Chase Ink Business Preferred Credit Card Overview

Learn more about the Chase Ink Business Preferred Credit Card with a list of features and benefits, a pros & cons table, and FAQs.

Updated on July 10th, 2019

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The Chase Ink Business Preferred Credit Card is a business credit card that gives cardholders rewards for travel, advertising, and other business expenses.

Features and Benefits:

Bonus points for signing up.

If you spend $5,000.00 within three months of opening your account, you'll be rewarded with 80,000 bonus points. That's equal to $1,000.00 in travel rewards.

No foreign transaction fees.

Take you Chase Ink credit card with you on international trips and avoid costly transaction and currency exchange fees by paying for everything with your credit card. This feature will help you to save money on business trips.

Trip cancellation/interruption insurance.

When the unexpected happens and your trip is canceled or interrupted by an emergency, you can access coverage through Chase Ink. You can file a claim and be reimbursed for up to $5,000.00 in travel expenses.

Transferrable points.

Are you a member of a frequent flyer program with a major airline like British Airways, United or Virgin? You can transfer points from your Chase Ink Business Preferred account directly to your frequent flyer account at no cost.

Rates and Fees:

Rate or Fee Type

Amount

Annual Fee

$95.00

Purchase APR

17.99% to 22.99%

Balance Transfer APR

17.99% to 22.99%

Cash Advance APR

26.99%

Default APR

29.99%

Key Information:

Founded

2000

Headquarters

New York, NY

Number of Employees

250,000

CEO

Jamie Dimon

Address

270 Park Avenue, New York, NY 10017

Phone Number

+1 800-242-7338

Website

https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred

Chase Ink Business Preferred Credit Card
Review:

Pros: Good support from Chase bank. No international transaction fees.

Cons: Most benefits are underwritten by unaffiliated insurance companies so restrictions, limitations, and exclusions may apply.

Bottomline: For business people that don't mind paying an annual fee, the Chase Ink Business Preferred credit card is a good option.

Reviews:

Reviewer

Review

cmalpeli - news.ycombinator.com

Chase Ink Business preferred is awesome - and it gives you 3x points on Internet Marketing spend (i.e. Adwords/FB): "on advertising purchases made with social media sites and search engines each account anniversary year"

FAQs:

How much does it cost to use a Chase Ink Business Preferred credit card?

Chase Ink charges an annual fee of $95.00 and interest rates vary from 17.99% to 29.99%.

See Chase Ink's rates & fees for the Business Preferred credit card.

Do you need a business to get a Chase Ink credit card?

Chase Ink credit cards do require an employer identification number on the application, even though they are intended for businesses. You can apply as a sole proprietor and still qualify for a Chase Ink account.

Get more information on the Chase Ink Business Preferred credit card.

What are the benefits of a Chase Ink Business Preferred credit card?

  • It helps to manage your cash flow.
  • You can build your business credit.
  • Get insights into your business with 24/7 account access.
  • You can separate business and personal expenses.
  • Chase keeps your accounts safe with account alert.

See more details about the Chase Ink Business Preferred credit card.

Does Chase Ink charge foreign transaction fees for the Business Preferred credit card?

No. You will not be charged for foreign transaction fees when you use your card for purchases made outside the US.

Learn more about the Chase Ink Business Preferred credit card.

What are Chase Ink's travel & purchase coverage benefits for the Business Preferred credit card?

  • Trip Cancellation/Trip Interruption Insurance.
  • Auto Rental Collision Damage Waiver.
  • Roadside Dispatch.
  • Cell Phone Protection.
  • Purchase Protection.
  • Extended Warranty Protection.

Read more about the Chase Ink Business Preferred credit card.