OMAAT offers a referral bonus to anyone who has been approved by using the links below. This is in the interests of full disclosure. These are the best public offers we found (terms apply). These opinions are solely the author's and not the views of any bank, credit card issuer or airline. They have not been approved or endorsed by any entity. For more information about our partners, please see our advertiser policy. Thank you for your support!Small business credit cards today are more competitive than ever. They can help you earn valuable rewards and in some cases, business credit cards can also provide valuable perks that could save you money and give you peace of mind when you make purchases.Chase Ink Business Preferred Cards Basics August 2021Ink Business Preferred Credit Card, which was launched in 2016, is my favorite business credit card. You get a great sign-up bonus, a reasonable annual fee, outstanding bonus categories, and other valuable perks. Let's take a look at the details.Chase Ink Preferred Welcome Bonus of 100K PointsInk Preferred Card offers a fantastic welcome bonus of 100,000 Chase Ultimate Reward points for purchases made within the first three month of account opening.This is as generous as the welcome bonuses I get on my credit cards. Ultimate Rewards points have a value of 1.7 cents per point, so 100,000 points can be worth $1,700.Chase 5/24 RuleChase uses a rule called the 5/24 rule. This means that you won't usually be approved for the card if five or more cards have been opened in the last 24 months. If you apply for the card, ensure that your credit limit is not exceeded. Here's how to determine your 5/24 status and here are the general rules for applying for Chase business cards.Chase Ink Preferred $95 Annual ChargeThe $95 annual fee for this Ink Business Preferred is one of the lowest annual fees on a premium business credit card. You can add your employees to your card for no additional cost. This means that you can earn points for them spending at an accelerated rate.Earn points with The Ink PreferredThe Ink Preferred Card is a great card because it has an amazing points earning structure. You can earn as much as triple points for many purchases.3x Points CategoriesInk Business Preferred gives you 3x Ultimate Rewards points for the following categories:TravelShipmentsInternet, phone and cable servicesAdvertisement purchases with search engines and social media sitesThese are all very useful bonus categories that can be used by most businesses. This category includes everything from hotels to flights to rentals cars to parking to ridesharing.Many businesses have phone and internet service costs. You can earn triple points for those categories. It could be very profitable for businesses that spend a lot of money on search engine advertising or social media (e.g. Google or Facebook).For a complete breakdown of each category, click hereI believe there is no better business card in terms of the benefits you'll receive, and it only costs $95 annually.Get 3x points for travel purchases made with Ink Preferred$150,000 Annual LimitYou can earn 3x points for every $150,000 you spend in these categories together each year. This means that they don't use a January 1 to December 31 calendar. Instead, it is based on a rolling 12-month period from the date you opened your account.No Foreign Transaction FeesInk Business Preferred does not charge foreign transaction fees. This card is ideal for international purchases.No foreign transaction fees when you use the Ink Prefer abroadYou can redeem points with The Ink PreferredInk Preferred Cards earn Chase Ultimate Rewards points. You can use these points to redeem for travel rewards in two ways:Points can be used to purchase travel through Ultimate Rewards and for certain other purchases using the Pay Yourself back feature.Transfer points at a 1:1 ratio with over a dozen hotel and airline partnersThese are the Ultimate Rewards hotel and airline partners:Airline Partners Hotel Partner Aer Lingus AerClub IHG Reward Air Canada Aeroplan Marriott Bonvoy Air France–KLM Flying Blue World of Hyatt British Airways Executive Club Emirates Skywards Iberia Plus JetBlue TrueBlue Singapore KrisFlyer Southwest Swift Rewards United MileagePlus Virgin Atlantic FlyingClub Chur Ultimate Rewards Transfer PartnersMy favorite way to use Ultimate Rewards points is to transfer them to hotel and airline partners. This allows you to get a huge value for your aspirational redemptions. You can redeem for business and first class tickets, which would be thousands or even thousands of dollars if you paid cash, as well as luxury hotels, which would run $1,000+ per night.For a stay at Park Hyatt Paris, redeem Ultimate Rewards pointsInk Business Preferred Cards BenefitsThe Ink Preferred Card has a huge sign-up bonus and 3x point earning categories. The card's benefits go beyond this.Let's take a look at the Ink Business Preferred benefits, which include car rental coverage and an incredible cell phone protection plan. In all cases, you will need to refer to your cardmember agreement for more details.Ink Preferred Cell Phone ProtectionInk Business Preferred offers coverage up to $600 per claim for cell phone theft or damage. This protection is available for both you and your employees when you pay your Chase Ink Business Preferred. There is a $100 deductible for each claim. You may only have three claims per 12 months.For more information on Ink Business Preferred cell-phone protection plans, please visit this link.Ink Preferred Car Rental InsuranceThe Ink Business Preferred provides a great primary auto rental CDW (collision Damage Waiver) benefit.This applies to renting internationally for business purposes, but it also applies when renting outside the United States for personal reasons.Deny the rental company's collision insurance and charge all rental costs to your cardFor more information on the Ink Business Preferred CDW benefits, please visit this link.Ink Business Preferred provides car rental coverageExtended Warranty Protection for Ink PreferredInk Business Preferred allows you to extend the US manufacturer's warranty for an additional year on warranties less than three years.For more information on Ink Business Preferred extended warranties protection, please visit this link.Ink Preferred Trip Cancellation & Interrupt InsuranceYou can get reimbursements up to $5,000 for pre-paid, non-refundable expenses such as hotel and passenger fares if your trip is canceled or cut short due to sickness, severe weather, or other covered circumstances.If your flight is canceled, this coverage could be very helpful.Are You a Good Candidate for The Ink Business?Although I believe the Ink Preferred business credit card is the best, it's not for everyone. I decided to compare some cards and share my opinions on which one makes the most sense.Quick Comparison: Chase Sapphire PreferredBoth are Chase cards with Preferred in their names, so I thought it would make sense to compare the Ink Preferred and the Chase Sapphire Preferred Card (review). What is the difference between these cards?The Ink Preferred card is for business, while the Sapphire Preferred card is for personal use.Both cards currently have outstanding welcomes. The Ink Business Preferred offers a bonus bonus of 100,000 Points, while the Sapphire Preferred has a bonus bonus of 100,000 Points with a lower spending requirement.Ink Preferred gives you up to 3x points for travel; Sapphire Preferred offers 2x points for diningThe Ink Preferred provides cell phone protection. The Sapphire Preferred does not.This comparison is simply because they both have Preferred in their names. However, I believe the Ink Preferred card is more complete. The Sapphire Preferreds bonus, which is currently available, is quite remarkable and makes it worth your while.Complements: Ink Business Cash and Ink Business UnlimitedThe Ink Business Preferred Chase's premium business credit card is available, but there are also the Ink Business Unlimited Credit Card and Ink Business Cash Credit Card (review). These cards can be great complements and it is possible to have all three. I have all three.Other cards offer sign up bonuses of up to 75,000 points and no annual fees. They also offer great bonus categories.Ink Business Unlimited gives 1.5x points for all purchases. This is the card that I use every day, and it's also non-bonused.Ink Business Cash offers 5x points for the first $25,000 combined purchase per cardmember-year on office supplies, internet, cable TV and mobile phones. 2x points are offered on the first $25,000 combined purchase per cardmember-year on restaurants and gas stationsFor a complete comparison of all three cards, see hereEarn Cash Back InsteadThe Ink Business Preferred is a good option for most businesses. However, there is one exception. The Ink Preferred is not recommended if you are looking for a cash-back business card. It is a great card for travel rewards.Consider a card such as the American Express Blue Business Card (review), which does not have an annual fee (Rates and Fees), and gives 2% cashback on your first $50,000 in calendar year. After that, it is 1%.Chase Ink Business SummaryInk Business Preferred Card has my highest rating. It is the best-rounded business credit card. This card comes with a huge sign-up bonus and incredible 3x points categories to help businesses spend on common categories. It also offers amazing protection that includes cell phone protection, car rental damage, and purchase protection.Although I wouldn't recommend this card to anyone who is strictly looking for cashback, it's a great option for anyone else.Apply Now to the Chase Ink Business Prreferred Program with 100K Bonus Points!These links will take you to the fees and rates for American Express Cards. These are: American Express Blue Business Card Rates & Fees
