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Chase Ink Business Preferred Versus Ink Business Cash

Chase Ink Business Preferred Versus Ink Business Cash

Million Mile SecretsChase Ink Business Preferred Versus Ink Business CashMillion Mile Secrets Team

Small business owners looking to earn cash back or free travel can do well with the Chase Ink Business Preferred OR Ink Business Cash Credit Card.

Chase Ink Business Preferred Vs Ink Cash
Team Member Keith Has Both Chase Ink Cards! If There’s Only Room in Your Wallet for One of Them, I’ll Help You Decide Between the Two!

Both cards offer valuable sign-up bonuses and earn my favorite kind of flexible rewards points!  And it’s possible to have both cards because they’re considered different card products.

If you’re looking to replace a dusty old card or are a business owner who’s new to miles & points, I’ll help you decide between the Chase Ink Business Preferred vs. Ink Cash.

Chase Ink Business Preferred vs Ink Cash

Link:  Step-by-Step: How to Complete a Chase Business Card Application

Deciding between the Chase Ink Business Preferred and the Ink Business Cash isn’t as simple 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!

Chase Ink Business Preferred Vs Ink Cash
Some Small Business Owners Might Prefer to Earn Valuable Travel Rewards to Save Money on Vacations to Destinations Like Florence!

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 folks with small businesses 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.

And you do NOT need an existing Chase business banking relationship in order to apply for their business credit cards.

Let’s take a look at the offers and perks on both cards.

Chase Ink Business Preferred 80,000-Point Offer

Link:   Chase Ink Business Preferred

Link:   My Review of the Chase Ink Business Preferred

With the Chase Ink Business Preferred card, you’ll earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening.

You can redeem the sign-up bonus for $800 in cash back OR $1,000 in travel by booking airfare, hotel stays, or car rentals through the Chase’s travel portal (with no blackout dates!).

You’ll also get:

The card has a $95 annual fee.

Ink Business Cash $500 Cash Back (50,000-Point) Offer

Link:   Ink Business Cash Credit Card

Link:   My Review of the Increased Ink Business Cash Offer

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 3 months of account opening.

That’s the highest bonus I’ve ever seen on this card.  And it also comes with:

  • 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
  • Primary car rental insurance (CDW) when renting for business purposes, covering damage to your rental car due to theft or collision when you pay with your Chase Ink Cash card.  Secondary coverage when renting for personal reasons
  • NO annual fee

Side-by-Side of Important Purchase and Travel Protection 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 Warranty1 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 5 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

So Which Card Wins: Chase Ink Business Preferred vs Ink Cash

The best card for your wallet depends on your preferences and travel goals.  These are some important things to think about when deciding between both cards:

Do You Prefer Travel Rewards or Cash Back?

Would you rather get Big Travel with Small Money or earn straightforward cash back?

The Ink Business Preferred card is great for Big Travel because you can transfer points you earn directly to Chase’s great travel partners.  Million Mile Secrets team member Keith uses points this way to book United Airlines Business Class award tickets.  Or to book Southwest flights and take advantage of his Companion Pass.

Chase Ink Business Preferred Vs Ink Cash
Team Member Keith Transfers Points From His Ink Business Preferred Account to Southwest to Book Flights to Beautiful Destinations, Like Northern California!

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.  So you can NOT transfer points directly to Chase airline and hotel partners.  

But if you pair your Ink Business Cash card with another eligible Chase card, you can combine your points and transfer them to travel partners.


It’s simple to combine points.  But it’s an extra step some folks might not want to bother with.

That said, Million Mile Secrets team member Scott uses his Ink Business Cash frequently for business meals and to pay his home office internet bill.  Then, he moves the Chase Ultimate Rewards points he accumulates to his Chase Sapphire Preferred.  That’s how he books free beachside stays at all-inclusive Hyatt resorts, like the Hyatt Zilara Cancun.

Chase Ink Business Preferred Vs Ink Cash
Ink Business Cash Cardholders Can Get Big Travel! But You’ll Have to Pair Your Card With Another Eligible Chase Ultimate Rewards Point Earning Credit Card. This Way, You Can Combine Points and Transfer Them to Travel Partners, Like Hyatt!

An Extra 30,000 Chase Ultimate Rewards Points Are Definitely Worth $95!

With the sign-up bonus from the Chase Ink Business Preferred card, you’ll earn an extra 30,000 Chase Ultimate Rewards points compared to the Chase Ink Cash (80,000 points vs 50,000 points).

At a minimum, these points are worth $300 in cash back.  So even after paying the $95 annual fee, you’ll still come out $205 ahead (30,000 points = $300 cash back – $95 annual fee).

But you can potentially use 30,000 Chase Ultimate Rewards points for $1,000+ worth of travel.  For example, you can transfer these points to Hyatt and book a free night at a luxury hotel, like the Park Hyatt Sydney.  Room nights that at this hotel cost more than $1,000 if you pay cash!

Chase Ink Business Preferred Vs Ink Cash
If Your’e Savvy, the Extra 30,000 Points With the Ink Business Preferred Sign-Up Bonus Can Be Worth $1,000 in Travel! That’s Enough Points for a Free Night at Top Tier Hyatt Hotels, Like the Park Hyatt Sydney!

Consider Your Small Business Spending Habits

It’s worth considering your spending habits when comparing these cards.

For example, the Chase Ink Cash card earns 5X rewards on purchases at office supply stores.  And the Chase Ink Business Preferred does NOT.  I know lots of small business owners spend a decent amount in that category.  So it could be worth earning a smaller sign-up bonus in the near term and making it up with bonus points from business purchases in the future!

Chase Ink Business Preferred Vs Ink Cash
If You Make Frequent Purchases at Office Supply Stores, the Ink Business Cash Might Be a Better Option Because You’ll Earn 5% Cash Back (5X Bonus Points!)

That said, consider if your business spends a lot on travel.  In that case, the Ink Business Preferred card is a better option.  Because it earns 3X bonus Chase Ultimate Rewards points for travel expenses.  And the Ink Business Cash card does NOT include travel in any bonus categories.

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 for MOST Chase cards.

Bottom Line

The increased $500 cash back Ink Business Cash card offer makes it harder to decide between it and the Ink Business Preferred card.

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 Big Travel with Small Money!  The 80,000-point sign-up bonus is worth $1,000 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.

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

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Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem 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 no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

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.