Chase Ink Business Preferred Credit Card Review
The Chase Ink Business Preferred is one of the best business travel cards available. With a 100,000 point sign-up bonus, 3X points on common business expenses, and a modest $95 annual fee, it delivers exceptional value for small business owners and sole proprietors.
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What Does the Sign-Up Bonus Get You?
When you sign up for the Chase Ink Business Preferred and spend $8,000 in the first 3 months, you'll earn 100,000 bonus Ultimate Rewards points — worth $1,250 in cash back or $1,750 in Chase Travel. Points can also be transferred at 1:1 to 14 airline and hotel partners including United, Southwest, and Hyatt, where you may be able to extract even greater value.
Is the Chase Ink Business Preferred Worth It?
For a $95 annual fee the Ink Business Preferred is hard to beat. The 3X earning on travel, shipping, internet, cable, phone services, and social media advertising covers many common business expenses, with a generous $150,000 annual cap on those categories. Cell phone protection, trip cancellation insurance, and purchase protection add meaningful value on top of the rewards. For businesses that spend heavily in these categories, the card can easily justify its modest annual fee many times over.
But I Don't Have a Formal Business!
That's okay — you may qualify anyway. Do you sell things on eBay or Etsy? Do you offer freelance services, pet care, or tutoring? Do you have any hobby that earns you money? You likely have a business. When you apply you can claim yourself as a sole proprietor and use your Social Security number instead of a business tax ID. This makes the card accessible to gig workers, freelancers, and anyone with side income.
Card Perks in Detail
3X Points on Business CategoriesEarn 3 points per dollar on the first $150,000 spent annually in combined purchases across travel, shipping, internet/cable/phone services, and advertising on social media and search engines. This covers a wide range of common business expenses.
5X Points on Lyft RidesEarn 5X total points on Lyft rides through 9/30/27 — a great perk for business travelers who rely on rideshare.
1X Points on All Other PurchasesEarn 1 point per dollar on all purchases outside the bonus categories.
Points Worth 1.25X on Chase TravelWhen you redeem points for travel through Chase Travel your points are worth 1.25 cents each, meaning 100,000 points are worth $1,250 toward flights, hotels, and more.
1:1 Point Transfers to 14 PartnersTransfer your points at 1:1 to 14 leading airline and hotel loyalty programs including United MileagePlus, Southwest Rapid Rewards, and World of Hyatt — often unlocking greater value than portal redemptions.
Cell Phone ProtectionPay your monthly cell phone bill with your Ink Business Preferred and get up to $600 per claim in protection against covered theft or damage for you and your employees listed on the bill. A $100 deductible applies per claim.
Trip Cancellation and Interruption InsuranceIf your trip is cancelled or cut short by illness, severe weather, or other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for prepaid, non-refundable travel expenses.
Primary Auto Rental Collision CoverageDecline the rental company's collision insurance and charge the entire rental to your card for primary coverage on business rentals — up to the actual cash value of the vehicle.
Employee Cards at No Additional CostAdd employee cards at no extra charge and earn points on all their purchases, helping you accumulate rewards faster across your whole business.
Purchase Protection and Extended WarrantyNew purchases are covered against damage or theft for 120 days, up to $10,000 per claim and $50,000 per account. Extended warranty protection adds one year to eligible US manufacturer's warranties of three years or less.
No Foreign Transaction FeesUse your card internationally without any extra charges — ideal for business travelers.
Pros and Cons
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Who Is This Card Best For?
This card is ideal for small business owners, freelancers, and sole proprietors who spend regularly on travel, shipping, advertising, or telecom services. Even without a formal business, sole proprietors can apply using their Social Security number — making it accessible to gig workers and anyone with side income.
Who Should Skip This Card?
If your business spending doesn't align with the 3X bonus categories, a flat-rate business card may offer better overall value. High-spending businesses looking for premium perks like lounge access or travel credits may want to consider a higher-tier card.
Quick Stats
| Annual Fee | $95 |
| Sign-Up Bonus | 100,000 points |
| Spending Requirement | $8,000 in first 3 months |
| Points on Business Categories | 3X (first $150,000/year) |
| Points on Lyft | 5X (through 9/30/27) |
| Points on All Other Purchases | 1X per dollar |
| Cell Phone Protection | Up to $600/claim |
| Employee Cards | No additional cost |
| Best For | Small business owners and sole proprietors |
Our Verdict
The Chase Ink Business Preferred is one of the best value business cards on the market. The 100,000 point sign-up bonus, 3X on common business categories, cell phone protection, and strong travel protections make it an easy choice for small business owners who want to maximize rewards without paying a premium annual fee.