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Ink Business Preferred Card vs. Chase Sapphire Preferred Card [Detailed Comparison]

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Christine Krzyszton
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Christine Krzyszton

Senior Finance Contributor

316 Published Articles

Countries Visited: 98U.S. States Visited: 45

Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, deta...
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Michael Y. Park

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Michael Y. Park is a journalist living in New York City. He’s traveled through Afghanistan disguised as a Hazara Shi’ite, slept with polar bears on the Canadian tundra, picnicked with the king and que...

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Today’s card comparison is a must-read if you’re deciding between a premium Chase business card or securing a Chase personal travel rewards card.

The Ink Business Preferred® Credit Card and the Chase Sapphire Preferred® Card offer tremendous value. Small business and personal cardholders earn rewards quickly on every purchase and have access to flexible and valuable redemptions.

Plus, you wouldn’t be paying any $600+ annual fees, typical with top-tier travel rewards cards, to receive all the benefits these 2 popular cards offer.

Today’s card comparison does have a twist! You don’t necessarily have to choose between the Ink Business Preferred card and the Chase Sapphire Preferred card, as the cards can make a great duo.

Let’s continue with our comparison, and while you’re reading, consider the possibility of having both cards in your wallet.

Ink Business Preferred Card vs. Chase Sapphire Preferred Card — Overview

When you’re ready to select a credit card, it’s helpful to have a side-by-side comparison to review the features and benefits.

We’ll provide more details on the Ink Business Preferred card and Chase Sapphire Preferred card shortly. First, let’s begin with this overview.

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Feature or Benefit

Ink Business Preferred® Credit CardChase Sapphire Preferred® Card

Welcome Offer

LIMITED TIME OFFER: Earn 120,000 bonus points after you spend $8,000 on purchases in the first 3 months.

Earn 60,000 points after you spend $4,000 on purchases in the first 3 months.

Top Earning Categories

3x points on shipping, advertising purchases made with social media sites and search engines, internet, cable, phone services, and travel, up to $150,000 in combined purchases every card account year

  • 5x points on travel via Chase Travel and on Lyft rides
  • 3x points on dining
  • 2x points on all other travel, select streaming services, online groceries
  • 10% annual points bonus

Top Redemptions

Redeem points for 1.25 cents each for travel via Chase Travel, transfer points to airline and hotel partners

Top Travel Protections and Benefits

Primary car rental insurance, trip cancellation and interruption, no foreign transaction fees

Primary car rental insurance, trip cancellation and interruption, annual $50 hotel credit, no foreign transaction fees

Top Shopping Protections and Benefits

Cell phone protection, purchase protection, extended warranty, Chase Offers

Purchase protection, extended warranty, Chase Offers

Annual Fees and Authorized Users

  • Annual fee of $95
  • No fee to add authorized users
  • Annual fee of $95
  • No fee to add authorized users

The Value of a Welcome Offer

When you’re first approved for a premium credit card, you typically have the opportunity to earn a welcome offer.

Welcome offers on the Ink Business Preferred card and Chase Sapphire Preferred card can be valuable, as they allow you to earn a large number of rewards in a short time. Depending on how you redeem those rewards, a welcome bonus could be worth more than $1,000.

To qualify for a welcome bonus offer, meet the minimum spending requirements within the specified period immediately following card approval.

These offers can vary, but the following snapshots contain the most current information for our featured cards:

LIMITED TIME OFFER
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)
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.
Earn 120k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel℠
120,000 Points
$2,400
$95
21.24%-26.24% Variable
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)

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
Cons
    • No elite travel benefits like airport lounge access
  • Earn 120k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,200 cash back or $1,500 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
Rewards Center

Chase Ultimate Rewards

GREAT STARTER CARD
Chase Sapphire Preferred® 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.

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Learn More(at Chase's secure site)
A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.
60,000 points
$1,200
$95
21.49%-28.49% Variable
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)

The Chase Sapphire Preferred® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Pros
  • 5x points on all travel booked via the Chase Travel portal
  • 5x points on select Peloton purchases over $150 (through March 31, 2025)
  • 5x points on Lyft purchases (through March 31, 2025)
Cons
  • $95 annual fee
  • No elite benefits like airport lounge access or hotel elite status
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.
  • Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
  • Member FDIC
Financial Snapshot
  • APR: 21.49%-28.49% Variable
  • Foreign Transaction Fees: None
Rewards Center

Chase Ultimate Rewards

Bottom Line:

The Ink Business Preferred card and Chase Sapphire Preferred card have generous welcome offers potentially worth upward of $1,000 when you redeem points for travel. You can earn welcome offers by meeting minimum spending requirements in the specified period after card approval.

Earning Potential: Why Not Both?

Rewards earning is a key benefit of holding a business or personal credit card. The Ink Business Preferred card and Chase Sapphire Preferred card have robust earning structures that allow you to earn rewards quickly.

Both cards earn valuable and flexible Ultimate Rewards points with multiple ways to redeem them. We’ll discuss redemptions next.

First, let’s review how to earn points on our featured cards:

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Earning Category

Ink Business Preferred® Credit CardChase Sapphire Preferred® Card

Travel 

3x points on travel (up to $150,000 per cardmember year for combined 3x points categories)

  • 5x points on travel purchased via Chase Travel 
  • 5x points on Lyft rides through March 2025
  • 2x points on all other travel

Peloton

1x points

5x points on qualifying Peloton purchases over $150 through March 2025 (maximum $25,000 in purchases)

Dining, Including Takeout and Delivery

1x points

3x points

Select Streaming Services

1x points

3x points

Advertising, Internet, Cable, Phone Services, Shipping

3x points, up to $150,000 in purchases each year for all 3x categories, then 1x

1x points

Online Grocery Stores

1x points

3x points

All Other Purchases

1x points

1x points

Earlier, we mentioned that the Ink Business Preferred card and Chase Sapphire Preferred card could make a compelling pair. Earning potential is a big reason why.

While the Ink Business Preferred card earns well on typical business expenses, the Chase Sapphire Preferred card earns well on more everyday purchases, including dining, streaming services, and grocery stores. Both cards also earn well on travel.

The actual mix of your spending categories determines your earning potential. With that said, both cards have strong overall earning structures.

Bottom Line:

The Ink Business Preferred card earns well on common business expenses, up to $150,000 in purchases each calendar year. The Chase Sapphire Preferred card earns well on more everyday purchases and travel.

Redemption Options

Hyatt Regency Grand Reserve Puerto Rico
Ultimate Rewards points offer flexible options at redemption time, including transferring to World of Hyatt. Hyatt Regency Grand Reserve Puerto Rico. Image Credit: Hyatt

The Ink Business Preferred card and Chase Sapphire Preferred card earn flexible Ultimate Rewards points. Flexibility at redemption time increases the value of your rewards, as you have more choices on how to use your points.

Here are the redemption options for both of our featured cards:

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Redemption Option

Ink Business Preferred® Credit CardChase Sapphire Preferred® Card

Travel 

  • Redeem points for 1.25 cents per point for travel via Chase Travel
  • Transfer points to airline or hotel partners for flights or free hotel nights
  • Redeem points for 1 cent each toward a statement credit for previous travel purchases

Statement Credits

Redeem points for 1 cent each for a general statement credit, Pay Yourself Back (up to 1.25 cents per point in value)

Additional Redemption Options

Shopping at select retailers, gift cards, experiences, Amazon, Apple Products, charitable donation

The best potential value for Ultimate Rewards points earned on either card is to transfer them to airline or hotel partners. You can then purchase award flights or free hotel nights.

We value Ultimate Rewards points at approximately 2 cents each when redeeming points for travel.

One desirable option for redeeming Ultimate Rewards points is to transfer to United MileagePlus and use 50,000 miles to secure a business class flight to Hawaii. You can also try to find a cheaper redemption on Singapore Airlines, but availability is typically more limited.

You can also transfer points to hotel partners, Hyatt being one of the most beneficial. Ultimate Rewards points transfer to World of Hyatt at a ratio of 1:1.

You can book the Category 5 Hyatt Regency Grand Reserve Puerto Rico in Rio Grande for as few as 17,000 points per night. Peak nightly rates at the hotel can exceed $500.

Redeeming Ultimate Rewards points via Chase Travel is also an option. Points have a value of 1.25 cents each when used this way. Inexpensive flights, nonchain hotels, and experiences may be the best uses of Ultimate Rewards points via Chase Travel.

Typically, you don’t receive any associated hotel program perks or elite status benefits at hotels booked via Chase Travel.

Hot Tip:

If you have both the Ink Business Preferred card and Chase Sapphire Preferred card, you can combine Ultimate Rewards points between cards. This feature can be a benefit at redemption time and a good reason to have a Chase business card and a Chase personal card.

If you wish to donate your points to charity, you can use Ultimate Rewards points (at a rate of 1.25 cents each) for a statement credit with Pay Yourself Back. Additional rotating categories that are eligible for this benefit will vary.

Other redemptions may result in a value of less than 1.25 cents per point.

Bottom Line:

The best potential value for Ultimate Rewards points earned on the Ink Business Preferred card and Chase Sapphire Preferred card is to transfer points to airline or hotel partners. You can also redeem points via Chase Travel at 1.25 cents per point. Additional redemptions include statement credits, gift cards, shopping at select retailers, and charitable donations.

Travel Protections and Benefits

Audi Q5 Silvercar rental
Renting a vehicle can be less stressful with primary rental car insurance included with your Chase card. Image Credit: Nick Ellis

Chase does a stellar job of providing travel protections and benefits with its cards.

The Ink Business Preferred card and the Chase Sapphire Preferred card are loaded with travel protections that can bring economic relief if something goes wrong during your journey.

Travel benefits found on the cards can save you money on travel-related purchases.

Here are the key travel protections and benefits the cards have in common and those that are available with each card:

  • Car Rental Insurance: Reserve and pay for your car rental with your card and decline the rental agency’s CDW/LDW insurance to receive coverage for damage and theft.
    • Ink Business Preferred Card: Coverage is primary when using the car for business and when renting outside of the U.S. Otherwise, coverage is secondary. “Primary” means you do not have to file a claim with any other applicable insurance before card coverage applies.
    • Chase Sapphire Preferred Card: Coverage is primary.
  • Trip Cancellation and Trip Interruption Insurance: If your trip is disrupted or needs to be canceled for a covered reason, you could receive up to $5,000 per person and up to $10,000 per trip with the Ink Business Preferred card. Coverage on the Chase Sapphire Preferred card is $10,000 per person, up to $20,000 per trip.
  • Trip Delay Insurance: If your trip is delayed more than 12 hours for a covered reason, you could receive up to $500 in reimbursement for covered incidentals.
  • Baggage Insurance: If your bags are lost, stolen, or damaged, you could receive up to $3,000 per bag for each covered person. If your bags are delayed more than 6 hours, you could receive up to $100 per day, up to a maximum of 5 days, for covered incidentals.
  • Roadside Dispatch: Pay just a single, prenegotiated fee for a service call, 24/7, when you’re stranded on the side of the road. Services include limited towing, standard winching, emergency fuel delivery, lockout or jump-start services, and tire-changing with an inflated spare.
  • No Foreign Transaction Fees: Take your card when traveling abroad, as neither card charges foreign transaction fees, which are typically 3% of the total purchase.

Chase Sapphire Preferred Card

  • Hotel Statement Credit: Use your card to book a hotel via Chase Travel and receive up to $50 as a statement credit.
Bottom Line:

Use your Ink Business Preferred card or Chase Sapphire Preferred card to pay for a portion of your trip and receive travel protections and benefits. Key travel protections include primary car rental insurance, trip cancellation, trip interruption, trip delay, and baggage insurance coverage.

Shopping Protections and Benefits

Smartwatch on womans wrist
Shopping protections and benefits can provide coverage for eligible purchases and save you money. Image Credit: Karolina Grabowska via Pexels

Chances are you’ll be purchasing numerous items with your Ink Business Preferred card and Chase Sapphire Preferred card.

It’s good to know that if something should go wrong with your purchase, you could be reimbursed, receive a replacement, or have the item repaired. Shopping protections can provide this coverage for eligible items.

Shopping benefits can save you money or provide ways for you to earn additional rewards.

Here are the shopping protections and benefits that are offered with both of our featured cards and with the individual cards:

  • Purchase Protection: If an eligible item is damaged or stolen within 120 days of the purchase date, you could receive up to $10,000 per item and $50,000 per account on the Ink Business Preferred card. Coverage is up to $500 per claim and $50,000 per account. The item must have been purchased with your card.
  • Extended Warranty: Eligible items purchased with your card that have a manufacturer’s warranty receive a 1-year warranty extension.
  • Chase Offers: Find these offers in your online Chase card account and add the offers you like to your card. Make the associated required purchase and receive a statement credit rebate.

Ink Business Preferred Card

  • Cell Phone Protection: Pay for your and your employees’ monthly cell phone bills with your card and receive coverage for damage or theft. There is a limit of $1,000 per claim, up to 3 claims per 12-month period, and a $100 deductible per claim.

Chase Sapphire Preferred Card

  • DoorDash DashPass: Receive a complimentary 12-month membership, $5 in monthly credits, and associated benefits when you activate this perk by December 31, 2024.
  • Instacart+ Credit: Add your card to your Instacart account and receive a complimentary 6-month membership and $15 in quarterly credits. Register by July 31, 2024, to receive this offer.
Bottom Line:

Eligible items purchased with the Ink Business Preferred card and Chase Sapphire Preferred card may qualify for purchase protection and extended warranty coverage. Additionally, the Ink Business Preferred card offers cell phone protection. The Chase Sapphire Preferred card has DoorDash DashPass and Instacart+ offers.

Annual Fees and Authorized Users

A key factor to consider when selecting a card is any associated fees you might need to pay. These fees can include the annual fee for card membership and any charge to add additional users to your card.

The Ink Business Preferred card has an annual fee of $95, and the Chase Sapphire Preferred card also has an annual fee of $95.

There is no additional fee to add authorized users to either card.

Tips on Applying for Chase Cards

Chase has established rules to meet to qualify for its credit cards. You will not be approved for a Chase card if you have been approved for 5 or more personal cards within the past 24 months. This number includes cards from all issuers.

While business cards do not count toward the Chase 5/24 rule, you will not be approved for a Chase business card if you’re at or above the 5/24 limit.

You need a good to excellent credit score for either of our featured cards, which is generally considered 670 to 850.

It can also help to have an existing relationship with Chase, such as a personal or business checking account.

Final Thoughts

If you currently own a business, regardless of size, having a business credit card to separate business expenses from personal should be a priority. The Ink Business Preferred card, with a lower annual fee, makes an excellent choice.

Fortunately, having a Chase personal rewards-earning card can pair nicely with this Chase business card. The Chase Sapphire Preferred card is our favorite for its earning power, flexible redemption options, and useful travel insurance protections and benefits.

Whether you need a card that provides good value for your business, an everyday credit card with stellar travel benefits, or both, the Ink Business Preferred card and Chase Sapphire Preferred card should be high on your list for consideration.

Frequently Asked Questions

Which is the better card, the Ink Business Preferred card or the Chase Sapphire Preferred card?

The Ink Business Preferred card and Chase Sapphire Preferred card offer equally great value. With robust earning structures, flexible redemption options, and a long list of travel and shopping protections and benefits, either card is a good choice. Both cards also come with lower annual fees.

Can I transfer Ultimate Rewards points from a business card to a personal card?

Yes. You can transfer Ultimate Rewards points between cards that earn Ultimate Rewards.

Does the Chase Sapphire Preferred card have Priority Pass membership?

No, the Chase Sapphire Preferred card has no lounge access benefit. The Chase Sapphire Reserve® comes with a Priority Pass Select membership.

What credit score is needed for the Chase Sapphire Preferred card?

You will need a good to excellent credit score to be considered for the Chase Sapphire Preferred card. This is generally considered a score of 670 to 850.

Christine Krzyszton's image

About Christine Krzyszton

Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.

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