Chase Ink Business Preferred Review: $95 Fee, 100K Points, 3x Categories

The Ink Business Preferred® Credit Card continues to be one of the most rewarding and compelling business cards out there, and is part of the excellent collection of Chase Ink Business credit cards. There’s not another business card out there that offers the same combination of a huge welcome bonus, generous return on spending, and useful perks, all while having such a low annual fee.

This is my in-depth Chase Ink Preferred review, so let me talk a bit more about why this is one of my favorite small business credit cards.

More from OMAAT Chase Ink Business Unlimited Review: 75K Bonus, 1.5x Points, & No Annual Fee Read more

Link: Learn more about the Ink Business Preferred® Credit Card with 100K bonus points

Chase Ink Business Preferred Card summary & key details for October 2026

Before I get into my in-depth Ink Business Preferred Card review, here’s a broad look at the card and its key features:

• Chase Ink Business Preferred Card annual fee: $95
• Chase Ink Business Preferred Card welcome bonus: Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
• Chase Ink Business Preferred Card rewards: 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 5x total points on Lyft rides through September 30, 2027.
• Chase Ink Business Preferred Card foreign transaction fees: None
• Chase Ink Business Preferred Card perks & benefits: Cell phone protection, primary rental car insurance, complimentary access to DashPass for a minimum of one year when you activate by December 31, 2027
• Best for: Small business users who value Chase points and don’t want to pay a premium-level annual fee, or those who want to maximize their Ultimate Rewards earnings by pairing the Ink Business Preferred with their existing cards

Here’s what stands out to me as far as the Ink Business Preferred Card pros and cons go:

Chase Ink Business Preferred Card bonus & fees

The Ink Business Preferred Credit Card is one of the all-around best and most well-rounded business credit cards out there, in my opinion. When people apply for cards, they’re often focused on the welcome bonus, the eligibility requirements, and the annual fee, so let’s start by taking a look at those details.

Chase Ink Business Preferred Card welcome bonus

The Ink Business Preferred Card is offering a welcome bonus of 100,000 Ultimate Rewards points after spending $8,000 on purchases within the first three months.

Based on my latest miles & points valuations, Ultimate Rewards points are worth 1.7 cents each, so to me, 100,000 Ultimate Rewards points are worth $1,700. This is a phenomenal offer, and among the best welcome bonuses on any business credit card.

Chase Ink Business Preferred Card annual fee

The Chase Ink Business Preferred has a $95 annual fee, which is among the most reasonable annual fees you’ll find on a premium business card. You can add employees to your card at no extra cost, meaning you can also earn points for their spending at an accelerated rate.

That’s especially affordable when you factor in all the perks and bonus categories. As a point of comparison, I also really like the American Express® Business Gold Card (learn more) (Rates & Fees), which is the Amex business card with the best bonus categories. However, that card has a much higher annual fee.

Chase Ink Business Preferred no foreign transaction fees

The Chase Ink Business Preferred has no foreign transaction fees, so it’s an ideal card for purchases abroad.

Chase Ink Business Preferred Card eligibility & how to get approved

Every credit card comes with its own eligibility terms, though fortunately the Chase Ink Business Preferred Card has among the less restrictive terms. As you’ll see when you look at the offer terms for the card, here are the rules:

The new cardmember bonus may not be available to you if you have ever had this card. We may also consider factors pertinent to your business in determining your bonus eligibility.

If you want to be approved for a Chase Ink Business Card there are some general restrictions to be aware of:

• The Ink Preferred is subjected to Chase’s “5/24 rule,” meaning you typically won’t be approved for the card if you’ve opened five or more new card accounts in the past 24 months. However, business credit card applications often don’t count toward your limit, though it’s still useful to be aware of this rule.
• You’re eligible for the Ink Business Preferred Card if you have the Ink Business Unlimited® Credit Card (learn more), Ink Business Cash® Credit Card (learn more), and/or Sapphire Reserve for Business℠ (learn more), as those are considered to be separate products
• While there’s no hard limit to how many Chase credit cards you can have, there is often a limit to how much total credit Chase will extend you
• Generally, I recommend only applying for one Chase business card every 30 days at most

My experience applying for the Chase Ink Preferred Card

I applied for the Chase Ink Business Preferred Card as a sole proprietorship a couple of years back. Chase’s business card applications are pretty straightforward. The first section just requires completing personal information, which is pretty standard for any credit card application.

The next section asked for business information. You should always answer credit card applications truthfully. Here’s how I went about that, applying for my sole proprietorship:

• For legal business structure, I selected “sole proprietorship”
• For the legal business name, you can just use your name
• For the tax ID type, I selected social security number, and entered that
• Then I entered the information about number of employees (one), business phone number (same as my personal number), business establishment date, and business revenue
• For the business category, I selected “professional, scientific, tech services,” and then for the business type I selected “other prof, scientific, & technical svcs,” and then for the business sub-type I selected “other professional/sci/tech services”

I submitted my application, and found that I was instantly approved. In my experience, instant approvals on Chase cards (particularly business cards) are pretty rare, so I was really happy to see that!

Chase Ink Business Preferred Card rewards structure

One of the things that makes the Chase Ink Preferred Card so great is that it offers a lucrative points earning structure, as you can earn up to triple points on many purchases. It’s just as impressive on the redemption end, too.

Chase Ink Preferred 3x points bonus categories

The Ink Business Preferred Card offers 3x points in several useful categories that your business may spend quite a bit in, including:

• Travel
• Shipping purchases
• Internet, cable, and phone services
• Advertising purchases made with social media sites and search engines

Those are some extremely useful and widespread bonus categories for most businesses. The “travel” category covers all kinds of things, from flights, to hotels, to rental cars, to parking, to ridesharing.

A lot of businesses have internet and phone service expenses, so you can earn triple points in those categories as well. If you’re a business that spends a lot on social media or search engine advertising (i.e., Facebook or Google), that could pay off very nicely as well. See here for an exact breakdown of what’s included in each category.

Based on my valuation of points, that’s like earning a return of ~5.1% on spending in those categories, which is exceptional. In my opinion there’s not a more well-rounded business card out there in terms of the rewards you’ll get, and this card “only” has a $95 annual fee.

Chase Ink Business Preferred $150,000 annual bonus limit

You’re capped on earning 3x points with the Chase Ink Business Preferred on the first $150,000 spent in the above categories combined every account anniversary year. That means Chase isn’t using a January 1 through December 31 calendar, but rather, it’s based on a rolling 12 months from when you opened your account.

Redeeming Chase Ink Business Preferred points

The Ink Business Preferred Card earns Chase Ultimate Rewards points, which are one of the most valuable points currencies out there. There are two ways you can efficiently redeem those toward travel rewards:

• Points can be redeemed for up to 1.75 cents per point with Points Boost through Chase Travel℠
• Points can be transferred to over a dozen hotel and airline loyalty programs; however, be aware that transfers from the Ink Business Preferred to World of Hyatt are now at a 4:3 ratio, rather than a 1:1 ratio

The Ultimate Rewards airline and hotel partners can be found below.

In general, my favorite use of Ultimate Rewards points is transferring them to airline and hotel partners, where you can get outsized value for aspirational redemptions. For example, you can redeem for first and business class tickets that would cost thousands and thousands of dollars if paying cash, or for luxury hotels that would cost $1,000+ per night.

For example, you could transfer miles to one of the Ultimate Rewards airline partners so you could redeem for ANA’s incredible first class, when a one-way ticket would often cost $10,000+.

Chase Ink Business Preferred Card benefits

As you can see above, the Chase Ink Preferred Card offers an incredible sign-up bonus and huge 3x points earning categories. But the benefits of this card go way beyond that.

Let’s look at some of the other benefits the Ink Business Preferred offers, ranging from rental car coverage, to an amazing cell phone protection plan. In all cases, you’ll want to consult your cardmember agreement for full details.

Chase Ink Business Preferred cell phone protection

With how expensive smartphones are nowadays, there’s a lot of value to having a credit card with cell phone protection, and that’s something that the Ink Business Preferred Card offers.

The Ink Preferred offers up to $1,000 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 Ink Preferred. You can have a maximum of three claims in a 12 month period, and there’s a $100 deductible per claim.

On top of that, when you charge your cell phone bill to the Ink Preferred, you’ll be earning triple points on that purchase.

Chase Ink Preferred rental car collision damage waiver coverage

The Ink Business Preferred Card offers primary collision damage waiver (CDW) coverage for rentals of most types of vehicles in most countries. This is one of the best credit card rental car coverage & insurance policies you’ll find:

• This is valid when renting globally for business reasons, and is valid outside the United States when renting for personal reasons as well
• Decline the rental company’s collision insurance and charge the entire rental cost to your card

There aren’t any countries that are specifically excluded from coverage through Chase cards, but the benefits guide does note that “coverage is not available where it is prohibited by law or by individual merchants, or is in violation of the territory terms of the rental agreement.”

You can confirm coverage for a particular trip by contacting the benefits team at 877-631-0919. Coverage is primary globally when renting for business purposes, while it’s primary internationally for personal rentals, and secondary in the United States for personal rentals. According to the benefits guide, the coverage provides reimbursement up to $60,000 for theft and collision damage for most rental vehicles with an MSRP of $125,000 or less.

When renting a car you’re also potentially earning triple points on your car rental by charging it to the Ink Preferred, since this qualifies as travel.

Chase Ink Business Preferred extended warranty & purchase protection

With the Chase Ink Business Preferred you can extend the time period of a United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.

The card also offers purchase protection for new purchases for 120 days from the date you bought it. This coverage kicks in for theft or damage, with a limit of $10,000 per item.

Chase Ink Business Preferred trip cancellation & interruption insurance

The Chase Ink Business Preferred offers potentially valuable travel coverage. If your trip is cancelled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per covered traveler and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.

For example, I really like the trip delay coverage. If your trip is delayed by 12 hours or more, you can get up to $500 reimbursed for hotel accommodation, meals, and transportation. You just need to pay for the travel with your card, or with your Ultimate Rewards points.

Chase Ink Business Preferred baggage delay insurance

The Ink Business Preferred Card offers reimbursement of up to $100 a day for up to five days when your baggage is delayed by more than six hours. The reimbursement can be used for essential purchases like clothes and toiletries that you can’t access while your luggage is MIA.

Chase Ink Business Preferred lost luggage reimbursement

If your luggage is not just delayed but ultimately lost, the Ink Business Preferred provides reimbursement of up to $3,000 per covered traveler for the cost to replace items in your bag. You’ll need to pay for your trip with the Ink Business Preferred Card to be eligible for this coverage.

Chase Ink Business Preferred travel accident insurance

The last item I’ll mention in the card’s long list of travel protections is travel accident insurance. This benefit gets you up to $500,000 in accidental death or dismemberment coverage when you pay for your transportation using the card. It’s one of the more morbid benefits — and one that you’ll hopefully never even have to think about — but it’s another example of how comprehensive the Ink Business Preferred Card is when it comes to travel coverage.

Chase Ink Business Preferred DashPass membership

The Ink Business Preferred Card also comes with a complimentary DoorDash DashPass membership. This membership gets you $0 delivery fees and reduced service fees on eligible orders. You need to activate this benefit by December 31, 2027, and you’ll get it for a minimum of one year.

Another DashPass perk is up to $10 off each month on one grocery or retail DoorDash order. This can be an easy way to put a bit of money back in your wallet if you already use the delivery app.

Pool points with Chase no annual fee cards

While the Ink Business Preferred Card, Chase Sapphire Preferred® Card (learn more), Chase Sapphire Reserve® Card (learn more), and Sapphire Reserve for Business℠ (learn more), are valuable alone, they also make other cards more valuable.

Chase has four fantastic no annual fee cards that can earn Ultimate Rewards points. I’m talking about the:

• Chase Freedom Flex® (learn more)
• Chase Freedom Unlimited® (learn more)
• Ink Business Cash® Credit Card (learn more)
• Ink Business Unlimited® Credit Card (learn more)

The catch is that not all Ultimate Rewards points are created equal. By having the Ink Business Preferred, you can convert the points earned on the no annual fee cards (where one point is ordinarily worth a penny) into “premium” Ultimate Rewards points.

These can then be transferred to the Ultimate Rewards airline and hotel partners. Personally I value these points at ~1.7 cents each, so having the Ink Business Preferred makes other cards more valuable as well. That’s a major reason to have an Ultimate Rewards card with an annual fee.

One caveat is that since October 1, 2026, points transferred to World of Hyatt from the Ink Preferred or Sapphire Preferred only move at a 4:3 ratio, while the Sapphire Reserve and Sapphire Reserve Business keep the 1:1 transfer ratio. So if Hyatt is your main redemption, one of the Reserve cards is a better hub card to build your Ultimate Rewards strategy around.

Is the Chase Ink Business Preferred card worth it?

While I think the Chase Ink Preferred is the most well-rounded business credit card out there, it’s not necessarily for everyone. So I’d like to look at some comparable cards and share my thoughts on which makes the most sense.

Sapphire Preferred vs. Ink Business Preferred comparison

Since both are Chase cards and have “Preferred” in the name, I figured it made sense to compare the Ink Preferred to the Chase Sapphire Preferred® Card (learn more). What’s different about these cards?

• The Ink Preferred is a business card, while the Sapphire Preferred is a personal card
• The Ink Preferred has a bonus of 100K points after spending $8,000 within three months, while the Sapphire Preferred has a bonus of 75K points after spending $5,000 within three months.
• The Ink Preferred offers up to 3x points on travel and other categories; the Sapphire Preferred has the advantage of offering 3x points on dining and online groceries
• The Ink Preferred offers cell phone protection, while the Sapphire Preferred doesn’t
• The Sapphire Preferred offers a $100 annual hotel credit, while the Ink Preferred doesn’t

I’m simply comparing these two cards because both have “Preferred” in the name, though I think the Ink Preferred is a significantly more well-rounded card.

The Ink Cash & Ink Unlimited make great complements

While the Ink Business Preferred is one of Chase’s more premium business credit card, there’s also the Ink Business Unlimited Credit Card (learn more) and Ink Business Cash Credit Card (learn more). These two cards are excellent complements, and it can make sense to pick up one of them. The other two cards offer strong welcome bonuses, have no annual fee, and offer excellent bonus categories:

• The Ink Business Cash offers a bonus of 75,000 Ultimate Rewards after spending $6,000 within the first three months
• The Ink Business Unlimited offers a bonus of 75,000 Ultimate Rewards after spending $6,000 within the first three months
• The Ink Business Unlimited offers 1.5x points on all business purchases, so this is one of the best business cards for everyday, non-bonused spending
• The Ink Business Cash offers 5x points on the first $25,000 of combined purchases each account anniversary year at office supply stores and on internet, cable, and phone services, and 2x points on the first $25,000 of combined purchases each account anniversary year at gas stations and restaurants

See here for a full comparison of the three Chase Ink cards.

Ink Business Preferred alternatives that earn cash back

While I think the Chase Ink Business Preferred is useful for most businesses, there is one exception. If you’re looking for a cash back business card, I wouldn’t recommend the Ink Business Preferred long term, as it’s more geared to those looking for travel rewards.

If you want to earn cash back, consider a card like The American Express Blue Business Cash® Card (learn more), which has no annual fee and offers 2% cash back on all eligible purchases on the first $50,000 of purchases each calendar year, 1% thereafter (Rates & Fees).

Alternatively, if you have a business with a lot of spending, consider the Capital One Spark Cash Plus (learn more). The card offers a huge welcome bonus, unlimited 2% cash back, and when you spend $150,000 or more on the card in a year they’ll refund the $150 annual fee.

Chase Ink Business Preferred Card FAQs

Bottom line

The Chase Ink Business Preferred Card is the single most well-rounded business credit card out there, in my opinion. The card offers a massive welcome bonus, incredible 3x points categories for common spending categories for businesses, and amazing protection, ranging from rental car damage to cell phone protection to purchase protection.

Arguably, the Ink Business Preferred is also the ideal card to use as a “hub” for your Ultimate Rewards points, in particular to maximize the value of other no annual fee cards (unless Hyatt is your main redemption, given the 4:3 transfer ratio). Assuming you can complete the minimum spending, I’d highly recommend applying for the Ink Business Preferred.

While I’d say this card isn’t worth it for someone strictly looking for cash back, otherwise you simply can’t go wrong with the Chase Ink Business Preferred, in my opinion.

If you have the Ink Business Preferred, what has your experience been with the card?

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: American Express® Business Gold Card (Rates & Fees), and The American Express Blue Business Cash® Card (Rates & Fees).