The Chase Ink Business Premier and Chase Ink Business Preferred are two highly popular business credit cards, each offering a range of rewards and benefits. While both cards share similarities, understanding their key differences is crucial in making an informed decision.
This article provides a comprehensive comparison of these two cards, helping business owners determine the best fit for their spending habits and travel goals.
Comparison of Chase Ink Business Premier and Chase Ink Business Preferred:
| Feature | Chase Ink Business Premier | Chase Ink Business Preferred |
|---|---|---|
| Welcome bonus | 100,000 bonus points after you spend $10,000 on purchases in the first 3 months after account opening. | 100,000 bonus points after you spend $8,000 on purchases in the first 3 months after account opening. |
| Rewards | 3x points on travel and dining, 2x points on shipping, and 1x points on all other purchases. | 3x points on travel and dining, 2x points on shipping, and 1x points on all other purchases. |
| Annual fee | $195 | $95 |
| Transferrable points | No | Yes |
| Other benefits | 5x points on flights booked through Chase Ultimate Rewards® when you use your points for travel, no foreign transaction fees, trip cancellation/interruption insurance. | 5x points on flights booked through Chase Ultimate Rewards® when you use your points for travel, no foreign transaction fees, trip cancellation/interruption insurance, primary car rental insurance. |
- Both cards offer substantial welcome bonuses, making them attractive options for new cardholders.
- Rewards structure is identical for both cards, with bonus points on travel, dining, and shipping.
- The Chase Ink Business Premier earns cash back, while the Chase Ink Business’s Preferred earns transferable points.
- Annual fees differ, with the Chase Ink Busines’s Premier having a higher fee of $195, compared to the Chase Ink Busines’s’s Preferred at $95.
- Additional benefits such as flight points, no foreign transaction fees, and insurance coverage vary slightly between the two cards.
Choosing the Right Card:
To determine the best card for your business, consider your spending habits and travel goals:
- If you frequently travel and value the option to transfer points to Chase’s travel partners, the Chase Ink Busines’s Preferred is the ideal choice.
- If cash back is more appealing and you don’t travel as often, the Chase Ink Busines s Premier is a suitable option.
When deciding between the Chase Ink Business Premier and Chase Ink Business Preferred,
carefully assess your business spending habits and travel aspirations. Comparing the benefits and rewards structure of each card will enable you to make an informed choice. Ultimately, selecting the card that aligns with your needs will maximize your business rewards and enhance your financial strategy.
