Update: This offer for American Express® Gold Card has expired. Learn more about the current offers here.
I consider the Ink Business Preferred℠ Credit Card to be the single most well rounded business credit card. If you’re looking for a card for your business, it’s tough to go wrong with the Ink Preferred — it offers the biggest welcome bonus of any credit card, the card offers 3x points in useful categories, and has some unique perks, including cell phone insurance.
I got this card in early October, and at the time wrote a post with five reasons why I got it.
While there are lots of great benefits, there’s one perk that I think is often overlooked, and that involves the card’s 3x points categories. The Ink Business Preferred offers 3x points on the first $150,000 spent every cardmember year in the following categories:
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines
The Ink Preferred’s 3x points on travel is extraordinary
While those are all great categories, I want to specifically point out how valuable I consider the 3x points on travel to be.
For many of us, one of the greatest perks of the Chase Sapphire Reserve® Card is that it offers 3x points on travel (with no caps). The fact that the Ink Business Preferred offers the same (with a cap) for just a $95 annual fee is a pretty incredible perk.
Keep in mind that Chase has a very broad definition of what constitutes travel:
Merchants in the travel category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages. Please note that some merchants that provide transportation and travel-related services are not included in this category; for example, real estate agents, educational merchants arranging travel, in-flight goods and services, on-board cruise line goods and services, sightseeing activities, excursions, tourist attractions, merchants within hotels and airports, and merchants that rent vehicles for the purpose of hauling. In addition, the purchasing of gift cards, points or miles does not qualify in this category unless the merchant has set up such purchases to be classified in the travel category.
A lot of businesses spend a significant amount on everything ranging from plane tickets to Ubers to lodging, and there’s not a single other business credit card that offers such a return in the generic “travel” category.
Actually, when you think about it, assuming most of your travel is for business, you could get the Ink Business Preferred to earn 3x Ultimate Rewards points on travel (with a lower annual fee than the Chase Sapphire Reserve® Card), and then you could get the American Express® Gold Card to earn 4x points for dining at U.S. restaurants, or if you wait, you can soon earn 5x points for dining globally with the Citi Prestige.
Everyone has different preferences as to the bonus categories from which they get the most value. Some companies spend a lot on shipping, while others spend a lot on advertising. However, for a small business, travel is often a huge expense, and earning 3x points on that with the Ink Business Preferred is an excellent return.
In many ways I might be reaching the point where I’m not spending a lot on my Sapphire Reserve anymore. Most of my travel is for “business,” so my tax guy sure will be happy that I can put more of my travel expenses directly on business cards to simplify things. Then I’ll earn 4-5x points on dining with other cards.
Does anyone else love the Ink Preferred 3x points on travel as much as I do?