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Updated July 3, 2018

Review: Chase Ink Business

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Which Chase business card is better for your small business? Read this in-depth comparison of the Chase Ink Cash, Ink Preferred, and Ink Unlimited.

Chase Ink business credit cards are great for small business owners. But they are very different and will appeal to different kinds of businesses.

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The Ink Cash and Ink Unlimited offers cashback rewards for no annual fee. The Ink Preferred offers travel rewards, but has a $95 annual fee. Which one is better for you?

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

Overview

Before we start, here's how the Ink Cash and Ink Preferred work in a nutshell:

 

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 APR14.99% to 20.99% Variable based on your creditworthiness and other factors17.74% to 22.74% Variable based on your creditworthiness and other factors
Balance Transfers APR14.99% to 20.99% Variable based on your creditworthiness and other factors17.74% to 22.74% 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 July 13, 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.

  • Ink Cash has no annual fee. It has a 5%/2%/1% cash back reward structure suitable for many businesses. Your points can be used for cashback or cash-equivalent rewards at the rate of 1 point = 1 cent.

  • Ink Unlimited has no annual fee. It earns an unlimited 1.5% cash back on all purchases.Your points can be redeemed at the rate of 1 point = 1 cent.

  • Ink Preferred has a $95 annual fee. It offers 3x points in popular business categories. Your points can be redeemed for travel on the Chase travel portal at 25% more value, or be transferred 1:1 to airline and hotel partners.

All 3 cards belong in the Chase Ultimate Rewards (UR) family of cards. Chase does allow you to carry more than one Ink card, so you can apply for another business credit card even if you already have one. With UR cards, you can combine points, along with points earned from consumer cards like Chase Freedom and Chase Sapphire Preferred.

With these major differences in mind, let's go over why you may prefer one over the other.

Why You May Prefer Chase Ink Business Cash

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Chase Ink Cash is great for smaller businesses looking for cash back. Here are some reasons why it may be better:

  • Cash bonus. You get a $500 bonus cash back when you spend $3,000 in purchases within the first 3 months.

  • If you spend a lot at restaurants and gas stations. 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. You get 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each year.

  • If you spend a lot on telecom services. You get more for internet, phone, and cable TV services with Ink Cash than with Ink Preferred (5x vs 3x points). So if you spend a lot on these services, you'll be able to get more rewards with this card.

  • Introductory APR. The card offers 0% intro APR on purchases and balance transfers for the first 12 months. After that, the regular APR is 14.99% - 20.99% Variable. This could be especially helpful for new or growing businesses that don't yet have steady cash flow. Or if your business has some larger initial purchases to make and you need time to pay them off.

  • No annual fee. There is no annual fee, so you can earn rewards no matter how small your business expenses are.

Who can apply for a Chase business card? You don't need a corporation to get a small business card. As long as you do something with the intention of making a profit, you can be eligible. For example, you can be an Etsy seller, a tutor, blogger, etc. You can apply with your name and SSN.

Why You May Prefer Chase Ink Business Preferred

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Ink Business Preferred
Apply for Ink Business Preferred Credit Card
Chase Ink Preferred is more geared towards businesses with travel needs. Here are some reasons why it may be better:

  • Huge sign-up bonus. The Ink Preferred has one of the best business card bonus we've seen. You get 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's worth $1,000 toward travel when you redeem through Chase Ultimate Rewards.

  • More points for travel. You get 3x points on all travel purchases. You can redeem your points for travel on the Chase travel portal at 25% more value (10,000 points = $125).

  • Transfer partners. You can also transfer your points 1:1 to Chase airline and hotel partners. They include popular airlines like United and Southwest. Transferring your points will allow you to use them for the best value.

  • 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, telecom, and advertising on social media and search engines each year.

  • No foreign transaction fee. You can take it on business trips abroad.

  • Cell phone protection. If you pay your cell phone bills with this card, you're insured against cell phone damage or theft for you and employees listed on the phone bill. You can get up to $600 per claim, up to 3 claims in a 12-month period. There is a $100 deductible per claim.

What kind of credit score do you need? Chase Ink business cards require excellent credit. This generally means a credit score of 720 or above. If you don't have prior business credit, Chase will look at your personal credit history when determining approval.

Why You May Prefer Chase Ink Business Unlimited

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Chase Ink Unlimited is good for businesses looking for cash back without the complexity of reward categories.

  • If your spending is varied. You get unlimited 1.5% cash back on every purchase you make. So the Unlimited will make more sense if the bonus categories for the other cards don't fit your business, or you tend to spend in lots of different areas.

    This card also makes a great companion to one of the other Chase business cards. You can use this card to get 1.5% cash back for all non-bonus purchases. This way, you maximize rewards on all your spending. You can combine your points to redeem rewards.

    If you use this with the Ink Preferred, you can combine your points unto the Preferred card. This way, you can redeem for travel for higher value.

  • Cash bonus. You get a $500 bonus cash back when you spend $3,000 in purchases within the first 3 months.

  • Introductory APR. The card offers 0% intro APR on purchases and balance transfers for the first 12 months. After that, the regular APR is 14.99% - 20.99% Variable. This is great for new businesses to get a breather on interest.

  • No annual fee. Earn rewards with no annual fee.

What You Get with Chase Ink Cards

  • Primary car rental insurance. You get primary coverage for theft and collision damage for most cars rented for business purposes when you decline the rental company's insurance.

  • Free employee cards. Track each card'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 by 1 year on items that come with an initial three-year or less eligible U.S. manufacturer's warranty.

But There are Downsides

Beware of these potential downsides for Chase Ink credit cards.

Downsides of the Ink Cash & Ink Unlimited:

  • Foreign transaction fee. The Ink Cash and Unlimited both have a foreign transaction fee. They charge an extra 3% of each transaction in U.S. dollars. So they're not the best for traveling abroad.

Downsides of the Ink Preferred:

  • No Introductory APR: There is no intro APR offer. And the regular APR is higher than Ink Cash's. So make sure you can pay off your balance in full every month.

  • $95 annual fee. Because of the annual fee, this card is not the best for completely new businesses. It's best for businesses with enough expenses to justify the fee.

Watch out: Chase Ink cards are under the 5/24 rule. This rule states that if you have opened 5 or more cards in the past 24 months (from ANY bank), you will not be approved for a new Chase credit card. If you've got your eye on one of these cards, prioritize this application over any others.

However, once you have gotten approved, the Chase business card will not add to the 5 card limit, since Chase business cards don't report to personal credit bureaus. This means you can then still apply for another Chase card.

Bottom Line

The best card for you ultimately depends on your business' spending. The Ink Cash is best for new businesses and those looking for cash back. The Ink Preferred is best used for travel redemptions. The two cards offer different bonus categories, so see which one matches your business expenses the best. And if none of their bonus categories fit your business spending, the Ink Unlimited will give you 1.5% cash back on all purchases.

Ink Business Preferred Credit Card
Apply for Ink Business Preferred Credit Card
At Chase's Secure Site
  • 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
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.74% - 22.74% Variable
$95

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 Chase Freedom, Ink Business Cash Credit Card, and Ink Business Unlimited 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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