The Ink Business Preferred Credit is a remarkable credit option for owners of small businesses since it offers a big welcome bonus, a large variety of additional reward categories, and flexible redemption choices. This makes it an attractive choice for small business owners. If you currently have an Ink Business Preferred Credit Card or are thinking about applying for one, the information in the following section will assist you in making the most of the benefits that come with using the card.
‘ Chase Ink Business Preferred Basics
The Chase Ink Business Preferred Credit Card’s features and benefits are outlined below.
‘Rewards of Redeeming
Redeeming rewards with The Ink Business Preferred is easy and affordable. Credit card holders can redeem their points for a range of items, such as travel, cash back, gift cards, and even Apple devices. Each point is worth 1.25 cents when you use your points to book travel through Chase Ultimate points, giving you a 25% bonus.
The option to transfer your credits to any one of Chase’s 13 hotel and airline partners is a unique benefit that the company offers. You are giving yourself the opportunity to trade in your miles for something that might be more valuable if you carry out this action.
Getting Rewards
A tempting sign-up bonus of one hundred thousand points is provided by The Ink Business Preferred to new customers who make purchases totaling eight thousand dollars within the first three months after starting an account with the company. By providing such a significant incentive, businesses are strongly motivated to start reaping the considerable benefits almost immediately.
Additionally, the card offers a continuing rewards program where you may earn three points for every dollar you spend on travel and specific business expenses, up to one lac fifty thousand dollars in each account anniversary year. For each dollar spent on other purchases, you will also receive one point. Earning points for your company will be simple and quick thanks to the tiered awards system.
Card Benefits
The card also offers additional insurance protections, including
- Protection for Cell Phones
- Insurance for Trip Interruption and Cancellation
- Prolonged Warranty Protection
- Vehicle Collision Damage Insurance
- Highway Returning
- Purchasing Insurance
Ways to Maximize the Ink Business Preferred Card
By properly using the Ink Business Preferred Credit Card, you can potentially maximize the value of your points. Here are some ideas for maximizing the benefits you get.
Benefits of Flights
Choosing a few options may be necessary while organizing a work trip. If you don’t have enough points, you can still earn three points for every dollar you spend browsing different airlines on the Ultimate Rewards website.
If you have enough points, you can use the Ultimate Rewards website to book your flight and get 1.25 cents back for each point you use. For instance, eighty thousand points would be sufficient for a thousand dollar trip, as opposed to the one lac points or miles needed by the majority of other general travel rewards programs. You can even use them for a portion of your purchase if you don’t have enough for the entire trip.
Hotel Stays
Similar to booking airline tickets, using your Ink Business Preferred card to reserve a hotel room will result in three points for every dollar spent, or 1.25 cents per point when using Chase to redeem rewards.
Depending on the specifics of your trip, you might be able to transfer your points to a hotel partner and receive a better deal. For hotel stays, the World of Hyatt program offers points worth about two cents apiece.
Additional Travel Options
When making other reservations through Chase, you can earn 1.25 cents per point; however, Chase only allows transfers to specific hotel and airline loyalty programs. Choices consist of:
- Voyages
- Experiences
- Car Rentals
- Retreats and upscale lodging
Keep in mind that you have trustworthy insurance to safeguard you on your vacation. You won’t have to pay extra for the CDW offered by the rental car agency if you’re borrowing a vehicle for business purposes. But even if you have a personal policy to safeguard you, getting liability insurance is smart.
Furthermore, if you need to cancel or postpone your trip because of a covered reason, you can be qualified for reimbursement for paid, non-refundable travel expenses up to five thousand dollars per person.
Use Both Your Card and the Chase Sapphire Reserve Card
The Ink Business Preferred credit card should be used in conjunction with the Chase Sapphire Reserve credit card, which offers 1.5 cents per point on travel redemptions made through the Ultimate Rewards program, to get the most out of your trip redemptions.
Chase makes the Sapphire Reserve to Ink Business Preferred Credit Card point transfer process simple. A three hundred dollar annual travel credit, access to airport lounges, and a credit for the cost of TSA PreCheck, NEXUS, or Global Entry application fees are just a few of the opulent travel benefits available with The Reserve. These benefits make your journey more enjoyable.
Make a Phone Payment
When you pay your phone bill with your Ink Business Preferred Credit Card, you’ll get cell phone insurance in addition to 3 points for every dollar you spend. You can obtain up to one thousand dollars in coverage for your phone’s loss or damage with a hundred dollars deductible for each claim. Each calendar year, only three claims are permitted.
Conclusion
The Ink Business Preferred Credit Card offers excellent value thanks to its adaptable rewards scheme and insurance features. Before you use the card, consider your purchasing habits and travel goals to make the most of its advantages.
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