Chase Ink Business Preferred vs. Ink Business Unlimited: Which Ink card is best for your business?
The business credit card market is crowded with many great options. Deciding which is best for your business' needs can be difficult.
Chase has four small-business cards in the Ink family. The Ink Business Preferred® Credit Card is a TPG favorite with a $95 annual fee, various perks and the ability to earn ultra-valuable Chase Ultimate Rewards points that can be transferred to travel partners.
The Ink Business Unlimited® Credit Card (see rates and fees) is a no-annual-fee, cash-back card with an unlimited flat 1.5% earnings rate.
Let's look at both cards and dig deeper into which fits your business better.
The information for the Ink Business Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Ink Business Preferred vs. Ink Business Unlimited comparison
| Ink Business Preferred | Ink Business Unlimited | |
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Annual fee | $95 | $0 |
Welcome offer | Earn 90,000 bonus points after spending $8,000 on purchases in the first three months from account opening. | Earn $750 bonus cash back after spending $6,000 on purchases in the first three months from account opening. |
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Card benefits |
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Ink Business Preferred vs. Ink Business Unlimited welcome offer
With the Ink Business Preferred, new applicants will earn 90,000 points after spending $8,000 on purchases in the first three months after account opening.
Based on TPG's August 2024 valuations, this welcome offer is worth $1,845.
The Ink Business Unlimited offers new applicants $750 back after they spend $6,000 on purchases in the first three months after opening an account. If you hold a card that earns Ultimate Rewards points, you can use your cash-back rewards as points and transfer them to one of Chase's transfer partners.
It is important to note that both of these cards are subject to Chase's 5/24 rule.
Winner: Ink Business Preferred. This card offers a higher welcome offer.
Related: The power of the Chase Trifecta: Sapphire Reserve, Ink Preferred and Freedom Unlimited
Ink Business Preferred vs. Ink Business Unlimited benefits
Both cards share similar benefits regarding travel and purchase protections.
- Primary car rental coverage: If you use either card for the entire rental cost and travel for business purposes, you're covered for theft and damage in the U.S. and most countries worldwide. Remember that this doesn't offer liability coverage, but you are covered up to the actual cash value of the vehicle you're renting.
- Purchase protection: This policy covers new purchases for up to 120 days against damage or theft, up to $10,000 per claim and $50,000 per account.
- Extended warranty: This extends a U.S. manufacturer's warranty period by an additional year on eligible warranties of three years or less.
- Employee cards: Get additional cards for your employees at no cost.
The Ink Business Preferred has a few more notable benefits not included with the Ink Business Unlimited. These include:
- Cellphone protection: If you pay your monthly cellphone bill with your card and your cellphone is stolen or damaged, you can receive up to $1,000 per claim, with a $100 deductible — for up to three claims per year.
- Trip cancellation/interruption insurance: If you must cancel or cut a trip short because of a covered issue (such as illness or severe weather), you're eligible for up to $5,000 of coverage per person for prepaid, nonrefundable travel expenses, which provides great peace of mind when unexpected problems arise. Coverage is limited to $10,000 per trip.
It's also important to note that the Ink Business Unlimited has a 3% foreign transaction fee while the Ink Business Preferred has no foreign transaction fee, so if you travel internationally frequently, this is something to be mindful of.
Winner: The Ink Business Preferred. This card edges out the Ink Business Unlimited by including cellphone protection and trip cancellation/interruption insurance and lacking a foreign transaction fee.
Related: How to meet minimum spending on the Ink Business Preferred: $8,000 in 3 months
Earning rewards on the Ink Business Preferred vs. the Ink Business Unlimited
The Ink Business Preferred offers more bonus categories than the Ink Business Unlimited. As a cardholder, you'll earn 5 points per dollar spent on Lyft rides through Sept. 30, 2027. You'll also earn 3 points per dollar on up to $150,000 in combined purchases per account year on:
- Travel
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines
On all other purchases or after you spend $150,000 combined in the above bonus categories, you'll earn 1 point per dollar spent.
Since Chase Ultimate Rewards are worth 2.05 cents per point, based on TPG's valuations, you're earning a 6.15% return on your category bonus purchases and a 2.05% return on all other purchases.
As for the Ink Business Unlimited, cardholders earn 5% cash back on Lyft rides through Sept. 30, 2027 and a flat 1.5% cash back on all purchases, with no spending cap.
Winner: The Ink Business Preferred. This card allows you to earn bonus rewards in more categories.
Related: How to redeem Chase Ultimate Rewards points for maximum value
Redeeming rewards on the Ink Business Preferred vs. the Ink Business Unlimited
Even though both cards are in the Ink family, their redemption options are very different.
With the Ink Business Preferred, you can redeem your points in three ways. You can redeem them for cash back, where your points are worth 1 cent apiece. You can also use them for travel in two different ways.
You can either redeem points toward travel through the Chase travel portal, where points are worth up to 1.75 cents each, depending on the specific redemption (see your rewards program agreement for full details), or transfer them to one of Chase's 14 valuable airline and hotel transfer partners at a 1:1 ratio.
With the Ink Business Unlimited, you can redeem your points for cash back, gift cards or travel through Chase Travel.
Suppose you want to take advantage of Chase's transfer partners. In that case, you must combine your rewards from the Ink Business Unlimited with a full-fledged Ultimate Rewards-earning card like the Ink Business Preferred, the Chase Sapphire Preferred or the Chase Sapphire Reserve.
Winner: The Ink Business Preferred. Both cards can redeem rewards for cash back or travel through Chase Travel, but the Ink Business Preferred doesn't require you to carry another card to access Chase's travel partners.
Related: Why I chose the Ink Business Preferred over the Chase Sapphire Reserve
Should I get the Ink Business Preferred or the Ink Business Unlimited?
If you spend a lot on bonus categories such as advertising or shipping and want to utilize Chase's transfer partners, the Ink Business Preferred is a great option to help you maximize your rewards-earning potential. If you want a one-card setup and don't want to worry about bonus categories, I recommend the Ink Business Unlimited with its flat unlimited cash-back earnings instead.
Bottom line
Both cards are solid options; it comes down to your business' needs. Both offer various travel and purchase protections and the ability to earn valuable points or cash back, so your business can't go wrong with either.
Choose the Ink Business Preferred if you want to maximize earnings with bonus categories or the Ink Business Unlimited if you want a simplified approach with a flat cash-back rate.
To learn more, read our full reviews of the Ink Business Preferred and the Ink Business Unlimited.
Learn more: Ink Business Preferred
Apply here: Ink Business Unlimited
TPG featured card
Rewards
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.