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Chase Ink Business Preferred® Credit Card review

An excellent card for select business spending, especially when paired with Chase Ultimate Rewards.’s rating: 4.4 / 5


  • Get this card if your business spends heavily in Chase’s 3x-points categories.
  • Pick something else if you want a card with no annual fee.
  • Apply with a good to excellent credit score of 670 or higher.


Points as welcome offer

Up to 3x



Annual fee

16.74% to 21.74%

Purchase APR (variable)


Annual fee$95
Welcome offer100,000 points after spending $15,000 in the first 3 months
Rewards3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
Purchase APR16.74% to 21.74% variable
Balance transfer APR16.74% to 21.74% variable
Minimum Credit Score670

Review by

Rhys Subitch is a former writer and editor at Finder who tackled topics across the site. With half a decade of experience researching, editing, and writing for a Fortune 500 company, university, and several independent publications, Rhys brought readers the most up-to-date and curated information on all things finance.

Expert review

The Chase Ink Business Preferred® Credit Card is a terrific business card for mid- to large-size businesses. It has a welcome offer of 100,000 points, a 3x earning rate on up to $150,000 in purchases and a relatively low $95 annual fee.

You’ll come for the signup bonus, but stay for the rewards. This card is part of the terrifically flexible Chase Ultimate Rewards family. The points you’ll earn can be transferred at a 1:1 ratio to a plethora of travel partners for a big value bonus. And if you’d prefer a simpler approach to redemption, you can spend your points through the Chase Travel portal for a 25% boost in their value.

The Ink Business Preferred® Credit Card can generate a trove of rewards through everyday business spending. Smaller businesses might have a bit of trouble wringing all of the value out of this card however, so review your business spending when comparing your options.

How to apply for the Ink Business Preferred® Credit Card

Apply for the Ink Business Preferred® Credit Card if you’re at least 18 years old and operate a business.

  1. Learn more about how to apply for Ink Business Preferred® Credit Card.
  2. Complete the application with details like your name, address, annual income, Social Security number and business information.
  3. Review and submit your application.

How long will it take to be approved?

Because approval is automated on the Chase website, you’re likely to get a decision within minutes. If there are issues with your application, it could take up to a few weeks to hear back.

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What credit score do I need?

You have a better chance of approval for this card if you apply with a good to excellent credit score of 670 or higher.

Ink Business Preferred® Credit Card benefits

  • Signup bonus: 100,000 bonus points. Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months your account is open. That’s a handsome haul that’s worth $1,250 when you redeem them through Chase Ultimate Rewards.
  • Rewards: Earn up to 3x points. Earn 3x points on the first $150,000 spent per year in combined purchases on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines. Then you’ll earn 1x points.All other purchases earn 1x points.
  • Power up your points: 25% more value through Chase Ultimate Rewards. Your points are worth 25% more when redeemed for airfare, hotels, cruises and car rentals through Chase Ultimate Rewards. Redeem points for airline tickets on most major carriers as well as vacation packages and cruises. Other options include cash back, gift cards and products and services from third-party merchants.
  • Transfer your points: Get 1:1 value in frequent-travel programs. Chase lets you transfer your points at a 1:1 value in participating rewards programs. Programs include British Airways Executive Club, Singapore Airlines KrisFlyer, Virgin Atlantic Flying Club, Southwest Airlines Rapid Rewards, Marriott Rewards and Ritz-Carlton Rewards.
  • 0% foreign transaction fees. You’ll pay no foreign transaction fees when you use this card to make purchases outside the US or through international websites.
  • Employee cards. Get employees their own cards at no extra cost — though you’re ultimately responsible for the balances on additional cards.
  • Travel and purchase coverage. This chip-enabled card offers peace of mind through trip cancelation and trip interruption insurance, roadside dispatch, auto rental collision damage waivers, cell phone protection, purchase protection and extended warranties.

Ink Business Preferred® Credit Card drawbacks

  • Annual fee. Through regular spending, it may be easy to make up the Ink Business Preferred® Credit Card‘s $95 annual fee.
  • Penalties and fees. You’ll pay for late and returned payments, as well as cash advances and balance transfers.

Best rewards business cards

Compare other business credit cards

If this card isn’t right for you, compare other business cards out there. Find a card that best fits your business’s financial needs by considering factors such as the card’s annual fee, rewards and APR.

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Name Product Rewards Purchase APR Annual fee
Corpay Mastercard®
1.5% on qualifying spend
The card and payment platform that lets you earn up to 1.5% on all qualifying expenses when you pay your business bills through Corpay One.
Capital on Tap Business Credit Card
1.5% cashback on all purchases
24.99% variable
Earn 1.5% back on all purchases and invest in your business.
Ramp Visa® Commercial Card
1.5% cashback on all purchases
Replace expense reports with unlimited virtual and physical cards. Automate your accounting, lower your bills, and earn 1.5% cash back on everything.

Compare up to 4 providers

Survey data on Chase Ink Business Preferred® Credit Card

What credit score did you have when you were approved for this credit card?

survey question 2
Based on a survey of 18 people (out of 108 respondents) on
Answer choicesResponses

What interests you most about this credit card?

survey question 3
Based on a survey of 54 people (out of 108 respondents) on
Answer choicesResponses
Low fees18.52%
Features and benefits24.07%

The Ink Business Preferred® Credit Card is good for any size business

Because Chase offers 1x points on up to $150,000 in combined eligible purchases each card year, the Ink Business Preferred® Credit Card is a good choice for businesses both large and small.

You break even on the $95 annual fee once you earn points equivalent to that amount.

So if you earn 7,600 points, you’ll break even. With another card, these points might be worth $76 — that means each point is equal to 1 cent. But when you redeem through Chase Ultimate Rewards®, your points are worth 25% more.

That means those 7,600 points get a 1,900-point boost for a total of 9,500 points — or a $95 value. Compare all three Chase Ink cards to find the one that best fits your business needs.

How much do you need to spend to make the card worth it?

The Ink Business Preferred® Credit Card offers a fantastic 1x points for specific categories of spending:

  • Travel
  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases at social media sites or search engines

If your business spends just a couple grand on these purchases, you’ll break even on your annual fee. You need to spend just $2,533 in these categories each 12-month period, after which your point earnings are all upside.

If you don’t spend much in those categories, you might be better off with a card that offers a flat rewards rate. For example, the Capital One® Spark® Cash for Business offers 2% cash back on any purchase.

Best business credit cards with high limits

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Ink Business Preferred® Credit Card reviews and complaints

Small business owners generally have positive things to say about the Chase Ink Business Preferred® Credit Card, and many of them give special praise to the card’s signup bonus and rewards.

JPMorgan Chase Credit Card is not accredited with the Better Business Bureau but it has an A+ rating and a composite score of 1.18 out of 5 stars based on 229 customer reviews as of October 2020. Most customer complaints revolve around poor customer service and hidden costs Chase credit cards in general. Make sure you read your card’s terms and the rewards agreement to avoid issues with your account.

I got the card. Now what?

  • Make timely payments. Pay your card bill online at the Chase website, where you can enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of at least 20 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late and returned payments come with fees of up to $40. The balance transfer fee is $5 or 5% of the transaction, whichever is greater of each transfer, and the cash advance fee is $15 or 5% of the cash advance amount, whichever is greater.
  • Contact customer service. If you have questions, contact Chase Credit Cards support at 1-800-432-3117.

Best business credit cards for startups

Bottom line

The Ink Business Preferred® Credit Card is an easy choice if your business spends heavily in Chase’s 3x-points categories. Your points go farther too, as they’re worth 25% more through Chase Ultimate Rewards.

If your business can’t take advantage of the 3x points, consider a flat-rewards card like the Capital One® Spark® Cash for Business.

Or comparing other business card options to find the one that’s best for your needs.

Frequently asked questions

  • Is there a limit to the number of points I can earn with this card?No. There’s no limit to how many points you can earn, and additional employee cards earn points too.
  • Do my points expire?No. Your points won’t expire as long as your account remains open and in good standing.
  • I’ve heard that I need to apply for this card in a Chase branch. Is that true?No. While Chase used to require applicants to visit a Chase branch, it’s currently accepting applications online for this card.
  • Will I know for sure what my card’s APR will be before I apply?
    Unfortunately, no. It’s not possible to know what APR you’ll receive until your application is approved. Of course, the higher your credit score, the better your chances of receiving a favorable interest rate.
  • What is on my Chase credit card monthly statement?
    Each monthly statement includes a summary of the transactions you’ve made with your card. You’ll see purchases you’ve made and whether you’ve accrued rewards or points with your card. Chase defaults to statements by mail, but you can sign up for paperless online statements.
  • Does Chase offer a mobile app?
    Yes. Use Chase’s free mobile app to access your account, track your spending, see your current balance and pay your bills.
  • If I qualify for the signup bonus, when will I receive my points?
    You’ll receive the points six to eight weeks after you qualify.
  • What qualifies as a travel purchase?
    Travel purchases are payments made through these types of merchants:
    • Airlines
    • Hotels or motels
    • Timeshares
    • Car rental agencies
    • Cruise lines
    • Travel agencies
    • Discount travel sites
    • Campgrounds
    • Operators of passenger trains
    • Buses, taxis and limousines
    • Ferries
    • Toll bridges and highways
    • Parking lots and garages

    Exclusions include:

    • Real estate agents
    • Educational merchants arranging travel
    • In-flight goods and services
    • Onboard cruise goods and services
    • Sightseeing activities
    • Tourist attractions and excursions
    • Merchants within hotels and airports
    • Merchants that rent vehicles for the purpose of hauling

    Call Chase’s customer support if you’re unsure what qualifies as a travel purchase.

  • What qualifies as a shipping purchase?
    Merchants in the shipping category specialize in mailing packages, hauling freight or transporting goods or documents, including:
    • Couriers
    • Postal and freight shipping companies
    • Express shipping services
    • Mailbox stores

    Exclusions include merchants who sell a variety of products but also ship items, such as office supply stores.

    Call Chase’s customer support if you’re unsure what qualifies as a shipping purchase.

  • What spending falls under internet, cable or phone service?
    This type of spending includes:
    • Internet
    • Cable
    • Satellite television
    • Radio
    • Cellular
    • Wireless data
    • Landline services

    Equipment purchases are not eligible.

    Call Chase’s customer support if you’re unsure what qualifies as an Internet, cable or phone purchase.

  • What spending falls under social media and search engine advertising?
    This type of spending includes:
    • Social media websites, such as Facebook and Twitter
    • Online search engines, such as Google AdWords and Microsoft Bing Ads

    Ad purchases through marketing agencies and other third parties may not qualify. Call Chase’s customer support if you’re unsure what qualifies for this category.

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Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

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