Ink Business Preferred® Credit Card
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Chase Freedom Flex℠ Card
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8.8MyCreditCardLab Score
MyCreditCardLab Score 8.8We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
8.7MyCreditCardLab Score
MyCreditCardLab Score 8.7We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
| ANNUAL FEE | |
| $95 | $0 |
| INTRO APR | |
| No any intro offer of this card | 0% intro APR on Purchases for first 15 months and 0% intro APR on Balance Transfers for first 15 months on qualifying balance transfers |
| REGULAR APR | |
| 21.24% - 26.24% Variable APR | 20.49% - 29.24% Variable APR |
| PROS | |
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| CONS | |
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| WELCOME BONUS | |
| 100,000 bonus points after spending $8,000 on purchases in the first three months from account opening | $200 if you spend $500 in first 3 months |
| REWARDS | |
Ink Business Preferred® Credit Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including:
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Chase Freedom Flex℠ Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including:
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| BENEFITS | |
| No additional cost for employee cards - You can multiply your points balance. Do this by adding your employees as authorized users on the card. Know this: the main cardholder or business is responsible for all purchases on them. Car rental collision damage waiver - This is coverage for business car rentals. You won’t have to use your insurance first. Travel and emergency assistance services - It includes medical and legal referrals. They help if you run into trouble while traveling. The cardholder will pay for any extra service costs. Cellphone protection - The primary cardholder and any authorized employee cardholders get cellphone protection. It covers them if they pay their cellular bills with the card. It covers up to $600 per claim (and up to $1,800 per 12 months) with a $100 deductible. They can make up to three claims per year. Purchase protection - New purchases are covered for 120 days against damage or theft for up to $10,000 per claim and $50,000 per account. | Decent welcome bonus - The offer is for $200 bonus. You get it after spending $500 on purchases in the first three months of account opening. This is stellar for a no-annual-fee card. Trip cancellation and interruption insurance - You get reimbursed up to $1,500 per person. You get $6,000 per trip. This covers your prepaid, nonrefundable passenger fares. This happens if your trip is canceled or cut short by sickness, bad weather, or other covered situations. Car rental insurance - If you charge your rental car to your card, you can receive coverage if it is damaged or stolen. The coverage is secondary and goes up to the car's cash value. World Elite Mastercard Benefits - As noted, the Freedom Flex is Chase’s first foray into the Mastercard market in five years. Adding Mastercard to the Chase lineup opens new features for Flex cardholders. Visa doesn't offer them. Two key benefits are cell phone protection and ID protection. Both are Mastercard staples. Base Rewards Rate of 1% Cash Back - Most cash back credit cards give 1% back as a base earning rate. The only way to get a higher base rate is to earn less from your chosen card. |
| CASH ADVANCE FEE / APR | |
| 29.99% variable, plus a fee of either $15 or 5% of the amount of each transaction, whichever is greater | 29.99% variable, Either $10 or 5% of the amount of each transaction, whichever is greater. |
| BALANCE TRANSFER FEE | |
| 21.24% - 26.24% variable, plus a fee of either $5 or 5% of the amount of each transfer, whichever is greater | 20.49% - 29.24% variable, plus either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after) |
| RECOMMENDED CREDIT SCORE | |
| 690 - 850 (Fair - Exceptional) | 690 - 850 (Fair - Exceptional) |
| FOREIGN TRANSACTION FEE | |
| $0 | 3% |
| BEST FOR | |
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| More Details | More Details |
Ink Business Preferred® Credit vs. Chase Freedom Flex℠
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