Chase Ink Business Preferred® is an excellent travel rewards card for business owners who don’t want to pay a high annual fee. This card allows you to maximize your rewards and access unique additional perks like cellphone insurance. This small business credit card also lets you add employee cards at no additional cost.
Ink Business Preferred® Credit Card
BEST FOR:
Maximizing travel rewards at a lower annual fee
- Earn 100k bonus points after you spend $15,000 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
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- 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.
Pros
- Opportunity to boost the value of reward points
- Offers cellphone protection and trip cancellation insurance
Cons
- Doesn’t offer an interest-free financing period
- Charges an annual fee
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Cellphone protection: You and the employees named on the phone bill you pay for with your card are covered for up to $600 in theft or damages per claim. You are limited to three claims per 12-month period, with a $100 deductible per claim.
- Trip cancellation and delay insurance: If your trip is canceled, you can be compensated up to $15,000 for prepaid expenses such as airfare or hotels. If your trip is delayed for 12 hours or more, you can be reimbursed up to $500 for your hotel room, meals, and transportation.
- Earn 100k bonus points after you spend $15,000 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
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- 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.
Pros
- Opportunity to boost the value of reward points
- Offers cellphone protection and trip cancellation insurance
Cons
- Doesn’t offer an interest-free financing period
- Charges an annual fee
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Cellphone protection: You and the employees named on the phone bill you pay for with your card are covered for up to $600 in theft or damages per claim. You are limited to three claims per 12-month period, with a $100 deductible per claim.
- Trip cancellation and delay insurance: If your trip is canceled, you can be compensated up to $15,000 for prepaid expenses such as airfare or hotels. If your trip is delayed for 12 hours or more, you can be reimbursed up to $500 for your hotel room, meals, and transportation.
Want to compare the features of one card to another? We’ve made it easy for you to do just that! Simply check off up to three cards on this page to add them to your cart. This will allow you to view the details in a side-by-side comparison.
How We Evaluate Travel Rewards Business Credit Cards
When grading small business travel rewards credit cards like the Chase Ink Business Preferred® card, we weigh ongoing rewards, introductory rewards, and additional features the heaviest. We also take into account the annual fee, introductory no-interest period, and ongoing annual percentage rates (APRs).
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 25 |
Introductory Rewards | 25 | 25 |
Additional Features | 25 | 25 |
Annual Fee | 15 | 15 |
Introductory APR | 0 | 5 |
Ongoing APR | 3 | 5 |
Total Score | 88 | 100 |
Who Chase Ink Business Preferred® Is Best For
- Owners who have significant travel expenses: Chase Ink Business Preferred® is best for business owners who have significant travel expenses but don’t need travel perks like airport lounge access or free expedited airport security screening. Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards®.
- Businesses that purchase advertising on social media sites: Chase Ink Business Preferred® is also ideal for businesses that regularly buy advertising through Facebook or Google because it offers generous rewards for online ad purchases.
- Businesses that need employee cards: Chase Ink Business Preferred® allows you to add employee cards at no additional cost, set individual employee spending limits, and monitor business-related expenses.
Chase Ink Business Preferred® Fees
- Introductory APR: None
- Ongoing APR: 15.99% to 20.99% variable, which will adjust with the prime rate
- Annual fee: $95
- Balance transfer fee: Either 5% of the amount of the transfer or $5, whichever is greater
- Foreign transaction fee: None
- Cash advance fee: 5% of the advance or $15, whichever is greater
Chase Ink Business Preferred® Rewards
- 3 points per $1 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 $1 on all other purchases
Welcome offer: You’ll get 100,000 bonus points when you spend $15,000 on purchases in the first three months after opening an account.
You can redeem your rewards for travel, cash back, or gift cards. When redeeming for cash back or gift cards, your redemption value is 1 cent per point. When redeeming for travel through Chase’s Ultimate Rewards website, travel is worth 1.25 cents per point.
Tip: You can increase your redemption value when you transfer rewards to the Chase Sapphire Reserve personal credit card. Each point is worth 1.5 cents when redeemed for travel. You may be able to boost the redemption value further by transferring your Chase Ultimate Rewards points to one of the issuer’s airline partners. When transferred, point values vary, but your redemption value could exceed 2 cents per point or more when booking flights.
Chase Ink Business Preferred® Additional Features
Cellphone Protection
When you pay your monthly cellphone bill with your Chase Ink Business Preferred® card, Chase will cover you in case of loss or theft. Your cellphone and employees’ phones listed on your bill are covered for theft or damages up to $600 per claim. You are limited to three claims or up to $1,800 worth of benefits per 12-month period with a $100 deductible per claim. This is supplemental insurance that will take effect after all other insurance benefits are exhausted.
Trip Cancellation/Interruption Insurance
The trip cancellation and interruption insurance covers up to $5,000 per person and $10,000 per trip for canceled or interrupted trips due to death, illness, injury, severe weather, change in military orders, terrorist action, quarantine, subpoena from the courts, or financial insolvency of the travel agency or supplier. To be eligible, at least a portion of the trip should have been paid using your Chase Ink Preferred card.
Trip Delay Reimbursement
If your trip or overnight stay is delayed for more than 12 hours due to equipment failure, bad weather, labor strikes, or hijacking, you’re eligible for a reimbursement of expenses when you have paid for a portion of the delayed trip using your Chase business credit card. The coverage of up to $500 each is available to the cardholder, the cardholder’s spouse, and dependent children younger than 22 years old. Covered expenses include meals, lodging, toiletries, and medication.
Baggage Delay Protection
If your checked baggage is delayed or misdirected by a carrier for more than 6 hours, you and your immediate family members are eligible for a $100-per-day benefit for up to five days. The coverage is limited to purchases of essential items like clothing, toiletries, and charging cables for cellphones. It does not include jewelry, watches, cameras, video recorders, cellular phones or other electronic equipment, contact lenses, eyeglasses, hearing aids, prosthetic devices, money, and other important documents.
Lost Luggage Reimbursement
If your checked or carry-on luggage is lost or damaged while you are traveling on a flight or traveling on another covered carrier, such as a passenger train, you and your immediate family members are eligible for reimbursement of up to $3,000 for each covered person. That coverage includes a $500 maximum benefit for jewelry, watches, cameras, video recorders, and other electronic equipment. Loss of papers, money, or tickets isn’t covered.
Purchase Protection
Chase may repair, replace, or reimburse for items purchased with your credit card that are damaged or stolen within 120 days of purchase. Coverage is limited to $10,000 per item, up to $50,000 per year. Some purchases, such as animals, living plants, computer software, collectible items, real estate, medical equipment, perishables, and pre-owned items, are not included with this coverage.
Travel and Emergency Assistance Services
Chase will provide travel, emergency, medical, and legal assistance 24 hours a day to the cardholder, their spouse, and dependent children aged 22 years or younger. As is the case with most small business credit cards, this is mostly a concierge service. The cardholder is responsible for the cost of any assistance.
Fraud & Extended Warranty Protection
Chase protects against fraudulent activities by continuously monitoring your account. You will be notified if the bank finds any signs of fraudulent activity. Chase will also add another year of warranty to eligible United States manufacturers’ warranties of three years or less.
Auto Rental Collision Damage Waiver
When you rent a car using your Chase business card, you and all authorized drivers are protected from damages due to theft or accident. Coverage is primary if the vehicle rental is for business purposes—this means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency.
Pros & Cons Explained
Pros of Chase Ink Business Preferred®
- Opportunity to boost the value of reward points: With Chase Ink Business Preferred®, reward points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®. This is advantageous for owners who often travel for business.
- Offers cellphone protection: Chase Ink Business Preferred® offers up to $600 in cellphone protection per claim, with a $100 deductible, and up to three claims per year. This covers both you and your employees who are listed on your cellphone bill.
- Offers trip cancellation insurance: Chase will reimburse up to $5,000 per person and $10,000 per trip for your prepaid, nonrefundable travel expenses, including passenger fares, tours, and hotels. This is an excellent benefit for frequent travelers.
Cons of Chase Ink Business Preferred®
- Doesn’t offer an interest-free financing period: Unlike most of the other business credit cards, Chase Ink Business Preferred® does not offer a 0% introductory rate. This means that you should pay your bill in full every statement period to avoid being charged with interest.
- Charges an annual fee: Chase Ink Business Preferred® charges a $95 annual fee, which can add up if your business has to pay this every year. There are other business credit cards that let you earn rewards without annual fees.
Chase Ink Business Preferred® Alternatives
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
9 billing cycles
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
Bank of American 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.
9 billing cycles
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
Bank of American 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.
Business owners who travel frequently and would prefer to earn travel rewards should consider getting a Bank of America® Business Advantage Travel Rewards World Mastercard®. If you have excellent credit, this business credit card may be a better option. It charges no annual fee and offers an introductory 0% APR for nine billing cycles.
American Express Business Platinum Card®
The Business Platinum Card® from American Express
BEST FOR:
Gaining access to unrivaled travel rewards and luxury travel perks like airport lounge access
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
- $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
- The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or $85 statement credit for TSA Pre✓® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
- $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
- The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or $85 statement credit for TSA Pre✓® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
American Express Business Platinum Card® is a great option if you can pay your balance in full every month. You will earn 5x membership rewards points on flights and prepaid hotels on amextravel.com and 1x points on all other purchases. You will also enjoy luxury travel perks like airport lounge access.
Capital One® Spark® Miles for Business
Capital One® Spark® Miles for Business
BEST FOR:
Unlimited 2x miles with every swipe
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA Pre✓® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA Pre✓® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assitance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA Pre✓® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA Pre✓® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assitance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Capital One® Spark® Miles for Business is a better option if you don’t want to keep track of spending categories. This small business credit card offers unlimited 2x miles on all purchases, which you can redeem for new travel reservations and past travel purchases or as cash back in the form of a statement credit or checks by mail.
Bottom Line
The Chase Ink Business Preferred® card is best for businesses that often spend money on travel expenses and prefer to earn premium travel rewards. This Chase credit card pays top rewards on travel purchases at a lower annual fee. If you’re looking for other cards that may be right for you, visit our Credit Card Marketplace to find our top options.
