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November 6, 2018 12:00 PM PT

Chase Ink Preferred Benefits

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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.

Purchase Benefits

  • Cell Phone Protection
    If you pay your cell phone bills with this card, 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 (after a $100 deductible). You're allowed to submit 3 claims in a 12-month period.

  • 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.

  • 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.

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

Travel Benefits

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

  • 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.

  • Lost baggage reimbursement
    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).

  • Trip delay reimbursement
    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.

  • Baggage delay reimbursement
    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.

  • 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 up to $500,000.

  • 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.

  • 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.

Business Benefits

  • 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.

Which airlines does Chase Ink Business Preferred partner with?
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. 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.

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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
17.99% - 22.99% Variable
$95

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