American Express Business Platinum Card vs. Chase Ink Business Preferred: Chase Wins for Better All-Around Business Benefits

A photo to accompany a story about the American Express Business Platinum card vs. the Chase Ink Business Preferred card Illustration/NextAdvisor
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Not all business credit cards are created equal; some cater more to business owners who are constantly traveling, while others offer more attractive rewards for everyday business expenses. 

Two such examples are the Business Platinum Card from American Express and the Chase Ink Business Preferred Credit Card. Both can provide good value to business owners, but the key difference is where that value is. 

People who travel for work a lot may find the Amex option, while far more pricey, has value; those who spend on everyday business expenses more than on travel will find the Chase card a better rewards earner.   

Take a look at the details and benefits of each card to help guide your decision.

Amex Business Platinum vs. Chase Ink Business Preferred at a Glance 

The Amex Business Platinum and Chase Ink Business Preferred are both among our picks for the best business cards. Still, they differ significantly in their annual fees, rewards, welcome offer, and other benefits.

The Amex Business Platinum offers limited rewards compared to other business cards, but you’ll have a hard time finding another business card with as many travel perks. For example, the Amex Business Platinum comes with a $200 airline fee credit and access to more than 1,000 airport lounges, among other perks. This card mostly makes sense for frequent business travelers willing to pay for convenience and comfort, since it comes at a hefty cost: $595 a year for the annual fee ($695 if application is received on or after 01/13/2022) (See Rates & Fees).

The Ink Business Preferred Credit Card offers a more competitive rewards program for business-related expenses, with 3x points per dollar on many categories where business owners typically spend, such as shipping, phone, internet, and advertising. That 3x rate, though, is limited to $150,000 in spend each year; after that, you’ll earn 1x. Travel is one of the eligible 3x bonus categories for this card, but it doesn’t offer as many travel benefits as the Amex Business Platinum. It has a much lower annual fee, at $95. 

Here’s a side-by-side comparison:

The Business Platinum Card from American ExpressChase Ink Business Preferred Credit Card
Annual Fee$595$95
Welcome Offer120,000 bonus points after spending $15,000 on eligible purchases in the first three months after account opening100,000 bonus points after spending $15,000 on eligible purchases in the first three months after account opening
Rewards5x points on flights and prepaid hotels booked through; 1.5x points on any eligible purchases in key business categories and on purchases of $5,000 or more (up to $2 million per year); 1x points on other purchases3x points on travel; shipping purchases; internet, cable, and phone services; and advertising purchases made with social media sites and search engines on up to a combined $150,000 per year;1x point on all other purchases
Other Benefits• Up to $400 annual credit for U.S. Dell Technologies purchases

• Elite status with Hilton and Marriott hotels, 35% rebate on airfare booked with reward points  (up to 500,000 bonus points per calendar year, when booking on, lounge access

• Fee credit for Global Entry or TSA PreCheck

• Access to Fine Hotels + Resorts Program

• Marriott Bonvoy Gold Elite status

• Hilton Honors Gold status

• Business Platinum Card Concierge access

• Trip delay insurance, trip cancellation and interruption insurance

• Car rental loss and damage insurance

• Baggage plan insurance

• Extended warranty and purchase protection

• No foreign transaction fees (See Rates & Fees)
• Employee cards at no additional cost

• No foreign transaction fees

• Trip cancellation and interruption insurance

• Roadside assistance

• Purchase protection and extended warranty

• 1:1 point value when you transfer to a Chase transfer partner

• Cell phone protection 

• Auto rental collision damage waiver

Welcome Offer Comparison

The Amex Business Platinum and Ink Business Preferred both offer lucrative welcome offers if you can meet the spending minimum.

The Amex Business Platinum card’s welcome offer is 120,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first three months of opening the account. You can redeem your points to cover purchases, toward travel booked on, shop online, and more. You can also transfer points to partners including many airlines and hotel chains to book travel for just the cost of taxes and fees. 

The sign-up bonus for the Ink Business Preferred is 100,000 Ultimate Rewards points after spending $15,000 on purchases in the first three months of opening the account. That’s worth $1,250 when redeemed for travel through Chase Ultimate Rewards, according to Chase. Like Amex points, Chase points can be transferred to partners.

Rewards Comparison

The Amex Business Platinum offers value for business owners with big budgets and whose business requires them to travel often.

In exchange for its high annual fee, the Amex Business Platinum card offers 5x points on flights and prepaid hotels booked through, 1.5x points on any eligible in key business categories, as well as on purchases of $5,000 or more (up to $2 million per year), 1x point on everything else and a laundry list of fancy travel benefits for business owners. 

You’ll be able to take advantage of benefits designed to upgrade your travel experiences, such as access to thousands of lounges all over the world, Gold elite status with two top hotel brands (Hilton and Marriott), and several travel protections.

But it’s not for everyone. Before applying, evaluate your past business spending and upcoming expenses to determine whether the Amex Business Platinum Card’s travel-focused benefits align with your business and lifestyle. 

The Ink Business Preferred may not come with the luxury travel perks like the Amex Business Platinum Card, but makes up for it in rewards and a lower annual fee of $95. 

You can maximize your earning potential with the Ink Business Preferred by using it for all business purchases in the 3x rewards categories, up to the $150,000 spending cap.

If you hit the spending cap in the bonus categories for this card annually, you’ll earn 450,000 Ultimate Rewards points each year — worth  $5,625 when you redeem for travel, according to Chase, or $4,500 otherwise.


When you sign up for a credit card, it’s important to know your APR since it affects how much you owe if you carry a balance month to month. The Amex Business Platinum has a 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time, after that APR rate of 14.24%-22.24% and the Ink Business Preferred has a variable APR of 15.99%-20.99%.

It’s a good idea to pay your card balance in full every month, in any case, to avoid paying any interest. The interest charges at even the lowest credit card interest can negate the card’s value.


The Amex Business Platinum comes with a steep annual fee of $595, but its travel benefits can help negate the cost. The Ink Business Preferred’s annual fee is much more approachable than the Amex Business Platinum, at $95 a year. 

Deciding Between the AmEx Business Platinum vs. Chase Ink Preferred Cards

There isn’t much overlap between the Amex Business Platinum and the Ink Business Preferred in terms of rewards and perks, which makes picking one fairly straightforward.

If you’re someone whose business requires you to spend a significant amount of time traveling, the Amex Business Platinum Card makes the most sense. Its extensive travel-based benefits make it a great credit card for saving on flights, hotels, and all the incidental expenses associated with frequent travel. But before you pull the trigger, compare the value of those travel benefits against the annual fee to see if it’s worth it for you. 

Both of these cards offer valuable rewards programs with flexible redemption options and a long list of transfer partners to book travel with. But Amex’s rewards program comes out on top with over 21 airline and hotel partners to choose from, including Delta, Emirates, Hilton and Marriott. Chase, in comparison, has 13 transfer partners. Your choice may come down to which partner or partners you value more, since they differ between the two programs. For example, if you fly Delta a lot, you may go for the Amex card; if you fly United more, then Chase might be a better move.  

The Ink Business Preferred doesn’t offer premium travel perks like lounge access and a $100 credit for Global Entry and TSA PreCheck, but it does offer a high redemption rate for travel and bonus points for common business expenses. If you spend heavily on everyday business expenses and don’t travel more than a few times a year for work, you’re better off with the Ink Business Preferred Credit Card. 

For rates and fees of the Business Platinum Card from American Express, click here.