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One credit card that is currently offering a fantastic welcome bonus is the Chase Sapphire Preferred® Card. If you spend $4,000 on purchases within the first three months of opening your account, you will receive 60,000 bonus points. Based on Insider’s valuation of Chase points, this is worth approximately $1,080 in travel.
For small business owners, the Ink Business Preferred® Credit Card may be an even better option. It offers a higher welcome bonus of 100,000 points when you spend $8,000 on purchases within the first three months of opening your account. This bonus is worth around $1,800 in travel. Additionally, the Ink Business Preferred® Credit Card has bonus spending categories that are specifically tailored to business owners, making it a great choice for those in need of additional perks.
When deciding between these two travel rewards credit cards, it’s important to consider the benefits that are most useful to you and your spending habits. Both cards offer excellent rewards and perks, but the Ink Business Preferred® Credit Card may be more advantageous for business owners.
Let’s take a closer look at the key differences between the Chase Sapphire Preferred® Card and the Ink Business Preferred® Credit Card.
The Chase Sapphire Preferred® Card offers 5x points on all travel purchased through Chase Ultimate Rewards, 3x points on dining (including eligible delivery services, takeout, and dining out), 3x points on select streaming services, 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs), 2x points on other travel, and 1x point per dollar on everything else.
On the other hand, the Ink Business Preferred® Credit Card offers 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year, and 1 point per $1 on all other purchases.
It’s important to note that while these credit cards offer fantastic rewards and perks, they may not be worth it if you’re carrying a balance or paying late fees. To make the most of your credit card, it’s crucial to pay your balance in full each month, make payments on time, and only spend what you can afford to pay back.
In conclusion, both the Chase Sapphire Preferred® Card and the Ink Business Preferred® Credit Card have their own unique benefits and advantages. It’s important to assess your own spending habits and determine which card aligns best with your needs. By taking advantage of these welcome bonuses and using your credit card responsibly, you can maximize your rewards and enjoy fantastic travel benefits.
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