The Chase Ink Business Preferred® Credit Card stands out as one of the top small business credit cards available, offering a highly valuable welcome bonus and a reasonable annual fee of $95. Notably, it allows members to earn flexible Chase Ultimate Rewards® points, which can be used for travel through Chase’s portal or transferred to 14 airline or hotel loyalty partners for additional value.
Key Benefits:
- Welcome Bonus: Earn 120,000 points after spending $8,000 in the first 3 months—equal to $1,200 cash back or $1,500 for travel through Chase TravelSM.
- Reward Structure: 3X points per $1 on the first $150,000 spent on categories like travel and advertising per account anniversary, and 1X point on other purchases.
- Travel Perks: Includes primary auto rental collision damage waiver, trip delay, baggage delay, and trip cancellation insurance.
- Cell Phone Protection: Up to $1,000 per claim for cell phone damage or theft, with a $100 deductible.
Additional Features:
- Free employee cards.
- No foreign transaction fees.
- Points worth 25% more when redeemed for travel via Chase’s portal.
Pros & Cons:
- Pros: Robust travel and purchase protections, generous welcome bonus, and no fee for foreign transactions.
- Cons: $95 annual fee, no introductory 0% APR for purchases or balance transfers.
Comparisons:
- Chase Sapphire Preferred® Card: Similar reward structure but offers a lower welcome bonus and focuses on everyday spending categories.
- Ink Business Cash® Credit Card: No annual fee and different bonus categories, with a compelling welcome offer that can convert to Ultimate Rewards points if paired with another Chase card.
Ideal for:
Small business owners aiming to maximize travel rewards and those seeking a card with comprehensive travel and purchase protections.
Bottom Line: The Chase Ink Business Preferred Credit Card offers exceptional value for small business owners, with substantial rewards and benefits that justify its annual fee. For those seeking no annual fee, the Ink Business Cash Credit Card is a noteworthy alternative.
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Original Story https://www.cnbc.com/select/chase-ink-business-preferred-credit-card-review/
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