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Chase cards are incredibly popular for a multitude of reasons. There is incredible value when your transfer points from cards like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® to Chase's transfer partners. And Chase has a slew of co-branded cards with big names like United, Southwest, Hyatt, and Marriott credit cards, to name a few. While Chase shines with these personal cards, it's also a great option for business cards via the Ink Business suite of credit cards.
Chase currently offers four card options: Ink Business Cash® Credit Card, Ink Business Unlimited® Credit Card, Ink Business Preferred® Credit Card, and Ink Business Premier℠ Credit Card. Each card has varying annual fees, benefits, and perks. We're going to break down all of the details for each of these cards and help you decide which one may be the best fit for you.
Overview of Chase Business Credit Cards
| Ink Cash | Ink Unlimited | Ink Preferred | Ink Premier | |
| Annual Fee | $0 | $0 | $95 | $195 |
| Welcome Offer | Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. | Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. | New Cardmember Offer! Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. | Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening. |
| Card Features | ||||
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Comparing Chase Business Credit Cards
Now that you've seen an overview of the cards, let's take a closer look at each of the categories. Take each of these details into consideration when deciding which card is right for you.
Welcome offer
- Ink Cash: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
- Ink Unlimited: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
- Ink Preferred: New Cardmember Offer! Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
- Ink Premier: Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
First, the Ink Preferred has the highest-value welcome offer at 100,000 points. However, it also has a higher spending requirement than the two other cards. The caveat to this is the fact the spending requirement was even higher before June 2023.
The Ink Cash and Ink Unlimited each have a welcome offer of $900. While this is advertised as cash back, it is actually 90,000 Ultimate Rewards points (more on using those below). These two cards are great for small businesses that spend less money overall. Each has a solid offer that allows you to earn a large amount of points fairly quickly.
Lastly, the Ink Premier is offering a bonus of $1,000 cash back — which you might assume is roughly on par with the Ink Preferred‘s offer. But unlike the Ink Cash and Ink Unlimited cash-back offers, these points cannot be moved to other cards that earn Ultimate Rewards which means they cannot be transferred to partners. We'll discuss this later in this article.
Which card is right for you?
Which is the best choice based on the welcome offer? Right now, the Ink Preferred stands out as the clear winner if you can meet the offer requirements. Until recently, this card required significantly more spending to earn the same number of points. The current offer 100,000 Ultimate Rewards points after you spend $8,000 on purchases in the first 3 months from account opening should be easier than the previous $15,000 spending requirement.
- 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 Ultimate Rewards®
- 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 Ultimate Rewards®
- 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
- 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
- 1X point per $1 on all other purchases
Annual fee
There are multiple price points for these cards. The Ink Cash and Ink Unlimited feel like no-brainers for those looking for a business card without an annual fee, along with the solid welcome offer on these cards that we mentioned above. However, paying the $95 annual fee on the Ink Preferred could be worth it to open the door to Chase's transfer partners.
Which card is right for you?
This decision comes down to whether or not you're willing to pay an annual fee. While none of Chase's Ink Business cards has exorbitant annual fees, it's worth considering whether the benefits of the cards make the annual fee worth it. Keep reading to learn more about each card's benefits.
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back 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.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
- Member FDIC
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- 1% cash back on all other card purchases with no limit to the amount you can earn
Earning categories
- Ink Cash: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
- Ink Unlimited: Earn unlimited 1.5% cash back on every purchase made for your business.
- Ink Preferred: 3x points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, and advertising purchases made with social media sites and search engines each account anniversary year.
- Ink Business Premier: Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
Which card is right for you?
For this category, it is especially important to consider your business spending. Do the spending categories on one card align more closely with your business expenses than the others? Does your business spend broadly across categories that don't really align with any of the cards' bonus categories?
While it's possible to earn significant rewards in the bonus categories on the Ink Cash and Ink Preferred, remember that categories have limits. Moreover, if your business' spending doesn't match these categories, you may fare better with Ink Unlimited, since it earns well on everyday spending.
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- 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.
- 0% introductory APR for 12 months on purchases
- Member FDIC
- Earn unlimited 1.5% cash back on every purchase made for your business
Card benefits
The travel and purchase benefits vary across the Chase Ink Business cards, but all four include these perks:
- Auto Rental Collision Damage Waiver (CDW): Decline the rental company's collision insurance and charge the entire rental fee to your card to get this benefit. Primary coverage is provided when renting for business purposes and covers the vehicle's cash value for theft and collision for most cars in the U.S. and abroad.
- Travel and emergency assistance services: If you have any legal or medical troubles while traveling, call the Benefit Administrator for help and referrals. You are responsible for all costs associated with the services obtained.
- Roadside dispatch: If you have a roadside emergency, call 800-847-2869 for help. You will be notified of the fees when you call, and they will be billed to your card.
- Purchase protection: This covers new purchases for up to 120 days, and covers $10,000 per claim, up to $50,000 per account.
- Extended warranty protection: When the manufacturer's warranty covers three years or less, this adds one additional year of coverage.
- Baggage delay insurance: Get reimbursed for necessary expenses while you wait for delayed luggage.
Furthermore, all four cards offer fraud protection, plus employee cards at no additional cost.
There are a few benefits that are exclusive to the Ink Business Preferred and the Ink Business Premier. They are:
- Cell phone protection: Receive up to $1,000 per claim in protection against theft and damage when you use your card to pay your monthly wireless phone bill. Each claim has a $100 deductible, and you are allowed three claims per 12-month period.
- Trip cancellation and trip interruption insurance: If your trip is disrupted or canceled due to a covered incident, you could receive reimbursement up to $5,000 per person and up to $10,000 per trip, per occurrence. There is a maximum of $20,000 per 12-month period.
- No foreign transaction fees.
Which card is right for you?
All four cards offer a good amount of benefits when it comes to travel and purchase protection. However, if you are a frequent traveler, the trip coverage and no foreign transaction fees may give the Ink Preferred and Ink Premier a leg up.
- 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 Ultimate Rewards, 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.
- For businesses who prefer to pay their balance in full each month, Ink Business Premier gives access to increased spending power, rich rewards, and premium benefits.
- Pay off eligible purchases over time with interest up to assigned Flex for Business limit. All other purchases must be paid in full each month.
- 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
- 5% cash back on travel purchases through the Chase travel portal
- 2.5% cash back on purchases of $5,000 or more
- 2% cash back on all other purchases
Using Your Rewards
As we stated above, all of these cards earn Ultimate Rewards — even the ones that are advertised as earning cash back. However, they differ in how you can use those rewards.
- Ink Cash and Ink Unlimited: Redeem your rewards at 1¢ per point for travel, cash back, gift cards, experiences, and more through the Ultimate Rewards portal. Transferring is key when it comes to maximizing the value of your points. Unfortunately, these cards do not allow you to transfer your points to Chase's partners. To do this, you will need a Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Preferred. You also have access to Pay Yourself Back, redeeming points for 1.1–1.25¢ apiece, depending on which category you're using.
- Ink Preferred: This card is the only one that allows you to transfer your points to Chase's travel partners. Additionally, if you want a straightforward redemption without extra steps, you can redeem your rewards for 1.25¢ apiece when you book travel through the Ultimate Rewards travel portal or with Pay Yourself Back categories. Lastly, you can redeem them at a 1¢ per point value as a statement credit.
- Ink Premier: This card has the most limited options for using your rewards. Points can be used at a value of 1¢ each for travel, cash back, gift cards, experiences, and more through the Ultimate Rewards portal. However, they cannot be transferred to travel partners, nor can they be combined with points from other rewards cards. Cardmembers who utilize Pay Yourself Back can redeem points for select charities at 1.25 cents per point, valid through December 31, 2023
Which card is right for you?
When deciding this, it's important to consider how you plan to use your points. If it's important to maximize your value through either transfer partners or a high redemption rate, the Ink Preferred is the card for you. If you prefer a straightforward redemption without extra steps, consider one of Chase's other three Ink Business cards.
How To Choose Between the Four Chase Business Credit Cards
- The Ink Cash may be for you if you run a small business with low spending, prefer a no-annual-fee card, and a decent amount of your spending occurs at office supply stores, internet services, and/or phone services.
- The Ink Unlimited may be for you if you run a small business with low spending, prefer a no-annual-fee card, and want to use your card for all purchases without worrying about how to maximize your spending categories. This card also is ideal for those whose spending doesn't align with bonus categories on other cards.
- The Ink Preferred may be for you if you run a small- to medium-sized business, you don't mind a nominal annual fee, and you want access to increased value from your points by transferring them to travel partners.
- The Ink Premier may be for you if run a medium- to large-sized business that spends heavily each year, want to earn at least 2% back on all purchases, and don't mind using your rewards directly in the Ultimate Rewards portal or for cash back.
Chase Ink Business Credit Card Application Rules
Now that we've covered the ins and outs of each card, let's briefly go over the details of applying for and holding business cards.
Who qualifies?
Many people assume that a registered business or storefront is required for opening business cards. Luckily, this is not true. People who have side hustles or operate small work-from-home businesses usually qualify for business cards. These can be things like selling on Etsy, tutoring students, freelance writing or editing, being a rideshare driver, and more. We cover all of these details in our post Am I Eligible For A Small Business Card?
If you do have a registered business, apply using your business information. However, when applying using your small side hustle as your business, apply as a sole proprietor using your social security number and all of your personal information — including your total household income, not just your business income.
Carrying more than one card
Amazingly, Chase allows you to carry more than one of its Ink Business cards at a time. You can hold one of each type of Ink Business card. This is beneficial if you'd like to bump up your Ultimate Rewards stash and maximize your purchases in different spending categories.
For example, you could use the Ink Cash for your office supply purchases while using the Ink Preferred for travel and advertising expenses. Maximizing your spending can lead to a huge stash of points, plus you can maximize their value in the portal or by transferring them to travel partners.
Application notes
It's very important to space out your card applications to a minimum of 90 days apart. See our full guide to credit card application rules and restrictions.
Further, be aware of Chase's 5/24 rule. While business cards should not count against your 5/24 number, you must be under 5/24 to qualify and be approved for a business card.
Final Thoughts
There's no wrong choice when it comes to opening a Chase Ink business credit card. Each card brings value in its own way. When deciding between them, it's important to assess your business spending, the benefits of each card, and how much you're willing to pay in annual fees.
Thankfully, you can open more than one of these cards. If you decide one is a good fit now but your business changes over time, you can open a different card at a future date without giving up your first card and everything it offers.
What of the Chase Ink Business credit cards do you think is best? Does one stand out for your earning strategy?
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