In recent years, business credit cards have become more important than ever as credit card companies increasingly seek to develop products that meet the needs of small business owners.
The Ink Business Preferred® credit card (Review) was launched a few years ago and remains one of the most rewarding business cards out there. There is no other business card that offers a combination of a huge welcome bonus, a generous return and useful perks with such a reasonable annual fee.
For those of you who have small businesses but don’t have this card yet, here are eight reasons why I consider this to be the all-round best business credit card and chase card today:
1. 100K Ultimate Rewards points
The Ink Business Preferred Card offers an incredible 100,000 Ultimate Rewards points after $ 15,000 for purchases within the first three months.
I estimate Ultimate Rewards points at ~ 1.7 cents each, so 100,000 Ultimate Rewards points are worth ~ $ 1,700 to me. This is by far the largest welcome bonus any card currently offers.
For comparison, prior to the current bonus, the card offered 80,000 points after spending $ 5,000. This means that for an additional $ 10,000 spend, in addition to the points normally earned, you will earn 20,000 Ultimate Rewards bonus points for at least 3x Ultimate Rewards points per dollar. That is excellent.
Transfer your Ultimate Rewards points to Singapore KrisFlyer to redeem for suites
2. 3x points
The Ink Business Preferred Card offers triple points in several useful categories that your business may be spending a lot of money on, including:
- Mail order purchases
- Internet, cable and telephone services
- Advertising purchases using social media sites and search engines
You will earn triple points for the first $ 150,000 spent on combined purchases in the categories above per account anniversary year (meaning that Chase does not use a January 1st through December 31st calendar, but is based on your account year).
Based on my point value, this equates to a ~ 5.1% return on spending in these categories, which is exceptional.
Earn 3x points on travel purchases with the Ink Business Preferred
3. Advantage of cell phone protection
There’s an advantage to the Ink Business Preferred Card this is really noticeable, this is especially useful when you consider how expensive smartphones are these days.
The card offers Up to $ 600 per cell phone protection claim against covered theft or damage to you and your employees, which are listed on your monthly mobile phone bill, if you pay them with your Ink Preferred. You can make a maximum of three claims in a 12 month period, and there is a deductible of $ 100 per claim.
If you charge your mobile phone bill to Ink Preferred, you will also receive triple points for this purchase.
The Ink Business Preferred offers a great advantage in protecting cell phones
4. Rental car insurance
The Ink Business Preferred Card offers Coverage of the primary comprehensive insurance for renting most types of vehicles in most countries.
There are no countries these days that are specifically excluded from Chase card coverage. In the service guide, however, it is pointed out that “no cover is available if this is prohibited by law or by individual dealers or if the rental agreement violates the territorial regulations. “You should opt out of the rental company’s collision or loss options.
You can confirm coverage for a specific trip by contacting the benefits team at 877-631-0919.
Coverage is primary globally if you are renting for business purposes, while internationally it is primary for personal rentals and secondary to U.S. personal rentals.
When you rent a car, you may also earn triple points for your car rental by charging Ink Preferred as it qualifies as a trip.
Use Ink Preferred car rental when renting from Silvercar
5. Travel and Purchase Protection
In addition to cell phone and rental car coverage, Ink Preferred offers other purchase and travel benefits including, but not limited to:
- Trip Cancellation and Disruption Protection of up to $ 5,000 per trip
- Extended warranty protection for up to one year for authorized purchases
The exact conditions can be found in the card membership agreement. However, this can also be extremely valuable for purchases.
For example, I really like the shutter release delay cover. If your trip is delayed by 12 hours or more, you can get reimbursed up to $ 500 for hotel accommodation, meals, and transportation. All you have to do is pay for the trip with your card or with your Ultimate Rewards points.
6. USD 95 annual fee
The Ink Business Preferred Card has a reasonable one $ 95 annual fee. This is especially affordable when you factor in all of the perks and bonus categories.
For comparison: I like that a lot too American Express® Business Gold CardThis is the Amex business card with the best bonus categories. However, there is an annual fee of $ 295 (prices and fees) for this card.
7. Flexible travel awards
The Ink Business Preferred Card You will receive Ultimate Rewards points, one of the most valuable point currencies of all.
Ultimate Rewards points can be rolled over at a 1: 1 ratio to over a dozen loyalty programs, including 10 airline programs and three hotel programs, including the following:
|Aer Lingus Aer Club||IHG Rewards Club|
|Air France / KLM Flying Blue||Marriott Bonvoy|
|British Airways Executive Club||World of Hyatt|
|Southwest Airlines Quick Rewards|
|Virgin Atlantic Flying Club|
It is so valuable to maximize these programs. For example, you could transfer 30,000 points to World of Hyatt for a free night at Ventana Big Sur, an Alila hotel that often costs more than $ 2,000 a night.
Redeem your Ultimate Rewards points at Ventana Big Sur
Alternatively, you can transfer miles to one of the Ultimate Rewards airline partners to redeem them for ANA’s incredible First Class. Hopefully it will be practical to go back to Japan sooner rather than later.
Redeem your Ultimate Rewards points for ANA First Class
What makes Ultimate Rewards points even better is that you can also redeem them in an efficient ratio to a travel purchase. The Ultimate Rewards website allows you to redeem Ultimate Rewards points for 1.25 cents each for the cost of a travel purchase.
If you prefer the ink in conjunction with that Chase sapphire reserveThen all of your Ultimate Rewards points can be redeemed for 1.5 cents each for a travel purchase, giving you even more value from your points.
As I said before, admittedly, a lot of people aren’t traveling right now, but Ink Preferred allows you to collect rewards that you can redeem for amazing redemptions in the future.
8. Pool points with four cards with no annual fee
While Ink Business Preferred Card, Chase Sapphire Preferred® card (check and Chase sapphire reserve (Review) are valuable in their own right, they make other cards more valuable as well.
Chase has four awesome no annual fee cards that allow you to earn more Ultimate Rewards points. I speak of:
If you have a card that earns Ultimate Rewards points, such as: B. Ink Preferred, you can convert the points earned on the cards (one point is usually worth a penny) into Ultimate Rewards points, which I value at ~ 1.7 cents each. Just having this card makes other cards more valuable as well.
Use the Ink Business Preferred as a “Hub” Chase Ultimate Rewards card
Approval for the preferred ink
If you want to be approved for a Chase Ink business card, there are some general restrictions you must be aware of:
- Ink Preferred is subject to Chase’s “5/24 rule”. This means that if you’ve opened five or more new card accounts in the past 24 months, you will typically not be approved for the card (many business card applications don’t count towards this limit)
- You are eligible for Ink Preferred if you have Ink Unlimited and / or Ink Cash as all three cards are considered separate products (for example, I have all three cards).
- While there is no hard and fast limit to how many Chase credit cards you can have, there is often a limit to how much total Chase credit you can renew
- In general, I recommend requesting a Chase business card every 30 days or less
Chase Ink Preferred Bottom Line
There are a lot of great business cards out there.
For example I love The Blue Business® Plus credit card from American Express, which offers 2x Membership Rewards points for the first $ 50,000 issued annually and has no annual fee (pricing and fees).
However, when it comes to rounded business cards, it’s hard to beat them Ink Business Preferred CardBetween the 100,000 point bonus (currently the best welcome bonus of all credit cards), a reasonable annual fee of USD 95, 3x bonus points in selected categories and excellent coverage including travel, rental cars and mobile phones.
The Ink Business Preferred is probably also the ideal card to use as a “hub” for your Ultimate Rewards points, especially to maximize the value of other cards with no annual fee.
Assuming you can complete the minimum spend, the Ink Business Preferred is worth serious consideration …
The following links will take you to the prices and fees for the American Express cards mentioned. These include: American Express® Business Gold Card (prices and fees) and The Blue Business® Plus credit card from American Express (prices and fees).