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Chase Ink Business Preferred versus Chase Ink Business Cash

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Chase Ink Business Preferred versus Chase Ink Business Cash

Meghan HunterChase Ink Business Preferred versus Chase Ink Business CashMillion Mile Secrets Team

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Deciding between the Ink Business Preferred® Credit Card and the Ink Business Cash Credit Card isn’t as simple as comparing sign-up bonuses and annual fees. The best Chase business card for your wallet depends on your personal situation. Certain business owners might prefer to earn straightforward cash back, while others love earning travel rewards to save money on vacations.

There are similarities between both cards, but also big differences. Like the (much!) bigger sign-up bonus on the Ink Business Preferred or the fact that the Ink Cash has no annual fee.

Keep in mind, you don’t need to own a multi-million dollar company qualify for Chase business cards. Even small businesses owners are eligible to apply for the card and earn the welcome bonus. For example, you could apply with your eBay selling business, Uber driving business, or real estate business using your social security number. The information for the Ink Business Preferred Credit Card and the Ink Business Cash has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

Let’s take a look at the offers and perks on both cards to help you decide which one might work for you.

(Photo by Mangostar/Shutterstock)

Chase Ink Business Preferred vs Chase Ink Cash

Best sign-up bonus

With the Chase Ink Business Preferred card, you’ll earn a whopping 100,000 Chase Ultimate Rewards points after you spend $15,000 on purchases in the first three months from account opening.

You can redeem the sign-up bonus for $1,000 in cash back or $1,250 in travel by booking airfare, hotel stays, or car rentals through the Chase’s travel portal (with no blackout dates!).

In comparison, with the increased Ink Business Cash offer, you’ll earn $500 cash back (50,000 Chase Ultimate Rewards points) after spending $3,000 in the first three months of account opening.

It’s clear to see that the welcome offer on the Chase Ink Business Preferred card is substantially more valuable.

Winner: Ink Business Preferred

Best earning rate

With the Chase Ink Business Preferred you’ll get:

  • 3X Chase Ultimate Rewards points for every $1 you spend on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites, and search engines (up to a maximum of $150,000 in combined purchases per account anniversary year)
  • 1X Chase Ultimate Rewards points on all other purchases

And with the Chase Ink Business Cash you’ll get:

  • 5% cash back (5X Chase Ultimate Rewards points) on the first $25,000 spent in combined purchases at office supply stores and on phone, internet and cable TV services each account anniversary year
  • 2% cash back (2X Chase Ultimate Rewards points) on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • 1% cash back (1X Chase Ultimate Rewards point) on all other purchases

As you can see, the maximum spending bonus category for the Ink Business Preferred is 3X versus the Ink Business Cash, which has a 5X bonus category. So if you spend a lot at office supply stores the Ink Business Cash is the better choice. But if you travel is one of your top spending categories then you’d be better off with the Chase Ink Business Preferred.

Winner: It depends on your spending habits

Best redemption value

If the Ink Business Cash is the only Chase Ultimate Rewards card you have, you can only redeem the points you earn for 1 cent each for cash back or toward travel. In comparison, the Ultimate Rewards points you earn with the Ink Business Preferred are worth 1.25 cents per point toward travel through the Chase Ultimate Rewards portal.

But with the Ink Business Preferred, you can get potentially more value from them by transferring the points you earn directly to Chase’s great travel partners like United and Southwest.

So the Ink Business Preferred is the winner at the most basic level. But it really comes down to whether you want to earn rewards to help offset the cost of travel or earn straightforward cash back.

Winner: Ink Business Preferred

Best annual fee

The Chase Ink Business Cash has no annual fee whereas the Ink Business Preferred‘s annual fee is $95. So at face value the Ink Business Cash is the better choice. But don’t forget that the welcome offer you’ll earn with the Ink Business Preferred will far outweigh the cost of the card’s annual fee.

Winner: Chase Ink Business Cash

Best additional benefits

Here’s a look at the protections you’ll get when you pay for travel or shop with the Chase Ink Business Preferred or Ink Business Cash.

CoverageChase Ink Business PreferredChase Ink Business Cash
Purchase Protection• Covered up to 120 days from the date of purchase in the event of theft, damage, or involuntary and accidental parting with property

• Up to the amount charged to your card, with a maximum of $10,000 for each claim and no more than $50,000 per account
• Covered up to 120 days from the date of purchase in the event of theft, damage, or involuntary and accidental parting with property

• Up to the amount charged to your card, with a maximum of $10,000 for each claim and no more than $50,000 per account
Extended Warranty• 1 extra year added to warranty of 3 years or less

• Up to the amount charged to your card less shipping and handling fees, with a maximum of $10,000, and no more than $50,000 per calendar year
• 1 extra year added to warranty of 3 years or less

• Up to the amount charged to your card less shipping and handling fees, with a maximum of $10,000, and no more than $50,000 per calendar year
Primary Rental Car Insurance• Cardholders covered when you rent a car with your card and decline the car rental agency's collision damage waiver

• Rental car insurance is primary when renting for business purposes in your country of residence or outside of the country. Otherwise, this coverage is secondary.

• Cardholders covered when you rent a car with your card and decline the car rental agency's collision damage waiver

• Rental car insurance is primary when renting for business purposes in your country of residence or outside of the country. Otherwise, this coverage is secondary.


Delayed Baggage• If your baggage is delayed for more than 6 hours, you could be reimbursed for emergency purchases of essential items (i.e. clothing, toiletries, cell phone charging cables, and more)

• Up to $100 per day for a maximum of 5 days
• If your baggage is delayed for more than 6 hours, you could be reimbursed for emergency purchases of essential items (i.e. clothing, toiletries, cell phone charging cables, and more)

• Up to $100 per day for a maximum of 3 days
Lost Luggage• Covers the cost to repair or replace lost luggage and personal items inside

• Up to $3,000 per person each trip with a limit of $500 for items such as jewelry and electronics
• Covers the cost to repair or replace lost luggage and personal items inside

• Up to $3,000 per person each trip with a limit of $500 for items such as jewelry and electronics
Trip Delay Protection• If your trip is delayed for more than 12 hours, you could be reimbursed for up to $500 per ticket for reasonable expenses (meals, lodging, toiletries, medication, and other personal use items)• No coverage
Trip Cancellation & Interruption Insurance• Up to $5,000 for per occurrence, if you pay for your trip with points you'll get a value of 1 cent per point
• No coverage
Foreign Transaction FeesNone3%
Guide to Benefits • See the Chase Ink Business Preferred Benefits Guide for more details• See the Chase Ink Business Cash Benefits for more details

Winner: Ink Business Preferred

Best worldwide acceptance

Both cards are Visa cards so they’re excepted equally around the globe.

Winner: Tie

It’s possible to get both cards!

You can get both cards as long as you’re not impacted by Chase’s 5/24 rule because the Chase Ink Cash and Ink Business Preferred are considered different card products.

Just remember, with Chase’s stricter approval rules, if you’ve opened ~5 or more credit cards (from any bank) in the past 24 months (excluding certain business cards), it’s unlikely you’ll be approved any Chase cards.

Bottom line

The Ink Business Cash card has no annual fee and the rewards you earn can potentially be more valuable if you pair it with another eligible Chase cards. But the Ink Business Preferred is a better option for folks looking to get the biggest bang for their buck. The huge 100,000-point sign-up bonus is worth $1,250 in travel if you book through the Chase travel portal. And you have the ability to transfer points directly to airline and hotel partners like Hyatt, Southwest, and United Airlines for potentially even more value.

Plus, Ink Business Preferred cardholders get perks like no foreign transaction fees, cell phone insurance, and travel protection for trip delays, cancellations, and interruptions.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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I am working on another minimum spend right now, so I would like to wait a week or 2. Do you know when the Chase Ink Business Cash offer ends?

Million Mile Secrets

We do NOT know when it will end, unfortunately. We’ll write a post when we hear, though! I very much doubt it will end within the next few weeks.

Another way to do it with (2) cards:
#1: Bus Cash: 5X on office supply; no AF
#2: Sapphire Reserve: 3X travel; $450 AF, but max $300 Travel credit bring annual cost down to $150, which is only $55 more than CSP, and you get higher bonus on travel (3X vs 2X), pt higher value of points (1.5 ct vs 1.25 ct).

Also get the benefit of Primary Coverage for car rental, when using the CSR card, vs using a business card with the potential of having to show a business purpose when filing a claim.

Million Mile Secrets

Agreed, all good points!

I have the now discontinued Chase Ink Bold and was wondering if you’d recommend getting the Ink Business Cash card. I do a lot of spending at office supply stores, which is how the Ink Bold caught my eye initially. But if I can avoid an annual fee, that’d be even better. Also, do you know if I’d be eligible for the sign up bonus? It’s been more than 2 years since I got my Ink Bold.

Thanks

Million Mile Secrets

You would be eligible for the sign-up bonus. But just make sure you are under the 5/24 rule before applying.

https://millionmilesecrets.com/2017/09/24/count-how-many-open-credit-cards/

Happy with our Chase Ink Cash cards — and transfer and use CUR points via Sapphire Reserve — that’s cool.

Yet cool to contemplate adding the Ink Business Preferred…. Quick question, have you or any readers seen any confirmation of recent reports/claims that using Ink Bus Pref. via Plastiq codes as travel? (and thus 3%) Rather dubious of this, or even if it’s true, how long it will last… It once did via CSR too….

Yes, I use the Ink Business Preferred to make payments through Plastiq and it codes as a 3X purchase.

Any purchase through Plastiq or only travel purchases?

Hi Karey — I’ve used Plastiq to pay my rent and utility bills and both have earned 3X points.

I have the CSR and let’s put it this way – I am a VERY good customer of theirs. So, when I applied for the Ink card, I was surprised how many hoops they made me jump through to qualify – and eventually they turned me down.

Would have loved to have the card – but they won’t give it to me.

Steve
http://www.travelingprofessor.com

Million Mile Secrets

That’s a bummer. Business card applications are a bit more complicated than personal applications for sure. And both versions of the Chase Ink card are subject to the 5/24 rule. So maybe that’s the reason you weren’t approved.