Chase
Ink Business Preferred® Credit Card
Key Features
| Annual Fee | $95.00 |
| Sign-up Bonus | 100,000 bonus points |
| Rewards Rate | 1x-5x Points |
| Regular APR | 17.74Min. of (6.75+10.99) and 29.99%–26.74Min. of (6.75+19.99) and 29.99% variable APR. |
About this card
The Ink Business Preferred Credit Card earns an overall rating of 4.0, positioning it as an excellent choice, particularly for small business owners with very good credit who can maximize its robust rewards program. The card's strengths are exceptionally compelling: an outstanding Rewards Rating of 4.8, driven by a generous 100,000-point sign-up bonus, impressive 3x earning categories on common business expenses (up to $150,000 annually), and the highly flexible 1:1 point transfers to numerous travel partners. The Fees Rating of 4.3 is also excellent, with a moderate $95 annual fee that is easily offset by the substantial value delivered, especially with no foreign transaction fees and complimentary employee cards. Furthermore, the card benefits from an excellent Reputation (4.7) from both financial experts and users, solidifying its standing as a top-tier business offering backed by Chase's strong brand. However, the card has a significant drawback in its APR Rating of 1.5. The variable regular APR, ranging from 17.74% to 26.74%, is quite high, and there is no introductory APR offer. This makes the Ink Business Preferred an expensive option for businesses that frequently carry a balance, as interest charges would quickly erode the value of earned rewards. Therefore, the card is best suited for businesses that consistently pay their balances in full each month. For this target audience, who prioritize maximizing rewards and leveraging extensive travel and purchase protections without incurring interest, the card's benefits far outweigh its annual fee and the high APR becomes a non-issue. The strong value proposition, particularly in rewards and perks, firmly places it in the 'Excellent' category, despite the notable limitation regarding interest rates.
Pros & Cons
What's great
- Generous sign-up bonus
- High rewards rate on business spending
- No foreign transaction fees
- Valuable travel and purchase protections
- Flexible point transfer options
- Additional business perks
Things to consider
- Annual fee
- No introductory APR offer
- High regular APR
What this card offers
Sign-up bonuses
- Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months after account opening.
Rewards
- Earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year.
- Earn a total of 5x points on Lyft rides through September 30, 2027 with your Chase Ink Preferred card.
- Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn.
Other features
- Complimentary access to DashPass
- Whether you're in need of a team lunch or office supplies, get complimentary access to DashPass with your Chase Ink Business Preferred card. Enjoy $0 delivery fees and reduced service fees on eligible orders for a minimum of one year, when you activate by December 31, 2027. Plus, as soon as you activate your membership, you'll receive up to $10 a month on grocery and retail DoorDash orders.
- Employee cards at no additional cost
- Employee cards let you set individual spending limits and help you earn rewards even faster.
- No foreign transaction fees
- You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
- 1:1 Point Transfer
- Transfer your Ultimate Rewards points to participating frequent travel programs at full 1:1 value – that means one Chase Ultimate Rewards point equals one partner mile/point.
- Travel & purchase coverage
- Trip Cancellation and Interruption Insurance
- If your trip is canceled or cut short by sickness, severe weather or other covered situations, you can be reimbursed up to $5,000 per covered traveler and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
- Roadside Assistance
- If you have a roadside emergency, call the service provider to dispatch the help you need. Roadside service fees will be billed to your card at time of dispatch.
- Auto Rental Coverage
- Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to $60,000 for theft and collision damage for most rental vehicles with an MSRP of $125,000 or less.
- Cell Phone Protection
- Get up to $1,000 per claim in cell phone protection against covered theft or damage for cell phones listed on your monthly cell phone bill when you pay it with your eligible credit card. Maximum of 3 claims in a 12-month period with a $100 deductible per claim.
- Purchase Protection
- Covers your eligible new purchases for 120 days from the date of purchase against damage or theft up to $10,000 per item.
- Extended Warranty Protection
- Extends the time period of the manufacturer's U.S. warranty by an additional year, on eligible warranties of three years or less, up to four years from the date of purchase.
- Chase Pay Over Time lets eligible Chase business card customers break up credit card expenses into manageable payments. No interest - just a fixed monthly fee with plan durations that range from 3-24 months.