The Ink Business Preferred℠ Credit Card and Ink Business Cash℠ Credit Card are two popular Chase business credit cards both falling in the "Ink" family. Both also carry a "Best Business Credit Card" winner title, but which is the better card?
In short, they are both solid choices. Deciding which is the better option really comes down to your business' spending habits, whether or not you can justify an annual fee, and how you like to spend your rewards.
One card has a welcome bonus in the form of cash, one in the form of points. One has an annual fee, one doesn't. One earns more rewards on travel, one doesn't. One charges foreign transactions, and one doesn't. Etc. Although, there are a lot of similarities too, such as purchase, price, return and extended warranty protection plans; auto rental collision damage insurance; and employee cards at no additional costs.
Like we already said, both are good options for business owners, but deciding which is best for your business comes down to how exactly you plan to use your card.
To learn more, check out the table below to compare the various rewards, benefits, features, and fees associated with each card.
Ink Business Preferred℠ Credit Card vs. Ink Business Cash℠ Credit Card
Ink Business Preferred℠ Credit Card | Ink Business Cash℠ Credit Card | |
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Annual Fee | ||
Annual Fee | $95 |
$0 |
New Cardholder Bonus Offer | ||
New Cardholder Bonus Offer | Earn 80,000 bonus points after you spend $5,000 on purchases in the first three months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®. |
Earn $500 bonus cash back after you spend $3,000 on purchases in the first three months from account opening. |
Rewards | ||
Rewards | Earn three points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn one point per $1 on all other purchases - with no limit to the amount you can earn. |
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. |
Redeeming Rewards | ||
Redeeming Rewards |
Points can be exchanged for cash transfers, gift cards or, for 25% more value, redeemed for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 towards travel when redeemed through Chase Ultimate Rewards® compared to $800 when redeemed for cash. |
Once you earn 2,000 points you can redeem those points for a statement credit or an electronic deposit to your checking or savings account. Points can also be redeemed for gift cards and travel, but for those redemptions each point is worth a penny, so you have to earn 100 points to receive $1 in redemption value. |
Purchase and Balance Transfer APR | ||
Purchase and Balance Transfer APR | 17.49% - 22.49% Variable |
Enjoy 0% introductory APR for 12 months on purchases. Then 14.74% - 20.74% Variable. |
Foreign Transaction Fees | ||
Foreign Transaction Fees | $0 |
3% of each transaction in U.S. dollars |
Travel Protection | ||
Travel Protection |
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Purchase Protection | ||
Purchase Protection |
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For a full synopsis of each card, be sure to check out our Ink Business Preferred℠ Credit Card and Ink Business Cash℠ Credit Card reviews.