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Ink Business Preferred: The Ultimate Guide for Business Owners
Running a business involves a multitude of expenses, from travel and office supplies to advertising and shipping. Having a reliable business credit card can help manage these costs effectively, while also earning rewards and providing valuable benefits. The Ink Business Preferred Credit Card from Chase is one such tool that has garnered popularity among business owners for its robust rewards program and comprehensive benefits. In this article, we’ll explore the features of the Ink Business Preferred Credit Card, its benefits, and answer some frequently asked questions. Additionally, a detailed table will be provided to summarize the important information.
Overview of the Ink Business Preferred Credit Card
The Ink Business Preferred Credit Card is designed specifically for small to medium-sized businesses. It offers a generous rewards program, flexible redemption options, and a suite of benefits that can help businesses manage their expenses more efficiently. With its focus on categories that are typically high-spend areas for businesses, this card is an excellent choice for business owners looking to maximize their rewards.
Key Features and Benefits
1. Generous Rewards Program:
The Ink Business Preferred Credit Card offers an impressive rewards structure. Cardholders earn 3 points per $1 spent on the first $150,000 combined in travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines each account anniversary year. All other purchases earn 1 point per $1 spent.
2. Flexible Redemption Options:
Points earned with the Ink Business Preferred Credit Card can be redeemed in various ways. This includes cash back, travel, gift cards, and products or services through the Chase Ultimate Rewards portal. Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards.
3. Sign-Up Bonus:
New cardholders can earn a substantial sign-up bonus. Currently, the offer is 100,000 bonus points after spending $15,000 on purchases in the first 3 months from account opening. This bonus is worth $1,250 when redeemed for travel through Chase Ultimate Rewards.
4. Travel Benefits:
The Ink Business Preferred Credit Card offers a range of travel benefits, including trip cancellation/interruption insurance, auto rental collision damage waiver, and no foreign transaction fees. These benefits can provide peace of mind and significant savings for business travelers.
5. Employee Cards at No Additional Cost:
Business owners can get additional cards for their employees at no extra cost. This allows employees to make business-related purchases while earning rewards for the business.
6. Purchase Protection and Extended Warranty:
Purchases made with the Ink Business Preferred Credit Card are covered by purchase protection, which covers new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Additionally, the card offers extended warranty protection, extending the time period of the U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less.
Detailed Table of Features and Benefits
| Feature | Description | Benefits |
|---|---|---|
| Rewards Program | Earn 3 points per $1 on the first $150,000 spent on travel, shipping, internet, cable, phone services, and advertising purchases each account anniversary year; 1 point per $1 on all other purchases. | Maximizes rewards on common business expenses, earning valuable points for travel, cash back, and more. |
| Flexible Redemption | Redeem points for travel, cash back, gift cards, and more through Chase Ultimate Rewards. | Points worth 25% more when redeemed for travel through Chase Ultimate Rewards, providing extra value. |
| Sign-Up Bonus | Earn 100,000 bonus points after spending $15,000 in the first 3 months from account opening. | Bonus points worth $1,250 when redeemed for travel through Chase Ultimate Rewards. |
| Travel Benefits | Includes trip cancellation/interruption insurance, auto rental collision damage waiver, and no foreign transaction fees. | Provides significant savings and protection for business travel. |
| Employee Cards | Additional cards for employees at no extra cost. | Earns rewards on employee purchases, helps track business expenses. |
| Purchase Protection | Covers new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. | Protects business purchases, reducing risk and potential loss. |
| Extended Warranty | Extends the U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less. | Adds extra protection to business purchases, enhancing value and security. |
Frequently Asked Questions (FAQs)
Q1: What is the Ink Business Preferred Credit Card?
A: The Ink Business Preferred Credit Card is a business credit card offered by Chase, designed to help business owners manage expenses while earning rewards on purchases. It provides a generous rewards program, flexible redemption options, and various travel and purchase protections.
Q2: How do I earn rewards with the Ink Business Preferred Credit Card?
A: Cardholders earn 3 points per $1 spent on the first $150,000 combined in travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines each account anniversary year. All other purchases earn 1 point per $1 spent.
Q3: How can I redeem my points?
A: Points can be redeemed for travel, cash back, gift cards, and products or services through the Chase Ultimate Rewards portal. Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards.
Q4: What are the travel benefits of the Ink Business Preferred Credit Card?
A: The card offers several travel benefits, including trip cancellation/interruption insurance, auto rental collision damage waiver, and no foreign transaction fees. These benefits can help save money and provide peace of mind for business travelers.
Q5: Are there any fees for employee cards?
A: No, there are no additional fees for employee cards. Business owners can issue cards to employees at no extra cost, allowing them to make business-related purchases while earning rewards for the business.
Q6: What purchase protections does the Ink Business Preferred Credit Card offer?
A: The card offers purchase protection, covering new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. It also provides extended warranty protection, extending the time period of the U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less.
Q7: Is there a sign-up bonus for new cardholders?
A: Yes, new cardholders can earn 100,000 bonus points after spending $15,000 on purchases in the first 3 months from account opening. This bonus is worth $1,250 when redeemed for travel through Chase Ultimate Rewards.
Conclusion
The Ink Business Preferred Credit Card from Chase is a powerful tool for business owners looking to manage their expenses while earning substantial rewards. With its generous rewards program, flexible redemption options, and comprehensive benefits, it stands out as a top choice for small to medium-sized businesses. Whether you’re looking to maximize your rewards on travel, office supplies, or advertising, the Ink Business Preferred Credit Card offers the flexibility and value you need.
