The best Chase Ink benefits are a bonus of 100,000 points for spending $15,000 in the first 3 months, up to 5% cash back on purchases, and free employee cards. Other top Chase Ink benefits include referral bonuses, purchase protection, extended warranties on purchases, and travel insurance coverage.
There are four Chase Ink Business cards, three of which are available to new applicants: Ink Business Preferred, Ink Business Cash and Ink Business Unlimited. The fourth— Ink Business Plus – isn’t offered anymore. But all benefits still apply to current cardholders. Some Chase Ink benefits are available on all cards, while others are limited to one, like Ink Business Preferred’s $0 foreign transaction fee.
Best Chase Ink Card Benefits:
Bonus Rewards: Ink Business Preferred offers 100,000 points for spending $15,000 in the first 3 months. This bonus is worth $1,250 toward travel through Chase Ultimate Rewards. The Ink Business Cash and Business Unlimited cards offer $750 cash back for spending $7,500 in the first 3 months. Ink Business cards also give up to 5% back on some purchases, depending on the card.
Purchase Protection: Covers eligible purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Applies to all cards.
Extended Warranty: Matches an item’s original warranty up to one extra year on all eligible warranties of three years or less. Covers up to a maximum $10,000 per claim and $50,000 per account. Applies to all cards.
Car Rental Collision Damage Waiver: Coverage up to the cash value of the vehicle for theft and collision damage. Must decline the rental agency’s collision insurance and charge the entire rental to the Ink Business card. Applies to all cards.
Travel Cancellation/Interruption Insurance: Provides coverage if a trip is cancelled or cut short by sickness or severe weather. Reimbursement is up to $5,000 per trip for pre-paid, non-refundable travel expenses, including passenger fares and hotels. Available on the Ink Business Preferred card only.
Cell Phone Insurance: Covers theft of or damage to the cardholder’s (and authorized employees’) phones up to $600 if they pay their cell phone bill with their card. There is a maximum of 3 claims in a 12-month period with a $100 deductible each time. Available on the Ink Business Preferred card only.
Bonus Points for Referrals: The Ink Business Preferred card offers 20,000 bonus points for business owners approved for the card using your referral link. There’s a limit of five referrals and 100,000 bonus points every calendar year.
The Ink Business Unlimited Card offers $150 cash back for each referral, with a limit of five referrals and $750 cash back each calendar year.
Best Card for Chase Ink Benefits: Chase Ink Business Preferred
The Chase Ink Business Preferred card provides the best initial bonus and a wider array of benefits than the Cash and Unlimited cards. And people who travel abroad will save money on international purchases since the card has a $0 foreign transaction fee. And like all Chase Ink cards, Preferred offers up to 70 free employee cards.
But, as is the case with any business or travel card, make sure all the rewards outweigh the cost of any fees or interest charges before applying.