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The Business Gold Rewards Card from American Express OPEN vs Ink Business Preferred℠ Credit Card

Compare Rewards, Interest Rates, Fees, and Benefits

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Business Gold Rewards Card is a good rewards card for established business owners who do not plan to carry a balance. How does it compare to Ink Business Preferred from Chase? Read our comparison chart below.

Keep in mind, the Business Gold Rewards Card has a $0 introductory annual fee for the first year, then $175, while the Ink Business Preferred has a $95 annual fee.

Charge Card vs Credit Card: The Business Gold Rewards Card from American Express OPEN is a charge card while Ink Business Preferred℠ Credit Card is a credit card. If you plan to carry a balance, avoid charge cards as they usually require that you pay in full.

 The Business Gold Rewards Card from American Express OPENInk Business Preferred Credit Card
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The Business Gold Rewards Card from American Express OPEN

Ink Business Preferred℠ Credit Card

 Business Charge CardBusiness Credit Card
 
  • Welcome Offer: Earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership
  • Get 3x points - Choose 1 out of 5 categories
  • Plus, 2X points on the 4 remaining categories and 1X points on other purchases
  • 3X and 2X apply to the first $100,000 in purchases in each of the 5 categories per year, 1X point per dollar thereafter
  • Track, organize, and stay on top of your business expenses with powerful expense-tracking tools
  • No foreign transaction fees
  • $0 introductory annual fee for the first year, then $175
  • Terms and limitations apply
  • See Rates & Fees
  • 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
 

Card Interest Rates & Fees

Purchase APRN/A17.49% to 22.49% Variable based on your creditworthiness and other factors
Balance Transfers APRN/A17.49% to 22.49% Variable based on your creditworthiness and other factors
Foreign Transaction FeeNo foreign transaction fee$0
Annual Fee$0 introductory annual fee for the first year, then $175$95 annual fee
 

Card Rewards & Benefits

Introductory Bonus Reward PointsIntroductory Bonus Reward Points: Welcome Offer: Earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card MembershipIntroductory Bonus Reward Points: 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®
Travel Rewards Travel Rewards: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
1:1 point transfer to leading airline and hotel loyalty programs
Airline Rewards Airline Rewards: 1:1 point transfer to leading airline and hotel loyalty programs
Hotel Rewards Hotel Rewards: 1:1 point transfer to leading airline and hotel loyalty programs
Point RewardsPoint Rewards: Get 3x points - Choose 1 out of 5 categories. 2X points on the 4 remaining categories and 1X points on other purchases. 3X and 2X apply to the first $100,000 in purchases in each of the 5 categories per year, 1X point per dollar thereafterPoint Rewards: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include Delta, Hawaiian Airlines, Aeromexico, Air Canada, Air France, Emirates, Cathay Pacific (Asia Miles), Virgin Atlantic, Singapore Airlines, Etihad, Alitalia, All Nippon Airways and more.Airline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, Virgin Atlantic, Iberia, and Aer Lingus.
 Go to issuer's official application, terms, and detailsGo to issuer's official application, terms, and details
 

CreditDonkey® Card Reviews

 The Business Gold Rewards Card from American Express OPENInk Business Preferred Credit Card
Pros & ConsPros:
  • Rewards
  • $0 introductory annual fee for first year
Cons:
  • $175 annual fee
  • Requires excellent credit
Pros:
  • Earn 80,000 bonus points
  • Earn 3 points per $1 in select business categories
  • Protection benefits
  • Airline transfer partners
Cons:
  • $95 annual fee
  • No introductory APR
Bottom LineGood rewards card for established business owners who do not plan to carry a balance... Read full reviewExcellent credit card for the modern small business... Read full review
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What Others View

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Which is Better: Business Gold Rewards Card or Ink Business Preferred?

Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Business Gold Rewards Card or American Express Business Platinum.


Explore The Business Gold Rewards Card from American Express OPEN In-Depth


Explore Ink Business Preferred℠ Credit Card In-Depth


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Compare Business Gold Rewards Card to:

American Express Business Platinum
Introductory Bonus Reward PointsTravel RewardsAirline RewardsBonus Airline RewardsHotel RewardsPoint RewardsNo Limits on RewardsNo Pre-Set Spending LimitConcierge Car Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionBaggage InsuranceTravel Accident Insurance$0 Fraud LiabilityEmergency Card ReplacementIdentity Theft Assistance Roadside Assistance
Card TypeAnnual Fee
Business Charge Card
$450

Business Green Rewards Card
Introductory Bonus Reward PointsPoint RewardsNo Limits on RewardsNo Pre-Set Spending LimitCar Rental InsuranceExtended WarrantyPurchase ProtectionBaggage InsuranceTravel Accident Insurance
Card TypeAnnual Fee
Business Charge Card
$0 introductory annual fee for the first year, then $95

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Compare Ink Business Preferred to:

Chase Sapphire Preferred

Chase Sapphire Preferred® Card

Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
N/AN/A
17.49% - 24.49% Variable
Annual Fee
$0 Intro for the First Year, then $95
SimplyCash Plus

SimplyCash® Plus Business Credit Card from American Express

Introductory Bonus Cash BackCash Back RewardsOffice RewardsCar Rental Insurance
Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
0% on Purchases for 9 months
N/A
13.74% - 20.74% Variable
Annual Fee
No annual fee
Chase Sapphire Reserve

Chase Sapphire Reserve®

Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
N/AN/A
17.49% - 24.49% Variable
Annual Fee
$450


About CreditDonkey®
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.