How to maximize your rewards earning with the Ink Business Preferred

31.05.2024 - 16:35 / thepointsguy.com

The Ink Business Preferred® Credit Card offers the largest sign-up bonus of any credit card that earns Ultimate Rewards points, often by a large margin. That makes it one of the most enticing travel credit cards on the market.

New cardholders can earn 100,000 Chase Ultimate Rewards points after spending $8,000 on purchases within three months of account opening. That's worth $2,050 in travel, per TPG valuations (and a lot more if you know how to redeem Chase Ultimate Rewards for maximum value).

The card also offers outstanding everyday earning rates thanks to a multitude of bonus categories. Let's look at the best times to swipe your Ink Business Preferred to save money and earn points.

Related: Do I need a business to get a business credit card?

Geared toward small businesses, here are the key benefits of the Ink Business Preferred:

Related: Getting started with points, miles and credit cards to travel

The Ink Business Preferred can be rewarding to high-spending small-business owners. There are three types of purchases for which the Ink Business Preferred is a fantastic option.

You'll earn 3 points per dollar when purchasing airfare (a roughly 6% return, per TPG valuations). Considering the comprehensive travel insurance that comes with the Ink Business Preferred, there aren't many better cards to use when reserving flights.

Aside from the strong earning rate, If your trip is delayed by 12 hours or more, or if your flight delay results in you staying overnight, you're eligible for up to $500 in reimbursement per ticket for reasonable expenses. That includes things like a hotel stay, meals and transportation.

Plus, you'll receive baggage delay insurance, wherein Chase will reimburse you for "reasonable expenses" when your bags are delayed by more than six hours. You'll receive $100 daily (for up to five days) for essentials like toiletries, clothing and electronics chargers.

The Ink Business Preferred earns 3 points per dollar on rental cars — another effective 6% return.

Depending on the nature of your small business (or lifestyle in general), this expense might not contribute to a meaningful amount of your spending. But it's still one of the best cards for reserving a rental car because of the primary coverage you'll receive when reserving for business purposes. When you waive the rental agency's in-house CDW, the Ink Business Preferred will cover you for theft and damage up to the cash value of the rental car.

The insurance offered by the rental agency can cost $15 or more per day, so being covered by your credit card is a great benefit.

You'll earn 3 points per dollar on cable and phone services, which includes your monthly phone bill. Again, this expense alone probably won't earn you enough