The Ink Business Preferred Credit Card is a compelling choice for small business owners looking for a credit card. In addition, it provides rich rewards in several interesting categories for enterprises. During each account anniversary, the first $150,000 spent on travel and select business categories will earn you 3 points per dollar, while all other expenditures will only earn you 1 point per dollar. You'll get 3 points for every dollar spent on the following Paid advertising on social media and online directories.

In a typical business, you may expect to spend money on at least some of the items listed above. This is one of the best credit card options for consumers who spend less than $150,000 annually on these items.

The generous bonus only enhances the card's appeal: After spending $15,000 in the first three months of your account opening, you will receive 100,000 bonus points. Chase Ultimate Rewards® are the reward currency for the Ink Business Preferred, which may be redeemed in various ways. A statement credit, gift cards, products or trips can all be exchanged for your points. Alternatively, you can exchange your Ink Business Preferred card points for a 1:1 credit at one of the participating travel partners.

Ink Business Preferred Card

This card is topped off with a little more scrumptiousness: When you pay with the Ink Business Preferred Card, you'll get cell phone protection, as well as travel bonuses, including primary car rental insurance and trip cancellation and trip interruption insurance, and extended warranty and purchase protections.

No credit card is flawless, and the Ink Business Preferred is no exception. The $95 yearly cost may not be worth it for a business with few expenses that may be charged to a credit card. And a corporation that exceeds the $150,000 bonus rewards maximum or doesn't spend much in the enhanced reward categories may be better served by a flat-rate rewards card.

Earning Rewards

Reward points are earned at the following rates for Ink Business Preferred Credit Card holders: Every dollar you spend on travel, shipping, Internet, cable, and phone services, as well as advertising on social media and search engines, earns you three Ultimate Rewards points. This offer is valid for the first $150,000 in total purchases per account anniversary year. On all other purchases, you'll get 1 point for every dollar.

Receipting Points

Ink Business Preferred card rewards can be redeemed in various ways with Chase Ultimate Rewards. On Amazon and other participating stores, your points are only worth 0.8 cents apiece when they are redeemed using Pay with Points. You can, however, redeem your points. In return, you'll get your money back (as a deposit into most U.S. checking or savings account)

• Statements of credit
• Cards as a form of payment
• Choose goods.

For qualified travel booked through Chase Ultimate Rewards, you can redeem your points at a value of 1.25 cents each. All or portion of your vacation can be paid for using points, and the remaining balance is charged to your credit card. You can also transfer points in 1,000-point increments to a travel partner at a 1:1 value, which might result in a value of over 1.25 cents per point depending on the redemption.

Points never expire as long as your account is active, and no minimum redemption value is required. In addition, you can transfer your Ultimate Rewards points to another household member or combine them with your other Ultimate Rewards-earning credit cards.

There are two ways to redeem your Chase Ultimate Rewards points: by logging into your account and selecting "Ultimate Rewards," or by calling the customer service number.

Potential Payouts

We examined how much a lone proprietor or small firm may spend in the bonus areas to understand the card's rewards potential. Annual costs and spending averages across different categories are calculated by Forbes Advisor using data provided by several different government entities

A small business with the following spending scenarios can expect the following rewards based on the data:

Using the bonus categories on an Ultimate Rewards business card and spending a total of $6311, the Business will earn 18,933 Ultimate Rewards points in travel, shipping, advertising, and internet, cable, and phone services. For a total of 44,694 Chase Ultimate Rewards points, spending a further $25,761 on miscellaneous items at one point each would yield an additional 25,761 points.

You'll get a bonus of 100,000 bonus points if you spend $15,000 in the first three months after opening your account. That's more than enough to make your yearly price worthwhile.