Chase Ink Business Preferred Review

The Chase Ink Business Preferred Credit Card is a popular choice among small business owners and entrepreneurs. It offers a range of benefits, including rewards, travel perks, and business-focused features. Here's a review of the Chase Ink Business Preferred Credit Card:

Key Features and Benefits:

1. Generous Signup Bonus: One of the standout features of the Chase Ink Business Preferred is its substantial signup bonus. New cardholders can earn a considerable amount of bonus points when they meet the spending requirement within the first few months after account opening.

2. Reward Points: Cardholders earn points for every dollar spent on the card. The Ink Business Preferred card is part of the Chase Ultimate Rewards program, which allows you to earn valuable points that can be redeemed for travel, cash back, or gift cards. It offers bonus points on specific spending categories, such as travel, advertising, and shipping.

3. Transfer Partners: You can transfer your points to various airline and hotel loyalty programs, often at a 1:1 ratio. This can be especially valuable for frequent travelers, as it provides flexibility and the potential for high-value redemptions.

4. Travel Benefits: The card offers a range of travel perks, including primary rental car insurance when you use the card to rent a car, trip cancellation/interruption insurance, and baggage delay insurance. These benefits can save you money and provide peace of mind when traveling for business.

5. Cell Phone Protection: The Chase Ink Business Preferred offers cell phone protection, which covers your cell phone against theft or damage when you pay your cell phone bill with the card.

6. No Foreign Transaction Fees: This card doesn't charge foreign transaction fees, making it a good option for international travel.

7. Annual Fee: The card does have an annual fee, but for many businesses, the benefits and rewards can easily outweigh this cost.

Considerations:

1. Annual Fee: While the rewards and benefits can be substantial, the annual fee may be a consideration for some small businesses. Be sure to assess whether the value you receive from the card justifies the fee.

2. Credit Approval: Like all credit cards, approval for the Chase Ink Business Preferred card depends on your creditworthiness. Your business credit history and personal credit score will be factors in your approval decision.

3. Spending Categories: To maximize your rewards, you'll need to spend in the specific categories where the card offers bonus points. Make sure these align with your business spending habits.

4. Eligibility: You need to have a business to apply for this card. It can be a full-time, part-time, or even a side gig, but you'll need a legitimate business to qualify.