Chase Freedom Rise vs. Ink Business Preferred® Credit

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Chase Freedom Rise<sup>℠</sup> Chase Freedom Rise Ink Business Preferred® Credit Card Ink Business Preferred® Credit Card
8.3MyCreditCardLab Score

MyCreditCardLab Score 8.3

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
10
Intro APR
5.1
Regular APR
8.4
Rewards
8.3
Benefits
7.9
Welcome Bonus
8.3
Recommended Credit Score: 9
Foreign Transaction Fee: 8.8
Cash Advance Fee: 8.5
Balance Transfer Fee: 8.2
8.8MyCreditCardLab Score

MyCreditCardLab Score 8.8

We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score.

Annual Fee
9
Intro APR
7
Regular APR
9
Rewards
9.2
Benefits
8.8
Welcome Bonus
9.1
Recommended Credit Score: 9.3
Foreign Transaction Fee: 10
Cash Advance Fee: 8.6
Balance Transfer Fee: 7.9
ANNUAL FEE
$0 $95
INTRO APR
None No any intro offer of this card
REGULAR APR
26.74% Variable APR 21.24% - 26.24% Variable APR
PROS
  • No annual fee
  • Unlimited 1.5% cash back on every purchase
  • Earns rewards
  • Does not require security deposit
  • Autopay bonus
  • 100,000 points initial rewards bonus
  • No foreign fee
  • Earns up to 3 points per dollar or purchases
  • No blackout dates
  • Many redemption categories
CONS
  • No bonus categories
  • High APR
  • Foreign fee
  • Includes an annual fee
  • Not all point transfers are instant
WELCOME BONUS
Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account. 100,000 bonus points after spending $8,000 on purchases in the first three months from account opening
REWARDS
Chase Freedom Rise Rewards program boasts exceptional flexibility in credit currency. Redeem your earnings through a multitude of options, including:
  • Earn 1.5% cash back on all your purchases with the Chase Freedom Rise Credit Card.
  • Score a $25 statement credit when you sign up for autopay within 3 months of opening your account (terms apply).
  • No annual fee or minimum redemption requirements, it's a hassle-free way to earn rewards.
Ink Business Preferred® Credit Card Rewards stand out as a highly versatile credit currency, offering a myriad of redemption options to suit your preferences. You can utilize your rewards in a variety of ways, including:
  • You earn 3 points per $1 on the first $150,000 spent. This is for travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • 1X points on all other purchases
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • Member FDIC
BENEFITS
Building credit - Designed for those new to credit, with potential for credit line increase. It's best for students. Simple rewards - Flat 1.5% cash back on all purchases, no categories to remember. No annual fee - Keep your rewards without worrying about yearly charges. Free credit monitoring - Track your progress and learn credit-building tips. $25 bonus - Get a statement credit for setting up autopay within 3 months. No additional cost for employee cards - You can multiply your points balance. Do this by adding your employees as authorized users on the card. Know this: the main cardholder or business is responsible for all purchases on them. Car rental collision damage waiver - This is coverage for business car rentals. You won’t have to use your insurance first. Travel and emergency assistance services - It includes medical and legal referrals. They help if you run into trouble while traveling. The cardholder will pay for any extra service costs. Cellphone protection - The primary cardholder and any authorized employee cardholders get cellphone protection. It covers them if they pay their cellular bills with the card. It covers up to $600 per claim (and up to $1,800 per 12 months) with a $100 deductible. They can make up to three claims per year. Purchase protection - New purchases are covered for 120 days against damage or theft for up to $10,000 per claim and $50,000 per account.
CASH ADVANCE FEE / APR
Either $10 or 5% of the amount of each transaction, whichever is greater. 29.99% variable, plus a fee of either $15 or 5% of the amount of each transaction, whichever is greater
BALANCE TRANSFER FEE
$5 or 5% of the amount of each transfer, whichever is greater 21.24% - 26.24% variable, plus a fee of either $5 or 5% of the amount of each transfer, whichever is greater
RECOMMENDED CREDIT SCORE
690 - 580 (Fair - Poor) 690 - 850 (Fair - Exceptional)
FOREIGN TRANSACTION FEE
3% $0
BEST FOR
  • Students
  • Bad Credit
  • Everyday Spending
  • Travelers
  • Small Business Owners
  • Foreign Travel
  • Rewards Points Enthusiasts
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