Chase Sapphire Preferred Vs. Ink Business Preferred

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Two of my favorite mid-range credit cards are the Chase Sapphire Preferred® Card (review) and Ink Business Preferred® Credit Card (review). Both of these cards have “Preferred” in the name, and they also have quite a bit of overlap. In this post I wanted to compare the two cards, and talk about which makes the most sense depending on your situation.

Should you get the Chase Sapphire Preferred Or Ink Business Preferred?

The most basic and obvious 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. I’d say the two cards could be complements or substitutes, depending on your spending patterns and your overall involvement in the Chase Ultimate Rewards ecosystem.

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

Comparing welcome bonuses

Both of these cards offer excellent welcome bonuses:

Winner: The Ink Business Preferred has an exceptional (and superior) welcome bonus, with the catch being that the spending requirement is significantly bigger.

Redeem Chase points for amazing hotel stays

Comparing eligibility

Credit card application restrictions are a major consideration for prospective card members. In addition to Chase’s 5/24 rule, there are some other things to keep in mind:

Winner: The Ink Business Preferred has the benefit of being available to those with other cards in the portfolio, while the Sapphire Preferred does not have that benefit. However, be aware of the basics of applying for Chase business cards.

You can get all three Chase Ink cards

Comparing annual fees

Both cards have identical annual fees:

Winner: As you can tell, this is a tie, as both cards have identical annual fees.

Comparing rewards structures

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

  • The Chase Sapphire Preferred offers 3x points on dining, 2x points on travel, and 10% anniversary bonus points (calculated from base points earned)
  • The Ink Business Preferred offers 3x points on the first $150,000 spent in combined purchases per account anniversary year on travel, shipping purchases, internet, cable, phone services, and advertising purchases on social media and search engine optimization

Winner: I don’t think there’s an obvious answer here, and that it really depends on your spending profile. The Sapphire Preferred has some great bonus categories, but the Ink Business Preferred bonus categories are awesome as well.

Earn up to 3x points on travel with the Ink Preferred

Comparing points redemptions

For all practical purposes, the Chase Sapphire Preferred and Ink Business Preferred are identical when it comes to the ability to redeem points:

Winner: This is a tie, as redemption options are basically the same between the two cards.

Transfer Chase points to Singapore Airlines KrisFlyer

Comparing perks & benefits

Both cards have different perks, which cardmembers will get different value out of:

Winner: While it depends on the consumer, I’d say the Sapphire Preferred has the slight edge here, for the hotel credit, Instacart, and DoorDash perks.

Get cell phone protection with the Ink Preferred

Which Chase “Preferred” card is better?

I’d argue that the Chase Sapphire Preferred and Ink Business Preferred are the two most well-rounded cards out there with annual fees of under $100. I think there are merits to having both of these cards, and then complementing them with other no annual fee cards.

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

  • You can’t beat the welcome bonus on the Ink Business Preferred, assuming you can complete the minimum spending
  • The Chase Sapphire Preferred is awesome for offering 3x points on dining, while the Ink Business Preferred is awesome for offering 3x points on travel
  • A major consideration is whether you are looking for a personal or business card; on balance I’d say the Ink Business Preferred is a slightly stronger card, but both are excellent

Personally I think there’s merit to having both of these cards, as you’ll pay under $200 in annual fees, and get lots of value. Another strategy could be to pick up the Chase Sapphire Reserve instead of the Chase Sapphire Preferred, as the perks-rich card offers a $300 annual travel credit, Priority Pass membership, and much more.

Consider the Sapphire Reserve if you value airport lounge access

Bottom line

The Chase Sapphire Preferred and Ink Business Preferred are both extremely compelling cards. Personally I think there’s merit to having both of them, and which card makes the most sense for you depends on whether you need a personal or business card. Both are also excellent Ultimate Rewards “hub” cards, allowing you to maximize the value of other Chase cards, like the Chase Freedom Unlimited and Ink Business Unlimited.

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

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