Chase Ink Business Preferred: Top Business Credit Card

Whether you are setting up a new company, or simply looking for a new business credit card for your company, securing the right fit for your company is essential. You need a card that will give you the highest level of rewards and perks for your business spending and operations. There are a variety of different cards out there, and the Chase Ink Business Preferred is one of the most popular for Us business owners.

The Chase Ink Business Preferred Credit Card is a smart choice for those looking for a new business card with an annual fee of just $95. Chase Ink Business Card benefits allow you to easily build up rewards points with your company purchases and you will be rewarded with a sizable rewards bonus as a welcome offer. These rewards can be redeemed with 14 different hotel and airline partners helping you to cut down on business trip costs.

In the article below we will give you all the information you need to see if these company credit cards are the right choice for you. We will tell you how you can earn Chase Ultimate Rewards points and the best ways to spend them to maximize value for your company.

Chase Ink Business Card Benefits

When you use Chase Ink Business credit cards you will be able to access a variety of valuable benefits for your company. Here are the benefits offered with the Chase Ink Business Preferred:

• Earn 100,000 Rewards Points after spending $8,000 within three months of getting your card.
• 3x points per dollar for card spending in eligible categories. (Up to $150,000 spending per year, then 1x points for the rest of the year.)
• Up to $1,000 Cell phone protection against theft and damage. (Limited to three claims per year, and you need to pay a $50 deductible.)
• Insurance for travel cancellations and interruptions. Up to $5,000 to cover non-refundable canceled prepaid travel purchases due to severe weather or illness.
• Rental Car insurance coverage against damage and theft up to the cash value of the vehicle.
• Protection for Business Purchases if they are stolen or damaged within the first three months of purchase. (Up to $10,000 limit per claim.)
• Reimbursement for delayed trips. If your business travel is delayed for over 12 hours due to an eligible reason, you could be reimbursed for up to $500 for related expenses.
• Extra Year Warranty for business purchases.

Welcome Offer for Chase Ink Business Credit Cards

When you are approved, one of the main Chase Ink Business card benefits you’ll access is a sizeable signup bonus.

• Earn 100,000 Chase Rewards Points after you spend $8,000 with your card within the first three months of your account opening.

This is one of the most generous welcome offers you’ll find on a business credit card. And when redeemed, these points can be valued at approximately $2,000 when transferred to Chase travel partners. These airline and hotel partners include United Airlines, British Airways, Southwest, Hyatt, and Marriot.

If you want to get the most value from the card, accessing the generous signup bonus is one of the best Chase Ink Business card benefits. If your business normally spends this threshold amount within three months, then this could be a terrific way to snag some great travel discounts for your organization.

To help make sure you reach this threshold, you can issue employee Chase Ink Business Credit Cards at no extra cost for all of their daily business costs.

However, if your current business spending doesn’t approach this amount, you may want to hold off on applying for now.

How to Earn Rewards Points Using the Chase Ink Business Preferred Card

Your business can earn Chase Ultimate rewards across a variety of different spending categories. This makes it a flexible and valuable card for small business owners.

• Earn 3x points per dollar spent in eligible spending categories. (Up to the first $150,000 spent annually. Then 1x points until your year resets.)

There are many business purchases you can make which will fall into the various assigned rewards categories, making Chase Ink business credit cards a great option for both small and large business owners. Here are the categories which will allow you to earn rewards:

• Business Shipping purchases.
• Your phone, internet, and cable spending.
• Travel purchases for business trips.
• Advertising costs for business promotion on search engines and social media.

You will be able to earn 3x points per dollar up to the threshold of $150,000 spending. Your year begins when you first open your account, so this spending threshold will be renewed for each year that you renew your card.

How Much Are Chase Ultimate Rewards Worth?

The Chase Ink business card benefits points are valued at approximately 2 cents each per point. So, if your current business spending level is currently $150,000 on purchases within the spending categories, you could see substantial savings. With three points on each dollar, you’ll be able to earn 450,000 ultimate rewards points annually. When redeemed with partners, this could see an extra $9,000 in travel and hotel savings for your company!

How to Maximize Your Chase Ink Business Preferred Rewards

Your rewards points will provide maximum value for your business when you redeem them with Chase travel partners through the Ultimate Rewards Program. This could lead to a high level of savings for your company throughout the year. The travel partners for Chase Ink Business credit cards are:

• JetBlue TrueBlue
• Southwest Airlines Rapid Rewards.
• United MileagePlus
• British Airways Executive Club
• Virgin Atlantic Flying Club
• Air Canada Aeroplan
• Emirates Skywards
• IHG Rewards Club
• Iberia Plus
• Flying Blue Air France
• Singapore Airlines KrisFlyer
• Aer Lingus Aer Club
• World of Hyatt
• Marriott Bonvoy

You should be able to transfer and redeem these points instantly, meaning that you don’t need to wait around to start making savings on your travel spending. Points can also be redeemed using the Chase Travel portal to book car rentals, hotels, and flights; although the value of each point can vary according to where you choose to spend it.

Takeaway - Chase Ink Business Preferred Credit Card Review: A great all-around business card

If you are a small business owner then the Chase Ink Business Card benefits make this a smart choice. The annual fee is modest enough for you to make savings with points redemptions and benefits even if you aren’t yet spending $150,000 a year. These Chase Ink Business credit cards also have a reasonable enough spending limit to make them a viable choice for freelancers.

Applying for the Chase Ink Business Preferred card could see your company making substantial savings on travel and hotels simply by spending the money your company already does. This makes it a smart choice for many US businesses of all sizes.