The Ink Business Preferred® Credit Card gets much attention for its rewards, especially the sign-up bonus. This is unsurprising since new cardholders can earn 90,000 bonus points after spending $8,000 on purchases within three months of account opening.

Cardholders can earn 3X points on up to $150,000 spent annually in the following categories combined (then 1X points): shipping purchases; social media and search engine advertising; internet, cable and phone services; and travel. Cardholders also earn 5X points on Lyft rides through September 2027. All other purchases earn 1X points per dollar spent.

This popular business credit card also has a reasonable $95 annual fee, which is pretty good when considering the rewards you can earn — especially during year one. Despite this, few people realize how dynamic and valuable this card can be or how many under-the-radar perks it has.

If you’re considering the Ink Business Preferred and wondering how it can benefit you, this list of unlikely benefits should be on your radar.

Better rewards value when booking travel through Chase*

For a long time, points on the Ink Business Preferred were worth 25% more when redeemed through the Chase Travel portal. That meant that each point would be worth 1.25 cents, helping you stretch your rewards further.

That benefit is still around, but only until Oct. 25, 2025. Starting from Oct. 26, 2025, points redeemed through Chase Travel will be worth 1 cent apiece — the same value you’d get from redeeming points for cash back.

This change stems from the introduction of a new system called Points Boost that replaced the fixed bonuses for travel portal redemptions on the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, and Ink Business Preferred cards (among others).

*This benefit is available through Oct. 25, 2025.

Point transfers to airlines and hotels

Many people don’t know this, but the Ink Business Preferred offers the same point transfer capabilities as the Chase Sapphire Preferred Card and the Chase Sapphire Reserve®. Rewards earned with this business credit card can be transferred to 14 airline and hotel partners on a 1:1 basis, with options including British Airways Executive Club, Marriott Bonvoy, Southwest Airlines Rapid Rewards, United MileagePlus and more. Thanks to this flexibility, Chase transfer partners can help cardholders get about 2.0 cents per point in value (using Bankrate’s valuation) or better in some cases, so this option is worth having.

Cell phone protection

Pay your monthly cell phone bill with your Ink Business Preferred card to get up to $1,000 per claim in cell phone protection that covers both damage and theft. This coverage can apply to your phone or phones carried by employees listed in your monthly cell phone bill.

A maximum of three claims applies within a 12-month period and cardholders must pay a $100 deductible each time.

Protections for purchases

The Ink Business Preferred also comes with different protections that can help reimburse you or replace items you buy with the card. These perks include:

• Purchase protection: Get purchase protection against damage, theft or involuntary and accidental parting for 120 days after purchase. This coverage is worth up to $10,000 per claim and up to $50,000 per account.
• Extended warranties: Get an extra year of warranty protection on eligible purchases with manufacturer’s warranties of three years or less. This coverage is worth up to $10,000 per claim and up to $50,000 per account.

Travel-related benefits

The Ink Business Preferred also offers more travel benefits than people realize, including some that are only listed in the fine print of the card’s benefits guide. Major travel perks you could benefit from include:

• Auto rental collision damage waiver: Cardholders get primary auto rental coverage when they rent a car for business use and pay with their card. This coverage will reimburse you up to the actual cash value of most rental vehicles in the event of damage due to collision or theft (exclusions apply). To be eligible for this coverage, you must decline the rental company’s own collision damage insurance or similar provisions.
• Baggage delay insurance: This insurance coverage kicks in when bags are delayed by a common carrier for at least six hours. It is worth up to $100 per day for a maximum of five days for emergency purchases like clothing, toiletries and charging cables for cellular telephones. This benefit covers cardholders, their immediate family members and employees.
• Lost luggage reimbursement: This coverage reimburses you when your luggage is lost or stolen while in the care of a common carrier like an airline or a cruise line. The maximum benefit is up to $3,000 total for each covered person. Within that $3,000 total limit, reimbursement for jewelry, watches, cameras and other electronic equipment will not exceed $500 per person. This benefit covers cardholders, their immediate family members and employees.
• Roadside dispatch: This pay-per-use program gives cardholders a place to call in when they need help with a flat tire, gas delivery, jump starting, lockout service and more.
• Travel accident insurance: Cardholders, their immediate family members and employees get travel accident coverage for loss of life worth up to $500,000 when traveling with a common carrier. Travelers can also get all or part of this benefit for accidental dismemberment or loss of speech, hearing or sight.
• Travel and emergency assistance services: Cardholders can call a 24-hour hotline for help with medical and legal referrals, locating lost luggage, emergency transportation assistance and more. Note that the hotline you call is free, but the services you receive may have their own costs.
• Trip cancellation and interruption insurance: This coverage will reimburse you for pre-paid, non-refundable travel expenses on trips that must be canceled or interrupted for a covered reason, such as injury, sickness or severe weather. The benefit of this policy is worth up to $5,000 per covered trip and covers the cardholder, their immediate family members and employees.
• Travel delay reimbursement: This card’s trip delay reimbursement coverage can reimburse you up to $500 per ticket for reasonable expenses (including meals, lodging and toiletries) you incur when a common carrier trip is delayed due to a covered hazard for more than 12 hours or requires an overnight stay. This coverage applies to the cardholder, their spouse and their dependent children under 22 years old. Covered hazards include equipment failure, inclement weather, labor strikes and hijacking or skyjacking.

To activate most of the above benefits, you’ll need to pay for some or all of the relevant travel expenses or common carrier ticket with your Ink Business Preferred card or points from the card’s rewards program.

Free employee cards

Ink Business Preferred customers can also get free employee cards, making it easier to track worker expenses for accounting purposes. Employees with credit cards can also help the business owner earn more rewards on all their business spending over time.

Business management benefits

Finally, the Ink Business Preferred comes with various business management benefits to help business-owning cardholders manage their cash flow. For example, cardholders get 24/7 access to online accounts plus quarterly reports and access to up to 24 months of credit card statements at a time.

The Ink Business Preferred also helps build business credit, which can help cardholders qualify for other types of business financing, including small business loans, down the line.

Maximizing the Ink Business Preferred

The Ink Business Preferred can provide a lot of perks and savings for your business, but you have to use it strategically. Here are some tips for maximizing the card’s potential:

• Maximize the card’s bonus categories: Use the card for all your travel, shipping, advertising, and internet, cable, and phone purchases to take advantage of the 3X rewards rate (on the first $150,000 in combined purchases). You should also use your card for Lyft rides through September 2027 to earn 5X points. These high point multipliers can help you rack up rewards quickly.
• Transfer to travel partners for maximum value: With the flat 25% portal redemption bonus going away soon, 1:1 point transfers to hotel and airline partners will likely be the most valuable way of redeeming points on the Ink Business Preferred going forward. Transferring points to an airline or hotel loyalty program can get you premium flights and luxury hotel stays at a fraction of the retail price.
• Use the card’s travel and purchase protections: Be sure to use your Ink Business Preferred for all your travel purchases, not only for the 3X points but also to activate the card’s many travel protections. You might also want to use the Ink Business Preferred for buying big-ticket items — such as equipment or technology for your business — to take advantage of the purchase protection and extended warranty benefits.

The bottom line

The Ink Business Preferred has so much to offer just in rewards that it’s easy to forget all of its other benefits. This business credit card is packed with perks, particularly when it comes to the purchase protections and travel benefits it offers.

That said, you should still compare this card to other business credit cards before you choose it based on perks or rewards. The Ink Business Preferred can be worth it, but there are other valuable business credit cards to consider as well.