Ink Business Preferred Chase card is offering a limited time sign up bonus of 120,000 points after spending $8000 in 3 months, with a $95/annual fee.
Chase Ink Business Preferred Credit Card Review
Key Takeaways
As long as the welcome offer stays high -- currently 90,000 points, and sometimes as high as 120,000 — with a modest $95 annual fee, the Ink Business Preferred remains a top-tier business card. The fact that it allows direct point transfers to Chase’s airline and hotel partners (unlike the no-annual-fee Ink cards) gives it extra weight for anyone serious about travel rewards.
It’s well worth it for the first year, and whether you keep it longer depends on your spending patterns and travel goals.
Why This Card Could Be Right For You
The Ink Business Preferred card is built for business owners who want to earn big rewards and have the flexibility to use them for high-value travel.
- Earn 90,000 points after spending $8,000 in the first 3 months
- 3x points on the first $150,000 spent annually in combined purchases on shipping, select advertising, travel, internet, cable, and phone services
- 5x points on Lyft rides
- Full access to Chase transfer partners for airline and hotel redemptions
- Comprehensive travel and purchase protections including trip delay, cell phone protection, and more
With its combination of a huge sign-up bonus, solid multipliers, and transfer power, this card is often the centerpiece of a small business Chase setup.
When The Usual Advice Doesn't Apply
This card may not be the best fit if the $8,000 minimum spend in 3 months is too steep for your current business. Or you prefer a no-annual-fee option.
What to Know About Chase Ultimate Rewards
Chase Ultimate Rewards is our most valued point system.
- These points are the most flexible of any credit card points. You can book travel items directly through the Chase portal, including cruise, car rental, or speciality hotel. (Or transfer points to their partners).
- The quality of their transfer partners (Hyatt, United & Southwest) is unmatched. As is the value you can get when you transfer.
- You can get a “multiplier effect” (either 1.5x or 1.25x) on your Chase Ultimate Rewards points when you have either of Chase’s Sapphire cards.
- We view Ultimate Rewards as the points “savings account” to top off a partner reward system for a flight or hotel. Or to book travel items directly through the Chase travel portal.
How The Chase Ink Business Preferred Credit Card Fits In The Chase Ultimate Rewards Ecosystem
The Ink Business Preferred card plays a unique role within Chase’s business lineup:
- It’s the only Ink card that allows direct transfers to Chase travel partners
- It earns more bonus points in key business categories than the no-fee Ink Business Cash and Ink Business Unlimited
- While other Ink cards technically earn "cash back," their points can become full Ultimate Rewards when transferred to the Preferred or a Sapphire card
If you already have a Sapphire Reserve or Preferred, you can move points earned from other Ink cards to one of those accounts. But having the Ink Business Preferred gives you flexibility to transfer without needing a personal card.
Like all Chase business cards, it doesn’t count against your 5/24 — making it a perfect way to keep earning big without impacting your personal card strategy. If you run multiple businesses or side hustles, you can apply for more than one Ink card over time. Just space applications out by 3–6 months and maintain some activity on each card.
My Experience, No Filter
We started applying for business cards about six months into the hobby. As a two-player household, we each opened the no-annual-fee Ink Business Unlimited and Ink Business Cash before moving on to the Ink Business Preferred. The sign-up bonuses added up fast, and we grew our Chase points stash without hitting our 5/24 limit.
Having the Preferred made our entire system more flexible — we could finally transfer points directly to Chase travel partners without needing a Sapphire card in every wallet. For the right business, it’s easily worth the fee.
Card Information
| Bonus Points | Minimum Spend | Point Value | Annual Value | Annual Fee | 1st Year Value |
|---|---|---|---|---|---|
| 90,000 | $8,000 | 1.6 ¢ | $125 | $95 | $1598 |
| Best Value | Differentiating Perks | Rules |
|---|---|---|
| Southwest, United & Hyatt transfers | 3X points on travel, shipping, internet, cable, phone & online advertising | No CR , 5/24 , Chase 2/30 , Chase 4/6 |
Award System
Most Recent Special Offer
120,000 Bonus Points for
$8,000 spend ended Sep 2024
$8,000 spend ended Sep 2024
Spend Categories
All Other = »
1X points
1.6¢ Per Dollar Spent
Online Advertising + »
3X points
4.8¢ Per Dollar Spent
Shipping + »
3X points
4.8¢ Per Dollar Spent
Cell Phone Carriers + »
3X points
4.8¢ Per Dollar Spent
Travel = »
3X points
4.8¢ Per Dollar Spent
Rideshare and Transit = »
5X points
8¢ Per Dollar Spent
Internet and Cable = »
3X points
4.8¢ Per Dollar Spent
Card Benefits
Cell Phone Protection »
You, and employees on your bill get up to $600 per claim in cell phone protection against covered theft or damage. Maximum of 3 claims in a 12-month period (subject to a $100 deductible).
You, and employees on your bill get up to $600 per claim in cell phone protection against covered theft or damage. Maximum of 3 claims in a 12-month period (subject to a $100 deductible).
Car Rental Insurance »
Using this card when renting for business gives you primary car rental insurance. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
Using this card when renting for business gives you primary car rental insurance. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
Travel Insurance »
If your trip is cancelled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per trip for your prepaid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If your trip is cancelled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per trip for your prepaid, non-refundable travel expenses, including passenger fares, tours, and hotels.
No Foreign Transaction Fees »
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Roadside Assistance »
A flat $59.95 fee for towing up to 5 miles, tire changing, jump starting, locksmith service, fuel delivery and standard winching; cardholder will be charged for any additional services or goods provided.
A flat $59.95 fee for towing up to 5 miles, tire changing, jump starting, locksmith service, fuel delivery and standard winching; cardholder will be charged for any additional services or goods provided.
Purchase Protection »
Your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Extended Warranty »
This card extends the time period of the U.S. manufacturer's warranty by 1 additional year, on eligible warranties of 3 years or less.
This card extends the time period of the U.S. manufacturer's warranty by 1 additional year, on eligible warranties of 3 years or less.
Point Transfer Options
Transfer To Spouse/Partner Yes
Transfer To Friends No
Travel Partner Transfers
Chase Ultimate Rewards Outside Point System
Transfers Out To
Air Canada Aeroplan
1:1 88% value retained
British Airway Executive Avios
1:1 63% value retained
Cash in Cents
1:1 63% value retained
Flying Blue and Air France
1:1 75% value retained
IHG Rewards
1:1 38% value retained
jetBlue trueBlue
1:1 75% value retained
Marriott Bonvoy
1:1 44% value retained
Singapore KrisFlyer
1:1 81% value retained
Southwest Rapid Rewards
1:1 81% value retained
United MileagePlus
1:1 81% value retained
Virgin Atlantic Flying Club
1:1 88% value retained
World of Hyatt
1:1 100% value retained
Chase Ink Business Preferred Application Rules
This business card will not show on your personal credit report, so it won't count against your 5/24 status
Your application will be declined if 5 new cards are reported on your personal credit report in the past 24 months
You'll be declined if you apply for a third Chase card of any kind within 30 days
Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months
Ranking of Cards Offering Chase Ultimate Rewards
Best for Series
Below is a snapshot of where this card performs best compared to the other cards in our database:
Related Guides
Breaking Points
July 11, 2024
Ink Business Preferred 120,000 Offer
July 3, 2023
Mini Points - July 2023
- American Express Delta Skymiles Platinum Business - Limited Time Offer - 90,000 Miles after spending $4000 in 3 months, $250 annual fee.
- American Express Delta Skymiles Gold Business - Limited Time Offer - 70,000 Miles after spending $3000 in 3 months, $0 annual fee for the first year then, $99.
- American Express Delta Skymiles Reserve Business - Limited Time Offer - 100,000 Miles after spending $6000 in 3 months, $550 annual fee.
- American Express Delta Skymiles Platinum Personal - Limited Time Offer - 85,000 Miles after spending $4000 in 6 months, $250 annual fee.
- American Express Delta Skymiles Gold Personal - Limited Time Offer - 65,000 Miles after spending $2000 in 6 months, $0 annual fee for the first year then, $99.
- American Express Delta Skymiles Reserve Personal - Limited Time Offer - 85,000 Miles after spending $6000 in 6 months, $550 annual fee.
- Chase Ink Business Preferred - 100,000 Points after spending NEW LOWER $8000 requirement in the first 3 months, $95 annual fee.