Signing up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.
If you’re a small business owner, you can probably relate to the pain of having expenses eat away at your profits. Office supplies, cable bills, cell phone bills, marketing material… sometimes it seems like the bills never stop coming!
If you’ll be making these purchases for your business, why not earn the most rewards for it? Consider the Ink Business Preferred Credit Card, because in addition to strong earning rates for many purchases, you’ll receive a number of benefits that can save you a ton of money in the long run, such as cell phone insurance, extended warranty, and trip delay coverage.
And if you apply for the card right now, you can earn an intro bonus of 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases within the first 3 months of account opening. That’s worth $800 in cash back, $1,000 in travel when you book through the Chase Ultimate Rewards travel portal, and potentially much more when you transfer points to airline and hotel partners!
The card is geared for business owners, but you may already qualify as a business owner without realizing it. You can apply as sole proprietor using just your social security number.
I’ll walk you through some of the top-notch perks you’ll get being an Ink Business Preferred Credit Card cardholder!
A Welcome Bonus Worth at Least $1,000, With Other Benefits That Could Save You Even More!
Apply Here: Ink Business Preferred Credit Card
The Ink Business Preferred Credit Card currently has the highest welcome bonus of any Chase Ultimate Rewards card. You’ll earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases within the first 3 months of account opening.
Chase Ultimate Rewards points are our favorite because they’re incredibly flexible with a number of fantastic redemption options. The Ink Business Preferred welcome bonus is worth $1,000 in travel if you redeem your points through the Chase Travel Portal. But you can also transfer the points to any of Chase’s travel partners and get potentially much more value from flights, rental cars, and hotels.
You’ll also earn the following for your purchases:
- 3X Chase Ultimate Rewards points for every $1 you spend on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites, and search engines (up to a maximum of $150,000 in combined purchases per account anniversary year)
- 1X Chase Ultimate Rewards points on all other purchases
The $95 annual fee is NOT waived for the first year, but given the great earning rates and perks the card offers, you can easily come out ahead!
Here are some of the great perks on this card that can save you hundreds, and possibly thousands of dollars!
Chase Ink Business Preferred Benefits
Cell Phone Protection
Our smart phones are a huge part of our lives. It’s how we stay connected to everyone and keep productive, especially as a business owner!
If you accidentally drop your phone, spill something on it, or otherwise damage it, that could mean hours of lost productivity! Time is money, and without insurance, you’d still have to pay several hundred dollars to repair or replace the phone.
Fortunately, the Ink Business Preferred Credit Card has you covered with up to $600 in cell phone insurance. You’ll be covered as long as you pay your monthly cell phone bill with the card! Here’s more about the Chase Ink Business Preferred cell phone insurance.
You can read the fine print in Chase’s Guide to Benefits, but here are a few key facts about the coverage:
- You can make up to 3 claims in a 12-month period, each with a $100 deductible
- Lost phones are not covered (but stolen phones are)
- Covered phones must have been purchased brand new
- Coverage includes employees listed on your monthly cell phone bill
Team member Keith has used his Ink Business Preferred cell phone insurance twice in the past year to repair damaged screens on his Apple iPhones, and was able to save a total of $264 total!
Primary Rental Car Coverage
Rental car insurance is something you’ll probably be thinking about if you decide to rent a car to explore a new city. But is there a better alternative to the expensive coverage offered through the rental car agencies?
Hopefully you’ll never have to use this benefit, but if you do you can travel with peace of mind because with the Ink Business Preferred Credit Card, you’ll have primary rental car insurance when you rent a vehicle for business purposes within the US. If you rent a car overseas, you’ll be covered for personal and business car rentals.
As long as you decline the coverage offered by the rental agency, the primary coverage offered through the Ink Business Preferred Credit Card means you’re protected for things like physical damage due to theft or collision to your rental car. And perhaps the best part is that you will NOT have to file a claim with your personal car insurance company!
And we know it works from first hand experience, because primary rental car insurance saved team member Harlan nearly $700 when he noticed a small ding on his rental car!
Lost Luggage and Trip Interruption Coverage
If you pay for at least part of your trip with the Ink Business Preferred Credit Card, you’ll be covered for up to $5,000 of certain prepaid expenses if your trip is cancelled or delayed for a qualifying reason, such as weather, illness, or injury. Immediate family members and business owners added to the card will also be covered. That means that if you’re traveling with 2 other family members, then all 3 of you could potentially be covered for up to $5,000 each!
The Ink Business Preferred Credit Card also provides coverage for lost luggage. So if your luggage is damaged or lost in transit, you can file a claim through Chase to be reimbursed for the cash value of the items damaged or lost. This coverage is limited to a maximum of $3,000, but items like jewelry, watches, cameras, and other electronic equipment are only covered up to a maximum of $500.
Extended Warranty and Purchase Protection
There’s no worse feeling than purchasing something brand new, only to have it stolen or damaged! Fortunately, if you purchased the item with your card, you’ll be covered for 120 days up to $10,000 per claim, with a maximum of $50,000 per account.
Items not covered include animals and living plants, antique items, computer software, items purchased for resale, medical equipment, perishables, and more.
A full list of items not covered can be found in Chase’s Guide to Benefits.
There’s a little-known perk on your Ink Business Preferred Credit Card! With the Ink Business Preferred Credit Card, you’ll be covered by roadside dispatch. By calling 800-847-2869 and paying a flat fee of ~$65 per service call, the program provides you various services such as:
- Tire change (you must provide a spare tire)
- Jump starts for a dead battery
- Lockout service
- Fuel delivery (up to 5 gallons)Depending on your auto insurance provider, roadside assistance can be quite expensive, so you could save quite a bit of money by relying on the Ink Business Preferred’s roadside dispatch coverage instead!
The Ink Business Preferred Credit Card comes with a welcome bonus of 80,000 Chase Ultimate Rewards points after spending $5,000 on purchases within the first 3 months of opening the account. That’s worth at least $1,000 in travel, and easily much more if you transfer the bonus to Chase’s travel partners!
You’ll also enjoy many money-saving perks which can more than off-set the $95 annual fee, such as:
- Cell phone protection
- Primary rental car coverage (when renting for business purposes in the US)
- Trip cancellation/trip interruption insurance
- Purchase protection
- Roadside dispatch
If you currently have the Ink Business Preferred Credit Card, let us know what your favorite benefit of the card is!