'ZDNET Recommends': What exactly does it mean?
ZDNET's recommendations are based on many hours of testing, research, and comparison shopping. We gather data from the best available sources, including vendor and retailer listings as well as other relevant and independent reviews sites. And we pore over customer reviews to find out what matters to real people who already own and use the products and services we’re assessing.
When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. Neither ZDNET nor the author are compensated for these independent reviews. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers.
ZDNET's editorial team writes on behalf of you, our reader. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. If we have made an error or published misleading information, we will correct or clarify the article. If you see inaccuracies in our content, please report the mistake via this form.
This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com This compensation may impact how and where links appear. This site does not include all financial companies or all available financial offers.
Are you in the market for a business credit card? To make the most of your next credit card, you want to find one that rewards you for your company's spending and allows you to maximize the perks. And for certain businesses, the Chase Ink Business Preferred will definitely check those boxes.
The Chase Ink Business Preferred is one of Chase's three business credit cards in this series. The card offers one of the best sign-up bonuses on the market and 3X points in an impressive list of spending categories. Because of the high rewards on travel and the ability to redeem your rewards for more value when you book travel through Chase, this card is ideal for companies with a lot of business travel.
Wondering whether the Chase Ink Business Preferred is right for your business? Keep reading to learn what the card has to offer, how you can earn and redeem rewards, and what businesses it's right for.
The Chase Ink Business Preferred credit card offers an impressive number of spending categories. You'll get 3X points on each dollar for spending on shipping, social media and search engine advertising, internet, cable, phone services, and travel on the first $150,000 spent each year. This rewards credit card also allows you to earn 1X points on each dollar spent on all other purchases, including purchases in the bonus categories that exceed the limit.
There are several different ways you can redeem your rewards points from Chase. First, you can redeem them for cashback, which can be applied to your statement balance or deposited into a checking or savings account. You can also use the points to buy gift cards at 150 top stores or spend them in the Apple Ultimate Rewards Store. But to get the most value for your points, you can use them to book business travel through Chase Ultimate Rewards.
The Chase Ink Business Preferred comes with the ability to earn plenty of rewards points, but that's not the only benefit. Here are some of the other benefits that come with this card:
If you're in the market for a business credit card, then the Chase Ink Business Preferred might be right for you. Because of its unique combination of perks, it's particularly well-suited to businesses that spend a lot of money on travel. It also has plenty of other travel perks that make it even more attractive. And if your business spends at least $5,000 per month, you'll be eligible for the 100,000-point sign-up bonus, which you'll be hard-pressed to find elsewhere.
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.
The Chase Ink Business Preferred can provide excellent value for companies with high spending in those categories that get 3X points.
For businesses that don't spend much in these categories, the annual fee probably isn't worth the minimal rewards for other categories.
To qualify for the Chase Ink Business Preferred, you'll need a credit score that's at least good or excellent, which generally includes the high 600s and up.
The Ink Business Preferred card is an excellent business credit card, but it's not right for every business. Chase offers several other rewards cards -- the Ink Business Cash and Ink Business Unlimited -- which are each well-suited to certain types of businesses.
When you open a Chase Ink Business Preferred card, you'll get a credit limit of at least $5,000, and usually less than $25,000. If you want a limit of more than $25,000, you can request it and go through a more detailed review process.