Pros

100,000 bonus points：after you spend $8,000 on purchases in the first 3 months after account opening.

3X points on travel, shipping, internet, cable, phone services.

Earn a total of 5x points on Lyft rides through March 2025 with your Chase Ink Preferred card.

Redeem for flexible and rich rewards: Redeem for cash back, gift cards, travel experiences, and more through Chase Ultimate Rewards 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®.

Employee cards at no additional cost.

Points transferable to airline/hotel partners.

Cons

$95 annual fee.

Minimum spend of $8,000 for signup bonus.

Only earns 1X point per dollar on non-bonus spend.

Points less valuable for cash back redemptions.

Why Choose It

With a six-figure signup bonus, solid 3X earn rates in key categories like travel and shipping, plus transferable points, the Ink Preferred offers substantial rewards potential for small business owners. The ability to cover your cell phone and leverage employee user cards streamlines business account management. As long as you can maximize the 3X categories and value flexible points, the Ink Preferred card delivers strong ongoing value per dollar spent.