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.
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.
The Chase Ink Preferred annual fee is $95 per year. Chase Ink Preferred’s $95 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 answer
Foreign Fee: $0
Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
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.
You cannot get the Chase Ink Preferred 120k bonus offer, as it is no longer available. However, this card’s current bonus is far from shabby. Cardholders can earn a bonus of 100,000 points for spending $15,000 in the first 3 months.
The spending requirement is very doable for large businesses but could potentially be harder for sole proprietors with very small businesses. Earning the bonus will offset the card’s $95 annual fee for years. So, it’s well worth your while to get Chase Ink Preferred if you have the spending capability to earn the bonus. Plus, all points earned on the card are worth 25% more when spent toward travel through … read full answerChase Ultimate Rewards. That means the bonus could net you several free flights or hotel nights.
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