Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    FTC fines GoodRx for sharing consumer health data with advertisers

    February 2, 2023

    What we know about Milwaukee’s 2024 Republican convention

    February 2, 2023

    More and more business owners are turning to artificial intelligence to stay competitive

    February 2, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Zepp News
    • Business
    • Entertainment
    • Health
    • Politics
    • Sports
    • Technology
    Zepp News
    Business

    Is Ink Business Preferred worth the annual fee?

    shivachetanbijjal@gmail.comBy shivachetanbijjal@gmail.comJanuary 14, 2023No Comments7 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Whether your credit card has an annual fee of $1 or $1,000, it’s worth evaluating the fee every time you have to pay it to see if you can justify the fee for the coming year.

    This Ink Business Preferred Credit Card The annual fee is as low as $95, but is it worth it? It’s not free to keep this card in your wallet every year, so what do you get by paying $95 a year?

    Let’s take a look at the perks and benefits that the Ink Business Preferred card offers and see if the annual fee is worth it for the second year and beyond.

    welcome bonus

    new applicant First choice for ink business Earn 100,000 Ultimate Rewards bonus points after you spend $15,000 in purchases within three months of account opening. TPG values ​​Ultimate Rewards points at 2 cents each, so the bonus is worth $2,000.

    RELATED: How to Meet the Minimum Spend for a Preferred Ink Business

    You’ll notice that Chase says this bonus is worth $1,000 as cash back, or $1,250 worth of travel when redeeming points in the Chase travel portal.The latter allows you to spend your points like cash to book travel at 1.25 cents each when you have an Ink Business Preferred (the same as using the Chase Sapphire Preferred Card But each point below this exchange is worth 1.5 cents Chase Sapphire Reserve. Sapphire Preferred also allows you to redeem points for statement credit at 1 cent each.

    RELATED: Opinion: Can I Cash Out Points, and Is It Worth It?

    Use your Chase Points to book a room at the Park Hyatt St. Kitts.Zach Grieve/Scorer

    However, you can get better value from the points than at 1.25 cents per point. With Chase’s airline and hotel transfer partners, you can use your points on hotel stays and flights. You can get more value here.

    RELATED: How to Redeem Chase Ultimate Rewards Points for the Best Value

    Subscribe to our daily newsletter

    phone protection

    When you pay your monthly wireless bill with an Ink Business Preferred card, you get protection against theft or damage to your phone. This applies to you and any employees listed on your wireless bill.

    With this benefit, phones associated with wireless accounts are covered up to $1,000 per claim. There is a $100 deductible per claim, up to 3 claims within a 12-month period.

    RELATED: How to File a Cell Phone Insurance Claim for Ink Business Preferred

    Shopping and Travel Protection

    Ink Business Preferred offers two types of purchase protection: Purchase Protection and Extended Warranty Protection.

    Purchase protection covers damage or theft for up to 120 days on new purchases. This benefit can cover the cost of repairing or replacing items up to a limit of $10,000 per claim and $50,000 per account. However, there are exceptions such as animals, live plants and motor vehicles.

    RELATED: Chase Ink Business Credit Card Guide

    Extended warranty protection adds one year to a manufacturer’s three-year or shorter warranty. This benefit is limited to a maximum of $10,000 per claim and a maximum of $50,000 per account. Warranty must be issued in the United States to be eligible.

    While traveling, you can take advantage of the roadside dispatch benefit to get pay-per-ride assistance when you need it. This helps with downtime, dead batteries, or flat tires, for example.

    When renting a car, if you pay for the entire rental cost with Ink Business Preferred, you can decline the rental company’s collision insurance and get a collision damage waiver. This benefit can cover the cost of repairing or replacing the leased vehicle. This is the primary coverage when leasing for business purposes, when leasing outside of your country of residence, or if you do not have your own auto insurance. Coverage applies when your rental is 31 days or less and will cover any towing costs you may incur, but not certain types of vehicles.

    RELATED: 5 Reasons to Get the Chase Ink Business Preferred Credit Card

    Donald Ian Smith/Getty Images

    Plus, with trip cancellation and interruption coverage, you can get reimbursed up to $5,000 per person and $10,000 per trip. This benefit covers trips that are canceled or shortened due to reasons such as inclement weather and illness, and will reimburse you for prepaid, non-refundable travel expenses. Thanks to travel delay insurance, you can also get reimbursed for up to $500 in expenses if your trip is delayed by 12 hours or more.

    You can view full details of these benefits in the Benefits Guide for limitations and exclusions. For more information, see our full review of the Ink Business Preferred card.

    other allowances

    When you use the Ink Business Preferred card, you’ll earn Chase Ultimate Rewards, which TPG considers 2 cents per reward. You can transfer these points to 14 different airline and hotel partners. You can also redeem your travel points for 1.25 cents through the Chase Ultimate Rewards travel portal, paying for travel with your points like cash.

    You’ll earn 3 points per dollar on the first $150,000 in purchases per account anniversary in the following categories: travel, shipping purchases, Internet service, cable service, phone service, and ad purchases on social media sites and search engines. After you exceed your $150,000 spending limit, you’ll earn 1 point per dollar spent on these purchases and 1 point per dollar spent on all other purchases.

    Related: Buy Items Eligible for Triple Points with Ink Business Preferred

    Wyatt Smith/Scorer

    If your business spends heavily in these categories, you can earn 450,000 points per year after reaching the $150,000 limit cap. TPG valued the points at $9,000.

    RELATED: How to Maximize Your Earning Rewards with the Ink Business Preferred

    It’s worth evaluating these income categories to see how effective they are for your business.You should also consider how these categories work for you while also holding a personal credit card that earns Ultimate Rewards points, such as Chase Sapphire Reserve.

    RELATED: Credit Card Showdown: Chase Sapphire Reserve vs. Ink Business Preferred

    Unlike Chase’s other business credit cards, when you have the Ink Business Preferred Card, you have direct access to Chase’s money transfer partners.Those with No Annual Fee Cards ink business cash credit card (and personal credit cards such as infinite pursuit of freedom) does not have access to Chase’s transfer partners and requires a premium card such as Ink Business Preferred or a personal card such as Sapphire Reserve or Chase Sapphire Preferred Card Redeem points this way. So it’s not just the points you can earn, but also the redemption options you should consider.

    Having a Chase card that earns Ultimate Rewards points for an annual fee is necessary to have the widest choice in how you can spend your points — and this card does just that.

    the bottom line

    Pay the $95 annual fee on Ink Business Preferred, and you get shopping and travel protection, cell phone insurance, and rewards categories that make sense for many businesses. You can also transfer your points to more than a dozen hotel and airline partners for extra redemption value on award travel.

    But if you already have a card that supports these transfers, and the bonus-earning category doesn’t apply to your business, the annual fee for Ink Business Preferred probably isn’t worth it — no matter how much it costs.

    Official application link: Get 100,000 Ultimate Rewards bonus points if you spend $15,000 within three months of account opening Ink Business Preferred Credit Card.

    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    shivachetanbijjal@gmail.com
    • Website

    Related Posts

    Capital One rebrands Elite Travel Spark to Venture X Business

    February 2, 2023

    Business Roundup: Interest Rates and Oil Profits

    February 2, 2023

    Shell’s integrated gas business delivers as LNG sales climb

    February 2, 2023

    Leave A Reply Cancel Reply

    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    The Courier – a New Song with Benedict Cumberbatch

    January 14, 2020
    About Us

    This website is all about Tech Health Fitness Business and many other topic that very helpfull for everyone.

    Thank You.

    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Facebook Twitter Instagram Pinterest
    • Home
    • Buy Now
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.