Search Credit Card Offers
Chase Sapphire Preferred® Card vs Ink Business Premier® Credit Card
This comparison aims to help you decide between the Chase Sapphire Preferred® Card and the Ink Business Premier® Credit Card. By examining their features, benefits, and potential drawbacks, you can make an informed choice based on your spending habits and financial goals.
Card Overviews
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is designed for travelers and dining enthusiasts who want to earn valuable rewards and enjoy premium travel benefits. With a focus on points redemption for travel, this card offers generous rewards on travel and dining purchases, making it ideal for those who frequently spend in these categories.
Ink Business Premier® Credit Card
The Ink Business Premier® Credit Card caters to business owners looking for cash back on their purchases. It offers unique rewards for larger business expenses, making it a great choice for entrepreneurs and small business owners who spend significantly on business-related purchases.
Detailed Feature Comparison
| Feature | Chase Sapphire Preferred® Card | Ink Business Premier® Credit Card |
|---|---|---|
| Annual Fee | $95 | $195 |
| Welcome Bonus | Earn 100,000 bonus points after you spend $5,000 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. |
| Rewards Structure | 5x on travel through Chase Travel℠, 3x on dining and select streaming services, 2x on travel, 1x on all other purchases. | Unlimited 5% on travel through Chase Travel℠, unlimited 2.5% on purchases of $5,000 or more, unlimited 2% on all other purchases. |
| Foreign Transaction Fee | None | None |
| Other Fees | Varied fees may apply | Varied fees may apply |
| Additional Benefits | $50 Annual Chase Travel Hotel Credit, trip cancellation insurance, auto rental insurance, lost luggage insurance, more. | Flex for Business feature, fraud protection, no cost for employee cards, purchase protections. |
Rewards Highlights
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Unlimited 5% total cash back on travel purchased through Chase Travel℠.
- Unlimited 2.5% total cash back on purchases of $5,000 or more.
- Unlimited 2% cash back on all other business purchases.
Pros and Cons
Chase Sapphire Preferred® Card
- Pros:
- High rewards on travel and dining.
- Flexible points redemption for travel.
- Strong travel protections and benefits.
- Lower annual fee compared to business cards.
- Cons:
- Lower cash back on non-travel purchases.
- Annual fee applies.
Ink Business Premier® Credit Card
- Pros:
- High cash back on large business purchases.
- No foreign transaction fees.
- Flexibility for managing business expenses.
- Variety of purchase protections.
- Cons:
- Higher annual fee.
- Requires significant spending to maximize rewards.
Who Should Consider Which Card?
The Chase Sapphire Preferred® Card is best for individuals who frequently travel and dine out, looking to earn points that can be redeemed for travel rewards. It's ideal for those who want to maximize their travel benefits without a high annual fee.
The Ink Business Premier® Credit Card is suited for business owners who regularly make large purchases and prefer cash back rewards. If your business expenses exceed $5,000 often, this card’s benefits can significantly enhance your cash flow and reward structure.
Conclusion
In summary, both the Chase Sapphire Preferred® Card and the Ink Business Premier® Credit Card offer unique benefits tailored to different audiences. Assess your individual needs, spending habits, and financial goals to determine which card aligns best with your lifestyle.