Chase Ink Business Premier Card Review – Forbes Advisor

Chase Ink Business Premier* vs. Ink Business Preferred® Credit Card

Although both of these calling cards are offered by Chase, there are significant differences in the earning and redemption structures of the two cards.

The Ink Business Preferred® credit card, which has a $95 annual fee, earns 3 points per dollar on the first $150,000 spent on travel and in certain business categories each account anniversary year. Earn 1 point per dollar on all other purchases.

On the redemption side, the points earned are worth more with the Ink Business Preferred Credit Card, as long as you want to redeem them for travel or select other categories. When booking with points through the Ultimate Rewards portal, the points are worth 1.25 cents each. Additionally, Ultimate Rewards points on this card can be transferred to any of Chase’s airline or hotel program partners. This can allow for much higher cash values ​​once transferred. Points can also be redeemed for 1.25 cents each in certain categories via “Get Refunded”.

It’s easy to see that this may be the best card for low-spend businesses and those who do most of their shopping in the bonus categories, especially if you’re looking to redeem for trips to the instead of cashback.

Chase Ink Business Premier* compared to the American Express® Corporate Gold Card

With an annual fee of $295, the American Express® Business Gold Card (conditions apply, see rates and fees) is positioned a little more like a premium card than the Chase Ink Business Premier.

The American Express® Business Gold Card earns 4 Membership Rewards® points per dollar on the 2 selected categories where a company spends the most each month. 1 point per dollar is earned for other purchases. The earn rate of 4 points per dollar applies to the first $150,000 of combined purchases of the 2 qualifying categories each calendar year. The variety of categories, which are chosen automatically based on your expenses, means you have the best chance of maximizing your income in any given month, especially if your expenses vary.

When it comes to redeeming points, the American Express® Business Gold Card has the Chase Ink Business Premier* fight for those who prefer to trade for travel. First, you have the option to transfer the points you earn to any of their 20+ airline or hotel partners for potentially outsized value. Second, if you want a simpler redemption, you can book using points through American Express Travel and whether you’re booking a flight on your selected airline or booking a flight in business class or first class on any airline, you get 25% of your tip back. Those wishing to redeem for cash back should be aware that Membership Rewards points can only be redeemed for 0.6 cents each for cash back.

This card is lucrative if you have the ability to max spend in some of the six categories that earn extra points per dollar, but again, bonus spend is limited. If your business spends significantly more than the cap, or if you want to redeem your rewards for cash back, Ink Business Premier’s Unlimited Earnings may be a better fit.

Chase Ink Business Premier* compared to the American Express Blue Business Cash™ card

If you want flat-rate cash back for your business without paying an annual fee, then the American Express Blue Business Cash™ Card (conditions apply, see rates and fees) should be on your radar. You can earn 2% cash back on all qualifying purchases up to $50,000 per calendar year, then 1%.

This card is ideal for businesses that have lower overall expenses and don’t spend a lot on travel or have large regular purchases over $5,000. For daily spend outside of these two categories, this card earns points on par with the Chase Ink Business Premier.*, without the annual fee. Benefits are much more limited, but the card includes extended warranty, purchase protection, and secondary car rental loss and damage insurance.

Redeeming rewards with Blue Business Cash is limited to statement credits, but the process couldn’t be easier. Your cash back will be automatically credited within two statements following the statement with the purchases on it. All you have to do is pay your bills on time. The rest is done for you.

Finally, in case your business needs a little extra time to pay off a large purchase, Blue Business Cash comes with an introductory APR of 0% on purchases for 12 months from the date of purchase. account opening, then a variable APR of 13.24% – 21.24%. applies to purchases and balance transfers. Balance transfers must be made within 60 days of account opening and a fee of $5 or 3%, whichever is greater, applies. It can really help a small business get started or buy some much-needed equipment that otherwise would have to be paid for in full.

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