Chase Ink Business Preferred Credit Card Review

The Chase Ink Business Preferred is the ideal card for businesses that have travel, shipping, advertising (social media and search), and/or internet, phone, and cable expenses. Get 25% more value when you book travel using the Chase Ultimate Rewards Travel Portal.

Key features

  • Annual fee: $95

  • Welcome bonus: 80,000 Ultimate Rewards points after $5,000 in spend within the first 90 days of account opening; equivalent to $1,000 when you redeem points for travel through the Chase Ultimate Rewards Travel Portal

  • Spending Multipliers:

    • Earn 3X points on travel*

    • Earn 3X points on shipping*

    • Earn 3X points on internet, cable, and phone services*

    • Earn 3X points on social media ads and search engines*

    • Earn 1X points on all other purchases

           *on up to $150,000 in combined category purchases

  • Foreign transaction fees: 0%

  • Redeem points for 1.25X in travel through the Chase Travel Portal

  • 1:1 Point transfer to airline and hotel partners

  • Primary collision damage waiver (CDW) when renting for business purposes

Review: Is the Chase Ink Business Preferred Worth It?

The Chase Ink Preferred is ideal for those who want a higher point redemption (25%) for travel by using the Chase Ultimate Rewards Travel Portal and access to transfer partners. 

Earn 3X points on up to $150,000 in combined purchases on internet, cable, and phone services, social media and search engine ads, shipping expenses, and travel. 

The benefit of having the Chase Ink Preferred is that you can pool Ultimate Rewards points together and redeem points for 1.25X or transfer the points out to transfer partners. 

Travel confidently with built-in travel protections when you book trips with the Chase Ink Business Preferred. Below are a handful of travel benefits:

  • Primary auto rental collision damage waiver (CDW) when renting for business purposes

  • Trip cancellation/interruption insurance

  • Roadside dispatch

Cell Phone Protection

The Chase Ink Preferred is one of the few cards on the market that offer cell phone protection. Get up to $600 per claim, with up to 3 claims per 12 months; this comes out to $1,800 (maximum) for 3 claims in 12 months. There's a $100 deductible for each claim.

 You're covered for damage and theft, but only for phones that are purchased brand new. This means that refurbished or used phones do not qualify. 

Cell phone protection will reimburse the eligible cardholder for:

  • damage

  • theft

  • or involuntary and accidental parting of the eligible cell phone

Learn more about how to use the Chase Ink Preferred cell phone protection in this post

Chase Ink Preferred vs. Chase Ink Cash vs. Chase Ink Unlimited

Chase Ink Business Card Spending Multipliers

The Chase Ink Preferred earns 3X points on select categories, on up to $150,000 in combined purchases, while the Chase Ink Cash earns 5X and 2X on select categories, on up to $25,000 in combined purchases each. 

Chase Ink Preferred

  • Earn 3X points on up to $150,000 in combined purchases:

    • Travel

    • Shipping expenses

    • Internet, cable, and phone services

    • Social media and search engines ads

Chase Ink Cash

  • Earn 5X points on up to $25,000 in combined purchases:

    • Internet, cable, and phone services

  • Earn 2X points on up to $25,000 in combined purchases:

    • U.S. gas stations

    • Restaurants

Chase Ink Unlimited

  • Earn unlimited 1.5X points on all purchases

If you spend more than $150,000 on internet, cable, and phone bills, it may be beneficial to add the Chase Ink Cash to earn 5X points on an additional $25,000 in category spend. 

How Much Are Chase Ultimate Rewards Points Worth?

Depending on how you plan on redeeming your Chase Ultimate Rewards points, they can be worth between 1-2 cents per point. 

Chase Ultimate Rewards Redemption Rates
Value Per Point
Statement Credits 1 cent
Cash Back 1 cent
Gift Cards 1+ cent
Travel via Chase Ultimate Rewards Travel Portal 1.25 cents
Airline and Hotel Transfer Partners 1.25+ cents

Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. 

UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.”