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Chase Ink Business Preferred® Credit Card Review:

Chase Ink Business Credit Card family has four Credit Cards. There are 2 Cards with annual fee and two cards with “NO” annual fee.

Annual Fee Cards

1. Ink Business Preferred Credit card -Mid Tier
2. Ink Business Premium Credit Card – Premium Tier

NO Annual Fee Cards

1. Ink Business Cash Credit Card – No Fee
2. Ink Business Unlimited Credit Card- No Fee

In this post I would like to highlight on Ink Business Preferred® Credit Card. Referral Link to Chase INK family of Credit Card is HERE

Basics:

• Annual Fee for the Card: 95$
• Current Offer: 100,000 Bonus Points after 8000$ Spend in first 3 months after account opening.
• 3 points per $1 spent on the first $150,000 spent in combined purchases in the following categories.
  1. Travel
  2. Internet, Cable and Phone Services
  3. Shipping Purchases
  4. Advertising purchases on social media sites and Search Engines
• 5X points on LYFT rides through March 2025
• No Foreign Transaction Fee
• No Additional Fee on Employee Cards

Who Can Apply?

Anyone with a small business (Freelances and Sole Proprietors count), with Excellent credit can apply for this credit card from Chase. Chase Bank has the 5/24 rule, where it restricts anyone with more than 5 personal credit cards with any bank in US, approved for within a two-year period from getting a Chase Credit Card.

Additional Benefits:

• Points worth 25% more, when redeemed through Ultimate Rewards portal.
• Primary Auto Rental Collision Coverage
• Trip Cancellation/ Trip Interruption Insurance up to 5,000$ per person
• Purchase Protection: Covers new purchases for 120 days against damage or theft up to $10,000 per claim.
• Cell Phone Protection up to 600$, 100$ deductible

How I USE Chase Ink Business Preferred Credit Card: 

Personally, I had this Ink Business Preferred credit card for more than 5 years. I use this credit card to purchase my paid travel tickets to get 3 ultimate reward chase points per 1$ spend. I pay my Cell Phone bill with this Credit Card as I get Phone protection, in case of accidental damage to my phone. Additionally, I am getting 3 points per 1$ spent on paying off my Cell Phone Bill.

In the past I used it for paying for my Car Rentals, as it has Primary Auto Rental Collision Damage Waiver. Currently, I use Capital One Venture X Rewards Credit Card though.

How I Use Points Earned from Chase Ink Business Preferred Credit Card:

1. I purchase Air Tickets through Chase Ultimate Rewards Travel portal like the one I bought for Grenada or by transferring to Airline Partners, depending on who gives me better value.
2. Make Hotel Bookings, especially when I am either low on Hotel Points or I see no Points Hotel in a Country/ Place I am venturing to.
3. I use Points to Book Activities at the Places I go to from Chase Ultimate Rewards® Travel Portal.

 The referral link to sign up for these credit cards is on the top of this post, if you are interested.