Question 1

Is the Ink Business Preferred worth the annual fee?

Accepted Answer

The Ink Business Preferred is worth its $95 annual fee if you use most of its 20+ benefits. Calculate your ROI by adding the value of credits you redeem, lounge visits, and points earned, then compare to the annual fee. If total value exceeds the fee, keep the card. Tools like kardfolio can automate this calculation.

Question 2

When do Ink Business Preferred benefits expire?

Accepted Answer

Ink Business Preferred benefits expire on different schedules: monthly credits reset on the 1st, quarterly credits every 3 months, and annual credits on your cardmember anniversary or calendar year end. Check each benefit's terms for specific dates. Benefit tracking apps can send alerts before expiration.

Question 3

How do I track Ink Business Preferred benefits?

Accepted Answer

Track Ink Business Preferred benefits by: 1) listing all 20+ benefits and their values, 2) recording when you use each benefit, 3) setting calendar reminders before credits expire, 4) calculating total value vs annual fee. Apps like kardfolio automate this with expiration alerts and ROI tracking.

Question 4

What are the Ink Business Preferred earning rates?

Accepted Answer

The Ink Business Preferred earns: 5x on On Lyft rides (through September 30, 2027), 3x on On advertising purchases with social media sites and search engines (up to $150K combined/year), 3x on On internet, cable and phone services (up to $150K combined/year). Base rate is typically 1x on all other purchases. Points can be redeemed through the issuer's portal or transferred to airline/hotel partners for potentially higher value.

Question 5

Does the Ink Business Preferred have foreign transaction fees?

Accepted Answer

No, the Ink Business Preferred has no foreign transaction fees. This makes it suitable for international travel and purchases in foreign currencies without the typical 3% fee charged by many cards.

Ink Business Preferred

Ink Business Preferred

Earning Rates

Card Benefits

Dining

Travel

Groceries

Car Rentals

Account Services

Insurance

Card Details