
Ink Business Preferred® Credit Card Benefits
Certainly! Here's a table. It shows the benefits of the Ink Business Preferred® Credit credit card:
| Benefits | Score |
|---|---|
| No additional cost for employee cards You can multiply your points balance. Do this by adding your employees as authorized users on the card. Know this: the main cardholder or business is responsible for all purchases on them. |
8.8/10Very Good |
| Car rental collision damage waiver This is coverage for business car rentals. You won’t have to use your insurance first. |
9.2/10Very Good |
| Travel and emergency assistance services It includes medical and legal referrals. They help if you run into trouble while traveling. The cardholder will pay for any extra service costs. |
9.2/10Very Good |
| Cellphone protection The primary cardholder and any authorized employee cardholders get cellphone protection. It covers them if they pay their cellular bills with the card. It covers up to $600 per claim (and up to $1,800 per 12 months) with a $100 deductible. They can make up to three claims per year. |
9.5/10Excellent |
| Purchase protection New purchases are covered for 120 days against damage or theft for up to $10,000 per claim and $50,000 per account. |
9/10Very Good |
Ink Business Preferred® Credit Card Rewards
Ink Business Preferred® Credit Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including:
- You earn 3 points per $1 on the first $150,000 spent. This is for travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- 1X points on all other purchases
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Member FDIC
Transfers to airline and hotel programs
You have the flexibility of transferring points on a 1:1 basis to a dozen popular airline and hotel loyalty programs. Depending on which partner you choose and how you redeem those points, transferring may offer outsized value. Partners include:
- Aer Lingus AerClub.
- Air France/KLM Flying Blue.
- British Airways Executive Club.
- Emirates Skywards.
- Iberia Plus.
- JetBlue TrueBlue.
- Singapore Airlines KrisFlyer.
- Southwest Airlines Rapid Rewards.
- United MileagePlus.
- Virgin Atlantic Flying Club.
- IHG Rewards Club.
- Marriott Bonvoy.
- World of Hyatt.
Ink Business Preferred® Card Rewards Potential
| Category | Spending Amount | Points per $1 | Points Earned |
| Travel | $20,000 | 3X | 60,000 points |
| Shipping/Advertising | $25,000 | 3X | 75,000 points |
| Internet/Cable/Phone | $18,000 | 3X | 54,000 points |
| Other | $40,000 | 1X | 40,000 points |
| TOTAL | $103,000 | 229,000 points |
A cardholder earns 229,000 Ultimate Rewards points annually. They can redeem their earnings for $2,290 in cash back. Or, they can use the points to book travel through Chase at a value of $2,862. You can transfer points to one of Chase’s travel partners. Then, book award travel directly with the airline or hotel. This may also give you more value.
Late Payment Fee $40
Return Payment Fee $40
Recommended Credit Score
Credit Score : 690 - 850 (Fair - Exceptional)
We evaluate credit card options based on FICO credit scores. We ensure tailored recommendations that match your financial profile.
For more information see our FICO Recommended credit score Rating explanation here.For those interested in the Ink Business Preferred® Credit Card, a credit score within the 690 (Fair) to 850 (Exceptional) range is advised. This ensures eligibility for tailored benefits and rewards aligned with your credit profile. Apply now to unlock exclusive perks and elevate your credit card experience with us.
Compare The Ink Business Preferred® Credit Card vs. Other Popular Cards
Compare credit cards effortlessly to find the ideal match for your financial goals. Explore features, rewards, fees, and more to make informed decisions and maximize your benefits. You might want cash back, travel rewards, or low APR. Our tool makes it easy. It lets you compare many cards at once.
You have comprehensive information at your fingertips. You can select the card that best fits your spending and preferences. Take control of your finances. Find the perfect credit card for your needs with our easy comparison platform.
Ink Business Preferred® Credit Card
|
Citi® Diamond Preferred® Card
|
Capital One VentureOne Rewards Card
|
|---|---|---|
| 8.8MyCreditCardLab Score |
8.1MyCreditCardLab Score MyCreditCardLab Score 8.1We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
9.3MyCreditCardLab Score MyCreditCardLab Score 9.3We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
| ANNUAL FEE | ||
| $95 | $0 | $0 |
| INTRO APR | ||
| N/A | 0% for 12 months from account opening date | 0% on Purchases and Balance Transfers for first 15 months |
| REGULAR APR | ||
| 21.24% - 26.24% Variable APR | 18.24%-28.99% Variable | 19.99% - 29.99% Variable APR |
| WELCOME BONUS | ||
| 100,000 bonus points after spending $8,000 on purchases in the first three months from account opening | This card does not offer a welcome bonus | 20,000 Miles once you spend $500 on purchases within 3 months from account opening |
| REWARDS | ||
| 3X points on the first $150,000 spent on travel and select business categories each account anniversary year | There is no ongoing rewards program, which limits its long-term value. | 5X miles on hotels and rental cars |
| BENEFITS | ||
| Small business, Travel | Balance Transfers and Purchases | Traveler |
| CASH ADVANCE FEE / APR | ||
| 5% (min $15) / 29.99% | 5% (min $10) / Up to 29.99% | 5% (min $5) / 29.99% |
| BALANCE TRANSFER FEE | ||
| Either $5 or 5% of the amount of each transfer, whichever is greater. | Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. | 3% for the first 15 months, after 4% of the amount of each transfer |
| RECOMMENDED CREDIT SCORE | ||
| 690 - 850 (Fair - Exceptional) | 690 - 850 (Fair - Exceptional) | 690 - 850 (Fair - Exceptional) |
| FOREIGN TRANSACTION FEE | ||
| $0 | 3% | $0 |
| BEST FOR | ||
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| More Details Compare | More Details Compare |
Chase Ink Comparison
| Ink Business Cash® | Ink Business Unlimited® | Ink Business Preferred® | |
| Rewards | Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year | Earn unlimited 1.5% cash back on all purchases | You get 3X on travel, shipping, internet, cable, and phone services. You also get 3X on advertising purchases made with social media sites and search engines. This applies to the first $150,000 in combined purchases each account anniversary. |
| Intro APR | 12 months on purchases | 12 months on purchases | N/A |
| Add. cards | Free | Free | Free |
| Annual fee | $0 | $0 | $95 |
Chase Visa Login
Follow these easy steps:
Step 1. Go to the Login Chase Visa page via the official link.
Step 2. Log in using your username and password. The login screen appears upon successful login.
Step 3. If you still can’t access Chase Visa Login then see forgot your username and password option.
Frequently Asked Questions (FAQs)
Still have questions? Check out some of the top FAQs on the Ink Business Preferred® Credit credit card below and get the answers you're looking for.
It's best thought of as a travel rewards card for small businesses. It's also for entrepreneurs. You can redeem the points you earn with this card for statement credit. But, they're worth 25% more when you use them to book travel through Chase.
You can transfer points to airline and hotel partners. And the bonus categories on the card include 3 points per dollar spent on travel.
Yes, Chase will review your personal credit profile. They will do this to decide if you qualify for the Chase Ink Business Preferred card.
The Chase 5/24 rule says you will not get a Chase credit card if you opened five or more credit cards in the past 24 months. The rule is set to discourage customers. They should not open credit cards just for the welcome bonus. Then, they close the cards after a few months or a year.
You must own a business to qualify for a Chase Ink business card. You'll be asked for your business tax identification number when you apply. However, you can use your Social Security number as your tax ID. For instance, if you're a freelancer or sole proprietor.
