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Chase Ink Business Preferred Credit Card

in Business Credit Cards from Chase Bank

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Chase Ink Business Preferred Credit Card

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in Business Credit Cards from Chase Bank

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

10 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 15.99% - 20.99%
Balance Transfer APR  (Variable APR) 15.99% - 20.99%
Credit Score Range 700 - 850
Annual Fee $95
Number of Reviews 10

Chase Ink Business Preferred Credit Card Review

Key Takeaways
  • Business credit card with generous reward rate. You will get a rewards rate of up to 3 reward points per dollar spent.
  • Signup bonus. Offers a signup bonus of 100000 points after spending $15,000 that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. Chase Ink Business Preferred Credit Card has a variable purchase APR that ranges from 15.99% up to 20.99%.
  • 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 rental insurance, emergency support, extended warranty protection on purchases, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
  • Good or better credit required. You will have low approval odds if your credit score is below 700.
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.
  • Lower than average purchase APRs.
  • 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 insurance.
  • No foreign transaction fee.
  • Cardholders can earn rewards on their purchases.
  • Chase Ink Business Preferred Credit Card reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Charges an annual fee of $95
  • Charges a 5% balance transfer fee.
Chase Ink business Preferred FAQ

Who is Chase Ink business Preferred designed for?

This is a credit card issued by Chase Bank. 

This business card is designed for small business owners with good credit. The minimum credit score to apply is 700.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 15.99% up to 20.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 20.99%.

It also has a variable cash advance APR of 24.99%. 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 credit card does not offer an introductory rate on new purchases.

Chase Ink business Preferred Rates & Terms
Purchase APR 15.99% - 20.99%
Balance Transfer APR 15.99% - 20.99%
Cash Advance APR 24.99%
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 $39.
  • A returned payment fee of up to $39.

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 $39
Late Payment Fee $39

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make.

  • Advertising Services
  • Airfare
  • Amazon.com
  • Car Rentals
  • Internet, Cable and Phone Services
  • Drug Stores
  • Education
  • Every Purchase
  • Furniture
  • Gas stations
  • Groceries
  • Gyms
  • Home Improvement
  • Hotels
  • Insurance
  • Office Supply Stores
  • Restaurants
  • Retail
  • Shipping
  • Software, Hardware, Cloud
  • Utilities
  • Warehouse Clubs

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.

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

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 Credit Card

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

Icon for Business Credit Cards
View all business credit cards offered by Chase Bank

Availability

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

Feature Breakdown

Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 20 days
Annual Fee $95
Cash Advance Fee (%) Up to 5%
Cash Advance Fee Minimum $15
Late Fee Amount $39
Minimum Cash Advance Fee ($) Starting at $15
Returned Payment Fee $39
Customer Type Business
Minimum Age 18
Credit Score Range 700 - 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 Rewards 100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening.
No Reward Expiration Period
Rewards Categories
  • Points on Travel
  • Points on Advertising Services
  • Points on Airfare
  • Points on Amazon Purchases
  • Points on Car Rentals
  • Points on Internet / Cable / Phone Services
  • Points on Hotels
  • Points on Office Supplies
  • Points on Shipping
  • Points on Every Purchase
Signup Bonus (points) 100,000
Balance Computation daily balance method (including new transactions).
Cash Advance APR (Variable APR) 24.99%
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 15.99% - 20.99%
Balance Transfer Fee % 5%
Balance Transfer Fee Minimum $5
Balance Transfer APR (Variable APR) 15.99% - 20.99%
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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