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Which Chase Ink business card is right for you?

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    If you're not already using a small business credit card to get bonus rewards for your company's routine purchases or to save you money on things like travel and warranty protection or car insurance, you're leaving money on the table. However, while we certainly agree that small business credit cards are a great way to help small business owners save money, there are a number of other benefits and perks that make holding at least one small business credit card in your wallet a smart idea.

    From separating business and personal expenses and creating tax records that are simpler to work with, to establishing good credit for your business, to security and fraud protection, employee bookkeeping ease, to of course, earning rewards on necessary business purchases, there are a plethora of good reasons why every small business owner should hold at least one small business credit card in their wallet, if not more.

    Chase offers a number of popular credit cards, most notably here, the cards in their Ink small business credit cards family, all of which offer slightly different terms, rewards, rates and features.

    To determine which Chase Ink business credit card – the New! Ink Business Unlimited℠ Credit Card, the Ink Business Preferred℠ Credit Card or the Ink Business Cash℠ Credit Card – makes the most sense for your business, we've broken down and compared the main perks of each card below to help you decide which option might be best suited for your business' spending habits.

    Bonuses:

    New! Ink Business Unlimited℠ Credit Card: Earn a $500 cash back bonus after you spend $3,000 on purchases within your first three months of account membership.

    Ink Business Preferred℠ Credit Card: Earn 80,000 bonus points after you spend $5,000 on purchases within your first three months of account membership. That's worth as much as $1,000 in travel.

    Ink Business Cash℠ Credit Card: Earn a $500 cash back bonus after you spend $3,000 on purchases within your first three months of account membership.

    Rewards:

    New! Ink Business Unlimited℠ Credit Card: Earn an unlimited 1.5 percent cash back on every purchase made. Rewards accumulate as Chase Ultimate Rewards® points, a common currency among Chase rewards cards. If you have other Chase rewards cards in your wallet you can combine Chase Ultimate Rewards® points earned on those other cards into a single bucket as needed in order to redeem your points more quickly, or, in some cases, for more value.

    Ink Business Preferred℠ Credit Card: Earn three points per $1 on the first $150,000 spent in combined purchases each account anniversary year in the following categories: travel; shipping purchases; Internet, cable and phone services; and advertising purchases with social media sites and search engines. Earn one point per $1 on all other purchases (and once you reach the cap in the bonus categories) with no limits to the amount you can earn. Points are worth 25 percent more when you redeem for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 towards travel.

    Ink Business Cash℠ Credit Card: Earn 5 percent cash back on the first $25,000 spent in combined purchases each account year at office supply stores and on Internet, cable and phone services. Earn 2 percent cash back on the first $25,000 spent in combined purchases each year at gas stations and restaurants; and earn 1 percent cash back on all other purchases (and once you reach the cap in the bonus categories) with no limits on the amount of cash back you can earn. Rewards accumulate as Chase Ultimate Rewards® points.

    Annual Fees:

    New! Ink Business Unlimited℠ Credit Card: $0; add employee cards at no additional cost.

    Ink Business Preferred℠ Credit Card: $95; add employee cards at no additional cost.

    Ink Business Cash℠ Credit Card: $0; add employee cards at no additional cost.

    Introductory APR Period:

    New! Ink Business Unlimited℠ Credit Card: Enjoy 12 months of no interest on purchases and balance transfers (then, 14.99% - 20.99% Variable).

    Ink Business Preferred℠ Credit Card: No introductory APR period, and the ongoing APR is 17.74% - 22.74% Variable.

    Ink Business Cash℠ Credit Card: Enjoy 12 months of no interest on purchases and balance transfers (then, 14.99% - 20.99% Variable).

    Foreign Transaction Fees:

    New! Ink Business Unlimited℠ Credit Card: 3% of each transaction in U.S. dollars.

    Ink Business Preferred℠ Credit Card: $0

    Ink Business Cash℠ Credit Card: 3% of each transaction in U.S. dollars.

    Travel Protection:

    New! Ink Business Unlimited℠ Credit Card: Enjoy auto rental collision damage waiver for cars rented on business trips or for business purposes when you decline the rental company's insurance and charge the entire rental cost to your New! Ink Business Unlimited℠ Credit Card. Coverage provides reimbursement up to the actual cash value of the vehicle for theft and damage. Cardholders also have access to travel and emergency assistance services as well as roadside dispatch for roadside emergencies.

    Ink Business Preferred℠ Credit Card: Enjoy auto rental collision damage waiver for cars rented on business trips or for business purposes when you decline the rental company's insurance and charge the entire rental cost to your Ink Business Preferred℠ Credit Card. Coverage provides reimbursement up to the actual cash value of the vehicle for theft and damage. Ink Business Preferred℠ Credit Card cardholders also have access to travel and emergency assistance services as well as roadside dispatch for roadside emergencies. Additionally, if your trip is canceled or cut short by sickness, severe weather, or other cover situations, you can be reimbursed up to $5,000 per trip for your pre-paid, non-refundable travel expenses including passenger fares, tours and hotels.

    Ink Business Cash℠ Credit Card: Enjoy auto rental collision damage waiver for cars rented on business trips or for business purposes when you decline the rental company's insurance and charge the entire rental cost to your Ink Business Cash℠ Credit Card. Coverage provides reimbursement up to the actual cash value of the vehicle for theft and damage. Ink Business Cash℠ Credit Card cardholders also have access to travel and emergency assistance services as well as roadside dispatch for roadside emergencies.

    Purchase Protection:

    New! Ink Business Unlimited℠ Credit Card: New! Ink Business Unlimited℠ Credit Card purchase protection covers new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Additionally, New! Ink Business Unlimited℠ Credit Card cardholders can enjoy extended warranty protection, which extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.

    Ink Business Preferred℠ Credit Card: Ink Business Preferred℠ Credit Card purchase protection covers new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Additionally, Ink Business Preferred℠ Credit Card cardholders can enjoy extended warranty protection, which extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.

    Ink Business Cash℠ Credit Card: Ink Business Cash℠ Credit Card purchase protection covers new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Additionally, Ink Business Cash℠ Credit Card cardholders can enjoy extended warranty protection, which extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.

    Cellular phone protection:

    New! Ink Business Unlimited℠ Credit Card: N/A

    Ink Business Preferred℠ Credit Card: Get up to $600 per claim in cell phone protection against covered theft or damage for you and employees listed on your monthly cell phone bill when you pay your bill with your Ink Business Preferred℠ Credit Card, up to three claims in a 12-month period with a $100 deductible per claim.

    Ink Business Cash℠ Credit Card: N/A

    Which Ink credit card is best for your business?

    Really, this all boils down to your spending habits and regular activities as a business.

    If your business requires frequent travel, higher spending in select categories (shipping purchases; Internet, cable, and phone services; and advertising purchases with social media sites and search engines), then you'll likely benefit the most from the Ink Business Preferred℠ Credit Card thanks to no foreign transaction fees, high point-earning potential in a wide range of categories, and higher reward redemption rates for travel purchases. The ideal business owner for this card is someone who:

    • Travels regularly for business, particularly if that travel is abroad.
    • Has higher spending habits in general (the rewards category spending caps are higher with this card).
    • Knows they will spend enough to offset the annual fee with rewards.
    • Does NOT need an introductory 0 percent APR period for purchases or balance transfers.

    When it comes down to who is best for the New! Ink Business Unlimited℠ Credit Card and Ink Business Cash℠ Credit Card, the reality is that either would work pretty well for just about any small business owner. Even more true, these cards are really designed to complement one another.

    The big things to think about here are the rewards. Are you a business owner who just wants to earn an unlimited, flat cash-back rewards rate on every purchase made, with no categories to think about? If that's you, the New! Ink Business Unlimited℠ Credit Card credit card might be the way to go. On the other hand, if your business spends disproportionately each year on office supply store purchases and on Internet, cable and phone services, or at gas stations and restaurants, you could benefit more by holding the Ink Business Cash℠ Credit Card in your wallet.

    Either card would benefit the business owner with some upcoming startup costs or a major purchase on the horizon and who could use the introductory 0 percent periods to pay off those purchases interest-free.

    On the other hand, neither of the no-annual-fee cards is going to be the best bet on its own for the business owner who travels abroad since they both charge foreign transaction fees.

    Perhaps the best option to consider, though, is combining two, or even all three of these cards. By doing this, you can benefit from the higher rewards rates with each card depending on what you're buying, and can then combine all of your Ultimate Rewards® points under a single bucket to maximize redemption value.

    For example, say you hold both the Ink Business Preferred℠ Credit Card and the no-annual-fee Ink Business Cash℠ Credit Card in your wallet; you can maximize rewards by using your Ink Business Preferred℠ Credit Card on things like travel, Internet, and shipping purchases, and then your Ink Business Cash℠ Credit Card at office supply stores or while treating clients to a nice dinner. By doing this, you'd not only maximize the number of points you'd accumulate, but you could then redeem all of those points for 25 percent more value on travel. And. since the New! Ink Business Unlimited℠ Credit Card credit card also has no annual fee, you might as well consider adding it into the mix to bump "all other purchases" or bonus category purchases that are made once reaching their cap, up to 1.5 percent back instead of just 1 percent, making all three of these credit cards work overtime for your business.

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