Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; data as of September 27, 2026. Card issuers do not influence our rankings or content.
100,000 bonus points and 3X on $150K in business spending
Earn 100,000 bonus points after $8,000 spend in 3 months, plus 3X points on travel, shipping, advertising, and internet/cable/phone on the first $150,000 each account anniversary year. Transfer points 1:1 to 14 airline and hotel partners at 1.8 cents each. All for a $95 annual fee.
Annual Fee
$95
Foreign Transaction Fee
$0
Network
Visa Signature
Rewards Currency
Chase Ultimate Rewards
Point Value (Transfer Estimate)
1.5–2.05 cpp (mid: 1.8)
Credit Required
Good to Excellent
Welcome Offer
100,000
Ultimate Rewards points
Spend $8,000 in the first 3 months
Earn 100,000 bonus points after spending $8,000 in the first 3 months. At 1.8 cents per point, the bonus is worth $1,800 toward travel when transferred to partners.
Earn 3 points per dollar on airfare, hotels, car rentals, trains, buses, taxis, cruises, and travel agencies up to the $150,000 combined annual cap.
Spend $20,000 annually on business travel: earn 60,000 points worth $1,080 at 1.8 cents each.
Earn 3 points per dollar on USPS, FedEx, UPS, and other shipping services. Ideal for e-commerce businesses shipping inventory.
Spend $30,000 annually on shipping: earn 90,000 points worth $1,620 at 1.8 cents each.
Earn 3 points per dollar on advertising with social media sites and search engines including Google Ads, Facebook Ads, Instagram, and LinkedIn.
Spend $50,000 annually on digital ads: earn 150,000 points worth $2,700 at 1.8 cents each.
Earn 3 points per dollar on internet, cable TV, and phone service bills. Stack with cell phone protection for additional value.
Spend $3,600 annually on telecom: earn 10,800 points worth $194 at 1.8 cents each.
Earn 5 points per dollar on qualifying Lyft rides, bike, and scooter rides through September 30, 2027.
Spend $2,000 annually on Lyft: earn 10,000 points worth $180 at 1.8 cents each.
Earn 1 point per dollar on purchases outside bonus categories with no earning caps. Points do not expire while the account is open.
Spend $50,000 annually on other purchases: earn 50,000 points worth $900 at 1.8 cents each.
Benefits & Perks
Program & Transfers
Transfer to 14 partners at 1:1 with 1.5-2.0cpp portal floor
Chase Ultimate Rewards stands as the most versatile transferable points program, combining best-in-class hotel transfers, strong airline coverage, and valuable portal redemptions. The crown jewel is the 1:1 World of Hyatt transfer, widely considered the best hotel transfer value in the industry. With 14 transfer partners spanning all three major alliances, Ultimate Rewards offers flexibility for both domestic and international travel. The program uniquely includes Southwest Rapid Rewards as a transfer partner - the only way to earn Southwest points through transfers, making it essential for Companion Pass strategies. The Sapphire Reserve's 1.5cpp portal value provides a reliable redemption floor, while Pay Yourself Back offers 1.5cpp for statement credits in select categories. This combination of transfer flexibility and fixed-value options makes Ultimate Rewards ideal for both beginners and optimization experts.
Reviews & Analysis
Details & Terms
| Rule | Details |
|---|---|
| No CR | This business card will not show on your personal credit report, so it won't count against your 5/24 status |
| Chase Ink Lifetime Rule | The new cardmember bonus may not be available to you if you have ever had this card |
| 5/24 | Chase applications will be declined if 5 new cards have been added to your personal credit report in the past 24 months. |
| Chase 2/30 | You'll be declined if you apply for a third Chase card of any kind within 30 days |
| Chase 4/6 | Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months |
| Purchase APR | 17.74%–26.74% (Variable) |
| Cash Advance APR | 25.49%–29.99% (Variable) |
| Foreign Transaction Fee | $0 |
Up to 5X (Lyft)
Highest rate (conditional)
Recurring credits (annual): $240
Estimated annual value: $29
| Credit | Value | Category | Frequency | Details |
|---|---|---|---|---|
| $20/mo Instacart+ | —/Monthly | Delivery | Monthly | |
| 8% Booking.com travel credit | —/Per stay | Travel | Per stay | |
| DoorDash DashPass | — | Delivery | — |
Combined Protection Value
$69,250
Get up to $1,000 per claim (3 claims/year, $100 deductible) when your phone is damaged or stolen and you pay your wireless bill with this card.
Access 24/7 multilingual travel assistance including medical referrals, legal help, emergency cash, and lost luggage support.
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business
If your trip is canceled or cut short by sickness, severe weather or other covered situations, you can be reimbursed up to $5,000 per covered
Get reimbursed up to $3,000 per person per trip for lost, stolen, or damaged luggage when traveling with your card.
Get reimbursement up to $250 per item when a merchant won't accept returns within 90 days of purchase (Signature tier).
Points Boost replaces fixed portal multipliers for new Sapphire cardholders, changing CSR from guaranteed 1.5cpp to variable 1.0-2.0cpp
Chase Sapphire Reserve Business card launched with 150,000 point welcome bonus and $120K annual spend threshold
Air Canada Aeroplan added as 14th transfer partner with instant transfers and 10% bonus for Chase Aeroplan cardholders on 50K+ transfers
The Edit luxury hotel collection launched for Sapphire Reserve holders with breakfast, $100 credit, and room upgrades
Transfer your Ultimate Rewards points to 14 leading loyalty programs for maximum value.
Most partners accept Ultimate Rewards points at a 1:1 ratio with instant or near-instant transfers.
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | — | 1.2 cpp | |
| 1:1 | instant | — | — | |
| 1:1 | instant | 91% | 1.25 cpp | |
| 1:1 | instant | 85% | 1.3 cpp | |
| 1:1 | instant | 79% | 1.3 cpp | |
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Intra-Europe in Economy on a Partner | 3,500 | British Airways Avios | economy | europe |
| Intra-Europe in Economy | 3,500 | Iberia Plus | economy | europe |
| Short Haul Intra-Europe | 4,000 | British Airways Avios | economy | europe |
| Intra-Europe in Economy on a Partner | 4,000 | Virgin Atlantic Flying Club | economy | europe |
| Intra-Europe in Economy | 7,500 | Air France Klm Flying Blue | economy | europe |
| Intra-Europe on Star Alliance | 8,000 | United Mileageplus | economy | europe |
| Domestic US in Economy | 4,600 | Jetblue Trueblue | economy | united_states |
| Domestic US in Economy on a Partner | 6,300 | United Mileageplus | economy | united_states |
| Domestic US and Canada in Economy | 7,100 | Air Canada Aeroplan | economy | united_states |
| Domestic US in Economy on a Partner | 7,500 | Virgin Atlantic Flying Club | economy | united_states |
| Domestic US in Economy on a Partner | 13,500 | British Airways Avios | economy | united_states |
| Domestic US in Economy on a Partner | 15,000 | Singapore Krisflyer | economy | united_states |
| US to Europe in Economy | 6,000 | Virgin Atlantic Flying Club | economy | europe |
| US to Europe in Economy | 13,000 | Aer Lingus Avios | economy | europe |
| US to Europe in Economy | 16,000 | Iberia Plus | economy | europe |
| US to Iceland in Economy on a Partner | 17,000 | Jetblue Trueblue | economy | europe |
| US to Europe in Economy | 25,000 | Air France Klm Flying Blue | economy | europe |
| US to Europe in Economy | 26,700 | United Mileageplus | economy | europe |
| US to Europe in Economy | 35,000 | Air Canada Aeroplan | economy | europe |
| US to Hawaii in Economy | 8,000 | Southwest Rapid Rewards | economy | united_states |
Showing top 20 of 57 sweet spots
The Ink Business Preferred charges a $95 annual fee and earns 3X on $150,000 in combined business categories each year. The 100,000-point welcome bonus is worth $1,800 at our 1.8-cent Ultimate Rewards valuation, plus the card adds primary rental car coverage, cell phone protection, and complimentary DashPass.
The Chase Ink Business Preferred is a $95-annual-fee business card built around transferable Ultimate Rewards points. It earns 3 points per dollar on travel, shipping, advertising, and internet/cable/phone services on the first $150,000 spent each account anniversary year, plus 5 points per dollar on Lyft rides through September 30, 2027. The current welcome offer is 100,000 bonus points after $8,000 in purchases within the first 3 months.
- 100,000 bonus points after $8,000 spend in the first 3 months; worth about $1,800 at our 1.8-cent Ultimate Rewards valuation. - 3X points on travel, shipping, social media/search advertising, and internet/cable/phone on the first $150,000 per account anniversary year. - 5X points on Lyft rides through September 30, 2027. - 1:1 transfers to 14 airline and hotel partners; World of Hyatt moves to a 4:3 ratio starting October 1, 2026. - Cell phone protection up to $1,000 per claim with a $100 deductible and primary rental car coverage up to $60,000. - Complimentary DashPass for at least 12 months plus $10 off one non-restaurant DoorDash order per month through 2027. - No foreign transaction fees and free employee cards. - $95 annual fee is not waived the first year. - No bonus categories for dining or groceries.
Consider the Ink Business Preferred if:
- Your business spends heavily on travel, shipping, digital advertising, or telecom services. - You can comfortably spend $8,000 in 3 months to earn the welcome bonus. - You already hold or plan to hold a Chase Sapphire card to pool points and maximize transfer value. - You want primary rental car coverage for business rentals without paying for the rental company's CDW. - You pay a monthly cell phone bill large enough that $1,000-per-claim protection is meaningful. - You need free employee cards that earn at the full rate.
E-commerce businesses, digital marketers, and companies with regular travel expenses tend to extract the most value because these categories hit the 3X multiplier directly.
Skip the Ink Business Preferred if:
- Your business spending is concentrated in dining, groceries, or general office supplies without significant shipping or advertising spend. - You prefer simple cash back over transferable points and partner award bookings. - The $8,000 minimum spend in 3 months is a stretch for your business cash flow. - You exceed $150,000 annually in the 3X categories and would lose most of the bonus after the cap. - You do not have or want a Chase Sapphire card to unlock higher redemption value.
Businesses that want premium perks like airport lounge access or annual travel credits will not find them here.
Ultimate Rewards is Chase's transferable points program. With the Ink Business Preferred, you can transfer points to 14 airline and hotel partners, mostly at a 1:1 ratio. We value Ultimate Rewards at 1.8 cents per point for transferable redemptions, though actual value ranges from 1 cent for cash back to 2 or more cents for premium cabin or Hyatt awards.
Key mechanics:
- Transfers require a premium Chase card; the Ink Business Preferred qualifies on its own. - Points do not expire as long as the account remains open. - World of Hyatt transfers change to a 4:3 ratio starting October 1, 2026, reducing Hyatt value unless you transfer before then. - The Chase Travel Portal redemption floor varies by linked card, but transfers to partners usually beat it.
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$144
Annual Fee
-$95
Net Annual Value
+$49
Ink family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Chase Ink Business Cash | entry | $0 | |
| Chase Ink Business Unlimited | premium | $0 |
Product changes available between family members without a new credit inquiry.
Cash back redemptions return only 1 cent per point. Booking travel through the Chase Travel Portal can be worth up to 2 cents per point with the Chase Sapphire Reserve for Points Boost redemptions. Transferring points to airline or hotel partners can deliver even higher value, up to 7-10 cents per point.
The most efficient way to redeem Chase points is to transfer them to travel partners. Transfers deliver outsized value, often well more than 2 cents per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long-term value and flexibility.
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee.
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. The premium cards from both reward systems offer access to the most lounges.
Johnny Africa's 2026 review providing current insights on rewards earning, bonus categories, and annual fee justification.
One Mile at a Time's in-depth review covering rewards earning, statement credits, transfer partners, and best use cases.
Comprehensive review by Nick Ewen covering earn rates, benefits, and ideal cardholder profiles for the Chase Ink Business Preferred.
Upgraded Points' comparison guide highlighting differences between the Preferred and Cash variants to help choose the right card.
Bankrate's evaluation of card benefits, fees, and suitability for different business types and spending patterns.
CNN Underscored's analysis of the card's value proposition and how it stacks up against other business credit card options.
Credit Karma's insights on rewards earning, benefits, and how the card fits into a business credit strategy.
Motley Fool's analysis of the card's rewards program, fees, and long-term value for business spending.
Forbes Advisor's review by Becky Pokora analyzing the card's rewards structure and value for business owners.
NerdWallet's detailed review by Kelsey Sheehy examining business rewards, fee structure, and comparison to competing business cards.
| Source | Verified | Citation |
|---|---|---|
| RewardsCC API | — | RewardsCC API |
| CardRatings | — | CardRatings |
| Chase | Chase: Apr | |
| Chase | Chase: Apr | |
| Chase | — | Chase |
| Chase | — | Chase |
| Chase | Chase: Multiple card facts | |
| Issuer Page | Issuer Page: Earn rates |
Get reimbursed for meals, hotel, and essentials when your common carrier travel is delayed 12+ hours or requires overnight stay
24/7 roadside assistance including jump-start, lockout, towing, and fuel delivery. Services charged as flat fee per call.
Extends the original U.S. manufacturer's warranty by 1 additional year on warranties of 3 years or less for total 4 years coverage.
Get coverage for damage or theft on eligible purchases made with your card within 120 days of purchase
Skip rental counter insurance with primary coverage for collision damage, theft, and loss-of-use charges on most rental vehicles worldwide.
Provides up to $500,000 in accidental death or dismemberment coverage when you pay for air, bus, train, or cruise travel.
Reimburses up to $5,000 per person for prepaid travel when your trip is cancelled or interrupted due to illness or severe weather.
Reimburses up to $100 per day for 5 days for essential purchases like toiletries and clothing when baggage delayed 6+ hours.
| 1:1 |
| instant |
| 79% |
| 1.35 cpp |
| 1:1 | instant | 79% | 1.25 cpp |
| 1:1 | instant | 79% | 1.2 cpp |
| 1:1 | instant | 73% | 1.25 cpp |
| 1:1 | instant | 67% | 1.4 cpp |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | instant | 103% | 1.65 cpp | |
| 1:1 | instant | 42% | 0.7 cpp | |
| 1:1 | instant | 36% | 0.6 cpp |
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
Air France Klm Flying Blue | 1:1 | instant | 79% | — |
The program rewards planning. If you will only redeem for cash back or statement credits, the points are worth just 1 cent each and this card loses much of its advantage.
The Ink Business Preferred is the only no-fee-adjacent Ink card that enables direct transfers to Chase travel partners. The Ink Business Cash and Ink Business Unlimited earn points that can be moved to the Preferred or a Sapphire card for transfer access.
Common pairings:
- Ink Business Cash: 5X on office supplies and internet/cable/phone on the first $25,000, plus 2X on gas and dining.
Move those points to the Preferred for 1:1 transfers.
- Ink Business Unlimited: 1.5X on everything. Pair with the Preferred for a simple, transferable base earner. - Chase Sapphire Reserve or Preferred: Pool points from the Ink Preferred to a Sapphire card for higher portal
redemption floors and broader transfer options.
The Ink Business Preferred also does not count against your personal 5/24 status, making it a useful way to keep earning Ultimate Rewards without limiting personal card applications.
The Ink Business Preferred makes sense if your business naturally spends in the 3X categories. At $150,000 in combined annual bonus spending, you earn 450,000 points per year, worth about $8,100 at 1.8 cents each. Against a $95 annual fee, that is a strong return even before counting the welcome bonus.
The math is less compelling if your business spending is mixed or low in the bonus categories. After the $150,000 cap, everything drops to 1X, so heavy spenders in these categories may outgrow the card. The $8,000 welcome bonus spend is also substantial; do not stretch your cash flow to hit it.
For our household, the Ink Business Preferred is a core business card because the shipping and advertising spend is real, and the points feed directly into the Chase Ultimate Rewards ecosystem. It is not a premium perks card, but it is one of the most efficient ways for a small business to earn transferable points at a low annual fee.
Merchants this card gives you a statement credit or membership at. Unlike the brands above, this isn't about earn rate — it's money the card hands back when you spend there.
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.
