You can transfer points to Chase’s airline and hotel program partners, though the value of the rewards will differ. So make sure to check if transferring points makes sense (more on transfer values below). Here are Chase’s airline transfer partners:
- Aer Lingus AerClub
- British Airways Executive Club
- Flying Blue Air France KLM
- Iberia Plus
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United Airlines MileagePlus
- Virgin Atlantic Flying Club
Here are Chase’s hotel transfer partners:
- World of Hyatt
- IHG Rewards Club
- Marriott Rewards
As an example, we’ve found United miles to have a value of 2 cents. The actual value will vary based on the cost of the flight you want to book and the number of miles required for the award ticket. It’s always best to look both of these things up before you transfer your points and make sure that you’re getting a better deal compared with redeeming you points through Chase Ultimate Rewards.
If you are able to find an award available where your points are worth 2 cents each, the 3x rewards rate is essentially a 6% return on your spending in those categories. Your mileage may vary (pun intended).
The rewards potential for the Chase Ink Business credit card will be entirely dependent on how you use the card and whether the business expenses you put on the card cross the $150,000 threshold.
The card is best suited for those businesses with significant travel expenses, online advertising budgets, or both. For our purposes, we’ll assume the following:
- A business spends $12,500 a month on categories that earn 3 points per dollar spent
- A business spends $5,000 a month on all other categories earning 1 point per dollar spent
Based on these assumptions, the business would earn points in the first year as follows:
- 80,000 bonus points
- 450,000 points from 3x categories ($12,500 x 12 x 3x)
- 60,000 points from 1x categories ($5,000 x 12 x 1x)
In this example, the first-year point total would be 590,000 Ultimate Rewards points earned. If the business used these points for travel through Chase Ultimate Rewards, the value of the points would be $7,375 thanks to the 25% Chase Ultimate Rewards bonus. If you transfer these points to a partner airline they could be worth over $11,000.
Of course, not every business spends $12,500 a month on travel and online advertising. A small business spending even half that, however, would still generate annual rewards potentially worth thousands of dollars.
Other Card Benefits
- Employee cards: Add employee cards at no additional cost and set individual spending limits
- Cell phone protection: When you use the Ink Business Preferred credit card to pay your cell phone bill, you are covered up to $600 per claim for covered theft or damage to the phone. This coverage extends to employees listed on your monthly cell phone bill. There is a maximum of three claims per year and a $100 deductible
- Trip cancellation and interruption insurance: Coverage is up to $5,000 for pre-paid non-refundable travel expenses
- Auto rental collision damage waiver
- Purchase protection: New purchases made with the card are covered against theft or damage up to $10,000 per claim and $50,000 per account