Chase Ink Business Preferred Review

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The Chase Ink Preferred Business Card is designed for those who want premium travel benefits, the ability to earn points (Chase Ultimate Rewards Points) toward free travel on all of their business purchases and don’t want to be restricted to any single airline or hotel program.

The Chase Ultimate Rewards program offered through the Ink Preferred Business Card is one of the most flexible travel reward programs on the market by giving cardholders the option to redeem points for just about anything – airfare, rental cars, hotel rooms, rail transportation, cruises, dining, shopping and even cash back. The combination of this reward flexibility and a first year bonus of 80,000 points make this a card one of the best business card options on the market today.

The Chase Ink Preferred Business Card offers the potential for some very high bonus points:

Earn 80,000 bonus points after spending $5,000 in the first 3 months of having the card.
Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year.

You will also receive an additional 25% bonus when you redeem your reward points and book your travel through Chase Ultimate Rewards. Points never expire and there is no cap to the number of points you can earn in the program from this card.

Points earned in the first year with the Ink Classic Bold Card

Assume you spend $3,000 per month on the Credit Card in the first 12 months.

+ 80,000 Bonus Points – After spending $5,000 in first 3 months

+36,000 Points from Spending – 1:1 ratio of points per dollar charged on the card

= 116,000 Points earned in the first year. That’s enough for:

Over $1,450 of free travel rewards, if redeemed through Chase Ultimate Rewards, OR
Transfer to Hyatt for 116,000 Gold Passport Points – that will get you 20 free nights at a Category 1 Hyatt property or 3-4 nights at their Park Hyatt properties. Value ranging from $2,000 – $4,000+ OR
Transfer to United 4 free domestic flights, plus some leftover miles

Additional Benefits of the Ink Bold Business Card

The Chase Ink Bold Business Card comes with a suite of benefits exclusively available to cardholders. These benefits include:

No Foreign Transaction Fees: A Savings of 3% of every international transaction
Points can be transferred 1:1 to other travel program: Points can be transferred at a 1:1 ratio to other programs including, Hyatt, Marriott, Intercontinental Priority Club, United, British Airways and many more.
Points can be redeemed for retailers and restaurants: Such as Home Depot, Banana Republic, Morton’s, Starbucks and many more through the Ultimate Rewards Mall.
25% Point Bonus when Travel is redeemed through Chase: When travel is redeemed through Chase Ultimate Rewards points are worth 1.25.
Cell Phone Protection: Get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred credit card. Maximum of 3 claims in a 12 month period with a $100 deductible per claim.
Trip Cancellation / Interruption Insurance: If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $5,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Auto Rental Collision Damage Waiver: The Visa Signature card provides coverage, at no additional cost, for damage due to collision or theft when you charge the entire rental to your covered card and decline the collision damage waiver offered by the rental policy.
Purchase Protection. Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

Our Take on the Ink Business Preferred Credit Card

Is it right for you?

If you own a business (or are a business traveler) this card is definitely one of the best business travel cards on the market. The first year bonus, category bonus, added travel benefits and flexibility of being able to use you points for any type of travel reward (including hotels, airlines, cruises, etc.) are great features. As with any Ultimate Rewards Product , the Hyatt transfer option is an exceptional value (shown in the example above), but not the only great value this card offers.

There is a $95 annual fee. However, if you spend $275 a month on combined cell phone and cable, the fee will be countered by paying these bills with this card due to the 3x bonus. You could even use the points from those charges at a 1:1 ratio to pay the annual fee.

I like having this card to pay for my business travel expenses, cable, and internet (if I have social media or search engine charges I would add them as well). I then move those points over to my Chase Sapphire Reserve card (where I charge all dining charges) due to the 1.5x bonus for redeeming though the Ultimate Rewards Portal. All other charges that do not have bonus categories go on my Chase Freedom Unlimited card. This combination works great for me and maximizes the benefit and bonus category of each card.

Apply here… with this secure link to the Application Page for the Ink Bold Business Card from Chase.

For a complete list of all Travel Credit Cards go to our Travel Credit Card Page. On this page you will find all of the best travel credit cards including the best Travel Reward Cards, Airline Mile Cards, Hotel Point Cards and the latest sign up bonus offers.

Know your Credit Score

Before you apply for any credit card, you should make sure you have an understanding of your credit score and credit history. Most Travel Credit Card Companies require you to have a strong credit score, ideally they will prefer a FICO score of at least 700.

Once you apply for a credit card, the credit card company will perform a credit inquiry. Be aware that credit inquiries will affect your credit score. Each time you apply for a credit card (or any type of loan for that matter), the inquiry will reduce your score anywhere from 2-5 points.

By law, you are allowed to obtain a free copy of your credit report from each of the credit bureaus once a year. The free annual copies of your credit report will give you all of the data that provides the foundation for your credit score, but the Credit Reports don't provide the Credit Score itself. You will need both your Credit Report and Credit Score to get the full view of your credit situation.

Here are four links to get your Free Credit Score:

CreditReport.com Free Credit Score
CreditSesame (no card required – provides Experian Score)
CreditKarma (no card required – provides TransUnion Score)
myFICO (link to the Free credit score estimator page)

Here is the link to get your Free Credit Report:

annualcreditreport.com

Disclaimer:

Finally, please only apply for any travel credit card if you pay your bills in full each month. Carrying a balance on any travel credit card will eliminate the benefit of the travel rewards due to the higher interest rates associated with these cards.