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You are here: Home / Credit Cards / Ink Business Preferred® Credit Card Review | 100,000 Bonus Points

Ink Business Preferred® Credit Card Review | 100,000 Bonus Points

March 25, 2020 by Rob Berger

The Ink Business Preferred® Credit Card is a business card designed for small business owners who want an excellent signup bonus and generous rewards. But is the card worth the annual fee? We dive into the details and your approval odds in this Chase Ink Preferred review.

Ink Business Preferred® Credit Card
Learn More
Our Rating
4.9/5.0
Welcome Bonus
100,000 Points
Annual Fee
$95
0% on Purchases
None
Rewards Rate
1-3x points
0% on Balance Transfers
None

Rewards

3x points
Select Categories
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.
1x points
On all other purchases
Earn 1 point per $1 on all other purchases

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

Pros
  • Welcome bonus
  • No foreign transaction fee
  • Earns Chase Ultimate Rewards points
  • Earn up to 3x points
Cons
  • Annual fee
  • Requires good credit

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsCell Phone Protection, Extended Warranty Coverage, Purchase Protection, 24/7 customer service
Travel PerksAuto Rental Collision Damage Waiver, Emergency Travel Assistance, Roadside Assistance, Trip Cancellation Insurance

Interest Rates & Fees

Annual Fee$95
Foreign Transaction FeeNone
Regular APR16.74% - 21.74% (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 StatusDateCredit ScoreBureauCredit Limit
Approved01/02/2022
750
Equifax
$20,000
Approved01/02/2022
757
Experian
$20,000
Approved10/23/2020
748
Equifax
$21,000
Approved10/23/2020
765
Experian
$21,000
Approved05/10/2021
690
Experian
$10,000
Approved03/23/2018
739
Experian
$25,000
Approved04/25/2019
782
Experian
$9,000
Denied08/27/2019
729
Experian
---

What are the best alternatives?

Chase Ink Business Cash® Credit Card
Chase Ink Business Cash® Credit Card

Rating

4.9

Rewards Range

1%-5%

Annual Fee

$0

Read Review
Capital One Spark Cash Select - $500 Cash Bonus
Capital One Spark Cash Select - $500 Cash Bonus

Rating

4.7

Rewards Range

1.5%

Annual Fee

$0

Read Review

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.

Related Articles

  • Chase Ink Business Credit Cards Comparison
  • 21 Best Small Business Credit Cards of June 2022

About Rob Berger

Rob Berger is the founder of allCards.com. He's written about personal finance and investing since 2007 and is the author of the highly acclaimed book, Retire Before Mom and Dad. He is a former litigation attorney in the securities field and the Founding Editor of Forbes Advisor.

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