Here is everything you need to know about the Ink Business Preferred® Credit Card!

Welcome Offer

Earn 90,000 points when you spend $8,000 in 3 months. This offer is worth AT LEAST $1,125 in travel but with a few tricks (like transferring your points to Hyatt) you can easily stretch those points to 2x-3x more than that! This card has a $95 annual fee.

“But This Is a Business Credit Card…”

You most likely are eligible for this business credit card! Any small side hustle makes you eligible for a business credit card. You can apply for a business card without an LLC as a sole proprietor by using your full name as the business name and your SSN as the Tax ID number. Click here to see how simple it is to qualify and how to fill out a business credit card application, line by line.

Travel Benefits

Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary.
Earn 5 points per $1 spend on Lyft rides through March 2025.
No foreign transaction fees
Trip cancellation/interruption insurance
Primary rental car insurance
Cell phone protection

Redeeming Your Points & Redemption “Sweet Spots”

You get 25% more value when you redeem your points for travel though Chase Travel℠. For example 120,000 points are worth $1,500 toward travel when redeemed through Chase Travel℠.

HOWEVER, I usually recommend TRANSFERRING YOUR POINTS to transfer partners to get a lot more than 25% more. (You can often get 200-300% more value when you transfer to partners like Hyatt!)

1:1 Transfer Partners

Like the Chase Sapphire Preferred® Card, this card allows you to transfer your points to transfer partners. You can also combine your Chase Ultimate Rewards points earned from other cards to this card to transfer. I’ll say it again and i’ll say it again, TRANSFERRING YOUR POINTS is the KEY to unlocking SO MUCH MORE VALUE out of your points. There is a reason why people are OBSESSED about their travel reward credit cards and not their cash back credit cards.

You can transfer your Chase Ultimate Rewards points to 11 airline partners and 3 hotel partners at a 1:1 ratio. For example, if I transfer 20,000 Chase Ultimate Rewards points to Hyatt, my points will turn into 20,000 Hyatt points. Then I can book a Hyatt stay with Hyatt points on Hyatt’s website.

Not all transfer partners are a good value and sometimes it’s a better deal to book through Chase Travel℠ than to transfer your points. However, transferring to certain transfer partners like Hyatt and Southwest are very beginner friendly “sweet spots” where you can get a lot more value out of your points.

Airline Transfer Partners:

Aer Lingus, AerClub
Air Canada Aeroplan
British Airways Executive Club
Emirates Skywards®
Flying Blue AIR FRANCE KLM
Iberia Plus
JetBlue TrueBlue
Singapore Airlines KrisFlyer
Southwest Airlines Rapid Rewards®
United MileagePlus®
Virgin Atlantic Flying Club

Hotel Transfer Partners:

IHG® Rewards Club
Marriott Bonvoy®
World of Hyatt®

Ideas for Redeeming Chase Ultimate Reward Points

See this blog post for some ideas on how to redeem Chase Ultimate Reward points for maximum value! (I like to use most of my Chase Ultimate Rewards points for Hyatt stays!)

Referral Bonus

You earn a 20,000 referral bonus points for each friend who uses your referral link to apply for ANY of the four Chase Ink cards. You can earn up to 200,000 referral points per calendar year. If you have a spouse or travel partner, I recommend REFERRING them to their own card instead of adding them as an authorized user. That way, you can both earn the welcome offer plus you will earn referral points as well!

Combining Points in Your Household

You can combine your Chase Ultimate Rewards points with one other member in your household. Sometimes you first have to call Chase to move points over and to link your accounts.

Combining Points From Other Cards

You can combine points with ANY other Chase card that earn Chase Ultimate Rewards! There are no-annual fee Chase credit cards like the Chase Freedom Flex ®, the Chase Freedom Unlimited®, the Chase Ink Business Cash® Credit Card or the Chase Ink Business Unlimited® Credit Card that are advertised as cash back credit cards. However they actually earn points that can be redeemed for travel if you move your points to the Chase Ink Business Preferred, Chase Sapphire Preferred, or Chase Sapphire Reserve®! This is how you can unlock SO MUCH MORE VALUE out of your no-annual-fee Chase credit cards!

Downgrade Option

Business credit cards do not generally report to your personal credit report beyond the initial hard inquiry (with the exception of negative payment history) So if you no longer want to pay the $95 annual fee after the first year and cancel this card, your credit score will not be affected in the same way as it would be if you canceled a personal credit card. However, you can also downgrade this card to the no-annual-fee Ink Business Unlimited® Credit Card or the Ink Business Cash® Credit Card after the first year.

Ink Family Rules

You can hold all 4 Ink cards at the same time for each business you have! See my Ultimate Guide to the Chase Ink Business Cards.

Chase 5/24 Rule

This card does not count towards your 5/24 but you have to be under 5/24 to be approved for this card. Read more about the 5/24 rule here.

Bottom Line

I can’t recommend the Chase Ink Business Preferred enough! With such a solid welcome offer I recommend adding this card to your wallet!

Learn How to Apply

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FREE Beginner’s Guide to Points and Miles

Want to travel for free?! ✈️ Grab a FREE Beginner's Guide to Points and Miles and learn how to redeem FREE TRAVEL this year! CLICK HERE TO DOWNLOAD!

Ultimate Guide to the Ink Business Preferred® Credit Card