Like most rewards credit cards, the Chase Ink Business Preferred is best for those who have high spending in its bonus categories. But this card is especially well-suited for businesses who spend a lot on travel since it combines the high travel rewards points with the higher redemption rate.
First, you'll earn 3X points on each dollar you spend on travel. You can also redeem your points for 1.25 more when you use them to book travel through Chase Ultimate Rewards. These two perks combine for the potential to earn you thousands of dollars per year in travel rewards. The card is also well-suited to businesses who spend a lot on travel because of the other travel perks it offers, including the no foreign transaction fee and trip cancellation and interruption insurance. And by taking advantage of the 1:1 transfer rate to Chase's travel partners, cardholders could find a per-point value of 1.5 cents or more.
While this card is perfect for certain businesses, it's not the right card for everyone. If your spending doesn't typically fall into one of the card's bonus categories, then you can probably find another card with higher overall rewards and without an annual fee.