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We look at the Chase Ink Preferred vs the Amex Business Gold. Both are business credit cards in the US market.
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20 comments
Here is the Chase Ink 80k referral, if anyone needs it. https://www.referyourchasecard.com/21a/9D5VOXGYMK
Porque no los dos!
I literally have been looking at getting the gold business in May so this video is definitely helpful
These cards work best in combo with another.
Example:
– Chase Ink Preferred & Chase Ink Cash
– Amex Business Gold & Amex Blue Business Plus.
Your Math is off on the off set of annual fees. For Chase you need to spend 9500.00 in the 3x categories. You can get the Amex Blue Business with no annual fee and get 2x on those purchases so 9500 x 1%=95. For the Gold it is 14750 x 2%=295.
The business gold only gives 4x on two categories though.
The gold is better for specific spend.
The Preffered is more flexible.
i went incognito on the web for the amex business gold and got 50k sign up bonus.
If you had opened CIF in January to March 2020 then Chase would extend your SUB to 6 months instead of 3 months to reach your minimum spend. Doctor of Credit has details. Chase Automatically Extending Minimum Spend Period For Cards Opened January 1st – March 31st
https://www.doctorofcredit.com/chase-automatically-extending-minimum-spend-period-for-cards-opened-january-1st-march-31st/
FYI your referal code is being declined with MaxRewards.
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This is a very good comparison. This video is making me consider the Business Gold. I got the Ink Preferred last year, and love the 80,000 UR points. I got some taxes coming up: NYS & Federal 1st Quarterly Estimate & 2019 taxes (July 15), and 2nd Quarterly Estimates (June 15). I can easily knock out the $5,000 minimum spend on the Business Gold by paying taxes, likely be a soft inquiry (my 2nd Amex card, the Blue Business Plus, was also a soft pull), & more importantly it'll keep me under 5/24. 55,000+ MR points, here I come! Thanks for the video, Ben! Keep up the great work!
Video suggestion: Chase Sapphire Preferred vs Citi Premier (with the new 3x categories and $100 hotel credit)
I currently have my 1st cards for 2 months discover it secured 500 cl & a credit union unsecured 1000 cL .. credit score 696 … which route should I take? And how long should I wait to apply for my next card ??
I tried applying for the Ink Preferred card and got denied even though they approved me for the Ink Unlimited around 40 days ago… So strange
Well, I'll be looking at 40K in spend on postage this year, Gold Card it is!
always like videos. been following for my credit journey.
Is it still a bad time to appliy for the CIP/CIC right now?
Just got 60,000 mr points for $7,500 spend on amex business gold.
I'm going to Tokyo in a few years I got the flex so stupid question incoming if I get the preferred to use up the into offer hopefully it'll be 100k again can I then transfer all those points back to the flex and repeat in a couple years.
My business is a manufacturing business. A small machine shop in Houston Texas. It Requires no travel at all. I spend an average of $130,000 a year on tooling supplies. I'm net 30 with my suppliers . So the platnum card is out. But I am looking at the Gold Amex card. I would run that through a card. What are your thoughts? Good card for me? Or not at all?