Chase Ink Business Preferred Credit Card Review
It's such a shame more people don't know about travel rewards programs such as Chase Ink Business Preferred Credit Card.
Most people think it's too much trouble or they have to spend millions before they can go on a short holiday, this couldn't be further from the truth.
I've been all over the world thanks to Travel Rewards Credit Card and I've not had to spend irresponsibly or excessively.
If you find the idea of travelling the world appealing and have a business or are thinking of starting a new business then read on. I will show you how you can generate $1,600 in travel money just by spending money on your business.
Chase Ink Business Preferred Credit Card Highlights
There's a lot to like about the Chase Ink Business Preferred Credit Card because it's crammed full of goodies, it sets a very high benchmark when it comes to travel rewards because it comes with so many benefits.
By following this guide and some of the simple strategies here you could go off on a nice holiday this year for free. Before I reveal the strategies I wanted to go through the highlights of this excellent travel rewards credit card, your mind will be blown.
Highlight 1: Use the Chase Ink Business Preferred Credit Card and spend $5,000 in the first 3 months and you'll receive a 80,000 air mile points bonus which is equivalent to $800 in travel money. You can boost these points by 25%, all you have to do is redeem the travel money through Chase Ultimate Rewards.
By going a step further and transferring through partner airline programs you could boost your 80,000 points to 160,000 which is worth $1,600 in travel money. This is one of the highest boosts I have seen helping your travel farther.
Highlight 2: As I mentioned earlier, the Chase Ink Business Preferred Credit Card is designed for business needs. You can earn a whopping 3 points for every $1 spent on travel and select business categories.
The Chase Ink Business Preferred Credit Card is particularly beneficial when you're starting up your business. You can charge most of the start-up costs to the Chase Ink and earn massive rewards.
Highlight 3: The rewards don't stop with travel and business expenses. With the Chase Ink Business Preferred Credit Card you can earn another 1 point for every $1 you spend on anything else.
Highlight 4: When it comes to redeeming your points you can boost the Chase Ink Business Preferred Credit Card points by 25%. All you have to do is redeem your points through Chase Ultimate Rewards and $800 will become $1000. That's just nuts!
Highlight 5: You might be forgiven for thinking Chase Ultimate Rewards are expensive, this couldn't be further from the truth. You can redeem points for travel, cash back, gift cards, travel expenses and everything is competitively priced.
Highlight 6: Business can take you to far flung destinations, you can earn rewards on your travel and to top it all up there is no foreign transaction fee to bog you down. Unfortunately there is a annual fee of $95 but come on, the benefits more than offset the costs. I have a feeling Chase will up their Annual Fee soon so hurry and take advantage.
Highlight 7: The benefits of the Chase Ink Business Preferred Credit Card don't stop there. You can also enjoy the following benefits.
1. Cellphone Protection
2. Trip Cancellation/Interruption Insurance
3. Trip Delay Reimbursement
4. Primary Car Rental Coverage
5. Purchase Protection
6. Extended Warranty Protection
The benefits provided by the Chase Ink Business Preferred Credit Card makes it one of the best travel reward cards for business.
You can make a killing in terms of air miles, you will be able to fly somewhere in the first year and have a very nice holiday with the points collected guaranteed.
Chase Ink Business Preferred Credit Card FICO Score
We've established that the Chase Ink Business Preferred Credit Card is a brilliant card with exceptional highlights and benefits which are actually useful. The niggling $95 annual fee is annoying but not high enough to put me off.
The Chase Ink Business Preferred Credit Card is a very sought after card and you must have Good/Excellent credit to apply for this.
You will need a FICO score of 720 or more to apply for this travel rewards credit card. I always say play it safe and aim for a FICO credit score of 750 when you apply for the Chase Ink Business.
You should also get a copy of your credit report. Go through the report thoroughly and fix any errors that show. If you see any nasty adverse data or fraud markers you should dispute this strongly and have it removed quickly otherwise Chase will decline your application.
Finally, try to aim for a low credit utilization ratio of 30% or less and don't make too many credit inquiries leading up to the application for the Chase Ink Business Preferred Credit Card, 6 months should be fine.
I know a lot of people will fall short of the required credit score. Don't worry, I was in the same boat, it's annoying but that's life.
It took me 9 months to increase my FICO credit score and clean up my credit file, it is possible. Be patient and give yourself time and put in the hard miles, once you get the card you can sit back and enjoy the incredible rewards.
Maximizing Chase Ink Business Preferred Credit Card Rewards
We all agree that the Chase Ink Business Preferred Credit Card is one of the best travel reward cards ever, no one in their right mind will dispute that because it's crammed full of benefits.
What you should be thinking about now is how to squeeze every ounce of reward from the Chase Ink Business Preferred Credit Card by maximizing all the benefits of the card.
There are savvy travel reward experts who have travelled mind-boggling distances by maximizing the rewards, you can do this too.
There are inspirational contributors on Reddit, NerdWallet.com and ThePointsGuy.com who have absolutely rinsed the benefits and you can do this to.
Here are some of the main strategies I have found for the Chase Ink Business Preferred Credit Card, try a few strategies to get your head around the process.
In no time at all you'll start thinking like these experts and going on holiday every year will become normal, I kid you NOT!
Strategy 1: I always bang on about this but with good reason. Always plan how you will spend your money in the first 3 months before you are ready to apply for this card.
So many people get excited by the concept of air mile rewards and the bonus on offer and apply prematurely, they are unable to reach the required threshold of spending to receive the bonus.
Just stop for a moment and work out your expenses for the next 3 months and make sure you are able to spend $5000 in the first 3 months.
Once you've established you can reach the required spending threshold you can go ahead and apply.
If you have a significant other who has a business you can earn even more points by referring them, they will also receive a bonus if they reach the required $5000 spending threshold in 3 months.
Suppose you and your partner take advantage of the introductory bonus and the referral bonus you will collect the following points
You - 80,000
You Referral - 20,000
Partner - 80,000
Total 180,000 = $1800 in travel money.
Strategy 2: The Chase Ink Business Preferred Credit Card has a very lucrative referral program. You and your partner can refer 5 people a year and receive 20,000 points for each referral. Potentially you can earn 100,000 points each!
It isn't hard to refer people to the brilliant Chase Ink Business Preferred Credit Card, this credit card will speak for itself and needs little marketing. Just share it on LinkedIn.com, Facebook.com, Instagram.com. You can also talk it up and send emails to friends and family with your referral link.
It is entirely possible to refer 5 people a year. I was able to do it with my wife and we collected a cool 200,000 points in total.
Carrying on from the example above, suppose you refer 10 people in total you will collect the following air miles.
Previous Total = 180,000
You Referral Bonus = 80,000
Partner Referral Bonus = 100,000
Total so far = 360,000
Strategy 3: When it comes to redeeming the points from the Chase Ink Business Preferred Credit Card you have 2 choices.
You can use the Chase Ultimate Rewards which will boost your air miles by 25% or you can use some of the air mile transfer partner loyalty programs which can double the points.
Admittedly, the second option is more labour intensive but it is definitely worth the trouble because you've doubled your travel money.
Suppose you use chase Ultimate Rewards to redeem your points your 360,000 points will boost to 450,000 which is equivalent to $4,500 in total.
By taking the second option and transferring through travel partners you can double your points to 720,000 which is equivalent to $7,200 in travel money.
When we analyse the strategies we see that the total outlay was $10,000 in spending for the first 3 months and we ended up with a minimum of $7,200 in travel money.
These strategies are very simple and you could end up with a very nice holiday under your belt. I have used these strategies, travel experts use these strategies all the time and you can do it too. It looks daunting but just follow through, that dream holiday is just round the corner.
Chase Ink Business Preferred Credit Card Final Thoughts
The Chase Ink Business Preferred Credit Card is a brilliant card, I can't stop praising it because it's crammed full of benefits and well worth the $95 annual fee which is minuscule compared to the benefits on offer.
The Chase Ink Business Preferred Credit Card is particularly suited for business start-ups so you can take advantage of the introductory offer. The introductory bonus is out of this world and Chase Ultimate Rewards offer a 25% boost on the air miles collected. You can also put in some hard miles by transferring to partner airlines to double your air mile points.
There is a lot to like about the Chase Ink Business Preferred Credit Card, I was able to go on a very nice holiday with my family thanks to Chase, you can do this too because of the outstanding rewards on offer.
Chase Ink Business Preferred Credit Card FAQ
The Chase Ink Business Preferred Credit Card is a highly sought after card, business owners who love travel swear by it. I get a lot of questions about this card so I thought I would prepare answers for 10 frequently asked questions.
Feel free to contact me if you have any questions about the brilliant Chase Ink Business Preferred Credit Card.
What credit score do you need for a Chase Ink Business Preferred card?
You need a FICO score of 720+ to apply for the Chase Ink Business Preferred Credit Card. You should also go through your credit report to fix any errors and dispute negative markers.
Keep credit utilization under 30% and don't make any credit inquiry 6 months leading up to the application. Have a credit history of 3 years and more will definitely help.
Is Chase Ink business preferred credit card metal?
Unfortunately, the Chase Ink Business Preferred does not come in a metal format. The Chase Sapphire Preferred Credit Card does come in metal with gorgeous blue finish and is made with 75% recycled material.
Is it hard to get approved for a Chase Ink Preferred credit card?
You will need a FICO credit score of 720+ to apply for the Chase Ink Preferred Credit Card making it relatively hard to get approved for.
Which Chase business card is best?
The Chase Ink Business Preferred Credit Card is currently the best choice as a business card. The card is is accepted in more than 100 countries making it an ideal companion for business travel.
You will also receive 80,000 points from the introductory offer making it one of the best travel reward cards ever for business.
How long does it take to get approved for a business Chase credit card?
The Chase Ink Business Preferred Credit Card approves instantly, if your application is referred it may take up to 7 working days to check for slight differences on your application compared to your credit report.
It may even take up to 30 days, which means there is adverse fraudulent entries on your credit report. Like I always say, get a copy of your credit report and go through it thoroughly before you make this application.
Does Chase approve instantly?
Chase does approve and decline instantly, if you are referred it could take up to 7 working days for a decision, ultimately, it could take up to 30 days for a decision if the application is referred to an underwriter, usually there is some sort of negative data on your credit report for this to happen.
Can you use Chase credit card before it arrives?
Although the Chase Ink Business Preferred Credit Card approves instantly, you will not be given credit card numbers online. You will have to wait for the Chase Ink Business Preferred Credit Card to come in the post and that usually takes 5 to 7 working days, you could call and ask them to courier it for same day deliver.
Does Chase Ink Business Preferred Credit Card offer cellphone protection?
The Chase Ink Business offers cellphone protection as long as you pay your cellphone monthly bills using the Chase Ink Business card. You and your employees will receive up to $600 per claim for damage and theft. You are limited to 3 claims and there is a $100 deductible.
Does Chase Ink Business Preferred Credit Card offer Trip Cancellation/Interruption Insurance?
The Chase Ink Business Preferred offers Trip cancellation/Interruption Insurance when you use the card to book the trip. If your trip is cut short due to illness of weather you will be covered and you're eligible for $5,000 coverage for prepaid non refundable travel expenses.
What are the additional benefits of the Chase Ink Business Preferred Credit Card?
You are eligible for trip delay reimbursement, primary car rental coverage, purchase protection and extended warranty.