When it comes to business credit cards, there’s one that stands out among the crowd: the Ink Business Preferred® Credit Card.
This card is designed for entrepreneurs and business owners who want to maximize their rewards and benefits.
BUT…it’s also for pretty much…everyone. Plus, it always has a solid welcome offer: Earn 90,000 bonus points after spending $8,000 in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠.
Y’all. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠.
💡If you’re turned off by the word “business” being in the card name, check out this article which helped thousands of Daily Drop readers open business cards last year. 😉
Let's dive into why this card might be the perfect addition to your wallet:
Pros and Cons
Let’s get into it, shall we?
Pros:
5X points per $1 on Lyft rides through March 2025
3X points per $1 on the first $150,000 spent on total purchases for these categories each year (then 1X per $1 after): shipping purchases, advertising purchases, internet, cable, and phone services, and travel
1X points per $1 on all other purchases
Cons:
The $95 annual fee
Why we’ve deemed the Ink Business Preferred® Credit Card the best Chase welcome offer:
When it comes to earning Ultimate Rewards and maximizing value for your business, this card is top-notch.
You’re talking:
3X points on business expenses: Travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines. This is a game-changer for business owners who spend heavily in these categories.
Chase Ultimate Rewards Points: Ultimate Rewards are worth 25% more when you redeem for travel through Chase Ultimate Rewards. For example, that means 100,000 points are worth $1,250 toward travel.
Cell phone protection: You can file up to three claims in a 12-month period, with a $100 deductible per claim. Perfect for keeping your business devices safe.
Access to the best-ever transfer partner list. Find that here.
Business owners, rejoice!
You’re getting at least $900 in value with a card that only has a $95 annual fee. That's amaaazing!
Apart from everyday business expenses, you’ve got:
Travel benefits: No foreign transaction fees make this card ideal for business trips.
Purchase protection: Covers new purchases for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account.
Extended warranty protection: Extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
In our humble opinion, the Ink Business Preferred is by far the best card option for business owners (in case we haven’t convinced you yet).
To wrap things up:
Me personally? I’m still building up my business credit card portfolio, so the Ink Business Preferred isn’t quite within my reach.
But, you best bet it’s on the wishlist.
Take it from someone who wants this card and can’t have it yet. If your business spends in the bonus categories, uses this card’s statement credits to offset the (mini) annual fee, and you have the credit score to be approved, please apply for both of us.
