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

Chase Ink offers many business credit cards with different bonuses, rates, and terms. It can be a little confusing. Which one is best for you, and which one should you apply for? We compare two of them: Ink Business Preferred® Credit Card and Ink Business Unlimited® Credit Card, so you can figure out which is best for your business.

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 Unlimited® Credit Card

Overall Rating
4.6

Welcome Offer
Earn $750 bonus cash back

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

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

Welcome Offer

The 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 these points are worth depends on how you redeem them: if you redeem them for cash, they’re worth $1,000. If you redeem them for travel through Chase Travel, they’re worth up to $1,250.

The Ink Business Unlimited® Credit Card: Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.

The spend on the Ink Business Preferred® Credit Card is quite a bit higher, but if you’re planning to use the points to travel (and were going to spend the money anyway), this is a great bonus. If you aren’t planning to use the points for travel, then the Ink Business Unlimited® Credit Card is the way to go.

Cash Back Rewards

Ink Business Preferred® Credit Card earns 3 points per dollar spent (up to $150,000) on combined purchases on travel, shipping, and a host of other common business expenses.

Ink Business Unlimited® Credit Card is much more straightforward: you earn 1.5% cash back on every purchase. No categories to keep track of, and no opt-ins required.

Here are the details of each card.

Ink Business Preferred® Credit Card 

Rewards:

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 Unlimited® Credit Card 

Rewards:

1.5% cash back
All eligible purchases
1.5% cash back on all eligible purchases with no limits to the amount you can earn

Rates and Fees

The Ink Business Unlimited® Credit Card offers a 0% intro APR on purchases for the first 12 months. After that, your rate will be 18.49% - 24.49% variable, depending on your creditworthiness. If you need to make a large purchase for your business, this is the card to get. And there’s no annual fee.

At this time, the Ink Business Preferred® Credit Card is not offering an introductory 0% APR rate. Your rate will be 21.24%-26.24% variable, depending on creditworthiness. The annual fee on this card is $95, which is still reasonable. And if you plan to travel internationally, this card has no foreign transaction fee. That, plus the 25% bonus you get when you redeem your points for travel through Chase Travel makes this the perfect traveling companion.

Who the Ink Business Unlimited® Credit Card is Best For

The Ink Business Unlimited® Credit Card is a fantastic card for small business owners looking for straightforward rewards, a 0% introductory rate, and no annual fee. And there’s a generous signup bonus as well. There are plenty of business credit cards out there, but most of them have an annual fee or not as generous of a bonus. If your business is just getting off the ground, this is the card for you.

Who the Ink Business Preferred® Credit Card is Best For

If you travel for business, the Ink Business Preferred® Credit Card is a great choice. First, it’s hard to say no to a bonus worth 25% more if you redeem it through Chase Travel, and you’d be hard-pressed to find a more generous bonus. The annual fee is reasonable, and there are no foreign transaction fees. The rewards you earn on business expenses such as shipping and advertising purchases just sweeten the pot.

Does it make sense to get both cards?

Since Ink Business Unlimited® Credit Card has no annual fee and the Ink Business Preferred® Credit Card has a pretty reasonable annual fee of $95, and both are great business cards, it’s tempting to apply for both. However, you need to be aware of Chase’s approval process.

First, Chase may not approve you for more than one business card in an 30-day period. So, if you are interested in applying for both, wait at least a month, but probably two or three before applying for the second card. Also, Chase tends to be a conservative lender and will only extend so much credit to you, regardless of how many cards you open.

That said, the Ink Business Unlimited® Credit Card and the Ink Business Preferred® Credit Card do complement each other nicely, plus you get more Chase Ultimate Rewards points. The Unlimited’s 3x points on certain business categories like shipping, advertising, and office supply stores can be paired with the Preferred’s 1.5% cash back on everything else.

Also keep in mind that to get both bonuses, you’d have to spend $21,000. If you were going to spend the money anyway, that could be a good deal, but if you start indulging your penchant for expensive whiskey just to get the bonus, then it’s not.

Approval Odds

The credit score data provided for some of the cards listed below comes from publicly available information in several 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 Unlimited® Credit Card

App StatusDateCredit ScoreBureauCredit Limit
Approved03/18/2023
825
Experian
$6,000
Approved12/14/2023
783
TransUnion
$8,000
Approved12/14/2023
787
Experian
$8,000
Approved12/14/2023
791
Equifax
$8,000
Approved10/04/2023
734
TransUnion
$8,000
Approved10/04/2023
735
Equifax
$8,000
Approved10/30/2023
850
Experian
$16,000
Approved04/25/2023
662
Equifax
$4,000
Approved04/25/2023
667
TransUnion
$4,000
Approved04/25/2023
718
Experian
$4,000
Approved04/16/2023
843
Experian
$16,000
Approved01/12/2024
653
Experian
$4,000
Approved01/12/2024
672
TransUnion
$4,000
Approved01/12/2024
675
Equifax
$4,000
Denied01/12/2024
756
Experian
---
Denied01/12/2024
775
TransUnion
---

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

The Ink Business Preferred® Credit Card seems to offer higher credit limits, for the most part. The Ink Business Unlimited® Credit Card has the one outlier approval of $50,000, but most of the approvals are in the $5,000 to $10,000 range. The Ink Preferred has an average approval credit limit of about $18,000.