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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 2022) 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.

Our rating
Min. credit level: Excellent
Annual Fee: $95
Regular APR: 17.49% - 22.49% Variable

Ink Business Preferred® Credit Card

Our rating
Excellent Min. credit level
$95 Annual Fee
Apply Now Read our Review

Highlights & Features

Rewards

  • 5X Ultimate Rewards points per dollar on Lyft rides (through March 2022)
  • 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

100,000 bonus points for spending $15,000 in the first 3 months after account opening

Balance 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.
How to Transfer a Balance on a Credit Card

Fees

Penalty APR 29.99% Variable
Late Fee $39
Returned Payment Fee $39
Additional Cards Annual Fee N/A
Foreign Transaction Fee $0
Learn About Types of Credit Card Fees

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.
How to Get a Cash Advance with a Credit Card
Ink Business Preferred® Credit Card

Highlights

  • New Offer! Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • 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 – with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don’t expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee
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 website

Speak to Customer Service

1-800-432-3117 or

Try a different phone number
See all Issuer Cards

Due to the impact of COVID-19, for eligible card accounts approved from 1/1/20 through 3/31/20, the period to make eligible purchases to earn the welcome bonus will be extended for an additional three months.

The Chase Ink Business Preferred is quite a rewarding credit card. You’ll get 5X Ultimate Rewards points per dollar on Lyft rides (through March 2022) 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.