Chase Ink vs Amex Business: Which Business Credit Card is Right for You?

As a business owner, choosing the right credit card can be a daunting task. With so many options available, it can be difficult to determine which one will best suit your needs. Two popular choices are the Chase Ink and American Express Business credit cards. In this article, we will compare the features and benefits of each card to help you make an informed decision.

Chase Ink

The Chase Ink Business credit card offers a variety of benefits that make it an attractive option for small business owners. One of the most significant benefits is the generous rewards program. Cardholders earn 5% cash back on the first $25,000 spent annually on office supplies, internet, cable, and phone services. Additionally, they earn 2% cash back on the first $25,000 spent annually at gas stations and restaurants and 1% cash back on all other purchases.

Another benefit of the Chase Ink card is its sign-up bonus. New cardholders can earn $750 cash back after spending $7,500 in the first three months of account opening. This bonus can go a long way in helping small businesses offset their expenses.

The Chase Ink card also offers a 0% introductory APR for the first 12 months on purchases and balance transfers. This can be particularly helpful for businesses that need to make large purchases or transfer balances from other high-interest credit cards.

Finally, the Chase Ink card comes with additional perks such as travel and purchase protection, extended warranty coverage, and roadside assistance.

American Express Business

The American Express Business credit card is another popular option for small business owners. Like the Chase Ink card, it offers a rewards program that allows cardholders to earn points on their purchases. However, instead of cash back, these points can be redeemed for travel, merchandise, and other rewards.

One of the standout features of the American Express Business card is its travel benefits. Cardholders have access to a variety of travel perks, including airport lounge access, travel insurance, and concierge services. Additionally, they can earn bonus points on travel purchases such as flights and hotels.

The American Express Business card also offers a 0% introductory APR for the first 12 months on purchases and balance transfers. This can be helpful for businesses that need to make large purchases or transfer balances from other high-interest credit cards.

Finally, the American Express Business card comes with additional perks such as purchase protection, extended warranty coverage, and roadside assistance.

Chase Ink vs Amex Business: Which Card is Right for You?

When deciding between the Chase Ink and American Express Business credit cards, there are several factors to consider. Here are some key points to keep in mind:

Rewards Program: If you prefer cash back rewards, the Chase Ink card may be the better option for you. However, if you are interested in earning points that can be redeemed for travel and other rewards, the American Express Business card may be a better fit.

Travel Benefits: If you frequently travel for business, the American Express Business card may be the better option due to its extensive travel benefits. However, if you do not travel often, this may not be a significant factor in your decision.

Introductory APR: If you need to make large purchases or transfer balances from other high-interest credit cards, both cards offer a 0% introductory APR for the first 12 months. However, keep in mind that after the introductory period ends, the APR will increase.

Sign-Up Bonus: If you are looking for a substantial sign-up bonus, the Chase Ink card may be the better option. However, keep in mind that you will need to spend a significant amount of money in the first three months to qualify for the bonus.

Additional Perks: Both cards offer additional perks such as purchase protection, extended warranty coverage, and roadside assistance. Consider which perks are most important to you when making your decision.

Conclusion

Choosing the right credit card for your business is an important decision. The Chase Ink and American Express Business credit cards both offer a variety of benefits that can help small business owners offset their expenses and earn rewards on their purchases. When deciding between the two, consider factors such as the rewards program, travel benefits, introductory APR, sign-up bonus, and additional perks. By carefully weighing these factors, you can choose the card that best suits your business needs.