Ink Business Preferred vs. Amex Business Gold

Business owners need as many tools at their disposal as possible, and the right business credit card can be one of them, whether to help with cash flow, purchase inventory, or cover travel expenses. Choosing the right credit card for your business is no different than choosing a card for your personal money. The right card comes to which one works best for your organization with reward pricing, redemption options, or the cost of annual fees.

These subtle parameters—and more—are explored for business owners considering a Chase Ink Business Preferred® credit card or American Express Business Gold Card. As it turns out, any business owner who engages in a significant amount of travel can take advantage of any of these cards. But annual fees, welcome bonus or bonus rate may be enough to make one a clear winner for your business.

Key details

welcome bonus 100,000 reward points after spending $15,000 on purchases in the first 3 months of account opening 70,000 Membership Rewards points after you spend $10,000 on eligible purchases during the first three months of card membership
Rewards rate 3 times the points on the first $150,000 spent on travel and select business classes for each annual account year (then 1X points); 1x point on all other purchases 4x points for up to $150,000 per year in two select categories your business spends more per billing cycle; Double car rental points booked through AmexTravel.com
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Annual fee $95 $295

Advantages of Ink Business Preferred vs. Amex Business Gold

If your business requires a credit card for travel expenses, both cards reward you with a strong profit structure for travel-related purchases and higher redemption values ​​when you use travel rewards.

Welcome Bonus Winner: Ink Business Preferred

Both cards include great welcome offers. However, Ink Business Preferred earns 100,000 bonus points after spending $15,000 on purchases in the first three months of account opening. It’s worth about $1,000 in cash or $1,250 in travel when redeemed through Chase Ultimate Rewards (thanks to the 25 percent bonus on travel redemptions offered by the card). Furthermore, your points can be worth up to $2,000 in Chase transportation partner travel, according to reviews from The Points Guy.

On the other hand, Amex Business Gold rewards cardholders can earn a welcome bonus of 70,000 Membership Rewards points after spending $10,000 on eligible purchases during the first three months of card membership – which is $875 worth for flights booked through Payment through the US travel portal. With the option of points (or potentially up to $1,400 in American Express Transfer Partner travel).

Reward rate winner: Amex Business Gold

Amex Business Gold outperforms Ink Business Preferred for those companies as spending falls into two of six categories, including airline tickets, advertising, gas stations, restaurants, shipping, and computer services. American Express chooses the two categories you spend the most in each billing cycle and rewards you with 4 points (up to $150,000 in annual spending, then 1X points). Note that you will also earn 2X Points on rental cars booked through American Express Travel.

Also of note is the Ink Business Preferred rewards rate, since cardholders earn 3X Points on up to $150,000 in combined purchases on each account anniversary – on eligible purchases of travel, shipping, internet, cable, phone, and select ad purchases, Permission 1X points. All other purchases will also earn 1X points.

Annual Fee Winner: Ink Business Preferred

Ink Business Preferred is the clear winner in the annual fee category. Not only is the $95 annual fee significantly lower than the $295 annual fee for Amex Business Gold, but there is no additional cost for employee cards. Amex Business Gold charges an annual fee of $50 for the first employee card you add, although you won’t be charged up to 99 additional cards.

Foreign Transaction Fee Winner: TIE

Neither card charges foreign transaction fees, making both ideal for business owners or employees traveling outside the country.

Which card do you win the most?

Example Ink Business Preferred vs. Amex Business Gold

To start, let’s say you earn an Ink Business Preferred welcome offer of 100,000 points by spending $15,000 on business trips in three months — $1,250 worth in travel alone. Since the main categories of the card include travel, you’ll earn 45,000 points on that spend as well, for a total of 145,000 points. Up to $1,812.50 in Ultimate Rewards travel (or up to $2,900 in transportation partner travel). Note, Ink Business Preferred will cost you $95 for an annual fee but includes employee cards at no additional cost.

Using the same example with Amex Business Gold, let’s say you earn a welcome offer of 70,000 points by spending $10,000 on business travel purchases in three months – $700 worth of flights booked through the American Express travel portal. With the 4X card tier, you’ll earn 40,000 points on that spend as well, for a total of 110,000 points. These points are worth $1,375 when you book flights through Amex Travel or up to $2,200 for Amex carrier partners. Note, of course, that you’ll pay $295 in annual fees.

Why Should You Get Ink Business Preferred?

There are many reasons why an employer should consider Ink Business Preferred. The low annual fee and generous welcome offer are enough to get anyone’s attention, but the one-point transfer option for Chase Ultimate Rewards means even bigger savings and redemption rewards.

Additional benefits

If you have multiple employees, you may appreciate additional employee credit cards at no additional cost, and each card can have its own spending limit. The card provides travel and insurance benefits as well, including trip cancellation insurance, rental car accident damage waiver, extended warranty coverage and purchase protection.

Recovery Options

Redemption Options is where Ink Business Preferred shines. Travel booking through the Chase Ultimate Rewards Program earns you 25 percent more value and may even more by transferring to a Chase transportation partner. You can also redeem a statement balance or direct deposit cashback, a gift card from over 150 select merchants or by shopping through Shop Through Chase. You can even redeem through Amazon and PayPal as a payment option.

Recommended credit score

A good or excellent credit rating, ranging from 670 to 850, is required to apply for the Ink Business Preferred.

Why should you get Amex Business Gold?

Additional benefits

Amex Business Gold might be worth it thanks to its hotel perks, travel insurance and purchase protection, including a free $150 night/property credit with The Hotel Collection through American Express Travel.

Recovery Options

Membership points can be redeemed directly from the American Express travel portal, where there is also the highest redemption value. Redeem flights, hotels, travel services and more, or transfer to a partner airline or hotel. To reduce the point value, you have the option to purchase gift cards, make a statement, use them at merchant checkout or book rental cards through Amex Travel.

Recommended credit score

Similar to Ink Business Preferred, to apply for Amex Business Gold it is recommended that you have a good or excellent credit score.

bottom line

Before applying for Ink Business Preferred or Amex Business Gold, be sure to rate the higher spending categories. These two cards offer bountiful rewards, but any of these best business cards will be most beneficial for businesses that spend large amounts of money on travel and business purchases every month.

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