Edited by: Keri Stooksbury
& Juan Ruiz
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Regardless of the size of your business, managing business finances with the help of a business credit card can be a prudent move to make.
A business credit card keeps personal and business expenses separated, organizes expenditures by category, helps manage employee purchases, and simplifies filing your business taxes.
Plus, earning rewards on every purchase your business makes can help your bottom line.
Today, we’re comparing 2 popular business credit cards: the Ink Business Premier℠ Credit Card and the American Express® Business Gold Card.
Each card can help you organize your business’ finances, however, one card may have the edge over the other for your specific situation. Below, we’ll sort through all the information you’ll need to help you select the card that is the better match for your business.
Here’s how these 2 popular business credit cards compare.
|Card||Ink Business Premier℠ Credit Card||American Express® Business Gold Card|
|Welcome Offer||Earn $1,000 cash-back after you spend $10,000 on purchases in the first 3 months.||CARD REFRESH: Earn 70,000 points after you spend $10,000 on purchases in the first 3 months.|
|Travel Protections and Benefits||
|Shopping Protections and Benefits||
|Annual Fees and Authorized Users||
Immediately after card approval for either the Ink Business Premier card or the Amex Business Gold card, you’ll have the opportunity to earn a welcome bonus. The bonus can be earned on either card by completing the minimum spending requirement within the first 3 months after card approval.
These offers can be valued at $1,000 or more depending on how you redeem the earned rewards. Offers vary by card and change periodically, so be sure to check for the most recent offer before applying.
Here are the most current welcome offers for each of our featured cards:
Earn up to 5% cash-back for your business without complex bonus earning categories!
Chase has introduced the Ink Business Premier℠ Credit Card to its business credit card lineup. With straightforward cash-back earnings on everyday purchases and large expenses, tools to help you monitor your business, and multiple ways to redeem your rewards, this is a great card option to consider.
Get 4x points in 2 select categories where your business spends the most each month (on your first $150,000 spent each year).
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.
Hot Tip: Check to see if you’re eligible for a huge welcome bonus offer of up to 110,000 points with the Amex Business Gold card! The current public offer is 70,000 points. (This targeted offer was independently researched and may not be available to all applicants.)
The Ink Business Premier card is marketed as a cash-back card because points earned on the card can easily be redeemed for cash-back. The Amex Business Gold card earns Membership Rewards points.
We’ll talk about the differences in redemption options for these points shortly, but first, let’s look at how you’ll earn rewards on each of our featured cards.
|Earning Category||Ink Business Premier Card||Amex Business Gold Card|
|All Other Purchases||
The Ink Business Premier card offers a simplified earning structure with at least 2% cash-back on every purchase. The Amex Gold card automatically rewards your top 2 highest spending categories with 4x points from a list of common business expenses each statement period.
With either card, you won’t spend time trying to understand complicated earning structures.
When using your rewards, you’ll have the option to redeem points to offset the cost of business travel or secure that hard-earned family vacation.
Here’s how the Ink Business Premier card and Amex Business Gold card compare when it’s time to redeem rewards earned on either card.
|Redemption Option||Ink Business Premier Card||Amex Business Gold Card|
|Travel||Redeem points for 1 cent each in value to purchase travel via the Ultimate Rewards travel portal||
|Statement Credits||Redeem points for 1 cent each toward a statement credit or transfer to a bank account||Redeem points for 0.6 cents each toward a statement credit|
|Additional Redemption Options||Check, gift cards, shopping with select retailers, Chase Experiences, charitable donations||
Gift cards, shopping with select retailers, charitable donations
Receiving good value at redemption time should be a priority. This is an area where the Ink Business Premier card falls short of the flexible options you’ll find with the Amex Business Gold card.
You won’t have the option to transfer points earned on the Ink Business Premier card to airline or hotel partners, leaving you with a fixed value for your points of 1 cent each when redeeming for travel.
With the Amex Business Gold card, you’ll be able to transfer points to travel partners and receive much greater potential value. For example, you could transfer 63,000 Membership Rewards points to Avianca Lifemiles to book a one-way flight in business class from the U.S. to Europe on Star Alliance carriers like United Airlines or Lufthansa — a flight that normally would cost thousands of dollars. Read more on how you can maximize the value of your Amex points when transferring to partners.
Both the Ink Business Premier card and Amex Business Gold card come with travel protections that can reimburse you when things go wrong during your travels. Travel benefits can save you money and make your travel more comfortable.
Here are the travel protections and benefits you’ll find on both of our featured cards and the additional features you’ll find on each individual card:
Shopping protections can provide reimbursement if something goes wrong with a purchase you made with your card. Shopping benefits can save you money or help you earn extra rewards on your purchases with select retailers and service providers.
You’ll find these shopping protections and benefits on both the Ink Business Premier card and Amex Business Gold card:
The Ink Business Premier card comes has an annual fee of $195 while the Amex Business Gold card’s annual fee is $295 ($375 if application is received on or after 2/1/24) (rates & fees).
There is no extra fee to add employee cards to either of our featured cards.
It’s hard to beat the earning potential of these 2 business credit cards. And, while each card offers rewards for every purchase your business makes, the real value of your rewards becomes prominent at redemption time.
The Amex Business Gold card, with its flexible Membership Rewards points for travel, provides better overall value versus the Ink Business Premier card. We value Membership Rewards points at 2.2 cents each, mostly due to the potential of greater value when transferring points to airline and hotel partners. Points earned on the Ink Business Premier card can be redeemed for a fixed value of just 1 cent each.
Even no-annual-fee Chase cash-back credit cards allow you to transfer points to premium Chase cards such as the Ink Business Preferred® Credit Card, Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®. This option provides a greater value of up to 50% more when redeeming for travel via the Chase travel portal and even greater potential when Ultimate Rewards points are transferred to airline and hotel partners. Transferring rewards points is not an option with the Ink Business Premier card.
If redeeming rewards for travel is a key priority for your business, the Amex Business Gold card may be the better option. If not, and you find more value in earning cash-back that can be reinvested back into your business, the Ink Business Premier card may be better suited for you.
For the car rental loss & damage insurance benefit of the Amex Business Gold card, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/
For rates and fees of the American Express® Business Gold Card, click here.
For rates and fees of The Platinum Card® from American Express, click here.
For rates and fees of The Business Platinum Card® from American Express, click here.
While both the Ink Business Premier card and Amex Business Gold card have robust earning structures, the Amex Business Gold card has the edge when it comes to redeeming your rewards.
Because the Amex Business Gold card earns Membership Rewards points that can be transferred to airline and hotel partners, it is possible to receive much greater value than redeeming Ultimate Rewards points earned on the Ink Business Premier card for just 1 cent each.
While the Ink Business Premier card is marketed as a cash-back card, it earns rewards first as points that can easily be redeemed for cash-back, travel, gift cards, shopping with select retailers, and charitable donations.
No, you cannot transfer points earned on the Ink Business Premier card to other Chase Ultimate Rewards-earning credit cards or any other Chase credit card.
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