After 3 years of working for myself I finally got a service charge card, and it’s already saved me money and time

After 3 years of working for myself I finally got a service charge card, and it’s already saved me money and time

woman working drawing creative

The author is not visualized.
Westend61/ Getty Images

  • After being self-employed as a freelance writer for about three years, I finally got around to opening a organisation charge card for my overhead.
  • After doing some research, I picked the Ink Organisation Preferred Charge Card to assist rack up to 3x reward point per dollar on specific categories.
  • Having a separate business charge card assists simplify monetary house cleaning for my business, and t he Ink Service Preferred features additional benefits such as travel protection, purchase security, and no foreign transaction charges.

After staying in business as a full-time freelance writer for about three years, I lastly got around to opening a credit card to put all my small company costs on it. After doing some research on the finest organisation credit cards, I selected Chase’s Ink Business Preferred

My coworkers who were accounting professionals and CPAs informed me time and time once again: You need to have a separate charge card for your organisation Because I was an army of one and the sole employee of my content production company, I skirted by blending my personal and expert expenses on an individual charge card.

After doing some research study, here’s why I picked the Ink Company Preferred Besides the included advantages that feature the card, here’s how having a charge card just for my work as a solopreneur has actually made handling my business-related finances that much simpler:

1. It’s easy to use

The Ink Service Preferred is on the Visa network, which is pretty much accepted anywhere. Whether I’m at a professional conference, purchasing computer materials online, or meeting with a potential client at a restaurant, I never have to worry whether my card will be accepted.

What’s more, there are no foreign transaction costs. So when I go traveling overseas, I won’t need to hand over the 3%foreign transaction cost that’s normal of some other charge card.

2. I get benefits points

One of the main reasons I chose the Ink Service Preferred was due to the fact that of the rewards points:

  • Generous sign-up benefit offer: 80,000 bonus offer points if you spend $5,000 in the very first 3 months after you open your account. If you redeem your points through Chase Ultimate Benefits, that’s $1,000 in travel rewards.
  • 20,000 perk points if you refer fellow entrepreneur to the card. You can refer up to five buddies per calendar year, for as much as 100,000 points. So far I have actually referred one colleague this year, which made for an easy boost in points.
  • 3x points on qualified purchases on certain service categories (approximately $150,000 within a year of your anniversary date as a cardholder): shipping; phone services, cable, internet, advertising purchases made with social media sites and search engines; travel.

While there’s a $95 yearly cost, if you invest enough on the card, and earn adequate points, I find the yearly charge to be worth it

3. It offers purchase protection

Besides the points, the Ink Service Preferred comes with security on certain purchases you make with the card. For example, if you a big-ticket item gets harmed or taken within 120 days after the purchase date, you can utilize the purchase defense. You can do this with any purchase as much as $10,000, and declare a max amount of $50,000 per fiscal year. Plus, it can extend the maker’s service warranty as much as 3 years.

4. It also provides travel defense

  • Journey delay compensation. Besides protection for specific purchases, there’s insurance coverage to cover you for snafus throughout your travels For circumstances, must your travel plans delayed, you’ll be covered up to $500 to cover meals, overnight stays at a hotel, or transportation.
  • Luggage delay. And if your baggage gets delayed while you’re en path, you might get compensated as much as $100 a day approximately 5 days for certain requirements, such as clothes and toiletries.
  • Trip cancellation and trip disruption. If your journey gets cancelled or interrupted under a covered loss such as illness or severe weather condition, you and your immediate member of the family can be covered, approximately $5,000 per incident.

5. It makes it much easier to remain on top of monetary housekeeping for my service

Putting all my business-related expenses streamlines my monetary housekeeping big-time. Rather of having to sync up multiple accounts to my bookkeeping software application, or comb over a lots of transactions and different my personal and professional expenditures (a huge no-no, by the way), everything is on a single account.

Plus, it saves time during tax season. When it comes time to submit taxes for my company, while I’ve saved all my invoices, I can likewise bring up my charge card declarations to examine deals. No more learning piles of receipts, or attempting to read ones where the numbers are starting to fade. A time-saver? You wager.

Here are a few of the purchases I make that count as company costs:

  • Marketing-related costs, such as webhosting
  • Business-related travel
  • Meals and entertainment associated to organisation
  • Expert subscriptions and subscriptions
  • Paying agreement workers
  • A portion of my mobile phone expense
  • Accounting and bookkeeping software
  • Office supplies and devices, such as cloud service to backup files on my computer system

Putting all my overhead on a single credit card has actually made handling the finances for my small company that much more basic. It’s not just helped me conserve time and money, however prevented headaches and tension.

Discover More about the Ink Company Preferred from our partner The Points Guy “

More charge card coverage

Disclosure: This post is given you by the Personal Financing Insider group. We periodically highlight monetary products and services that can assist you make smarter decisions with your cash. We do not provide investment recommendations or encourage you to embrace a particular financial investment method. If you act based upon among our suggestions, we get a little share of the earnings from our commerce partners. This does not influence whether we include a monetary product and services. We run separately from our advertising sales team.

Service Insider may get a commission from The Points Person Affiliate Network, however our reporting and recommendations are always independent and unbiased.

Please keep in mind: While the offers discussed above are precise at the time of publication, they undergo alter at any time and may have changed, or may no longer be available.


Credit Cards
Ink Business Preferred
company credit cards
Individual Finance Insider

Chevron icon It suggests an expandable section or menu, or often previous/ next navigation choices.



Find Out More


Enjoy this blog? Please spread the word :)