Why I’m Still Pining Over the Ink Business Preferred Credit Card

AdSense

A few weeks ago, I wrote about the credit cards I plan to sign up for in the next few months – the Hyatt credit card and the Hilton Honors Surpass Card from American Express. But one card I truly want is still missing from that list. What I really want is the Ink Business Preferred Business card. Unfortunately, they have denied us twice – once when I applied and another time for my husband.

Since the Chase 5/24 rule applies to this card and other Ultimate Rewards cards, it’s doubtful I’ll get it any time soon. But I’m still hoping and angling for it anyway, and I may apply again under my husband’s name this fall.

Signup Bonus

Right now, you can earn 80,000 points after you spend $5,000 on your card within three months when you apply online. Those points are worth $1,000 in travel through the portal (more if you also have the Chase Sapphire Reserve), but you can also transfer them to awesome partners like Southwest, Hyatt, Marriott, British Airways, and Flying Blue.

Awesome 3x Categories

Since my husband and I own an online business, the 3x categories for this card are amazing. Earning 3x points on shipping, online advertising with search engines and social media, internet, cable, and phone, and travel would be a game-changer.

You Can Pool Points in a Chase Sapphire Reserve Account

I tend to book a ton of excursions and activities through the Chase portal. Fortunately, I could get even more value out of these points by pooling them in one of our Chase Sapphire Reserve accounts to get 50 percent off travel.

No Foreign Transaction Fees

I love it that I could use my business credit card for business purchases abroad without paying a foreign transaction fee for the privilege.

Free Employee Cards

Some business credit cards (I’m looking at you, Amex Plat) want to charge outrageous fees for employee cards. I really like the fact the Ink Business Preferred card makes it easy to offer employee cards without paying a fee. The more cards you have in use, the easier it is to rack up points.

Cell Phone Protection

Get up to $600 in cell phone coverage for theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Chase Ink Business Preferred credit card. While this coverage is free, you have a $100 deductible per claim and can only submit three claims per year.

Trip Cancellation/Interruption Insurance

I used this coverage once before, getting a $500+ reimbursement when we were stuck in Jamaica for two additional days. I love Chase travel coverage and would use this card to pay for all my business travel for sure.

Final Thoughts

If you’re a business owner and think you might qualify for this card from Chase, applying is a smart move. Not only can you earn 80K bonus points when you apply online, but you can pool those points with other Chase Ultimate Rewards cards, too.

While we haven’t been able to get approved for this one yet, I’m still holding out hope. In the meantime, our Ink Cash card will have to do the trick.

Do you have this business credit card? Why or why not?


Holly Johnson is a financial expert and award-winning writer whose obsession with frugality, budgeting, and travel plays a central role in her work. In addition to serving as Contributing Editor for The Simple Dollar, Holly writes for inspiring…
All Articles | Follow on Google+

Chase Sapphire Preferred® Card

  • Annual Fee:
    $95 fee waived for the first year
  • Foreign Fees:
    No
  • Card Type: Bank

Apply Now
Add to Favorites

  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption – Kiplinger’s Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards

Breakdown

Earn (pt.)

Spend


First 3 months

50,000

$4,000


Travel Purchases

2.00

$1


Restaurants Purchases

2.00

$1


Coffee Shops Purchases

2.00

$1


Fast Food Purchases

2.00

$1


Alcohol & Bars Purchases

2.00

$1


All Purchases

1.00

$1


Chase Sapphire Preferred® Card

  • Annual Fee:
    $95 fee waived for the first year
  • Foreign Fees:
    No
  • Card Type: Bank


Apply Now
Add to Favorites
FTG Review Reward Breakdown Points Breakdown
  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption – Kiplinger’s Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards

Breakdown

Earn (pt.)

Spend


First 3 months

50,000

$4,000


Travel Purchases

2.00

$1


Restaurants Purchases

2.00

$1


Coffee Shops Purchases

2.00

$1


Fast Food Purchases

2.00

$1


Alcohol & Bars Purchases

2.00

$1


All Purchases

1.00

$1


Apply Now

Powered by WPeMatico

eBay