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  Ink Business Preferred

Ink Business Preferred

in Business Credit Cards from Chase Bank

Claimed

Ink Business Preferred

Claimed

in Business Credit Cards from Chase Bank

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Highlights
Highlights
Annual Fee $95
Purchase APR  (Variable APR) 18.24% - 23.24%
Balance Transfer APR  (Variable APR) 18.24% - 23.24%
Credit Score Range 700 - 850

Ink Business Preferred Review

Who is Ink Business Preferred designed for?

Ink Business Preferred is a credit card issued by Chase Bank. 

This card is designed for businesses with good credit. The minimum credit score to apply is 700.

What are the relevant APRs for Ink Business Preferred?

Ink Business Preferred has a variable purchase APR that ranges from 18.24% up to 23.24% . The card has a variable balance transfer APR that ranges from 18.24% up to 23.24% .

It also has a variable cash advance APR starting at 27.24% . 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 Ink Business Preferred have an introductory APR offer?

No, Ink Business Preferred does not come with an introductory APR offer for balance transfers.

Ink Business Preferred does not offer an introductory rate on new purchases.

Ink Business Preferred Rates & Terms
Purchase APR 18.24% - 23.24%
Balance Transfer APR 18.24% - 23.24%
Cash Advance APR Starting at 27.24%
Penalty APR 29.99%

What are the Ink Business Preferred fees?

The following fees apply to Ink Business Preferred:

  • An annual fee of $95.
  • A late payment penalty of up to $39.
  • A returned payment fee of up to $39.

Does Ink Business Preferred have a foreign transaction fee?

Ink Business Preferred 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.

Ink Business Preferred Fees
Fees Amount
Annual Fee $95
Foreign Transaction Fee 0%
Returned Payment Fee up to $39
Late Payment Fee up to $39

Is there a Ink Business Preferred cash back or rewards program?

Ink Business Preferred offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This card offers rewards to businesses that use the card to make purchses in the following categories:

  • Advertising Services
  • Airfare
  • Amazon.com
  • Car Rentals
  • Internet, Cable, Phone
  • Every Purchase
  • Hotels
  • Office Supplies
  • Shipping
  • Trains, Cruises, Other Travel

Does Ink Business Preferred have a signup bonus?

Ink Business Preferred doesn't offer a cash signup bonus.

However, it does include a 80000 points signup bonus after spending $5000 that can be redeemed for travel, gifts, or other perks.

Does Ink Business Preferred offer an annual loyalty bonus?

Ink Business Preferred doesn't offer a cash loyalty bonus.

What are the Ink Business Preferred benefits?

Ink Business Preferred provides the following benefits:

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

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

Ink Business Preferred 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 can help improve your credit score.

How to apply for Ink Business Preferred

  • Visit the Chase Bank .
  • 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.
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Feature Breakdown

No Interest Grace Period for Late Payment 20
Minimum Interest Charge $0
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee  
Returned Payment Fee Up to $39
Annual Fee $95
Late Fee Amount Up to $39
Cash Advance Fee ($) Starting at $15
Cash Advance Fee (%) Starting at 5%
Cash Advance Fee Minimum $15
Minimum Age 18
Credit Score Range 700 - 850
Customer Type Business
Extended Warranty  
Fraud Liability  
Travel Insurance  
Emergency Support  
Free FICO Score  
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Purchase Protection
  • Travel Assistance
  • Trip Cancellation Insurance
Rewards Categories
  • Advertising Services
  • Airfare
  • Amazon Purchases
  • Car Rentals
  • Every Purchase
  • Hotels
  • Internet / Cable / Phone Services
  • Office Supplies
  • Shipping
  • Trains, Cruises, Other Travel
Bonus Rewards 80,000 bonus points after you spend $5,000 on purchases in the first 3 months
All Other Purchases 1 Point Per $1 spent on all other purchases.
Every Purchase 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable, phone services, and advertising purchases each year.
No Reward Expiration Period  
Signup Bonus (points) 80,000
Purchase APR (Variable APR) 18.24% - 23.24%
Cash Advance APR (Variable APR) Starting at 27.24%
Balance Computation Daily balance
Penalty APR 29.99%
Balance Transfer APR (Variable APR) 18.24% - 23.24%

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