Are you a small business owner who wants to earn travel rewards on your business spending? The Ink Business Preferred® Credit Card is not only one of the best small business credit cards on the market, but it’s a top travel rewards credit card as well.
Ink Business Preferred Card benefits include 3 points per dollar on travel and select business spending—and your point value increases by 25 percent when you redeem your points for travel through Chase Ultimate Rewards.
Add in a welcome bonus worth up to $1,250, the ability to transfer your rewards to top travel loyalty programs and trip cancellation or interruption insurance, and you can see why the Chase Ink Business Preferred benefits are excellent for anyone who wants to use their small business credit card rewards to save on business travel costs.
Want to know more? Keep reading for a complete Chase Ink Business Preferred benefits guide—and use what you learn to decide whether the Ink Business Preferred card is right for your small business.
Key benefits of the Ink Business Preferred card
The Chase Ink Business Preferred card includes many business-friendly travel benefits, but those aren’t the only perks you should know.
Here’s a quick guide:
- 3 points per dollar on travel, shipping purchases, online advertising purchases and internet, cable and phone services, for up to $150,000 in combined purchases per year
- 1 point per dollar on all other purchases
- Point value increases by 25 percent when you redeem your points for travel through Chase Ultimate Rewards
- 100,000 bonus points if you spend $15,000 in the first three months; points are worth $1,250 when redeemed for travel through Chase Ultimate Rewards
- 1:1 point transfer to select airline and hotel partners
Small business owners who put a lot of money into travel, shipping, advertising with social media sites and search engines, and internet, cable and phone services can earn a lot of points with the Ink Business Preferred card. Plus, when you take advantage of the point boost you’ll get by redeeming your points for travel through Chase Ultimate Rewards, you’ll be able to get even more out of your Ink Business Preferred card benefits.
Don’t want to redeem your Chase Ultimate Rewards points for travel? Don’t worry—you can still redeem your points for statement credits, online shopping and more. However, savvy business owners who want to get the most out of their rewards may want to save their points until they can use them for booking travel—or use Chase’s 1:1 point transfer system to earn free flights or hotel rooms with another popular travel loyalty program. (If you’re thinking about transferring your points to an airline or hotel partner, use our guide to Chase transfer partners to help you get the most out of your rewards.)
Don’t forget that you can combine any Ultimate Rewards Points you earn on your Chase Ink Preferred Card with the Ultimate Rewards points earned with any other Chase credit card in your wallet. Pooling Ultimate Rewards points is a great way to maximize your rewards.
Other Chase Ink Business Preferred card benefits you should know about
While the points you can earn with your Chase Ink Business Preferred card can help you save money on travel, those aren’t the only Ink Business Preferred card benefits you should know about.
Here are a few other great benefits:
Want to delegate business spending to employees? Chase makes it easy by offering free employee cards. Your employees will be considered authorized users on your credit account, so you’ll be responsible for all purchases made on employee cards, but you can set spending limits to ensure there aren’t any surprises. Plus, you’ll earn rewards with every employee purchase.
Worried that your business cellphones might get damaged or stolen? Your Ink Business Preferred benefits include up to $600 per claim in cellphone protection against covered theft or damage. You’ll need to pay your monthly cellphone bill with your Chase Ink Business Preferred credit card for the coverage to apply, and you can take out a maximum of three claims in a 12-month period with a $100 deductible per claim.
Trip cancellation or interruption insurance
If you use your Ink Business Preferred card to book travel, you’ll automatically benefit from trip cancellation and interruption insurance. If your trip is canceled or cut short by illness, or if severe weather or another covered situation prevents you from traveling as planned, you can request reimbursement for prepaid, non-refundable travel expenses, such as flight tickets and hotel rooms. Your insurance covers up to $5,000 per person and $10,000 per trip.
Auto rental insurance and roadside dispatch benefits
Want even more travel benefits? The Chase Ink Business Preferred car rental benefits include an auto rental collision damage waiver that gives you the ability to decline the rental company’s collision insurance when you charge the entire rental cost to your card. This could save you a lot of money if you rent cars on a regular basis.
You can also use Chase’s roadside dispatch service to help you deal with common roadside issues, such as flat tires or lockouts. Just be aware that Chase roadside dispatch charges a $59.95 fee per service call, so it might not always be the most cost-effective option.
The bottom line
The Ink Business Preferred Card is an excellent credit card for small business owners—and not just because of the great travel benefits.
Yes, the ability to earn 3X points on travel purchases and increase those points by 25 percent when you redeem them for travel through Chase Ultimate Rewards is great—but when you add in the additional benefits and resources such as free employee cards, car rental benefits and cellphone protection, you start to see the full value of what the Ink Business Preferred card has to offer.
Is the Ink Business Preferred right for your small business? It depends on what you’re hoping to get out of a credit card. Review the benefits to make an informed decision, and remember that no matter which small business credit card you choose, the best way to benefit your business is to use that credit card responsibly.