How To Maximize The Chase Ink Business Preferred

Here’s a quick summary of what you can expect when you get the Ink Business Preferred Credit Card from Chase.

Earning Rewards

As a new cardholder, the Ink Business Preferred offers 100,000 points after spending $8,000 on purchases in the first 3 months from account opening.

You’ll also earn 3 points per dollar on the first $150,000 spent on travel and select business categories each account anniversary year and 1 point per dollar on all other purchases.

Redeeming Rewards

When it comes to redeeming your rewards, you’ll have plenty of options, including travel, cash back, gift cards, Apple products and more. Using your rewards to book travel through Chase Ultimate Rewards will give you a 25% bonus, making your points worth 1.25 cents apiece.

Alternatively, you can transfer your rewards to one of Chase’s airline or hotel partners and potentially get even more value. Partners include:

• Aer Lingus AerClub
• Air Canada Aeroplan
• British Airways Executive Club
• Emirates Skywards
• Flying Blue Air France/KLM
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards
• United MileagePlus
• Virgin Atlantic Flying Club
• IHG One Rewards
• Marriott Bonvoy
• World of Hyatt

Card Perks

The card also offers a handful of insurance protections, including:

• Trip cancellation and interruption insurance
• Auto rental collision damage waiver
• Cell phone protection
• Purchase protection
• Extended warranty protection
• Roadside dispatch

Fees

The card charges a $95 annual fee, but it doesn’t charge foreign transaction fees.

If used the right way, the Ink Business Preferred® Credit Card presents you the opportunity to squeeze a lot of extra value out of your points. Here are some of the best ways to maximize the rewards you earn.

Flights

If you’re booking a business trip, you’ve got a few options. If you’re short on points, you can earn 3 points per dollar on your purchase—and you can compare multiple flight options through the Ultimate Rewards portal.

If you do have enough points, you can book your flight through the Ultimate Rewards platform and get 1.25 cents per point. For a $1,000 flight, for instance, you’d only need 80,000 points, whereas most other general travel rewards programs may require 100,000 points or miles. You can also use them for a portion of your purchase if you don’t have enough for the entire trip.

Alternatively, you can transfer your points to one of Chase’s airline partners. For short-haul flights, for instance, you might be able to score a cheap award flight with United Airlines. If you’re traveling abroad, several international airlines offer excellent value on business-class award flights.

Hotels

As with flights, you can earn 3 points per dollar when you book a hotel stay with your Ink Business Preferred, or you can get 1.25 cents per point when you redeem rewards for a stay through Chase.

But depending on the details of your trip, you may be able to get more value by transferring your points to a hotel partner. In particular, the World of Hyatt program can offer around 2 cents per point on hotel stays.

Other Travel

Chase only allows transfers to select airline and hotel loyalty programs, but you can also get 1.25 cents per point on other travel reservations by booking them through Chase. Options include:

• Rental cars
• Cruises
• Activities

Don’t forget that you’ll get some solid insurance protections for your trip. If you rent a car for business purposes, for instance, your auto rental collision damage waiver acts as primary coverage, so you don’t have to worry about buying the car rental agency’s collision damage waiver—though it’s still a good idea to buy the liability coverage if you don’t have a personal policy to protect you.

And if you have to cancel or interrupt your trip for a covered reason, you can get up to $5,000 per person (up to $10,000 per trip) in reimbursements for prepaid, non-refundable travel expenses.

Pair Your Card With the Chase Sapphire Reserve®

If you want even more value on travel redemptions, you may consider pairing the Ink Business Preferred® Credit Card with the Chase Sapphire Reserve®, which offers 1.5 cents per point on travel redemptions through Chase Travel℠.

Chase makes it easy to transfer points earned with the Ink Business Preferred® Credit Card to the Sapphire Reserve. The Reserve also offers luxury travel perks, including airport lounge access, an application fee credit for Global Entry, TSA PreCheck or NEXUS and a $300 annual travel credit, helping elevate your travel experience.

Pay Your Phone Bill

When you use your Ink Business Preferred® Credit Card to pay your phone bill, you’ll get 3 points per dollar and cell phone protection. In the event that your phone is stolen or damaged, you can get up to $1,000 in coverage per claim with a $100 deductible. You can file up to three claims per 12-month period.

The Ink Business Preferred® Credit Card offers a lot of value through its versatile rewards program and insurance perks. Before you start using your card, consider your spending habits and travel goals to determine how you can best maximize the card’s features.