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.
Many people don’t like credit cards that charge an annual fee. But savvy miles and points enthusiasts will know that sometimes it’s worth it to pay the annual fee because the benefits outweigh the costs.
The Million Miles Secrets Team loves the Chase Ink Business Preferred℠ Credit Card. It’s a staple in many of our wallets and great for business owners. While it does come with a $95 annual fee, I’ve had this card for 2 years and continue to pay the annual fee.
So is it worth paying the annual fee? We believe so! The benefits far outweigh the price. We’ll show you how!
Why the Chase Ink Business Preferred Credit Card Annual Fee Is Worth It!
Apply Here: Ink Business Preferred Credit Card
The Ink Business Preferred℠ Credit Card is worth the annual fee because the sign-up bonus alone is worth ~$1,000 in travel booked through the Chase Ultimate Rewards Travel Portal. I have this credit card, and it’s my #1 recommended business credit card!
- ~$1,200 worth of flights on Southwest Airlines (or nearly doubled if you have the Southwest Companion Pass!)
- Round-trip coach award flight to Europe
- 5 free nights at the Andaz Peninsula Papagayo hotel in Costa Rica (a bucket list item of mine!)
Chase Ink Business Preferred 3X Points per $1 Spending Categories
You’ll earn 3X Chase Ultimate Rewards point 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).
Most small businesses won’t use all of the bonus categories, but certain categories like travel, internet, and phone services can really add up! And chances are, the points earned from regular expenses should be worth far more than the $95 annual fee.
We particularly love the cell phone insurance of up to $600 when you pay your cell phone bill with the card. Team member Keith found the cell phone insurance came in handy when he shattered his phone TWICE.
Between the 2 claims, he got $264 back from Chase card benefit services. That alone offsets the annual fee.
Which credit cards do you pay the annual fee on? Share with us in the comments below!