Getinkpreferred.com – Preapproved Chase Business Card Offer

April 1, 2020

By Martin Norris

Chase Ink Business Preferred is the travel card version of the classic Chase Ink credit card. With this card, you earn more reward points on travel-type expenses up to a certain limit. However, the downside is that this is the only Chase Ink Business credit card that comes with an annual fee.

For some, the Chase Ink Business Preferred will be the best version of the Chase Ink to have on hand. This is true for frequent travelers, but there are a few other “select” categories included that can help make up the difference. For more information about these reward exceptions and the other perks of the Chase Ink Business Preferred credit card, read the full review below.

Who is the getinkpreferred.com Invitation for?

The Chase Ink Business Preferred credit card is marketed toward those with a lot of business travel expenses. You may also come across it if you're interested in the Chase Ink group of business credit cards. For now, this group has three cards to choose from. Of these, the Chase Ink Business Preferred has the highest APR balanced with the highest steady rewards rate.

In practice, this card is for any business owner that has significant expenses in travel, shipping, online advertising, or telecom services. Today, this card covers a lot of ground. However, this card's bonus rate begins to become less valuable if the expenses you plan to place on this card exceed $300,000 due to the rewards cap. Still, for expenses over $150,000 and under $300,000 you should get $1,000 to $2,000 more back in rewards points compared to any other Chase Ink Business card. With the right redemption offers, these points could be worth triple that amount.

The interest rate for the Chase Ink Business Preferred card is a variable rate. This means you could be assigned an interest rate, based on your creditworthiness or that of your business, between 12.74% and 17.74% for purchases, balance transfers, and My Chase Loans. To this, the prime rate is added to create the total APR. The prime rate is typically around 4 to 5% and changes every few months.

Cash Advances if you don’t see it on the getinkpreferred.com letter, have a higher APR rate for all Chase Ink Business Preferred customers at 21.74% plus the prime rate. Beyond this, there is penalty APR which Chase Ink refers to as “Default” APR. The rate for this penalty APR is up to 26.99% plus the prime rate, but like all APR on this card, it won't exceed 29.99%. The penalty rate kicks in if you miss a payment or a payment is returned. It may persist indefinitely but typically only remains until you have made a certain number of consecutive, on-time payments.

Credit Limits for getinkpreferred.com Chase Applicants

The credit limit for the Chase Ink Business Preferred credit card is generous to start and gets better from there. Good business credit cards have high limits in general. The Chase Ink Business Preferred card starts with a minimum credit limit of $5,000. This is likely to go up to $25,000 fairly quickly. After you reach a credit limit of $25,000, Chase is likely to request some additional specifics about your business before increasing your limit further.

It's important to note, however, that as a business credit card all expenses charged to this card must be directly related to business. An additional benefit to this is that if your Chase Ink Business Preferred account has several authorized users, each of these sub-accounts can have different total spending or credit limits stemming from the main account.

Fees

  • Annual Fee – The annual fee for the Chase Ink Business Preferred is $95. This is the same flat rate for everyone, regardless of creditworthiness. This fee
  • Cash Advance Fee – The cash advance fee for the Chase Ink Business Preferred credit card is the greater of $15 or 5% of the total of each cash advance.
  • Foreign Transaction Fee – There is no foreign transaction fee for the Chase Ink Business Preferred.
  • Late Payment Fee – The late payment fee for the Chase Ink Business Preferred is a flat $39.
  • Return Payment Fee -  The return payment fee for the Chase Ink Business Preferred is a flat $39.
  • Authorized User Fees – There is no authorized user fee for the Chase Ink Business Preferred.
  • Balance Transfer Fee – The balance transfer fee for the Chase Ink Business Preferred card is the greater of $5 or 5% of the total balance transfer. For most, balance transfers are capped at $15,000 even if you have a higher credit line.

Lucrative Rewards for Pre-Approved Getinkpreferred.com Accounts

The benefits and reward programs that go with the Chase Ink Business Preferred are robust. At it's most basic, the Chase Ink Business Preferred card earns 1x points on all purchases and 3x points in specific categories including shipping and travel expenses. However, this bonus rate only applies to the first $150,000 you might spend in all qualifying categories combined.

These points are worth about 1% back in general. If you use them to purchase travel rewards through Chase, you could be looking at a 25% greater return per point.

The Chase Ink Business Preferred card comes with bonus points as an introductory offer. The 100,000 bonus points are worth about $1200 when redeemed for travel, less is redeemed for cash, credits, or gift cards.

Pros – Advantages of the Chase Ink Business Preferred Credit Card

The advantages of having the Chase Ink Business Preferred credit card aren't limited to the rewards program.

  • Multiple Cards, Separate Spending – For no additional fee, Chase Ink cards can add additional users that have caps put on how much they can spend.
  • Upgraded Rental Rewards Through Avis – If you're part of the Avis rewards program and already renting enough to earn free days and other perks, this card can help you get twice as much out of these benefits.
  • Additional Protections – From cell-phone theft and damage protections to trip cancellation insurance and auto rental collision damage waivers, the Chase Ink Business Preferred offers a lot of expense-saving benefits for businesses.

Cons – Disadvantages of the Chase Ink Business Preferred Credit Card

The Chase Ink Business Preferred credit card, while helpful for many businesses, has three important drawbacks for businesses that it's not right for.

  • Annual Fee – The $95 annual fee can seem like a lot for a business that's not quite ready for a card of this type.
  • Limit on Additional Cash Back – there is a cap at $150,000 worth of qualifying purchases for the point bonus.
  • Specific Bonus Point Categories – The places where it's possible to earn 1.5x more points than other Chase Ink cards are limited in scope. Be sure they apply to your business.

The Chase Ink Business Preferred credit card is a great choice for qualifying small to mid-sized businesses that travel a lot, ship products, or sell online. However, if your business doesn't incur expenses in any of those categories, this is unlikely to be the best choice when it comes to maximizing your business rewards.

For most, however, the Chase Ink Business Preferred is the best choice of the Chase Ink credit cards. It may come with an annual fee and slightly higher APR, but the ability to earn 1.5% more per dollar on up to $150,000 in qualifying expenses more than makes up the difference if you don't usually carry a balance.


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