Chase Ink Business Preferred Credit Card

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Chase Ink Business Preferred Credit Card

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  • 80,000 points welcome bonus offer
  • Extra reward points on travel and certain business categories
  • No foreign transaction fees


  • No foreign transaction fees
  • Employee cards can be requested at no additional charge
  • Account alerts can be personalized


Chase Ink Business Preferred Credit Card Summary

The Chase Ink Business Preferred Credit Card is for those who are looking for a card that will provide authorized employees access to the company’s credit line. The product does not only come with a card for the business owner, but additional employee cards can also be issued for free. The card does not come with a 0% introductory offer.

The Ink Business Preferred Credit Card does, however, offer an 80,000 point welcome bonus, given that the conditions are met within the first three months. The product also has a reward system that gives the business owner an opportunity to earn cash back on purchase transactions made with the card.

The reward system awards extra points on qualifying business-related purchases, as well as on travel expenses that are made with this particular card.


PROS:
  • 80,000 points welcome bonus offer
  • Extra reward points on travel and certain business categories
  • No foreign transaction fees

CONS:
  • $95 annual fee
  • Limit on the bonus reward system
  • High variable APR with no intro offer


Best Features

Business owners will definitely be able to take advantage of the fact that the Ink Business Preferred Credit Card comes with the ability to allow additional cards to be issued for employees. All of these cards will be linked to the main account for easier and accurate tracking of business-related purchases.

The Ink Business Preferred Credit Card also comes with a reward system that gives the cardholder the ability to earn rewards on the purchases. One point is awarded for each $1 spent on standard purchases. Qualifying business-related expenses, as well as certain travel expenses, will be awarded 3 reward points for every $1 that is spent with the card.

The customer is also able to take advantage of an 80,000 bonus reward point welcome offer, given that the specific requirements are met in the timeframe specified by the issuer of the card.


Drawbacks

The annual fee of $95 will be a major drawback for many small business owners, along with the fact that they are not given a 0% intro APR offer like with a lot of the competitor options out there.

The Chase Ink Business Preferred Credit Card comes with a generous welcome bonus offer, but the customer needs to spend at least $5,000 in the first 3 months.


Overall Summary

A small business owner looking to get a card that will assist with the growth of the company might want to consider the Ink Business Preferred Credit Card. The product has some advantages to offer, such as a reward system with bonus points provided on qualifying purchases. The annual fee, along with the lack of an intro offer are negative factors that business owners definitely need to take into account.


Who this card is best for

The Ink Business Preferred Credit Card is an ideal option for individuals who own a company that is growing. The card offers several ways to earn rewards and is also great for companies who give multiple employees authorization on its credit line, as additional cards can be issued for employees. The card may not be the best option for small businesses who do not want to pay an annual fee, as well as for those looking to get a card that gives them a 0% APR introductory offer.


 

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