Chase Ink Business Preferred

Rewards summary

Earns 3 Chase Ultimate Rewards points per dollar on the first $150,000 a year of combined travel, shipping, internet/cable/phone, and social media or search advertising spend, then 1x. The value depends on transferring points to airline and hotel partners: cashed out at 1¢, the same spending loses to a 2% card.

Earn rates

• 3x points on the first $150,000 a year in combined travel, shipping, internet/cable/phone, and social media and search engine advertising
• 1x point on all other purchases
• Points transfer to Chase's airline and hotel partners, or pool with other Ultimate Rewards cards

Year-2 value math

Year-2 net value of about $1,060 on $37,400 of annual spending: $312 more than a $0, 2% flat-rate card.

Travel: $6,000 at 3x

$288

Shipping: $3,000 at 3x

$144

Internet, cable, and phone: $2,400 at 3x

$115

Social media and search ads: $6,000 at 3x

$288

Everything else: $20,000 at 1x

$320

Annual fee (Year 2)

−$95

Year-2 net value

$1,060

$0, 2% flat-card baseline on the same $37,400

$748

Difference vs. baseline

+$312

At this spending mix, the card beats a $0, 2% flat-rate card once about $6,250 a year runs through its bonus categories (we assume $17,400). Below that, the annual fee is not paying for itself.

If you cash points out at 1¢ instead of transferring them, the same spending is worth about $722 in rewards at 1¢ per point: a Year-2 net of $627, $121 less than the 2% baseline.

Assumptions behind the math

• $37,400 of annual spending on this card, split as shown.
• Rewards valued at 1.6¢ per Chase Ultimate Rewards point (published MoneyFactor methodology).
• Welcome bonus excluded: this is Year-2 math, when the card has to earn its keep.

Credits and perks

No annual statement credits. The fee is justified by 3x earning plus transferable points, not by perks.

• No foreign transaction fee, trip cancellation/interruption coverage, and cell phone protection when the phone bill is paid with the card. No lounge access or travel credits.
• Full Chase Ultimate Rewards transfer access on its own, including United, Southwest, and Hyatt, which is the main reason to choose it over a no-fee business card.

What the marketing overstates

• Headline point values assume transfers to airline and hotel partners; at 1¢ cash value the card trails a flat 2% card at our spending mix.
• The $150,000 cap is generous, but the 3x categories are narrow: office supplies and inventory earn 1x.
• Welcome-bonus math dominates most reviews; Year 2 is where the $95 fee has to be earned.

Who should get it

• LLCs and sole proprietors with $6,000+ a year in shipping, advertising, telecom, or travel
• Business owners already using Chase Sapphire who want to pool points
• Businesses that redeem through transfer partners rather than cashing points out

Who should skip it

• Most of your business spending falls outside the four 3x categories
• You only ever redeem for cash: at 1¢ per point a 2% card beats it
• You want a no-fee business card: Ink Business Cash covers office supply and telecom spend for $0

Alternatives to compare

• Chase Ink Business Cash ($0 annual fee)

  $0 fee with 5% on office supply and internet/phone spend (first $25,000 a year).

• Chase Sapphire Preferred ($95 annual fee)

  The personal Ultimate Rewards card to pool with, if most of your spending is personal travel and dining.

• Citi Double Cash ($0 annual fee)

  A flat 2% catch-all if your business spending does not fit the 3x categories.

Fact check

Checked Oct 29, 2026. Checked against current public card listings and recent 2026 card reviews. Issuer terms were not independently confirmed, so confirm final terms on the issuer's site before applying.

• Verified: $95 annual fee; 3x on the first $150,000 of combined spend in the four categories; 1x elsewhere.
• Not yet verified: A change to the Hyatt transfer ratio effective October 1, 2026 has been reported; the 1.6¢ point valuation has not been adjusted for it.
• Not yet verified: The welcome offer varies by listing and is not used in this profile.

Sources

• Chase official card page

  Primary source for current terms. Our automated check of this page runs weekly.

• AwardWallet

  Checked Oct 29, 2026: $95 fee, 3x on first $150,000 in four categories.

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