Chase Sapphire Preferred vs. Ink Business Preferred

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Link: Apply now for the Chase Sapphire Preferred® Card or Ink Business Preferred® Credit Card

Two of my favorite mid-range credit cards are the Chase Sapphire Preferred® Card (review) and the Ink Business Preferred® Credit Card (review). Both cards have “Preferred” in their names, and they have quite a bit of overlap. In this article I want to compare these two cards and discuss which one makes the most sense based on your situation.

Should you choose Chase Sapphire or Ink Business first?

The most basic difference between these cards is that the Chase Sapphire Preferred is a personal credit card, while the Ink Business Preferred is a small business credit card. Therefore, you should use this card for appropriate spending.

I would say these two cards could be complementary or replacements, depending on your spending patterns and your overall participation in the Chase Ultimate Rewards ecosystem.

Let’s compare various aspects of these two cards, including welcome bonuses, eligibility, annual fees, rewards structure, redemption opportunities, and benefits.

Compare welcome bonuses

Both cards offer excellent welcome bonuses:

winner: The ink business has a superior welcome bonus first, but the consumption demand is also higher. Honestly, both cards have great deals right now.

Use Chase points to redeem great hotel stays

Compare qualifications

Credit card application limits are a major consideration for potential cardmembers. In addition to Chase’s 5/24 rule (although it’s not necessarily enforced consistently anymore), there are a few other things to remember:

winner: The Ink Business Preferred has the advantage of being available to users with other cards in the portfolio, while the Sapphire Preferred does not have that advantage. However, please note the basics of applying for a Chase business card.

You can get all three Chase Ink cards

Annual fee comparison

The annual fees for both cards are the same:

winner: As you know, this is a tie because both cards have the same annual fee.

Compare reward structures

Both cards have bonus categories, but the bonus structures are still very different:

  • Chase Sapphire Preferred offers 3x points on dining, 3x points on online groceries and select streaming services, 2x points on travel, and 10% anniversary bonus points based on base points earned.
  • Ink Business Preferred offers 3x points on the first $150,000 in combined purchases of travel, transportation purchases, internet, cable, phone service, and social media and SEO ad purchases each account anniversary year

winner: I don’t think there’s an obvious answer here, it really depends on your spending. Sapphire Priority has some great bonus categories, but the Ink Business Priority bonus category is also great. Personally, I like that the Sapphire Preferred offers 3x dining points, and I like that the Ink Preferred offers 3x travel points.

Earn up to 3x points when traveling with Ink Preferred

Compare points redemption

For all practical purposes, the Chase Sapphire Preferred and the Ink Business Preferred are identical in their ability to redeem points:

winner: This is a tie because the redemption options are essentially the same for both cards.

Transfer Chase Points to Singapore Airlines KrisFlyer

Compare perks and benefits

Both cards have different benefits and cardholders will receive different values:

winner: While it depends on the consumer, I think the Sapphire Preferred has a slight edge when it comes to hotel points, Instacart, and DoorDash benefits.

Protect your phone with Ink Preferred

Which Chase “Preferred” card is better?

I think the Chase Sapphire Preferred and the Ink Business Preferred are two of the most well-rounded cards with annual fees under $100. I think there are advantages to having both of these cards and then supplementing them with other no-annual-fee cards.

If I had to choose between these two cards, which one would I choose?

  • Assuming you can complete the minimum purchase, you will not be able to take advantage of the Ink Business Preferred welcome bonus
  • The Chase Sapphire Preferred offers 3x dining points, while the Ink Business Preferred offers 3x travel points
  • The main consideration is whether you are looking for a personal business card or a business card; overall, I think the Ink Business Preferred is a slightly stronger card, but both are excellent

Personally, I think there are benefits to having both cards because you get a lot of value for only paying an annual fee of under $200. Another strategy might be to choose the Chase Sapphire Reserve instead of the Chase Sapphire Preferred, as this card is packed with benefits and offers a $300 annual travel credit, Priority Pass membership, access to the Chase Sapphire Lounge, and more.

If you value airport lounge access, consider Sapphire Reserve

bottom line

The Chase Sapphire Preferred and Ink Business Preferred are both very compelling cards. Personally, I think there are benefits to having both cards, and which card makes the most sense for you depends on whether you need a personal card or a business card. Both are excellent ultimate rewards “hub” cards that allow you to maximize the value of your other Chase cards, such as Chase Freedom Unlimited and Ink Business Unlimited.

Which Chase “preferred” card do you prefer—the Chase Sapphire Preferred Card or the Ink Business Preferred Card?

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