CreditDonkey is a credit card comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†




Updated November 19, 2018

Chase Ink Preferred Benefits

Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
This article contains references to products from our partners. We receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

Chase Ink Business Preferred has benefits you may not know about. Don't waste these valuable perks. Read this guide to understand your benefits and get the most value.

Chase Ink Business Preferred is one of the best small business credit cards on the market, especially for business travelers.

It offers a huge signup bonus, good reward structure, and flexible redemption options.

It also has many business, purchase, and travel benefits you need to know about.

Read on to learn about them.

Bonus: Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
Earn: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
Redeem for: Points are worth 25% more value when you redeem for travel through Chase Ultimate Rewards. Points can also be transferred 1:1 to airline and hotel partners. Redeem for cashback at a rate of 1 cent = 1 point.
Annual fee: $95

Chase Ink Business Preferred Overview

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem 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 no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

Don't have the Chase Ink Business Preferred yet? Click here to visit Chase's secure website for the online application.

Earning & Redeeming Points

© CreditDonkey

1. Large Welcome Bonus ($1,000+ Value)

You earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

That's worth $1,000 when you redeem your points for travel through Chase Ultimate Rewards. This is one of the largest bonuses offered by any business credit card.

If you transfer points to airline partners, 80,000 points can be worth even more. For example, 80,000 points can be traded in for a round-trip award flight from the US to Australia.

2. 3x Points on Popular Business Categories

The Chase Ink Business Preferred earns 3 points per $1 spent on the first $150,000 spent in combined purchases each account anniversary year on:

  • travel
  • shipping
  • Internet, cable and phone services
  • advertising on with social media sites and search engines

All other purchases earn 1 point per $1 spent with no cap.

There is no foreign transaction fee, so it's an ideal card to take on business trips abroad.

3. 25% More Value on Chase Travel Portal

You get a discount when you book travel on the Ultimate Rewards travel portal using your points. Your points are worth 25% more value. This means that 10,000 points are worth $125 (instead of the normal $100).

You can book travel on Ultimate Rewards with any airline, for any dates. You don't have to worry about seat restrictions or blackout dates.

You can even use a combination of cash and points if you don't have enough for a trip, or just want to save some points.

Chase Ink Preferred Benefits login: You can log in to your account 2 ways:

  • Go to Chase's main page: chase.com. Once you've logged in, click on "Redeem Rewards" on the right.
  • Directly log in to your Ultimate Rewards page through ultimaterewardspoints.chase.com

4. 1:1 Transfer to Airline and Hotel Partners

© CreditDonkey

Points can be transferred to partner airline and hotel programs at a full 1:1 value and with no fees. This will often earn the best value and reward redemption rate.

For example, 50,000 points = $625 on the Chase travel portal. OR they can be traded in for 2 round-trip flights from Los Angeles to Hawaii (which can be worth more).

Airline transfer partners include:

  • Southwest Airlines
  • United Airlines
  • JetBlue
  • British Airways
  • Air France
  • Singapore Airlines
  • Emirates
  • Aer Lingus
  • Iberia Airlines
  • Virgin Atlantic

Hotel partners include:

  • Marriott Bonvoy
  • World of Hyatt
  • IHG Rewards Club

See our detailed guide on the best ways to use Chase's transfer partners.

Purchase Benefits

© CreditDonkey

5. Cell Phone Protection

If you pay your cell phone bills with the Ink Preferred, you and your employees listed on your phone bill will be protected against covered cell phone theft or damage.

You can get up to $600 per claim and up to 3 claims in a 12-month period. You will have to pay a $100 deductible per claim.

I have a Chase Ink Business Preferred, and it has given me back more money and benefits than the $95 annual fee. The phone insurance benefit alone is worth it—I have used it once.
Alex Tran, blogger, Schimiggy.com

6. Purchase Protection

If an item is damaged, stolen, or lost within 120 days from purchase, you can be reimbursed up to $10,000 per claim, with a max of $50,000 per account. This is for eligible purchases made in the U.S.

The Benefit Administrator will determine if the item is to be repaired, replaced, or reimbursed. If the item was stolen, you must file a police report within 48 hours of the theft.

7. Extended Warranty

For eligible purchases with a U.S. warranty of 3 years or less, you get an additional one year warranty added. You must have purchased the item with the card.

You get up to $10,000 per claim, with a maximum $50,000 per account. Make sure you keep the receipts to take advantage of this benefit.

For questions about your benefits or to file a claim, call the Chase Benefit Administrator at 1-888-320-9956.

Car & Car Rental Benefits

© CreditDonkey

The Ink Business Preferred also has great travel protections if you're planning on renting a car on your business trips.

8. Primary Car Rental Insurance

The Ink Preferred offers primary - not secondary - collision and damage insurance for most rental cars rented for business purposes. Rental period must not exceed 31 consecutive days.

This means you don't have to file a claim with your own car insurance company. You must pay the entire car rental fee in full and decline the rental company's insurance.

Coverage is up to the actual cash value of the car for theft and collision in the U.S. and abroad.

If renting for personal use, then this coverage is secondary. Coverage does not include expensive, exotic, or antique vehicles.

9. Avis Rental Benefits

When you enroll in the Avis Corporate Rewards Program, you'll earn extra benefits like:

  • Savings on Avis rentals
  • Earn rental reward days 2X as fast
  • Free one-car-class upgrades if available

You must first verify your Ink Preferred card through Ink Insider on Chase's website. You'll then receive an Avis discount number for making reservations.

10. Roadside Dispatch

If you find yourself needing help on the side of the road, there is a 24-hour hotline. Roadside service fees will be billed to your card. Services include:

  • Towing up to 5 miles
  • Jumpstarting
  • Tire change (provided you have a spare)
  • Locksmith services
  • Gas fill-ups up to 5 gallons

The number is 1-800-847-2869.

Travel Benefits

© CreditDonkey

When you use your Ink Preferred card to book travel with common carriers (like airlines, buses, cruises, and trains), you're automatically offered many travel protections if your trip goes wrong.

11. Trip Cancellation & Delay

  • Trip Cancellation/Interruption
    If you've paid for your travel with the card, you can get reimbursed if your eligible trip is interrupted by weather, illness, or other covered circumstances. This applies for pre-paid, non-refundable expenses, including airfare, hotels, and tours. You can be reimbursed up to up to $5,000 per person.

    If there are multiple people on the trip, the maximum covered is up to $10,000 per occurrence, and $20,000 in a 12-month period. Coverage is eligible for the cardholder, immediate family members, and employees of the company.

  • Trip Delay
    If your common airline is delayed more than 12 hours or overnight, you can be reimbursed up to $500 each person for eligible expenses such as lodging, meals, and toiletries.

12. Lost & Delayed Baggage

  • Lost Baggage (up to $3,000 per person)
    You, your immediate family members, and company employees can be reimbursed for check-in or carry-on luggage that is damaged or lost by the airline.

    You can get up to $3,000 per passenger (including up to $500 per person for jewelry, watches, and electronics).

  • Baggage Delay (up to $500)
    If your baggage is delayed for over 6 hours after you arrive, you can be reimbursed up to $100/day for 5 days for essentials, such as toiletries and clothes.

13. Travel Accident Insurance

When you pay for your air, bus, train or cruise transportation with your card, you are eligible to receive accidental death or dismemberment coverage. There are two types of travel accident insurance:

  • Common Carrier Travel Accident Insurance
    This covers losses when you are entering, exiting, or riding in a common carrier (airline, bus, train or cruise). You can receive up to $500,000 for a covered loss.

  • 24 Hour Travel Accident Insurance
    This covers losses starting from the departure date printed on your scheduled airline ticket and ending on the return date printed on the ticket. You can receive up to $100,000 for a covered loss.

14. Emergency Assistance Referral

If you need any emergency help while away from home, Chase will provide referrals and assistance for free. The services include:

  • Referring you to English-speaking doctors or hospitals
  • Referring you to English-speaking attorneys or U.S. embassies or consulates
  • Arranging for emergency transportation home or to a hospital
  • Transporting vital documents you may have left at home
  • Arranging for delivery of a replacement ticket

You will have to pay for the cost of any services. But the assistance and referrals are free of charge.

15. Business Benefits

© CreditDonkey

  • Free employee cards. Track each employee's spending, set spending limits, and earn rewards from their purchases.

  • Free statements and reports. You get free monthly statements and quarterly management reports, with itemized and categorized expenses.

  • Zero Liability Protection. You will not be held responsible for unauthorized charges made with your card or account information.

  • Fraud alerts. Chase will alert you by phone, text, or email if they detect unusual account activity or charges.

How to Make the Most of the Card

  • Pair with Chase Ink Cash for bonus point in more categories. The Chase Ink Cash gives you 5x bonus points at office supply stores, and 2x points on dining and gas (up to certain amounts). If your business spends in those categories as well, this would make an ideal card combo. It has no annual fee.

  • Pair with Chase Ink Unlimited for points on everything. The Chase Ink Unlimited gives you 1.5 points per dollar on all purchases. You can use it on any other purchases that would otherwise just be 1x point. It also has no annual fee.

    You can combine your Ultimate Rewards points with your Ink Preferred card. Then use them for higher value for travel purchases.

  • More points when you Shop Through Chase. Chase has a "Shop Through Chase" feature that awards bonus points for shopping at partner merchants. There are over 200 popular stores. Most stores offer 2x-5x points per $1, but some stores go as high as 15x or 20x points. This will allow you to earn bonus points on shopping that would otherwise be just 1x points.

  • Use your points for travel. Your points are worth more when you redeem for travel. If you use your points to book travel on the Chase travel portal, your points are worth 25% more (80,000 points = $1,000). And they can be worth even more by transferring to airline and hotel partners. Redemption values for Business Class seats are often exceptional.

Common Questions

Do I have to be a corporation to apply?
No. You can get a business credit card even if you're a freelancer or have a small Etsy shop. Basically, if you do anything for profit, it can be considered a small business. Other examples are driving Uber, tutoring math, or running a blog.

Can I apply even if I'm not yet earning income?
Yes. You can apply as long as you have a reasonable intention to make a profit. You would just put "0" for the annual business revenue on the application.

What is the annual fee for Chase Ink Business Preferred?
The annual fee is $95, and it is not waived for the first year.

Do points expire on Chase Ink Business Preferred?
No, your points never expire as long as your account is active and in good standing.

Can you redeem points for cash?
Yes. You can redeem for statement credit or direct deposit into your bank account. The redemption value for cash is 1 point = 1 cent. You need at least 2,000 points ($20) to start redeeming for cash back.

Does Chase Ink Business Preferred count towards 5/24?
The Ink Preferred is affected by the 5/24 policy. This means you will not be approved if you have opened 5 new card accounts within the past 24 months. However, once you have been approved, the Ink Preferred will not add to the 5-card limit, since Chase business cards don't report to personal credit bureaus.

Can you transfer points from Chase Ink Preferred to airlines?
Yes, you can transfer Chase Ultimate Reward points to Chase transfer partners. Here is the list of current Chase airline transfer partners:

But you can book travel on any airline by redeeming your points on the Chase travel portal for 25% more value.

Does Chase Ink Preferred have Airport Lounge access?
No, Chase Ink Preferred does not offer lounge access or Priority Pass membership.

Bottom Line

Chase Ink Business Preferred is one of the best business cards on the market. Besides a huge sign-up bonus and great rewards structure, it offers a lot of valuable benefits and protections.

The cell phone protection is a great benefit not offered by a lot of cards. This alone saves you money by no longer having to purchase the phone company's pricey insurance. Other benefits, like purchase protection, will give you peace of mind when making business purchases. And if you travel often for business, you'll feel safe knowing you're covered.

Restrictions, limitations and exclusions apply. There may be time limits and documentation requirements. Please check with the issuer's guide to benefits for a full explanation.

Next Step: View the issuer's official application, terms, and details

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on November 6, 2018. This content may have been updated on November 19, 2018. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Ink Business Cash Credit Card and Ink Business Unlimited Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

More from CreditDonkey:


Ink Business Preferred Review


Chase Ultimate Rewards Review


Chase Ultimate Rewards Transfer Partners

More Articles in Reviews

Ink Business Preferred Credit Card
Apply for Ink Business Preferred Credit Card
At Chase's Secure Site
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem 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 no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.74% - 22.74% Variable
$95

Compare Ink Business Preferred to:

Compare Ink Business Preferred vs Chase Sapphire Preferred

Chase Sapphire Preferred® Card

Compare Ink Business Preferred vs American Express Business Platinum

The Business Platinum® Card from American Express

Compare Ink Business Preferred vs Chase Sapphire Reserve

Chase Sapphire Reserve®


Southwest Business Credit Card

Do you fly Southwest? Southwest Rapid Rewards Premier Business Credit Card offers a huge sign-up bonus. But is it right for your business? Read on.

    Business

    For small business owners, credit is vital. But with so many credit cards available designed for businesses, how can you decide which one is right for you and your company? These two factors can help narrow down your selection ...

    Study: Credit Cards for International Travel

    The best credit cards for international travel have no foreign transaction fees, chip technology and worldwide acceptance. But what's the right travel card for you?

    Airline Rewards

    The best airline credit card racks up miles fast with reasonable fees and amazing rewards.

    Travel Rewards

    Looking for a new travel credit card?

    Credit Card Bonus Offers

    Looking for a new credit card? Earn extra cash, reward points, and airline miles with these bonus offers for new customers.

    No Foreign Transaction Fee Credit Cards

    Most credit cards tack on a 3% charge, or foreign transaction fee, on purchases made outside the United States. If you travel internationally with a no foreign transaction fee credit card, you'll save money on your purchases.

    How to Get a Business Credit Card

    Applying for a business credit card is easier than it sounds. Here is how to apply for one, whether you have a corporation or a tiny home business.

    Business Credit Cards vs Charge Cards: Which is Right for Your Business?

    Is your business better off with a charge card or a credit card? Does it matter? Yes. Read this article to learn the important differences.

    Credit Cards with No Foreign Transaction Fee

    How do I avoid foreign transaction fees? Get a travel rewards credit card. Read on for the best cards with no international fees.

    Best Bank for Small Business

    The right bank account can make or break your business. Narrow down your options and find the best fit with our guide.

    Business Credit Cards with No Annual Fee

    If you're looking to get a credit card for your business, you've got a lot of options. In this article, we'll look at why a business credit card with no annual fee might (or might not) be for you.

    Chase Refer a Friend: How Referrals Work

    Earn Chase points fast by referring your friends and family members. You can earn up to 100,000 extra points with little work. Read on.

    Chase 5/24 Rule: What You Need to Know

    Applying for a new Chase card? Not so fast. The 5/24 rule can make you ineligible. Learn what the Chase 5/24 rule is and which credit cards are impacted.

    Best Chase Ultimate Rewards Transfer Partners

    Find the best way to use each Chase transfer partner. Read this to maximize the value of your Ultimate Rewards points.

    23 Best Ways to Use Chase Ultimate Rewards

    Redeem Chase Ultimate Rewards points for the most value. This guide highlights some of the best redemption opportunities with Chase points and airline transfer partners.
    B737

    How to Earn United Miles Fast

    You don't need to fly a lot to earn a TON of United miles. Read on for 15+ smart ways to earn United miles fast.

    14 Best Ways to Use United Miles

    Redeem United MileagePlus miles for the most value. This guide highlights some of the best award redemption opportunities with United miles.

    Chase Credit Limit Increase

    Need a higher credit limit on your Chase card? It's easier than you think. Here are the different ways you can get a credit line increase.

    How to Earn Southwest Points Fast

    You don't need to fly much to earn a TON of Southwest points. Read on for 10+ ways to earn Southwest Rapid Rewards points.

    Chase Sapphire Preferred vs Reserve: Which Should You Get?

    Is Chase Sapphire Reserve or Preferred better? See how they compare in annual fee, rewards, and benefits. Find out which travel credit card is best for you.
More Articles in Reviews

Learn more about Travel, Airline and Hotel cards:

Credit Cards for International Travel


Airline Miles for Beginners


Hotel









About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.