Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Credit Cards

Credit card showdown: Chase Ink Business Preferred vs. Ink Business Premier

admin by admin
December 24, 2021
in Credit Cards
0
Credit card showdown: Chase Ink Business Preferred vs. Ink Business Premier

While the welcome offers for the Ink Business Preferred and Ink Business Premier might look similar on the surface, they are actually quite different due to the difference in how you can redeem the rewards earned between the two cards.

With the Ink Business Preferred, you’ll earn 100,000 Ultimate Reward bonus points after spending $15,000 in the first three months. Points earned from the card are worth 1.25 cents apiece when redeemed through the Chase Ultimate Rewards travel portal, or they can be transferred to any of Chase’s travel partners at a 1:1 ratio. This means the 100,000 points earned are worth a minimum of $1,250 toward travel, although you can potentially get much more value from them by transferring to the Ultimate Rewards program’s 11 airline and three hotel partners, including United, Southwest and World of Hyatt.

Related articles

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

How-to Alter your Credit having Payday loan Shelter

The Ink Business Premier is also offering 100,000 Ultimate Reward bonus points ($1,000 cash back) after you spend $10,000 in purchases within the same three-month time frame. This cash back is earned in the form of Ultimate Rewards points. But unlike those from the Ink Business Preferred, you cannot transfer these to the program’s airline and hotel partners. Nor can you transfer them to your Ultimate Rewards account linked to another card like the Chase Sapphire Preferred Card so that they become transferable (though you can transfer Ultimate Rewards points from your other card accounts into the one linked to your Ink Business Premier). Instead, these points are always worth just 1 cent apiece, whether you redeem them for cash back or for things like statement credits, gift cards and travel through the Chase portal. So this welcome offer is worth $1,000 no matter how you use it.

Related: The power of the Chase Trifecta

Winner: When comparing the two cards side by side, the Ink Business Preferred card has the upper hand since its points are worth more when redeemed for travel. However, if you’re looking for a purely cash-back welcome offer, then the Ink Business Premier is a better option since the minimum spending requirement to earn the bonus is much less.

Bonus earning categories

The Ink Business Preferred offers more bonus categories than the Ink Business Premier, so that you’ll earn 3 points per dollar spent on the first $150,000 in combined purchases per account year in the following categories:

  • 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 cents per point, based on TPG’s valuation, this means you’re earning a 6% return on your category bonus purchases and a 2% return on all other purchases.

The Ink Business Premier offers both interesting bonus categories and strong everyday earning. With this card, you’ll accrue:

  • 5% total cash back on travel purchased through Chase Ultimate Rewards.
  • 2.5% total cash back on every purchase of $5,000 or more.
  • 2% cash back on every purchase.

To earn at least 2% cash back on every purchase you make is strong, but not unique. There are many other cash-back cards that also offer the same return, such as the Citi® Double Cash Card and Capital One Spark Cash Plus. But if you often make large purchases — those over $5,000 — then earning that extra half a percent in cash back can save you a lot of money in the end.

Winner: If you are looking to simplify your business expenses and to just have one card for everything, the Ink Business Premier is the winner. But that’s only if you are looking to earn cash back. If you prefer to earn travel rewards with your credit card purchases, then the Ink Business Preferred will give you more options.

 

Read more…

admin

admin

Related Posts

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

MEXICO CITY, Dec 20 (Reuters) - The United States is offering to help Mexico with loans to finance planned solar power stations in the northern state...

How-to Alter your Credit having Payday loan Shelter

Most people that have bad credit getting he has got no other possibilities than to get a quick payday loan when in a bind. If you...

Best Virtual Credit Cards for December 2022

Virtual credit cards allow you to keep your identity safe online by masking your personal details.Credit card fraud affected over 13 million Americans in 2021, and...

5 Ways Credit Cards Can Beat Buy Now, Pay Later Plans

At first glance, a “buy now, pay later” plan’s promise of no interest or upfront fees can seem more appealing than a credit card’s terms. Dividing...

Is Using Your Credit Card About to Get Cheaper?

When it comes to credit card processing, Visa and Mastercard are practically the only game in town. Here, we'll tell you how retailers are fighting back...

Next Post
Explained: What to look at before investing in ESG funds

Explained: What to look at before investing in ESG funds

“I’m Just Stuck In A Horror Movie”: Americans Saddled With Student Loan Debt Want Biden To Do More

“I'm Just Stuck In A Horror Movie”: Americans Saddled With Student Loan Debt Want Biden To Do More

The Minimum Book Tax is Not a “Second Best” Reform

The Minimum Book Tax is Not a “Second Best” Reform

No Result
View All Result

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

RECOMMENDED

This New Tool Finds Job Openings at Companies That Will Help You Pay Down Your Student Loans
Loans

This New Tool Finds Job Openings at Companies That Will Help You Pay Down Your Student Loans

Uncategorized

I Bonds: What are they and how can you invest to earn a 7% return?

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

© 2022 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2022 Our Finance Guide, All Rights Reserved.