The Ink Business Preferred Credit Card is a popular business credit card offered by Chase. It is designed for small business owners and offers a range of benefits and features tailored to meet the needs of businesses of all sizes. Here’s an introduction to the key features and benefits of the Ink Business Preferred® Credit Card:
Generous Sign-Up Bonus: One of the standout features of this card is its substantial sign-up bonus. Cardholders typically earn a significant number of Ultimate Rewards points after meeting the minimum spending requirement within the first few months of account opening. These points can be valuable for travel, cash back, or other redemption options.
Earn Reward Points: With the Ink Business Preferred® Credit Card, you earn valuable Ultimate Rewards points for every dollar spent. You typically earn more points for spending on common business expenses like advertising, shipping, and travel.
Travel Benefits: This card provides several travel-related benefits, including trip cancellation/interruption insurance, rental car insurance, and travel and purchase protections. It’s a good option for business owners who frequently travel for work.
Cell Phone Protection: This card often includes cell phone protection, which can be valuable for business owners who use their phones extensively. It covers eligible cell phones against damage or theft when you pay your monthly cell phone bill with the card.
No Foreign Transaction Fees: If your business involves international travel or transactions, the Ink Business Preferred® Credit Card is a great choice because it typically doesn’t charge foreign transaction fees.
Employee Cards: You can request additional employee cards at no extra cost, making it easier to manage business expenses and earn rewards on all business-related purchases.
Chase Ultimate Rewards: Points earned with this card can be redeemed for a variety of rewards, including travel, cash back, gift cards, and more through the Chase Ultimate Rewards program. Additionally, when points are redeemed for travel through the Chase Ultimate Rewards portal, they can often be worth more, giving you added value.
Annual Fee: While the card offers many benefits, it typically comes with an annual fee. However, the value of the rewards and benefits can often outweigh this fee for businesses that use the card frequently for expenses.
Credit Limit: As a business credit card, the Ink Business Preferred® Credit Card typically has a credit limit based on your business’s creditworthiness.
Online Account Management: Chase provides a user-friendly online platform and mobile app for cardholders to manage their accounts, monitor expenses, and track rewards.
It’s important to note that credit card terms and benefits can change, so I recommend checking with Chase or visiting their official website for the most up-to-date information on the Ink Business Preferred® Credit Card, including its current rewards structure, fees, and any promotional offers. Additionally, before applying for any credit card, it’s advisable to carefully review the terms and conditions to ensure it aligns with your business needs and financial goals.
Ink Business Preferred Credit Card frequently asked questions
Here are some frequently asked questions (FAQs) about the Ink Business Preferred® Credit Card:
Who is eligible for the Ink Business Preferred® Credit Card?
Typically, this card is designed for small business owners, including sole proprietors and those with established businesses. You’ll need to provide information about your business when applying.
What is the sign-up bonus, and how can I earn it?
The sign-up bonus can vary over time, so it’s best to check the current offer when applying. Generally, you’ll need to spend a certain amount within the first few months of opening your account to qualify for the bonus.
What rewards do I earn with this card?
You typically earn Ultimate Rewards points for your purchases. Depending on the spending category, you may earn more points. Chase often offers bonus points for spending in areas like advertising, shipping, and travel.
How can I redeem my Ultimate Rewards points?
You can redeem your points for a variety of rewards, including travel, cash back, gift cards, and more through the Chase Ultimate Rewards program. When redeeming for travel through the Chase portal, your points can often be worth more.
Is there an annual fee for the Ink Business Preferred® Credit Card?
Yes, there is typically an annual fee associated with this card. Be sure to check the current annual fee amount when applying.
Is there a foreign transaction fee?
Typically, there are no foreign transaction fees with this card, making it a good choice for business owners who do international business or travel.
Does the card offer any travel insurance or protection?
Yes, this card often provides travel-related benefits, including trip cancellation/interruption insurance, rental car insurance, and travel and purchase protections. These benefits can be valuable for business travelers.
Can I get additional cards for my employees, and is there a cost for them?
Yes, you can request additional employee cards at no extra cost. This can help you track business expenses and earn rewards on your employees’ purchases.
What credit limit can I expect with the Ink Business Preferred® Credit Card?
Your credit limit will be determined based on your business’s creditworthiness and other factors. It’s important to manage your credit responsibly to maintain and potentially increase your credit limit over time.
How can I manage my account online?
Chase typically provides an online platform and mobile app that allows cardholders to manage their accounts, view transactions, make payments, and track rewards easily.
Are there any special offers or promotions for cardholders?
Chase may offer special promotions, discounts, or benefits for cardholders from time to time. Be sure to check your account and the Chase website for any ongoing offers.
What do I do if my card is lost or stolen?
If your card is lost or stolen, it’s important to contact Chase immediately to report it. They can help you with a replacement card and address any unauthorized charges.
In conclusion, the Ink Business Preferred® Credit Card is a versatile and popular choice for small business owners. It offers a range of benefits, including a substantial sign-up bonus, rewards for various spending categories, travel benefits, and no foreign transaction fees. This card is designed to help businesses manage their expenses, earn valuable rewards points, and enjoy additional perks like travel insurance and purchase protection.
However, it’s important to note that specific details, such as the annual fee, rewards structure, and promotional offers, can change over time. Therefore, it’s advisable to check with Chase or visit their official website for the most up-to-date information when considering applying for this card.
Overall, the Ink Business Preferred® Credit Card can be a valuable tool for businesses looking to optimize their spending, earn rewards, and access various financial benefits. As with any credit card, responsible credit management is essential to make the most of the card’s features while avoiding unnecessary debt.