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Chase Ink Business Preferred® Credit Card
The Chase Ink Business Preferred® is my favorite all around small business credit card. I actually have two of them because it has great 3x bonus categories, and is often the card I refer to when people ask what the best business credit card to get. Let break this bad boy down and explain to you why.
Chase Ink Business Preferred® Credit Card
The Chase Ink Business Preferred® is one of my favorite small business credit cards that earns 3x on travel, cable, phone, and social media marketing, up to $150k yearly spend.
Add in mobile phone insurance and you’ve got a killer card that earns transferrable Ultimate Rewards for $95 a year.
Welcome Offer
90k bonus points after $8k spend in 3 months
Annual Fee
$95
Points Earned
Transferrable Ultimate Rewards
- 90k point welcome bonus after $8k spend in 3 months
- 3x on first $150k of yearly spend on
- Travel
- Phone, Cable, Internet
- Social Media/Search advertising
- Shipping
- 1x on all other purchases
- No Foreign Transaction fees
- Add additional employee cards
- Redeem at 1.25c for travel with Chase Travel℠
- $95 annual fee
- Member FDIC
120k after $8k spend in 3 months is the highest we’ve ever seen
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Ink Business Preferred® can serve as the premium Chase card in your wallet that you can merge your points into to make them transferrable.
It earns 3x on travel, cable, your phone bill, and if you do an social media marketing, you’ll get 3x there as well.
It also comes with competitive mobile phone insurance. I end up paying with this card quite often when I’m traveling for hotels, airfare, etc because the travel category is quite broad compared to other cards. It also has no foreign transaction fees.
The Benefits of The Chase Ink Business Preferred®
The Chase Ink Business Preferred® has a low $95 annual fee and comes loaded with a bevy of benefits and perks.
First off you earn 3x on the first $150k spent on travel, phone/cable/internet, Social Media and Search Advertising, and shipping. For a lot of online businesses, this is a great way to earn a ton of transferrable points on social/search ads.
- 3x on first $150k spent on
- Travel
- Phone, Cable, Internet
- Social Media/Search advertising
- Shipping
- 1x on all other purchases
- Cell Phone Insurance
- No Foreign Transaction fees
- Add additional employee cards
- Redeem at 1.25c for travel with Chase Travel℠
- $95 annual fee
- Member FDIC
Tell me more about Chase Ultimate Rewards
The Chase Ink Business Preferred® earns premium ultimate rewards which means they can be used in the portal ( for 1.25c with this card ) or they can be transferred in the following transfer partners. This is how we travel in business and first class – outsized value in transfer partner sweet spots.
Is the Chase Ink Business Preferred® limited by 5/24
Yes, if your credit report reflects 5 new accounts being opened in the last 24 months you will not be eligible for the card.
Is this the best offer we’ve seen on the Chase Ink Business Preferred®?
We keep an updated best offer spreadsheet here, but historically this is what we’ve seen
- Sept 2024 – 90k offer after $8k spend in 3 months
- July 2024 – 120k offer after $8k in 3 months
- Early 2024 – 100k offer after $8k in 3 months
- 2023 – 100k offer after $15k in 3 months
Hitting $8k in 3 months is difficult for my business
I would check out this post where I discuss using Plastiq as a way to put expenses your business would ordinarily pay cash for like rent, auto leases, utilities, contractors, business services, etc on your credit card. When you start to factor in total expenses, many businesses easily spend $5k a month. The ability to earn a massive bonus is worth paying a service charge in my opinion.
But I don’t have a small business, Miles. You may, and not know it. Keep reading.
If you have a side hustle, earn money from the gig economy, or even now what people are referring to as the creator economy…the odds are strongly in your favor that you qualify for a small business credit card. So many people earn money that isn’t W2 income, but they haven’t established formal LLCs or S-corps that have EIN ( Employer Identification Number), and they aren’t taking advantage of what that income opens the door to….but they can still apply and get approved for small business credit cards.
If you’re earning income on a 1099, you’re good to go. Some examples of those are…
- Online Coaches, tutors, etc
- Uber and Lyft drivers (assuming they still get 1099s whenever you’re reading this).
- DoorDash, GrubHub and Postmates
- Social Media income ( TikTok, Instagram, YouTube )
- Cater Waiters
- Personal Trainers
- Dog Walkers
- Freelance graphic designers and web designers
- Singers, artists, dancers, models, etc
- Virtual Assistants
- Ebay, Amazon and Facebook resellers
Chase Ink Business Preferred® Credit Card
The Chase Ink Business Preferred® is one of my favorite small business credit cards that earns 3x on travel, cable, phone, and social media marketing, up to $150k yearly spend.
Add in mobile phone insurance and you’ve got a killer card that earns transferrable Ultimate Rewards for $95 a year.
Welcome Offer
90k bonus points after $8k spend in 3 months
Annual Fee
$95
Points Earned
Transferrable Ultimate Rewards
- 90k point welcome bonus after $8k spend in 3 months
- 3x on first $150k of yearly spend on
- Travel
- Phone, Cable, Internet
- Social Media/Search advertising
- Shipping
- 1x on all other purchases
- No Foreign Transaction fees
- Add additional employee cards
- Redeem at 1.25c for travel with Chase Travel℠
- $95 annual fee
- Member FDIC
120k after $8k spend in 3 months is the highest we’ve ever seen
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Ink Business Preferred® can serve as the premium Chase card in your wallet that you can merge your points into to make them transferrable.
It earns 3x on travel, cable, your phone bill, and if you do an social media marketing, you’ll get 3x there as well.
It also comes with competitive mobile phone insurance. I end up paying with this card quite often when I’m traveling for hotels, airfare, etc because the travel category is quite broad compared to other cards. It also has no foreign transaction fees.
How about a deep dive into the benefits I extract the most value from:
1) Earning Transferrable Ultimate Rewards
First and foremost, the sign up bonus is amazing and puts you well on your way to some incredible redemptions. How? As I’d mentioned in the intro – this card is one of Chase’s premium cards – meaning it earns fully transferrable points. The ability to transfer into partner programs is the single best way to consistently get maximum value for your Ultimate Rewards
Business class starts at just 60k with United, 65k with Singapore Airlines from the US to Europe. Incredible value to fly flat and hit the ground running when you get to your final destination. You can transfer instantaneously to United and fly on partners like Lufthansa in first class which is uber cool if you ask me.
In fact, 110k United miles will fly you in Lufthansa First Class from the US to Europe. One of the benefits of using United miles vs other currencies is the taxes and fees are minimized.
2) 3x points on Travel
Being in the travel business means it accounts of a large portion of my business expenses. Chase has a broad and generous definition of travel:
Airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages
I’m always surprised at the end of the month when I see how many different places I accumulated triple points simply by using this card.
3) Cell Phone Insurance
This is an outstanding benefit and typically not one of the main advertising points of this card, but saves me $10-15 every month. The Chase Ink Business Preferred® provides cell phone protection so long as you pay your bill with the card.
Yes, that’s right, you can switch your current bill over to the Chase Ink Business Preferred®, and you and your employees phones will be covered with following benefits:
- $600 of protection with a $100 deductible
- Claims 3 times per 12 months
Exclusions:
- Lost phones are NOT covered
- Covered phones must be purchased new. Refurbished or resold phones are NOT included
- Only covers you and your employees listed on your monthly cell phone bill
4) Transfer your Freedom/Ink Cash, etc into Ultimate Rewards
One of the great things about having a premium Chase Ultimate Reward earning credit card, is it allows you to increase the value of points you may earn on other Chase products. What does this mean? It means that you can transfer points earned from the Chase Freedom Unlimited®, Chase Freedom Flex(SM), Chase Ink Business Unlimited®, or Chase Ink Business Cash® into the Chase Ink Business Preferred® and they become transferrable.
You can read this article about how that works.
Chase Ink Business Preferred® Credit Card
The Chase Ink Business Preferred® is one of my favorite small business credit cards that earns 3x on travel, cable, phone, and social media marketing, up to $150k yearly spend.
Add in mobile phone insurance and you’ve got a killer card that earns transferrable Ultimate Rewards for $95 a year.
Welcome Offer
90k bonus points after $8k spend in 3 months
Annual Fee
$95
Points Earned
Transferrable Ultimate Rewards
- 90k point welcome bonus after $8k spend in 3 months
- 3x on first $150k of yearly spend on
- Travel
- Phone, Cable, Internet
- Social Media/Search advertising
- Shipping
- 1x on all other purchases
- No Foreign Transaction fees
- Add additional employee cards
- Redeem at 1.25c for travel with Chase Travel℠
- $95 annual fee
- Member FDIC
120k after $8k spend in 3 months is the highest we’ve ever seen
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Ink Business Preferred® can serve as the premium Chase card in your wallet that you can merge your points into to make them transferrable.
It earns 3x on travel, cable, your phone bill, and if you do an social media marketing, you’ll get 3x there as well.
It also comes with competitive mobile phone insurance. I end up paying with this card quite often when I’m traveling for hotels, airfare, etc because the travel category is quite broad compared to other cards. It also has no foreign transaction fees.
Go here to see our favorite uses of Chase Ultimate Rewards
Overall:
This is a card I can’t imagine parting ways with. It not only has an incredible welcome offer, but has benefits that keep it front and center in my wallet. The only downside to the new offer is the larger spend threshold, but the ability to process
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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