How Does LendingTree Get Paid?
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How LendingTree Gets Paid

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Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

Sign Up Bonus
Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
Rewards Rate
Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
Bonus Perks
Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
Edited by
Julie Sherrier
Reviewed by
Tracy Brackman
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Ink Business Preferred℠ Credit Card best for?

If you’re a small business owner looking to earn a huge influx of rewards on company expenses that can be redeemed for travel and more, you should look at the Ink Business Preferred℠ Credit Card.

In addition to a very generous signup bonus, the card offers a high ongoing rewards program for purchases in popular business categories, such as travel, shipping, internet, cable and telephone services as well as social media and search engine advertising purchases.

The Ink Business Preferred℠ Credit Card has a very reasonable $95 annual fee, given the plethora of benefits that come with the card.

Ink Business Preferred℠ Credit Card overview

    • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
    • 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 Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
    • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
    • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
    • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
    • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account
    • $95 Annual Fee
  • Credit needed:
    750 850
    Excellent
  • Free employee cards
  • Cellphone protection
  • Trip cancellation/trip interruption insurance
  • Auto rental collision damage waiver
  • Purchase protection
  • Extended warranty protection
  • $0 foreign transaction fees

Intro Purchase APR

N/A

Intro BT APR

N/A

Annual Fee

$95

Regular Purchase APR

15.99%-20.99% Variable

Cash Advance Fee

Either $15 or 5% of the amount of each transaction, whichever is greater.

Foreign Transaction Fee

$0

Balance Transfer Fee

Either $5 or 5% of the amount of each transfer, whichever is greater

Pros and cons

Pros

  • Signup bonus
  • Rewards program geared toward business expenses
  • 1:1 point transfer to top travel loyalty programs
  • Cellphone protection
  • Extended warranty and purchase protection
  • Auto rental collision damage waiver

Cons

  • Annual fee
  • No intro APR offers
  • Balance transfer fee

What we like about the Ink Business Preferred℠ Credit Card

  • Signup bonus

    The Ink Business Preferred℠ Credit Card comes with a very lucrative sign-up bonus offer – especially when redeemed for travel through Chase Ultimate Rewards®.

    Cardholders earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. If you redeem those points for cash or gift cards, they will be worth $1,000. Or, if you redeem them for airfare, hotel stays, car rentals, activities or cruises through Chase’s travel portal, they are worth 25% more, or $1,250.

    Ultimate Rewards points can be redeemed for cash, gift cards, travel or merchandise.

  • Rewards program

    Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.

    The travel category includes airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, taxis, toll bridges, parking lots and more.

    The shipping category is defined as merchants that specialize in mailing packages, hauling freight and transporting goods or documents, such as couriers, postal and freight shipping companies, express shipping services and mailbox stores.

    The internet, cable and phone services category includes internet, cable, satellite television and radio, cellular, wireless data and landline services purchases.

    Social media and search engine advertising covers social media websites (such as Facebook and Twitter) and search engines (such as Google AdWords and Microsoft Bing Ads) that advertise a business, brand, products or services.

  • Travel transfer partners

    Along with redeeming points for travel, cash back and more, cardholders can transfer Ultimate Rewards points at a rate of 1:1 to a several airline and hotel loyalty, including British Airways Executive Club, Emirates Skywards®, JetBlue TrueBlue, Southwest Airlines Rapid Rewards®, United MileagePlus®, Marriott Bonvoy™ and more.

  • Free employee cards

    Employee cards are available at no additional cost and set spending limits can be implemented to help business owners keep expenses under control, plus the added benefit of boosting rewards earnings on employee card purchases.

What to watch out for with the Ink Business Preferred℠ Credit Card

  • No intro APR offers

    Because the Ink Business Preferred℠ Credit Card does not offer an intro APR on purchases, you will be subject to an APR of 15.99%-20.99% variable if you don’t pay your balance in full each month.

    If you need to finance a large purchase, such as business travel or equipment for your company, you may be better off with a business credit card that doesn’t charge interest on purchases for a year or longer, such as the Ink Business Cash® Credit Card, which has a $0 annual fee.

  • Annual fee

    The Ink Business Preferred℠ Credit Card charges an annual fee of $95. However, the value you can get from the card’s sign-up bonus more than covers that amount during the first year of card membership.

Alternate business card

Compare it to the Ink Business Cash® Credit Card

Disclosures |
Ink Business Cash® Credit Card
Ink Business Cash® Credit Card
on Chase's secure site
0% Intro APR on Purchases for 12 months
13.24% - 19.24% Variable
$0
Earn 5% cash back on the first $25,000 spent in combined purchases
  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases
750 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


 
The Ink Business Preferred℠ Credit Card and the Ink Business Cash® Credit Card may have similar names, but when it comes to rewards, annual fees and intro APRs, the cards differ greatly.

For starters, the Ink Business Cash® Credit Card offers cash back instead of points: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

Cardholders also earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.

Although the Ink Business Preferred℠ Credit Card offers a much more valuable sign-up bonus than the Ink Business Cash® Credit Card, keep in mind that you are required to spend $15,000 in the first three months of card membership to earn that bonus – compared to just $3,000 in three months with the Ink Business Cash® Credit Card.

Additionally, the Ink Business Cash® Credit Card comes with a $0 annual fee.

If you’re planning to make a large purchase and pay it off over time, you can do so without incurring interest charges for a year with the Ink Business Cash® Credit Card. The card offers an intro APR of 0% Intro APR on Purchases for 12 months on purchases. Once the promotional period ends, a regular APR of 13.24% - 19.24% variable will apply to any unpaid portion of the balance.

Compare the Ink Business Preferred℠ Credit Card to similar cards

Comparison of four different credit cards
Ink Business Preferred℠ Credit Card Ink Business Cash<sup>®</sup> Credit Card American Express Blue Business Cash™ Card American Express<sup>®</sup> Business Gold Card
Ink Business Preferred℠ Credit Card Ink Business Cash® Credit Card American Express Blue Business Cash™ Card American Express® Business Gold Card
Apply Now
on Chase's secure site
Apply Now
on Chase's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on American Express's secure site
Terms Apply
Annual Fee
$95 $0 No annual fee $295
Welcome Offer
Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
Rewards Rate
Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month*
Intro Purchase APR
N/A 0% Intro APR on Purchases for 12 months 0% on purchases for 12 months from date of account opening N/A
Regular APR
15.99%-20.99% Variable 13.24% - 19.24% Variable 13.24% - 19.24% Variable 14.24% - 22.24% Variable
Recommended Credit
Excellent Excellent Excellent/Good Excellent
Card Details
Ink Business Preferred℠ Credit Card Ink Business Cash® Credit Card American Express Blue Business Cash™ Card American Express® Business Gold Card

Is the Ink Business Preferred℠ Credit Card right for you?

Ultimately, the best business credit card for you comes down to what you want to get from the card. For example, if you want to earn a large influx of rewards to help offset the cost of future business travel, the Ink Business Preferred℠ Credit Card will be the best fit.

Along with a generous sign-up bonus and rewards rate, the card offers valuable redemption options and a variety of travel transfer partners. Plus, you won’t incur additional charges when you use your card outside of the U.S.

If you prefer a $0 annual fee card that offers cash back at office supply stores, gas stations, restaurants and more, the Ink Business Cash® Credit Card may be a better choice. Additionally, the card offers a long intro APR on purchases, which will be helpful if you plan to carry a balance from month to month.

Apply Now
on Chase's secure site