Ink Business Cash Credit Card vs. Ink Business Preferred Credit Card: Which Is Better For Your Small Business?

Ink Business Cash Credit Card vs. Ink Business Preferred Credit Card: Which Is Better For Your Small Business?

The Ink Business Cash® Credit Card is the better choice for small business owners on a budget, while the Ink Business Preferred℠ Credit Card will be better for businesses with large expenses.

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JPMorgan Chase currently offers two small business credit cards – the Ink Business Preferred℠ Credit Card and the Ink Business Cash® Credit Card. Picking the best one for your business may not be the easiest task.

The major differentiators between the two cards are their reward structure and fees.

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Depending on the types of vendors your company deals with, and how big your annual transaction volume is, one card may be superior to the other.

  • Apply for the Ink Business Preferred℠ Credit Card if your business has travel expenses and makes enough purchases each year to justify paying the $95 annual fee.
  • Apply for the Ink Business Cash® Credit Card if you just want cash back rewards on traditional office expenses, like supplies, as well as internet and telephone services.

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

Ink Business Cash® Credit Card
Ink Business Cash® Credit Card
Ink Business Preferred℠ Credit Card
Ink Business Preferred℠ Credit Card
Annual fee$0$95
Earning rateEarn 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.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. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
Sign-up bonusEarn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
Promo APR0% Intro APR on Purchases for 12 monthsN/A
Ongoing APR13.24% - 19.24% Variable15.99%-20.99% Variable
Apply Now
On Chase's Secure Website
Apply Now
On Chase's Secure Website

How do the earning rates compare?

Choosing between the Chase Ink Business Cash® Credit Card and the Ink Business Preferred℠ Credit Card will depend on whether you'd rather earn your rewards in cash back or points. Both cards offer excellent rewards rates in relevant business spending categories, but the Ink Business Cash® Credit Card earns users cashback rewards while the Ink Business Preferred℠ Credit Card earns Chase Ultimate Rewards®.

Chase Ultimate Rewards® points can be exceedingly valuable when redeemed through travel and transferred to any of Chase's travel partners — we've found transferred points to be worth around 2 cents on average. In other words, points earned with the Ink Business Preferred℠ Credit Card can be at least twice as valuable as cash back earned with the Ink Business Cash® Credit Card, depending on how you use your points.

{"backgroundColor":"ice","content":"\u003C\/p\u003E\n\n\u003Cp\u003EChase Ultimate Rewards\u00ae points can be exceedingly valuable when redeemed through travel and transferred to any of Chase's travel partners \u2014 we've found transferred points to be worth around \u003Cspan\u003E\u003Ca class=\"ShortcodeLink--root ShortcodeLink--black\" title=\"Chase Ultimate Rewards: Earning and Redeeming Chase Points\" href=\"https:\/\/www.valuepenguin.com\/chase-ultimate-rewards\"\u003E2 cents on average\u003C\/a\u003E\u003C\/span\u003E. In other words, points earned with the Ink Business Preferred℠ Credit Card can be at least twice as valuable as cash back earned with the Ink Business Cash® Credit Card, depending on how you use your points.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}
Card
Earning rate
Ink Business Cash® Credit Card
  • 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.
Ink Business Preferred℠ Credit Card
  • 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. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.

How do the annual fees compare?

Another noteworthy difference between the two cards is the annual fee. The Chase Ink Business Cash® Credit Card has a $0 annual fee while the Ink Business Preferred℠ Credit Card charges a $95 annual fee.

The Ink Business Preferred℠ Credit Card is targeted towards businesses with greater expenses who would be able to afford this moderate fee. This card also includes a couple of additional perks to warrant the fee, including trip cancellation insurance and cell phone protection, where the Ink Business Cash® Credit Card does not.

How do the sign-up bonuses compare?

While the Ink Business Cash® Credit Card sign-up bonus offers users $750 in cash back, the Ink Business Preferred℠ Credit Card sign-up bonus is worth much more, regardless of how you redeem it.

Chase points are typically worth 1 cent per point and when redeemed through Chase Ultimate Rewards®, can be worth 25% to 50% more. We estimate the bonus earned with the Ink Business Preferred℠ Credit Card to be worth $1,000 in statement credits, $1,250 when redeemed through the Chase Ultimate Rewards® portal, and around $2,000 when transferred to a Chase travel partner.

Card
Sign-up bonus
Ink Business Cash® Credit CardEarn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
Ink Business Preferred℠ Credit CardEarn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

How do additional features compare?

Each of these cards also include other benefits that make them valuable and distinguish them from one another.

Chase Ink Business Cash® Credit Card

  • 0% intro APR offer — With the Chase Ink Business Cash® Credit Card, consumers get a 0% Intro APR on Purchases for 12 months, followed by an APR of 13.24% - 19.24% Variable. This can be great for businesses just starting out who could use a bit of wiggle room when it comes to paying off large start up expenses.

Chase Ink Business Preferred℠ Credit Card

  • Trip cancellation insurance — Chase Ink Business Preferred℠ Credit Cardholders get access to an up to $5,000 per person and $10,000 per trip reimbursement for prepaid, non-refundable travel expenses, including passenger fares, tours and hotels. This applies when your trip is cancelled or cut short due to sickness, inclement weather and other covered reasons.
  • Cell phone protection — When you pay your phone bill with your Ink Business Preferred℠ Credit Card, you and every employee listed on your phone bill are covered against theft and damage for up to $600 per claim with $100 deductible, and up to three claims per year.
  • No foreign transaction fees — For businesses with interests abroad, a card that doesn't charge foreign transaction fees is a must. The Chase Ink Business Preferred℠ Credit Card can save you significant amounts of money on fees when you use your card internationally.

Benefits offered by both cards

It’s worth noting that certain benefits come on both cards, so you won’t be missing out on these, regardless of the card you choose to go with.

  • Employee cards at no additional cost — You can add multiple employees to your account at no cost. Their purchases will earn cash back or points that count toward a single maximum.
  • Access to Mobile Ink app — This app allows you to keep track of the purchases, and manage employee cards.
  • Extended warranty protection — You can add an additional year to a U.S. manufacturer’s warranty, on eligible warranties of three years or less.
  • Purchase protection — Both cards cover your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
  • Auto Rental Collision Damage Waiver — Both cards offer protection against theft and damage of a rental vehicle, if you decline the rental company's collision insurance and charge the entire rental cost to your card. The insurance is primary when you rent for business purposes.

Which card should you get?

Best for high-spending travelers: Ink Business Preferred℠ Credit Card

On Chase's Secure Website

Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

$95

15.99%-20.99% Variable

720 - 850

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account

Pros

  • Earns Chase Ultimate Rewards®
  • Solid earning rate
  • Generous sign-up bonus
  • Numerous business perks
  • $0 foreign transaction fees

Cons

  • $95 annual fee

The Ink Business Preferred℠ Credit Card is the card to have for anyone running a high-spending company that’s also involved in a lot of travel. The card earns 3X points on a variety of common business purchases, including travel (for a max of $150,000 in purchases each year). On top of all of this, you can Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s a lot of potential points.

Not to mention, these points are valuable when you use them for travel. You can redeem them through the Chase Ultimate Rewards® travel portal for a 25% bonus or transfer them to a Chase hotel or airline partner for a bigger boost. These points can come in handy when it comes to funding company travel.

However, the rewards come at a cost. The card charges a $95 annual fee, so you'll want to make sure your business can afford the fee before committing to the card.

Best for no annual fee: Ink Business Cash® Credit Card

On Chase's Secure Website

Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.

$0

13.24% - 19.24% Variable

720 - 850

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • 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 purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases

Pros

  • $0 annual fee
  • Excellent rewards rate
  • Numerous business benefits
  • Valuable sign-up bonus

Cons

  • Cap on bonus categories
  • Less business benefits than the Ink Business Preferred℠ Credit Card

The Ink Business Cash® Credit Card is best-suited for business owners who don't travel frequently and prefer to earn rewards on more traditional expenses, including office supplies and internet services. If your expenses line up with its 5% categories, the Ink Business Cash® Credit Card can be a solid option. Since it doesn't charge an annual fee, it's a good option for businesses on a budget.

However, its 5% and 2% categories come with a much lower $25,000 annual cap (versus $150,000 for the Ink Business Preferred℠ Credit Card's bonus categories). This cap makes it better suited for businesses with a smaller budget.

Why not sign up for both cards?

Though it’s advertised as a cash back credit card, the Ink Business Cash® Credit Card actually earns Chase Ultimate Rewards® points. These points can be pooled with a premium Chase card, including the Ink Business Preferred℠ Credit Card.

You can dedicate your Ink Business Cash® Credit Card to purchases that earn 5% or 2%. Then, you can move these points to your Ink Business Preferred℠ Credit Card to take advantage of it's 25% travel portal bonus and its point transfer partners.

Since the Ink Business Cash® Credit Card doesn't charge an annual fee, there's not much of a downside to keeping it open as a companion card to your Ink Business Preferred℠ Credit Card.

Alternative business card options

Before you decide on opening a new credit card, it’s worth considering other credit cards for small business, including the Capital One Spark Cash Plus:

Capital One Spark Cash Plus

For cardholders who value simplicity and don’t want to deal with specialized spending categories, the Capital One Spark Cash Plus will be an appealing alternative. It offers a flat rate of 2% Cash Back on every purchase. Note that the Capital One Spark Cash Plus card has a $150 annual fee. Therefore, you'll want to make sure you are getting enough out of this card to justify paying for it.

FAQs

Is Chase Ink Business Preferred℠ Credit Card metal?

The Chase Ink Business Preferred℠ Credit Card is not metal, it's plastic.

How often can you get Chase Ink Business Preferred℠ Credit Card bonus?

The Chase Ink Business Preferred℠ Credit Card sign-up bonus is a one-time offer for new cardholders who Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

Does Chase Ink have an annual fee?

The Chase Ink Business Cash® Credit Card does not charge an annual fee, and the Chase Ink Business Preferred℠ Credit Card charges a $95 annual fee.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).