What are the best Chase Ink Preferred card benefits?

The best Chase Ink benefits are a bonus of up to 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:... read full answer

The fourth Chase Ink business card, the Ink Plus® Business Credit Card, 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 Chase Ink Preferred’s $0 foreign transaction fee.

Here are the best Chase Ink Card benefits:

• Bonus Rewards:
  Chase Ink Preferred offers 100,000 points for spending $15,000 in the first 3 months.
  
  The Ink Business Premier card gives 100,000 points for spending $15,000 in the first 3 months.
  
  The Ink Cash and Chase Ink Business Unlimited cards offer $750 cash back for spending $6,000 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.
• Trip 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 person and $10,000 per trip for pre-paid, non-refundable travel expenses, including passenger fares and hotels. Available on the Chase Ink Preferred and the Ink Business Premier cards.
• Cell Phone Insurance:
  Covers theft of or damage to the cardholder’s (and authorized employees’) phones up to $1,000 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 Chase Ink Preferred and the Ink Business Premier cards.
• Bonus Points for Referrals:
  The Ink Business cards offer 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.
• Best Card for Chase Ink Benefits:
  Chase Ink Preferred and Ink Business Premier.

The Chase Ink Preferred and Ink Business Premier cards provide the best initial bonus and a wider array of benefits compared to the other Chase Ink cards. Also, people who travel abroad will save money on international purchases since the cards have a $0 foreign transaction fee. Plus, like all Chase Ink cards, these cards offer 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.

Yes, the Chase Ink Preferred Card does offer extended warranty protection. The Chase Ink Preferred extended warranty policy will lengthen the original manufacturer’s warranty by up to 1 extra year for warranties of 3 years or less. The maximum coverage amount per item under the Chase Ink Preferred Card extended warranty policy is $10,000. The maximum coverage amount per card under this policy is $50,000.... read full answer

Chase Ink Preferred Card extended warranty protection does not cover motorized vehicles, live animals, live plants, or used items, among other things. For more details on this perk’s terms and conditions, refer to the guide to benefits that came with your Chase Ink Preferred Card or ask Chase customer service.

In addition to extended warranty coverage, the Chase Ink Preferred Card offers purchase protection, rental car insurance, and travel insurance. It also has an annual fee of $95. All in all, the Chase Ink Preferred Card is a good credit card for people who spend heavily on their credit card each year.

The Ink Business Preferred® Credit Card no longer offers price protection. Chase discontinued the price protection benefit, which provided coverage up to $500 per item and $2,500 per year, for the Chase Ink Preferred card in August 2018. Prior to that, if a cardholder purchased an eligible item with the Chase Ink Preferred card and the retailer reduced the price of the item within the next 90 days, Chase would have refunded the difference between the purchase price and the sale price.... read full answer

The Chase Ink Preferred card’s lack of price protection is not uncommon these days, as more and more cards have dropped the benefit. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for issuers to sustain.