Whether your credit card’s annual fee is $1 or $1,000, you should evaluate that fee each time you pay it to see if you can justify the cost for next year.
The Ink . Business Preferred Credit Card there’s a low $95 annual fee, but is it worth it? Keeping this card in your wallet every year isn’t free, so what do you get with the $95 you pay annually?
Take a look at the perks and benefits offered by Ink Business Preferred card to see if the annual fee is worth it for the second year and beyond.
welcome bonus
New candidate for Prioritize printing ink business can earn 100,000 bonus Final bonus points after spending $15,000 on a purchase within three months of account opening. TPG . value Ultimate Rewards points at 2 cents each, making this reward $2,000.
Related: How to meet the minimum spending for Ink Business Preferred
You’ll notice that Chase says the bonus is worth $1,000 cash or $1,250 in travel when points are redeemed within Chase Travel Portal. The latter allows you to use your points like cash at 1.25 cents per person to book travel when you have Ink Business Preferred (same rate is available when using points from Chase Sapphire Priority Card but am afraid the value of 1.5 cents per point is available when redeeming this gift with Chase Sapphire Reserve. Sapphire Preferred also allows you to redeem points for 1 cent per point as statement credit.
Related: Opinion: Can I cash out my points, and is it worth it?
However, you can get much better value out of your points than 1.25 cents per point. use Chase’s Hotel and Air Transport Partner allows the use of your points for hotel stays and flights. You can get more value here.
Related: How to redeem Chase Ultimate Rewards points for maximum value
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mobile phone protection
If you pay your monthly wireless bill with your Ink Business Preferred card, you can enjoy the ability to protect your phone from theft or damage. This applies to you and to any employees listed on the wireless bill.
With this benefit, phones linked to a wireless account are covered for up to $1,000 per claim. Each claim is subject to a $100 deductible, with up to three claims in a 12-month period.
Related: How to submit a mobile phone insurance claim for Ink Business Preferred
Protect shopping and travel
Ink Business Preferred offers two types of purchase protection: purchase protection and extended warranty protection.
Purchase protection covers new purchases for up to 120 days against damage or theft. This benefit can cover the cost of repairing or replacing your item and has a per-claim limit of $10,000 and a per-account limit of $50,000. However, there are exclusions, such as animals, live plants, and motor vehicles.
Related: Your Guide to the Chase Ink Business Credit Card
Extended warranty protection adds an extra year to manufacturer warranties of three years or less. This benefit has a maximum of $10,000 per claim and $50,000 per account. Warranty must be issued in the United States to be eligible.
When traveling, you can take advantage of the benefits of roadside dispatch for pay-per-use help when needed. This can help solve cases of locking the car, running out of battery or flat tyres, for example.
When renting a car, you can opt out of the rental company’s collision insurance and get collision damage waiver coverage if you pay the full cost of the rental with Ink Business Preferred. This benefit can cover the cost of repairing or replacing your rental vehicle. This is prime coverage when renting for business purposes, when renting outside your country of residence, or when you don’t have your own auto insurance. Coverage applies when your rental period is 31 days or less and may cover any towing costs you may incur, but does not cover certain types of vehicles.
Related: 5 reasons to get the Chase Ink . Business Preferred Credit Card
Plus, you can get reimbursed up to $5,000 per person and $10,000 per trip through trip cancellation and interruption insurance. This benefit covers trips that are canceled or cut short due to inclement weather and illness, and will reimburse your prepaid, non-refundable travel expenses. You can also be reimbursed for up to $500 in expenses when your trip is delayed for 12 hours or more, thanks to delay insurance.
You can see the full details of these benefits in benefit guide to learn about limitations and exclusions. For more information, see our full page Ink Business Preferred card review.
other perks
When you use Ink Business Preferred card, you will earn Chase the ultimate rewardwhich TPG . value for 2 cents per person. You can pass these points on to 14 different airline and hotel partners. You can also redeem your points to travel across Chase Ultimate Rewards Travel Portal with a value of 1.25 cents to pay for the ride using your points like cash.
You’ll earn 3 points for every dollar on your first $150,000 purchase on each account anniversary date across these categories: travel, transportation purchases, internet service, cable service, electrical service call and purchase advertising with social media sites and search engines. You’ll earn 1 point per dollar on these purchases once you pass the $150,000 spending limit and 1 point per dollar on all other purchases.
Related: Purchases qualify for three points with Ink Business Preferred
If your business has significant spending in these categories, it could bring in 450,000 points annually after maxing out the $150,000 limit. TPG . value these points at $9,000.
Related: How to Maximize Your Rewards Income with Ink Business Preferred
You should evaluate these monetization categories to see how well they work for your business. You should also consider how well these categories work for you while keeping a personal credit card to earn Ultimate Rewards points, such as a Personal Credit Card. Chase Sapphire Reserve.
Related: Credit card showdown: Chase Sapphire Reserve vs Ink Business Preferred
not like other Business credit card from Chaseyou have direct access to Chase’s Transfer Partner when you have an Ink Business Preferred card. Those who have a free annual card like Ink business cash credit card (as well as personal credit cards like Unlimited pursuit of freedom) doesn’t have access to Chase’s transfer partners and requires a premium card like Prioritize printing ink business or personal card like Sapphire Reserve or Chase Sapphire Priority Card to redeem points this way. Therefore, it is not only the number of points you can earn but also the redemption options that you should consider.
Hold the earned Chase card Final reward Points and annual fees are required for the widest selection of how you can use your points — and this card meets this requirement.
bottom line
With a $95 annual fee for the Ink Business Preferred, you’ll have access to shopping and travel protections, cell phone coverage, and bonus categories that make sense for many businesses . You’ll also be able to transfer your points to more than a dozen hotel and airline partners, enabling superior redemption values when traveling with rewards.
However, if you already have a card that allows these transfers and the bonus category isn’t right for your business, the annual fee for Ink Business Preferred may not be worth it — no matter the cost. how much.
Official App Link: Earn 100,000 Points Ultimate Rewards after spending $15,000 on purchases within three months of opening an account with Ink . Business Preferred Credit Card.
