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Ink Business Cash® Credit Card vs The Business Platinum Card® from American Express
This comparison aims to help you decide between the Ink Business Cash® Credit Card and The Business Platinum Card® from American Express. Both cards offer unique features tailored for different business needs and spending habits.
Card Overviews
Ink Business Cash® Credit Card
The Ink Business Cash® Credit Card is designed for small business owners looking to maximize cash back on everyday business expenses. With no annual fee, this card provides robust rewards on purchases at office supply stores, gas stations, and restaurants, making it an ideal choice for business owners who prioritize cash rewards.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express targets business professionals who travel frequently and demand premium services. With a higher annual fee, this card offers extensive travel perks, such as access to airport lounges and a comprehensive rewards program, making it suitable for those who spend significantly on travel and related expenses.
Detailed Feature Comparison
| Feature | Ink Business Cash® Credit Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | No Annual Fee | $695 |
| Welcome Bonus | Earn $350 after spending $3,000 in the first 3 months | Earn 150,000 points after spending $20,000 in the first 3 months, plus $500 statement credit after spending $2,500 on qualifying flights |
| Rewards Structure | 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services | 5X Membership Rewards® points for flights and prepaid hotels booked at AmexTravel.com |
| Foreign Transaction Fee | None | None |
| Other Fees | No significant fees | Terms apply, enrollment required for specific benefits |
| Additional Benefits | Redeem rewards for cash back, gift cards, travel, and more | Access to airport lounges, $200 Airline Fee Credit, and more |
Rewards Highlights
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Earn 1X points on other eligible purchases.
Pros and Cons
Ink Business Cash® Credit Card
- Pros:
- No annual fee
- Strong cash back rewards on common business expenses
- Flexible redemption options
- Cons:
- Limited travel benefits
- Lower welcome bonus compared to premium cards
The Business Platinum Card® from American Express
- Pros:
- Extensive travel perks and lounge access
- High rewards earning potential on travel-related expenses
- Large welcome bonus
- Cons:
- High annual fee
- Complex benefits structure requiring enrollment
Who Should Consider Which Card?
- The Ink Business Cash® Credit Card is ideal for small business owners focused on everyday spending and cash back rewards without the burden of an annual fee.
- The The Business Platinum Card® from American Express is better suited for frequent travelers who can benefit from premium travel perks and are willing to pay a higher annual fee for extensive rewards and services.
Conclusion
When deciding between the Ink Business Cash® Credit Card and The Business Platinum Card® from American Express, consider your individual spending habits and financial goals. Each card offers distinct advantages, so choose the one that aligns best with your business needs.