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  Chase Ink Business Preferred Credit Card

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Chase Ink Business Preferred Credit Card Claimed

Chase Ink Business Preferred Credit Card

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SuperMoney Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

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Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 20.24% - 25.24%
(Verified 08/04/2023)
Balance Transfer APR  (Variable APR) 20.24% - 25.24%
(Verified 08/04/2023)
Annual Fee $95
Credit Score Range 670 - 850
Number of Reviews 10

Chase Ink Business Preferred Credit Card Review

This is a cashback card issued by Chase Bank. If you're wondering whether Chase Ink business Preferred is the right card for you, read on.

Key Takeaways

  • Business credit card with generous reward rate. You can get a rewards rate of up to 3 reward points per dollar spent.
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 20.24% up to 25.24%.
  • 5% Balance transfer fee. Chase Ink Business Preferred Credit Card charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, purchase security, travel accident insurance, travel assistance, trip cancellation and interruption protection, and fraud protection.
  • Good or better credit required. You will have low approval odds if your credit score is below 670.

Pros & Cons of Chase Ink business Preferred

The Good The Bad
  • Chase Ultimate Rewards program allows you to redeem points you've earned for travel, experiences, merchandise, gift cards, and even cash back.
  • Multiple business credit card perks.
  • Offers Auto Rental Collision Damage Waiver.
  • Extended warranty on purchases.
  • Free access to your credit score.
  • Travel accident and travel assistance insurance.
  • Trip Cancellation and Interruption Protection.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere Chase Ink Business Preferred Credit Card is accepted.
  • Chase Ink Business Preferred Credit Card reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • You need good credit to qualify.
  • Charges an annual fee of $95
  • Charges a 5% balance transfer fee

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 20.24% up to 25.24%. The card has a variable balance transfer APR that ranges from 20.24% up to 25.24%.

It also has a variable cash advance APR of 29.24%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business card does not offer an introductory rate on new purchases.

Chase Ink business Preferred Rates & Terms
Purchase APR 20.24% - 25.24%
Balance Transfer APR 20.24% - 25.24%
Cash Advance APR 29.24%
Penalty APR 29.99%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $95.
  • A late payment penalty of up to $40.
  • A returned payment fee of up to $40.

Does it charge a foreign transaction fee?

This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Chase Ink business Preferred Fees
Fees Amount
Annual Fee $95
Foreign Transaction Fee 0%
Balance Transfer Fee 5%
Minimum Balance Transfer Fee $5
Returned Payment Fee $40
Late Payment Fee $40

Does it offer a cash back or rewards program?

Yes, Chase Ink business Preferred offers a rewards program to its customers. The rewards program allows you to earn 1% cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Advertising Services
  • Airfare
  • Amazon.com
  • Car Rentals
  • Internet, Cable and Phone Services
  • Every Purchase
  • Hotels
  • Office Supply Stores
  • Shipping

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

However, it does include a 100000 points signup bonus after you spend $15000 that can be redeemed for travel, gifts, or other perks.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

What are the benefits?

This business credit card provides the following benefits:

  • Free Credit Score
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Trip Cancellation Insurance
  • Fraud Liability
  • Travel Accident Insurance
  • Cellular Telephone Protection
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (877) 242-7372.

What is the support contact email?

The support contact email for this business credit card is customerdepartament@chase.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

Does Chase Ink Business Preferred Credit Card report your account activity to credit bureaus?

Yes, Chase Ink Business Preferred Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the Chase Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Chase Ink business Preferred

Flexible and rich rewards. Earn 3 points per $1 on the first $150,000 spent in combined purchases each account anniversary yearsame page link to offer details on: Shipping purchases. Internet, cable and phone services. Advertising purchases with social media sites and search engines. Travel. You can always redeem for cash back, or choose other great rewards including gift cards, travel and more through Chase Ultimate Rewards®

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Chase Bank

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $95
Cash Advance Fee (%) Up to 5%
Cash Advance Fee Minimum $15
Foreign Currency Transaction Fee 0%
Late Fee Amount $40
Minimum Cash Advance Fee ($) Starting at $15
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 20 days
Returned Payment Fee $40
Customer Type Business
Minimum Age 18
Credit Score Range 670 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Trip Cancellation Insurance
  • Emergency Support
  • Fraud Liability
  • Free Credit Score
  • Cellular Telephone Protection
  • Travel Accident Insurance
  • Travel Assistance
Bonus Offer Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
Bonus Rewards Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards. Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
No Reward Expiration Period
Rewards Rates
  • Travel
  • Advertising Services
  • Airfare
  • Amazon Purchases
  • Car Rentals
  • Internet / Cable / Phone Services
  • Hotels
  • Office Supplies
  • Shipping
  • Every Purchase
Signup Bonus (points) 100,000
APR Type Variable APR
Balance Computation daily balance method (including new transactions).
Cash Advance APR (Variable APR) 29.24%
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 20.24% - 25.24%
(Verified 08/04/2023)
Balance Transfer Fee % 5%
Balance Transfer Fee Minimum $5
Balance Transfer APR (Variable APR) 20.24% - 25.24%
(Verified 08/04/2023)
Card Network Visa
Card Type
  • Rewards
  • Cashback
  • Travel
  • Bonus Offers

Chase Ink Business Preferred Credit Card Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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