I’ve Recommended This Chase Ultimate Rewards Points Earning Small Business Card to 4 Friends – I’ll Explain Why

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A number of my friends are small business owners, and each time one of them has asked about getting a credit card for their business I direct them to the Ink Business Preferred℠ Credit Card.

In my opinion, it’s hard to beat the flexibility of Chase Ultimate Rewards points.  And the Ink Business Preferred card is currently offering the highest sign-up bonus of any of the Ultimate Rewards points earning card.  Those are just a few of the reasons it’s consistently ranked the best small business card on our list of the best credit cards for travel.

I’ll explain the perks of the Ink Business Preferred.  And help you decide whether it deserves a place in your credit card arsenal!

The Ink Business Preferred Is the Best Chase Ultimate Rewards Points Card for Small Business Owners

Apply Here:   Ink Business Preferred℠ Credit Card

Read our review of the Chase Ink Business Preferred

What’s the other main reason I always recommend the Ink Business Preferred?  It’s a Chase Ultimate Rewards points earning card!  And it’s currently offering the biggest sign-up bonus of ANY Ultimate Rewards earning card.

You can earn 80,000 Chase Ultimate Rewards points after spending $5,000 on purchases in the first 3 months from opening the Ink Business Preferred.

And as a small business owner, it makes sense to earn rewards for the numerous expenses you likely have.  With the Ink Business Preferred, you’ll earn bonus points for many different 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
• 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

Two of my friends are real estate agents, one owns a compression sock company, and the other is a general contractor.  All 4 of them spend a significant amount of money on things like internet and cell phone services, along with online advertising.  And the Ink Business Preferred earns bonus Chase Ultimate Rewards points for spending in all of these categories!

My friend who sells compression socks can do extra well earning 3X bonus Ultimate Rewards points on shipping purchases.

Let’s say, for example, she spends $5,000 per month on shipping.  That translates to 15,000 bonus Ultimate Rewards points per month or 180,000 bonus Ultimate Rewards points per year!

That’s worth at least $2,250 in travel booked through the Chase travel portal because her points are worth 1.25 cents a piece.  But she could get even more value by transferring them to one of Chase’s travel partners, like United Airlines, Hyatt, or Southwest!

180,000 Chase Ultimate Rewards points transferred to United Airlines (at a 1:1 ratio) is more than enough for 7 round-trip coach tickets within the US or 3 round-trip coach tickets to Europe.

She could even use them for 3 one-way Business Class seats to Europe!  That would easily be worth thousands of dollars.

Be sure to read our full review of the Ink Business Preferred card here.  And if you don’t qualify for a small business credit card, check out the Chase Sapphire Preferred Card.  It’s our top pick for beginners to the miles & points hobby!

Note:   Both the Ink Business Preferred and Sapphire Preferred are subject to the Chase 5/24 rule, so if you’re opened 5+ cards from any bank (not including certain small business cards) in the past 24 months, you won’t be approved.