Ink Business Preferred® Credit vs. Ink Business Cash®

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Ink Business Preferred® Credit Card Ink Business Preferred® Credit Card Ink Business Cash® Card Ink Business Cash® 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
9.1
Regular APR
9
Rewards
9.3
Benefits
8.4
Welcome Bonus
9.4
Recommended Credit Score: 9.3
Foreign Transaction Fee: 7.3
Cash Advance Fee: 8.9
Balance Transfer Fee: 8.5
ANNUAL FEE
$95 $0
INTRO APR
No any intro offer of this card 0% intro APR on Purchases for 12 months, and then the ongoing APR of 18.49%-24.49% Variable APR.
REGULAR APR
21.24% - 26.24% Variable APR 18.49% - 24.49% Variable
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
  • No annual fee
  • 0% Intro APR period
  • Rewards don’t expire
  • Good welcome bonus
  • Earns up to 5% cash back.
CONS
  • Includes an annual fee
  • Not all point transfers are instant
  • $5 or 5% Balance transfer fee
  • 3% foreign transaction fee
  • Spending cap on bonus categories
  • Minimum 2,000 points required for a redemption
WELCOME BONUS
100,000 bonus points after spending $8,000 on purchases in the first three months from account opening Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
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
 Ink Business Cash® 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 5% cash back on the first $25,000 spent at office supply stores and on internet, cable and phone services. This is for each account anniversary year.
  • You earn 2% cash back. This is on the first $25,000 spent at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • Round-the-clock monitoring for unusual credit card purchases
  • With Zero Liability, you won't be held responsible for unauthorized charges. They are made with your card or account info.
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
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. Introductory APR - The Ink Business Cash® card typically offers an introductory 0% APR on purchases. It lasts for the first 12 months from account opening. it's helpfull for new businesses. This can help businesses make large purchases. They can pay them off over time without paying interest. Generous Cash Back Rewards - 5% cash back - Office internet, cable, and phone services. 2% cash back - gas stations and restaurants. 1% cash back - all other purchases with no limit Employee Cards at No Additional Cost - If you have multiple employees who will require additional cards issued, Business owners can issue employee cards for free. They can use the cards to easily manage and track employee spending. They can also earn rewards on their purchases. Remember, the 5% cash back category is capped at $25,000 per year across the account. It's not per authorized cardholder. Purchase Protection and Extended Warranty - The card provides purchase protection and covers new purchases against damage or theft for up to 120 days. It extends the time of the U.S. manufacturer's warranty by a year. This is for eligible warranties of 3 years or less.
CASH ADVANCE FEE / APR
29.99% variable, plus a fee of either $15 or 5% of the amount of each transaction, whichever is greater Either $15 or 5% of the amount of each transfer, 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 APR: 18.49% to 24.49% Variable, Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
RECOMMENDED CREDIT SCORE
690 - 850 (Fair - Exceptional) 690 - 850 (Fair - Exceptional)
FOREIGN TRANSACTION FEE
$0 3%
BEST FOR
  • Travelers
  • Small Business Owners
  • Foreign Travel
  • Rewards Points Enthusiasts
  • Cash Back Seekers
  • Small Business Owners
  • Everyday Spending
  • Gas and Groceries
  • Dining Out
More Details More Details

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