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March 30, 2018

Chase Business Credit Card Offers

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Chase Ink Cash and Chase Ink Preferred are both great business cards. Which is better for your small business? We break down the differences.

Chase has two of the most popular business cards on the market: The Chase Ink Business Cash and Chase Ink Business Preferred.

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The Ink Business Cash offers great cash back rewards for no annual fee. The Ink Business Preferred offers good travel rewards, but has a $95 annual fee. The two cards give bonus points in different categories. Which one is better for you?

Read on to see which one is right for your business.

Rule of thumb: Ink Cash is best for businesses that spend at office stores, telecom services, gas stations, and dining out. While Ink Preferred is best for business that spend on travel, shipping, telecom services, and advertising on social media sites and search engines.

Ink Cash vs Ink Preferred

 

Ink Business Cash

Ink Business Preferred

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

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®

 

Interest Rates and Fees

Introductory APR for Purchases0% introductory APR for 12 monthsN/A
Introductory APR for Balance Transfers0% introductory APR for 12 monthsN/A
Purchase APR14.74% to 20.74% Variable based on your creditworthiness and other factors17.49% to 22.49% Variable based on your creditworthiness and other factors
Balance Transfers APR14.74% to 20.74% Variable based on your creditworthiness and other factors17.49% to 22.49% Variable based on your creditworthiness and other factors
Foreign Transaction Fee3% of each transaction in U.S. dollars$0
Annual Fee$0 annual fee$95 annual fee
 

Benefits and Features

Cash Back DealIntroductory Bonus Cash Back: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. 
Points Deal Introductory 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®
Cash BackCash Back Rewards: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year.
Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
 
Points Point 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 Partners 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.

Ink Business Cash: Pricing information including interest rates, benefits and fees was obtained on March 23, 2018 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Ink Business Cash Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Which Chase Business Credit Card Is Best for Startups?

If your business is new, go with Chase Ink Business Cash. It has no annual fee, so you can earn rewards even if you have very few expenses.

It has an introductory APR, which is great for new businesses that don't yet have a steady cash flow. That intro period will come in handy if there's a slow month and you can't make the payment. It's also good if you have some larger purchases to make for your business and need time to pay it off. The regular interest rate is also lower than the Ink Preferred.

Which Chase Business Credit Card Is Best for Contractors?

The two cards offer bonuses in different categories. So this comes down to what your business spends the most on.

  • If you regularly take your clients out to eat: The Ink Cash gives you 2% cash back on the first $25,000 spent in combined purchases at restaurants and gas stations each year.

  • If you spend a lot at office stores: The Ink Cash gives you 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each year.

  • If you spend a lot on shipping or advertising. The Ink Preferred gives you 3x points on the first $150,000 spent in combined purchases on travel, shipping, Internet, cable and phone services, and advertising on social media and search engines each year.

Which Chase Business Credit Card Is Best for Travel?

Ink Business Preferred
Apply for Ink Business Preferred Credit Card
If your business has travel needs, check out the Ink Preferred. You get 3x points on on the first $150,000 spent in select categories each account anniversary year, including travel purchases. You can use your points for 25% more value on the Chase travel portal, or transfer them 1:1 to Chase airline and hotel partners.

The Ink Preferred also has no foreign transaction fee, so you can take it abroad with you. You get primary coverage for theft and collision damage for most cars rented for business purposes. It also has various travel protections, like trip cancellation and lost luggage reimbursement.

Which Chase Business Credit Card Is Best for Rewards?

  • If your business spends at least $1,667 per MONTH: consider the Ink Preferred, as you'll be able to take advantage of the sign-up bonus.

  • If your business spends less than $7,600 per YEAR: go for the Ink Cash, as it has no annual fee.

But really, this depends on what your business spends most on. Look at the bonus categories for each card and see which one aligns more with your business.

Note: The Ink Preferred has an annual fee. You need to spend at least $2,534/year in the 3X bonus categories OR $7,600/year in other expenses to break even on the annual fee (assuming you redeem your points for travel on the Chase travel portal).

What You Get With All Chase Business Cards

  • Free employee cards. Track each employee's spending, set spending limits, and earn rewards from their purchases.

  • Free monthly statements: You get free monthly statements and quarterly management reports, with itemized and categorized expenses.

  • Purchase protection: You are covered if your eligible item is damaged or stolen within 120 days of purchase, for up to $10,000 per claim (and $50,000 per account).

  • Extended warranty protection: Extend the manufacturer's warranty for 1 year on items that come with an initial three-year or less eligible U.S. manufacturer's warranty.

Things to Know About Chase Business Credit Cards

  • Chase business cards are under the 5/24 rule. Chase's 5/24 rule states that if you've opened 5 or more credit cards in the past 24 months, you will not be approved for a new Chase card. So prioritize these applications if you want one of these cards.

  • They do not show up on your personal credit report. Chase does not report your business card activities to consumer credit bureaus, so your personal credit will not be affected.

  • You will need to provide business information. On the application, you will need to provide your business' annual revenue and Tax ID Number or Employer ID Number. Don't worry, even if you're a new business with no revenue, you can still apply. Read: How to Get a Business Credit Card.

  • You will have to sign a personal guarantee. This is a clause that states that you, personally, will repay any business debt. If you stop making payments on the card, Chase can come after you personally to recover the balance owed.

  • You need excellent credit. The Chase business cards require excellent credit. This usually means a credit of around 700+.

Which Small Business Card?

The right one for you depends on your business' needs and spending habits. The Ink Cash is primarily a cash back card, while the Ink Preferred is best used for travel redemptions.

Newer businesses may want to start out with the Ink Cash, as it has no annual fee and an intro APR. As the two cards give rewards in different bonus categories, it really depends on what your business spends on.

Remember: as with all credit card offers, terms and limitations apply.

Editorial Note: This content is not provided by Chase. 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 Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Ink Business Cash Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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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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