15 Things I Love about the Chase Ink Business Preferred Card

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Ink Business Preferred℠ Credit Card

This is strongest-earning small business card and the card with the most valuable signup bonus. And it’s a $95 annual fee card, not a $450 annual fee card. Many readers can get a business card and probably should.

Here are 15 things I love about the new Ink Business Preferred:

  1. 80,000 Point Signup Bonus

    Spend $5000 on your new card within 3 months and you’ll get 80,000 points. As you’ll see below, that can even be enough for a roundtrip business class award ticket between the US and Europe. (Chase points are super valuable because they transfer directly to a variety of airlines and hotels.)

  2. 3 Points Per Dollar on Travel

    Chase points are one of the most valuable currencies and you’ll earn 3 points per dollar on travel — that’s airlines, hotels, rental cars, tolls, even Uber.

    As a result this displaces, for instance, a Citi Prestige Card which generously provides 3 points per dollar on air and hotel spend — because a Chase point is more valuable overall than a Citi point thanks to its transfer partners.

  3. 3 Points Per Dollar on Shipping and Advertising on Social Media and Search Engines

    This is great for anyone who advertises on Facebook or Twitter, or who spends money advertising with Google. And those bills add up quickly. Earning triple points on that spend is going to be a really big boost.

  4. $150,000 spend cap on bonus categories

    Previously Chase’s business cards capped category bonus spend at $25,000 or $50,000 in a year. Being able to keep spending on this card in a big way is a great move for Chase to encourage not just a little bit of spend but a lot of spend through the product, and to let you keep earning big bonus points.

  5. $600 protection against theft or damage for your cell phone.

    Get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred credit card. Maximum of 3 claims in a 12 month period with a $100 deductible per claim.

    Now, I got my cell phone’s cracked screen covered when I paid for it with my Chase Sapphire Preferred Card — but that was purchase protection, cracked the screen shortly after I purchased the phone.

    This benefit though is significant, since it’s real ongoing cost savings as well: those of you who pay to insure your phone against damage could consider pocketing cash savings every month if you paid your bill with this card.

  6. You can get more than one Ink Business Preferred Card if you have more than one business.

    Chase won’t approve this for everyone, of course, they’ll consider how much credit they wish to extend to you. But they don’t limit you to one card if you have multiple businesses.

  7. Ultimate Rewards Mall

    Additional points for your online shopping through access to the Chase Ultimate Rewards mall, a mileage-earning shopping portal that often has the most lucrative opportunities to earn extra points for the online purchases you’d make anyway.

  8. Points transfer to Singapore Airlines — one of the best airlines in the world, with great premium cabin availability, stopovers for a fee even on one-way awards, and very low fees

    It’s very rare indeed that you can ever use miles from Star Alliance partner programs like United MileagePlus, Aeroplan, or LifeMiles for long haul premium cabin travel on Singapore. But Singapore offers members using their own miles better award availability on most of their routes. Earlier this year I booked Suites Class for 2 passengers from Sydney to Singapore and also from Singapore to Paris.

    There are no fees for telephone booking. There are no fees for close-in award redemption. There are no fees for changing the time or date of travel on a Singapore Airlines award.

    Award cancel and redeposits cost $30. And they’ll warn you about penalties if you fail to cancel or change your ticket at least 24 hours prior to departure — if you no show and don’t bother to call, and still want your miles back, that will cost just $75.

  9. Points transfer to Korean Air — the airline with the most first class saver awards in the world

    They make great first class award space available to their members. Korean and Delta are partners, but since Delta SkyMiles members cannot redeem their miles for international first class (on any airline) there’s very little competition for the space.

    And not just one or two first class award seats either, I have frequently seen 4 seats on Los Angeles and New York JFK flights.

    Korean flies to Atlanta; Chicago; Dallas; Honolulu; Houston; Las Vegas; Los Angeles; New York JFK; San Francisco; Seattle; and Washington Dulles. With all their US gateways you can almost always find award space to and from Asia.

  10. Korean Air points can be used for business class travel between the US and Europe

    Korean charges just 80,000 miles roundtrip. This means flying on their SkyTeam partner airlines like Delta, Air France and KLM. That’s a 36% savings on the 125,000 miles that Air France KLM Flying Blue charges (and don’t even get me started on Delta). In my experience you have access to the same saver award space that these airlines make available to their partners, too.

  11. Korean Air also offers great value awards to Hawaii

    They partner with Alaska Airlines and Hawaiian Airlines. Flights between the US mainland and Hawaii (or Mexico) are 30,000 miles roundtrip in coach and 60,000 in first.

  12. Points transfer to United Airlines MileagePlus

    United is one of the few airlines in the world that does not add fuel surcharges onto any awards and because that gives you access to availability across the Star Alliance and with easy online bookings.

  13. Points transfer to Air France which offers great business class award availability and discounts on awards up to 50%.

    They make far more award space available on Air France and KLM flights to their own members than they do to partners. I find really good space between the US and Europe, even on West Coast routes.

    Flying Blue offers promo awards each month, discounting certain markets 20% – 50% to anywhere Air France flies in Europe and Europe includes Israel.

  14. Points transfer to Hyatt which gives you access to high-end hotel redemptions, reasonably-priced suite awards, and room upgrades with points.

    Hyatt Gold lets you redeem ~ 60% more points than a standard room for a suite on a free night. And Hyatt lets you spend 6000 points per night on a qualifying paid rate stay to upgrade to a suite — at booking. And that 6000 point price is the same regardless of the price level of a hotel.

    You do have to pay the standard or Hyatt daily rate to use points to upgrade a paid reservation to a suite, and at a resort you have to book at least a deluxe room to be eligible to use points for upgrades. And free nights in suites require a minimum 3 night stay.


    Park Hyatt Aviara

  15. Points transfers with most airline and hotel partners are instant.

    This is great because you don’t risk awards disappearing this way. And you don’t need to transfer points to an airline or hotel program until you need them, since transfers happen quickly. (Singapore Airlines transfers in my experience take 12-24 hours but have taken as long as 36 — which is ok since Singapore has let me put awards on hold, then I’ll transfer the points).

“5/24 limits” apply to the card. That’s not a surprise, there are cards that Chase won’t give to some people who have had 5 or more new cards within the last 24 months. This doesn’t apply to everyone, but it does apply to many.

Ink Business Preferred℠ Credit Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. no argument. We recently got our Preferred, phasing out Ink Bold, and that 80k is covering my wife’s upcoming LAX-SYD ride. I would value that very conservatively at about $2500.

  2. Re #11, I find it rather difficult to see award travel to Hawaii using KE unless you are traveling mid-week or some other offpeak time, but I like that KE allows awards on either Hawaiian or Alaska, household pooling and a 10 year expiration.

  3. My understanding on the 5/24 rule with this card is that you have to be under 5/24 to get the card, BUT the card then won’t count toward 5/24 for later Chase cards since it’s a business card (sorta like the Marriott Business in that that card does NOT require 5/24 for approval since it’s one of those oddly exempt co-brands, and will also not count against 5/24 later as a business card).

    So a bit of a “freebie” if you get this card first when you’re in 5/24 limits.

  4. Fifteen things is a lot of things to love about a credit card. I would be hard pressed to come up with 15 meaningful things I love about my girlfriend (as she probably would about me).

    At the next cabinet meeting Trump should ask each person to list all of the things they love about him. They would be falling all over themselves to come up with the longest suck up list. I think Pence would win. He his ever adoring gaze makes him look like he is in love with Donald.

  5. It might be useful to post the regulatory protections that are not in place with those using business cards. Also, it seems odd to me that a card with a 3X travel bonus still has FOREX fees. Does Chase want me to use it for travel or not?

  6. Is the transfer to United at 1:1 or some other ratio? So, if I pay for UA travel with Ink rather than my UA card and the transfer is 1:1 then, effectively, I get 3x the miles?

  7. This card offers the same 3x UR travel points as the Sapphire Reserve with addtl UR bonus categories & protections at a much lower fee.

    Are there any good reasons, Gary, not to PC my CSR (to a CFU I don’t have & want) & open this card to replace my CSR? In other words, any compelling reason even to keep my CSR if I have the IBP? Thank you!

  8. @mjs – Hubby is way past 5/24 and got the Ink Preferred after jumping through a lot of hoops.

    He still has 2 Ink Cash cards and a biz Marriott with Chase. After a couple of days of back and forth, they approved him and let him move some credit limit around.

  9. I applied for this card last night and was told to call in. I do some consulting on the side and used this as my business (15 year history). They said they were unable to verify my business name/address combo. They offered a few ways to do this: provide a utility bill in the business name, register the business with the state (Mass.), or a tax return.

    I’m going to to the city this afternoon to sign up for a business certificate which I’ll be able to fax to Chase tomorrow.

    I’ve never had a problem getting a biz card before so I thought I’d share my experience.

  10. @John I do not know about this card but got the Amex Biz gold for my non-profit. Because I already had one for my for-profit company, we had to use a different person as the master cardholder. So I’m an authorized user with my own Amex biz gold card even though I’m president. I didn’t care as long as we got the points. Also @GaryLeff.. .to help my daughter get the Ink card, I spent $5K on a tv station ad buy (I have a media buying agency) and was shocked when she received 15K points (3x). So I’m now wondering how specific they are with “social media and search”. They might credit all advertising as 3x.

  11. Maybe I’m missing something but I’m not sure I understand the excitement.

    The signup bonus I’m about to get for Ink Preferred is fantastic but after I year I don’t plan to pay the renewal fee.

    I already earn 5x on Airlines from simply cash, 3x on shipping from simply cash plus, 5x on internet & phone from ink plus. 3x on travel is better than the 3x from Citi premier but only slightly. The main bonus category this fills for me is my eBay seller account which I’ve heard earns 3x.

    If Plastiq still works at 3x somehow that would be great but I thought it was mostly dead???

  12. Gary, old thread but hoping you’ll see this.

    I’m looking at the terms for the cell phone coverage – its not “primary” coverage. In other words, you must exhaust your homeowners insurance first.

    That make the cell phone coverage pretty useless, like rental car coverage that is not primary.

  13. I would be interested in better understanding how Flying Blue offers any reasonable value. Every time I have tried to use my miles with them it has quoted me an absolutely absurd amount (yesterday tried to use KLM on JFK-CGK and it quoted me well over 1,250,000 miles in J!).

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