Best travel credit cards

Chase Ink Business Preferred Review

Best Business flexible rewards

on Chase's website

The Chase Ink Business Preferred card has the best business flexible rewards.   The rewards rate is high and the points can be used on the Chase Ultimate Reward Travel Portal or by transferring to an impressive list of travel partners.

 

The Chase Ink Business Preferred credit card has a lot of benefits attractive to the small business owner.

  • Big sign-up bonus
  • Earn 3x points in popular categories
  • Travel and purchase coverage
Ritz Carlton Laguna Niguel

The Ritz Carlton Laguna Niguel - stay free with chase Ink Business Preferred

Chase Ink Business Preferred Benefits

Current welcome offer

Earn 100,000 Bonus Points.  After you spend $15,000 on purchases in the first 3 months after account opening.  That’s $1,000 when you redeem for cash back.

 

Rewards Rate

Earn 3 points per $1 on the first $150,000 in combined purchases each account anniversary year on

  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases with social media sites and search engines
  • Travel

Earn unlimited 1 point per $1 spent on all other purchases with no limits to the amount you can earn.

 

Travel benefits

  • Trip cancellation/interruption service.   When you cancel or cut short a trip due to eligible reasons like illness or severe weather you get up to $5,000 in coverage – up to a maximum of $10,000 per trip.
  • Trip delay reimbursement.  Delays of greater than 12 hours due to a covered reason on a covered trip may receive this benefit.  Reimbursement up to $500 per ticket for reasonable expenses is possible.

 

Purchase Protection

  • Primary car rental coverage.  Put the entire rental car cost on the card while you are traveling for business.  You are covered for theft and damage in the U.S. and most other countries as well.  This does not include any liability coverage, but will cover the full value of the vehicle.
  • Cell phone protection.  Use the card to pay your monthly cell phone bill.  You may receive a $600 benefit for damage or theft of the phone with a $100 deductible.  The benefit has a limit of three times in a twelve month period.
  • Purchase protection.  Eligible items purchased on the card are covered against theft and damage for 120 days after purchase.  The coverage is limited to $10,000 per claim and $50,000 per account.
  • Extended warranty protection.  When an eligible purchase from a U.S. manufacturer has a warranty of less than three years, the card will add one year to the warranty.

 

Foreign Transaction Fees

No foreign Transaction Fees

 

Annual Fee

$95 annual fee.

Vu Restaurant

Hyatt Regency Jersey City - stay free with Chase Ink Business Preferred

Big Sign-up Bonus

The current sign-up bonus is 100,000 Ultimate Rewards points.

The points can be used for $1,000 cash back or $1,250 on the Ultimate Rewards Travel Portal.

The points can also be transferred to a long list of Chase travel partners for even more value.  The value there could be up to $2,000 or even more.

3x Rewards in Common Categories

The Ink Business Preferred card earns 3 times points in some common small business categories.  These categories earn 3x points up to total purchases of $150,000:

Shipping purchases

  • Internet, cable and phone services
  • Advertising purchases with social media sites and search engines
  • Travel

These are core expenses for many small businesses - high spend categories to give our points a big boost.

Water Slide Area

Hyatt Regency Hill Country - stay free with Chase Ink Business Preferred

25% extra value for Travel Redemptions

The Ultimate Rewards points earned with the Chase Ink Business Preferred card can be redeemed on the Ultimate Rewards travel portal.  The usual rate is one cent of value for each point.

This card increases the redemption rate by 25% so each point is worth 1.25 cents when redeemed on the portal.

Transfer to top Travel Partners

Chase Ultimate Rewards points can be transferred to travel partner brands at a rate of 1:1 in increments of 1,000.  This means that you can transfer 1,000 Ultimate Rewards points for 1,000 Hyatt points.

 

These are the Chase Airline partners:

Southwest Airlines

United

Virgin Atlantic

British Airways

Jet Blue

Flying Blue

Emirates

Singapore Airlines

Aer Lingus

Iberia

 

These are the Chase Hotel partners:

Hyatt

Marriott

IHG

Summer Night

The Lodge at Spruce Peak - stay free with Chase Ink Business Preferred

Travel Coverage

The Chase Ink Business Preferred card offers two types of travel coverage.

  • The first is trip cancellation/interruption service.  This coverage offers up to $5,000 per person in coverage and up to a maximum of $10,000 per trip.  Eligible reasons are things like illness or severe weather that cause you to cancel or cut short a trip.
  • The second is trip delay reimbursement.  This coverage kicks in when you have travel delayed by more than 12 hours due to covered reasons.  Reimbursement up to $500 per ticket for reasonable expenses is possible through this coverage.

Purchase Coverage

The Chase Ink Business Preferred card also comes with Purchase Protection.

This coverage protects eligible purchases on the card against theft and damage.  Coverage extends for 120 days after purchase.  This coverage is limited to $10,000 per claim and $50,000 per account.

Cell Phone Coverage

Cell phone coverage come automatic with the Chase Ink Business Preferred.

To qualify you must use the card for your monthly cell phone bill.

Damage or theft of the phone is covered up to $600, you just pay a $100 deductible.  The benefit may be used up to a maximum of three times per twelve month period.

Blue Point Provision Company

Hyatt Regency Chesapeake Bay - stay free with Chase Ink Business Preferred

Chase Ink Business Preferred - Earning Points

The Chase Ink Business Preferred is a great way to earn the high value Ultimate Rewards points.

The big sign-up bonus starts things with a big boost to our points account.  With one of the largest sign-up bonuses of any card, the card leaps onto the radar of every small business owner.

The high earnings rate for on-going spend keeps the card in people's wallet.  The 3x earnings for travel, advertising shipping, and cable services makes this card a go to card.

Oceanfront Studio Suite - One King Bed (plus sofa bed) - Balcony

Hyatt House Virginia Beach - stay free with Chase Ink Business Preferred

Chase Ink Business Preferred - Redeeming Points

The Chase Ink Business Preferred also stands out for its flexibility and value in redeeming points.

Travel can be booked direct using points on the Chase Ultimate Rewards travel portal.  They are worth a valuable 1.25 cents per point and the process is straight forward.

Points can also be transferred to Chase travel partners.  This is really where huge value can be found.

Hyatt in particular has valuable points that can be exchanged for Ultimate Rewards points.  Earning 3x on popular categories and transferring the points to Hyatt really packs a big punch.

A Hyatt Category 1 hotel is valued at 5,000 Hyatt points.  For every $1,667 you purchase in 3x categories you will get enough points for one night in a Category 1 hotel.  Those Category 1 nights can be worth $200 a night and more - that's a lot of value from our purchases.

Aurum

Grand Hyatt Nashville - stay free with Chase Ink Business Preferred

Final thoughts on Chase Ink Business Preferred

Ink Business Preferred

on Chase's website

The Chase Ink Business Preferred credit card has a big sign-up bonus, earns valuable points, has popular 3x earning categories, and great flexibility to redeem points.

 

It may well be the most valuable single business credit card.

Cards to get with the Ink Business Preferred

Chase spreads out a few of the best features of its business credit cards.

The Chase Ink Business Unlimited offers unlimited 1.5% cash back.

The Chase Ink Business Cash offers 5% cash back at office supply stores, and on internet, cable and phone services.

When paired with the Ink Business Preferred these cash back earnings can be transferred to points in your Ink Business Preferred account - where you can redeem for 1.25 points on the Ultimate Rewards travel portal or transfer to travel partners.

 

These three cards offer unique pieces to maximize the value of a small business's purchases.  Many businesses will find value in having all three of these cards.

Ink Business Preferred

on Chase's website

Ink Business Unlimited

on Chase's website

Ink Business Cash

on Chase's website