The Ink Business Preferred® Credit Card is a popular choice for business owners looking to earn flexible rewards. In this post, we’ll explore the advantages and disadvantages of this card, along with its extra features. You’ll also learn how to apply and the prerequisites for requesting it.
The Ink Business Preferred® Credit Card is a popular choice for business owners looking to earn flexible rewards. In this post, we’ll explore the advantages and disadvantages of this card, along with its extra features. You’ll also learn how to apply and the prerequisites for requesting it.
Advantages of the card Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card offers a lucrative new cardmember offer of 100,000 bonus points after spending $8,000 on purchases in the first 3 months, which can be redeemed for $1,000 cash back or $1,250 toward travel rewards through Chase Ultimate Rewards®.
Cardholders earn 3X points on shipping and select business categories, making it an ideal choice for businesses with these expenditures. Additionally, you can earn 3 points per $1 on the first $150,000 spent in combined purchases in categories like shipping, advertising with social media sites and search engines, internet, cable, and phone services, and travel. All other purchases earn you unlimited 1 point per $1. These points never expire as long as your account is open.
One standout feature of the Ink Business Preferred® Credit Card is that points are worth 25% more when redeemed for travel through Chase Ultimate Rewards®, providing excellent value for travelers. Furthermore, cardholders can earn 5X points on Lyft rides through March 2025.
Another advantage is the ability to issue employee cards at no additional cost, which can help manage expenses and earn rewards more efficiently.
Disadvantages of the card Ink Business Preferred® Credit Card
While the Ink Business Preferred® Credit Card offers numerous advantages, it comes with an annual fee of $95, which may not be suitable for businesses looking for a no-fee card. The variable APR ranges from 21.24% to 26.24%, so it’s essential to pay your balance in full to avoid high-interest charges.
Extra features offered by Ink Business Preferred® Credit Card
This card provides several valuable extra features, including no foreign transaction fees, 1:1 point transfer options to various loyalty programs, and travel and purchase coverage. These perks can enhance your overall experience and provide peace of mind when using the card for business expenses.
Learn how to apply for your credit card Ink Business Preferred® Credit Card
To apply for the Ink Business Preferred® Credit Card, you can visit the official website and fill out the online application. Alternatively, you can apply through the site’s mobile app or by visiting a Chase agency in person.
Discover the main ways to apply for the card Ink Business Preferred® Credit Card
If you prefer applying from the website, simply visit the Chase website, navigate to the Ink Business Preferred® Credit Card page, and click on the “Apply as a guest” button to start the application process.
For mobile application, download the Chase mobile app, create an account or log in if you already have one, and search for the Ink Business Preferred® Credit Card to begin your application.
If you prefer a more personalized approach, you can visit a Chase agency near you and speak to a representative who will guide you through the application process.
Prerequisites for request Ink Business Preferred® Credit Card
To be eligible for the Ink Business Preferred® Credit Card, you should have a good credit score. The specific credit score requirements may vary, but a strong credit history is essential for approval. Additionally, you’ll need to provide business information during the application process.
From the site
When applying from the site, ensure you have all the necessary personal and business information, including your Social Security number, business name, tax identification number, and financial details ready to complete the application.
From the site App
If applying through the mobile app, make sure to have your personal and business information readily available. The app will guide you through the necessary steps to submit your application.
By agency
When visiting a Chase agency, bring all required documentation and be prepared to answer questions about your business and financial situation. The representative will assist you in completing the application.
In conclusion, the Ink Business Preferred® Credit Card is a powerful tool for business owners, offering substantial rewards, valuable extra features, and multiple application methods. While it comes with an annual fee and variable APR, its benefits can outweigh the costs for those who can take full advantage of its rewards program. To make the most of this card, ensure you have a good credit score and the necessary business information when applying. Overall, it’s a worthy addition to any business’s financial toolkit.
In conclusion, the Ink Business Preferred® Credit Card is a powerful tool for business owners, offering substantial rewards, valuable extra features, and multiple application methods. While it comes with an annual fee and variable APR, its benefits can outweigh the costs for those who can take full advantage of its rewards program. To make the most of this card, ensure you have a good credit score and the necessary business information when applying. Overall, it’s a worthy addition to any business’s financial toolkit.