Ink Business Premier® Credit Card vs The Platinum Card® from American Express

This comparison aims to assist users in deciding between the Ink Business Premier® Credit Card from Chase and The Platinum Card® from American Express. Both cards cater to different financial needs and spending habits, so understanding their features is crucial for making an informed choice.

Card Overviews

Ink Business Premier® Credit Card

The Ink Business Premier® Credit Card is designed for small business owners who are looking to earn cash back on their business expenses. This card offers a strong rewards structure tailored to those who make larger purchases, along with valuable travel benefits and protections.

The Platinum Card® from American Express

The Platinum Card® from American Express targets travelers and luxury seekers, providing extensive travel perks, premium rewards, and exclusive access to events and experiences. It's ideal for those who frequently travel or prefer a high-end lifestyle.

Detailed Feature Comparison

Rewards Highlights

Ink Business Premier® Credit Card Rewards

• 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 Platinum Card® from American Express Rewards

• Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
• Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.

Pros and Cons

Ink Business Premier® Credit Card

• Pros:
  • Lower annual fee compared to premium cards.
  • Strong cash back rewards on large purchases.
  • No foreign transaction fees.
  • Built-in protections for purchases.
• Cons:
  • Limited bonus categories compared to travel-focused cards.
  • Higher spending required to earn 2.5% cash back.

The Platinum Card® from American Express

• Pros:
  • Extensive travel benefits and lounge access.
  • High rewards potential for travel-related purchases.
  • Multiple statement credits for various services.
• Cons:
  • High annual fee.
  • Requires considerable spending to maximize benefits.

Who Should Consider Which Card?

• Ink Business Premier® Credit Card: Best for small business owners looking for a straightforward cash back rewards structure without high fees, especially those making larger purchases.
• The Platinum Card® from American Express: Ideal for frequent travelers and luxury consumers who value premium services, travel perks, and are willing to pay a higher annual fee for extensive benefits.

Conclusion

Ultimately, the decision between the Ink Business Premier® Credit Card and The Platinum Card® from American Express should depend on your individual spending patterns and financial goals. Consider where you spend the most and what benefits are most valuable to you to choose the card that aligns with your lifestyle.

“Disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.”