Ink Business Preferred® Credit Card vs. Ink Business Cash® Credit Card

Business credit cards are an excellent tool to separate business and personal expenses. Two worthy contenders are the Ink Business Preferred® Credit Card and the Ink Business Cash® Credit Card. Which card is best for you comes down to where your business spends the most money. We examine the benefits of both these cards so you can make the best choice.

Ink Business Preferred® Credit Card

Overall Rating
4.7

Welcome Offer
Earn 120,000 bonus points

Rewards Range
1-3x points

Annual Fee
$95

Regular APR
21.24%-26.24%

0% APR on Purchases
N/A

0% APR on Balance Transfers
N/A

Foreign Transaction Fee
$0

Ink Business Cash® Credit Card

Overall Rating
4.8

Welcome Offer
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400

Rewards Range
1%-5%

Annual Fee
$0

Regular APR
18.49% - 24.49%

0% APR on Purchases
12 months

0% APR on Balance Transfers
N/A

Foreign Transaction Fee
3% of each transaction in U.S. dollars

Welcome Offer

Ink Business Preferred® Credit Card: Earn 120,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. How much are these points worth? It depends on how you redeem them. If you redeem them for cash back, they’re worth about 0.01 each. If you redeem them for travel through Chase Travel(SM), they could be worth about $1,250, and potentially even more if you transfer the points to one of Chase’s travel partners.

Ink Business Cash® Credit Card: Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. This is very straightforward; cash is cash. Both cards have great welcome offers, with the Ink Business Cash® Credit Card being more flexible and the Ink Business Preferred® Credit Card potentially worth more. It depends on your needs.

Rewards

Ink Business Preferred® Credit Card rewards you with 3x on shipping, social media advertisement, internet, and travel, among other things. These rewards are good for the first $150,000 spent in a year and all other purchases earn 1x per dollar spent. It’s also worth noting that points on this card are worth 25% more when you use them to book travel through Chase Travel(SM).

Ink Business Cash® Credit Card gets you 5% cash back on purchases at office supply stores, and on cable, internet, and phone services, up to $25,000 a year. You also get 2% cash back on purchases at gas stations and restaurants, and 1% cash back on everything else.

Which card is best for you comes down to where your business spends the most money. The Ink Business Preferred® Credit Card has a much higher cap, so it may work better for businesses that know they spend more than $25,000 a year on business expenses. Startups and smaller businesses may find the Ink Business Cash® Credit Card to be a better fit.

Here are the details for each card.

Ink Business Preferred® Credit Card

1x points
On all other eligible purchases
Earn 1 point per $1 on all other purchases
3x points
All eligible purchases
Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year.

Ink Business Cash® Credit Card

1% cash back
On all other eligible purchases
2% cash back
Dining
Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
2% cash back
Gas
Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
5% cash back
Select Categories
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

Rates and Fees

Ink Business Preferred® Credit Card has an annual fee of $95. The Ink Business Cash® Credit Card has no annual fee. It also offers 0% APR on purchases for the first 12 months, whereas the Ink Business Preferred® Credit Card does not have a 0% Intro APR offer. This is an easy win for the Ink Business Cash® Credit Card, unless you plan to travel internationally. In that case, the Ink Business Preferred® Credit Card is a better choice because it doesn’t have foreign transaction fees.

Who the Ink Business Preferred® Credit Card is Best For

The Ink Business Preferred® Credit Card is an excellent card for business owners who travel a lot, especially if you travel internationally or have employees who do. This is an especially valuable card for businesses that spend a lot on shipping and social media advertising. And the welcome bonus is worth the most if you transfer the points to a Chase partner, such as an airline or a hotel.

Who the Ink Business Cash® Credit Card is Best For

Businesses that are just starting out will appreciate the 0% APR introductory offer from the Ink Business Cash® Credit Card, and they will also appreciate that this card has no annual fee. The rewards will come in handy, and you’ll enjoy 5% cash back on office supplies, internet, cable and phone charges–a great savings for any small business.

Does it make sense to get both cards?

You could get both cards, but keep in mind to get both bonuses, you’ll have to spend $21,000 in three months. Also, since both cards are issued by Chase, you will need to be aware of the 5/24 rule. This means that Chase will likely not approve anyone if they have opened five or more accounts in the past 24 months. To apply for a Chase business card, you need to be under the 5/24 rule, but once you are approved, the card is considered a business card and doesn’t count toward future applications. Yes, it is confusing. To further complicate matters, Chase counts some business cards in the 5/24 rule and doesn’t count others.

Another rule you need to be aware of is the 2/30 rule, which means you likely won’t be approved for more than two Chase cards in the same month.

Approval Odds

The credit score data listed below comes from publicly available information in a number of forums. The accuracy of the information cannot be verified. Keep in mind that credit card issuers consider more than an applicant’s credit score and that underwriting standards change over time.

Ink Business Preferred® Credit Card

App StatusDateCredit ScoreBureauCredit Limit
Approved09/04/2023
760
Not Provided
---
Approved09/26/2023
746
Experian
$5,500
Approved09/26/2023
764
TransUnion
$5,500
Approved09/26/2023
798
Equifax
$5,500
Approved12/27/2023
710
Not Provided
$14,500
Approved07/03/2023
755
Experian
$14,500
Approved09/21/2023
816
Not Provided
---
Approved01/06/2024
825
Experian
$10,000
Approved01/06/2024
845
Equifax
$10,000
Approved01/06/2024
845
TransUnion
$10,000
Approved10/31/2023
788
Experian
$63,000
Approved10/31/2023
804
TransUnion
$63,000

Ink Business Cash® Credit Card

App StatusDateCredit ScoreBureauCredit Limit
Approved12/13/2023
781
Experian
$3,000
Approved12/13/2023
805
TransUnion
$3,000
Approved12/13/2023
811
Equifax
$3,000
Approved01/03/2023
753
Experian
---
Approved07/04/2023
755
Experian
$3,500
Approved07/04/2023
791
Equifax
$3,500
Approved07/04/2023
815
TransUnion
$3,500
Approved01/06/2023
757
TransUnion
$5,000
Approved01/06/2023
763
Equifax
$5,000
Approved01/06/2023
764
Experian
$5,000
Approved01/12/2024
810
TransUnion
$4,000
Denied08/10/2023
763
Experian
---

You need excellent credit for either card. The Ink Business Preferred® Credit Card tends to offer higher credit limits, which makes sense since this is a card aimed at larger businesses.