Guide to the benefits of the Chase Ink Business Preferred Credit Card

Learn more: Our picks for the best business credit cards.

What follows are some of the top Chase Ink Business Preferred benefits that current cardholders should know about.

Potential to earn rewards

One of the main benefits you can maximize with Ink Business Preferred is earning Chase Ultimate Rewards points on purchases. You’ll earn 3x points per $1 (up to $150,000 combined) spent on shipping, internet, cable, phone and social media and search engine advertising purchases. You’ll earn 1x points per $1 spent on all other purchases. And, through March 31, 2025, you’ll earn 5 points per $1 in Lyft rides.

The Chase Ink Business Preferred is an excellent choice for a small business with significant annual purchases in these categories. If your spending falls into other categories, you may prefer another card with a rewards program more tailored to the way your business spends.

If you open a favorite ink business, you can earn 120k bonus points after spending $8,000 on purchases in the first 3 months of account opening. That’s $1,200 cash back or $1,500 toward travel when purchased through Chase Travel℠. Assuming you can meet that threshold, 100,000 points is a windfall reward that you can redeem for your business travel needs or even straight-up cash back.

Travel benefits

Chase Ink Business Preferred is ideal for businesses that require you to travel frequently for work. Ultimate Rewards is a coveted, flexible rewards currency that you can transfer to airline and hotel partners or redeem for bookings through Chase Travel.

Plus, thanks to Ink Business Preferred’s robust list of protections, you’ll enjoy plenty of travel coverage should something happen while you’re on the road.

Transfer partners and travel portal payments

While points are usually worth 1 cent each in cash, you can get them 25% more when you shop for travel through Chase Travel℠. You can also transfer your points to more than a dozen airline and hotel loyalty programs at a 1:1 ratio. For those willing to spend some time searching for award travel deals, this is often a good way to maximize the value of your rewards.

Plus, booking directly with the airline or hotel allows you to use any status benefits you have with that program, while booking through the Chase portal usually doesn’t.

You can transfer your points to the following airlines and hotels:

• Aer Lingus AirClub
• Air Canada Airplane
• British Airways Executive Club
• Emirates Skywards®
• Flying Blue AIR FRANCE KLM
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines® Express Rewards
• United MileagePlus®
• Virgin Atlantic Flying Club
• IHG® One Rewards Club
• Marriott Bonvoy®
• The World of Hyatt

There are no foreign transaction fees

The card doesn’t charge foreign transaction fees, so you can use it when business takes you abroad without worrying about an extra charge being added to each purchase.

Travel coverage

Chase Ink Business Preferred offers valuable travel protection.

For starters, you can rest easy knowing that trips you’ve booked with the card come with Trip Cancellation and Trip Interruption Insurance—which covers up to $5,000 per person and $10,000 per trip if canceled or interrupted due to illness, weather severe, and other covered situations. Covered expenses include non-refundable flights, tours and hotels.

You may also enjoy a rental car primary damage waiver, which protects you in the event of a theft or collision when you rent a car for business.

Business benefits

A solid business credit card should offer benefits that make accounting more efficient and protection for purchases made using the card. The Ink Business Preferred fits that bill.

Here are some of the benefits you can enjoy as a small business owner.

Build business credit

Business and personal credit are separate, so having a business credit card can be a piece of the puzzle when looking to build a positive credit history. (Although having a business card alone isn’t enough; you’ll want to have established your business as a separate entity, obtained an employer identification number from the IRS, and registered for a Dun & Bradstreet number).

In the future, if you need a loan, having a good business credit score can be helpful.

Learn more: What business credit cards do Dun & Bradstreet report?

Even if you don’t have employees and are a freelancer, you’ll appreciate the ability to split business and personal expenses. When it comes time to file your taxes, keeping things separate makes accurate reporting much easier.

Accounting tools

Chase Ink provides useful insights for your business, including quarterly reports to help you manage your finances more effectively. You can also integrate the card with accounting software, making it easier than ever to record your expenses.

Free employee cards

You can get employee cards at no extra cost so you can earn points for employee spending as well as your own spending. You can also set individual spending limits on these cards to help protect against purchases you haven’t authorized your employees to make.

Purchase protection

If you pay a monthly mobile phone bill for yourself or your employees using your card, you’re covered up to $1,000 per claim against theft or damage. You can make a maximum of three claims in 12 months and are subject to a $100 rebate per claim.

Additionally, the Chase Ink Business Preferred covers new purchases for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account. For purchases that come with an eligible US manufacturer’s warranty, your card extends the manufacturer’s warranty by an additional year for warranties of three years or less.

Takeaway

Chase Ink Business Preferred comes packed with benefits for a modest $95 annual fee. To maximize the benefits of the card, you must ensure that your spending matches the bonus earning categories and that you can meet the spending requirements to earn the welcome offer.

If you have one of the Chase Sapphire personal credit cards (Chase Sapphire Preferred® and Chase Sapphire Reserve®), you’re already familiar with Chase’s popular Ultimate Rewards program. As such, you’ll be able to take advantage of the increased value of using points to book through the Chase Travel portal and the ability to transfer points to partners.

In short, if you’re looking for a business travel card that offers practical business benefits at an affordable cost, the Ink Business Preferred is an attractive option. But if you don’t travel for work, these benefits may not offer much use — and you’re likely better off with another card better suited to your needs. Consider Ink Business Unlimited then, with its $0 annual fee and unlimited flat-rate rewards on all spend.

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Please note that card details are correct as of the date of publication but may change at any time at the discretion of the issuer. Please contact your card issuer to verify fees, charges and benefits before applying.