Rewards

Sign-up bonus

This card has a lucrative sign-up bonus competitive with the best business cards in its class. You'll get 80,000 points after you spend $5,000 on your card within three months of account opening. The bonus is worth $1,000 if redeemed for travel through the Chase Ultimate Rewards portal, and could be worth $1,260 or more if you transfer the points to an eligible airline or hotel rewards program, based on an analysis of point values by The Balance.

Points

You'll earn 3 points per $1 on $150,000 spent annually on travel, shipping, internet, cable and phone services, and advertising purchases made with social media sites and search engines combined. You will also earn 1 point per $1 spent above the $150,000 cap, as well as on all your other purchases.
This earning proposition is generous. There are some cards that offer higher bonus rewards in popular business spending categories, but their annual fees are $250 or more.
Chase Ultimate Rewards points also never expire, provided you keep your account open.

Cash Back

If you don't travel much or spend money in the other bonus categories, you'll miss out on most of the ongoing value of the Ink Business Preferred℠ Credit Card. The Ink Business Cash℠ Credit Card earns 5% cash back on up to $25,000 a year in combined spending at office supply stores and on internet, cable and phone services; 2% back on up to $25,000 a year in combined spending at gas stations and restaurants; and 1% back on everything else. You also can earn one of the biggest sign-up bonuses on any card with a $0 annual fee: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. 

Rewards Redemption

One of the main benefits of the Chase Ink Business Preferred Credit Card is the fact that the rewards you earn are so ridiculously flexible. For starters, you have the option to redeem for statement credits at a value of 1 cent per point. Gift cards are normally offered for 1 cent per point as well, but there are occasionally "sales" that let you redeem for gift cards at an even better value.
This is primarily a travel card, though, and you'll usually get your best value by using them for travel: an average of 1.58 cents per point, according to our research. You can redeem points by booking travel directly through the Chase Ultimate Rewards portal and receive 1.25 cents per point (i.e. 80,000 points are worth $1,000 when redeemed for travel).

Costs

Annual Fee

$95

Rewards Rate

1x-3x

Bonus Offer

Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®

APR

17.49% - 22.49% Variable APR

Cash Advance APR

26.49%, Variable

Balance Transfer Fee

Either $5 or 5% of the amount of each transfer, whichever is greater.

Foreign Transaction Fee

None

Application

Check Your Status by Phone

To check your personal Chase credit card application status by phone, call the application status line at 888-338-2586. For business applications, call 1-800-453-9719.

Check Your Status Online

If you are already a Chase customer, you can check your application status online. After you log in to your account, click on the icon in the top left corner that looks like a column of lines.

Payment

By Phone Service

Call 1-800-436-7958 anytime.

By Mail

Mail your check or money order with your name and account number to:
Cardmember Services
P.O. Box 6294
Carol Stream, IL 60197-6294
Note: Do not send cash.

Chase Mobile® App

Make a payment from your mobile device.

Customer Service:

Mobile App

Chase has a free mobile app available for Apple and Android devices. To get started, text "mobile" to 24273, and you'll receive a link to download the Chase Mobile® app. The app can also be downloaded through your mobile device's app store.