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Ink Business Preferred® Credit Card

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welcome offer

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

Bonus Value

Approximately $1000 - $1500

Annual Fee

$95

Card Rewards

3 points on the first $150,000 in combined purchases on travel, shipping, internet, cable, phone service, advertising purchases made with social media and search engine websites

5 points on Lyft Rides

1 point everywhere else

Add to compare

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 Ink Business Preferred® Credit Card 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
  • Credit: Good credit (you will probably need at least one credit card open for more than a year)
  • Step by step guide how on to apply without an LLC or C-Corp
  • Chase 5/24 rule: Chase will decline an applicant that has opened 5 or more cards (other issuers included) in the past 24 months. Hence, 5/24 rule
  • Max cards: You can get approved for up to 2 Chase credit cards in 30 days. Business cards and personal cards are counted separately
  • Apply for two cards: If you apply for one Chase card and get approved, it is recommended to apply for a second card since Chase is very good about approving for two cards, even within the same day. If the first application is still pending, wait for it to be approved before you apply for a second card.
  • Not reported on personal credit reports: Chase Bank will not report business credit cards on personal credit reports
  • Credit bureau: Chase Bank will usually pull your Experian credit report
  • Combining same-day credit inquiries: Some data points suggest that credit inquiries for all Personal Chase cards for same-day applications will be combined; also, credit inquiries for all Business Chase cards for same-day applications will be combined. Credit inquiries for Personal and Business card applications will not be combined. More recent data points suggest that Chase credit inquiries will not be combined even for two Personal or two Business cards for same-day applications
  • Check application status: You can check your application status at  Chase.com  / Customer Center / Check my app status or call 1 800 453 9719
  • Reconsideration: If declined you can call 1 888 609 7805 to be reconsidered
  • Quickest way to get my card: You will be able to add your new card to your mobile wallet immediately after you get approved (it can sometimes take up to an hour for it to show up in your online login). You can also request Chase to overnight your physical card by calling Chase customer service.

  • Downgrade options: The Chase Ink Business Preferred card can be downgraded to the Chase Ink Cash ($0), or to the Chase Ink Unlimited ($0). Please note, Chase will only allow you to downgrade the card after 12 months of account opening.

Approval Monitor (submitted by HelpMeBuildCredit users)

81% Approved
757 Avg. Score of those approved
19% Denied
Approved 81% (22)
Denied 19% (5)

Credit limit range $3,000-$60,000

Avg. Credit limit$19,614

Approved 81% (22)
Denied 19% (5)

Disclosure: These results are based on information submitted by HelpMeBuildCredit users. Credit card approval results are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Neither HelpMeBuildCredit nor the bank advertiser's take any responsibility on the accuracy of the information.

Welcome Offer Eligibility
Chase may 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 if you are approved you will get the bonus). You can get approved and receive the welcome bonus even if you already received a welcome bonus on other Chase Ink products (Chase Ink Unlimited or Chase Ink Cash).
Card Details And Benefits
Foreign Transaction Fee

No foreign transaction fee

Extra Redemption Value

Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards

Trip Cancellation Insurance

Coverage for canceled or interrupted travel due to an unforeseen medical emergency etc. Max $5,000 per trip for non-refundable travel expenses including flight tickets, hotels, and more.

Auto Rental Collision Insurance

Worldwide primary coverage on rentals for business purposes, and secondary coverage on rentals for personal purposes. Coverage is for rentals up to 31 days.

Travel Accident Insurance

Get coverage if you, G-d forbid, die in an accident while traveling or lose a limb, sight, speech, or hearing (on common carriers). Receive up to $500,000 in compensation.

Lost Luggage Reimbursement

Get up to $3,000 per person for lost or damaged luggage.

Trip Delay Reimbursement

If your flight is delayed for 12+ hours, you can claim up to $500 per trip to cover expenses like meals, lodging, toiletries, medication, and other personal use items.

Extended Warranty Protection

Get your original manufacturer's warranty time matched (up to a year). (Will only cover if the original warranty is for 3 years or less). Max $10,000 per claim, $50,000 per account.

Cell Phone Protection

Get reimbursed for up to $1,000 per claim (with a $100 deductible) if your cell phone breaks or gets 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 Protection

Get refunded if your purchase is damaged or stolen, up to 120 days from the date of purchase. Max $10,000 per claim, $50,000 per account.

Luggage delay insurance

If your baggage is delayed for 6+ hours, you can claim up to $100 per day to cover expenses like toiletries & clothing, for up to 5 days.

Roadside Assitance

Get roadside service calls dispatched for free. You will have to pay a set service fee per call.

Covid-19 Temporary Benefits

  • New! Pay Yourself Back: You can use your Ultimate rewards points at a rate of 1.25 cents per point to refund any purchases made to your card for internet, cable, and phone services, shipping, advertising purchases made with social media sites or search engines, contributions to some eligible charities,  Click here to redeem the points for eligible purchases, expires 12/31/21.

Additional Resources

Targeted Offers

These links may have higher targeted offers. (You can try the links through incognito tabs or different browsers). Please note, these links are not affiliated links and we do not earn commission through applications submitted via these links. Please only use these links if you have been targeted for a higher offer.

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AtoB

*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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