The Ink . Business Preferred Credit Card quickly becoming one of the most popular small business credit card after it Released in 2016.
The $95 annual fee is a bargain, especially when you compare it to American Express® Business Gold Cardcosts $295 annually (see rates and fees), And Business Platinum® Card from American Expresshas an annual fee of $695 (see rates and fees).
But here are five other top reasons why Chase Ink Business Preferred Card might be worth it.
Impressive sign-up bonus
With Ink Business Preferred, you will get 100,000 Chase the ultimate bonus points after you spend $15,000 in the first three months. The ultimate bonus is one of the most valuable currencies around. $2,000 bonus, according to TPG . Most Recent Valuation.
While $15,000 is certainly a high threshold to reach as an individual, many small businesses can easily reach that level of reward. At the end of the day, you know your spending patterns better than anyone and can gauge if the subscription spend claim is achievable.
That’s 100,000 Chase the ultimate bonus points can be used on a lot of great redemption. For example, you can transfer points to Virgin Atlantic Flying Club for booking Delta One Business Class Suite to Europe round-trip for yourself and beyond. The sky is the limit with this bonus.
Related: The best way to use 100,000 Chase Ultimate Rewards points
Useful bonus categories for small businesses
Not only are Chase Ultimate Rewards points one of the most valuable currencies available, but they’re easy to accumulate thanks to the wide range of bonuses available with the Ink Business Preferred.
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You’ll earn 3 points for every dollar on your first $150,000 in combined purchases you make on each account anniversary in the following categories:
- Tourism.
- Shipping in progress.
- Internet, cable TV and telephone services.
- Advertise on search engines and social networking sites.
All other purchases earn 1 point per dollar.
Maximizing your bonus earning potential can earn you up to 450,000 Chase Ultimate Rewards points annually.
Great acquisition potential
This is another area where the Ink Business Preferred really shines. Chase Ultimate Rewards transfers points to 11 frequent flyer programs:
When you factor in alliance partners, this gives you a ton of airline options. For example, British Airways Avios allows you to access flights from Oneworld alliance members such as American Airlines, Finnair and Japan Airlines.
Additionally, your points transfer to three hospitality programs:
Transfer points to all partners at a ratio of 1:1 and most transactions are instant.
You can also exchange your points for 1.25 coins per point (or 1.5 coins per point if you also have Chase Sapphire Reserve and combine your points with that account) through Chase Ultimate Rewards Travel Portal. In addition, you will accrue frequent flyer miles on any flight bookings made through Chase as they are considered paid tickets.
Protect your cell phone, travel and purchases
How many times have you dropped, damaged or misplaced your mobile phone?
Ink Business Preferred is one of many Credit cards provide mobile protection to help you in this situation. You and your employee listed on your phone bill are covered for up to $1,000 in the event of theft or damage per claim, provided the phone number is listed on the bill. your monthly bill and you pay your bill with your card.
There is a limit of three claims in a 12-month period, with a $100 deductible per claim.
Ink Business Preferred also offers many travel benefits for road warriors:
- Primary car rental insurance: If you decline the collision damage waiver at the rental company counter and pay your rent with your Ink Business Preferred card, you are covered for physical damage and theft, towing and loss of use charge up to the full value of the vehicle . This is primary insurance, which means you don’t need to file a claim with your individual insurance company. Liability (damage to another person or vehicle) is not covered. Rentals must be for business purposes in the United States, although personal rentals are covered for international trips.
- flight late And Cancellation of insurance: If your trip is canceled due to a covered condition (such as illness or inclement weather), you may be entitled to up to $5,000 per person ($10,000 per trip) for upfront expenses such as: plane ticket or hotel. If your flight is delayed for 12 hours or more, you can get a refund of up to $500 for hotel rooms, meals and transportation (airline documentation is required to verify flight delay) ). In either case, you must pay with your card and keep the receipt.
- Refund of lost baggage: When fare is charged to the card, each traveler is insured up to $3,000 for the loss of checked or carry-on baggage. Charges for items such as jewelry, watches, cameras, and electronics are capped at $500 per person.
- Luggage delay insurance: If your luggage is delayed by more than six hours, this benefit offers up to $100 per day for five days to buy essential items.
- Travel accident insurance: You and your companions are insured up to $500,000 for accidental death or loss of parts while traveling in a conventional vehicle.
- purchase protection: If you purchase a stolen or damaged item within 120 days, you’ll be covered for up to $10,000 per claim, with a $50,000 per account limit. At least some part of the purchase price must be charged to the card. This benefit can be extremely important for small business owners buying office furniture or electronic equipment.
Total your points with other Chase credit cards
Chase has several products that are essentially cash-back cards: Chase Freedom (no longer open to new subscribers), Unlimited pursuit of freedom, Chasing Freedom Flex, Ink Business Unlimited Credit Card And Ink business cash credit card.
However, those cards also earn points that can be converted into Ultimate Rewards points, as long as you have a card that earns Ultimate Rewards points, such as the Ink Business Preferred Credit Card. Having the Ink Business Preferred allows you enhance the value of other Chase cards in your wallet.
Related: Which Chase card should I use to pool my Ultimate Rewards points?
Information about Chase Freedom has been obtained independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Additional benefits to consider
Along with the perks outlined above, Ink Business Preferred offers other important benefits:
- Employee card at no extra cost.
- No foreign transaction fees for purchases made outside of the US
- Zero Liability Protection (you won’t be held responsible for unauthorized charges).
- Fight fraud with real-time account monitoring.
- Extended warranty protection (an extra year for US manufacturer qualified warranties of three years or less).
bottom line
For small business cards, the Ink Business Preferred Credit Card offers an almost unbeatable combination: strong sign-up rewards, generous opportunities to earn points, ability to transfer points to 14 partners tourism and comprehensive collection of tourism protections.
If you are considering purchasing the Ink Business Preferred, keep in mind that it belongs to Chase’s 5/24 Rule. That means if you’ve opened five or more credit card accounts in the last two years, you’re likely to be rejected regardless of your creditworthiness. To increase your chances of being accepted, make sure you apply for this card (and other Chase credit cards) before cards from other issuers.
For more information, read full review of our Ink Business Preferred card.
Register here: Prioritize printing ink business
For Amex Business Platinum rates and fees, click This.
For Amex Business Gold rates and fees, click This.
Additional reporting by Ryan Wilcox, Madison Blancaflor and Christina Ly.
