Chase Ink Preferred vs. Chase Ink Cash?

We do receive compensation from our advertising partners for links on the blog. Here’s our full Advertiser Policy.

Chase currently offers two business Ink credit cards: the Chase Ink Preferred and the Ink Cash. Both the Ink Business Preferred and Chase Ink Cash cards can make an excellent option for your business purchases and travel. The one primary difference between both cards is how you can redeem your rewards points.

Let’s break down the comparison category-by-category to help determine the best Chase Ink Business credit card for you.

Is the Chase Ink Preferred or Ink Cash a better business credit card?

Is the Chase Ink Preferred or Ink Cash a better business credit card?

Sign-Up Bonus on Chase Ink Preferred vs Ink Cash

Ink Preferred: 80,000 bonus Ultimate Rewards points ($1000 value)
Ink Cash: $300 cash back (30,000 points)

Chase Ink Preferred

The Ink Preferred has the most valuable sign-up bonus of any Chase credit card that earns Ultimate Rewards points. Although you must spend $5,000 in the first three months of ownership. When redeemed for award travel on the Chase travel portal, your bonus is worth $1,000 in award travel thanks to the 25% travel redemption bonus. Of course, you can also transfer your points on a 1:1 basis to the Chase travel partners and be worth even more than $1,000!

Chase Ink Business Preferred Credit Card

Chase Ink Business Preferred Credit Card

If you don’t redeem your points for award travel or transfer them to a travel partner, they will only be worth $800 in cash back or gift cards.

Chase Ink Cash

With the Ink Cash, you will earn 30,000 Ultimate Rewards points after spending $3,000 in the first three months. These points are worth $300 in cash rewards, award travel, or gift cards. If you combine these bonus points with your Chase Sapphire are worth $375 in award travel.

Annual Fee for Chase Ink Preferred & Ink Cash

Ink Preferred: $95 (waived the first year)
Ink Cash: $0

As you will discover in this article, the Ink Preferred is basically the business version of the Sapphire Preferred, except you have the opportunity to earn bonus Ultimate Rewards points on your business-related purchases. If you like the flexibility of how you can earn or redeem your points, the $95 annual fee can be well worth it.

The Chase Ink Cash, on the other hand, doesn’t have an annual fee and can be the better option if you simply want cash rewards. Or, if you already own a Chase Sapphire card and only need a secondary business credit card to capture bonus points on the business spending categories that would only earn one point each with the Sapphire Preferred or Sapphire Reserve.

Earning Purchase Rewards

Ink Preferred: Earn up to 3 points per $1 on the first $150,000 in business spending categories
Ink Cash: Earn up to 5 points per $1 on business purchases for the first $25,000
*Both cards earn 1 point per dollar on all remaining purchases and 1% when you bonus category spending is maxed out for the year.

Both cards offer similar purchase rewards, but, there are a few differences.

Chase Ink Preferred

Let’s start with the Ink Preferred. You can earn 3 points per $1 on the first $150,000 combined spending each year on the following categories:

  • Travel
  • Shipping purchases
  • Internet, cable, and phone services
  • Advertising through social media and search engines

After you have spent $150,000 in combined purchases for the above categories, you will only earn one point per $1. For all other purchase categories, you will earn the unlimited everyday rate of 1 point per $1.

Chase Ink Cash

The Ink Cash has a 5-2-1 tiered rewards system and pays purchase rewards on two different purchase categories:

Earn 5 Points Per $1 (First $25,000 combined spending each year)

  • Office supply stores
  • Phone, internet, and cable services

Earn 2 Points Per $1 (First $25,000 combined spending each year)

  • Gas stations
  • Restaurants

You will earn 1% on all remaining purchases and 1% on all bonus category purchases when you have spent at least $25,001 each anniversary year.

Which Chase Ink Card Has Better Purchase Rewards?

The answer depends on how much you plan to spend and on what purchases. The Ink Cash is better for “around town” purchases if you plan on buying a client’s lunch or buy your office supplies from your local Staples or Office Depot. Being able to earn double points on gas is also another nice touch as this is the only Chase card that lets you earn double points year round for this purchase type.

If you constantly travel for business and operate an online-based business, the Ink Preferred is by far the better option. You have the chance to earn 300,000 additional points if you can spend $150,000 in the bonus categories each year.

Redeeming Purchase Rewards

Ink Preferred: Redeem for award travel (25% bonus), cash back, gift cards, and transferred to a 1:1 travel partner
Ink Cash: Redeem for award travel, cash back, and gift cards

This is where the Ink Preferred earns its living. Why? Even though both credit cards earn Ultimate Rewards points, your points are more valuable with the Ink Preferred. Points redeemed for travel are worth 1.25 cents each (10,000 points=$125) instead of the usual value of one cent per mile (10,000 points=$100). And, you can also transfer your points to a 1:1 Ultimate Rewards travel partner  

Transferring Ultimate Rewards points to travel partners can help keep points active.

With the Ink Cash, all points are only worth one cent each regardless of how you redeem your rewards. As the name of the card implies, Ink Business Cash, cash back rewards will be the best option. If you also own a Chase Sapphire or Ink Business Preferred, the points earned with your Ink Cash can be worth 1.25 cents each or transferred to a 1:1 travel partner as you can “pool” the Ultimate Rewards points earned by any Chase card you own (Sapphire, Freedom, Ink).

Additional Travel and Purchase Benefits

Both cards also have some nice benefits that will be similar to the Chase Sapphire Preferred. The Ink Business Preferred is still the better option as you can enjoy complimentary cell phone protection.

Chase Ink Preferred

Here are the highlights of the additional benefits Ink Preferred cardholders will enjoy:

  • $600 cell phone protection (3 claims per year)
  • Primary auto rental car damage waiver
  • Up to $5,000 in trip cancellation and trip interruption insurance
  • Complimentary roadside assistance

These additional benefits are virtually identical to the Chase Sapphire Preferred benefits. The one addition is that you get $600 in cell phone protection per claim. You can get up to three claims per year ($1800 per year) after paying a $100 per claim deductible.

Chase Ink Cash

The Ink Cash has some travel benefits, but, nothing to the extent of the Ink Preferred:

  • Primary auto rental car damage waiver
  • Complimentary roadside assistance
  • Extended warranty protection

You won’t get free cell phone protection or trip cancellation coverage as you will with the Ink Preferred. But, you’re not paying a $95 annual fee either.

Summary on the Chase Ink Preferred vs. Ink Cash

Who wins the Ink Preferred vs. Ink Cash debate? Let’s find out:

The Ink Preferred Wins When…

The Ink Preferred is the better option when you want a card that can provide the following:

  • Has a much higher sign-up bonus worth $1,000 in travel
  • You want to earn three points per $1 on travel and business-related purchases
  • Redeem points for 1.25 cents for travel or transfer on a 1:1 basis
  • Enjoy additional cardholder benefits like cell phone protection and trip cancellation insurance

The Ink Cash Wins When…

  • You want to earn bonus points on business purchases without paying an annual fee
  • Spend less than $25,000 for the 5% and 2% bonus categories
  • Can also redeem your points with a Chase Sapphire to receive the 25% redemption bonus or transfer to a 1:1 travel partner

Both Chase Ink Business credit cards are excellent options to capture bonus rewards points on your business purchases, but the Ink Preferred a much higher sign-up bonus worth at least $1,000 in travel. And, if you own the Ink Business Preferred you basically get a business card version of the Chase Sapphire Preferred, which is one of the best travel rewards cards you can hold in your wallet.

Geoff Whitmore

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Chase Ink Preferred vs. Chase Ink Cash?
5 (100%) 1 vote

About the Author

Geoff Whitmore
Geoff writes about how to book travel with award miles & points, reviews top travel credit cards, and basic rewards news.

2 Comments on "Chase Ink Preferred vs. Chase Ink Cash?"

  1. Ink cash is 2x on gas and dining, not 3x

Leave a comment

Your email address will not be published.