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If you're in the market for a business card, the Ink Business Preferred® Credit Card (see rates and fees) has one of the top welcome offers. Plus, it earns Chase Ultimate Rewards® points, which are some of the most useful and flexible travel rewards.
Here's what you need to know about this business credit card's benefits and eligibility requirements.
The Ink Business Preferred® Credit Card is an excellent business card with useful benefits, valuable rewards and a generous welcome bonus.
- Earns flexible travel rewards you can transfer to airline and hotel loyalty programs such as World of Hyatt, Southwest Rapid Rewards and many more
- Valuable welcome bonus worth $1,125 in travel when redeemed through Chase Travel
- Strong travel and shopping protections
- No intro APR offer
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Earn 5x total points on Lyft rides through 9/30/27.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Go further when you book with Chase TravelSM. Enjoy competitive rates, seamless booking and premium benefits.
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Receive complimentary access to DashPass by DoorDash.
- Member FDIC
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Chase Ink Business Preferred welcome bonus
New Ink Business Preferred cardholders can earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
There are also 14 Chase Ultimate Rewards 1:1 transfer partners you'll have access to as an Ink Business Preferred cardholder. By taking advantage of the best that each travel partner offers, you can dramatically increase the value of your Chase points. For example, you can book a one-way business class flight (under 4,000 miles) from the U.S. to Europe on a Star Alliance airline such as United for 80,000 Aeroplan miles, which is a 1:1 transfer partner with Chase.
Several of Chase's transfer partners use dynamic pricing, so you have to shop around to find the best deal for you.
Chase Ink Business Preferred rewards
The Ink Business Preferred is an exceptionally valuable business card because it earns Chase Ultimate Rewards points, and it earns them on common business expenses. You'll earn 3X points on the first $150,000 spent in combined purchases in select categories each account anniversary year; those categories are:
- Travel
- Shipping
- Internet, cable and phone services
- Advertising purchases with social media sites and search engines
You'll also earn 1X points on all other purchases.
Chase Ink Business Preferred benefits
The card also has a strong list of travel and purchase protections. Eligible purchases qualify for:
- Trip cancellation and interruption protection
- Travel and emergency assistance services
- Rental car collision damage waiver
- Roadside dispatch
- Purchase protection
- Extended warranty protection
- Cell phone protection
This card has no foreign transaction fees and no additional fee for employee cards.
Chase Ink Business Preferred eligibility
To have the best chance at being approved for the Ink Business Preferred, you'll need a good to excellent credit score. It's also a small business card, so you'll need some type of business to qualify; however, that doesn't mean it needs to be a full-time business; you may be eligible with a side hustle or freelance gig. For more details on how to apply, take a look at our guide on how to apply for a Chase business credit card.
Chase also has an unofficial 5/24 rule and if you have opened five or more credit cards from any bank in the past 24 months, you're less likely to be approved for a new Chase credit card.
Alternative cards to consider
The Blue Business® Plus Credit Card from American Express is a great no-annual-fee business card (see rates and fees) because it also earns transferable points. You'll earn 2X American Express Membership Rewards points when you spend up to $50,000 on purchases using the card each year (then 1X points; terms and limitations apply). This makes it a good option if you're just starting a business, even though it doesn't have the massive intro bonus that you'll get with the Ink Business Preferred.
The Blue Business® Plus Credit Card from American Express is a great option if you're starting a business because it's affordable, earns flexible travel rewards and offers an intro-APR on purchases for a year.
- Valuable intro-APR offer for purchases for 12 months
- Earns flexible rewards you can transfer to 20+ airline and hotel loyalty programs
- No annual fee
- Bonus rewards for purchases are capped
- Few useful travel insurance benefits
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.74% - 28.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms and limitations apply.
- You've got the power to spend above your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
- See Rates & Fees
Balance transfer fee
N/A
Foreign transaction fee
2.7% of each transaction after conversion to US dollars.
Business owners who can benefit from luxury travel perks will be interested in what the Capital One Venture X Business Credit Card offers. It has a massive welcome bonus and earns at least 2X Capital One miles per dollar on every purchase, plus these miles transfer to 18 airline and hotel loyalty programs. While it has a higher $395 annual fee, every year you'll get a $300 travel credit for bookings through Capital One Business Travel and 10,000 bonus miles on your card anniversary (worth at least $100 in travel). You also get airport lounge access through the Partner Lounge Network and up to $120 in Global Entry or TSA PreCheck® credit.
The Capital One Venture X Business Credit Card has all the benefits you expect with a premium business card, including flexible travel rewards, airport lounge access and travel insurance.
- Extremely valuable welcome bonus
- 10,000 bonus miles after every card anniversary
- Unlimited complimentary access to 1,300+ airport lounges, including Capital One Lounge and Landing locations
- Annual $300 credit for bookings through Capital One Business Travel
- Limited bonus spending categories compared to other business credit cards
- High annual fee
- No airport lounge access for employee cardholders
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge and Landing locations and participating Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- Your card is designed to be paid in full. However you have the option to carry over a portion of your balance with interest if needed. Pay at least the minimum payment amount by your payment due date, otherwise you'll be charged a 2.99% late fee
- Top rated mobile app
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For rates and fees of the Blue Business® Plus Credit Card from American Express, click here.
