The Ink Business Preferred® Credit Card is a great all-around business card that offering a range of benefits and rewards for small business owners.
With a sizable welcome bonus, the ability to earn valuable Chase Ultimate Rewards points on a variety of business expenses, and no foreign transaction fees, this card is a great option for those looking to maximize their business expenses.
In this review, we will take a closer look at the card’s features, benefits, and drawbacks to help you decide if it’s the right choice for your business.
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- 3X Points on Travel, Shipping, Advertising (Social Media and Search Engines), Internet, Cable, and Phone on the First $150,000 Each Account Year
- 25% Additional Points Value in Travel Redemption
- Primary Rental Car Insurance
- Trip Cancellation/Interruption Insurance
- Cell Phone Protection
- Purchase Protection and Extended Warranty
- No Foreign Transaction Fees
- $95 Annual Fee
Welcome Bonus
The Ink Business Preferred® currently offers the following welcome bonus:
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Earning Points
The Ink Business Preferred® offers several nice bonus categories that can be lucrative to small business owners, including:
- 3 points per dollar on travel;*
- 3 points per dollar on shipping purchases;*
- 3 points per dollar on internet, cable, and phone services;*
- 3 points per dollar on advertising purchases made with social media sites and search engines;* and
- 1 point per dollar on all other eligible spending.
* 3x bonus points is limited to the first $150,000 spent in combined purchases every account anniversary year.
Annual Fee
The Ink Preferred Card has a $95 annual fee, which you can offset by taking advantage of the benefits such as cell phone protection, primary rental car insurance, and trip delay insurance.
Card Benefits and Perks
The Ink Business Preferred® offers these nice benefits and perks:
Cell Phone Protection
Breaking or losing your cell phone is never a pleasant experience, especially when cell phones cost over $800+ to replace.
You can avoid paying these steep costs when you pay your cell phone bill with this credit card.
There is no cost for cell phone insurance saving you about $10 per month per phone, but you will have to pay a small deductible if you make a claim.
Primary Rental Car Insurance
Primary rental car insurance covers any damage to a rental car when you pay for the rental using this card.
For primary coverage to apply, you must be renting the car for business purposes.
But you still need to maintain liability car insurance to cover damage to another person or property.
Trip Delay Insurance
This card offers trip delay insurance when you purchase your flight with this card.
This reimburses you for reasonable expenses things like hotels, food, transportation, and other necessary items.
Flights are increasingly delayed or canceled, and it is too risky to not use a card that offers free trip delay insurance.
Trip Cancellation / Interruption Insurance
Trip cancellation and interruption insurance reimburses you for non-refundable expenses if your trip is interrupted or canceled for a covered reason such as illness, severe weather, or an accidental injury when you pay for your travel expenses with this card.
Extended Warranty
Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.
Coverage matches the protection provided by the original warranty so that damage or defect would have to be covered by the original warranty for extended warranty coverage.
Purchase Protection
Purchase protection can save you a lot of money if you bought an eligible item that is damaged or stolen within 120-days.
For example, if accidentally dropped your new phone or laptop and broke the screen, you could file a claim to get it replaced if it was purchased within the last 120 days.
Coverage for this benefit is limited to $10,000 per claim and up to $50,000 per cardholder.m
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
Pros and Cons
Here’s a quick overview of this card’s advantages and disadvantages:
Pros:
- The best business card for travel purchases with 3x points and travel protections.
- Large welcome bonus.
- Valuable cell phone and purchase protection.
Cons:
- Other cards such as The Blue Business® Plus Credit Card from American Express (review) and Capital One Spark Miles for Business (review) offer more rewards for everyday spending.
- No credits to help offset the $95 annual fee.
Alternatives to the Ink Business Preferred
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Blue Business® Plus Credit Card from American Express
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- Potential Higher Bonus via Special Offer.
- 2 Points Per Dollar on the First $50,000 in Purchases Each Calendar Year (1x Points thereafter)
- 0.0% Intro APR on purchases for the first 12 months. After that, reg_apr,reg_apr_type APR. APRs will not exceed 29.99%
- No Annual Fee (rates & fees)
The Blue Business® Plus Credit Card from American Express (review) is one of my favorite cards because it has no annual fee and earns 2x Membership Rewards points on the first $50,000 in purchases every year. After that, you will earn 1 point on all other eligible purchases.
You can transfer Membership Rewards to 18 airlines and three hotel points programs, with several great sweet spots to travel in business class to anywhere in the world.
I put all of my everyday business spending on my Blue Business Plus because it is a quick way to rack up points for my next trip.
Ink Business Unlimited® Credit Card
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- Unlimited 1.5% Cash Back on Every Purchase
- Primary Rental Car Insurance
- Purchase Protection and Extended Warranty
- No Annual Fee
The Ink Business Unlimited® Credit Card (review) is a valuable no-annual fee option for entrepreneurs and small business owners looking for simplicity and value.
This card offers a straightforward rewards structure, with 1.5% cash back on all purchases, making it easy for you to keep track of your rewards.
It also pairs well with the Chase Sapphire Preferred® Card (review) or Chase Sapphire Reserve® (review), which unlocks the ability to convert the Ink Business Unlimited cash back to airline or hotel points from any of Chase’s transfer partners.
This combo allows you to effectively earn 1.5 airline miles per dollar with this card, which is worth more than 1.5% cash back.
Capital One Spark Miles for Business
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- Unlimited 5X miles on hotels and rental cars booked through Capital One Travel
- 2x Miles On Every Purchase
- Global Entry or TSA PreCheck Credit
- No Foreign Transaction Fees
- $0 Intro Annual Fee for the First Year, $95 Thereafter
- Free employee cards which also earn unlimited 2X miles from their purchases
The Capital One Spark Miles for Business is one of the top travel rewards credit cards for small business owners.
The card earns unlimited 5X miles on hotels and rental cars booked through Capital One Travel. It also earns unlimited 2 miles per dollar on all purchases, which can be transferred to Capital One’s airline and hotel partners.
The Spark Miles also offers a statement credit for your Global Entry or TSA PreCheck application (up to $100) and no foreign transaction fees.
Is the Ink Business Preferred Worth It?
The Ink Business Preferred® is a great option for booking travel or earning extra points on business expenses like shipping, advertising, and internet bills.
For this website, I use a combination of the Ink Preferred for travel and The Blue Business® Plus Credit Card from American Express (review) for all other everyday spending.
But if I was spending more than $50,000 per year in non-travel expenses, then I would upgrade to the Capital One Spark Miles for Business (review).
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- 3X Points on Travel, Shipping, Advertising (Social Media and Search Engines), Internet, Cable, and Phone on the First $150,000 Each Account Year
- 25% Additional Points Value in Travel Redemption
- Primary Rental Car Insurance
- Trip Cancellation/Interruption Insurance
- Cell Phone Protection
- Purchase Protection and Extended Warranty
- No Foreign Transaction Fees
- $95 Annual Fee
For rates and fees of The Blue Business Plus® Credit Card from American Express, please click here.
