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The Chase Ink Business Preferred card is somewhat of a doppelgänger to the uber-popular Chase Sapphire Preferred. Like that ubiquitous consumer card, the Business Preferred unlocks the ability to transfer your Ultimate Rewards to travel partners, provides some terrific travel protections with a generously broad 3x category for travel spend and can be had for just $95/year with no impact on to your 5/24 status. Oh, and did we mention the usually superlative welcome offer?
Chase Ink Business Preferred Current Welcome Offer
| Card Offer |
|---|
90K points ⓘ Affiliate 90K after $8K spend in 3 months$95 Annual Fee Alternate Offer: There is an in-branch offer of 120K points after $8K in purchases in the first 3 months. Recent better offer: 120K after $8K spend (expired 9/4/24) |
Chase Ink Business Preferred Review
The Chase Ink Business Preferred can be an excellent all-around business card. It usually has one of the most lucrative welcome offers around, regularly topping our “Best of the Best” list. The card supports transfers of Chase Ultimate Rewards (UR) points to travel partners, thus unlocking that ability for all of your other no annual fee UR-earning cards as well. It’s also has sneaky good travel rewards (uncommon for a business card), offering 3X rewards for all travel spend, no foreign transaction fees, primary car rental collision waiver, trip cancellation and interruption insurance and cell phone protection if your phone is damaged or stolen. Even if you’re not particularly interested in this card long-term, it’s a good choice to get for the usually stellar welcome offer and you can always product change it later to a no-annual-fee Ink Business Cash or Ink Business Unlimited.
- Annual Fee: $95
- Authorized User Annual Fee: none
- Foreign Transaction Fee: None
- What points are worth: The Chase Ink Business Preferred earns Ultimate Rewards (UR). Our current Reasonable Redemption Values pegs them at 1.55 cents each.
- Best Use for Points: Ultimate Rewards points can be transferred to travel partners at a 1:1 ratio and this will almost certainly yield the most value. Our favorite transfer partner is Hyatt, but good value can had through airline partners as well; including Air Canada Aeroplan, Air France/KLM Flying Blue and British Airways Avios. Business Preferred cardholders can also redeem UR for travel through the Chase Travel(SM) at 1.25 cents each or use “Pay Yourself Back (PYB)” on certain spending categories at 1 cent each (the PYB program has lost much of its luster in the last year).
- Earning Categories:
- 5x Lyft (through 3/2025)
- 3x on travel, shipping, internet, cable, phone, and advertising with social media sites (up to $150K spend per year)
- 1x everywhere else
- Travel Protections:
- Auto Rental Coverage: Primary auto rental CDW (collision damage waiver). Provides reimbursement for theft and collision damage for rental cars in the U.S. and abroad when rented for business purposes.
- Trip Cancellation/Interruption Insurance: Up to $5,000 per person/Up to $10,000 per trip.
- Trip Delay Reimbursement: Covers delays of more than 12 hours or that require an overnight stay. Cardholder and family are covered for up to $500 per ticket.
- Lost Luggage Reimbursement: Up to $3,000 per passenger.
- Baggage Delay Insurance: Covers baggage delays of over 6 hours, up to $100 a day for 5 days.
- Travel Accident Insurance: Accidental death or dismemberment coverage of up to $500,000.
- Purchase Protections:
- Cell Phone Insurance: $600/claim and a $100 deductible/claim (3 claims max/year).
- Extended Warranty: One additional year, on eligible warranties of three years or less (US warranties only).
- Damage and Theft Protection: 120 days against damage or theft; up to $10,000 per claim and $50,000 per account.
- Who’s this card for? Folks who want access to the ability to transfer Ultimate Rewards to partners without adding to their 5/24 count…or who just want a great welcome offer. The Ink Business Preferred will usually have the highest introductory bonus of all the business (and consumer) Ultimate Rewards cards, so even if you want an Ink Business Cash or Unlimited, it can be useful to start with the Preferred and then product change to the no annual fee card after a year.
- Is the Chase Ink Business Preferred a keeper? It’s necessary to have either the Ink Business Preferred, Sapphire Preferred or Sapphire Reserve in order to take advantage of the ability to transfer Ultimate Rewards points to Chase’s travel partners. Given the Business Preferred’s $95 annual fee, good travel protections and generous 3x travel category, this can be a rewarding way of maintaining that access without adding to your 5/24 status.
Chase Ink Business Preferred Pros and Cons
Pros
- Excellent travel protections for a $95 card, including primary rental car insurance (but only for business rentals).
- Often has the best welcome offer of all of Chase’s Ultimate Rewards-earning cards.
- Broad 3x travel category.
- Doesn’t add to your Chase 5/24 status.
- Only major transferable currency (outside of Bilt) that has Hyatt as a partner.
- Points can be redeemed at 1.25 cents each for travel through Chase Travel(SM).
Cons
- No spending multipliers for dining or supermarkets.
- Car rental insurance is officially limited to rentals for business purposes within the US.
- It’s missing the perks of the Sapphire Preferred, including the $50 hotel credit in the form of a statement credit and 10% anniversary points bonus.
- The Pay Yourself Back program is much less valuable that it used to be.
- While everyone in these parts loves Hyatt, Ultimate Reward‘s airline transfer partners are less exciting than some other programs.
Chase Transfer Partners
| Rewards Program | Chase Transfer Ratio | Best Uses |
|---|---|---|
| Aer Lingus Avios | 1 to 1 | Fuel surcharges are sometimes lower when booking with Aer Lingus rather than British Airways, Qatar, or Iberia. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets. |
| Air Canada Aeroplan | 1 to 1 | Redeem for Star Alliance flights and/or flights with Air Canada partners (such as Etihad). No fuel surcharges; $39 CAD award booking fee; 5,000 points to add stopover on one-way award. See: Air Canada Aeroplan: Everything you need to know. |
| Air France KLM Flying Blue | 1 to 1 | Monthly Air France Promo Awards often represent very good value. Air France miles can be used to book Sky Team awards, including Delta awards. Air France often offers very good business class award pricing between the US and Europe & Israel. |
| British Airways Avios | 1 to 1 | While flights on British Airways itself often incur outrageously high fuel surcharges, many BA partners charge low or no fuel surcharges. Excellent value can often be had in redeeming BA points for short distance flights outside the US. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets. |
| Emirates Skywards | 1 to 1 | The best use of Emirates miles has been to fly Emirates itself. Unfortunately fuel surcharges can be extremely steep. One workaround is to book select routes such as JFK to Milan or Newark to Athens. See: How to find and book Emirates first class awards. |
| Finnair Plus+ | 1 to 1 via BA | Finnair points are now "Avios" and points can be moved to/from other Avios programs. Finnair uses zone based award charts rather than distance based. As a result, Finnair sometimes has better (and sometimes worse) pricing than other Avios programs. |
| Hyatt | 1 to 1 | Use for Hyatt free nights, free suite nights, lounge upgrades, or suite upgrades. Hyatt points are often worth more than 2 cents each. Bonus: award nights are not subject to resort fees. |
| Iberia Avios | 1 to 1 | On their own flights, Iberia offers low award prices and a very reasonable 25 Euro cancellation fee. Partner awards can offer good value under some circumstances as well, but these are usually nonrefundable. Fuel surcharges are sometimes lower when booking with Iberia rather than British Airways, Aer Lingus, or Qatar. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets. |
| IHG | 1 to 1 | IHG dynamically prices their awards and sometimes offer very good value. IHG Premier and IHG Premier Business cards offer the fourth night free on award stays. |
| JetBlue | 1 to 1 | JetBlue points offer the most value when cheap ticket prices are available and when award taxes are high relative to the overall cost of the ticket (more details can be found here). The JetBlue Plus Card and the JetBlue Business Card offer a 10% rebate on awards, so you can get more value by holding one of these cards. |
| Marriott Bonvoy | 1 to 1 | 5th Night Free awards. Opportunities to get outsized value exist but can be hard to find. |
| Qatar Privilege Club Avios | 1 to 1 via BA | Qatar has reasonable award prices for flying Qatar itself. Points are now transferable 1 to 1 to British Airways (and from there to Aer Lingus or Iberia). It is now also possible to book JetBlue flights with Qatar Avios. |
| Singapore Airlines KrisFlyer | 1 to 1 | Use to book Singapore Airlines First Class awards (generally reserved for their own members), Alaska Airlines economy awards, or for Star Alliance awards (including United Airlines). |
| Southwest Rapid Rewards | 1 to 1 | Award flights are fully refundable. Point values vary due to certain taxes not being charged on awards, but tend to average around 1.5 cents per point. |
| United MileagePlus | 1 to 1 | United offers free award changes and free cancelations. Like Avianca and Aeroplan, United never charges fuel surcharges for awards. Unfortunately, United charges many more miles for international first class awards. Good uses of miles include United's Excursionist Perk awards and (sometimes) dynamically priced United economy awards. |
| Virgin Atlantic Flying Club | 1 to 1 | Virgin Atlantic offers a few excellent sweet spot awards. See: Best uses for Virgin Atlantic points (Sweet Spot Spotlight). |
Chase Application Tips
- 5/24 Rule: You most likely will not get approved for a new card if you have opened 5 or more cards (with any bank) within the past 24 months. Most business cards do not count towards that five card total. Business cards that DO count include: TD Bank, Discover and the Capital One Spark Cash Select, Spark Miles and Spark Miles Select.
- 24 Month Rule: If you’ve previously had a card before, you can only get a welcome offer on that card again if you no longer have the card AND if it has been more than 24 months since you last received a welcome offer for that card. This rule does not apply to the Sapphire Preferred and Reserve cards (see below). There can be exceptions with some business cards.
- 48 Month Rule (Sapphire cards): If you’ve previously had either the Sapphire Preferred or Sapphire Reserve cards, you can get the welcome offer for another Sapphire card only if you no longer have either card AND if it has been more than 48 months since you last received a welcome offer for the card.
- Southwest "Family" Rules: In addition to Sapphire cards' 48-month rule, Chase applies additional "family" rules to the Southwest cards. You're not eligible for the welcome offer on a personal Southwest card if you currently have one, or if you've received a welcome offer on any personal Southwest card within the last 24 months. This doesn't apply to business cards. You also can't be approved for Southwest consumer card if you already have one open.
- IHG "Family" Rules: You're not eligible for the welcome offer if you've received a welcome offer on any personal IHG card within the last 24 months. You also can't be approved another IHG consumer card if you already have one open.
- 2 per month Rule: Most applicants are limited to 2 new cards per month. Business cards are usually limited to one per month.
- Marriott cards: Approval for any Marriott card is governed by a labyrinthine set of unintuitive rules. You can see the full eligibility chart here.
- Card Limits: Chase doesn't have a strict limit on the amount of cards that you can have, but it does place limits on the total amount of credit that they will issue you across all cards. Because of this, reconsideration can sometimes be successful by moving credit from one existing card to the new card that you want.
- Application Status: Call (888) 338-2586 to check your application status.
- Reconsideration: If denied, call (888) 270-2127 for personal cards, or (800) 453-9719 for business cards, and ask for your application to be reconsidered.
Related Cards
Ultimate Rewards Business Cards
| Card Offer and Details |
|---|
Up to 75K points ⓘ Affiliate 35K after $3K spend in 3 months and an additional 40K points after $6K spend in 6 months. No Annual Fee Alternate Offer: If you have a household member with an Ink card, you may prefer the referral offer whereby the referrer can earn 40,000 points and the new account holder can earn 75,000 points after $6,000 in purchases in the first 3 months since it will yield more total points. Recent better offer: 90K after $6K spend in 6 monthd (expired 1/17/24 FM Mini Review: This one should be in everyone's wallet. Incredible welcome bonus for a no-annual-fee card. Great card for 5X categories. Excellent companion card to Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred. Click here for our complete card review Earning rate: 5X office supplies and cellular/landline/cable (on up to $25,000 in total purchases in 5x categories annually) ✦ 2X on the first $25K in combined purchases at gas stations and restaurants each cardmember year ✦ 5X Lyft through March 2025 Card Info: Visa Signature Business issued by Chase. This card imposes foreign transaction fees. See also: Chase Ultimate Rewards Complete Guide |
90K points ⓘ Affiliate 90K after $8K spend in 3 months$95 Annual Fee Alternate Offer: There is an in-branch offer of 120K points after $8K in purchases in the first 3 months. Recent better offer: 120K after $8K spend (expired 9/4/24) FM Mini Review: Great card for welcome bonus and 3X categories. Also consider theInk Business Cash for its 5X categories, and the Ink Business Unlimited to earn 1.5X everywhere. Earning rate: 3X travel, shipping, internet, cable, phone, and advertising with social media sites (up to $150K spend per year) ✦ 5X Lyft through March 2025 Card Info: Visa Signature Business issued by Chase. This card has no foreign currency conversion fees. Noteworthy perks: ✦ Points worth 25% more when redeemed for travel ✦ Transfer points to airline & hotel partners ✦ Cell phone protection against theft or damage See also: Chase Ultimate Rewards Complete Guide |
75K points ⓘ Affiliate 75K after $6K spend in 3 monthsNo Annual Fee Alternate Offer: You may be able to get an offer of 120,000 points after $6,000 in purchases via a Business Relationship Manager. FM Mini Review: Great welcome bonus for a fee-free card. Good option for earning 1.5X everywhere. Good companion card to Ink Business Preferred, Sapphire Reserve or Sapphire Preferred. Click here for our complete card review Earning rate: 1.5X on all purchases ✦ 5X Lyft through through March 2025 Card Info: Visa Signature Business issued by Chase. This card imposes foreign transaction fees. See also: Chase Ultimate Rewards Complete Guide |
Ultimate Rewards Consumer Cards
| Card Offer and Details |
|---|
20K points ⓘ Non-Affiliate Earn 20,000 points (worth $200 cash back) after spending $500 in the first 3 monthNo Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Great for 5X and 3x categories and World Mastercard benefits. Excellent companion card to Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred. Earning rate: 5x travel booked through Chase Travel℠ ✦ 5X Lyft through March 2025 ✦ 3x dining ✦ 3x drugstores ✦ 5X in rotating categories on up to $1,500 spend per quarter (Q4 2024: McDonalds, PayPal, Pet Stores & Selectr Charities) Card Info: Mastercard World issued by Chase. This card imposes foreign transaction fees. Noteworthy perks: Free DashPass for up to 3 months upon activation ✦ Cell phone protection ✦ Lyft credits ✦ $10 monthly credit for non-restaurant DoorDash orders See also: Chase Ultimate Rewards Complete Guide |
Up to 30K points / $300 cash back ⓘ Affiliate Earn an additional 1.5% on all purchases (up to $20K spent in the first year) - worth up to $300 cash back.No Annual Fee This card is likely subject to Chase's 5/24 rule (click here for details). Recent better offer: Unlimited Double Cash Back for 12 month (expired 1/11/24) FM Mini Review: Great for 3x categories and 1.5X everywhere else. Excellent companion card to Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred. Click here for our complete card review Earning rate: 5x travel booked through Chase Travel℠ ✦ 5X Lyft through March 2025 ✦ 3x dining ✦ 3x drugstores ✦ 1.5X everywhere else Card Info: Visa Signature or Platinum issued by Chase. This card imposes foreign transaction fees. Noteworthy perks: Free DashPass for up to 3 months upon activation ✦ $10 monthly credit for non-restaurant DoorDash orders See also: Chase Ultimate Rewards Complete Guide |
60K Points ⓘ Affiliate 60K after $4K spend in 3 months$95 Annual Fee Alternate Offer: There may be elevated offers available by applying in-branch A similar offer with the first year annual fee waived may be found in-branch. YMMV. Recent better offer: 60K points + $300 travel credit (Expired 11/14/24) FM Mini Review: Great signup bonus. Unlocks ability to transfer points to hotel & airline partners. Solid option to pair with fee-free Ultimate Rewards cards such as the Freedom cards, Ink Business Cash, and Ink Business Unlimited. Earning rate: 5X Travel booked through Chase Travel℠ (2X all other travel) ✦ 3X Dining ✦ 3X Select streaming services ✦ 3X Online grocery ✦ 5X Lyft (through March 2025) ✦ 10% annual point bonus Card Info: Visa Signature issued by Chase. This card has no foreign currency conversion fees. Noteworthy perks: Primary auto rental collision damage waiver ✦ $10 monthly credit for non-restaurant DoorDash orders ✦ Free DashPass through 2027 ✦ Transfer points to airline & hotel partners ✦ $50 back for hotel stays booked through Chase per cardmember year in the form of a statement credit |
60K Points ⓘ Affiliate 60K after $4K spend in 3 months$550 Annual Fee Alternate Offer: 70K after $4K spend showing on some accounts when logged-in to Chase Recent better offer: Expired 12/1/22: 80K after $4K spend FM Mini Review: Excellent all-around card for frequent traveler. Best when paired with no-fee Chase Freedom Flex, no-fee Freedom Unlimited & no-fee Chase Ink Cash Click here for our complete card review Earning rate: 10X hotels & car rentals booked through Chase Travel℠ ✦ 10X Chase Dining ✦ 5X flights booked through Chase ✦ 3X Travel and Dining ✦ 10X Lyft (through March 2025) Card Info: Visa Infinite issued by Chase. This card has no foreign currency conversion fees. Noteworthy perks: $300 Annual Travel Credit ✦ Points worth 1.5 cents each towards travel when booked through the Chase Travel(SM) Portal✦ Transfer points to airline & hotel partners ✦ Primary auto rental collision damage waiver ✦ Priority Pass Select lounge access ✦ Access Sapphire Lounges for yourself and 2 guests for free ✦ Access select Air Canada Maple Leaf lounges when flying Star Alliance ✦ Up to $120 Global Entry fee credit ✦ Free DashPass through 2027 See also: Chase Ultimate Rewards Complete Guide |
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“24 Month Rule: If you’ve previously had a card before, you can only get a welcome offer on that card again if you no longer have the card AND if it has been more than 24 months since you last received a welcome offer for that card. This rule does not apply to the Sapphire Preferred and Reserve cards (see below). There can be exceptions with some business cards.”
Which business cards are excepted from this rule? It would be helpful to specify whether the Chase Ink Business Preferred is or isn’t subject to this rule in an article about the Chase Ink Business Preferred!
No Ink cards are subject to the 24 month rule.
Thanks! Are any Chase business cards subject to the 24-month rule that you’re aware of? Perhaps some co-branded business cards?
Most, if not all, co-branded cards – although sometimes folks report seeing an offer that doesn’t have the language. Just to be clear though, this isn’t like the 5/24 rule in that it’s hidden but (usually) applied. The 24-month rule is explicitly stated on the landing page, the offer terms or both. If it’s not there, it means that the card isn’t subject to the 24-month restriction.
Understood — thanks, Tim Steinke!
Not sure if this may be changing or the Chase rep was wrong, but P2 in my house recently applied for the Ink Preferred card (via referral). After sending a message to Chase, the SUB was matched to the 120K offer instead of the 100K offer. The rep mentioned that she would receive the SUB under the condition that she hadn’t received a SUB for the same card in the past 24 months. Although she does have an Ink Preferred card, it’s under a different tax ID as she has two separate businesses. Not sure if that would make a difference.
Couple of questions:
1) Says in your post that it doesn’t add to 5/24 status, but I thought that because it’s a Chase card, they do count it even if it’s a business card because it’s a Chase branded card?
2) Is this particular card limited to once every 24 or 48 months?
Thank you!
No, Chase business cards don’t count towards 5/24. The only business cards that I’m aware of that do are the Capital One Spark cards, TD Bank and Discover.
There’s no official velocity limit on the Ink cards. Some folks are able to get the same card more than one time in the same year.
Ok thank you. I think I was confusing the fact that you can’t be over 5/24 to get approved for Chase’s business card. Glad to know they don’t count.
I thought this card wouldnt allow you to combine chase UR points from other cards. Did i dream that or did something change?
You’re thinking of the (very similarly named) Ink Business Premier.
@Tim Steinke Worth noting that outside the US, primary CDW coverage is good on personal auto rentals. Only within the US it has to be for business purposes.
The Ink Preferred is better compared to the CSR. The only things one would be missing are:
5X travel portal versus 10X travel portal3X on diningless robust travel protectionsyet another Priority Pass membershipI can deal with these. It’s a great card.
I just got an email offer this morning for Ink Business Premier. Same bonus and it’s 2% on purchases and 2.5 on purchases over $5000.
Just remember that the Business Premier’s points aren’t transferable to partners, regardless of which other cards you have.
Rewards on the Premier are straight cashback. They don’t transfer to Ultimate Rewards.