Ink Business Preferred® Credit Card
- Best for: Owners who spend on travel, shipping, and social media or search ads and redeem points for travel
- What Sets It Apart: Airline and hotel transfers plus cell phone protection, both missing from Chase’s no-fee Ink cards
- Welcome Offer: 100,000 points for $8,000 in purchases in your first 3 months; may not be available if you’ve had this card
- Rewards: 3X on travel, shipping, phone and internet services, and social media and search ads, up to $150,000 a year; 1X elsewhere; a point is worth 1 cent as cash, up to 1.5 cents on select Chase Travel bookings
- Features: Cell phone protection up to $1,000 per claim ($100 deductible); primary rental car coverage for business; trip cancellation coverage up to $5,000 per traveler; free employee cards
- Annual Fee: $95
- APR: 17.99% to 26.99% variable
- Cost: No foreign transaction fee; balance transfers 5%, at least $5; cash advances 5%, at least $15; $40 late fee
- Eligibility: U.S. businesses, sole proprietors included
- Pros: 3X on shipping and social media and search ads; cell phone protection; trip cancellation coverage
- Cons: $95 fee, unlike the no-fee Ink Business Cash and Unlimited; 1X outside its categories; Hyatt transfers cut to 750 points per 1,000
Get the Ink Business Preferred® Credit Card if your business spends heavily on travel, shipping, and social media or search ads and you’ll book travel with the points. Those costs earn 3 points per dollar, up to $150,000 a year. Cashed out, its points pay just 1% on other spending, less than the 1.5% the no-fee Ink Business Unlimited pays.
Chase lets you apply as a sole proprietor, so you don’t need an LLC, and a side business counts. Its points are worth a cent each as cash and up to 1.5 cents on select hotels and flights booked through Chase Travel.
Key Features
- Welcome bonus of 100,000 points for $8,000 in purchases in your first 3 months
- 3 points per dollar on travel, shipping, phone and internet services, and ads bought from social media sites and search engines, on the first $150,000 a year combined
- Points transfer to 10 airline partners such as United and Southwest, plus 3 hotel programs
- $95 annual fee, no foreign transaction fees, and employee cards at no extra cost
Pros
- 3X on shipping and on social media and search ads, not just travel
- Cell phone protection up to $1,000 per claim, with a $100 deductible
- Primary rental car coverage when you rent for business
- Trip cancellation and interruption coverage up to $5,000 per traveler
Cons
- $95 annual fee, while Chase’s cash back Ink Business Cash and Ink Business Unlimited charge none
- 1 point per dollar outside the 3X categories, worth 1% as cash
- Transfers to World of Hyatt cut to 750 points per 1,000 on October 1, 2026
- Welcome bonus may not be available if you’ve had this card before
- Likely denied under Chase’s unofficial 5/24 rule if you’ve opened five or more personal cards in 24 months
At 1.5 cents a point, the most Chase Travel pays, owners who book trips with their points and spend $3,200 or more a year in the 3X categories come out ahead of the no-fee Ink Business Unlimited. On $24,000 a year of spending, owners who’d rather take cash need $10,750 of it in those categories just to break even with the Unlimited after this card’s fee.
Learn more about the Ink Business Preferred® Credit Card or see how it compares to the best small-business credit cards.
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