Edited by: Keri Stooksbury
& Juan Ruiz
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If you own a business, regardless of the size, you know the importance of keeping personal and business expenses separate. A smart business owner also realizes that earning rewards on all those expenses can make a positive impact on your business’s bottom line.
Holding a business credit card that helps you manage your expenses and rewards every purchase should be something every business owner considers. However, there are plenty of cards that can meet both of those requirements, and choosing the right one for your business may be difficult.
So today, we’re comparing 2 popular business credit cards that are known for their generous rewards.
The New Business Card! Ink Business Premier℠ Credit Card and Ink Business Unlimited® Credit Card are 2 cards that offer robust and uncomplicated earning structures, plus other benefits and perks a business owner may find useful.
If you’re considering a Chase business credit card, read further to learn how these 2 cards could be good picks for your wallet.
We’ll dig deeper into the features and benefits of the Ink Business Premier card and Ink Business Unlimited card shortly, but first, let’s look at a high-level summary and comparison of these 2 cash-back business credit cards.
Here’s a summary of how our 2 featured cards earn rewards, the options at redemption time, and some of the key features and benefits:
|Feature or Benefit||Ink Business Premier℠ Credit Card||Ink Business Unlimited® Credit Card|
|Welcome Bonus||Earn $1,000 cash-back after you spend $10,000 on purchases in the first 3 months.||NEW OFFER: Earn $900 cash-back after spending $6,000 on purchases in the first 3 months.|
||1.5% cash-back on every purchase|
|Additional Redemption Options||N/A||Transfer points to premium Chase cards for greater potential value when redeemed for travel|
|Travel Benefits and Protections||
|Additional Travel Benefits and Protections||No foreign transaction fees||N/A|
|Shopping Benefits and Protections||
|Additional Shopping Benefits and Protections||Cell phone protection||0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter|
|Annual Fees and Authorized Users||
You’ll be earning rewards on every purchase your business makes with the Ink Business Premier card or Ink Business Unlimited card, but you’ll have an opportunity immediately after you’re approved for either card to earn a large welcome bonus that can jump-start your rewards balance immediately out of the gate.
The welcome bonus is earned after meeting minimum spending requirements in the first few months after card approval.
Here are the current welcome bonuses on 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.
The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.
As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.
If so, the Ink Business Unlimited® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the card is a no-frills option that you don’t have to think twice about.
Don’t forget too, 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
You’ll earn cash-back on every purchase with either the Ink Business Premier card or the Ink Business Unlimited card, even after you’ve earned the welcome bonus. The amount of rewards you can earn on either card is unlimited.
Here’s how the 2 cards earn rewards on purchases:
|Earning Category||Ink Business Premier Card||Ink Business Unlimited Card|
|Travel||5% cash-back on travel purchased via the Chase travel portal||1.5% cash-back on all travel purchases|
|All Other Purchases||
The Ink Business Premier card has a better rewards-earning structure than that of the Ink Business Unlimited card. However, the Ink Business Premier card has a $195 annual fee, which means you’ll have to make enough purchases throughout the year to offset the fee. Our calculations indicate that you’ll need to make about $10,000 in purchases at 2% cash-back to come out ahead after accounting for the annual fee.
If your business makes a lot of large purchases, the Ink Business Premier card will also be a better choice. Just making 5 $5,000 purchases each year would equal $625 cash back on the Ink Business Premier card and just $375 on the Ink Business Unlimited card.
Earning potential is just one major factor to consider, however, as how you redeem your rewards could deliver additional potential value.
Both of our featured cards offer several ways to redeem your rewards. While the Ink Business Premier card may have the edge when it comes to earning rewards, the Ink Business Unlimited card could offer greater potential value at redemption time.
It’s important to note that while our featured cards are marketed as cash-back earning cards, rewards are actually earned first as rewards points that can be subsequently redeemed for cash-back. As a result, you’ll technically be redeeming points when choosing your rewards.
Here are your redemption choices for points earned on each card.
|Redemption Option||Ink Business Premier Card||Ink Business Unlimited Card|
|Travel||Redeem points for 1 cent each for travel via the Chase travel portal||
|Cash-Back or Statement Credits||Redeem points for 1 cent each|
|Additional Redemption Options||Gift cards, shopping with select merchants, Pay Yourself Back, Chase Dining, donating to charity|
The most valuable redemption option you’ll find on the Ink Business Unlimited card, which you won’t find on the Ink Business Premier card, is the ability to transfer points to premium Chase travel rewards cards for greater potential value.
Points earned on the Ink Business Unlimited card can be transferred to the Chase Sapphire Preferred® Card, the Chase Sapphire Reserve®, and the Ink Business Preferred® Credit Card, then subsequently be redeemed for up to 50% more in value for travel via the Chase travel portal.
For even potentially greater value, points can also be transferred from those premium cards to airline and hotel partners where you can book award flights or free hotel nights. For example, you can transfer 50,000 Ultimate Rewards points to Virgin Atlantic to book a flight in Delta One business class from the U.S. to Europe, which is a flight that normally costs thousands of dollars. Learn more about Chase Ultimate Rewards transfer partners and how to get the best value at redemption time.
Additionally, you can redeem points earned on either card for cash-back, gift cards, statement credits, shopping with select merchants, through Pay Yourself Back, booking and paying for dining experiences with Chase Dining, or donating your points to charity.
Travel protections can provide value when traveling and if something goes wrong. Travel benefits can make your travels more comfortable.
Here are some of the travel protections and benefits you’ll find on both the Ink Business Premier card and the Ink Business Unlimited card:
In addition to the above protections and benefits, you’ll find additional coverage on the Ink Business Premier card:
Should something go wrong with an eligible purchase, you’ll find protection coverage on both the Ink Business Premier card and the Ink Business Unlimited card. You’ll also enjoy additional cash-back opportunities when you use Chase shopping benefits.
Here are the shopping protections and benefits you’ll find on both cards:
Check out all of the key benefits (and their estimated value) of the Ink Business Premier card.
The Ink Business Premier card charges an annual fee of $195 while the Ink Business Cash card does not charge an annual fee.
Additional employee cards allow you to manage your business expenses and earn more rewards. Neither card charges an extra fee to add employee cards.
If your business involves international travel, you’ll want to be aware that the Ink Business Unlimited card charges a 3% foreign transaction fee. The Ink Business Premier card does not charge this fee.
You will need a good to excellent credit score, generally considered 670 to 850, to be approved for either of our featured cards, although having a score of 700 or better will increase your chances for approval.
The Ink Business Premier card requires that the card be paid off in full each statement period. You can, however, select to utilize the Flex for Business option to pay back eligible purchases over time with interest.
Keep in mind that the features and benefits we’ve included for these 2 business credit cards are not all-inclusive and we have abbreviated benefit and coverage descriptions. You’ll want to review the cards’ terms and conditions and Guide to Benefits for full information.
If earning rewards is your priority, the Ink Business Premier card could offer the best cash-back earnings overall of the 2 cards, especially if you’re making large purchases of $5,000 or more. If your business also involves a lot of employee cell phone usage, having that protection could add significant value.
If you don’t want to pay an annual fee and want the additional flexibility of transferring rewards to premium Chase cards for access to airline and hotel partners, the Ink Business Unlimited card may have some appeal. The card could also make a good choice if you have major purchases coming up and want to utilize the introductory 0% APR on purchases to avoid interest charges for 12 months from card approval.
These are just 2 possible Chase business credit card options, however, and the best card for you may be another one of Chase’s offerings. You may want to review all the options before you apply, and our article on the best Chase business credit cards can help you find the card that best matches your spending mix, redemption preferences, and benefits your business can use.
The Ink Business Premier card offers stronger earning potential than the Ink Business Unlimited card, especially if your business makes purchases that are $5,000 or greater when you’ll earn 2.5% cash-back.
The Ink Business Unlimited, however, offers a flexible redemption option allowing you to transfer points to premium Chase cards for greater potential value. The Ink Business Premier card does not offer this option.
Yes. The Ink Business Premier card charges an annual fee of $195.
You will need at least a good credit card to be considered for the Ink Business Premier card, which is generally 670 or better. However, to increase your chances for approval we recommend a score of 700 or better.
No, you cannot transfer points earned on the Ink Business Premier card to airline or hotel partners. You also cannot transfer points earned on the card to other Chase card accounts.
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