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Bank of America Business Cash Rewards vs Ink Business Preferred

Compare Rewards, Interest Rates, Fees, and Benefits

Chase is a CreditDonkey partner. We receive compensation if you apply and get approved for a card through links in our content. You do not have to use our links, but you help support CreditDonkey if you do. (read more)

Bank of America Business Cash Rewards is a business credit card. How does it compare to Ink Business Preferred from Chase? Read our comparison chart below.

Keep in mind, the Bank of America Business Cash Rewards has a $0 annual fee, while the Ink Business Preferred has a $95 annual fee.

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Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

Ink Business Preferred® Credit Card

 

Credit Card Interest Rates & Fees

Introductory APR for Purchases0% introductory APR on purchases for 9 billing cyclesN/A
Purchase APR18.49% to 28.49% Variable APR on purchases based on your creditworthiness and other factors21.24% to 26.24% Variable based on your creditworthiness and other factors
Balance Transfers APR18.49% to 28.49% Variable APR on balance transfers based on your creditworthiness and other factors21.24% to 26.24% Variable based on your creditworthiness and other factors
Foreign Transaction Fee3% of the amount of each transaction. $0
Annual Fee$0 annual fee$95 annual fee
 

Credit Card Rewards & Benefits

Introductory Bonus Cash BackGet a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee and cash rewards don't expire. 
Introductory Bonus Offer Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Cash Back RewardsEarn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases.
You'll get 3% and 2% cash back for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
 
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.
1:1 point transfer to leading airline and hotel loyalty programs
Airline Rewards 1:1 point transfer to leading airline and hotel loyalty programs
Hotel Rewards 1:1 point transfer to leading airline and hotel loyalty programs
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.
Airline Transfer Partners Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air Canada, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, and Aer Lingus.
 

CreditDonkey® Credit Card Reviews

Pros & ConsPros:
  • Earn 100,000 bonus points
  • Earn 3 points per $1 in select business categories
  • Protection benefits
  • Airline transfer partners
Cons:
  • $95 annual fee
  • No introductory APR
Bottom LineExcellent credit card for the modern small business... Read full review
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See issuer's website for details including terms and conditions. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. When you click on the Apply Now button, you can review the terms and conditions on the issuer's website.

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the issuer's website for details.

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.

Disclaimer: The information for the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Bank of America Business Cash Rewards: Pricing information including interest rates, rewards, benefits and fees was obtained on August 1, 2023 from published websites and is believed to be accurate, but not guaranteed.

Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Bank of America Business Cash Rewards or Ink Business Cash.


Articles on Ink Business Preferred® Credit Card

Chase Ink Preferred Review

Looking for a new business credit card? Ink Business Preferred® offers more than a sign up bonus. Read this review to see if the benefits are worth it.

Chase Ink Preferred Credit Score

Chase Ink Business Preferred® usually requires a high credit score (720+). But this is not the only deciding factor. Find out how to improve your odds.

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About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*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.

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