Ink Business Premier Card vs. Ink Business Preferred Card [2024]

In this post, we put the New Business Card! Ink Business Premier^® Credit Card up against the Ink Business Preferred^® Credit Card to help you decide which Chase business card is a better fit for you.

We break down everything you need to know about each card, including their earn rates, benefits, redemption options, fees, and protection benefits. Let’s jump right in!

Ink Business Premier Card vs. Ink Business Preferred Card — Summary

Before we get into more detail, here is a quick breakdown of what each card can offer you.

SCROLL FOR MORE

Card Name	Ink Business Premier^® Credit Card	Ink Business Preferred^® Credit Card
Welcome Bonus	Earn $1,000 cash-back after you spend $10,000 on purchases in the first 3 months.	NEW OFFER: Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months.
Earning Potential	5% cash-back on travel purchased through Chase Travel 2.5% cash-back on purchases of $5,000 or more 2% cash-back on all other purchases	3x points on the first $150,000 spent in combined purchases in a number of categories, including advertising purchases made with social media sites and search engines 1x point on all other purchases
Redemption Options	Cash-back via a statement credit, gift cards Chase Travel	Chase transfer partners Chase travel portal bookings (25% bonus) Cash-back via statement credit, Pay Yourself Back, gift cards
Statement Credits	N/A	N/A
Travel Protections	Auto rental collision damage waiver, travel and emergency assistance services, roadside dispatch No foreign transaction fees	Auto rental collision damage waiver, trip cancellation/trip interruption insurance, roadside dispatch No foreign transaction fees
Shopping Benefits and Protections	Purchase protection, extended warranty protection Cell phone protection Chase Offers
Annual Fee	$195	$95
Authorized User Fee	$0	$0

Bottom Line: Both cards have a lot of similarities, but the key differences come down to their rewards structure, with the Ink Business Premier card more focused on cash-back, while the Ink Business Preferred card is tailored towards travel.

The Value of a Welcome Bonus

Credit card welcome bonuses are a great way to earn a sizeable sum of rewards rather quickly. Here is what each card can offer you.

Ink Business Premier Card

Ink Business Premier^® Credit Card

U.P. Rating

Earn up to 5% cash-back for your business without complex bonus earning categories!

Learn More(at Chase's secure site)

Ink Business Premier^® Credit Card

Earn up to 5% cash-back for your business without complex bonus earning categories!

Welcome OfferEarn $1,000 bonus cash-back after you spend $10,000 on purchases in the first 3 months from account opening.
$1,000

Annual Fee

$195

APR

Flex for Business Variable APR: 19.49% - 27.49%

Credit Recommended

Good to Excellent (670-850)

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.

Pros

Earn 2.5% total cash-back on purchases of $5,000 or more
Earn 2% cash-back on all other business purchases
Unlimited 5% total cash-back on travel purchased through Chase Travel
No foreign transaction fees
Trip cancellation and trip interruption insurance
No additional cost for employee cards
Cell phone protection
Primary rental car coverage
Purchase protection
Extended warranty coverage

Cons

$195 annual fee
Some purchases need to be paid in full each month and don’t qualify for Flex for Business APR
Rewards cannot be pooled with Chase cards that offer access to transfer partners

Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase Travel℠, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
The only business credit card with 2.5% cash back on every purchase of $5,000 or more.
Get the buying power you need to make large purchases, cover monthly expenses and help your business grow. While you must pay your Pay In Full balance each month, this card has built-in flexibility. The Flex for Business feature allows for qualifying purchases to be paid over time with interest.
Purchase with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
There's no additional cost for employee cards. Monitor spend with digital tools like purchase alerts, set spending limits, reporting, and more.
Member FDIC

Financial Snapshot

APR: Flex for Business Variable APR: 19.49% - 27.49%
Foreign Transaction Fees: None

Card Categories

With the Ink Business Premier card, you can earn a generous cash-back bonus after meeting the minimum spend requirement. That said, while this cash-back will technically come in the form of Chase Ultimate Rewards points, you won’t have access to any of the Chase travel transfer partners, nor can you transfer your points to a card that does.

All points earned with the card are worth a fixed 1 cent per point, regardless if you decide to redeem them for cash-back, travel, or another option. That said, earning cash-back from the welcome bonus is certainly a great benefit.

Ink Business Preferred Card

NEW OFFER

Ink Business Preferred^® Credit Card

U.P. Rating

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 OfferEarn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Travel
100,000 points

UP's Bonus Valuation*:
$2,000

Annual Fee

$95

APR

21.24%-26.24% Variable

Credit Recommended

Good to Excellent (670-850)

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

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
Trip cancellation and interruption insurance
Rental car insurance
Extended warranty coverage

Cons

No elite travel benefits like airport lounge access

Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 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: 21.24%-26.24% Variable
Foreign Transaction Fees: None

Card Categories

Rewards Center

Chase Ultimate Rewards

New Ink Business Preferred cardholders can earn a considerable number of Chase Ultimate Rewards points after meeting the card’s minimum spend requirement. These points can be redeemed at 1 cent per point for cash-back, 1.25 cents per point through the Chase Travel portal (a 25% bonus), or transferred to one of the Chase travel transfer partners where you can unlock redemptions that can easily yield 3+ cents per point.

Due to this flexibility, we value this form of Chase Ultimate Rewards points at 2 cents per point, making a 100,000-point welcome bonus, for example, worth $2,000 in our view.

Earning Potential

One of the most important items to consider when deciding on a new card is how many rewards it can help you earn on your purchases.

SCROLL FOR MORE

Bonus Category	Ink Business Premier Card	Ink Business Preferred Card
Travel	5% cash-back on travel purchased through Chase Travel	3x points (on up to $150k in combined spend with other 3x categories, then 1x)
Advertising	2% cash-back	3x points (on up to $150k in combined spend with other 3x categories, then 1x)
Internet, Cable, and Phone Services	2% cash-back	3x points (on up to $150k in combined spend with other 3x categories, then 1x)
Shipping	2% cash-back	3x points (on up to $150k in combined spend with other 3x categories, then 1x)
Purchases Larger Than $5,000	2.5% cash-back	1x point
All Other Purchases	2% cash-back	1x point

When it comes to travel, select advertising, and shipping, along with internet, cable, and phone service purchases, you’d fare better by using the Ink Business Preferred card on these purchases below $150,000 in combined annual spend. Even if you prefer cash-back rewards, the 3x points can be cashed out at 1 cent per point, giving you at least 3% cash-back on these purchases — though you can also get significantly more value when redeemed for travel.

Where the Ink Business Premier card shines is its flat 2% cash-back on all purchases and 2.5% cash-back on all purchases over $5,000. Given that, if your business expenses are quite diverse and don’t regularly fall within specific categories, or you often make purchases in excess of $5,000, then the Ink Business Premier card might be a great option for you.

Redemption Options

United International Business Class — Transfer your Chase Ultimate Rewards points to United Airlines. Image Credit: United

Ink Business Premier Card

While the rewards earned with the Ink Business Premier card are branded as Chase Ultimate Rewards points, they don’t have the same capabilities as those earned with the Ink Business Preferred card.

Your points will always be worth 1 cent per point and can be redeemed as cash-back to offset purchases made with the card, towards travel purchases made through the Chase travel portal, for gift cards with over 150 different brands, or for Apple products through the Ultimate Rewards store.

Ink Business Preferred Card

Cardholders of the Ink Business Preferred card have a plethora of redemption options, which is why the card is one of our favorite business credit cards.

At Upgraded Points, we love transferring our Chase Ultimate Rewards points to one of the high-value Chase travel transfer partners such as World of Hyatt, Air Canada, or Virgin Atlantic. This way, you can book luxury flights and hotel stays for a fraction of what the standard cash cost would be.

However, for those looking for solid travel redemption with more flexibility, you can redeem your points directly through the Chase travel portal to offset virtually any type of travel purchase for 1.25 cents per point — a 25% bonus. At this value, 100,000 points would get you $1,250 worth of travel toward flights, lodging, rental cars, and more.

Lastly, you still have the option of redeeming your points for cash-back at 1 cent per point, or even gift cards and direct shopping with select merchants at the same rate.

Bottom Line: In terms of flexibility and the ability to get outsized value, the Ink Business Preferred card really takes the cake here. That said, if you are only interested in cash-back rewards, then both cards can be a great option.

Statement Credits

Neither the Ink Business Premier card nor the Ink Business Preferred card offers any sort of statement credits to help offset either card’s annual fee.

Hot Tip: If you’re interested in a credit card that offers a specific type of statement credit, read through our complete guide covering each type of credit card statement credit.

Travel Protections

Here is how each card keeps you covered during your travels:

SCROLL FOR MORE

Benefit	Ink Business Premier Card	Ink Business Preferred Card
Foreign Transaction Fees	None	None
Rental Car Insurance	Primary when renting for business or outside of the U.S.; secondary coverage for personal rentals in the U.S.	Primary when renting for business or outside of the U.S.; secondary coverage for personal rentals in the U.S.
Trip Cancellation/Interruption Insurance	Not offered	Up to $5,000 per person and $10,000 per trip for your prepaid, non-refundable travel expenses
Travel and Emergency Assistance Services	Yes	Not offered
Roadside Assistance	Yes	Yes

Both cards offer some solid perks, like no foreign transaction fees, which is a must-have for any business owner who makes purchases internationally, and primary rental car insurance. However, we have to give a slight edge to the Ink Business Preferred card thanks to its inclusion of trip cancellation/interruption insurance, which can really come in handy if your trip is disrupted due to a covered situation.

Shopping Benefits and Protections

Both cards offer identical shopping protections, which can be incredibly useful to cardholders, including:

Chase Offers — Discounts with select merchants
Purchase Protection — Covers new purchases against damage or theft for up to 120 days from purchase with up to $10,000 in coverage per claim and $50,000 per account
Extended Warranty Coverage — Extends a U.S. manufacturer’s warranty by an additional year on eligible warranties of 3 years or less
Cell Phone Protection — Offers up to $1,000 in coverage per claim against covered theft or damage for you and any employees listed on your monthly bill when you pay it with your card, up to 3 claims in a 12-month period with a $100 deductible per claim

Annual Fees and Adding Authorized Users

Annual Fees

The annual fee for the Ink Business Premier card is $195, while the annual fee for the Ink Business Preferred card is $95. Be sure to keep this difference in mind when weighing the merits and benefits of each card to decide which is the better fit for you.

Authorized Users

Neither card charges for adding employee cards. This is a great option for business owners looking to earn the most rewards possible. Of course, you can easily monitor the transactions across all cards, along with setting individual spending limits.

Final Thoughts

As you can see, there is plenty to like about both the Ink Business Premier card and the Ink Business Preferred card. Deciding which card is the better fit for you will come down to what rewards setup you prefer and what type of business expenses you have.

If you’re primarily looking for cash-back and you have diverse business expenses or a large number of expenses that exceed $5,000, then the Ink Business Premier card would likely be better suited for you.

On the other hand, if you prefer flexible rewards with access to travel transfer partners and have a large number of expenses that fall within the travel, shipping, advertising, and utility categories, you would likely fare better with the Ink Business Preferred card.

Featured Image Credit: Upgraded Points

Frequently Asked Questions

Which is better, the Ink Business Premier card or the Ink Business Preferred card?

Determining which card is better suited for you depends on what you are looking for from your new card. If you want a flexible rewards card that offers access to travel transfer partners, then the Ink Business Preferred card would be a great choice. If you prefer cash-back rewards and your business regularly makes purchases that exceed $5,000, then the Ink Business Premier card would be a better fit.

What are the benefits of the Ink Business Premier card?

The top benefits of the Ink Business Premier card are that it earns 2.5% cash-back on purchases larger than $5,000 and 2% cash-back on all other purchases. Plus, it has perks including cell phone protection, purchase protection, and no foreign transaction fees.

What are the benefits of the Ink Business Preferred card?

The top benefits of the Ink Business Preferred card are that it earns 3x points on your first $150,000 in spending on travel, select advertising, shipping, and internet, phone, and cable services each year. Plus, the card earns flexible rewards that can be transferred to the Chase travel transfer partners and includes benefits such as cell phone protection, purchase protection, and no foreign transaction fees.

Does the Ink Business Premier card have an annual fee?

Yes, the annual fee for the Ink Business Premier card is $195.

Does the Ink Business Preferred card charge an annual fee?

Yes, the Ink Business Preferred card charges a $95 annual fee.

Does the Ink Business Premier card charge foreign transaction fees?

The Ink Business Premier card does not charge foreign transaction fees.

Does the Ink Business Preferred card charge foreign transaction fee?

The Ink Business Preferred card does not charge foreign transaction fees.

Was this page helpful?

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

INSIDERS ONLY: UP PULSE^™