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My favorite award currency is Chase Ultimate Rewards points. They are really easy to use and you can redeem them for anything from gift cards to booking travel.
Currently, the Ink Business Preferred℠ Credit Card is offering an 80,000 Chase Ultimate Rewards point sign-up bonus after you spend $5,000 on purchases in the first 3 months after opening your account.
This is the highest sign-up bonus we’ve ever seen on this card!
I’ll break down some of my favorite perks that come with this card and help you decide if the Ink Business Preferred is the right small business card for you!
Why We Like The Ink Business Preferred
Apply Here: Ink Business Preferred℠ Credit Card
1. Incredible 80,000 Point Sign-Up Bonus
The Ink Business Preferred℠ Credit Card is currently offering an 80,000 Chase Ultimate Rewards point sign-up bonus after you spend $5,000 on purchases in the first 3 months after opening your account. You can redeem 80,000 Chase Ultimate Rewards points for $1,000 in travel through the Chase Ultimate Rewards Travel Portal, or can get even more value by transferring points to Chase’s travel partners!
2. Great Bonus Categories To Earn Points
One of the best features of the Ink Business Preferred is earning bonus points for spending you’re doing anyway. You will earn 3 Chase Ultimate Rewards points per $1 spent on the first $150,000 in combined purchases in the following categories each account anniversary year:
- Phone, internet, and cable services
- Advertising purchases on social media and search engine optimization
Purchases that code as travel with Chase include flights, trains, Uber (and Uber Eats!), parking, hotels, and car rentals. Also, almost everyone has a internet / cable package at home. If it costs ~$100 / month, that’s 3,600 Chase Ultimate Rewards points annually right there!
And if your small business has expenses such as shipping and advertising, you can really start to earn a ton of Chase Ultimate Rewards points.
All other purchases made with the Ink Business Preferred earn 1 Chase Ultimate Rewards point per $1 spent.
3. Points Transfer Potential
Once you earn your 80,000 Chase Ultimate Rewards point sign-up bonus and even more points through everyday spending on your Ink Business Preferred, how do you redeem those points for travel?
Chase makes it really easy for folks to redeem their points for great value! You can use the Chase Ultimate Rewards Travel Portal where your points are worth 1.25 cents each to book flights, hotels, and car rentals. This means you can book $1,000 worth of travel with the 80,000 point bonus.
However, the best way to get value from your Chase Ultimate Rewards is to transfer them to one of Chase’s travel partners like United Airlines or Hyatt. Below you can see all of the travel partners that you can transfer your points at a 1:1 ratio.
For example, you can transfer 60,000 Chase Ultimate Rewards points to United Airlines and book a round-trip flight to Europe for just the cost of taxes and fees, and then transfer your remaining 20,000 points to Marriott or Hyatt to help book hotels while you are there!
4. Low Annual Fee
The Ink Business Preferred has a $95 annual fee which is NOT waived the first year. However, as far as business credit card annual fees go, $95 is pretty reasonable, especially considering all the perks you get with this card. The sign-up bonus alone is worth at least $1,000!
5. Primary Car Rental Insurance
Another great perk is that the Ink Business Preferred offers primary car insurance when you use your card to pay for car rentals for business purposes and you decline the rental car company’s collision coverage.
Keep in mind it only includes coverage on your rental vehicle, NOT damage to other vehicles or injuries.
6. Cell Phone Insurance
If you’ve ever dropped your phone, you know how important it is to have cell phone insurance. Last year I got a brand new phone, only to drop it from about a foot above the ground and have it shatter so completely I couldn’t even use the phone again!
When you pay your monthly cell phone bill with the Ink Business Preferred, you’ll get automatic cell phone insurance. Coverage includes up to $600 of protection against damage or theft, 3 times per 12-month period, after you pay a $100 deductible. That means you can get up to $500 back towards a replacement, up to 3 times per year!
7. High Referral Bonus
Another nice feature of the Ink Business Preferred is the large referral bonus on this card. For every small business owner you refer who is approved for the card, you earn 20,000 Chase Ultimate Rewards points! And you can earn a maximum of 100,000 bonus points per year.
Once you consider how many things your friends and family may already be doing that qualify them as a small business owner, you can earn valuable Chase Ultimate Rewards points while you help them do the same and grow their business!
The Ink Business Preferred℠ Credit Card is currently offering an 80,000 point sign-up bonus after you spend $5,000 on purchases in the first 3 months after opening your account. In addition, you earn 3X valuable Chase Ultimate Rewards points in several bonus categories, with the ability to redeem them directly for travel with Chase or transfer them to airline and hotel partners directly.
You also get $600 in cell phone coverage, 3 times per year, when you pay your cell phone bill with the Ink Business Preferred! Additionally, you’ll enjoy the peace of mind of primary rental car insurance when you are traveling for business.
The Ink Business Preferred is a great business card with a low annual fee of $95, which is worth it once you consider you get at least $1,000 in value with the card’s sign-up bonus and other perks like bonus points, cell phone insurance, and primary rental car coverage.
Do you have the Ink Business Preferred in your wallet? If so, where do you think you get the most value from this card?