Ink Business Preferred® Credit Card vs Cash Magnet
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
Ink Business Preferred is an excellent credit card for the modern small business. How does it compare to Cash Magnet from American Express, a cash back card? Read our comparison chart below.
Keep in mind, the Ink Business Preferred has a
Ink Business Preferred® Credit Card | American Express Cash Magnet® Card | |
---|---|---|
Credit Card Interest Rates & Fees | ||
Introductory APR for Purchases | N/A | 0% introductory APR on purchases for 15 months |
Purchase APR | 21.24% to 26.24% Variable based on your creditworthiness and other factors | 19.24% to 29.99% Variable based on your creditworthiness and other factors |
Balance Transfers APR | 21.24% to 26.24% Variable based on your creditworthiness and other factors | N/A |
Foreign Transaction Fee | $0 | 2.7% of each transaction after conversion to US dollars. |
Annual Fee | ||
Credit Card Rewards & Benefits | ||
Introductory Bonus Cash Back | Earn a $200 statement credit after you spend $2,000 or more in purchases with your new Card within the first 6 months of Card Membership. | |
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 Rewards | Unlimited 1.5% Cash Back on your purchases. | |
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 & Cons | Pros:
| |
Bottom Line | Excellent credit card for the modern small business... | |
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 American Express Cash Magnet® Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer. Cash Magnet: Pricing information including interest rates, benefits and fees was obtained on July 27, 2023 from published websites and is believed to be accurate, but not guaranteed. |
Articles on Ink Business Preferred® Credit Card
Ink Business Preferred Review
Chase Ink Preferred Credit Score
Which Do You Like and Why?
Compare Ink Business Preferred to:
|
|
|
You might also be interested in
Best Business Bank Account
Compare Cash Magnet to:
|
|
|