This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This site does not include all financial companies or all available financial offers. For additional details, see our Advertiser Disclosure.
Chase Ink Business Preferred Card
Recent better offer: This is the best public offer we've seen. A 100K offer is sometimes available in-branch through a Business Relationship Manager.
FM Mini Review: Great card for signup bonus and 3X categories. Also consider the no-fee Chase Ink Cash for its 5X categories, and the no fee Ink Business Unlimited to earn 1.5X everywhere.
Card Type: Visa Signature Business
Earning rate: 3X travel, shipping, internet, cable, phone, and advertising with social media sites (up to $150K spend per year)
Noteworthy perks: ⚬ Points worth 25% more when redeemed for travel ⚬ Cell phone protection against theft or damage
Note: This card is known to be subject to Chase's 5/24 rule.
See also: How to sign up for Chase Ink cards
The card's 3X rewards for travel, shipping, and advertising are excellent -- best in class. But, for internet, cable, and phone you can do better. The no-fee Ink Business Cash card offers 5X rewards for internet, cable, phone, and office supplies. The Ink Business Cash also offers 2X for gas and restaurants. And then there's the no-fee Ink Business Unlimited which offers 1.5X everywhere. I think that for most businesses it makes sense to use all three cards. Points earned on the no-fee cards can be transferred to the Ink Business Preferred to make them more valuable.
With the Ink Business Preferred Card, Ultimate Rewards points can be redeemed as follows:
If your application is denied: Call Chase’s reconsideration line to ask them to reconsider the decision. If you find that they denied you due to having opened 5 or more cards in the past 24 months, then make sure they are not counting any authorized user cards in your name. You may have to talk to a supervisor to get this done.
Another option is to ask your Chase banker in-branch to submit a special reconsideration form for you. Details about this form can be found here: Chase Special Consideration [Now for business cards only].
Once you are approved for this card, you have three months to meet the required spend in order to get the signup bonus. With Chase, they’ll often actually give you more time: up to 115 days. If you think you’ll need more than 3 months to get it done, I recommend contacting Chase through secure message to ask for an exact date by which you must complete the spend.
You’re not supposed to use business credit cards for personal purchases, but it is quite common to do so. If you feel comfortable doing so, use the new card for all of your usual spend.
If your usual spend isn’t enough, consider paying a small fee to use your card to pay bills that can’t usually be paid by credit card, or to pay taxes, etc. See this post for many options for increasing credit card spend.