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 |
|---|
 ⓘ $1127 1st Yr Value EstimateClick to learn about first year value estimates 90K points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 90K after $8K spend in 3 months $95 Annual Fee 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 among top of 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 as 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 1.5 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:
- 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. when rented for business purposes. The business restriction doesn’t apply when renting abroad.
- Trip Cancellation/Interruption Insurance: Up to $10,000 per person and $20,000 per trip or the total amount paid with your card, whichever is lower.
- 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
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. You can have both an IHG personal and and IHG business card.
- 2 per month Rule: Most applicants are limited to 2 new cards per 30 days. Business cards are usually limited to one per 30 days.
- 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 |
|---|
 ⓘ $1029 1st Yr Value EstimateClick to learn about first year value estimates Up to $750 cash back* ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer $350 (*awarded as 35,000 points) after $3K spend in 3 months and an additional $400 (*awarded as 40,000 points) after $6K spend in 6 months. No Annual Fee 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 September 2027 Card Info: Visa Signature Business issued by Chase. This card imposes foreign transaction fees. See also: Chase Ultimate Rewards Complete Guide |
ⓘ $1127 1st Yr Value EstimateClick to learn about first year value estimates 90K points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 90K after $8K spend in 3 months $95 Annual Fee Recent better offer: 120K after $8K spend (expired 9/4/24) FM Mini Review: Great card for welcome bonus and 3X categories. Also consider the Ink 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 September 2027 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 |
 ⓘ $1074 1st Yr Value EstimateClick to learn about first year value estimates $750 cash back* ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer $750 (*awarded as 75,000 points) after $6k spend in 3 months No Annual Fee FM Mini Review: Great welcome bonus for a no annual fee 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 September 2027 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 |
|---|
 ⓘ $292 1st Yr Value EstimateClick to learn about first year value estimates $200 cash back* ⓘFriend-ReferralThis is a friend-referral offer. A member of the Frequent Miler community may earn a referral bonus if you are approved for this offer Earn $200 (*awarded as 20,000 points) after spending $500 in the first 3 months No 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 September 2027 ✦ 3x dining ✦ 3x drugstores ✦ 5X in rotating categories on up to $1,500 spend per quarter (Q2 2025: Amazon, Streaming Services) Card Info: Mastercard World issued by Chase. This card imposes foreign transaction fees. Noteworthy perks: Free DoorDash DashPass for 6 months upon activation ✦ Cell phone protection ✦ Lyft credits ✦ $10 quarterly credit for non-restaurant DoorDash orders See also: Chase Ultimate Rewards Complete Guide |
 ⓘ $371 1st Yr Value EstimateClick to learn about first year value estimates Limited Time Offer: $250 cash back* ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer Earn $250 (*awarded as 25,000 points) after spending $500 in the first 3 months 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℠ ✦ 3x dining ✦ 3x drugstores ✦ 2% cash back total on qualifying Lyft products and services purchased through the Lyft mobile application through 09/30/2027 ✦ 1.5X everywhere else Card Info: Visa Signature or Platinum issued by Chase. This card imposes foreign transaction fees. Noteworthy perks: Free DoorDash DashPass for 6 months upon activation ✦ $10 quarterly credit for non-restaurant DoorDash orders See also: Chase Ultimate Rewards Complete Guide |
 ⓘ $1360 1st Yr Value Estimate$50 prepaid hotel credit valued at $35 Click to learn about first year value estimates 100K Points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 100K after $5K spend in 3 months $95 Annual Fee FM Mini Review: Great welcome offer. Unlocks ability to transfer points to hotel & airline partners. Solid option to pair with no annual fee 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) ✦ 5X Lyft through 9/30/27 ✦3X Dining ✦ 3X Select streaming services ✦ 3X Online grocery ✦ 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 ✦ Free DoorDash DashPass through 2027 ✦ $10 off each month on one non-restaurant orders from DoorDash ✦ Transfer points to airline & hotel partners ✦ $50 back for hotel stays booked through Chase per cardmember year in the form of a statement credit |
 ⓘ $555 1st Yr Value Estimate$300 travel credit valued at $285 Click to learn about first year value estimates 60K Points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 60K after $5K 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 annual fee Chase Freedom Flex, Freedom Unlimited & Chase Ink Cash cards 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 ✦ 5X Lyft (through September 2027) 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 coverage ✦ 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 or TSA PreCheck® or NEXUS Application Fee Statement Credit ✦ Free DoorDash DashPass through 2027 ✦ Two promos of $10 off each month on non-restaurant orders from DoorDash ✦ $5 off restaurant order each month from DoorDash ✦ $10 monthly Lyft credit 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 just got denied for an Ink card, Chase told me because of 5/24 rules. However, when they named the cards I have, 3 of them are biz through Capitalone, Barclay, and BOA. Do you know why the Barclay and BOA biz cards were taken toward the rule?
Within the last week, Chase business cards have been reporting utilization to credit bureaus, we’re not sure if it’s a change in policy or or just a quirk that will be fixed, so there’s something odd happening there.
Did the rep actually say “5/24” or did were they referring to recent inquiries? The hard pull from your Barclays and BOA applications would be there, but they shouldn’t be able to see the monthly account utilization. Also, there haven’t been any payments issues with the Barclays and BOA cards, correct?
They particularly mention 5/24. I asked them to list the cards out: Citi (AApersonal), Barclay (AAbiz), Cap1(Spark), Amex(gold), Citi (personal). I mistyped BOA biz was not on the list. I know Spark is a bad one, but Barclay is something I don’t know why.
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.