Ink Business Preferred® Credit Card
$95 transferable Ultimate Rewards business card — 3x on travel, shipping, ads, and comms up to $150k/year
Costs & Pricing
Annual fee (primary): $95 (no first-year waiver published)
Employee card fee: $0
Purchase APR: 17.74%–26.74% variable (Prime + 10.99% to +19.99%; max 29.99%)
Intro APR (purchases): Not offered
Intro APR (balance transfers): Not offered (account may not be eligible for balance transfers)
Foreign transaction fee: $0
Cash advance APR: 28.49% variable ($15 or 5% fee, whichever greater)
Late payment fee: $40
Penalty APR: Up to 29.99% variable (may apply indefinitely after missed minimum or returned payment)
Other fees: Pay Over Time monthly fee up to 1.72% of selected amount (purchases $100+). Balance transfer fee $5 or 5% if eligible. My Chase Loan APR same as purchase APR.
Rewards & Value
Bonus Categories & Promotions
- ★ 3x (combined cap) on first $150,000 anniversary-year spend across shipping, social/search advertising, travel, and internet/cable/phone services — then 1x
- ★ 5x total on qualifying Lyft app spend through 9/30/2027
Partner Credits & Perks
- ✓ Complimentary DashPass by DoorDash/Caviar if activated by 12/31/2027 (min. 12 months from first activation)
- ✓ Up to $10 off per calendar month on one qualifying non-restaurant DoorDash order after DashPass activation
- ✓ Lyft 5x earn through 9/30/2027 (not a statement credit)
Transfer partners: Native transfers (airlines 1:1; IHG, Marriott, Wyndham 1:1). World of Hyatt 1:1 through 9/30/2026, then 4:3 from 10/01/2026 (1,000 UR → 750 Hyatt). Unlocks transfers for Ink Cash/Unlimited points moved onto this card.
Credit, Limits & Spending
Credit limit: Preset revolving credit line; commonly cited $5,000 minimum (secondary). Automatically reviewed for increase at least every 6 months.
Personal guarantee: Required — authorizing officer liable individually and jointly with the business for all balances
Credit check: Hard pull on the authorizing officer (standard Chase practice)
Recommended credit: Good to excellent / ~690+ (unofficial guidance; issuer publishes no cutoff)
Employee cards: Free; number not capped in public copy; individual spend limits and real-time tracking
Virtual cards: Not offered as a Ramp/Brex-style virtual-card suite
Product type: Revolving business credit card
Network: Visa (Visa Signature Business)
Benefits, Protections & Tools
Travel
- ✓ Trip cancellation/interruption — up to $5,000 per covered traveler, $10,000 per trip
- ✓ Trip delay (commonly up to $500 after 12-hour delay — confirm Guide to Benefits)
- ✓ Baggage delay — up to $100/day, max 5 days, delay >6 hours
- ✓ Primary business-use auto rental CDW (commonly $60,000; secondary for personal U.S. rentals)
- ✓ Roadside dispatch (fees billed to card)
Purchase Protections
- ✓ Purchase protection — 120 days, up to $10,000 per claim (commonly $50,000 per account)
- ✓ Extended warranty — +1 year on eligible U.S. warranties of 3 years or less
- ✓ Cell-phone protection — up to $1,000 per claim, $100 deductible, 3 claims / 12 months (Preferred and Premier only in Ink family)
- ✓ Zero Liability fraud protection
Business Tools
- ✓ Chase Mobile app with employee card controls
- ✓ Quarterly reports; up to 24 months of statement detail
- ✓ Select bookkeeping software integration (QuickBooks commonly cited)
- ✓ Employee spend limits and real-time tracking
Eligibility & Application
Who can apply: U.S. sole props, DBA/freelancers, LLCs, C-corp, S-corp, partnerships; must be used only for business purposes
Business requirements: No published time-in-business or revenue cutoffs; sole props may use SSN; entities use EIN plus officer SSN
Issuer rules: Chase 5/24 commonly reported (5+ personal cards in 24 months → likely denial; unofficial). Bonus may be blocked if applicant ever held this card.
Application impact: Hard inquiry on authorizing officer's personal credit; Ink cards typically do not increment 5/24 after approval (commonly reported)
Best for: Transferable Ultimate Rewards Advertising spend Shipping Travel earn No foreign transaction fee Employee cards
Pros & Cons
Pros
- ✓ 100,000 UR / $8,000 / 3-month welcome bonus; authorized-user spend counts
- ✓ 3x on shipping, direct social/search ads, comms, and travel up to $150k per anniversary year
- ✓ Native Ultimate Rewards transfers; unlocks transfers for Ink Cash/Unlimited points
- ✓ $0 foreign-transaction fee and $0 employee cards
- ✓ Cell-phone protection plus purchase protection and primary business rental CDW
Cons
- ✗ $95 annual fee with no Global Entry, lounge, or travel statement credit
- ✗ No intro 0% APR — poor working-capital tool if a balance will be carried
- ✗ Personal guarantee + hard pull + unofficial 5/24 gate
- ✗ Advertising 3x is narrow (direct platform MCCs, not agencies); office supplies are not 3x
- ✗ Hyatt transfers drop to 4:3 on October 1, 2026; bonus likely unavailable if you ever held this card
Strong Buy (transferable UR business keystone)
Ink Business Preferred is the transfer keystone of the Ink family — 3x on the spend categories many operators actually have, $0 FTF, and a 100k welcome bonus, all at $95. Pair it with Ink Cash or Unlimited if you want the rest of spend at cash-back rates with transferable points parked here. Skip it if you need 0% capital, no personal guarantee, lounges, or simple uncapped cash back.