The Ink Business Preferred® Credit Card is tailor-made for today's savvy entrepreneurs and businesses. Its strategic rewards system ensures that travel and vital business operations transform into rewarding experiences. Frequent travelers can find solace in its comprehensive travel protections, while the myriad of consumer protections is like a safety net for your purchases. The inclusion of free cards for employees underlines its commitment to business scalability. This card isn't just a financial tool; it's a partner that understands and champions modern business needs.
Ink Business Preferred® Credit Card Review
Updated: November 10, 2024
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Ink Business Preferred® Credit Card
On Issuer's Site
Rewards Summary
Earn 1X - 3X pointsEarn 3 points per $1 on the first $150,000 spent on travel and select business categories for each account anniversary year. Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn.
APR
20.74% - 26.74% VariableAnnual Fee
$95Recommended Credit
670-850 (Good to Excellent)Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Ink Business Preferred® Credit Card Overview
When selecting a credit card, thoroughly evaluating its features is necessary to ensure alignment with your financial goals and lifestyle needs.
- Rewards Rate: Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn
- Welcome Offer: Earn 90,000 bonus points after spending $8,000 on purchases in the first three months. This can be redeemed for $900 cash back or $1,125 toward travel through Chase Travel℠.
- Regular APR: 20.74% - 26.74% Variable
- Annual Fee: $95
- Introductory APR Offer: None
Important Card Details
The Ink Business Preferred® Credit Card promises benefits for the contemporary business landscape. MoneyGeek's analysis delves deeper into the card's key features, assessing their potential impact on everyday operations and long-term business strategy.
Welcome Offer
The Ink Business Preferred® Credit Card starts strong with an impressive welcome offer of 90,000 bonus points after spending $8,000 in the first three months. This significant bonus can translate into substantial value, especially for travel through Chase Travel℠. The upfront value, potentially exceeding $1,000 when redeemed strategically, can be an immediate boost for new cardholders, making it an attractive proposition for businesses looking to maximize their credit card rewards.
Lucrative Rewards Structure
With the Ink Business Preferred® Credit Card, you're looking at 3X points on select business categories and travel (up to $150,000 in spending each year), followed by 1X points on other spending. This structure favors those who spend heavily on the specified categories, including shipping, internet, cable and phone services and advertising, turning everyday business expenses into lucrative rewards. The high cap ensures that larger businesses can benefit, while the 25% points bonus when booking travel through Chase’s platform further amplifies the value. This combination forms a synergistic rewards mechanism that can greatly benefit diverse business needs.
Travel Protections
Travel is often a vital part of business, and the Ink Business Preferred® Credit Card cushions your journey with robust travel protections. This includes trip cancellation and interruption insurance, which can reimburse up to $5,000 per person and $10,000 per trip for unexpected situations like illness or adverse weather. The primary rental car insurance provides significant peace of mind. The seamless integration of these protections into the card's offerings adds a layer of security and convenience tailored for frequent business travelers.
Modest Annual Fee
You can view the annual fee of $95 as a modest investment due to the card's robust features and rewards: the high rewards cap, extensive travel and consumer protections, free employee cards and lack of foreign transaction fees. For businesses that can fully utilize the card's perks, the fee is easily justified and likely overshadowed by the accumulated benefits.
How the Ink Business Preferred® Credit Card Compares
Comparing the features and benefits of two credit cards can provide better insights into which card best aligns with your financial objectives and spending habits.
How This Card Compares
Ink Business Preferred® Credit Card
- Rewards Rate: Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn
- Welcome Offer: Earn 90,000 bonus points after spending $8,000 in the first three months.
- Regular APR: 20.74% - 26.74% Variable
- Annual Fee: $95
- Intro APR Offer: None
- Best For: Entrepreneurs and small to midsized business owners seeking robust reward structures and high-value welcome offers
American Express® Business Gold Card
- Rewards rate: Earn 4X Membership Rewards® points on the top two eligible categories where your business spends the most each month from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap. Earn 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card. And 1X is earned for other purchases.
- Welcome offer: Earn 100,000 Membership Rewards points after spending $15,000 on eligible purchases within the first 3 months.
- Regular APR: 18.74%-27.74% (variable Pay Over Time APR) See rates and fees
- Annual fee: $375 See rates and fees
- Intro APR offer: 0% Intro APR for 6 months on purchases eligible for Pay Over Time, then a variable APR of 18.74%-27.74% after that. See rates and fees
- Terms Apply
- See Rates and Fees
- Best For: Dedicated business spend strategists eager to optimize rewards in high-expenditure categories
For rates and fees of the American Express® Business Gold Card, please click here.
About Grace Pilling
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.
Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.