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Chase Ink Business Preferred® is an excellent travel rewards card for business owners who don’t want to pay a high annual fee. It allows you to maximize rewards, access unique additional perks like cellphone insurance, and add employee cards at no additional cost.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to Compare to view the details in a side-by-side comparison.
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BEST FOR:
Maximizing travel rewards at a lower annual fee
Intro APR
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Credit Needed
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- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- 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
- Round-the-clock monitoring for unusual credit card purchases
- 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
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- $0 foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the welcome offer
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection: Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards: You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Annual Fee
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Credit Needed
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- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- 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
- Round-the-clock monitoring for unusual credit card purchases
- 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
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- $0 foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the welcome offer
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection: Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards: You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
How We Evaluate Travel Rewards Business Credit Cards
When grading small business travel rewards credit cards like the Chase Ink Business Preferred®, we first consider ongoing rewards, introductory rewards, and additional features. We also consider the annual fee and its introductory and ongoing annual percentage rates (APRs).
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 22 | 25 |
Introductory Rewards | 23 | 25 |
Additional Features | 25 | 25 |
Annual Fee | 7 | 15 |
Introductory APR | 0 | 5 |
Ongoing APR | 3 | 5 |
Total Score | 80 | 100 |
Who Chase Ink Business Preferred® Is Best For
- Those who travel frequently: It lets you earn 3 points per dollar spent on the first $150,000 on selected categories, including travel.
- Those that purchase advertising on social media sites: It’s ideal for businesses that buy advertising through either Facebook or Google regularly because it offers generous rewards for online ad purchases.
- Those who need employee cards: It allows you to add employee cards for free, set individual employee spending limits, and monitor business-related expenses.
See our recommended alternatives below if this card isn’t the best fit for your business.
Chase Ink Business Preferred® Rewards
- 100,000 bonus points when you spend $8,000 on purchases in the first three months after opening an account (worth $1,000 cash back or $1,250 in travel rewards when redeemed through Chase Ultimate Rewards®)
- 3x points per dollar spent on the first $150,000 spent in combined purchases in four categories for each account anniversary year; categories include travel, shipping purchases, advertising on search engines and social media sites, and expenses on internet, cable, and phone services
- Unlimited 1 point per dollar spent on all other purchases; points don’t expire for as long as your account is active
Chase Ink Business Preferred® Calculator
Through our calculator, find out how much you can earn from Chase Ink Business Preferred® based on your estimated monthly expenses. Just enter your expected monthly spending—and our calculator will do the rest.
Note that each point redeemed through the Chase Ultimate Rewards is valued at 1.25 cents.
How To Redeem Chase Ink Business Preferred® Rewards
Points are worth 25% more after redeeming for travel through Chase Ultimate Rewards (for example, 100,000 points are worth $1,250 towards travel). You can also do a 1:1 point transfer to participating travel programs (discussed further below).
You can redeem your rewards for travel, cash back, or gift cards. The redemption value for cash back is $0.01 per point, meaning every 100 points equals $1 in redemption value. When redeeming your points through travel booked through Chase Ultimate Rewards, each point is worth 1.25 cents, meaning every 100 points equals $1.25 in redemption value.
1:1 Point Transfer
You can transfer earned Chase Ultimate Rewards points to participating in frequent travel programs at full 1:1 value—meaning one Chase Ultimate Rewards point equals one partner mile/point. Below are the participating airline travel and hotel travel partners:
Airline Travel Partner | Hotel Travel Partners |
|---|---|
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Chase Ink Business Preferred® Features
Travel and purchase coverage
- Trip cancellation/trip interruption insurance: If your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your pre-paid, non-refundable travel expenses—this includes passenger fares, tours, and hotels.
- Roadside dispatch: Call (800) 847-2869 anytime to dispatch the roadside assistance you need—from a tow, jump-start, and tire change to lockout service, winching, or gas delivery. Note that roadside service fees will be provided when you call and are billed to this card.
- Auto rental collision damage waiver: You can decline the rental company’s collision insurance and charge the entire rental cost to this card. Take note that coverage is primary when renting for business purposes and can provide reimbursement of up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill if you pay it with this card. A maximum of three claims in 12 months with a $100 deductible per claim is available.
- Purchase protection: Cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account.
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year on eligible warranties of three years or less.
Card management
- Chase Ink®: The brand gives you 24/7 access to view account details and quarterly reports of up to 24 months of statement details and more.
- Separate business and personal expenses: You can track expenses and maintain records for tax reports and other business needs easily by integrating this card with bookkeeping software to simplify accounting.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts—and you can choose how you’d like to receive them.
- Free employee cards: You can request employee cards at no additional cost and set individual spending limits—helping you earn rewards even faster.
- Build business credit: You can access your credit history through Chase Ink®.
Chase Ink Business Preferred® Fees
APR
- Introductory: None
- Ongoing, balance transfer and My Chase LoanSM: 21.24% to 26.24% variable—adjusts with the prime rate
- Cash advance: 29.99% variable—adjusts with the prime rate
- Penalty: Up to 29.99% variable—adjusts with the prime rate; default APR may be applied to your account indefinitely if you fail to make a minimum payment by the date and time it’s due or make a payment that’s returned unpaid
Fees
- Annual: $95
- My Chase PlanSM (fixed finance charge): Monthly fee of 1.72% of the amount of each eligible purchase transaction or amount selected to create a My Chase Plan. The fee will be determined when each My Chase Plan is created and will remain the same until it’s paid in full
- Balance transfer: Either 5% of the amount of the transfer or $5, whichever is greater
- Cash advance: Either 5% of the amount of the advance or $15, whichever is greater
- Foreign transaction: None
- Late and returned payments: $40
- Return check: None
Your due date is at least 20 days after the close of each billing cycle.
How To Make Payments
- Online or Chase Mobile® App: Go to chase.com/paycard to sign in and make a payment online. You can also enroll in automatic payments through the website or mobile app. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay, such as the full statement balance, minimum payment due, or any fixed amount.
- Phone: Call the automated phone service at (800) 436-7958.
- Mail or money order: Include your name and full account number on your check or money order—and don’t send cash. Mail your payment to the following address:
Cardmember Services
PO Box 6294
Carol Stream, IL 60197-6294
Alternatively, you can send your payment via overnight mail to the following address:
Chase Card Services
201 N. Walnut St.
Del-0153
Wilmington, DE 19801
- Nearest Chase ATM or branch: Find the nearest Chase ATM or branch.
Chase Ink Business Preferred® Alternatives
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back with long 0% APR period
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.99% - 27.99% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.99% - 27.99% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
When To Consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
- You plan to make large purchases: It offers a 0% introductory period on purchases for the first 12 billing cycles.
- You want to earn cash back rewards: It lets you earn up to 5% cash back on selected spending categories.
Other Benefits
- Receive a sign-up bonus of $750 cash back after spending at least $6,000 in eligible purchases within the first 180 days from the date of account opening
- Divide large purchases into fixed monthly payments through U.S. Bank’s Pay Over Time feature
- Redeem earned cash back as a statement credit, a credit to your U.S. Bank Rewards card, or a deposit to your U.S. Bank business checking, savings, or money market account; redemption can be done online or via the U.S. Bank Mobile App
Its long 0% introductory period and cash back rewards are why it is included in our roundups of the top cards for new businesses with no credit history and best small business credit cards. Refer to our guide to the leading U.S. Bank business cards for more options from the issuer.
Bank of America Business Advantage Travel Rewards World Mastercard
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
When To Consider the Bank of America Business Advantage Travel Rewards World Mastercard
- You wish to earn fixed-rate points rewards: It lets you earn 1.5x points on all purchases.
- You have an active Bank of America business checking account: It lets you earn an additional 2.62 points for every dollar spent on all purchases through the Preferred Rewards for Business program.
Other Benefits
- Receive 30,000 bonus points after spending at least $3,000 in purchases within the first 90 days from the date of account opening
- Access and monitor your credit score through Business Advantage 360
This card is part of our lists of the leading business cards for travel and top credit cards for real estate agents. See our roundup of the best Bank of America business cards if you want additional cards from the issuer.
Capital One Spark Miles for Business
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BEST FOR:
Unlimited 2x miles with every swipe
Intro APR
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Regular APR
reg_apr,reg_apr_type
Annual Fee
annual_fees
Credit Needed
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- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge balance transfer and foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases and balance transfers
- Charges an annual fee after the first year
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA PreCheck® once every four years.
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Annual Fee
annual_fees
Credit Needed
credit_score_needed
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge balance transfer and foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases and balance transfers
- Charges an annual fee after the first year
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA PreCheck® once every four years.
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
When To Consider the Capital One Spark Miles for Business
- You want to earn miles rewards: It lets you earn 2x miles on all purchases.
Other Benefits
- Get 50,000 one-time bonus miles after spending $4,500 on purchases within the first three months from the date of account opening
- Redeem earned miles rewards for new travel reservations and previous travel purchases through the Capital One Travel
Its fixed-rate miles rewards are why it’s our best business card for miles and one of our leading business cards for travel. For more cards from the issuer, see our list of the top Capital One business credit cards.
Frequently Asked Questions (FAQs)
Having a strong credit score can increase your chances of securing the Chase Ink Business Preferred®. If you do not have a solid business credit score, Chase takes your personal credit score into consideration.
No, Chase Ink Business Preferred® does not offer airport lounge access.
Call the number on the back of your Chase credit card to request a credit limit increase for your Chase Ink Business Preferred®.
Bottom Line
Chase Ink Business Preferred® is a good option if you travel frequently and if part of your business expenses come from advertising through either Facebook or Google. While it doesn’t have an interest-free financing option on both purchases and balance transfers, it doesn’t charge foreign transaction fees. What’s more, you can earn 3 points per $1 on the first $150,000 spent in combined purchases in four categories for each account anniversary year.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
