Is Chase Ink Business Preferred Worth the Annual Fee for You?

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Is Chase Ink Business Preferred Worth the Annual Fee for You?

Million Mile SecretsIs Chase Ink Business Preferred Worth the Annual Fee for You?Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

With the Chase Ink Business Preferred card, you can earn 80,000 Chase Ultimate Rewards points after meeting minimum spending requirements.  But it comes with a $95 annual fee that is NOT waived the first year.

Is it worth paying the annual fee?  You bet!  If you can make the most of the card’s points earning and benefits, it’s an easy choice!

Plus, this is the highest public welcome bonus ever available for this card.  With the bonus, you can get $1,000 worth of travel through the Chase Ultimate Rewards Travel Portal.  And potentially much, much more when you transfer your points to Chase’s airline and hotel partners.

The Ink Business Preferred 80,000 Chase Ultimate Rewards Point Bonus Is Enough for 4 Free Nights at the Beautiful Andaz Scottsdale Resort & Spa. If You Paid Cash, You’d Be Looking at Over $400 per Night in Peak Season

Here’s why it’s worth paying the $95 annual fee for the Chase Ink Business Preferred card for most folks!

Huge Welcome Bonus and Top Notch Benefits With the Chase Ink Business Preferred Card

Apply Here:   Chase Ink Business Preferred

Our Review of the Chase Ink Business Preferred

When you open the Chase Ink Business Preferred card, you’ll earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening.

You’ll also get perks like:

  • 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 per $1 on all other purchases
  • Up to $600 in cell phone insurance when you pay your cell phone bill with the card
  • 25% bonus when you redeem points through the Chase Ultimate Rewards travel portal
  • Primary auto rental insurance (CDW) when renting for business purposes, plus purchase and extended warranty protection

The $95 annual fee is NOT waived the first year.

And you’ll need to have a small business to get the Ink Business Preferred card.  But you might qualify for a small business card without realizing it!  Here’s how to submit a Chase small business card application.

You can read our full review of the Ink Business Preferred card here.

Is the Chase Ink Business Preferred Annual Fee Worth It for You?

The Chase Ink Business Preferred is worth the annual fee for most folks, especially in the first year.  Because the intro bonus alone is worth $1,000 in travel booked through the Chase Travel Portal!  With the Chase Ink Business Preferred, each point is worth 1.25 cents when redeemed this way.

And your points could be worth even more with Chase’s airline and hotel transfer partners, like United Airlines and Hyatt.

You’ll also earn 3X bonus Chase Ultimate Rewards points in common spending categories, like travel, internet, and cell phone bills.

Is Chase Ink Business Preferred Worth The Annual Fee
Earning 3X Bonus Chase Ultimate Rewards Points on Travel Purchases Is a Good Deal. Especially Because You Can Get Big Travel With Chase Travel Partners, Like United Airlines!

That said, because of Chase’s stricter approval rules, if you’ve opened 5+ cards from any bank (except Chase business cards and certain other business cards) in the past 24 months, it’s unlikely you’ll be approved for this card.  And you have to be strategic when deciding which cards to apply for first!

Considering Other Offers?

Apply Here:   The Business Platinum® Card from American Express

Our Review of the AMEX Business Platinum

 

Apply Here:   Chase Ink Business Cash Credit Card

Our Review of the Chase Ink Business Cash

Apply Here:   Chase Ink Business Unlimited Credit Card

Our Review of the Chase Ink Business Unlimited

There are other cards that might make more sense for some folks, depending on your spending habits and travel goals.

You could apply for the AMEX Business Platinum offer. You’ll earn up to 75,000 AMEX Membership Rewards points after meeting tiered minimum spending requirements, as follows:

That’s a bigger bonus than the Chase Ink Business Preferred.  But the minimum spending requirements are a LOT higher.  And it comes with a $450 annual fee that is NOT waived the first year (it’s still worth it if you can make the most of the card’s perks!).

Or, you could apply for the big welcome bonus from the Chase Ink Business Cash Credit Card.  You’ll earn $500 cash back (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases in the first 3 months of account opening.  And there’s no annual fee.

This card makes sense if you spend a lot on office supplies and phone or cable bills.  Because it earns 5% cash back (5X Chase Ultimate Rewards points per $1) at office supply stores and on cell phone, landline, internet and cable TV bills, on the first $25,000 spent in combined purchases each account anniversary year.

Is Chase Ink Business Preferred Worth The Annual Fee
If You Spend a Lot on Office Supplies, It Could Be Worth Considering a Card That Earns MORE Bonus Points In This Category, Like the Chase Ink Business Cash

Or consider the new Chase Ink Business Unlimited Credit Card if you prefer not having to keep track of category bonuses.  You’ll also earn $500 cash back (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases in the first 3 months of account opening, with no annual fee.

And you’ll earn an unlimited 1.5% cash back (1.5X Chase Ultimate Rewards points per $1) on all purchases.

So again, it’s worth considering your ability to meet minimum spending requirements, travel goals, and spending habits, when deciding between cards.

Should You Keep the Chase Ink Business Preferred Beyond the First Year?

After you’ve earned the welcome bonus, you’ll have to assess your spending habits, travel goals, and whether you’re able to use the card’s perks to decide if it’s worth keeping after the first year.

For example, if you can earn 50,000 Chase Ultimate Rewards points through regular or bonus spend each year, that’s worth $625+ in travel.  So paying the annual fee a 2nd year would be more than worth it!

Plus, if you pay your cell phone bill with the Chase Ink Business Preferred, you’ll get automatic cell phone insurance.  If this is something you’d normally pay for through your cell phone company, keeping the card is a no-brainer!  You can read about how team member Keith recouped most of the annual fee cost with just one claim after he dropped his phone and cracked the screen.

Even you spend at least ~$2,533 per year in the 3X bonus categories, you’ll earn ~7,600 Chase Ultimate Rewards points.  That’s worth ~$95 toward travel (~7,600 points X 1.25 cents per point).  So it doesn’t take much to cover the annual fee if you like the bonus categories!

As always, do the math to see what makes sense for you.

Bottom Line

You can earn 80,000 Chase Ultimate Rewards points after spending $5,000 on purchases in the first 3 months of opening a Chase Ink Business Preferred card.  The $95 annual fee is NOT waived the first year.  Here’s how to fill out a Chase small business card application.

We think the annual fee for the Chase Ink Business Preferred is worth it for most folks.  Because the welcome bonus alone is worth $1,000 in travel booked through the Chase Travel Portal.  And quite often much more when you move them to airline and hotel transfer partners.  If you spend a lot in the 3X bonus categories, it’s an even better deal!

Just remember, because of Chase’s stricter approval rules, you have to be careful when deciding which credit cards to apply for first.  Consider your ability to meet minimum spending requirements, travel goals, and spending habits, when deciding which cards to get.

Apply Here:   Chase Ink Business Preferred

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Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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I keep it for the cell phone insurance. So far, I’ve never had to use it, but I like the protection it provides.