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KEY LINK: Chase Ink Business Preferred® Credit Card – Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. $95 annual fee

Small Business credit cards are a bit of a special animal in the credit card world.  Unlike what we call “personal” cards, some cards like the Chase Ink Business Preferred that are tagged as “business” cards do require you to have a business to apply.  You’ll be asked for business identifier (SSN or EIN), business income, years in business and other things about your business on your Chase Ink Business Preferred application.  I’m lucky to have a couple of businesses, but you might have a business too, even if you don’t think you do. You can often apply just as a sole proprietorship with your own SSN if you don’t have a separate business EIN.

Ink Business Preferred Welcome Offer

The Chase Ink Business Preferred allows you to earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Those Ultimate Rewards points can easily be worth over $1,000. Chase has recently improved the bonus offer to require a much lower spending amount in order to get the full welcome offer.

These Ultimate Rewards can be transferred to partners such as United Airlines, Southwest Rapid Rewards, Hyatt Hotels, Marriott Bonvoy, Singapore KrisFlyer, and British Airways Avios just to name a few.

Ink Business Preferred® Credit Card

Ink Business Preferred Earning Categories

Many credit cards in the market currently have very robust earning charts. However, the Chase Ink Business Preferred keeps it simple and to the point.

  • 3 points per dollar on travel
  • 3 points per dollar on business expenses (shipping purchases, Internet, cable and phone services, and on advertising purchases made with social media sites and search engines)
  • Note that the 3 points per dollar bonus amount is only on the first $150,000 spent each account anniversary year in combined purchases on travel and business expenses
  • 1 point per dollar on all other expenses

Ink Business Preferred Benefits

The Ink Preferred also comes with a variety of different benefits that are super useful, including:

  • Primary Car Rental Insurance (when traveling for business) – see how a Chase car insurance claim saved my mom nearly $900
  • 25% bonus on your points when redeeming for travel
  • Transfer your Ultimate Rewards points to Chase’s hotel and airline travel partners
  • The ability to combine Chase Ultimate Rewards points and make your existing URs more valuable
  • Various travel insurance benefits, including trip delay, trip cancellation, baggage and accident insurance
  • Cell Phone Theft and Damage Protection
  • No foreign transaction fees

Other Cards To Consider

If you don’t feel that the Chase Ink Preferred card is right for you, here are a few other cards to consider

  • Ink Business Unlimited® Credit Card – has a welcome offer lets you earn $750 after you spend $6,000 on purchases. You’ll earn 1.5% cashback on all purchases. $0 annual fee. Read our full review here.
  • Ink Business Cash® Credit Card – comes with a welcome offer that lets you earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. You’ll earn only 1% cashback on everyday spend and 5% cashback on certain categories and no annual fee. Comparing the Ink Business Cash to the Ink Business Unlimited will depend on how much of your regular spend is in these bonus categories. Read our full review here.
  • Chase Sapphire Preferred® Card – has a welcome offer lets you earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This is a personal card so could be a great option if you don’t want to apply for a business card. It’s one of the cards I recommend for people starting out

The Bottom Line

If you are a small business owner, this card could serve your business well!  If you are already collecting Chase Ultimate Rewards, you can combine them with your other Ultimate Rewards, possibly making them even more valuable. Although the welcome offer requires a significant amount of spending, it also gives a big boost to your Ultimate Rewards balance. The benefits are also nice, including primary rental car insurance and the ability to transfer Ultimate Rewards to hotel and airline transfer partners.

What do you think about the Chase Ink Business Preferred card? Leave your thoughts in the comments below


This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as thepointsguy.com. This may impact how and where links appear on this site. Responses are not provided or commissioned by the bank advertiser. Some or all of the card offers that appear on the website are from advertisers and that compensation may impact on how and where card products appear on the site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners and I do not include all card companies, or all available card offers. Terms apply to American Express benefits and offers and other offers and benefits listed on this page. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Other links on this page may also pay me a commission - as always, thanks for your support if you use them

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