Bankcheckingsavings has partnered with CardRatings for our coverage of credit card products. Bankcheckingsavings and CardRatings may receive a commission from card issuers.
The Chase Ink Business Preferred Credit Card is one of the best small business credit cards one could get, thanks to the excellent sign-up bonus, a high rewards rate in common business categories, and a plethora of valuable perks.
If you do a lot of traveling for business or your spending matches the bonus categories, the Ink Business Preferred may be well worth its annual fee.
New applicants can earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,250 toward travel when redeemed through Chase Ultimate Rewards.
You don’t need to have a formal business to apply for this card. In fact, your business is a “sole proprietorship” if you ever sell something on eBay, Craigslist, or do any freelance work. Simply use your name as business ID and Social Security number as tax ID on your application to apply. However, the earning rates and added perks are more appealing toward those with an actual company.
In addition, this card is subject to Chase’s 5/24 rule. If you’ve opened 5 or more credit cards over the last 24 months, you’ll most likely be denied. So, this card (or another Chase product) should be among the first ones for which you apply.
 |
If you’re interested for more offers from Chase, check out all the ongoing Checking/Savings account bonuses!
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
Table of Contents
Chase Ink Business Preferred Card Summary
| Bonus Available | Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. |
| *Bonus Value | $2,000 |
| Ongoing Rewards/Benefits |
|
| Foreign Transaction Fees | None |
| Annual Fee | $95 |
* The Chase Ink Business Preferred Credit Card is issued by Chase. They also offer great sign-up bonuses. You can also compare this card with other credit card bonuses!
* Bonus value is an estimated value calculated by BankCheckingSavings and not the card issuer.
View our latest valuations here.
Ink Business Preferred Bonus
Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
What are Ultimate Rewards Points Worth?
The value of your points depends on how you use them, on average the value of each Ultimate Rewards point at around $0.02.
You can redeem your Ultimate Rewards points for:
- Travel: Premium vacation packages, cruises or fly any class on most major airlines. Points are worth 25% more if you book your travel through Chase Ultimate Rewards.
- Cash back: As a statement credit to apply towards your card balance, or get it directly deposited to most U.S. checking and savings accounts. There are no minimums to redeem as cash back.
- Gift cards: Over 70 gift card options available including Home Depot, iTunes, Amazon and Staples.
- Amazon items: Instantly redeem your points to pay for all or part of your eligible Amazon order, including taxes and shipping.
You can also transfer your points to a variety of travel partners at a 1:1 ratio. Depending on the booking scenario with a transfer partner, the average value of up to two cents per point.
Chase Business Checking Option
 • Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities. • More ways to waive fees. Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card • Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAcceptSM. • Same-day deposits with QuickAcceptSM. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost. • Alerts to help you stay on top of your account activity. • Easy account management through Chase Business online and the Chase Mobile® app. • Unlimited electronic deposits, ACH and Chase Quick DepositSM. • Convenient access to 16,000 ATMs and more than 4,700 branches. |
Conclusion
It seems like Chase is really pushing their fantastic business cards. However, if these categories don’t match your spending, you may be better off with another card to maximize your earnings. You can find some that may fit your liking in our credit card promotions list.
If you’re looking for more Chase credit card options then check out our Chase credit card promotions master list for more information.
|
Bankcheckingsavings has partnered with CardRatings for our coverage of credit card products. Bankcheckingsavings and CardRatings may receive a commission from card issuers.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
