Ink Business Preferred℠ Credit Card Review

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Our Detailed Review of This Card

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The Ink Business Preferred℠ Credit Card is a good choice for businesses interested in a flexible rewards card with a generous intro bonus.

With a whopping 80,000 point intro bonus after spending $5,000 in the first 3 months — worth $1,000 in travel or $800 in cash! — the Ink Business Preferred℠ Credit Card really starts off strong. Other cards that have intro bonuses near this one charge annual fees in the $450 to $500 range, so this may be the best intro bonus out there for those who will spend enough to earn it. Cardholders will also rack up ongoing rewards by earning 3 points per $1 on the first $150,000 spent in combined purchases in the following categories: travel, shipping purchases, Internet, cable and phone services and ad purchases made with social media sites and phone service. All other purchases will earn an unlimited 1 point per $1 spent. Extra employee cards are free, which makes it easy to earn more points and to consolidate those point earnings. And there are no foreign transaction fees, which helps save on costs when making purchases outside the country.

The Ink Business Preferred℠ Credit Card’s redemption possibilities are very flexible. If you choose to redeem your earned points for cash, gift cards or through, they are worth one cent ($0.01 per point), meaning 100 points equals $1 in redemption value. However, if you decide to use your points for travel, each point is worth one and a quarter cents, or $0.0125, which means that 100 points is worth $1.25. An easier way to think about the travel value is that your points will be worth 25% more if you redeem them for travel through the Chase Ultimate Rewards online portal. You can also choose to move your points over to either your own or your spouse/domestic partner’s Chase Freedom®, Chase Sapphire Preferred® or Ink Business Cash Credit Card for free and combine them for all the travel options available via Chase Ultimate Rewards.

Other card perks include up to $600 in mobile phone protection against covered theft or damage for you and your employees when you purchase the phone with your Ink Business Preferred℠ Credit Card ($100 deductible and a 3 claim per year max). There’s also extended warranty protection, purchase protection and trip cancellation insurance. And if you live by your smartphone, the Ink Mobile App will help you manage your purchases with instant purchase alerts, and provide the ability to file receipts and manage employee spending. The card does have an annual fee of $95, but it’s likely your business purchases will more than offset the cost.

Overall, if you’re in the market for a flexible rewards card with a big intro bonus and mobile phone protection, the Ink Business Preferred℠ Credit Card might be the right choice for you and your business.

Redeem Rewards

  • Redeem your points for cash back, gift cards, travel and at

Fees and APR

  • Annual Fee: $95.
  • Foreign Transaction Fees: none.
  • Purchase APR: 18.24% - 23.24% variable.
  • Balance Transfer APR: 18.24% - 23.24% Variable.
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
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Disclaimer: The information related to Ink Business Preferred℠ Credit Card has been collected by and has not been reviewed or provided by the issuer of this card. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.