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Ink Business Unlimited® Credit Card vs The Business Platinum Card® from American Express
This comparison aims to help you decide between the Ink Business Unlimited® Credit Card and The Business Platinum Card® from American Express. Both cards offer unique benefits tailored for business owners, but their features and costs may cater to different financial needs and spending habits.
Card Overviews
Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card is designed for small business owners who want a straightforward cash back rewards program without the hassle of an annual fee. It offers unlimited cash back on all purchases, making it an excellent choice for businesses with varied spending needs.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is aimed at business travelers and those who frequently spend on premium services. With a high annual fee, it offers extensive travel perks, including lounge access and significant rewards on travel-related purchases, making it ideal for those who prioritize travel benefits.
Detailed Feature Comparison
| Feature | Ink Business Unlimited® Credit Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | No Annual Fee | $695 |
| Welcome Bonus | $750 bonus cash back after spending $6,000 in 3 months | 150,000 Membership Rewards® points after spending $20,000 in 3 months + $500 statement credit for qualifying flights |
| Rewards Structure | 1.5% cash back on every purchase | 5X points on flights and hotels booked at AmexTravel.com; 1.5X on select purchases; 1X on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | No additional fees | Varies based on benefits |
| Additional Benefits | Employee cards at no cost, Zero Liability | Airport lounge access, statement credits for select purchases, travel perks |
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 Unlimited® Credit Card
- Pros:
- No annual fee
- Simple cash back rewards
- Generous welcome bonus
- No foreign transaction fees
- Employee cards available at no cost
- Cons:
- Lower rewards on travel-related purchases compared to premium cards
- No premium travel benefits
The Business Platinum Card® from American Express
- Pros:
- Extensive travel rewards and benefits
- Access to airport lounges
- High welcome bonus
- Various statement credits for select purchases
- Generous points on travel-related purchases
- Cons:
- High annual fee
- Complex rewards structure
Who Should Consider Which Card?
The Ink Business Unlimited® Credit Card is ideal for small business owners who prefer straightforward cash back rewards and minimal fees. It's suitable for those who want a no-nonsense approach to earning cash back on all business purchases.
The The Business Platinum Card® from American Express, on the other hand, is best for frequent travelers who can maximize the card's premium travel benefits and are willing to pay a higher annual fee in exchange for extensive rewards and services.
Conclusion
In conclusion, both the Ink Business Unlimited® Credit Card and The Business Platinum Card® from American Express offer unique advantages tailored to different business needs. Consider your spending habits, travel frequency, and financial goals to decide which card aligns best with your business strategy.