Chase Ink Business Premier Card Review – Forbes Advisor

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

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

The Ink Business Preferred® Credit Card, which comes with an annual fee of $95, earns 3 points per dollar on the first $150,000 spent on travel and select 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, points are worth 1.25 cents each. In addition, Ultimate Rewards points from this card can be transferred to any of Chase’s airline or hotel program partners. This can allow for much higher redemption values ​​once transferred. Points can also be redeemed for 1.25 cents each in select categories through “Pay Yourself Back.”

It is easy to see that this may be the better card for lower spending businesses and for those with most of their purchases in the bonus categories, especially if you are looking to redeem for travel instead of cash back.

Chase Ink Business Premier* vs. American Express® Business Gold Card

With an annual fee of $295, the American Express® Business Gold Card (terms apply, see rates and fees) is positioned as a bit more of 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 select categories where a business spends the most each month. 1 point per dollar is earned for other purchases. The 4 point per dollar earning rate applies to the first $150,000 in combined purchases from the 2 eligible categories each calendar year. The variety of categories, which are chosen automatically based on your spending, mean that you have the best chance of maximizing your earnings in a given month, especially if your expenses vary.

When it comes to redeeming points, the American Express® Business Gold Card card has the Chase Ink Business Premier* beat for those who prefer to redeem for travel. First, you have the ability to transfer the points you earn to any of their over 20 airline or hotel partners for potential outsized value. Second, if you want a simpler redemption, you can book using points through American Express Travel and if you book a flight on your one selected airline or you book a flight in either business or first class on any airline, you get 25% of your points back. Those who want to redeem for cash back should know 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 maximize the spending in some of the six categories that earn additional points per dollar, but again, the bonused spend is limited. If your business spends a lot more than the cap, or if you want to redeem your rewards for cash back, then the unlimited earnings of the Ink Business Premier may be a better fit.

Chase Ink Business Premier* vs. American Express Blue Business Cash™ Card

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

This card is best for businesses that have lower overall spend and don’t spend a lot on travel or make large regular purchases over $5,000. For everyday spend outside of those two categories, this card earns points on par with the Chase Ink Business Premier*, without the annual fee. The benefits are significantly more limited, but the card does include extended warranty, purchase protection and secondary car rental loss and damage insurance.

Redeeming rewards with the Blue Business Cash is limited to statement credits, but the process couldn’t be easier. Your cash back will automatically be credited within two statements after 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, the Blue Business Cash comes with a 0% intro APR on purchases for 12 months from the date of account opening, then a 13.24% – 21.24% variable APR applies on purchases and balance transfers. Balance transfers must be completed within 60 days of account opening and a fee of $5 or 3%, whichever is greater applies. That can really help a small business get off the ground or purchase some much needed equipment that would otherwise have had to be paid in full.

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