The Ink Business Preferred® Credit Card is one of the best travel rewards credit cards for business, offering a ton of value at a pretty low cost. Chase Ink Preferred is especially rewarding right now because new cardholders can earn 90,000 points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 when redeemed for cash and gift cards. That bonus alone covers the cost of the Ink Business Preferred Card’s $95 annual fee for around 9 years.

The Chase Ink Business Preferred Card’s perks aren’t all front-loaded, though. Ink Preferred also gives 1 - 3 points / $1 in rewards on purchases, for example. Employee cards with customizable spending limits are free, too. Plus, if your travels take you abroad, you won’t have to worry about paying a foreign transaction fee with Chase Ink Preferred.

Below, you can find a summary of the most important info to consider before deciding whether or not to apply for the Chase Ink Preferred Card.

Chase Ink Business Preferred Review Highlights:

• Large initial bonus. The Chase Ink Business Preferred Card offers you 90,000 points for spending $8,000 within 3 months of account opening. That's worth $900 when redeemed for cash and gift cards. So, if you can meet the initial spending threshold, getting the Ink Business Preferred Card is a great choice.
• Very good ongoing rewards. You will earn 3 points / $1 on your first $150,000 in purchases across a wide range of bonus categories each year. That means you’ll be getting 3% back on bonus-category purchases, given that Ink Preferred points are worth a penny apiece. 
• Lots of bonus categories. The Ink Preferred Card’s bonus categories, eligible for 3X points, are: travel, shipping, cable and phone service, internet service, and advertising purchased through social media sites and search engines.
• Standard base rewards rate. Non-bonus category purchases yield just 1 point / $1 spent. That equates to merely 1% back. Considering that the average cash rewards card offers 1.17% back on all purchases, you may want to use Chase Ink Preferred solely for bonus-category spending.
• Reasonable annual fee. You shouldn’t fret too much over the Chase Ink Preferred Card’s $95 annual fee. For one thing, its initial bonus effectively covers the cost of annual fees for 9 years. Nevertheless, you should still take this fixed cost into account when comparing Ink Preferred to other offers.
• No foreign fee. If your business travel takes you abroad or your company works with internationally based suppliers, you’ll be pleased to know that Chase Ink Preferred does not apply a surcharge to purchases processed outside the U.S. This will save you 97% on all such purchases compared to the average credit card.
• Good personal credit is what counts. Credit card companies base business-card approval primarily on an applicant’s personal credit history. It tends to be a lot longer than that of a business, after all. And you’re going to be held personally liable for unpaid balances anyway. So make sure to check your latest credit score for free on WalletHub before you apply, to confirm you have a good shot at Chase Ink Preferred approval.
• Far from ideal for financing. Chase Ink Preferred is designed to be paid in full each month. No, it’s not a charge card. Rather, it doesn’t offer 0% intro rates and has a regular APR that’s likely to be well above average for a card that requires good credit for approval. So if you don’t plan to pay your bill in full every month, we recommend getting a general-consumer 0% credit card instead.

WalletHub’s report on the most small business-friendly credit card companies will give you a pretty good idea of Ink Preferred’s place in the market.