American Express Business Platinum vs Chase Ink Business Preferred: which one fits your business?
Side-by-side comparison of American Express Business Platinum and Chase Ink Business Preferred — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Chase Ink Business Preferred wins on our scorecard (7.3/10 vs 7/10).
| Scored on | American Express Business Platinum | Chase Ink Business Preferred |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 6 | 7 |
| Fees & pricing | 5 | 7 |
| Customer support | 7 | 6 |
| Features | 9 | 8 |
| Annual Fee | $695 | $95 |
| Foreign Transaction Fee | None | $0 |
| Late Payment Fee | Up to $39 | — |
| Employee Cards | — | $0 |
| Purchase APR | — | 21.24% - 26.24% (Variable) |
American Express Business Platinum in one paragraph
A high-octane travel tool that pays for itself only if you are willing to manage a complex list of statement credits.
Skip it if: Skip it if you don't travel at least once a month or if your monthly business spend is under $5,000.
Chase Ink Business Preferred in one paragraph
The best all-around value for businesses spending under $150k on ads and travel who want high-value transfer partners.
Skip it if: Skip it if you spend more than $20,000 a month on advertising or have opened more than 5 personal cards in the last two years.
Frequently asked questions
Which is better, American Express Business Platinum or Chase Ink Business Preferred?
On our five-axis scorecard, Chase Ink Business Preferred scores higher (7.3/10 vs 7/10). The best all-around value for businesses spending under $150k on ads and travel who want high-value transfer partners.
Who should skip American Express Business Platinum?
Skip it if you don't travel at least once a month or if your monthly business spend is under $5,000.
Who should skip Chase Ink Business Preferred?
Skip it if you spend more than $20,000 a month on advertising or have opened more than 5 personal cards in the last two years.