Chase Ink Business Preferred vs Chase Ink Cash | Best Chase Business Credit Card

See why the AMEX Platinum is my top recommended military credit card.
I can show you how to get your 1st $550 annual fee waived when you sign up for my Ultimate Military Credit Cards course

Military Money Manual has partnered with CardRatings for our coverage of credit card products. Military Money Manual and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Thank you for supporting my independent, veteran owned site.

The Chase Ink Business credit card family includes the Chase Ink Business Preferred, the Chase Ink Business Cash, and the Chase Ink Business Unlimited. Today let’s compare two of the most valuable business credit cards – the Chase Ink Business Preferred and the Chase Ink Business Cash card.

Chase Ink Business Preferred

Chase Ink Business Preferred Veteran and Military
  • 80,000 point welcome offer when you spend $5000 in the first 3 months
  • 3x points on travel, shipping, internet, cable, phone
  • $600 cell phone coverage
  • No foreign transaction fees
  • $95 annual fee

Chase Ink Business Cash

Chase Ink Business Cash Credit Card for Veterans and Military
  • $500 cash back welcome offer (50,000 UR points)
  • 5% cash back on office supply stores, internet, cable, phone services
  • 2% cash back on restaurants and gas
  • 1% cash back on everything else
  • No ($0) annual fee

Business credit cards offer some of the best welcome bonuses out there. Both cards, the Ink Cash and Ink Preferred, are part of the Chase Ultimate Rewards ecosystem and earn Ultimate Rewards for the welcome offer and for ongoing spending.

The Ink Business Preferred and Ink Business Cash cards have many similarities. If you’re wondering if the Chase Ink Preferred metal or the Chase Ink Cash are metal, the answer is no for both. They are both plastic.

The two cards also have many important differences – in this article we’ll compare the Ink Preferred and Ink Cash to help you find out which Chase business card is best for you.

The difference between a business credit card and a personal card

Before we compare the Ink Preferred vs Ink Cash cards, it’s best to talk about what the difference is between a business card and a personal card.

With personal credit cards there are no special requirements. However, if you’re wondering can I get Chase Ink card without a business, the answer is that business credit cards do require you to have a valid business.

But as we talked about when we reviewed the best business credit cards for veterans and military, you may have a business even if you don’t think that you have one.

If you are wondering how do you qualify for Chase Ink business preferred, then if you do any kind of side hustle (think giving flight lessons, selling things on eBay, driving for Uber, etc), then you have a business and qualify for the Chase Ink card.

I explained in my article on “Can you get a business credit card without a business?” that you don't need an LLC, EIN, or incorporated business to open a business credit card. A Social Security Number and a sole proprietorship is enough.

What is the Chase Ink card?

One question that many people ask is “What is the Chase Ink card?” There are currently 3 different kinds of Chase Ink cards available:

Chase Ink Business Preferred Veteran and Military
Chase Ink Business Unlimited Credit Card for Veterans and Military
Chase Ink Business Cash Credit Card for Veterans and Military

There also used to be the Chase Ink Business Plus and the Chase Ink Business Bold cards, which some people still have. Unfortunately, the Plus and Bold versions of the Chase Ink cards are no longer available for new applicants. In this article, we will be comparing the Chase Ink Business Cash vs Chase Ink Business Preferred cards.

Chase Ink Business Preferred Review

First off, let’s talk about the Chase Ink Business Preferred for military servicemembers. The Chase Ink Business Preferred card currently has a welcome offer of 80,000 Ultimate Rewards after you spend $5000 in the first 3 months. It also offers the following benefits:

  • 3x points on spending on travel, shipping purchases, Internet, cable and phone services
  • 3x points on any online advertising purchases
  • It also offers up to $600 coverage against theft or damage when you pay your cell phone bill with your Chase Ink Business Preferred. There is a $100 deductible on this benefit but it is still significantly better than the phone protection plans offered by the major cell phone carriers.
  • No foreign transaction fees when making purchases overseas.

The Chase Ink Business Preferred does come with a $95 annual fee that is not waived the first year. Although Chase does waive their annual fees for military servicemembers on their personal cards, they do still charge annual fees on their Chase business cards such as the Chase Ink Business Preferred for veterans.

Chase Ink Business Cash review

Now let’s talk about the Chase Ink Business Cash for military veteran small business owners, as an alternative to the Chase Ink Business Preferred card.

Currently the Chase Ink Business cash card is offering a welcome offer of 50,000 Ultimate Rewards after spending $3000 in 3 months. Chase typically markets the welcome offer on the Chase Ink Business Cash as $500, but it comes as 50,000 Ultimate Rewards.

If you only have the Chase Ink Business Cash card then your Ultimate Rewards can only be redeemed for 1 cent per point, but if you have a premium Chase card such as the Chase Ink Business Preferred, Chase Sapphire Preferred or Chase Sapphire Reserve cards, you can combine your Ultimate Rewards and potentially redeem them for 1.25 or 1.5 cents per point, or even transfer them to Chase’s airline or hotel partners to get even more value.

You can learn more about Chase Sapphire Preferred military benefits, Chase Sapphire Reserve military benefits, and compare the Chase Sapphire Reserve vs the Chase Sapphire Preferred military benefits here.

Here are some of the benefits of the Chase Ink Business Cash card for veterans:

  • 5x Ultimate Rewards at office supply stores and on internet, cable and phone services. This is up to the first $25,000 spent.
  • 2x Ultimate Rewards spent at gas stations and restaurants (again, up to the first $25,000 spent in these categories)

And unlike the Chase Ink Business Preferred card, the Chase Ink Cash card comes with NO annual fee.

Which Chase Ink card is best for veterans?

If you’re wondering which Chase Ink card is best for military servicemembers or veterans, there are many different factors to consider. One thing to consider is your specific spending habits. Take a look at the different bonus categories for the Chase Ink Business Preferred vs Chase Ink Cash card. 

Another thing to think about is the welcome offer on the Chase Ink Business Cash card vs Chase Ink Business Preferred cards. The welcome offer on the Chase Ink Business Preferred card (80,000 Ultimate Rewards) is significantly higher than the $500 (50,000 Ultimate Rewards) offered by the Chase Ink Business Cash card, and in my view is well worth the $95 annual fee.

Can you downgrade the Chase Ink Business Preferred?

If you do end up applying for the Chase Ink Business Preferred card for the 80,000 Ultimate Rewards welcome offer, then you will pay the $95 annual fee when you apply for the card. When your cardmember anniversary comes around in another 12 months, you might wonder if you can downgrade the Chase Ink Business Preferred?

You absolutely can downgrade your Chase Ink Business Preferred card to a no annual fee Chase Ink Business Cash card after a year and get the best of both worlds.

The same thing applies in reverse. If you have applied for the Chase Ink Cash card and are wondering how do I increase my Chase Ink Cash card, you can upgrade it to the Chase Ink Business Preferred card if you prefer those bonus categories.

If you find yourself in that situation though, my recommendation would be to first apply for a new Chase Ink Business Preferred card and only then close your Chase Ink Cash card, if you are are no longer getting value from it.

If you simply upgrade your Chase Ink Cash card to a Chase Ink Preferred card, you will miss out on the welcome offer for the Ink Preferred which is currently 80,000 Ultimate Rewards – worth at least $1,000 towards travel.

I hope that this comparison of the Chase Ink Business Preferred vs Chase Ink Business Cash cards has helped you figure out which card might be best for you.

Let us know in the comments which card you applied for and if you have any questions about your eligibility for business credit cards.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.