Chase Ink Business Preferred

welcome offer

Earn 100,000 points after $15,000 spent within the first 3 months.

Bonus Cash Value

Approximately $1500*

Annual Fee

$95

Card Rewards

Earn 3 points per $1 on the first $150,000 in combined purchases by the following categories: travel, shipping, internet, cable, phone service, advertising purchases made with social media and search engine websites

Earn 5 points on Lyft Rides

1 point per $1 spent everywhere else

Help Me Build Credit has partnered with CardRatings for our coverage of credit card products. Help Me Build Credit and CardRatings may receive a commission from card issuers. The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

Card Overview

The Chase Ink Business Preferred is very much linked with travel. It is one of the cheapest business travel cards that provide so many great benefits and various insurances throughout a trip. The card earns a whopping 3 points on a full list of categories including travel. You can also enjoy the great welcome bonus even after receiving the welcome bonus on other Chase Ink products.

Card-Smart Tips & Advice
  • Good credit (you will probably need at least one credit card open for more than a year)
  • You will need to have a Chase business checking account open to get approved for a Chase business credit card
  • This card is under the  Chase 5/24 rule
  • Chase will not approve you if you already received a welcome bonus on the Chase Ink Preferred card within the past 24 months on the same business. But you can get approved and receive the bonus even if you already received a bonus on other Chase Ink products (Chase Ink Unlimited or Chase Ink Cash). Or if you got the welcome bonus on a different business
  • Step by step guide how to apply without a legal business
  • You can only get approved for up to 2 Chase Credit Cards in 30 days (business card and personal cards are counted separately)
  • Chase Bank will not report business credit cards on personal credit reports
  • Chase Bank will usually pull your Experian credit report
  • You can check your application status at  Chase.com  / Customer Center / Check my app status or call 1 888 338 2586
  • If declined you can call 1 888 609 7805 to be reconsidered
Card Details And Benefits
  • Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards
  • Luggage Delay Insurance
  • No Foreign Transaction Fee
  • Auto Rental Collision Insurance
  • Travel Accident Insurance
  • Lost Luggage Reimbursement
  • Extended Warranty Protection
  • Cell Phone Protection
  • Purchase Protection

Additional Resources

 

Compare Cards

CardChase Ink Business PreferredChase Ink Business CashChase Ink Business Unlimited
Welcome BonusEarn 100,000 points after $15,000 spent within the first 3 months.Earn $500 after $3,000 spent within the first 3 months. Intro 0% APR for 12 months on purchases.Earn $500 after $3,000 spent within the first 3 months. Intro 0% APR for 12 months on purchases.
Annual Fee$95$0$0
Rewards- Earn 3 points per $1 on the first $150,000 in combined purchases by the following categories: travel, shipping, internet, cable, phone service, advertising purchases made with social media and search engine websites - Earn 5 points on Lyft Rides - 1 point per $1 spent everywhere else- Earn 5% cashback on every $1 spent at office supply stores, internet, cable, and phone services (up to $25,000 spent annually) - Earn 5% cashback on Lyft rides - Earn 2% cashback for every $1 spend at gas stations and restaurants (up to $25,000 spent annually) - Earn 1% everywhere else- Unlimited 1.5% cashback - 5% cash back on Lyft rides
Extra Redemption ValuePoints are worth 25% more when redeemed for travel through Chase Ultimate Rewards
No Foreign Transaction FeeNone3%3%
Trip Cancellation InsuranceUp to $5,000 per person per trip for a max of $20,000 per year
Auto Rental Collision InsurancePrimary coverage on rentals for business purpose, secondary coverage on rentals for personal purpose. Coverage is for rentals up to 31 days.Primary coverage on rentals for business purpose, secondary coverage on rentals for personal purpose. Coverage is for rentals up to 31 days.Primary coverage on rentals for business purpose, secondary coverage on rentals for personal purpose. Coverage is for rentals up to 31 days.
Travel Accident InsuranceUp to $500,000 if occurred on the carrier or at the airport/station. Up to $100,000 if occurred from when you leave until you return.Up to $500,000 if occurred on the carrier or at the airport/station. Up to $100,000 if occurred from when you leave until you return.Up to $500,000 if occurred on the carrier or at the airport/station. Up to $100,000 if occurred from when you leave until you return.
Lost Luggage ReimbursementUp to $3,000 per person for lost or damagedUp to $3,000 per personUp to $3,000 per person
Trip Delay ReimbursementIf delayed more than 12 hours or overnight you can claim up to $500
Extended Warranty ProtectionOne additional year (limit $10,000 each claim and $50,000 max per account)One additional year (limit $10,000 each claim and $50,000 max per account)One additional year (limit $10,000 each claim and $50,000 max per account)
Cell Phone ProtectionGet reimbursed for up to $600 per claim (with a $100 deductible) if your cell phone brakes or stolen. To activate coverage you need to pay your monthly cell phone bill with your Ink Preferred credit card. (max 3 claims per year).
Purchase ProtectionLost and theft, up to 120 days. $10,000 per claim ($50,000 per account)Lost or theft, up to 120 days. $10,000 per claim ($50,000 per account)Lost and theft, up to 120 days. $10,000 per claim ($50,000 per account)
Authorized User Fee$0$0$0
Luggage Delay InsurenceIf delayed for a minimum of 6 hours you can claim up to $100 a day for up to 5 daysIf delayed for a minimum of 6 hours you can claim up to $100 a day for up to 5 daysIf delayed for a minimum of 6 hours you can claim up to $100 a day for up to 5 days
Road Side AssitanceChase will dispatch you assistance for free, but you will need to pay the service fee.Chase will dispatch you assistance for free, but you will need to pay the service fee.Chase will dispatch you assistance for free, but you will need to pay the service fee.

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*The estimate is based on our research on what approximate value consumers get when booking travel with points or transferring the points to partner airlines/hotels and booking award travel. You might need to be reward savvy to achieve the proper value. You can find out more on how we value points here

Please note: Although, I put a lot of effort to give my readers unbiased information. I’m legally required to notify you that I may be receiving compensation from credit card companies mentioned on this page. Please see our Advertisement Disclosure for more details.
The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.
Help Me Build Credit has partnered with AwardWallet and CardRatings for our coverage of credit card products. Help Me Build Credit, AwardWallet and CardRatings may receive a commission from card issuers.

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