Ink Business Preferred® Credit Card Review | 100,000 Bonus Points
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.
4.9/5.0
Earn 100,000 bonus points
$95
None
1-3x points
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
| 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 |
Rewards
Interest Rates & Fees
| Annual Fee | $95 |
| Foreign Transaction Fee | $0 |
| Regular APR | 20.74% - 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 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 |
- Welcome offer
- No foreign transaction fee
- Earns Chase Ultimate Rewards points
- Earn up to 3x points
- Annual fee
- Requires good credit
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 for Excellent Credit
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.
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
