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Chase Ink Business Preferred Review: 3X Points in Categories Important to Small Business Owners

Review Updated
Kimberly Rotter, AFC®
Author: Kimberly Rotter, AFC®
Kimberly Rotter, AFC®
Kimberly Rotter, AFC®
Accredited Financial Counselor®

Kimberly is a career writer and editor with more than 30 years' experience. She's a bankruptcy survivor, small business owner, and homeschool parent. In addition to writing for The Motley Fool, she offers content strategy to financial technology startups, owns and manages a 350-writer content agency, and offers pro-bono financial counseling.

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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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An overview of Chase Ink Business Preferred

The Chase Ink Business Preferred® Credit Card is designed for small businesses. It comes with a generous new cardmember offer and an opportunity for business owners to earn Chase Ultimate Rewards points on some of their heavier spending categories. For a relatively modest annual fee, this card packs a big punch. Read our Ink Business Preferred® Credit Card review to find out whether this might be the right business credit card for you.

Ratings Methodology
Award Icon 2025 Award Winner

Ink Business Preferred® Credit Card

Great for: Business travel

Apply Now for Ink Business Preferred® Credit Card

On Chase's Secure Website.

Ink Business Preferred® Credit Card
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for Ink Business Preferred® Credit Card

On Chase's Secure Website.

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: N/A

Regular APR

20.49% - 26.49% Variable

Rewards Circle with letter I in it. Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn.

Earn 3 points per $1 in select business categories

Annual Fee Circle with letter I in it. N/A

$95

Welcome Offer Circle with letter I in it. Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.

Earn 90,000 bonus points

  • This card offers excellent earning potential for businesses looking to earn valuable rewards on everyday expenses. You’ll earn 3X points on travel, shipping, and advertising purchases (up to $150,000 per year), making it a great fit for businesses that invest in growth. With an impressive 90,000-point welcome bonus and access to the Chase Ultimate Rewards® ecosystem, this card helps you maximize rewards. Plus, we like that points are worth 25% more when redeemed for travel through Chase Ultimate Rewards®, further boosting the card’s value.

    • Huge sign-up bonus
    • Advertising rewards
    • Shipping rewards
    • Cell phone protection
    • Flexible travel points
    • Card perks
    • Annual fee
    • No intro APR offer
    • Spending minimum for sign-up bonus
    • Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
    • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
    • Round-the-clock monitoring for unusual credit card purchases
    • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
    • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
    • Points are worth 25% more when you redeem for travel through Chase Travel℠
    • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
    • Member FDIC

Our Top Business Credit Card Alternate Options

We suggest taking a good look at various options to pick the perfect card for you and your small business. Remember, not all business credit cards are created equal, and every business has unique needs. To help you out, we've put together a short list of top-notch business credit cards that offer great value across a variety of business types.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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= Poor
Earn up to $750 bonus cash back Circle with letter I in it. Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. Earn 5% cash back in select business categories Circle with letter I in it. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

Intro: Circle with letter I in it. 0% Intro APR on Purchases

Purchases: 0% Intro APR on Purchases, 12 months

Balance Transfers: N/A

Regular: 17.74% - 25.74% Variable

Apply Now for Ink Business Cash® Credit Card

On Chase's Secure Website.

Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
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Earn $750 bonus cash back Circle with letter I in it. Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. Earn unlimited 1.5% cash back on every purchase Circle with letter I in it. Earn unlimited 1.5% cash back on every purchase made for your business

Intro: Circle with letter I in it. 0% Intro APR on Purchases

Purchases: 0% Intro APR on Purchases, 12 months

Balance Transfers: N/A

Regular: 17.74% - 23.74% Variable

Apply Now for Ink Business Unlimited® Credit Card

On Chase's Secure Website.

Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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150,000 Miles Circle with letter I in it. 150,000 Miles once you spend $30,000 in the first 3 months from account opening 2X-10X miles Circle with letter I in it. Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions. Earn unlimited 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Travel, where you'll get the best prices on thousands of options.

Intro:

Purchases: N/A

Balance Transfers: N/A

Regular: N/A

Apply Now for Capital One Venture X Business

On Capital One's Secure Website.

Rates & Fees External Link Icon

The Chase Ink Business Preferred is best for...

Any small business owner who spends in this Chase credit card's bonus categories stands to benefit from adding this card to their wallet. Cardmembers can earn 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year.

You can earn 1X point per $1 on other purchases, and there's no cap on the number of points you can earn.

This card is a great choice for online sellers

One of the biggest expenses for online sellers is shipping. This rewards credit card helps take some of the bite out of this budget item by letting you earn 3X points per $1 spent on shipping.

You get all of the card's other benefits, too, of course. Like rental car insurance coverage, roadside assistance, extended warranties, and other perks.

This card is a great choice for fitness industry entrepreneurs

Any small business that buys social media ads or search engine ads will appreciate the 3X points per $1 this card earns on those purchases. Fitness and dance instructors could be a perfect match for this credit card.

This card is a great choice for event planners

Travel for business often? The Ink Business Preferred® Credit Card is a great travel rewards credit card. It offers 3X points per $1 spent on travel. Travel merchants typically include:

Airlines, hotels, motels, Uber and Lyft, timeshares, car rentals, cruises, purchases made with travel agents and discount travel sites, campgrounds, passenger trains and buses, taxis, limos, ferries, bridge and highway tolls, parking lots, and garages.

If your work requires you to make these kinds of purchases, you could earn 3X points per $1 spent.

TIP

Limited-time perk:

Through March 2025, you can earn 5X points per dollar spent on Lyft rides.

The Chase Ink Business Preferred might not be best for...

This Chase card is one of the best business credit cards we've found, but that doesn't mean it's right for every business owner, especially if the following is true.

You need time to pay

The Ink Business Preferred® Credit Card might not be the best match for your business if you're planning to make a large purchase -- such as seasonal inventory or new equipment -- and you need some time to pay it off.

That large purchase could help you qualify for the substantial welcome offer, but you'll pay interest if you carry a balance. Points can't compensate for interest charges.

Business owners who want more time to pay off a purchase (or want a balance transfer) may be better off with a business credit card that has a low or no introductory APR offer. Many cards offer a 0% introductory APR for the first 12-15 months. The Discover it® Cash Back is one of the best we've seen, with 0% intro APR on purchases and balance transfers for 15 months, no annual fee, and up to 5% cash back (up to a quarterly spending limit) on quarterly rotating bonus categories that must be activated. After the intro period, the go-to rate of 18.49% - 27.49% Variable APR *Rates as of December 12, 2024. applies.

You don't spend much in the bonus categories

This card may not be the best match for business owners such as freelancers or gig workers who don't spend enough to take advantage of the welcome bonus or don't spend in the 3X rewards categories.

Sure, you can earn unlimited 1X point per $1 spent on purchases outside the select spending categories, but you might be better off with a rewards card that has no annual fee. The Blue Business Cash™ Card from American Express has no annual fee, 0% intro APR for the first 12 months, and offers 2% cash back on all eligible purchases on up to $50,000 per calendar year (terms apply).

You can't meet the requirements for the welcome bonus

A lot of this card's value to new cardholders is in the bonus you could receive if you qualify. The best sign-up bonus cards offer a big bonus that's not too difficult to get. The amount you have to spend to qualify, $8,000, would be considered high for a personal credit card. A microbusiness or solopreneur with lower monthly expenses should consider whether $8,000 on the card in 3 months feels realistic.

If not, consider a welcome offer with a lower hurdle. The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® offers 75,000 miles after you spend $5,000 on the card within 5 months of opening your account, and the annual fee is waived the first year. The miles can be redeemed for air travel, upgrades, car rentals, hotel stays, or vacation packages.

How online sellers can get the most of this card

Online sellers can maximize the benefits of the Ink Business Preferred® Credit Card by putting every business-related purchase -- including shipping costs, social media or search engine advertisements, and internet or phone purchases -- on the card. Especially those in the 3X spending categories.

Take shipping, for example. Shipping costs eat into profit, but, according to a 2023 Go Shippo survey, 62% of online shoppers won't buy from a retailer that doesn't offer free shipping. The Baymard Institute published a report that showed that 48% of shoppers who abandoned their cart did so because extra costs (including shipping, tax, and fees) were too high.

It's more important than ever for online retailers to prioritize strategies to help them save money on shipping.

Many online merchants incorporate the cost of shipping into their product pricing, require a minimum purchase to activate free shipping, or use a subscription system to offset shipping fees. Implementing these strategies in combination with using the Ink Business Preferred® Credit Card could help you save on shipping costs and boost your reward earnings.

How fitness industry entrepreneurs can get the most of this card

Spending on social media advertisements can be an effective way to drum up business for your fitness or dance business. Do it with the Ink Business Preferred® Credit Card and you could earn 3X points per $1 spent.

According to online ad agency WordStream, fitness industry ads perform well on Facebook, with higher-than-average digital marketing metrics:

  • Average click-through rate (CTR): 1.01% (compared to a 0.90% average CTR across all industries)
  • Average cost per action (CPA): $13.29 (compared to an average CPA of $18.68 across all industries)
  • Average conversion rate: 14.29% (compared to an average conversion rate of 9.21% across all industries)

Paying for your Facebook ads with the Ink Business Preferred® Credit Card could help you get even more return on your advertising investment.

How event planners can get the most of this card

Event planners could maximize this card's potential both in earning and in redeeming points.

First, let's talk about points redemption. When you book travel through the Chase Travel portal, each point you redeem is worth 25% more than if you redeemed them for cash.

For example, let's say a wedding photographer spends $10,000 on travel within the first three months of opening her account. She'll earn 30,000 points, plus she'll qualify for the 90,000-point welcome offer bonus. If she later redeems them for travel purchases, the 120,000 points would be worth $1,500.

You can redeem points for rental cars, hotels, and flights -- with no airfare restrictions or blackout dates. That's a plus for event planners who may need to travel on holidays or during peak travel seasons and require flexible flight options.

So you've decided the Chase Ink Business Preferred is right for your business. Now what?

You can sign up for the Ink Business Preferred® Credit Card by filling out an online application form.

You will need to provide the following information:

  • Authorizing officer title
  • Name
  • Birthday
  • Mother's maiden name
  • Social Security number
  • Home address
  • Contact info
  • Financial information
  • Business structure
  • Business details
  • Business tax ID (EIN or social security number)
  • Business address
  • Business contact info
  • Business financial information
  • Business classification
  • Whether you want employees added to your account

Once you agree to the terms, you can submit your application.

You typically need a good to excellent personal credit score for this card, but a credit score isn't the only factor Chase considers.

Chase will likely reject your application if you have opened five or more credit cards within the previous 24 months. This quirk is known as the Chase 5/24 rule.

Final thoughts

The Ink Business Preferred® Credit Card is a solid choice for small business owners and solopreneurs -- including online retailers, fitness industry entrepreneurs, and event planners -- who have high spending in its 3X rewards categories, want to earn travel rewards, and can spend enough within the first three months to take advantage of its generous new cardmember offer.

Apply now for the Ink Business Preferred® Credit Card

Our credit card methodology

At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.

FAQs

  • This credit card might be out of reach if you have a lower credit score or have opened more than five credit cards within 24 months of applying.

  • While not a complete list, the following fees may apply to this card:

    • Annual fee: $95
    • Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
    • Cash advance fee: Either $15 or 5% of the amount of each transaction, whichever is greater.
    • Late payment fee: $39

  • Chase doesn't advertise its required credit scores. But you should have a FICO® Score of at least 670 for the best chance of approval.