Chase Ink Business Preferred® Credit Card Review (2024)


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 all this comes 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
100K points ⓘ Affiliate
100K after $8K spend in 3 months
$95 Annual Fee
Recent better offer: 80K after $5K spend. Many preferred the 80K offer due to the much lower spend requirement

Chase Ink Business Preferred Review

The Chase Ink Business Preferred can be an excellent 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 a sneaky good travel rewards card (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 Portal 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 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 Iltimate 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


  • 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.


  • No spending multipliers for dining or supermarkets.
  • Car rental insurance is officially limited to rentals for business purposes.
  • It’s missing the perks of the Sapphire Preferred, including the $50 hotel 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 ProgramChase Transfer RatioBest Uses
Aer Lingus Avios1 to 1Fuel 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 Aeroplan1 to 1Redeem 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 Blue1 to 1Monthly 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 Avios1 to 1While flights on British Airways itself often incur outrageously high fuel surcharges, many BA partners charge low or no fuel surcharges. Excellent value can be had in redeeming BA points for short distance flights. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets.
Emirates Skywards1 to 1The best use of Emirates miles has been to fly Emirates itself. Unfortunately fuel surcharges can be steep. See: Emirates Sweet Spot Awards - First class from 30K miles round trip.
Hyatt1 to 1Use for Hyatt free nights, free suite nights, lounge upgrades, or suite upgrades. Hyatt points are often worth at least 2 cents each, but they’re sometimes worth far more. Bonus: award nights are not subject to resort fees.
Iberia Avios1 to 1On 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.
IHG1 to 1IHG 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.
JetBlue1 to 1JetBlue 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 Bonvoy1 to 15th Night Free awards. Opportunities to get outsized value exist but can be hard to find.
Qatar Privilege Club Avios1 to 1 via BAQatar 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 KrisFlyer1 to 1Use 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 Rewards1 to 1Award 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 MileagePlus1 to 1United 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 Club1 to 1Virgin Atlantic offers a few great sweet spot awards including US to Europe on Delta One business class for 50K points one-way. 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.
  • 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: 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.
  • "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.
  • 2 per month Rule: Most applicants are limited to 2 new cards 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 Consumer Cards

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Ultimate Rewards Business Cards

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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.

Last edited 11 days ago by Lee

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.


Rewards on the Premier are straight cashback. They don’t transfer to Ultimate Rewards.