Introduction: The Chase Ink Business Preferred® Credit Card is a powerhouse when it comes to earning travel points on business expenses. With its generous rewards structure and flexible redemption options, it’s a must-have for business owners who travel frequently. In this post, we’ll dive into the best strategies for maximizing your travel points with the Chase Ink Preferred, so you can make the most of your business spending.
Understanding the Rewards Structure:
- 3x Points Categories: Earn 3x points on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media and search engines (up to $150,000 per year).
- 1x Points on Other Purchases: Earn 1x points on all other purchases, which can still add up if you put all your business expenses on the card.
- Sign-Up Bonus: 100,000 points after spending $15,000 in the first 3 months. This bonus alone can be worth $1,250 in travel when redeemed through Chase Ultimate Rewards.
Best Ways to Maximize Your Points:
- Focus on 3x Categories: Make sure to use your Chase Ink Preferred for all expenses that fall under the 3x points categories. This includes booking business travel, paying for shipping services, and covering your company’s internet and phone bills.
- Pair with a Personal Chase Card: If you have a personal Chase Sapphire Preferred® or Reserve® card, you can combine points across accounts, giving you more flexibility in redeeming for travel.
- Take Advantage of Chase Ultimate Rewards: Redeem your points through the Chase Ultimate Rewards portal to get 25% more value. For example, 100,000 points can be worth $1,250 when used for travel, compared to $1,000 in cash back.
- Transfer Points to Travel Partners: Chase Ultimate Rewards points can be transferred at a 1:1 ratio to several airline and hotel loyalty programs, including United Airlines, Southwest Airlines, Marriott Bonvoy, and Hyatt. This can potentially increase the value of your points if you find a good redemption opportunity.
Using Travel Protections:
- Trip Cancellation/Interruption Insurance: If your trip is canceled or interrupted due to a covered reason, you can be reimbursed for up to $5,000 per person.
- Auto Rental Collision Damage Waiver: When renting a car for business travel, decline the rental company’s insurance and use your Chase Ink Preferred card to get primary coverage against damage and theft.
- Purchase Protection and Extended Warranty: Protect your business purchases with 120 days of coverage against damage or theft, and get an additional year added to your manufacturer’s warranty.
Conclusion: The Chase Ink Business Preferred® Credit Card offers incredible value for business owners who want to earn travel rewards. By strategically using the card for business expenses, taking advantage of Chase Ultimate Rewards, and utilizing the travel protections, you can maximize your points and enjoy a more rewarding travel experience. Whether you’re planning a business trip or a personal getaway, the Chase Ink Preferred can help you get there faster.
