Chase Sapphire Preferred Vs. Ink work is preferred
Two of my favorite mid-term credit cards are Chase Sapphire Preferred® Card (Review) and Ink Business Preferred® Credit Card (Review). Both of these cards have the word “favorite” in the name, and they also have a great deal of overlap. In this post, I wanted to compare the two cards, and talk about which one makes more sense depending on your situation.
Should You Get Chase Sapphire Preferred or Ink Business Preferred?
The primary and most obvious difference between these cards is that Chase Sapphire Preferred is a personal credit card, while Ink Business Preferred is a small business credit card. I would say the two cards can be a complement or alternative, depending on your spending patterns and your overall participation in the Chase Ultimate Rewards system.
Let’s compare the different aspects of these two cards, including welcome bonuses, eligibility, annual fees, bonus structures, redemption opportunities, and perks.
Welcome Bonuses Comparison
Both of these cards offer excellent welcome bonuses:
winner: Ink Business Preferred has an exceptional (and excellent) welcome bonus, knowing the spending requirements are much greater.
Comparison of eligibility
Credit card application limitations are a major consideration for potential cardholders. In addition to the Chase 5/24 rule, there are a few other things to keep in mind:
winner: Ink Business Preferred has the advantage of being available to those with other cards in the wallet, while Sapphire Preferred does not. However, be aware of the basics of applying for Chase business cards.
Compare annual fees
Both cards have identical annual fees:
winner: As you can tell, this is a draw, as both cards have identical annual fees.
Comparison of bonus structures
Both cards have bonus categories, although the bonus structures are still quite different:
- Chase Sapphire Preferred offers 3x points on dinner, 2x points on travel, and 10% additional Anniversary Points (calculated from base points earned)
- Ink Business Preferred offers 3x points on the first $150,000 spent in combined purchases per account anniversary on travel, freight purchases, internet, cable, phone services, social media advertising purchases and search engine optimization
winner: I don’t think there’s a clear answer here, and that it really depends on your spending profile. Sapphire Preferred has some great bonus categories, but the Ink Business Preferred bonus categories are great too.
Point redemption comparison
For all practical purposes, Chase Sapphire Preferred and Ink Business Preferred are identical when it comes to being able to redeem points:
winner: This is a draw, because the redemption options are the same between the two cards.
Comparison of perks and benefits
Both cards have different perks, as cardholders will get different value from:
winner: Although it depends on the consumer, I’d say Sapphire Preferred has a slight advantage here, for hotel credit, Instacart and DoorDash.
Which Chase “Favorite” Card Is Best?
I would argue that Chase Sapphire Preferred and Ink Business Preferred are the two most popular cards out there with annual fees under $100. I think there are advantages to owning these two cards, and then supplementing them with other cards with no annual fee.
If I had to choose between these two cards, what would I choose?
- You can’t beat the Welcome Bonus on Ink Business Preferred, assuming you can complete the minimum spend
- Chase Sapphire Preferred is great for giving 3x points on food, while Ink Business Preferred is great for giving 3x points on travel
- A major consideration is whether you are looking for a personal or business card; Overall, I would say Ink Business Preferred is a slightly stronger card, but both are excellent
Personally, I think there’s an advantage to owning these two cards, as you’ll pay less than $200 in annual fees, and get a lot of value. Another strategy could be to choose Chase Sapphire Reserve instead of Chase Sapphire Preferred, as the privilege-rich card offers $300 annual travel credit, Priority Pass membership, and more.
Chase Sapphire Preferred and Ink Business Preferred are two very compelling cards. Personally, I think there is an advantage to having both, and which card makes more sense for you depends on whether you need a personal or a business card. Both are also excellent Ultimate Rewards “board” cards, allowing you to maximize the value of other Chase cards, such as Chase Freedom Unlimited and Ink Business Unlimited.
Which Chase “favorite” card is your favorite – Chase Sapphire or Ink Business favorite?