{"id":111331,"date":"2024-07-12T16:00:27","date_gmt":"2024-07-12T16:00:27","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/07\/12\/chase-ink-business-preferred-card-review-full-details-the-points-guy\/"},"modified":"2024-07-12T16:00:27","modified_gmt":"2024-07-12T16:00:27","slug":"chase-ink-business-preferred-card-review-full-details-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/07\/12\/chase-ink-business-preferred-card-review-full-details-the-points-guy\/","title":{"rendered":"Chase Ink Business Preferred card review: Full details &#8211; The Points Guy"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><i>Editor&#8217;s note: This is a recurring post, regularly updated with new information and offers.<\/i><\/p>\n<p><a id=\"ink-business-preferred-card-overview\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Ink Business Preferred Card overview<\/h2>\n<p>The <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred\u00ae Credit Card<\/a> is an excellent all-around business credit card, offering a sizable sign-up bonus and the ability to earn valuable Ultimate Rewards points on a variety of business expenses. Those rewards can then be transferred to 14 airline and hotel partners or redeemed directly for travel at a rate of 1.25 cents per point through <a href=\"https:\/\/thepointsguy.com\/credit-cards\/ultimate-rewards-travel-portal\/\" target=\"_blank\" rel=\"noopener\">Chase Travel\u2120<\/a>. <strong>Card rating*: \u2b50\u2b50\u2b50\u2b50\u00bd<\/strong><\/p>\n<h6><em>*<a href=\"https:\/\/thepointsguy.com\/review-methodology\/\" rel=\"noopener\" target=\"_blank\">Card rating<\/a> is based on the opinion of TPG&#8217;s editors and is not influenced by the card issuer.<\/em><\/h6>\n<hr class=\"jsx-3272990499\"\/>\n<p>The <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred Credit Card<\/a> is a TPG favorite.<\/p>\n<p>Although there are many <a href=\"https:\/\/thepointsguy.com\/credit-cards\/business\/\" rel=\"noopener noreferrer\" target=\"_blank\">business credit cards<\/a>, the Ink Business Preferred has unique perks that make it attractive for business owners looking to maximize their earning potential and unlock valuable rewards through the <a href=\"https:\/\/thepointsguy.com\/guide\/redeeming-chase-ultimate-rewards-maximum-value\/\" rel=\"noopener noreferrer\" target=\"_blank\">Ultimate Rewards program<\/a>.<\/p>\n<p>The card has a $95 annual fee, making it very attainable for most. For the best chances of approval, you&#8217;ll want a <a href=\"https:\/\/thepointsguy.com\/credit-cards\/how-credit-scores-work\/\" rel=\"noopener\" target=\"_blank\">credit score<\/a> of at least 670.<\/p>\n<p>Let&#8217;s take a closer look at the Ink Business Preferred so you can decide if it&#8217;s a good fit for your business.<\/p>\n<p><a id=\"ink-business-preferred-pros-and-cons\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Ink Business Preferred pros and cons<\/h2>\n<div class=\"jsx-3297233758 tpg-table has-sticky-left-column \">\n<div tabindex=\"0\" class=\"jsx-3297233758\">\n<table class=\"jsx-3297233758\">\n<thead class=\"jsx-3297233758\">\n<tr class=\"jsx-3297233758\">\n<th class=\"jsx-3297233758\"><strong>Pros<\/strong><\/th>\n<th class=\"jsx-3297233758\"><strong>Cons<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"jsx-3297233758\">\n<tr class=\"jsx-3297233758\">\n<td>\n<ul>\n<li>Lucrative welcome bonus<\/li>\n<li>Useful transfer partners<\/li>\n<li>High earnings rates<\/li>\n<li>Modest annual fee<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Must qualify for a business card to apply<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p><a id=\"ink-business-preferred-welcome-offer\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Ink Business Preferred welcome offer<\/h2>\n<p>If approved for the <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" rel=\"noopener\" target=\"_blank\">Ink Business Preferred<\/a>, you&#8217;ll be eligible to earn a sign-up bonus of 120,000 Ultimate Rewards points after spending $8,000 in the first three months from account opening. This is the <a href=\"https:\/\/thepointsguy.com\/credit-cards\/chase\/chase-best-welcome-offers\/\" rel=\"noopener\" target=\"_blank\">highest sign-up bonus we&#8217;ve seen<\/a> on this card.<\/p>\n<p>The bonus points alone are worth a whopping $2,460, based on TPG&#8217;s July 2024 <a href=\"https:\/\/thepointsguy.com\/guide\/monthly-valuations\/\" rel=\"noopener noreferrer\" target=\"_blank\">valuations<\/a>, mainly because the points can be transferred to various travel partners, including <a href=\"https:\/\/thepointsguy.com\/guide\/care-about-british-airways-avios\/\" rel=\"noopener noreferrer\" target=\"_blank\">British Airways<\/a>, <a href=\"https:\/\/thepointsguy.com\/guide\/how-to-redeem-miles-united-mileageplus\/\" rel=\"noopener noreferrer\" target=\"_blank\">United Airlines<\/a> and <a href=\"https:\/\/thepointsguy.com\/guide\/transfer-ultimate-rewards-points-hyatt\/\" rel=\"noopener noreferrer\" target=\"_blank\">Hyatt<\/a>.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Ink-Business-Preferred_2.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">THE POINTS GUY<\/figcaption><\/figure>\n<p>To unlock the welcome offer, you&#8217;ll need to spend an average of $2,667 per month in the first three months. For many small businesses, this level of spending may be a non-issue. Additionally, small businesses with multiple employees can request unlimited free employee cards to help meet the spending requirement.<\/p>\n<div class=\"&#10;        EmailSignUp_container__qYzYT&#10;        undefined&#10;        EmailSignUp_isLoading__i_qm0&#10;      \"><picture class=\"EmailSignUp_graphic__zgpFm\"><source media=\"screen and (max-width: 767px)\" srcset=\"\/images\/EmailSignUp\/daily-mob.svg\"\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/thepointsguy.com\/images\/EmailSignUp\/daily-dt.svg\"\/><\/picture>\n<div class=\"EmailSignUp_form__C8FWb\">\n<p>Daily Newsletter<\/p>\n<p>Reward your inbox with the TPG Daily newsletter<\/p>\n<p>Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG\u2019s experts<\/p>\n<\/div>\n<\/div>\n<p>However, <a href=\"https:\/\/thepointsguy.com\/credit-cards\/best-credit-cards-for-freelancers\/\" rel=\"noopener\" target=\"_blank\">freelancers<\/a> or those who want a business credit card to earn rewards on expenses related to a side gig may not be able to realistically hit the bonus. And you don&#8217;t want to violate TPG&#8217;s sixth commandment for credit cards: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/ten-credit-card-commandments\/\" target=\"_blank\" rel=\"noopener\">Thou shalt not miss out on a sign-up bonus<\/a>.<\/p>\n<p><strong>Read more: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/minimum-spend-ink-business-preferred\/\" rel=\"noopener\" target=\"_blank\">How to meet minimum spending on the Ink Business Preferred<\/a><\/strong><\/p>\n<p><a id=\"ink-business-preferred-benefits\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Ink Business Preferred benefits<\/h2>\n<p>The earning rates and redemption options alone make this an intriguing card, but you&#8217;ll get several added perks that make it even more valuable. Here&#8217;s a quick rundown:<\/p>\n<ul>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/phone-protection\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Cellphone protection<\/strong><\/a><strong>:<\/strong> If you&#8217;re prone to damaging your cellphone, the <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" rel=\"noopener noreferrer\" target=\"_blank\">Ink Business Preferred<\/a> could be a great card to have. When you charge your monthly cellphone bill to the card, you and eligible employees on the plan can receive up to $600 per claim for damage or theft of cellphones. You&#8217;re limited to three <a href=\"https:\/\/thepointsguy.com\/guide\/how-to-submit-cell-phone-insurance-claim-ink-business-preferred\/\" rel=\"noopener noreferrer\" target=\"_blank\">claims<\/a> in a 12-month period and must pay a $100 deductible per claim. Nevertheless, this is a terrific benefit that is relatively rare among credit cards.<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/best-cards-purchase-protection\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Purchase protection<\/strong><\/a><strong>:<\/strong> Besides cellphone protection, you&#8217;re covered for other purchases. If an eligible item is damaged or stolen within the first 120 days after purchase, you&#8217;re covered up to $10,000 per claim ($50,000 per account). I&#8217;ve fortunately never had to use this type of perk, but it can be a lifesaver if <a href=\"https:\/\/thepointsguy.com\/news\/purchase-protection-success-story\/\" rel=\"noopener noreferrer\" target=\"_blank\">something goes wrong<\/a> with that new purchase.<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/credit-card-trip-cancellation-interruption-protection\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Trip cancellation\/interruption insurance<\/strong><\/a>: If you must cancel or cut a trip short because of a covered issue (such as illness or severe weather), you&#8217;re eligible for up to $5,000 of coverage per person for prepaid, nonrefundable travel expenses, which provides great peace of mind when unexpected problems arise.<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/cards-with-trip-delay-reimbursement\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Trip delay reimbursement<\/strong><\/a><strong>:<\/strong> If a covered trip is delayed by a covered hazard for 12 or more hours \u2014 or long enough to require an overnight stay \u2014 you&#8217;ll be eligible for reimbursement, up to $500 per ticket in reasonable expenses. This can save you in situations like poor weather, where the airline generally won&#8217;t provide any compensation. Note that you only need to charge part of your common-carrier fare to the card to use this benefit, so you&#8217;ll be <a href=\"https:\/\/thepointsguy.com\/news\/trip-delay-coverage-mistake-story\/\" rel=\"noopener noreferrer\" target=\"_blank\">covered on award tickets<\/a> if you put the taxes and fees on the card.<\/li>\n<li><a href=\"https:\/\/thepointsguy.com\/credit-cards\/cards-primary-car-rental-coverage\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Primary car rental coverage<\/strong><\/a><strong>:<\/strong> Renting a car can be a risky (and expensive) proposition, but if you use the Ink Business Preferred card for the entire rental cost and are traveling for business purposes, you&#8217;re covered for theft and damage in the U.S. and most countries around the world. Bear in mind that this doesn&#8217;t offer any liability coverage, but you are covered up to the actual cash value of the vehicle you&#8217;re renting.<\/li>\n<li><strong><a href=\"https:\/\/thepointsguy.com\/credit-cards\/best-cards-for-extended-warranty\/\" rel=\"noopener noreferrer\" target=\"_blank\">Extended warranty protection<\/a>:<\/strong> Purchases with a U.S. manufacturer&#8217;s warranty of three years or less will get coverage for an extra year. This can be extremely helpful when an item stops working shortly after its scheduled warranty ends.<\/li>\n<\/ul>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.640625%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2018\/07\/cellphone-general-woman.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">@CRIENE\/TWENTY20<\/figcaption><\/figure>\n<p>The Ink Business Preferred also offers various business tools, including account insights, bookkeeping integration and account alerts. The most valuable benefit of this card is still probably cellphone protection. Not many cards offer this perk, and considering the Ink Business Preferred also offers 3 points per dollar on phone services, this is a win-win.<\/p>\n<p>The Ink Business Preferred doesn&#8217;t offer much in the way of travel credits, lounge access or other luxury benefits that competitors have, such as <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/the-enhanced-business-platinum-card-from-american-express-open\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">The Business Platinum Card\u00ae from American Express<\/a><\/span> with its $695 annual fee (see <a href=\"https:\/\/thepointsguy.com\/apply\/the-business-platinum-card-from-american-express-rates-fees\/?tid=post\" rel=\"noopener\" target=\"_blank\">rates and fees<\/a>). However, for only a $95 annual fee, this card offers a lot of value to cardholders.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/chase-ink-business-preferred-worth-annual-fee\/\" rel=\"noopener\" target=\"_blank\">Is the Ink Business Preferred worth the annual fee?<\/a><\/strong><\/p>\n<p><a id=\"earning-points-on-the-ink-business-preferred\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Earning points on the Ink Business Preferred<\/h2>\n<p>When it comes to earning points, the <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred<\/a> offers a variety of bonus categories that can be quite lucrative to small-business owners. You&#8217;ll earn 3 Ultimate Rewards points per dollar on the first $150,000 spent in combined purchases each year in the following categories:<\/p>\n<ul>\n<li>Travel<\/li>\n<li>Shipping purchases<\/li>\n<li>Internet, cable and phone services<\/li>\n<li>Advertising purchases made with social media sites and search engines<\/li>\n<\/ul>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/08\/Woman-looking-at-credit-card-and-cell-phone-at-cafe_NoSystem-images.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">NOSYSTEM IMAGES\/GETTY IMAGES<\/figcaption><\/figure>\n<p>This $150,000 threshold is based on your account anniversary year, so it will reset each year when you renew your card. Since TPG&#8217;s July 2024 <a href=\"https:\/\/thepointsguy.com\/guide\/monthly-valuations\/\" rel=\"noopener noreferrer\" target=\"_blank\">valuations<\/a> peg the value of <a href=\"https:\/\/thepointsguy.com\/guide\/redeeming-chase-ultimate-rewards-maximum-value\/\" rel=\"noopener noreferrer\" target=\"_blank\">Chase Ultimate Rewards points<\/a> at 2.05 cents apiece, you&#8217;ll get a fantastic return of over 6% on purchases in these categories. And if you max out these categories by spending the full $150,000, you&#8217;ll take home a total of 450,000 Ultimate Rewards points, which TPG values at $9,225.<\/p>\n<p>Once you&#8217;ve surpassed that mark, your purchases in the aforementioned categories will drop to match the earning rate of all other purchases: 1 point per dollar spent. Though that&#8217;s not too exciting, you&#8217;re still looking at over a 2% return, which isn&#8217;t bad for a card with a <a href=\"https:\/\/thepointsguy.com\/credit-cards\/chase-ink-business-preferred-worth-annual-fee\/\" rel=\"noopener\" target=\"_blank\">$95 annual fee<\/a>.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/chase-ink-business-preferred-worth-annual-fee\/\" rel=\"noopener\" target=\"_blank\">Is the Ink Business Preferred worth the annual fee?<\/a><\/strong><\/p>\n<p><a id=\"redeeming-points-on-the-ink-business-preferred\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Redeeming points on the Ink Business Preferred<\/h2>\n<p>Earning a big haul of points is one thing; redeeming them for maximum value is an entirely different story. Like most cards that earn transferable points, you get the most value when you redeem your <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" rel=\"noopener\" target=\"_blank\">Ink Business Preferred<\/a> rewards for travel by transferring them to any of Chase&#8217;s 14 hotel and airline partners or booking travel directly through Chase Travel.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:75%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2019\/07\/20190729_Singapore-SQ-Suites_ESteinberg-13.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">ETHAN STEINBERG\/THE POINTS GUY<\/figcaption><\/figure>\n<p>You can redeem these points at a fixed rate of 1.25 cents apiece for travel purchases like flights, hotels and rental cars that you <a href=\"https:\/\/thepointsguy.com\/credit-cards\/ultimate-rewards-travel-portal\/\" rel=\"noopener noreferrer\" target=\"_blank\">book through Chase Travel<\/a>. Or, if you have the <a href=\"https:\/\/thepointsguy.com\/apply-now\/chase-sapphire-reserve%e2%84%a0\/?pid=221211836&amp;tid=post\" rel=\"noopener noreferrer\" target=\"_blank\">Chase Sapphire Reserve\u00ae<\/a>, you could transfer your points to that card and redeem them at a fixed rate of 1.5 cents apiece toward travel.<\/p>\n<p>Even though you&#8217;ll get less than TPG&#8217;s 2.05-cent valuation of Ultimate Rewards points with this redemption option, it&#8217;s simple and doesn&#8217;t require much effort. Remember that when you redeem Ultimate Rewards points directly for airfare, you will earn full miles and elite credit, just as you would on a regular paid ticket. However, that&#8217;s generally not the case with hotel bookings.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/guide\/booking-portal-or-direct\/\" rel=\"noopener\" target=\"_blank\">Should you book directly or through a portal?<\/a><\/strong><\/p>\n<p><a id=\"transferring-points-on-the-ink-business-preferred\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Transferring points on the Ink Business Preferred<\/h2>\n<p>You also have the option to transfer your points to any of Chase&#8217;s 14 hotel and airline partners. You&#8217;ll likely get the most value from your points by going this route, thanks to strong transfer partners like <a href=\"https:\/\/thepointsguy.com\/guide\/ultimate-guide-flying-blue\/\" rel=\"noopener\" target=\"_blank\">Air France-KLM Flying Blue<\/a>, <a href=\"https:\/\/thepointsguy.com\/guide\/know-united-mileageplus\/\" rel=\"noopener\" target=\"_blank\">United MileagePlus<\/a> and <a href=\"https:\/\/thepointsguy.com\/guide\/ultimate-guide-world-of-hyatt\/\" rel=\"noopener\" target=\"_blank\">World of Hyatt<\/a>.<\/p>\n<p>In addition, most of these <a href=\"https:\/\/thepointsguy.com\/guide\/ultimate-rewards-transfer-times\/\" rel=\"noopener noreferrer\" target=\"_blank\">transfers post instantly<\/a>, ensuring you aren&#8217;t stuck waiting for the points or miles to arrive and miss out on the redemption you wanted.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2023\/12\/southwest-landing-FLL.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">SEAN CUDAHY\/THE POINTS GUY<\/figcaption><\/figure>\n<p>TPG credit cards editor <a href=\"https:\/\/thepointsguy.com\/author\/ethompson\/\" rel=\"noopener\" target=\"_blank\">Emily Thompson<\/a> prefers to maximize her Ultimate Rewards points by transferring them to <a href=\"https:\/\/thepointsguy.com\/guide\/southwest-rapid-rewards\/\" rel=\"noopener\" target=\"_blank\">Southwest Rapid Rewards<\/a> to take advantage of their flash sales to get great value on domestic flights.<\/p>\n<p>Regardless of which partner you choose, the power of the Ultimate Rewards program (and really any <a href=\"https:\/\/thepointsguy.com\/guide\/a-guide-to-earning-transferable-points\/\" rel=\"noopener noreferrer\" target=\"_blank\">transferable point currency<\/a>) is the flexibility it allows. You aren&#8217;t locked into a single airline or hotel rewards program, and you can wait until you&#8217;re ready to book to transfer points. In some cases, you can even pit programs against one another.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/guide\/redeeming-chase-ultimate-rewards-maximum-value\/\" rel=\"noopener noreferrer\" target=\"_blank\">Maximizing the Chase Ultimate Rewards program<\/a><\/strong><\/p>\n<p><a id=\"which-cards-compete-with-the-ink-business-preferred\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Which cards compete with the Ink Business Preferred?<\/h2>\n<p>With a low annual fee, valuable points, lucrative earning rates and solid benefits, the <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred<\/a> is a great option for many small businesses. However, there are a few other options that could be a better fit for your company:<\/p>\n<ul>\n<li><strong>If you want more customizable bonuses:<\/strong> The <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/american-express-business-gold-card\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">American Express\u00ae Business Gold Card<\/a><\/span> carries a higher annual fee of $375 (see <a href=\"https:\/\/thepointsguy.com\/apply\/american-express-business-gold-card-rates-fees\/?tid=post\" rel=\"noopener\" target=\"_blank\">rates and fees<\/a>), but you&#8217;ll earn four points per dollar spent in your highest two spending categories each month (on the first $150,000 in combined purchases each calendar year, then 1 point per dollar after). If you can&#8217;t maximize the Ink Business Preferred&#8217;s categories or your spending varies from month to month, this may be a better option. For more information, read our <a href=\"https:\/\/thepointsguy.com\/credit-cards\/american-express\/amex-business-gold-card-review\/\" rel=\"noopener\" target=\"_blank\">full review of the Amex Business Gold<\/a>.<\/li>\n<li><strong>If you don&#8217;t want to worry about bonus categories:<\/strong> The <span class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b\"><a href=\"https:\/\/thepointsguy.com\/apply-now\/capital-one-spark-miles-for-business\/?tid=post\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"jsx-eb69f9b09a3de1d0 jsx-eea0d1f218f5e80b applyLink inherit\">Capital One Spark Miles for Business<\/a><\/span> card offers at least 2 miles per dollar spent on all purchases, and the $95 annual fee is even waived for the first year (see <a href=\"https:\/\/thepointsguy.com\/apply\/capital-one-spark-miles-for-business-rates-and-fees\/?tid=post\" rel=\"noopener\" target=\"_blank\">rates and fees<\/a>). You still have access to <a href=\"https:\/\/thepointsguy.com\/guide\/capital-one-transfer-partners\/\" rel=\"noopener\" target=\"_blank\">transfer partners through Capital One<\/a>, though you&#8217;ll sacrifice additional perks. For more information, read our <a href=\"https:\/\/thepointsguy.com\/credit-cards\/capital-one\/capital-one-spark-miles-card-review\/\" target=\"_blank\" rel=\"noopener\">full review of the Capital One Spark Miles card<\/a>.<\/li>\n<li><strong>If you don&#8217;t want an annual fee<\/strong>: The <a href=\"https:\/\/thepointsguy.com\/credit-cards\/reviews\/ink-business-unlimited-credit-card-review\/\" target=\"_blank\" rel=\"noopener\">Ink Business Unlimited\u00ae Credit Card<\/a> earns 1.5% back on every purchase at no annual fee, plus basic perks like purchase protection and the option to add employee cards at no additional cost. For more information, read our <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-unlimited-credit-card\/?pid=6218&amp;tid=post\" target=\"_blank\" rel=\"noopener\">full review of the Ink Business Unlimited<\/a>.<\/li>\n<\/ul>\n<p>For additional options, check out our guide to the <a href=\"https:\/\/thepointsguy.com\/credit-cards\/business\/\" rel=\"noopener\" target=\"_blank\">best business credit cards<\/a>.<\/p>\n<p><strong>Related: <a href=\"https:\/\/thepointsguy.com\/credit-cards\/chase-ink-business-preferred-vs-capital-one-spark-miles-for-business-which-card-is-right-for-you\/\" rel=\"noopener\" target=\"_blank\">Ink Business Preferred vs. Capital One Spark Miles for Business<\/a><\/strong><\/p>\n<p><a id=\"bottom-line\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Bottom line<\/h2>\n<p>If you spend significantly across the four bonus categories (travel, shipping, advertising and telecommunication providers), you&#8217;ll earn tons of extra Ultimate Rewards points on your new Ink Business Preferred. Plus, you and your employees will enjoy various travel and shopping protections \u2014 like primary coverage when renting a car for business purposes and generous cellphone protection.<\/p>\n<p>If you&#8217;re just starting, I&#8217;d highly recommend starting with this card, especially if you can pair it with other cards, such as the <a href=\"https:\/\/thepointsguy.com\/apply-now\/chase-sapphire-reserve%e2%84%a0\/?pid=221211836&amp;tid=post\" rel=\"noopener noreferrer\" target=\"_blank\">Chase Sapphire Reserve<\/a> and <a href=\"https:\/\/thepointsguy.com\/apply-now\/chase-freedom-unlimited%e2%84%a0\/?pid=221211281&amp;tid=post\" rel=\"noopener noreferrer\" target=\"_blank\">Chase Freedom Unlimited\u00ae<\/a>, to maximize your rewards across even more purchases.<\/p>\n<hr class=\"jsx-3272990499\"\/>\n<p><strong>Apply here: <a href=\"https:\/\/thepointsguy.com\/apply-now\/ink-business-preferred%e2%84%a0-credit-card\/?pid=221211974&amp;tid=post\" target=\"_blank\" rel=\"noopener\">Ink Business Preferred Credit Card<\/a><\/strong><\/p>\n<hr class=\"jsx-3272990499\"\/>\n<p><em>For rates and fees of the Amex Business Platinum, click <a href=\"https:\/\/thepointsguy.com\/apply\/the-business-platinum-card-from-american-express-rates-fees\/?tid=post\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/em><br \/><em>For rates and fees of the Amex Business Gold, click <a href=\"https:\/\/thepointsguy.com\/apply\/american-express-business-gold-card-rates-fees\/?tid=post\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/thepointsguy.com\/guide\/ink-business-preferred-card-review\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Editor&#8217;s note: This is a recurring post, regularly updated with new information and offers. Ink Business Preferred Card overview The Ink Business Preferred\u00ae Credit Card is an excellent all-around business credit card, offering a sizable sign-up bonus and the ability to earn valuable Ultimate Rewards points on a variety of business expenses. Those rewards can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":111332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":{"0":"post-111331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-travel"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/111331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=111331"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/111331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/111332"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=111331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=111331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=111331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}