Chip Lupo, Credit Card Writer
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The Chase Ink Preferred annual fee is $95. This card’s annual fee is higher than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Ink Business Preferred® Credit Card, either.
Chase Ink Preferred Fees
- Annual Fee: $95
- Cash Advance Fee: Either $15 or 5% of the amount of each transaction, whichever is greater.
- Foreign Transaction Fee: $0
- Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
Keep in mind that an annual fee is a common charge with high-tier rewards cards. This card offers 100,000 points for spending $15,000 in the first 3 months. Plus, you can earn 3 points per $1 on the first $150,000 spent per year on travel and select business expenses, and 1 point per $1 on all other purchases. So, Chase charges an annual fee for this card to help offset the cost of these perks.
Ink Business Preferred® Credit Card
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