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Business cardholders who are looking for premium benefits have a relatively limited selection to choose from. But just because there are only a handful of choices, it doesn’t mean that there aren’t quality cards available. Two of the most popular premium small business credit cards are The Business Platinum Card® from American Express vs Ink Business Preferred® Credit Card.

Let’s discuss the pros and cons of each and share which card is right for your business. But before we begin, here are the bonuses currently available.

Ink Business Preferred® Credit Card: Earn 100,000 Chase Ultimate Rewards® points after spending $15,000 in the first 3 months of card membership.

The Business Platinum Card® from American Express: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership. 

Business Platinum ink business preferred
Delta A350 flying above a city at sunset. Credit: Delta

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit to learn more.

Know Your Spending To Maximize Rewards

Before you pick a business credit card, you want to know which categories of merchants you spend the most. Every rewards credit card provides bonus points and additional benefits for different categories of businesses.

Companies that buy a lot of meals for employees or clients will want a rewards card that provides points for dining and entertainment.

If you’re a transportation company spending a lot on gas, ideally you’d select a credit card that offers bonus points on fuel purchases, like these best credit cards for gas.

If you purchase a lot of airfare, bonus points for airplane tickets are a must. Here are the best miles credit cards.

American Express Business Platinum vs Ink Business Preferred

Let’s compare two popular premium business cards available – The American Express Business Platinum vs Chase Ink Business Preferred Credit Card.

Keep in mind that both American Express and Chase have implemented rules to limit new credit cards to people who they consider are gaming the system. American Express limits the welcome bonus to “once per lifetime”. This means that you cannot receive a welcome bonus on a specific card if you’ve received a welcome bonus on that card previously.

Chase has its infamous “5/24 Rule” where you will not be approved for some of their top credit cards if you’ve opened more than five new credit cards in the last 24 months.

Also, note that both cards come with some of the best credit card offers of 2023.

Chase Ink Business Preferred Overview

The Chase Ink Business Preferred® Credit Card is one of the latest iterations of the Chase Ink family of credit cards. The Chase Ink Business Preferred credit card earns valuable Chase Ultimate Rewards points. Plus, you can manually choose to combine them with points earned from the Chase Sapphire Reserve®, Chase Sapphire Preferred®, Chase Freedom Flex℠, or Chase Freedom Unlimited®, all some of the best Chase credit cards.

The current bonus is 100,000 Ultimate Rewards points after spending $15,000 in the first 3 months. With points worth 1.25 cents each when redeemed for travel, that’s $1,250 in airfare, hotel rooms, or excursions that you can book.

Additional Perks

With the Ink Business Preferred® Credit Card, you’ll earn 3x points on the first $150,000 you spend each year on travel, shipping purchases, internet, cable, phone services, and internet advertising. All other purchase categories will earn 1 point per $1 spent on the card.

One of the overlooked benefits of the Chase Ink Business Preferred Credit Card is the cell phone protection you can use 3 times within a 12-month period. As long as you pay your phone bill with your credit card, you can get up to $600 per claim against covered theft or damage for you and your employees. Keep in mind that a $100 deductible per claim will apply.

If you or your employees travel frequently, this card is ideal to pay for rental cars. You will earn 3x points for travel expenses and have primary rental car insurance for most cars in the U.S.A. and abroad.

Cardholders can redeem points for cash back, gift cards, travel, and more (points are worth 25% more when redeemed for travel through Chase Ultimate Rewards). Points don’t expire as long as the account is open. Additionally, cardholders get fraud protection and zero liability. Purchase protection covers new purchases for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account. 

The Business Platinum Card from American Express Overview

The Business Platinum Card from American Express was one of the original premium cards. Although the competition has heated up, American Express has continued to evolve. They offer intriguing benefits that keep cardholders coming back year after year.

New The Business Platinum Card® from American Express cardholders have the opportunity to earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership. 

The welcome bonus is only the beginning of the benefits of the American Express Business Platinum. You’ll earn 5x Membership Rewards® points when you book flights and prepaid hotels through the portal.

Cardholders earn 1.5x points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.

If you have personal cards from American Express that also earn Membership Rewards points, the points earned from The Business Platinum Card from American Express will automatically combine with your other points into one central bucket. You can maximize the value of the points you earn.

Cardholders can also take advantage of the Pay Over Time Option, a flexible payment option to help manage cash for purchases of $100 or more. Terms and conditions apply.

Additionally, unlock over $1,000 in value per year for statement credits on select purchases, including tech, recruiting, and wireless with the Business Platinum Card.

Travel Related Perks

Travelers love the airport lounge access that comes with the Business Platinum card. You’ll also receive exclusive access to the American Express Centurion Lounges. Enrollment may be required.

And when you redeem Membership Rewards for Business or First Class airfare or Economy on your selected airlines, you’ll receive a 35% rebate on the points used.

Plus, select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card or any of the Additional Cards on your Platinum Card account.

Couple that with the $100 Global Entry or TSA PreCheck reimbursement and automatic Hilton Honors Gold & Marriott Bonvoy Gold status.

Cardholders can get up to $189 back per year to enroll in CLEAR® membership when they use their Card to enroll. CLEAR® uses biometrics to assign you a touchless ID, allowing you to move faster through security at select airports and stadiums across the U.S. You can cover the cost of a CLEAR membership with up to $189 in statement credits per calendar year after you pay for CLEAR with your Business Platinum Card®.

Also, get access to more than 1,400 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. You’ll have more lounge location options than any other credit card on the market (as of 9/2021).

How They Are Similar

Both cards earn “flexible” bank points which can be redeemed for travel and gift cards. Or you can transfer the points to one of many hotel or airline travel partners’ points and miles loyalty programs.

There are no foreign transaction fees on either card. You can use them while traveling or when conducting international business.

You can combine the points you earn from each business card with the points you earn from your personal accounts. That way, you can earn your travel redemption that much quicker.

What Sets Them Apart

At first glance, the biggest difference is the annual fee. The Business Platinum Card® from American Express annual fee is $695 (See Rates & Fees) compared to $95 for the Ink Business Preferred. Unlike some cards that waive the fee for the first year, both of these cards will charge you an annual fee on your first statement.

The Chase Ink Business Preferred® Credit Card offers travel perks and benefits that will make it attractive to businesses from any industry. Travelers will favor the Business Platinum Card for the lounge access, Fine Hotels & Resorts perks, and complimentary Boingo Wireless wi-fi access.

The Amex Business Platinum only provides bonus points when you book airfare through their travel portal. The Chase Ink card offers 3x points when you spend in 4 categories common for business expenses. These include travel, shipping, communications, and advertising.

If you make a lot of big-ticket purchases and redeem your points for airfare, you can earn about 2 points per $1 spent with the Amex Business Platinum.

Additional cards for employees are $175 each with The Business Platinum Card® from American Express. There is no charge for additional employees with the Chase Ink Business Preferred.

Comparing the American Express Business Platinum to Ink Business Preferred Credit Card

The Business Platinum Card® from American Express Ink Business Preferred® Credit Card
Annual Fee

$695 (See Rates & Fees)

Employee cards $175 each $0
Welcome bonus offer 120,000 100,000
Min spend $15,000 in the first 3 months $15,000 in the first 3 months
Secondary bonus
Min spend
Bonus categories 5x on flights and prepaid hotels booked through; 1.5x Membership Rewards® points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else. Cap applies. 3x on travel, shipping, cable, phone, and online advertising
Foreign transaction fee None None
Rental car insurance Secondary Primary
Airline credit $200 annually (in the form of statement credits—enrollment required) None
Lounge access Centurion, Priority Pass, Delta Sky Club, AirSpace, Escape (enrollment may be required) None
Global Entry / TSA PreCheck $100 once every 5 years;
all cards eligible
Hotel status Hilton and Marriott Bonvoy Gold None
WiFi Access Complimentary Boingo WiFi None

Which premium business card is right for your business?

If travel and lounge access are ideal, The Business Platinum Card® from American Express could be a good fit.

However, for most businesses, the Chase Ink Business Preferred® Credit Card is the card of choice. It offers a great opportunity to earn bonus points on the categories you spend on every day. The points are extremely flexible when redeemed for travel, cash, or when transferring to a hotel or airline partner. The annual fee is significantly less than the Business Platinum Card. Plus, you can add as many employees as needed at no additional cost.

However, only you know which card is right for your business needs.

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For rates and fees of The Business Platinum Card® from American Express, please click here.

Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

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