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3. Ink Business Preferred® Credit Card

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13

reviews

3.6

Rating: 3.6 out of 5.

Great for frequent business travel

Annual Fee: $95

This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

Here’s the average credit limit of members who matched their Ink Business Preferred® Credit Card or similar cards.

% of members by credit limit range

The average credit limit for members who have matched with this card or similar cards is $7,335, with $1,000 being the most common.

Here’s the average credit score of members who matched their Ink Business Preferred® Credit Card or similar cards.

% of members by credit score range

The average credit score for members who have matched with this card or similar cards is 665, with 742 being the most common. Note this is just one of the deciding factors when it comes to getting approved.

Member stats

Updated daily

31.4%

Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.

45 years

Average age of members who matched this card or similar cards.

$92,816

Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.

Pros and cons

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Huge sign-up bonus

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High rewards-earning rate on travel and select business categories

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Flexible redemption options

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Expensive spending requirement to earn the sign-up bonus

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Limit on how many points you can earn in bonus categories

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Limited travel perks

3 things you should know about the Ink Business Preferred® Credit Card

Here’s a breakdown of the Ink Business Preferred® Credit Card.

1. Sign-up bonus could pay for your business trip

With the Ink Business Preferred® Credit Card you’ll earn 90,000 bonus points after spending $8,000 on purchases during the first 3 months from account opening.

Those 90,000 bonus points are worth $1,125 when redeemed for travel through Chase Travel^℠.

You might be able to get an even better value from the sign-up bonus if you transfer your points to one of Chase’s hotel or airline travel partners.

That could be enough to cover your next business trip.

2. 3x points for bonus categories

The Ink Business Preferred® Credit Card charges a $95 annual fee.

But you’ll earn three points per $1 on the first $150,000 you spend each account anniversary year on combined purchases in some business categories, including …

• Travel expenses
• Shipping purchases
• Online advertising purchases on search engines and social media sites
• Internet, cable and phone services

You’ll only earn a rewards rate of one point per $1 on other purchases, though.

3. Travel benefits are nothing to get excited about

The Ink Business Preferred® Credit Card might have a fantastic rewards program and a low annual fee, but it won’t win any style points with luxury travelers.

There’s no travel credit, airport lounge membership, Global Entry or TSA PreCheck application fee credit (or many other perks).

It’s just a basic travel rewards card for business owners that comes with standard features like cellphone protection, trip cancellation or interruption insurance, and a $0 foreign transaction fee.

Understanding your points and redemption options

Chase Ultimate Rewards is one of the most valuable rewards programs because there are so many ways to use your points.

Among several options, here are some standout ways to redeem your Chase Ultimate Rewards points.

• Redeeming them directly through your account
• Combining your points with another Chase Ultimate Rewards credit card
• Transferring your points to a Chase Ultimate Rewards hotel or airline partner

The simplest way to use your Chase Ultimate Rewards points is to redeem them directly through your account. You could redeem them for 1 cent each toward cash back or gift cards. But we recommend you redeem them for travel, because then they’d be worth 1.25 cents each.

Even though the Ink Business Preferred® Credit Card is a business credit card, you could also move your points to your personal credit card under the Chase Ultimate Rewards umbrella. For example, if you have the Chase Sapphire Reserve®, you could move your points to that card and redeem them for travel. That way, they’d be worth 1.5 cents each.

Chase Ultimate Rewards also teams up with more than a dozen hotel and airline transfer partners, some of which may offer better redemption values.

Do you need a business to get the Ink Business Preferred® Credit Card?

The Ink Business Preferred® Credit Card is intended for small-business owners. Exactly who counts as a business owner may be broader than you think, though.

Sole proprietors and independent contractors like freelancers and rideshare drivers who may not necessarily consider themselves business owners may also qualify. A business card can be a helpful tool for all types of business owners — as well as being another avenue to earn rewards, it can also help you separate your personal and business purchases.

Just keep in mind that you’re personally on the hook for repaying whatever your company spends, even if it goes out of business.

What are the best business credit cards?

If the Ink Business Preferred® Credit Card is a good fit for your business, you might also be interested in one of these other business credit cards.

• The Business Platinum Card® from American Express:
Business owners looking for luxury travel perks should check out this card.
• Ink Business Unlimited® Credit Card:
This card is good for business owners on a budget.
• Capital One Spark Cash Plus:
If you’re looking for simpler rewards, this card could be a good choice.