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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 card_name 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 Offer
Earn 100,000 bonus points
Annual Fee
$95
0% on Purchases
None
Rewards Rate
1-3x points
0% on Balance Transfers
None

Welcome Offer

Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

Features & Benefits

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

Rewards

3x points
All eligible purchases
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

Interest Rates & Fees

Annual Fee$95
Foreign Transaction Fee$0
Regular APR20.74% - 25.74% (V) APR

What Credit Score Is Required to Get the Ink Business Preferred® Credit Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

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

What Are the Best Alternatives?

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

Rating

4.9

Rewards Range

1%-5%

Annual Fee

$0

Read Review
Capital One Spark Cash Select for Excellent Credit
Capital One Spark Cash Select for Excellent Credit

Rating

4.7

Rewards Range

1.5% - 5%

Annual Fee

$0

Read Review
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

Rating

4.8

Rewards Range

1% - 5% Cash Back

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

  • 9 Chase Credit Cards that Earn Ultimate Rewards
  • 10 Benefits of Chase Ink Business Cards for Freelancers and Business Owners
  • Ink Business Preferred® Credit Card vs. New Business Card! Ink Business Premier(SM) Credit Card
  • Chase Ink Business Credit Cards Comparison
  • Ink Business Preferred® Credit Card vs. Ink Business Cash® Credit Card

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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About Allcards.com

Rob Berger founded allcards.com in 2008 to help consumers make data-driven decisions about credit cards and banking. A retired trial attorney, he’s written about credit cards, banking and personal finance since 2007, and is the author of Retire Before Mom and Dad.

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