Does Chase Ink Preferred offer an extended warranty? This question is about the Ink Business Preferred® Credit Card

Does Chase Ink Preferred offer an extended warranty?

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This question is about the Ink Business Preferred® Credit Card

Maria Adams, Credit Cards Moderator

@m_adams • 03/29/22 This answer was first published on 03/29/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

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.

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How much is the Chase Ink Preferred annual fee?

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.
... read full answerForeign 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.

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Does Chase Ink Preferred Card have a 0% APR intro period for new purchases?

No, the Chase Ink Preferred Card does not have a 0% APR intro period for new purchases. If you’re planning on making a large upcoming purchase and you don’t anticipate paying off the balance for a few months, the Chase Ink Preferred Card is not a great credit card to use.

Alternatively, you can check out the ... read full answer best 0% APR credit cards of 2023, selected by WalletHub’s editors from 1,500+ offers. Just keep in mind that many cards with a 0% APR intro period for new purchases require good or excellent credit for approval. You can check your credit score for free on WalletHub to gauge your odds.

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Is the Chase Ink Preferred 120K bonus offer still available?

No, the Chase Ink Preferred 120k bonus offer is no longer available. The card currently offers 100,000 points for spending $15,000 in the first 3 months. Earning this bonus will offset the card’s $95 annual fee for years.

The spending requirement is easy to meet for large businesses, but could potentially be harder for sole proprietors with very small businesses.

Here’s what the Chase Ink Preferred currently offers:... read full answer

Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®

If you’re looking for a business credit card that offers an initial bonus of 120k+, you should consider getting the IHG Premier Business, instead. This card offers 140,000 points for spending $3,000 in the first 3 months. Plus, you can earn 3 - 10 points per $1 spent on purchases.

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