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Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
Ink Business Preferred Credit Card review: Strong rewards and protections for just $95
Katie Genter is a digital nomad who has traveled full time since June 2017. She writes and edits stories about points and miles, and loyalty programs, often letting her personal experiences color these stories.
September 21, 2026 • 13 min read
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By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
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Quick summary
A popular small-business card offers valuable travel protections and flexible rewards that can be transferred to multiple loyalty partners.
Bonus rewards are available for select business categories, including shipping, advertising, internet services and travel.
Additional benefits include a complimentary food delivery membership, credits for select orders and no foreign transaction fees.
Notable protections include auto rental coverage, cellphone protection, baggage delay insurance and purchase protection.
What to consider
A modest annual fee applies, but employee cards can be added at no extra cost.
Transfers to one major hotel loyalty program will have a less favorable ratio starting Oct. 1, which may impact redemption value.
The card does not provide airport lounge access or elite status benefits.
What you'll miss from the article
A detailed breakdown of travel and purchase protections, plus tips for maximizing point transfers and redemption strategies.
Generated by AI with support from our editorial team.
Reviews from cardholders
4
(7 reviews)
TPG subscribers who are also cardholders of this card have rated it 4 out of 5.In March 2025, The Points Guy surveyed our newsletter subscribers. TPG averaged and presented cardholder responses to 7 questions on a 5-point scale. Responses are based on individual cardholder's product details, and therefore cannot be verified for accuracy. User ratings are unedited and do not reflect TPG's own reviews of these cards. The ratings and reviews are not provided or commissioned by The Points Guy. Responses have not been reviewed, approved, or otherwise endorsed by banks, issuers, credit card companies, or The Points Guy, and are not responsible for its accuracy or responses. You can view our full review guidelines here.
1
0%
2
14.3%
3
0%
4
57.1%
5
28.6%
86% of cardholders recommend this card
Ratings by benefit
Customer service
3.9
Additional perks
3.1
Rewards
3.4
Welcome bonus
4.4
March 11, 2025 | Cardholder since 2024|
Would not recommend
Not competitive, cheaper to buy tickets elsewhere.
I can travel cheaper using other websites then using the Travel desk at chase. Even when I call in and say, I have this hotel 30% cheaper for the same times can you match? No, our prices are our prices.
March 11, 2025 | Cardholder since 2022|
Would recommend
It's a mediocre card
I chose this card for my business because the annual fee is affordable, the spending amount to get the bonus points was attainable, and the promo bonus points was very captivating. What I dislike about the card is it doesn't offer enough points for transactions in business categories for my business needs. 1.5% points for all transactions or other transactions would be better. Or giving 2x or higher points for more services that businesses typically have could be beneficial.
March 10, 2025 | Cardholder since 2012|
Would recommend
Great Earnings Rate and Great Spending Rate
I earn 3 points on Internet Ads, Freight and Travel. That's a 3.75% return if using the Chase travel portal. The value is even larger when transferring 1:1 to Southwest or United (×1.4=4.2%) or Hyatt (×1.8=5.4%)
at Chase's secure site. Terms & restrictions apply. See rates & fees.
Rewards rate
Rewards rate
Rate
Category
3X
Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
1X
Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn
Intro offer
Earn 100,000 bonus points
Annual fee
$95
Regular APR
17.74% - 26.74% Variable
Recommended credit
670-850
Good, Excellent
The (see rates and fees) is a strong option for small businesses that want to earn transferable Ultimate Rewards points on common business expenses.
I added the Ink Business Preferred Credit Card to my wallet almost eight years ago as my small business was growing. And over the years, it has been the card I've used for many of my business travel purchases, especially because it offers solid travel protections and bonus earnings.
Card rating*: ⭐⭐⭐⭐½
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
Ink Business Preferred Credit Card: The basics
The has a $95 annual fee, but you'll earn 5 Ultimate Rewards points per dollar spent on Lyft purchases through Sept. 30, 2027, and 3 points per dollar on the first $150,000 spent in combined purchases in the following categories each account anniversary year:
Shipping purchases
Advertising purchases made with social media sites and search engines
Internet, cable and phone services
Travel
I find these Ultimate Rewards points particularly valuable, since you can transfer them to partners like United MileagePlus and World of Hyatt.
The card has no foreign transaction fees, and you can add employee cards to your account at no additional cost.
Plus, you'll get complimentary access to DashPass with your Ink Business Preferred card for at least 12 months when you activate by Dec. 31, 2027. And once you activate your complimentary DashPass membership, you'll get up to $10 a month on grocery and retail DoorDash orders.
Ink Business Preferred Credit Card pros and cons
Pros
Cons
Useful bonus categories
Low annual fee
Earns Chase Ultimate Rewards points
Valuable travel and shopping protections
High spending threshold for welcome bonus
Subject to Chase's 5/24 rule
Worse transfer ratio to World of Hyatt starting Oct. 1
Ink Business Preferred Credit Card benefits
The offers a strong collection of travel, purchase and convenience benefits.
DashPass membership and monthly DoorDash credits
Chase Ink Preferred cardholders and their authorized users will get at least 12 months of complimentary DashPass when they activate their membership with their Ink Preferred card by Dec. 31, 2027. Activate your membership by adding your Ink Business Preferred card as the default payment method on DoorDash or Caviar and clicking the activation button.
You can use DashPass on both DoorDash and Caviar as long as you use the same credentials on both platforms. However, you'll have to use your Chase Ink card at checkout to receive DashPass benefits.
Additionally, you can get up to $10 off each calendar month on one DoorDash non-restaurant order (excluding fees, taxes and gratuity) once you activate your complimentary DashPass membership. To claim the discount, select it from the promotion wallet at checkout or when prompted and select your Ink Business Preferred as the payment method at checkout.
You'll get the following protections when you use your card for eligible purchases:
Auto rental coverage: Get reimbursed up to $60,000 for theft and collision damage when you decline the rental company’s collision insurance, charge the entire rental cost to your card and rent an eligible vehicle with an MSRP of $125,000 or less. You'll get primary coverage when renting in eligible destinations outside the U.S., and when you're renting for business purposes in the U.S.
Baggage delay insurance: Get reimbursed up to $100 per day for up to five days for essential items while your baggage is delayed for more than six hours.
Cellphone protection: Get up to $1,000 per claim for covered theft or damage to cellphones on your monthly cellphone bill when you pay with your card (up to three claims per 12-month period; $100 deductible per claim).
Extended warranty protection: Extends the manufacturer’s U.S. warranty by an additional year for eligible warranties of three years or less.
Lost luggage reimbursement: Get reimbursed up to $3,000 per traveler for the cost of repairing or replacing checked or carry-on baggage that is lost, damaged or stolen.
Purchase protection: Get reimbursed up to $10,000 per item if an eligible item you purchased with your card is damaged or stolen within 120 days of purchase.
Travel accident insurance: When you pay for your air, bus, train, or cruise transportation with your card, you are eligible to receive up to $500,000 in accidental death or dismemberment coverage.
Trip cancellation and interruption insurance: If your trip is canceled or cut short due to a covered event, you can be reimbursed up to $5,000 per traveler and $10,000 per trip for prepaid, nonrefundable travel expenses.
Trip delay reimbursement: If your common carrier travel is delayed more than 12 hours or requires an overnight stay, you are covered for unreimbursed expenses up to $500 per traveler during the delay.
These comprehensive travel protections are why I often use my Ink Business Preferred when booking flights and trains. However, be sure to review your card's benefits guide to ensure you understand what each protection covers and what it doesn't.
Opt in to Chase Pay Over Time for eligible purchases of $100 or more if your account is eligible
How to earn and use your rewards
In addition to the card's benefits, earning and redeeming Chase Ultimate Rewards points is another noteworthy perk of the .
Earning points with the Ink Business Preferred
You'll earn as follows on eligible purchases with your Ink Business Preferred:
5 points per dollar spent: Qualifying Lyft products and services purchased through the Lyft mobile application through Sept. 30, 2027
3 points per dollar spent: Shipping; social media and search engine advertising; travel; internet, cable, and phone services (you'll only earn 3 points per dollar on the first $150,000 spent each account anniversary year on combined purchases in these rewards categories; after that, you'll earn 1 point per dollar spent)
1 point per dollar spent: All other purchases
ISABELLE RAPHAEL/THE POINTS GUY
While many cards offer bonus rewards for select types of travel, 3 points per dollar spent is one of the best earning rates you'll find for a wide variety of travel purchases. That, combined with its travel protections, is why the Ink Business Preferred is my go-to card for travel purchases, including for the taxes and fees on award flights.
I've recently used my card to book some Delta SkyMiles and American AAdvantage award flights, pay for a metro ride in Taiwan and pay for bus rides in Greece — all of which earned me three points per dollar spent.
You can redeem the Chase Ultimate Rewards points that you earn on your Ink Business Preferred card in various ways.
One of the most valuable ways to redeem Ultimate Rewards points is by transferring them to Chase Ultimate Rewards transfer partners, such as United MileagePlus and Air Canada Aeroplan, for high-value redemptions.
I transferred Chase points to Hyatt to book my stay at the Park Hyatt Maldives Hadahaa. KATIE GENTER/THE POINTS GUY
I'm particularly bummed that the World of Hyatt transfer ratio will drop to 4:3 on Oct. 1 for Ink Preferred accounts, as World of Hyatt is the Chase transfer partner I use most. For example, I recently transferred 18,000 Chase points to Hyatt to top off my Hyatt account to 20,000 points before booking a two-night stay in Canada.
Transferring points to partners for high-value redemptions is usually the best way to redeem Chase Ultimate Rewards points, but you do have other options. Keep in mind that your redemption rate will usually be significantly lower than TPG's September 2026 valuation of 2.05 cents per point with these options:
Book travel through the Chase Travel℠ portal: Usually 1 cent per point, but up to 1.75 cents per point for Chase Points Boost options
Pay yourself back: 1 to 1.25 cents per point
Cash back as a statement credit or bank deposit: 1 cent per point
Deposit into a J.P. Morgan investment account: 1 cent per point
Gift cards: 1 cent per point
Shops at Chase, including Shop Apple: 1 cent per point
Pay with points for Amazon and PayPal: 0.8 cents per point
You won't get airport lounge access as a perk of the Ink Business Preferred. CARLY HELFAND/THE POINTS GUY
Another downside is the upcoming change to World of Hyatt transfers. Beginning Oct. 1, Ink Business Preferred accounts will transfer points to Hyatt at a 4:3 ratio rather than 1:1.
If maintaining access to the 1:1 Chase-to-Hyatt transfer ratio is important to you, you'll want to open a (see rates and fees) or (see rates and fees).
But, if you have the Ink Business Preferred, Chase Sapphire Reserve, Chase Sapphire Reserve for Business or the (see rates and fees), you can combine your rewards and unlock additional redemption options.
Is the Ink Business Preferred Credit Card worth it?
I've found the to be worth it for its generous 3 points per dollar on the first $150,000 spent each account anniversary year on combined purchases in select categories.
The travel protections also give me another reason to use the card when booking trips.
And, if you can use the up to $10 off each calendar month on a DoorDash non-restaurant order, these credits can save you more than the card's annual fee.
When to apply for the Ink Business Preferred Credit Card
I recommend applying for the when it has a welcome offer of 100,000 points or more. The card previously featured an offer of up to 120,000 points (no longer available), but it may not return.
Currently, the Ink Business Preferred Credit Card welcome offer is 100,000 bonus points, earned after spending $8,000 on purchases in the first three months from account opening. Based on TPG's valuations, these bonus points are worth $2,050 when you take advantage of Chase's transfer partners.
You'll also want to be under Chase's 5/24 rule before applying and consider the card's welcome-bonus eligibility restrictions. If you've previously had the Ink Business Preferred, you may not be eligible for the bonus again.
If you want to earn Amex Membership Rewards points: The gives you 4 Amex Membership Rewards points per dollar spent on your top two eligible categories each billing cycle (on the first $150,000 in combined purchases each calendar year, then 1 point per dollar spent). You'll pay a $375 annual fee (see rates and fees). To learn more, see our Amex Business Gold Card review.
If you prefer cash-back rewards: gives you 2% cash back on all eligible purchases on the first $50,000 of purchases each calendar year (1% thereafter; cash back is automatically credited to your statement) and has no annual fee (see rates and fees). To learn more, check out our Amex Blue Business Cash Card review.
I love earning 3 Chase Ultimate Rewards points per dollar spent on many of my business expenses, including shipping and travel. And I get great value from transferring these points to transfer partners.
In short, I've found the card to be well worth its $95 annual fee.
For rates and fees of the Amex Business Gold Card, click here. For rates and fees of the Amex Blue Business Cash Card, click here.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
