Chase Ink Business Preferred Card vs. Amex Business Gold Card [Detailed Comparison]

Business credit cards can serve a very important role in managing a business operation. While providing support for your business growth, credit cards can also help you manage your business by making it easier to track expenses and allowing key employees to make necessary business purchases.

A prudent business move is to ensure all of your expenses are earning rewards. Whether it’s cash-back, miles, or flexible transferable points, rewards currencies can return value back to your business to offset expenses or even fund your personal travel goals.

Today we’re looking at a Chase business credit card and an Amex business credit card that offer stellar rewards-earning possibilities, have flexible options at redemption time, and provide benefits that result in savings or help make your travel more comfortable.

The popular Ink Business Preferred^® Credit Card and the American Express^® Business Gold Card are both worthy considerations for your go-to business card, but one will stand taller than the other as a better fit for your business.

Join us as we dive into the attributes that make both of these cards a potential partner for rewarding your business cash flow.

Overview

The Value of a Welcome Bonus

Ink Business Preferred Card

Ink Business Preferred^® Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Learn More(at Chase's secure site)

Ink Business Preferred^® Credit Card

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Welcome Offer

Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠.

90,000 points

UP's Bonus Valuation*:

$1,800

Annual Fee

$95

APR

20.74% - 26.74% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Ink Business Preferred^® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.

Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.

Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.

Pros & Cons

Pros

• 3x Ultimate Rewards points per $1 on up to $150,000 in combined purchases on internet, cable and phone services, shipping expenses, travel, and ads purchased with search engines or social media sites
• Cell phone protection
• Purchase protection

Cons

• No elite travel benefits like airport lounge access

Read Full Review

Card Highlights

• Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
• 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
• Round-the-clock monitoring for unusual credit card purchases
• With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
• Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
• Points are worth 25% more when you redeem for travel through Chase Travel℠
• Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
• Member FDIC

Financial Snapshot

• APR: 20.74% - 26.74% Variable
• Foreign Transaction Fees: $0

Rewards Center

Chase Ultimate Rewards

Ultimate Rewards points earned on the Ink Business Preferred card — including the welcome bonus — can be redeemed for 1.25 cents per point for travel on the Chase Travel portal. Although welcome bonus offers vary, a 100,000-point welcome bonus, for example, could be worth $1,250 when redeemed towards travel — check out this Chase Ink business bonus to find out more.

Points can also be transferred to the Chase transfer partners and subsequently redeemed for tickets or hotel nights, resulting in the potential to receive even greater value.

Amex Business Gold Card

ELEVATED OFFER

Terms Apply / Rates & Fees

American Express^® Business Gold Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).

Learn More(at Amex's secure site)

American Express^® Business Gold Card

Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).

Welcome Offer

Earn 100,000 Membership Rewards^® points after you spend $15,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*

100,000 points

UP's Bonus Valuation*:

$2,200

Annual Fee

$375

APR

18.74% - 27.74% Variable,0% on purchases for 6 months from date of account opening

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The American Express^® Business Gold Card is excellent at racking up rewards for your business spend.

The card earns a whopping 4x points per $1 in the 2 categories (from a list of 6) that your business spends the most money on each month. With no need to opt-in or preselect your categories, so you can focus on what matters most — running your business.

Pros & Cons

Pros

• 4x points per dollar spent on your 2 highest purchase categories each month up to $150,000 each calendar year in purchases; categories include:
  • Transit purchases including trains, taxicabs, rideshare services, ferries, tolls, parking, buses, and subways
  • U.S. purchases made from electronic goods retailers and software & cloud system providers
  • Monthly wireless telephone service charges made directly from a wireless telephone service provider in the U.S.
  • U.S. purchases at gas stations
  • U.S. purchases at restaurants, including takeout and delivery
  • Purchases at U.S. media providers for advertising in select media (online such as Google Ads, Facebook Ads, plus TV and radio)
• 3x points per dollar on flights and prepaid hotels booked on amextravel.com using your Business Gold Card
• Access to Amex’s The Hotel Collection

Cons

• $375 annual fee (rates and fees)
• No elite travel benefits like airport lounge access or elite status

Read Full Review

Card Highlights

• Welcome Offer: Earn 100,000 Membership Rewards^® points after you spend $15,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
• 0% Intro APR ¤ for 6 months from the date of account opening on purchases eligible for Pay Over Time, then a 18.74% to 27.74% variable APR.*
• Earn 4X Membership Rewards^® points on the top two eligible categories where your business spends the most each month from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.*
• Earn 3X Membership Rewards^® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.*
• Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.
• Get up to a $12.95** statement credit back each month after you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. **Up to $12.95 plus applicable taxes on one membership fee.*
• The Business Gold Card now comes in three metal designs: Gold, Rose Gold and Limited Edition White Gold. White Gold design is only available while supplies last. Make your selection when you apply on Americanexpress.com.
• *Terms Apply

Financial Snapshot

• APR: 18.74% - 27.74% Variable,0% on purchases for 6 months from date of account opening
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 200k points with the Amex Business Gold card. The current public offer is 100,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

Membership Rewards points have a value of 1 cent per point when redeemed for qualifying travel. For this reason, a 100,000-point welcome bonus will be worth at least $1,000 towards qualifying travel.

Membership Rewards points are also transferable to airline and hotel partners, which could potentially provide more value than other redemption options.

Bottom Line: Typically, you’ll find a better value with the Ink Business Preferred card with its generous welcome bonus versus the Amex Business Gold card. However, be sure to compare current offers when applying for either card as welcome bonus offers change. 

Ultimate vs Membership Rewards Points

The Ink Business Preferred card and the Amex Gold Business card each earn their own valuable rewards currencies. Ultimate Rewards points are earned on the Ink Business Preferred card and Membership Rewards points are earned on the Amex Business Gold card.

Both types of rewards points are valuable because of the elevated multiple earnings rates on bonus categories and their flexibility at redemption time.

Let’s compare the earning potential and redemption possibilities for each card.

Earning Potential

Both the Ink Business Preferred card and Amex Business Gold card make it easy to earn rewards quickly, as they offer elevated earnings on common business expense category purchases.

Here’s how the 2 cards compare on earnings for business purchases:

Earning the maximum rewards possible on your business purchases requires aligning the category of purchases you make with the card that generously rewards those categories.

The Ink Business Preferred card has a nice selection of common business expense categories that can earn bonus points. If your greatest expenses fall into those categories, the card could be a good fit, as long as you’re spending $150,000 or less in those categories per cardmember year.

The Amex Business Gold card rewards your 2 highest expense categories automatically each statement period. This is a nice feature that ensures your largest expenses receive the highest 4x earnings. The card also imposes a $150,000 limit per cardmember year on 4x earnings.

Bottom Line: The best business rewards earning card will be the one that aligns with your highest business expenses and ensures every major purchase receives multiple times earnings. To get started, check out our guide to points and miles for business owners for some guidance.

Redemption Options

At redemption time, there will be several options to maximize the points you’ve earned on either card.

Whether you need to book a premium business flight to Europe or a transcontinental domestic flight for a last-minute meeting, redeeming your points for travel will result in the best value for your points.

It is also possible to use your points for personal travel.

Each reward currency offers several flexible redemption options — some yielding better value than others.

Let’s review the redemption options you’ll have with the Ink Business Preferred card and the Amex Business Gold card:

Whether you prefer to redeem your points for a fixed travel value or transfer the points to hotel or airline partners, you’ll have both options with either card.

You’ll find that Ultimate Rewards points can be redeemed via Chase Travel for 1.25 cents per point for travel, while Membership Rewards points can be redeemed for 1 cent per point for only airfare through AmexTravel.com.

One other noticeable difference between the cards is that Chase Ultimate Rewards points can be redeemed for 1 cent per point as a statement credit whereas Membership Rewards points receive just 0.6 cents per point when redeemed for charges.

Learn how to realize the best value for your rewards with travel partner transfer options on either card. Our guides will show you how to maximize your Membership Rewards transfers and Ultimate Rewards transfers.

Bottom Line: Redemption options vary in the value received for each reward point. The highest potential value for points earned on either card may be realized when transferring points to airlines and possibly hotel partners. 

Hotel Program Privileges

Ink Business Preferred Card

Visa Signature Luxury Hotel Collection

With over 1,000 properties worldwide, you’re sure to find the perfect hotel with the Luxury Hotel Collection. Once you do, you’ll receive a nice selection of benefits during your stay. There is no minimum stay required to receive these benefits:

• Room upgrade, if available
• Daily breakfast for 2
• Unique property amenity worth up to $100
• Complimentary Wi-Fi
• Early check-in and late checkout, if available

You’ll also find special discounted rates, stay credits, and third- or fourth-night free offers available for cardholders on the site.

Amex Business Gold Card

The Hotel Collection

Reserve a 2-night or longer stay through AmexTravel.com using your Amex Business Gold card and receive a room upgrade (subject to availability) and a $100 property credit at checkout towards purchases such as spa services, dining, and other qualifying on-site amenities.

Bottom Line: If you’re a frequent traveler, selecting a business credit card offering extra travel benefits could save you money and make your travel more comfortable. The Ink Business Preferred card and Amex Business Gold card each offer similar levels of benefits in these categories. 

Travel Protection and Insurance

If your business purchases a lot of travel, travel protection may come in handy.

Having rental car insurance can save you money, baggage and trip insurance can reimburse you for your losses, and not incurring foreign transaction fees can save you at least 3% on any such expenses.

Here’s how our featured cards stack up on key travel benefits and protections.

One of the key benefits of the Ink Business Preferred card is primary car rental insurance versus secondary car rental insurance with the Amex Business Gold card. The Ink Business Preferred card’s insurance is primary when renting for business or outside of the U.S. and secondary for personal rentals in the U.S. Secondary car rental insurance requires that you file a claim with your own insurance company first. You do, however, have an option with the Amex Business Gold card to purchase Premium Car Rental Protection for 1 flat low fee that provides coverage for the entire rental period.

Another key travel benefit is trip cancellation and interruption coverage that is offered on the Ink Business Preferred card but not on the Amex Business Gold card.

Additional Benefits and Protections

While rewards earning and redemption options are key to your card selection, benefits, protections, discounts, and statement credits can deliver additional value.

Shopping Benefits and Protections

Using your eligible business card for specific purchases allows you to receive benefits, protections, discounts, and even statement credits.

Here’s a sampling of the key purchase attributes of each card.

Business Management Tools

Both cards come with tools that assist you in managing your business such as annual summary statements, employee cards, online and mobile account management, and account alerts.

Note that these summaries are not comprehensive lists of all benefits on each featured card — we’ve also abbreviated the benefit descriptions. You’ll want to learn more about the accompanying terms and conditions and complete descriptions of each benefit and protection by referencing the specific card’s Guide to Benefits.

Bottom Line: You might not consider selecting a specific business card for its benefits and protections alone, but these amenities offer value if you need to use them. For example, a single cell phone protection claim could make the Ink Business Preferred card worth having. A 2-year extension on a manufacturer’s warranty could cover an expensive piece of office equipment and make the Amex Business Gold card worthwhile. 

Fees and Adding Additional Users

Annual Fees

Annual fees can change periodically, but the Ink Business Preferred card has always provided value beyond its low $95 annual fee. The Amex Business Gold card has a higher fee of $375, so you’ll need to find extra value in earnings, redemption preferences, and benefits provided on the card to negate this higher expense.

Adding Additional Users

There is no additional cost to add employees or other authorized users to the Ink Business Preferred card. Authorized users share in benefits such as cell phone protection and trip cancellation, interruption, and delay coverage.

The Amex Business Gold card charges an annual fee for employee cards of $95 for the first five cards and then $95 for each card thereafter, up to 99 cards (rates & fees).

Foreign Transaction Fees

Neither card charges a foreign transaction fee.

Final Thoughts

When we compare earnings on these 2 cards, we find that up to $150,000 in purchases on the Ink Business Preferred card earn 3x rewards in bonus category purchases. The Amex Business Gold card earns 4x rewards, also on purchases up to $150,000. This results in a difference that favors the Amex Business Gold card.

This scenario, of course, makes the assumption you would be maxing out bonus category purchases on either card. The actual mix of your purchase categories will determine which card provides better earning potential for your situation.

When it comes to redemptions, an edge goes to the Ink Business Preferred card for the ability to redeem for general travel (versus just airline tickets) at 1.25 cents per point. However, with the ability to transfer points to airline/hotel partners, there is a greater potential value for points earned on either card.

Amex also has some transfer partners that could tip the scales in favor of Amex over Chase for the right person.

In the area of travel benefits, the Ink Business Preferred card is the winner with key benefits such as cell phone protection and trip interruption/cancellation providing tremendous value.

In the end, the card that makes sense for your business rewards all of your major business purchases, allows you to redeem those rewards for value that makes a difference in your bottom line (business or personal), and delivers benefits that you or your business can use.

*No Preset Spending Limit on an American Express card means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history.

For the car rental collision damage coverage benefit of the American Express^® Business Gold Card, car rental loss and damage insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the commercial car rental company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and benefit level varies by card. Terms, Conditions and Limitations Apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the baggage insurance plan benefit of the American Express^® Business Gold Card, baggage insurance plan coverage can be in effect for eligible persons for eligible lost, damaged, or stolen baggage during their travel on a common carrier (e.g. plane, train, ship, or bus) when the entire fare for a common carrier vehicle ticket for the trip (one-way or round-trip) is charged to an eligible account. Coverage can be provided for up to $1,250 for carry-on baggage and up to $500 for checked baggage, in excess of coverage provided by the common carrier (e.g. plane, train, ship, or bus). For New York state residents, there is a $10,000 aggregate maximum limit for all covered persons per covered Trip. Eligibility and benefit level varies by card. Terms, conditions and limitations apply.  Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the purchase protection benefit of the American Express^® Business Gold Card, purchase protection is an embedded benefit of your card membership and requires no enrollment. It can help protect covered purchases made on your eligible card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the covered purchase date. The coverage is limited up to $10,000 per occurrence, up to $50,000 per card member account per calendar year. Coverage limits apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the extended warranty benefit of the American Express^® Business Gold Card, when an American Express^® card member charges a covered purchase to an eligible card, extended warranty can provide up to one extra year added to the original manufacturer’s warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your card for the item up to a maximum of $10,000; not to exceed $50,000 per card member account per calendar year. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the cell phone protection benefit of the Amex Business Gold card, coverage for a stolen or damaged eligible cellular wireless telephone is subject to the terms, conditions, exclusions and limits of liability of this benefit. The maximum liability is $800, per claim, per eligible card account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per eligible card account per 12 month period. Eligibility and benefit level varies by Card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.