If you want to turn your everyday spending into some serious points (and travel), the Chase Ink Business Preferred® Credit Card could be precisely what you need. With an incredible welcome bonus, flexible redemption options, purchase protection, and more – this card is one of the best on the market!
What’s to LOVE About The Chase Ink Business Preferred
There are many things to love about this card. We’ll cover our favorite features below. We’ll also cover who this card isn’t for and some good alternatives if it’s not a good fit (although it’s a good fit for most people!).
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High Welcome Bonus:
Usually, you can earn at least 90,000 points (sometimes more!) from this card JUST from the welcome offer. This offer is genuinely worth thousands and can take you so far!
This welcome offer alone is worth having this card for the first 12 months, making the annual fee more than worth it.
*Remember: You can always downgrade or cancel this card after 12 months if it isn’t a good fit for you.
Earn Significant Points:
This card has some good category multipliers that are simple to navigate.
3X Points on some excellent categories: With this card, you earn three points per dollar on the first $150,000 spent annually in categories such as travel, shipping, internet, phone services, and social media advertising. These categories can significantly maximize your rewards… We love the 3X the points on travel and our internet services!
1X Point on Everything Else: Keep earning one point per dollar on all other eligible purchases – and there’s no cap on what you can earn.
Boosted Value In Chase Travel℠ :
The Ink Business Preferred unlocks 25% more value when redeeming your points through Chase Travel℠, stretching each point further when booking flights, hotels, or car rentals. At a minimum, if you apply before September 5, 2024, you’ll get $1,500 to use in Chase Travel℠. (If that’s the worst you can do – how awesome is this card and this offer?!)
However, the best thing about this card is the easy transfer partners, and transferring can increase the value of these points by 300%- 500%!
The Amazing Ability to Transfer Your Chase Points
This card can transfer automatically to Hyatt, United, Southwest, Virgin Atlantic, AirFrance and MORE! We love using these points for our Hyatt stays. What’s even better is if you have any Chase Ultimate Reward points you haven’t been able to transfer – this card unlocks that option! So you can combine all your Chase points under this card and transfer them to any Chase transfer partners! (It’s the best!)
Travel and Purchase Protections
Keep Your Trips Covered: This card offers protections like trip cancellation/interruption insurance and primary rental car coverage so you can travel confidently. Conditions and exclusions apply, so it’s good to familiarize yourself with these details.
Avoid Foreign Transaction Fees: Ideal for international trips, this card eliminates foreign transaction fees, keeping more of your money where it belongs — with you.
Qualifying for the Ink Business Preferred Without a Traditional Business
Since this is a business card, it’s fair to wonder if you are eligible. The good news is that if you have a side hustle or small business (basically anything outside of your 9-5 that you’re doing to try to earn some extra cash), then you’re probably eligible! In other words, you don’t need an LLC, a formal business office with an address, or a team of employees to apply for this card.
If you have questions, we go over business card eligibility and how to apply for a business card without an LLC here.
Who This Card is Not For
If meeting the minimum spend feels like a major stretch, or if you and your partner don’t have any sort of a side hustle or small business up to this point, this might not be the right card for you. I wouldn’t write business cards off in full, but starting with a card like the Chase Sapphire Preferred or the Capital One Venture might be better. Both these cards are categorized as personal cards (so you don’t need a side hustle at all), and they are really solid options for anyone starting out!
Frequently Asked Questions
1. Who is eligible for the Chase Ink Business Preferred Credit Card?
The card is designed for those with side gigs, businesses, or freelancers. If you have activities that generate any additional income, such as selling on Etsy, tutoring, selling things on Facebook Marketplace, providing childcare… you probably qualify.
Use your Social Security Number if you’re applying as a sole proprietor.
2. What kind of expenses earn 3 points per dollar?
You can earn three points per dollar on the first $150,000 spent each anniversary year on combined purchases in categories like travel, shipping, internet, cable, phone services, and social media advertising.
3. How can I redeem my points for travel?
Points can be redeemed through Chase Travel℠, where they’re worth 25% more. This includes options like flights, hotels, and car rentals, providing greater value for your earned points. You can also transfer your points! To learn more about transferring Chase points, see our Guide to Transferring Chase Points here!
You can also cash out your points for $1,200 – although this isn’t recommended because you can get more value the other ways.
7. Are there foreign transaction fees with this card?
No foreign transaction fees make it an ideal option for international business purchases and travel.
8. What purchase protections does this card offer?
The card provides coverage for some new purchases against damage or theft within the first 120 days and offers extended warranty protection on eligible purchases. Be sure to review the terms for specific coverage limits and conditions.
9. How does the application process work for someone without a registered business?
Individuals without a formal business can apply using the name of their sole proprietorship or their name and Social Security Number for the tax ID. See this article for more information about applying for the Chase Ink Business Preferred.
Wrapping Up
The Ink Business Preferred card is one of the best if you have a small side hustle, are a business owner, or are looking to get a huge welcome bonus from a low annual fee option! Remember to always pay your cards off in full every month.
I can’t wait to see where your points take you!
