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Author - Sam
Updated: March 26, 2024 | Credit Card Review If you are a business owner and you are looking for a good travel card but you don't want to pay a lot, then you're looking for the card_name. The fee is just $95 annually. For that price, you get a great suite of travel protections such as trip cancellation insurance, auto rental collision insurance, travel accident insurance, trip delay reimbursement, luggage delay insurance, lost luggage reimbursement, and more. And then you also earn 3 points on the first $150,000 in combined purchases on travel and other categories.
This is the go-to cheap, business basic travel card. This card works well for Amazon Sellers as it earns 3 points on PPC marketing (up to $150,000 in spending each cardmember year). You are also looking at the cheapest Chase card that allows you to transfer your Chase Ultimate Rewards to airline and hotel partners! Plus, your points are worth 25% more when redeemed to book travel on Chase Travel(SM).
- 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 personal 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.
- 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 can 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)
Credit limit range $3,000-$75,000
Avg. Credit limit$18,252
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.
HelpMeBuildCredit credit ranges are a variation of FICO®️ Score 8, one of many types of credit scores lenders may use when considering your credit card application
Worldwide primary coverage on rentals for business purposes, and secondary coverage on rentals for personal purposes. Coverage is for rentals up to 31 days.
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.
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.
Points are worth 25% more when redeemed for travel through Chase Travel(SM).
Get up to $3,000 per person for lost or damaged luggage.
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.
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.
Get roadside service calls dispatched for free. You will have to pay a set service fee per call.
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.
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.
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.
The points can be redeemed as cashback for 1 penny per point.
If you also have the Chase Sapphire Reserve then you can transfer your points from your Ink Business Preferred® Credit Card to the Reserve to redeem 1.5 cents per point on Chase Travel(SM), to book flights, car rentals, hotels, and more.
If you only have the Ink Business Preferred® Credit Card then you can get 1.25 cents per point on Chase Travel(SM).
You can transfer your points to any of the following Chase Travel Partners.
Airline partners:
| Transfer Ratio | Transfer Time | |
| Aer Lingus, AerClub | 1:1 | Instant |
| Air Canada, Aeroplan | 1:1 | Instant |
| British Airways, Avios | 1:1 | Instant |
| Emirates, SkyRewards | 1:1 | Instant |
| 1:1 | Instant | |
| Iberia, Iberia Plus | 1:1 | Instant |
| JetBlue, TrueBlue | 1:1 | Instant |
| Singapore Airlines, KrisFlyer | 1:1 | 12-24 hours |
| Southwest, Rapid Rewards | 1:1 | Instant |
| United Airlines, MilagePlus | 1:1 | Instant |
| 1:1 | Instant |
Hotel partners:
| Ratio | Transfer Time | |
| Hyatt, World Of Hyatt | 1:1 | Instant |
| IHG, Rewards Club | 1:1 | 1 day |
| Marriott, Bonvoy | 1:1 | 2 days |
You can also Pay Yourself Back by paying for purchases on your card and offsetting the purchases with points. You can get 1.25 cents per point.
This can only be done on purchases within certain categories, and Chase constantly changes the eligible categories. The current category until 12/31/24 is:
- Select charities
