Introduction: The Chase Ink Business Preferred® Credit Card is a powerful tool for business owners who travel frequently. With a generous sign-up bonus, high rewards rates on business-related expenses, and valuable travel protections, this card is designed to help you maximize your business travel rewards. In this post, we’ll explore the features of the Chase Ink Preferred and how you can make the most of its benefits.
Key Features:
- Sign-Up Bonus: Earn 100,000 points after spending $15,000 in the first 3 months.
- Rewards: 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), and 1x points on all other purchases.
- Annual Fee: $95
- Redemption Options: Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards. You can also transfer points to Chase’s airline and hotel partners.
Pros:
- High Rewards Rate: The Chase Ink Preferred offers an excellent rewards rate on common business expenses, making it easy to rack up points quickly.
- Flexible Redemption: With Chase Ultimate Rewards, you can redeem points for travel, cash back, gift cards, and more. The ability to transfer points to travel partners adds even more value.
- Travel Protections: The card includes trip cancellation/interruption insurance, auto rental collision damage waiver, and purchase protection, giving you peace of mind when traveling for business.
Cons:
- High Spend Requirement: The $15,000 spend requirement to earn the sign-up bonus may be challenging for smaller businesses.
- Foreign Transaction Fees: While the card offers many travel benefits, it does come with foreign transaction fees, which could be a drawback for international business travelers.
Maximizing Your Rewards: To get the most out of your Chase Ink Preferred card, focus on using it for business expenses in the 3x points categories. Consider pairing it with a personal Chase Sapphire Preferred® or Reserve® card to maximize your point-earning potential and redemption options. Additionally, plan your business trips around the sign-up bonus requirement to ensure you meet the spending threshold.
Conclusion: The Chase Ink Business Preferred® Credit Card is an excellent choice for business owners who want to earn rewards on their business expenses and travel. With its high rewards rate, flexible redemption options, and valuable travel protections, this card can help you get more out of every dollar you spend. Evaluate your business needs and see if the Chase Ink Preferred is the right fit for you.
