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Apply online for Ink Business Preferred℠ Credit Card
About Our Ratings
Credit Needed
Excellent

Ink Business Preferred℠ Credit Card Review

Pros & Cons

  • A 2017 CardRatings Editor's Choice Award winner, this new card offers plenty of bang for a modest annual fee, including cell phone insurance for the primary phone number as well as employee phones on the same account.
  • Three percent cash back is available in select business categories ranging from the traditional – travel and shipping – to the more unique – advertising with social media and search engine sites (up to $150,000 spent annually).
  • Redeem points for travel through Chase Ultimate Rewards® and they're worth 25 percent more.
  • If the bonus cash-back categories don't really fit your business needs, or you spend above the $150k threshold annually, you may want to look elsewhere for maximum cash back.

Top Features

Points or Miles
Earn 3 points per $1 in select business categories
Bonus Miles or Points
Earn 80,000 bonus points
after you spend $5,000 on purchases in the first 3 months from account opening.
Purchase APR
16.49% - 21.49% Variable
Annual Fee
$95

Full Review

Brooklyn Lowery Site Editor

Ink Business PreferredSM Credit Card Essentials

The Ink Business Preferred℠ Credit Card was voted the Best Small Business Card Most Worth the Annual Fee in this year's 2017 CardRatings Editor's Choice Awards, and for good reason.

Though this card has a modest annual fee of $95, the signup bonus alone well makes up for this small expense, as does its quick points earning potential and impressive redemption offers. All elements that should make business owners - even small business owners or those who are self-employed - stand up and take notice.

After spending $5,000 on the card in the first three months of opening the account, new cardholders receive 80,000 bonus points. That's in addition to three points for every $1 spent on travel and other select purchases (more on those below) and one point for every $1 spent on everything else. Points can then be exchanged for cash transfers, gift cards or, for 25 percent more value, can be redeemed towards airfare, hotels, car rentals and cruises. Put in perspective, 80,000 Ultimate Rewards® points are worth up to $1,000 in travel, or $800 in cash. Alternatively, points can be transferred to participating travel programs at a full one-to-one value, meaning one Chase Ultimate Rewards® point equals one partner point or mile.

Chase Ink Business Preferred Credit Card's best features:

  • 80,000 point signup bonus
  • Three points for every $1 spent on travel and other select purchases
  • One point per $1 on all other purchases
  • No foreign transaction fees
  • Trip cancellation and trip interruption insurance
  • Trip delay reimbursement
  • Auto rental collision damage waivers
  • Cell phone insurance for the primary cardholder and employee phones on the same account
  • Employee cards at no additional cost
  • Purchase, price, return and extended warranty protection plans

What Our Editors Like Most about the Ink Business PreferredSM Credit Card

The most eye-popping thing about this card is the generous signup bonus, but choosing a card based on the intro bonus alone usually isn't a great idea; good thing the Ink Business Preferred℠ Credit Card also comes with quality cardholder perks and point-earning ease. This card is great for business owners and frequent travelers as cardholders have the opportunity to earn three points for each $1 spent on up to $150,000 spent annually on travel expenses; shipping costs; Internet, cable, and phone services; and advertising purchases made with social media sites and search engines. After the $150k cap, and on all other purchases, cardholders earn one point per $1. Better still, employee cards can be distributed at no additional cost with the option to set individual spending limits, helping you to earn rewards even faster and keep track of your businesses spending.

As far as perks go, business owners are sure to appreciate the included cell phone insurance - a truly unique feature that Chase included with its new card after hearing from customers that it was desired. The perk provides up to $600 per claim in cell phone protection against covered theft or damage for all phones listed on the monthly cell phone bill paid with the Ink Business Preferred℠ Credit Card.

In addition to the specific cell phone coverage, cardholders also enjoy a number of other protection services such as purchase, extended warranty, price, and return protection plans.

Similarly, travelers can also rest easy knowing that the Ink Business Preferred℠ Credit Card protects them with trip cancellation and trip interruption insurance, as well as trip delay reimbursements and auto rental collision damage waivers.

Potential Downsides of the Ink Business PreferredSM Credit Card

If the bonus cash back categories don't really fit your business needs, or if you spend more than $150,000 annually in those categories, the Ink Business Preferred℠ Credit Card might not be the best option if you're looking to maximize your rewards. Those looking to make the most of their point earnings might fare better with a card with unlimited, flat-rate cash-back potential, such as Capital One® Spark® Cash for Business, compared below.

How the Ink Business PreferredSM Credit Card Compares to Other Business Credit Cards

Ink Business PreferredSM Credit Card vs. Capital One® Spark® Cash for Business Credit Card

Similar to the Ink Business PreferredSM Credit Card, Capital One® Spark® Cash for Business allows for employee cards at no additional cost, but unlike the Chase card, there is no limit on how much users can spend before premium earnings stop. Instead, the Capital One card offers unlimited 2 percent cash back on all purchases with no caps or categories to limit purchasing.

Additionally, those looking for a nice signup bonus might enjoy the $500 cash back after spending $4,500 within the first three months of opening a Capital One® Spark® Cash for Business account. Also, frequent travelers are sure to enjoy similar travelers' perks like those offered by Chase, such as purchase security and extended protection plans, travel and emergency assistance services, and auto rental collision damage waivers.

The annual fee for these cards differs as well with the Capital One card coming in at $59 (waived for the first year) as compared to the $95 fee for the Chase card.

Ink Business PreferredSM Credit Card vs. the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®

For those who like the 3 percent point earnings rate offered with the Ink Business PreferredSM Credit Card, the U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® might be a second option worth considering. Not only can new U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard® members earn a bonus of $150 after spending $500 with the card within the first 90 days of opening an account, but card users also have the opportunity to earn 3 percent cash back on cellular, gas and office supply purchases as well as 1 percent cash back on all other purchases, with no cap on total rewards. Furthermore, users of this card enjoy no annual fees and a 25 percent cash-back rewards bonus up to $250 each year.

The U.S. Bank Business Edge™ Cash Rewards World Elite™ MasterCard®, however, might not be the best option for frequent travelers as it does not offer the same extensive travel protection services as the Chase Ink Business Preferred and Capital One Spark Cash for Business credit cards.

Ink Business PreferredSM Credit Card vs. Bank of America® Cash Rewards for Business MasterCard®

The Bank of America® Cash Rewards for Business MasterCard® credit card is another tiered rewards business card with which cardholders earn 3 percent back on gas and office supply store purchases (up to $250,000 spent annually), 2 percent back at restaurants and 1 percent on all other purchases. All that earning potential and no annual fee.

What might be particularly appeal about the Bank of America® Cash Rewards for Business MasterCard® credit card is the intro offer of nine billing cycles interest-free on purchases; that could certainly come in handy for new business owners with some start-up costs or even established businesses that have a major purchase on the near horizon.

Do keep in mind that you'll pay a 3 percent fee on all your purchases made while abroad, so the Ink Business PreferredSM is likely a better choice if your work often takes you overseas.

Who Should Get the Ink Business PreferredSM Credit Card?

If you like large signup bonuses, plan to make a fair amount of purchases in the bonus categories while staying under the $150,000 annual cap, then the Ink Business Preferred℠ Credit Card could be a great fit for you.

Thanks to a great signup incentive, quality purchase protection plans and travel perks, points-earning ease and a low annual fee, the Ink Business Preferred℠ Credit Card makes a solid option for business owners and the self-employed alike.

This card compared to other reward cards

Points or Miles
Earn 3 points per $1 in select business categories
3X points for flights booked directly with airlines. 2X points at US restaurants, US gas stations, and US supermarkets. 1X points on other purchases. Terms and limitations apply
2X miles/$1 on all purchases. Get 5% miles back to use toward your next redemption, every time you redeem
Bonus Miles or Points
Earn 80,000 bonus points
after you spend $5,000 on purchases in the first 3 months from account opening.
Receive 25,000 Membership Rewards® Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
Purchase APR
16.49% - 21.49% Variable
N/A 
16.49%, 20.49% or 23.49%* Variable 
Annual Fee
$95
Introductory annual fee of $0 for the first year, then $195.
$89-Waived first year
CardRatings.com Editorial Staff

Ink Business Preferred℠ Credit Card details

Points or Miles
Earn 3 points per $1 in select business categories
Bonus Miles or Points
Earn 80,000 bonus points
after you spend $5,000 on purchases in the first 3 months from account opening.
Purchase Intro
APR:
N/A
Purchase APR
16.49% - 21.49% Variable
Annual Fee
$95

What Chase says about this card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent in select categories each account anniversary year
  • Earn 1 point per $1 on all other purchases with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

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Featured offers
Currently available on the Ink Business Preferred℠ Credit Card
Earn 80,000 bonus points
After you spend $5,000 on purchases in the first 3 months from account opening.

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Apply online for Premier Rewards Gold Card from American Express

Premier Rewards Gold Card from American Express

  • Receive 25,000 Membership Rewards(R) Points after you spend $2,000 on purchases on your new Card in your first 3 months of Card Membership.
  • 3X points for flights booked directly with airlines. 2X points at US restaurants, US gas stations, and US supermarkets. 1X points on other purchases. Terms and limitations apply.
  • No matter where you're traveling, when you use your Premier Rewards Gold Card there are no foreign transaction fees from American Express.
  • $100 Airline Fee Credit. Up to $100 a year in baggage fees and more at one airline.
  • Get a $75 hotel credit on qualifying charges, plus a room upgrade upon arrival, if available with The Hotel Collection at americanexpress.com/hc. Terms apply.
  • There is a $0 introductory annual fee for the first year, then $195.
  • Terms and limitations apply.
Credit Needed:
Excellent
Apply online for Barclaycard Arrival Plus™ World Elite MasterCard®

Barclaycard Arrival Plus™ World Elite MasterCard®

  • Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
  • Earn 2X miles on all purchases
  • Redeem for travel or cash back statement credits, gift cards and merchandise. Redemption values vary
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Miles don't expire as long as your account is open, active and in good standing
  • No foreign transaction fees on anything you buy while in another country
  • 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.49%, 20.49% or 23.49%, based on your creditworthiness. Please note, there is a fee for balance transfers
Credit Needed:
Excellent/Good