Ink Business Preferred℠ Credit Card
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Designed for business owners who travel occasionally, this Chase Ink Business Visa card offers 5X Ultimate Rewards points per dollar on Lyft rides (through March 2020) and 3X points for travel and other popular business categories, with great point transfer opportunities. The annual fee is $95 and it currently has an exceptionally large intro bonus.
Ink Business Preferred℠ Credit Card
Highlights & Features
Rewards
- 5X Ultimate Rewards points per dollar on Lyft rides (through March 2020)
- 3X Ultimate Rewards points per dollar on the first $150,000 spent per year on:
- Travel
- Shipping
- Internet, cable, and phone services
- Advertising purchases made with social media sites and search engines
- 1X Ultimate Rewards point per dollar on all other purchases
INTRODUCTORY BONUS
80,000 bonus points for spending $5,000 in the first 3 months after account openingBalance Transfers
A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
| Intro Balance Transfer APR | N/A |
| Regular Balance Transfer APR | 17.49% - 22.49% Variable |
| Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Fees
| Penalty APR | 29.99% Variable |
| Late Fee | $39 |
| Returned Payment Fee | $39 |
| Additional Cards Annual Fee | N/A |
| Foreign Transaction Fee | $0 |
Cash Advances
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
| Cash Advance APR | 26.49% Variable |
| Cash Advance Fee | Either $15 or 5% of the amount of each transaction, whichever is greater. |
ABOUT THE ISSUER
Chase Business
Chase Business has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's websiteThe Chase Ink Business Preferred is quite a rewarding credit card. You’ll get 5X Ultimate Rewards points per dollar on Lyft rides (through March 2020) and 3X points per dollar in four different bonus categories, which is a pretty great deal. And you can redeem those points for a 25% bonus through Chase Ultimate Rewards, which makes it even better. Or you can transfer your points to a variety of frequent traveler programs, where you might get more value for them.
This card has a $95 annual fee. You can order free employee cards to enhance your ability to earn rewards, and set individual spending limits for them. There are no foreign transaction fees so you can make purchases from anywhere in the world without paying extra. There are also some travel and shopping protections, to help out in case something goes wrong.
