Ink Business Preferred® Credit vs. American Express Blue Cash Everyday®

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Ink Business Preferred® Credit Card Ink Business Preferred® Credit Card American Express Blue Cash Everyday<sup>®</sup> Card American Express Blue Cash Everyday® Card
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
8.9MyCreditCardLab Score

MyCreditCardLab Score 8.9

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
7
Regular APR
9.5
Rewards
8.6
Benefits
8.7
Welcome Bonus
9.3
Recommended Credit Score: 9.2
Foreign Transaction Fee: 9.1
Cash Advance Fee: 9.1
Balance Transfer Fee: 8.3
ANNUAL FEE
$95 $0
INTRO APR
No any intro offer of this card 0% intro APR on Purchases for first 15 months and 0% intro APR on Balance Transfers for first 15 months on qualifying balance transfers
REGULAR APR
21.24% - 26.24% Variable APR 19.24% - 29.99% Variable APR
PROS
  • 100,000 points initial rewards bonus
  • No foreign fee
  • Earns up to 3 points per dollar or purchases
  • No blackout dates
  • Many redemption categories
  • $200 welcome bonus offer
  • High rewards rate
  • Introductory APR offer on purchases and balance transfers
  • Cell phone protection
CONS
  • Includes an annual fee
  • Not all point transfers are instant
  • $1,500 limit on 5% cash back
  • 2.7% foreign transaction fee
  • Balance transfer fee
  • Requires good - excellent credit
WELCOME BONUS
100,000 bonus points after spending $8,000 on purchases in the first three months from account opening $200 if you spend $2,000 in first 6 months
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
 American Express Blue Cash Everyday® 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:
  • 3% CASH BACK On Groceries At U.S. supermarkets, U.S. Online Retail Purchases and Gas At U.S. gas stations on up to $6,000 per year in purchases (then 1%)
  • 1% cash back on other purchases
  • Are you thinking about getting the Disney Bundle? It can include Disney+, Hulu, and ESPN+. You get $7/month back. It comes as a statement credit. But, you must spend $9.99 or more each month on an eligible subscription. The subscription must auto renew and you must use your Blue Cash Everyday® Card. Enrollment required.
BENEFITS
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. $84 Disney Bundle Credit - Get a $7 monthly statement credit. You get it after using your enrolled Blue Cash Everyday® Card to spend $9.99 or more each month on a Disney Bundle subscription. Valid only at DisneyPlus.com, Hulu.com, or Plus.espn.com in the U.S. Complimentary ShopRunner membership - Get free two-day shipping on eligible items at 100+ online stores. You can get it by enrolling in the free ShopRunner membership. Car rental insurance - When you use your card to pay for a rental and decline the collision damage waiver, you may get secondary auto coverage. This happens in an eligible place. American Express experiences - Get access to special ticket presales. You will also get invitations to events. These events are only for American Express card members. $180 Home Chef credit - Get up to $15 in credits per month. You get them when you pay for a Home Chef subscription with your card.
CASH ADVANCE FEE / APR
29.99% variable, plus a fee of either $15 or 5% of the amount of each transaction, whichever is greater 29.99% variable, Either $10 or 5% of the amount of each transaction, whichever is greater.
BALANCE TRANSFER FEE
21.24% - 26.24% variable, plus a fee of either $5 or 5% of the amount of each transfer, whichever is greater Enjoy 0% intro APR on purchases. Also, on balance transfers. It lasts for 15 months from account opening. After that, 19.24% to 29.99% variable APR.
RECOMMENDED CREDIT SCORE
690 - 850 (Fair - Exceptional) 700 - 749 (Fair - Good)
FOREIGN TRANSACTION FEE
$0 2.7%
BEST FOR
  • Travelers
  • Small Business Owners
  • Foreign Travel
  • Rewards Points Enthusiasts
  • Cash Back Seekers
  • Gas and Groceries
  • U.S. Supermarket Spending
  • Large Welcome Bonus
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