Chase
Ink Business Preferred Credit Card
Earn 100,000 bonus points and 3X points on key business categories like shipping, advertising, travel, and utilities. Includes complimentary DashPass membership. $95 annual fee.
Annual fee
$95
Top rate
5x flights
Welcome bonus
$1,000
Quick look
Business Rewards Powerhouse
3X points on shipping, ads, travel, and utilities
3.8
out of 5
Rewards
Fees
Welcome bonus
Perks
Value
Overall score is a weighted average: Rewards 20% · Fees 20% · Welcome bonus 20% · Perks 20% · Value 20%.
Ideal for
Small-business owners with predictable spending in travel, advertising, shipping, or internet/utilities, and the ability to pay balances in full each month.
The verdict
The Ink Business Preferred is solid for small-business owners who spend consistently in its bonus categories—travel, advertising, shipping—but it's not a category leader across the board. The 100,000-point sign-up bonus ($1,000 value) more than covers the $95 annual fee, and the temporary 5X Lyft rate is genuinely useful while it lasts.
Where the card stumbles is its middling performance on standard business spending—3X isn't competitive when hotel specialists earn 26X—and the $150,000 annual cap on bonus-rate purchases, which catches larger businesses. This card rewards focused spending more than broad earning. If your business clusters its expenses into travel, advertising, and shipping, it's competitive. If you're a generalist spender, you'll find better options.
Pros
- 100,000-point sign-up bonus covers the annual fee and then some
- Temporary 5X on Lyft (through Sept 2027) is excellent for on-demand travel
- Solid 3X rewards on frequent business expenses: flights, hotels, shipping, and advertising
- No foreign transaction fees on international business purchases
Cons
- $95 annual fee is an ongoing cost after the first year
- 3X rewards capped at $150,000 in combined purchases per year
- Weak 1X baseline on non-category spending
- No introductory APR offer for business owners needing financing
Reward rates
| Category | Rate | Details |
|---|---|---|
| Flights | 5x | 5X points on Lyft rides through 09/30/2027; 3X points on other flight purchases |
| Hotels & car rentals | 3x | 3X points per $1 on hotels and travel |
| Online shopping | 3x | 3X points per $1 on internet, cable, and phone services |
| Everything else | 1x | 1X points per $1 on all other purchases |
You'll earn 3X on travel, hotels, shipping, advertising, and internet/cable/phone services up to $150,000 combined per year, then 1X on everything else. The temporary 5X Lyft promotion is a nice bonus while it lasts, but don't count on it past September 2027. The $150,000 cap means larger-spending businesses may hit the ceiling and drop back to 1X partway through the year.
Fees and APR
Does it pay for itself?
The $95 fee is standard for cards in this tier and the 100,000-point sign-up bonus ($1,000 value) easily covers it in year one. For ongoing value, you need roughly $9,500 in annual bonus-category spending (at 3X points, redeemed at 1 cent each) to break even. Most business owners using this card for its intended categories cross that threshold.
Welcome bonus
Is it worth chasing?
The 100,000 points are worth about $1,000 when redeemed for gift cards, travel, or cash. The $8,000 spend requirement over three months is moderate—roughly $2,667 monthly—and achievable for most businesses. This bonus alone justifies getting the card, since it pays the first year's fee and then some.
Similar cards
Personal version with stronger flat 5X on travel and no category cap, but requires personal credit and lacks business-specific perks
Higher $150 fee but airline-specific 5X rewards; only better if you're a committed United flyer and the extra miles justify the cost
Frequently asked questions
Is the $95 annual fee worth it?
Yes, if you hit the $150,000 bonus category threshold or keep a balance on the card. The sign-up bonus covers year one entirely. Beyond that, you need roughly $9,500 in annual bonus-category spending to break even on the fee.
What's the catch with the $150,000 rewards cap?
Once you've spent $150,000 combined across travel, shipping, advertising, and internet/utilities in a single account anniversary year, those categories drop to 1X. If your business spends heavily in these areas, you'll hit the cap and stop earning the bonus rate for the rest of that year.
Is the 5X Lyft bonus permanent?
No. The 5X promotion ends September 30, 2027. After that, Lyft rides earn 3X like other travel purchases. Don't plan your card strategy around this temporary benefit.
How does this compare to the regular Sapphire Preferred?
The Sapphire Preferred is for personal spending with a higher flat 5X on travel and no rewards cap. This card is designed for business owners with predictable category spending. If your business doesn't cluster into advertising or shipping, the personal Sapphire might earn more.
What perks does this card actually come with?
The card includes complimentary DashPass membership, trip cancellation and interruption insurance, extended warranty protection, and purchase protection. Some references mention roadside assistance and auto rental coverage, though these aren't officially documented on the card's fact sheet, so verify with Chase directly.
Reviewed by YoungerFinance Editorial · Last updated August 11, 2026