The Chase Ink Business Preferred Credit Card earns 3x Ultimate Rewards points on the first $150,000 in combined spending across travel, shipping, internet, cable, phone services, and advertising through search engines or social media platforms. All other purchases earn 1x. It carries a $95 annual fee.
The card is typically considered the anchor of the Ink Business suite, providing the highest-value combination of bonus earning and Ultimate Rewards transferability.
What the product is structurally
The Ink Business Preferred is a Visa Business credit card on a revolving credit line that earns Ultimate Rewards points. Unlike the Ink Business Cash and Ink Business Unlimited, the Preferred Card allows direct transfer of points to Chase’s airline and hotel partners without needing to combine with a second card.
Transfer partners accessible through the Ink Business Preferred include United MileagePlus, World of Hyatt, Southwest Rapid Rewards, British Airways Avios, Air France-KLM Flying Blue, Singapore Airlines KrisFlyer, and others at a 1:1 ratio.
The card includes cell phone protection (up to $1,000 per claim, three claims per 12-month period, $100 deductible), trip cancellation and interruption insurance, and purchase protection.
How it works in practice
The 3x bonus applies to six combined categories: travel (airlines, hotels, rental cars, and more), shipping purchases, internet, cable, and phone bills, and advertising purchases made with social media and search engines. All six categories share a single $150,000 annual cap.
Above $150,000 in combined bonus category spending, the earn rate drops to 1x for the remainder of the account year. The cap resets on the account anniversary.
Points can be transferred to airline and hotel partners or redeemed through Chase Travel at a rate of 1.25 cents per point — an uplift from the standard 1-cent-per-point cash back rate.
The welcome bonus is 90,000 Ultimate Rewards points after spending $8,000 within the first three months of account opening, as of early 2026. At 1.25 cents per point through Chase Travel, this equals $1,125 in travel.
Fees and pricing mechanics
The annual fee is $95. No foreign transaction fees apply.
Cell phone protection covers the devices listed on the monthly wireless bill paid with the card. The $100 deductible applies per claim; coverage is capped at $1,000 per claim and $3,000 per 12-month period.
Limits, eligibility, and availability
Chase’s 5/24 rule applies. Approval requires a U.S. business and personal credit evaluation with personal guaranty.
The $150,000 bonus category cap is generous for most small businesses, but businesses with very high advertising or telecom spending may exhaust it. A business spending $200,000 in bonus categories would earn 3x on the first $150,000 and 1x on the remaining $50,000.
Tradeoffs, risks, or limitations
The $8,000 spend requirement for the welcome bonus is high relative to other $95-annual-fee cards. Businesses with lower initial spending may find it difficult to earn the full bonus in the three-month window.
The 3x rate is compelling, but only on the defined categories. Businesses with spending outside these categories — manufacturing, professional services, equipment purchases — earn 1x on the majority of their spend.
The 1.25-cent-per-point rate through Chase Travel is better than the 1-cent cash back floor, but requires booking through Chase’s portal, which may not always offer the most competitive pricing on flights and hotels. Transfer to partner programs can provide higher per-point values but requires more active management.
See also: Chase Ink Business Cash Card Review, Chase Ink Business Unlimited Card Review
