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Ink Business Premier® Credit Card vs The Business Platinum Card® from American Express
This comparison aims to help you decide between the Ink Business Premier® Credit Card from Chase and The Business Platinum Card® from American Express. Both cards offer unique benefits tailored for business owners, but their features cater to different spending habits and needs.
Card Overviews
Ink Business Premier® Credit Card
The Ink Business Premier® Credit Card is designed for small business owners who value cash back and flexible spending options. With a solid rewards structure and no foreign transaction fees, it’s ideal for businesses that often make larger purchases and travel frequently.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is tailored for business travelers and high spenders. Its extensive travel benefits, including access to airport lounges and substantial rewards on travel bookings, make it an attractive option for those who prioritize travel perks and premium services.
Detailed Feature Comparison
| Feature | Ink Business Premier® Credit Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $195 | $695 |
| Welcome Bonus | Earn $1,000 bonus cash back after you spend $10,000 in the first 3 months | 150,000 Membership Rewards® points after spending $20,000 in 3 months, plus $500 statement credit after spending $2,500 on qualifying flights |
| Rewards Structure | Unlimited 2.5% cash back on purchases of $5,000 or more and 2% cash back on all other business purchases | 5X points for flights and prepaid hotels booked via AmexTravel.com; 1.5X points on certain purchases; 1X points on others |
| Foreign Transaction Fee | None | None |
| Other Fees | None specified | Terms apply |
| Additional Benefits | Trip Cancellation Insurance, Purchase Protections, Digital tools for spending | Airport lounge access, $200 Airline Fee Credit, $199 CLEAR® Plus Credit, $1,000 in statement credits on select purchases |
Rewards Highlights
Ink Business Premier® Credit Card
- 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.
The Business Platinum Card® from American Express
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals booked at AmexTravel.com.
- Earn 1.5X points on eligible purchases at certain retailers and on purchases of $5,000 or more.
- Earn 1X points on other eligible purchases.
Pros and Cons
Ink Business Premier® Credit Card
- Pros:
- Lower annual fee compared to competitors.
- Generous cash back on large purchases.
- No foreign transaction fees.
- Flexible payment options for qualifying purchases.
- Cons:
- Lower welcome bonus compared to premium cards.
- Less comprehensive travel benefits.
The Business Platinum Card® from American Express
- Pros:
- Extensive travel perks and lounge access.
- High welcome bonus potential.
- Comprehensive rewards structure for travel-related expenses.
- Cons:
- High annual fee may be prohibitive for some businesses.
- Complex rewards structure may be less straightforward.
Who Should Consider Which Card?
- Ink Business Premier® Credit Card: Ideal for small business owners who want straightforward cash back rewards and plan to make larger purchases, especially if they are looking for a lower annual fee and no foreign transaction fees.
- The Business Platinum Card® from American Express: Best suited for frequent travelers who value premium travel benefits and are willing to pay a higher annual fee for extensive perks such as lounge access and comprehensive travel credits.
Conclusion
When choosing between the Ink Business Premier® Credit Card and The Business Platinum Card® from American Express, consider your individual spending patterns and business needs. Each card offers distinct advantages that cater to different financial goals and spending habits.