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 markets itself as cash-back, one as points, though we'll explain how that is just semantics. 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® vs. Ink Business Cash®
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.
15.99%-20.99% Variable
Enjoy 0% introductory APR for 12 months on purchases. Then 13.24% - 19.24% Variable.
$0
3% of each transaction in U.S. dollars
Trip cancellation/interruption insurance – If your trip is canceled or cut short by sickness, severe weather and other covered 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.
Roadside dispatch – If you have a roadside emergency, call 1-800-847-2869 anytime to dispatch the help you need: anything from a tow or jumpstart to a tire change, lockout service, winching or gas delivery. Roadside service fees will be provided when you call and will be billed to your card.
Auto rental collision damage waiver – Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
Auto rental collision damage waiver – Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
Roadside dispatch – If you have a roadside emergency, call 1-800-847-2869 anytime to dispatch the help you need: anything from a tow or jumpstart to a tire change, lockout service, winching or gas delivery. Roadside service fees will be provided when you call and will be billed to your card.
Purchase protection covering your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
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.
Get up to $600 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your card. Maximum of three claims in a 12 month period with a $100 deductible per claim.
Purchase protection covering your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
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.
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.
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