Ink Business Preferred Credit Card

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One of the best business rewards cards for tech and travel spending.

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For companies that spend a lot on staying connected, it’s hard to beat the rewards rate of the Ink Business Preferred Credit Card from Chase. This card also offers an outstanding sign-up bonus worth far more than the cost of card ownership.

Review

The Ink Business Preferred Credit Card boasts one of the best sign-up bonuses of any small business card. Spend $5,000 within the first three months of owning the card and get 80,000 points. That’s worth $800 in cash or $1,000 in travel booked through the Chase rewards portal. The sign-up bonus alone more than makes up for the $95 annual fee — for years to come.

The ongoing perks also are excellent for tech and travel-heavy businesses.

You’ll earn 3x per $1 for travel, shipping and technology purchases on the first $150,000 spent in combined purchases per year. And the rewards increase in value by 25% when used for booking travel through Chase Ultimate Rewards.

For those who are constantly on the go for work, this could add to up some major savings. Ink Busines Preferred also is one of the few small business cards we’ve seen that includes internet advertising as a bonus category.

But the perks don’t stop there. You’ll also receive $600 worth of mobile phone insurance, a great benefit that covers any phone in your organization, as long as the monthly bill for the phone is paid for with the card.

Of course, this card is only a great choice if your spending habits align with the rewards categories. If most of your spending is on office supplies or gas, for example, you may be better off with a different card.

Who should own this card

Business owners who have a lot of expenditures in the bonus categories can benefit from owning the Ink Business Preferred Credit Card — especially those who spend a lot on travel, as the rewards can be used to book free travel through the Chase portal.

Advantages
  • Get 80,000 bonus points, worth $1,000 toward travel through the Chase portal, after you spend $5,000 on purchases in the first 3 months after account opening.
  • Earn 3x points per $1 on the first $150,000 spent annually in combined purchases on travel, shipping purchases, internet, cable and phone services, and on advertising purchases made with social media sites and search engines.
  • Earn an unlimited 1x point per $1 spent on all other purchases.
  • There are no foreign transaction fees.
Disadvantages
  • If your biggest expenses are in other categories then the ones that receive bonus awards, you may be better off with another card.
  • Companies that spend above the bonus cap of $150,000 may be better off with a flat-rate cash-back card.
  • You’d have to earn back at least $95 worth in rewards to negate the annual fee.
  • There’s a penalty APR for late or missed payments.

Fees and APR

• Pay a variable APR of 16.99% to 21.99% on purchases and balance transfers.
• The annual fee is $95.
• There are no foreign transaction fees on purchases made outside the U.S.
• A penalty APR of 29.99% variable will apply indefinitely if you make a late or returned payment, plus a late payment fee of up to $39.

Extras, perks and using points

Receive extra employee cards at no additional cost. You can also sign up for instant purchase alerts to help keep tabs on employee spending.

This card comes with trip cancellation and interruption insurance, primary auto rental collision damage coverage, coverage for lost or delayed baggage and 24/7 roadside dispatch.

The card also gives an extra year of purchase protection, and up to $600 worth of cell phone insurance if you or your employee’s phones are lost or stolen if you used your card to pay the phone bill.

Points are worth 25% more when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel. There is no fee to redeem your points and they never expire as long as your account is open and in good standing.

To redeem your Chase Ultimate Rewards for cash back, log into your Chase account and select “Redeem rewards.” You can use your rewards as a statement credit or to buy gift cards through the Chase site.

If you also own a Chase Sapphire Reserve card, you can transfer your rewards from the Ink Business Preferred Credit Card where they can be used to book travel through the Chase portal at an increased redemption value — 50% instead of 25%.

How this card compares

Ink Business Cash℠ Credit Card
Card Details
  • 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • 2% cash back on the first $25,000 spent annually at gas stations and restaurants.
  • 1% cash back on all other card purchases with no limit to the amount you can earn.
Credit Needed Excellent
Regular APR 0% fixed Intro APR for the first 12 billing cycles that your Account is open. After that, 14.24% to 20.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate..
Annual Fee No Annual Fee.
Balance Transfers Intro APR 0% fixed Intro APR for the first 12 billing cycles that your Account is open. After that, 14.24% to 20.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

If you’re just starting out and you aren’t sure what your spending patterns will be, the Ink Business Cash Credit Card may be the flexible rewards card you need. The no-fee card will reward you for spending in the areas you’ll most likely need to get your business off the ground and gives you a full year break on interest for purchases and balance transfers. Who couldn’t use a little breathing room when launching a new venture?

SimplyCash® Plus Business Credit Card from American Express
Card Details
  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back. Get cash back on business purchases, even those above your credit limit.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
Credit Needed Excellent
Regular APR 13.24% - 20.24% Variable
Annual Fee $0
Purchase Intro APR 0% on Purchases for 9 months
Balance Transfers Intro APR N/A

The SimplyCash Plus Business Credit Card from American Express is among the very best business rewards credit cards on the market. In just about every respect — from rewards to the annual fee — this card stands tall among the elite business cards.

The only reasons to shy away from this card would be if your work requires significant overseas travel or if your biggest expenses don’t match up with the bigger cash-back savings categories.

Capital One® Spark® Cash for Business
Card Details
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Credit Needed Excellent
Regular APR 17.99% (Variable)
Annual Fee $0 intro for first year; $95 after that
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

The Capital One Spark Cash for Business card pays an unlimited 2% cash back on all spending and waives the annual fee during the first year. If you find it cumbersome to track which categories you’re spending or your expenditures exceed the bonus category caps set by some cash-back business credit cards, this might be a more favorable choice for you.

Capital One® Spark® Cash Select for Business
Card Details
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 13.99%-21.99% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Credit Needed Excellent
Regular APR 13.99% - 21.99% (Variable)
Annual Fee $0
Purchase Intro APR 0% on purchases for 9 months
Balance Transfers Intro APR N/A

The Capital One Spark Cash Select for Business ranks among the best on the market, particularly because of its unfussy rewards program that doesn’t pay different rates for different categories of spending. To us, that kind of program is the most flexible.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.