The Ink series from Chase is a collection of credit cards exclusively meant for businesses. Two of the cards in this series are the Ink Plus SM Business Card and the Ink Bold SM with Ultimate Rewards. Both have innovative features with lavish rewards and are accepted worldwide. However, which of these two is best suited for you and your business? Let’s take a look at their features and compare.
Ink Plus® Business Card
The Ink Plus® Business Card is not really new in the credit world. It had existed since 2010, but has been recently revamped by the bank. Back then, it used to have a lower bonus. Today, however, it matches Ink Bold with its huge bonus points. New sign-ups are guaranteed to be rewarded with thousands of bonus points if they meet the spending requirement. The minimum spending requirement can vary from time to time depending on Chase. The free points can easily be redeemed for travel. If you are not a frequent traveler and have no use for the travel rewards, you can choose from other rewards options.
The rewards are already categorized to meet your expenses. You can additional points if you spend credits on Internet, phone, and cable services. Other additional points are also awarded to office supply purchases, gas and hotel stays. There is no limit on the points that you can earn and they never expire. The card can be used on any part of the world since it is accepted worldwide. You also do not have to worry about foreign transaction fees as this card does not charge for it at all.
Ink Bold® Business Card
This card comes with the same bonus points as the Ink Plus® Business Card. It also has the same point system on its rewards program. With this card, you get premium services and packages, such as two free Lounge Club passes. You can also transfer your miles to partner hotels and airlines for a 1:1 ratio. This card also gives you access to expert advisers at your command. Simply call the hotline and you get connected to a real professional anytime, anywhere.
What’s the Difference?
The Ink Plus SM Business Card and the Ink Bold® Business Card are both great cards with excellent rewards earning potential. They offer the same rewards structure, bonus points for newbies, and exclusive perks. They also have the same annual fee, which is waived for the first year.
There is only one difference between these two cards. The Ink Plus® Business Card is a credit card, while the Ink Bold® Business Card is a charge card. In this case, there is no predefined spending limit and no interest rates in Ink Bold SM. However, you are required to pay off your balances in full; otherwise, you will be hit with soaring interest charges.
If you plan on using your plastic as a source of funds, the Ink Plus SM is the better business card for you. If you want a card where you can freely charge any amount and gain great rewards, the Ink Bold SM may be the splendid choice.