Rewards
Signup Bonus
Earn 100,000 bonus points after spending $15,000 within your first 3 months. The points are worth $1,250 when used to book travel through Chase.
Pros & Cons
- Welcome bonus
- No foreign transaction fee
- Earns Chase Ultimate Rewards points
- Earn up to 3x points
- Annual fee
- Requires good credit
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Extended Warranty Coverage, Purchase Protection, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Roadside Assistance, Trip Cancellation Insurance |
Interest Rates & Fees
| Annual Fee | $95 |
| Foreign Transaction Fee | None |
| Regular APR | 20.24% - 25.24% (V) APR |
Our Take
How Does the Chase Ink Preferred Compare?
The Ink Business Preferred® Credit Card compares well against the best business credit cards. It pays one of the most valuable signup bonus. If your business spends in the 3x categories, including travel, then the card is an excellent choice. The 25% bonus when points are used for travel through Chase makes the card extremely lucrative.
Who is the Chase Ink Preferred card best for?
Small business owners who either travel a lot or spend a lot on online advertising will get the most value from this card.
Who would do better with a different card?
If you spend a lot of money in the categories listed, it’s hard to go wrong with this card. However, if you don’t, or you want a card with no annual fee and a more straightforward cash back allowance, consider the alternatives below.
What Credit Score is Required to Get the Ink Business Preferred® Credit Card
Based on data we’ve collected from public forums, a credit score of 690 or higher is ideal. We have seen an approval with a score as low as 690, but keep in mind that credit card issuers consider more than just your credit score when evaluating a credit card application.
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 01/02/2022 | Equifax | ||
| Approved | 01/02/2022 | Experian | ||
| Approved | 10/23/2020 | Equifax | ||
| Approved | 10/23/2020 | Experian | ||
| Approved | 05/10/2021 | Experian | ||
| Approved | 03/23/2018 | Experian | ||
| Approved | 04/25/2019 | Experian | ||
| Denied | 08/27/2019 | Experian |
What are the best alternatives?
Ink Business Cash® Credit Card
Rating
4.9
Rewards Range
1%-5%
Annual Fee
$0
Capital One Spark Cash Select - $500 Cash Bonus
Rating
4.7
Rewards Range
1.5% - 5%
Annual Fee
$0
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
Rating
4.8
Rewards Range
1% - 5% Cash Back
Annual Fee
$0
FAQs
Do you earn Chase Ultimate Rewards with the Ink Business Preferred card?
Yes. Rewards earned are Chase Ultimate Rewards points. Cardholders can redeem points for cash or travel, among other things.
Is the Chase Ink Business Preferred and good credit card?
Yes. The Ink Business Preferred® Credit Card is considered one of the best small business cards due to its signup bonus, ongoing rewards, and 25% bonus when points are redeemed for travel through Chase.
Can I apply as a sole proprietor?
Yes. You do not need to do business as a corporation or LLC. Sole proprietors doing business in their own name can apply for the card. One doesn’t even need a TIN or EIN. Sole proprietors can use their social security number.
