Top Reasons to Get This Card
Great Rewards
You can get 3 points per $1 spent (up to $150,000 each year) on travel and specific business categories including:
- Shipping purchases
- Advertising purchases made with social media sites and search engines
- Internet, cable and phone services
You get 1 point per $1 spent by the card on all other purchases.
Ink Business Preferred® Credit Card Welcome Offer
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Other Benefits
In addition to card_name sign-up bonus and reward points, you get:
- Increase the worth of your points by 25% more when redeemed for travel via Chase Ultimate Rewards®
- Round-the-clock monitoring, which helps detect unusual credit card purchases
- Zero Liability, so you won’t be held responsible for unauthorized charges
- You can redeem the points you earn for cash back, gift cards, travel, etc.
- Get Purchase Protection for new purchases for 120 days against damage or theft
Pros and Cons
Pros
- Your points never expire (as long as you have the card/account)
- An impressive sign-up bonus and many decent and easy-to-get rewards
Cons
- You don’t get an intro APR
Is this the Right Card for You?
The search for the best reward credit card for small businesses ends with the card_name. Though Chase Ink Business Preferred annual fee is $95, it is easily outpaced by significant rewards you earn and considerable other benefits.
Consider this, If you spend $5,000 each month on travel and other business categories, you will earn 3X points which add up to $5,000*12*3 = 180,000 points each year which can be worth over $2,700. Also, not to forget 1X points you earn on other purchases. So the points add up quickly and pay back much more than card_name annual fee.
card_name benefits also include 1:1 points transfer to several airlines and hotel rewards program. And if you are looking to carry this card on international travels, you should know Chase Ink Preferred foreign transaction fees is zero.
If you are wondering – is card_name hard to get, then the answer is no, as most small businesses with a decent credit score can get it.
Overall, this is a practical and rewarding small business credit card many people love to get. card_name sign-up bonus is very appealing and worth signing up for. So, don’t hesitate to get the card today.
Chase Ink Business Preferred FAQs
How to get Ink Business Preferred® Credit Card?
You need a few things to qualify for the card_name.
First, you need to have an excellent credit score (in the mid-700s or higher).
Second, you need to be 18 or older.
Third, you need a decent business income and a decent personal income, as well as a good personal credit score.
Also, you need to ensure that you didn’t apply for five credit cards in the last 24 months or you won’t qualify as per the Chase 5/24 rule.
How to apply for Ink Business Preferred® Credit Card without a business?
People who operate as sole proprietors don’t need a business to have a tax ID number.
You can use your social security number.
You also need to provide your business’s legal name, address, and phone number.
How to get approved for Ink Business Preferred® Credit Card?
To increase the approval odds for the card_name, make sure you meet the criteria mentioned in the first FAQ, like a decent credit score, a decent income, and qualification for the 5/24 rule.
Can you downgrade Ink Business Preferred® Credit Card?
Yes, you can downgrade your card_name by talking to the customer service team of Chase on this number – 800-432-3117
Does Chase Ink Business Preferred® Credit Card count towards 5/24?
If you are approved for a Chase Business Card, it shouldn’t add to the 5/24 standing you have.
But please note that you must be below 5/24 to get approval for most Chase business cards.
How much is the Ink Business Preferred® Credit Card fee?
The card_name has an annual fee of $95. It doesn’t have a foreign transaction fee which can be up to 3% on other cards.
You can offset the annual fee easily by spending $3,167 per year on the combined 3X reward categories mentioned by the card issuer.
You will most likely earn more rewards than the fee you pay with modest spending of $500-$1,000 each month.
Is Ink Business Preferred® Credit Card hard to get?
Is CInk Business Preferred® Credit Card Metal?
No. The card_name is not a metal card. It is a plastic card.
What is the 48-month rule for Chase Ink?
Many people are unaware of the 48-month rule as it’s relatively new.
As per this rule, you cannot get a Sapphire sign-up bonus if you have a Preferred or Reserve bonus in the last 48 months.
Is Ink Business Preferred® Credit Card worth it?
Yes. The card_name is worth it for most businesses and even freelancers as it has the highest sign-up bonus among Chase cards, comes with a lower spending requirement, and is easy to get for most business owners.
It offers 3X rewards on several categories, and the points are worth approximately 1.25 cents each.
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