Managing business expenses can be tough, but the right credit card makes it easier. The Chase Ink Business Preferred Card is a top pick for business owners. It has a great rewards program and lots of benefits.
This card gives you 3x points on travel, shipping, and advertising purchases. It’s perfect for businesses that spend a lot in these areas. By using the Chase Ink Business Preferred Card, you can earn valuable rewards and enjoy benefits that help your business grow.
Key Takeaways
- The Chase Ink Business Preferred Card is designed for business expenses.
- It offers a lucrative rewards program with 3x points on travel, shipping, and advertising purchases.
- Using this card can help businesses earn valuable rewards.
- The card is ideal for businesses with significant expenses in travel, shipping, and advertising.
- Earning rewards can help businesses offset expenses and grow.
Overview of the Chase Ink Business Preferred Card
The Chase Ink Business Preferred Card is great for businesses with big expenses in travel, shipping, and ads. It offers a rewards structure that can help businesses save money and earn valuable points.
Key Card Features and Benefits
The Chase Ink Business Preferred Card has many features that make it a top choice for businesses. Some of the key benefits include:
- Generous rewards earnings in categories like travel, shipping, and advertising
- Travel insurance and assistance
- Purchase protection and extended warranty
- Cell phone protection
These benefits help businesses protect their purchases, manage travel costs, and earn valuable rewards. By knowing the card’s features, businesses can get the most out of their credit card benefits.
Who This Card Is Designed For
The Chase Ink Business Preferred Card is for businesses with big expenses in travel, shipping, and ads. If your business spends a lot in these areas, this card can help you earn a lot of rewards.
Also, businesses that need good travel insurance and help will like this card. Chase aims to help businesses manage their expenses and earn more rewards by targeting the right audience.
Understanding the Chase Ink Business Preferred Rewards Structure
To get the most out of your business expenses, it’s key to know the Chase Ink Business Preferred Card’s rewards. This card has a great rewards program. It rewards your business for common costs like travel, shipping, and ads.
The 3x Points Categories Explained
The Chase Ink Business Preferred Card gives 3x points on important business categories. These are:
- Travel: Earn 3x points on travel costs, like flights, hotels, and car rentals.
- Shipping: Get 3x points on shipping, a big expense for many businesses.
- Advertising: Earn 3x points on ad buys, including online ads and promotional stuff.
By focusing on these areas, you can boost your rewards. For example, if your business spends $10,000 a year on travel, you earn 30,000 points. These points can be used for travel, cash back, or transferred to airline and hotel partners.
Value of Ultimate Rewards Points
Ultimate Rewards points are very flexible and valuable. You can use them in many ways. Here are some options:
- Travel: Use points to book travel through Chase’s portal for flights, hotels, and car rentals.
- Cash Back: Get statement credits or direct deposits for your points.
- Transfer Partners: Move points to popular airline and hotel loyalty programs for more value.
The worth of Ultimate Rewards points changes based on how you use them. Usually, using them for travel through Chase’s portal or transferring to loyalty programs is best. You can get 1.25 to 1.5 cents per point for travel or transferring to some airline partners.
Sign-Up Bonus and How to Qualify
Applying for the Chase Ink Business Preferred Card is attractive because of its big sign-up bonus. You can get 100,000 bonus points by spending $8,000 on purchases in the first three months.
To get the sign-up bonus, you need to meet the minimum spending requirements. This means your business must spend at least $8,000 on the card in three months. Here are some tips to help you reach this goal:
- Use the card for all eligible business expenses, such as office supplies, travel, and advertising.
- Consider consolidating your business purchases onto this card to maximize your spending.
- Plan ahead for large or upcoming expenses to ensure they are charged to the card within the three-month period.
By meeting the minimum spending requirements and keeping your account open, you can get the 100,000 bonus points. These points are very valuable. You can use them for travel, cash back, or to transfer to airline and hotel loyalty programs. This gives your business a lot of value.
It’s important to understand the terms and follow them to qualify for the bonus. Make sure to read the card’s terms and conditions carefully. This way, you can avoid any issues that might stop you from getting the sign-up bonus.
Annual Fee and Other Costs Considerations
When looking at the Chase Ink Business Preferred Card, it’s key to know the costs. The card has an annual fee of $95. This might seem high, but the benefits and rewards can make it worth it.
Think about if the annual fee is a good deal for you. The Chase Ink Business Preferred Card offers great rewards and benefits. These can be more valuable than the fee, especially if you use the card wisely.
Is the Annual Fee Worth It?
The Chase Ink Business Preferred Card can make the $95 annual fee worth it. You earn points on business expenses. These points can be used for travel, cash back, or other rewards.
If you use the card for 3x points categories, you can earn points fast. These points can easily cover the annual fee.
Foreign Transaction Fees and Other Charges
The Chase Ink Business Preferred Card has no foreign transaction fees. This is great for businesses with international deals. You can shop abroad without extra fees.
Still, it’s smart to check the card’s terms for any other possible charges.
How to Apply for the Chase Ink Business Preferred Card
To get the Chase Ink Business Preferred Card, you need to meet certain requirements. First, know what Chase looks for in applicants.
Eligibility Requirements
Before you apply, check if your business fits Chase’s criteria. Here are the main points:
- Good credit score: A high credit score is key. Chase wants a score of 700 or more.
- Business entity: Your business must be officially registered. This could be as a sole proprietorship, partnership, LLC, or corporation.
- Business income: Show that your business has a steady income.
- Identification: You’ll need to provide personal and business ID. This includes an Employer Identification Number (EIN) or Social Security Number.
Meeting these criteria boosts your chances of approval.
Application Process Step-by-Step
After checking your eligibility, here’s how to apply:
- Visit Chase’s website: Go to the Chase Ink Business Preferred Card page on the official Chase website.
- Click “Apply Now”: Start your application by clicking the “Apply Now” button.
- Fill out the application: Enter the needed info, like personal and business details, and financial data.
- Review and submit: Double-check your application for errors before submitting it.
- Wait for a decision: Chase will review your application and let you know their decision, usually in a few minutes.
By knowing the requirements and following the application steps, you can apply for the Chase Ink Business Preferred Card. Then, you can enjoy its benefits.
Setting Up Your Business Expense Categories
Organizing your business expenses is key to getting the most from the Chase Ink Business Preferred Card. This card gives bonus points for travel, shipping, and advertising. Knowing how to sort your expenses is crucial for earning more points.
Organizing Expenses for Maximum Rewards
To maximize your rewards with the Chase Ink Business Preferred Card, track and categorize your expenses well. Identify the categories that earn bonus points and make sure your spending matches these. For example, if you spend a lot on travel, you can earn 3x points on those expenses.
Using accounting software or tools can help you track and categorize your expenses. This approach not only boosts your rewards but also keeps your financial records in order.
Creating Spending Strategies by Category
After finding the bonus point categories, plan your spending to maximize rewards. For instance, you can move some of your advertising to digital platforms to earn more points.
Also, try to put all your business expenses on the Chase Ink Business Preferred Card. This way, you can increase your rewards earnings and get the most from your card’s benefits.
By using these strategies, you can greatly improve your rewards and make your business expenses more effective.
Maximizing Rewards on Business Travel Expenses
As a business owner, it’s key to get the most out of travel costs. The Chase Ink Business Preferred Card has a great rewards program. It helps you earn valuable points on your business travel.
The card gives you 3x points on travel purchases. This makes it a top pick for businesses with lots of travel. You can earn points on flights, hotels, and car rentals. These points can be used for travel, cash back, or other rewards.
Flights, Hotels, and Car Rentals
Earning points on travel purchases is easy with the Chase Ink Business Preferred Card. You get 3x points on:
- Flights booked directly with airlines or through travel agencies
- Hotel stays, including those booked through online travel agencies or directly with hotels
- Car rentals, whether booked through rental agencies or online platforms
To get the most points, book travel through Chase’s travel portal or directly with providers. This way, you earn the full 3x points.
Travel Insurance Benefits
The Chase Ink Business Preferred Card also offers travel insurance benefits. These benefits give you peace of mind for you and your employees. They include:
- Trip cancellation and interruption insurance
- Travel delay insurance
- Baggage delay and loss insurance
These benefits can protect your business from unexpected travel costs. The Chase Ink Business Preferred Card is a valuable tool for your company’s travel needs.
Understanding the rewards and insurance of the Chase Ink Business Preferred Card helps you make smart travel choices. This way, you can earn more rewards and protect your business.
Optimizing Points on Shipping and Advertising Purchases
To get the most out of the Chase Ink Business Preferred Card, learn how to earn points on shipping and ads. The card gives 3x points on these, which is great for businesses that spend a lot on shipping and ads.
Qualifying Shipping Services
The Chase Ink Business Preferred Card gives 3x points on shipping purchases. This includes services like UPS, FedEx, and USPS. To get the most points, use the card for all your shipping needs, both in the US and abroad.
Here are some tips to boost your rewards:
- Put all your shipping costs on the Chase Ink Business Preferred Card.
- Use the card for regular shipments, like monthly deliveries.
- Don’t forget to earn 3x points on even small or one-time shipments.
Digital and Traditional Advertising Expenses
The Chase Ink Business Preferred Card also earns 3x points on advertising expenses. This covers both online and traditional ads. Online ads include social media and search engine marketing. Traditional ads are things like print, TV, and radio.
Here’s how to make the most of your ad spending:
- Charge all your ad campaigns to the Chase Ink Business Preferred Card.
- Combine your ad spending to earn more points.
- Use the card’s 3x points on ads to increase your rewards.
By learning how to earn more points on shipping and ads, you can greatly improve your rewards with the Chase Ink Business Preferred Card. This can help reduce business costs or earn valuable rewards.
Using the Chase Ink Business Preferred for Internet, Cable, and Phone Services
The Chase Ink Business Preferred Card offers a great rewards program. It’s especially good for internet, cable, and phone services, earning you 3x points. This means you can earn more rewards by using it for these common business expenses.
Which Services Qualify
To earn 3x points, you need to know which services qualify. These include:
- Internet service providers (ISPs)
- Cable television services
- Landline phone services
- Mobile phone services
According to
“Chase’s Ultimate Rewards program terms,”
services like telecommunications and cable qualify for 3x points. This broad definition helps businesses earn rewards on many expenses.
Strategies for Maximizing These Categories
To get the most rewards, try these tips:
- Use your Chase Ink Business Preferred Card for all eligible services.
- Put all your business expenses on this card to earn more.
- Make sure you spend enough in these areas to reach your rewards goals.
By following these tips, you can significantly increase your rewards earnings. Many business owners have seen a big difference. They say, “using the Chase Ink Business Preferred Card for our internet and phone services has been a game-changer for our business expenses.”
In summary, using the Chase Ink Business Preferred Card for internet, cable, and phone services is a smart way to earn rewards. By knowing which services qualify and using strategies to maximize your earnings, you can get the most out of your business expenses.
Integrating Your Chase Ink Business Preferred with Accounting Systems
The Chase Ink Business Preferred Card does more than offer rewards. It also makes managing your finances easier by working well with accounting systems. By linking your card to your accounting software, you can make tracking expenses, reporting finances, and preparing taxes simpler.
Expense Tracking and Reporting Tools
One big plus of linking your Chase Ink Business Preferred Card to your accounting system is better expense tracking. This connection lets you:
- Automatically add transactions to your accounting software, cutting down on mistakes.
- Sort expenses by category, helping you keep an eye on spending.
- Make detailed expense reports for better financial insights and decisions.
Easy expense tracking saves time and gives a clear view of your business’s finances. With the Chase Ink Business Preferred Card, your financial records stay current and correct.
Year-End Tax Preparation Benefits
Preparing for taxes at the end of the year can be tough. But, with your Chase Ink Business Preferred Card linked to your accounting system, you get:
- Organized financial data that’s easy to find.
- Reports on business expenses that help spot deductible items.
- Smarter ways to make tax documents like 1099 forms.
Easy tax prep is just one benefit of linking your Chase Ink Business Preferred Card to your accounting systems. This feature helps reduce tax season stress and lets you focus on business growth.
By linking your Chase Ink Business Preferred Card to your accounting systems, you make managing finances easier. This also sets your business up for more efficiency and growth.
Protection Benefits for Business Purchases
The Chase Ink Business Preferred Card offers strong protection for business buys. It gives cardholders peace of mind and financial safety against various risks. This is crucial for business expenses.
This card has many protection benefits. These include cell phone protection, purchase protection, and extended warranty. These help protect your business investments and lower potential losses.
Cell Phone Protection
Cell phone protection is a key benefit. It covers cell phones against damage or theft. With the Chase Ink Business Preferred Card, you get up to $800 per claim, with a max of two claims in 12 months.
This benefit applies to cell phones bought with your card. It also covers some cases where you pay your cell phone bill with the card.
- Coverage is subject to a $25 deductible per claim.
- You can file claims online or by phone.
- This benefit is secondary coverage, meaning it pays out after other applicable insurance coverage.
Purchase Protection and Extended Warranty
The Chase Ink Business Preferred Card also has purchase protection and extended warranty. Purchase protection covers eligible purchases against theft or damage for 120 days from the date of purchase. This is great for businesses that buy high-value items or equipment.
The extended warranty doubles the manufacturer’s warranty on eligible items purchased with your card. This provides extra protection for up to two years beyond the original warranty. It helps save on repair or replacement costs and keeps your business equipment covered.
Using these protection benefits can make your business’s financial security better. It reduces the risk of business purchases. Whether it’s protecting cell phones, safeguarding purchases, or extending warranties, the Chase Ink Business Preferred Card offers comprehensive protection for your business investments.
Redeeming Ultimate Rewards Points for Business Value
Redeeming Ultimate Rewards points from the Chase Ink Business Preferred Card has several options. Each offers unique benefits. This flexibility helps you get the most value from your rewards, based on your business needs.
Travel Portal Redemptions
One easy way to use your points is through the Chase travel portal. Here, you can book flights, hotels, and car rentals. Your points are worth 1.25 cents per point. This is a great way to cover travel costs, which can be a big expense for businesses.
Transfer Partners
For even more value, you can transfer your points to airline and hotel loyalty programs. You can transfer to major airlines like United Airlines and American Airlines. Also, to hotel chains like World of Hyatt and Marriott Bonvoy. This gives you more options, especially if you have a favorite loyalty program.
Cash Back and Gift Card Options
If you don’t want to travel or transfer points, you can get cash back or gift cards. While the value might be lower than travel, these options are flexible. They can help with business expenses or as employee incentives.
Knowing the different ways to redeem your points helps you make smart choices. This way, you can get the most value for your business.
Conclusion: Is the Chase Ink Business Preferred Right for Your Business?
When looking at the Chase Ink Business Preferred Card, think about if it fits your business. It has great rewards, like 3x points for travel, shipping, and ads. You can use Ultimate Rewards points for travel, cash back, or to join loyalty programs.
Check if your business spends a lot in the card’s bonus areas. If yes, you could earn a lot of points. Also, think about the annual fee and other costs. Compare these to the rewards and benefits you get.
The Chase Ink Business Preferred is good for businesses that spend a lot in its bonus areas. It’s also great for those who value Ultimate Rewards points. By matching the card’s features with your business plan, you can decide if it’s right for you.
