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On Monday I applied for the Ink Business Preferred℠ Credit Card, which is the card that I wanted more than any other. While I haven’t received the card in the mail yet, I already see it listed in my online account, so I’m thrilled to see that I was approved.

In this post I wanted to share the five primary motivating factors I had for getting this card, in no particular order:

The best welcome bonus of any credit card

The Ink Business Preferred Card offers a welcome bonus of 80,000 Ultimate Rewards points after spending $5,000 on purchases within the first three months.

Personally I value Ultimate Rewards points at ~1.7 cents each, so to me that welcome bonus is worth ~$1,360. That’s the single most generous welcome bonus being offered by any credit card, in my opinion.


80,000 points is more than enough for three nights at the Park Hyatt Maldives

Very generous bonus categories

The Ink Business Preferred Card is a card that I’ll be holding onto long term for the return on spend that it offers. The card offers triple points in the following categories:

  • Travel
  • Shipping purchases
  • Internet, cable and phone services
  • Advertising purchases made with social media sites and search engines

You earn those triple points on the first $150,000 spent in combined purchases in the above categories each account anniversary year.

Since I value Ultimate Rewards points at ~1.7 cents each, that’s like earning a return of ~5.1% on spend in those categories, which is phenomenal.

This card only has a $95 annual fee, so when you consider the value of earning triple points in that many categories with the card, you really should get outsized value pretty quickly.


Earn triple points on travel purchases, including flights

A cell phone protection plan

One of the unique benefits of the Ink Business Preferred Card is that it offers a cell phone protection plan.

With this benefit, those with the Ink Business Preferred can get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill.

In order to take advantage of this you need to pay your cell phone bill using the card, and you’re limited to three claims in a 12 month period, with a $100 deductible per claim.

Currently I put my cell phone bill on the Ink Business Cash℠ Credit Card, which offers 5x points on those purchases. I think it’s worth forgoing 2x points per dollar for this great coverage, especially given how expensive cell phones are nowadays, and how easily they break.

Applying doesn’t count as a further card towards 5/24

I’ve spent the past several months trying to get under Chase’s 5/24 limit, whereby they typically won’t approve you for a card if you’ve opened five or more new card accounts in the past 24 months. There are some exceptions to this rule, but you do need to be under the limit in order to be approved for the Ink Business Preferred Card.

However, the good news is that if you’re approved for the card, it doesn’t count as a further card towards the limit. For example, I was “at” 4/24 earlier this week, I applied for the Ink Business Preferred Card, and I’m still “at” 4/24. This means I’ll be able to apply for the Ink Business UnlimitedSM Credit Card next month. That’s because while Chase business cards are subjected to the rule, applying for a Chase business card doesn’t count as a further card towards that limit.

A card that gives you access to Ultimate Rewards

One of the great things about Chase Ultimate Rewards is the card ecosystem you can create.

Now I have the Chase Sapphire Reserve® Card and Ink Business Preferred Card, both of which directly earn Ultimate Rewards points.

What makes Ultimate Rewards so special is that there are some no annual fee cards that accrue points that can be converted into Ultimate Rewards points in conjunction with one of the above cards. For example, I also have the following no annual fee cards:

I would say the Ink Business Preferred Card is one of the best cards you can hold onto to unlock the value of Ultimate Rewards, should I ever be in a position where I don’t think the Sapphire Reserve is worth it anymore (I don’t think that will ever be the case, but you never know).


You can really maximize your points with multiple cards

Bottom line

The Ink Business Preferred Card is a phenomenal card that I’m thrilled to finally have. Between the biggest welcome bonus of any card out there, the 3x points categories, and the cell phone protection plan, this is a one-of-a-kind business credit card.

One Mile at a Time

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