Costs & Pricing

Metric	Ink Business Preferred® Credit Card	Brex Card
Annual fee	$95 (no first-year waiver published)	$0 published for the card. Software is separate: Essentials $0/user/mo; Premium $12/user/mo; Enterprise/Smart Card custom. Do not treat Premium as a card AF unless the company elects that plan.
Employee card fee	$0	$0; unlimited physical + virtual cards advertised
Purchase APR	17.74%–26.74% variable (Prime + 10.99% to +19.99%; max 29.99%)	N/A — charge card, pay in full. Marketing “0%” is charge-card float (daily ~1 business day after clear, or ~30-day monthly statement), not an intro APR.
Intro APR (purchases)	Not offered	Not offered
Foreign transaction fee	$0	Marketing: no FTF. Official: FX rate markup of up to 3% on conversions (Mastercard wholesale, adjusted daily). Local-currency cards can avoid conversion on local spend.
Late payment fee	$40	2.99% of delinquent balance or $38, whichever is higher, assessed once per statement that is 30 days past due (Card Program Terms, Apr 7, 2026)

Rewards & Value

Metric	Ink Business Preferred® Credit Card	Brex Card
Base earn rate	1 Ultimate Rewards point per $1 on all other purchases (uncapped)	1x on everything else under Exclusive (1 point per $1 USD spend with a U.S.-based merchant). All customers enrolled in Exclusive unless the contract says otherwise. No published category caps. Non-Exclusive / second-card path may be flat 1x — source conflict with 2026 reviews; confirm on the live contract.
Welcome bonus	100,000 Ultimate Rewards points after $8,000 purchases in first 3 months (posts 6–8 weeks after qualifying)	$1,000 USD statement credit after ≥$4,000 Qualifying Spend within 30 days of activation. Apply, be approved, and activate (first purchase) Sep 1–30, 2026 (legal offer revised Aug 10, 2026). Re-check Oct 1. Review sites still print 10,000 points after $3,000 in 3 months — not found as a current dated legal page.
Redemption value	1¢/point cash (RPA contractual floor); Chase Travel marketed at 1.25¢; transfers at partner ratios	Brex Travel portal: 1 point = 1¢. Cash to Brex business account or statement credit: 1 point = 0.6¢ (admin must claim). Headline 7x rideshare is 4.2% cash only if Exclusive + cash path. Do not use 1¢ for cash.
Transfer partners	Native transfers (airlines 1:1; IHG, Marriott, Wyndham 1:1). World of Hyatt 1:1 through 9/30/2026, then 4:3 from 10/01/2026 (1,000 UR → 750 Hyatt). Unlocks transfers for Ink Cash/Unlimited points moved onto this card.	Emirates Skywards, Avianca LifeMiles, Singapore KrisFlyer, Air France-KLM Flying Blue, Aeromexico Club Premier, Cathay Asia Miles, Qantas Frequent Flyer at ~1,500:1,000. Crypto (BTC/ETH) appeared in older guides at 0.6¢ — not on the current official redeem page.

Credit & Eligibility

Metric	Ink Business Preferred® Credit Card	Brex Card
Personal guarantee	Required — authorizing officer liable individually and jointly with the business for all balances	Not required in Brex marketing. Card Program Terms assign liability to the Company. Confirm the live issuer agreement at approval (Emigrant vs Fifth Third vs other).
Credit check	Hard pull on the authorizing officer (standard Chase practice)	Brex states SSN is for identity verification and is not used to underwrite or pull personal credit. No advertised personal hard pull.
Employee cards	Free; number not capped in public copy; individual spend limits and real-time tracking	One employee card (physical or virtual) per user plus unlimited purchasing/virtual cards. Spend limits, merchant locks, policies, Apple/Google/Samsung Pay. Company liable. Auto-reissue on expiry.
Product type	Revolving business credit card	Corporate / commercial charge card plus spend-management platform (pay-in-full daily or monthly; not revolving; no published purchase APR)

Pros & Cons

Ink Business Preferred® Credit Card

Pros

• 100,000 UR / $8,000 / 3-month welcome bonus; authorized-user spend counts
• 3x on shipping, direct social/search ads, comms, and travel up to $150k per anniversary year
• Native Ultimate Rewards transfers; unlocks transfers for Ink Cash/Unlimited points
• $0 foreign-transaction fee and $0 employee cards
• Cell-phone protection plus purchase protection and primary business rental CDW

Cons

• $95 annual fee with no Global Entry, lounge, or travel statement credit
• No intro 0% APR — poor working-capital tool if a balance will be carried
• Personal guarantee + hard pull + unofficial 5/24 gate
• Advertising 3x is narrow (direct platform MCCs, not agencies); office supplies are not 3x
• Hyatt transfers drop to 4:3 on October 1, 2026; bonus likely unavailable if you ever held this card

Brex Card

Pros

• No personal guarantee and no advertised personal credit pull; company is the obligor
• $0 card annual fee and unlimited employee/virtual cards on Essentials
• Exclusive category points with no published earn cap; Brex Travel portal at 1¢/pt
• Native expense controls, virtual/vendor cards, and accounting integrations
• Local-currency cards in 50+ countries (plan-dependent); business-bureau reporting without personal-credit reporting (per Brex)

Cons

• Charge card: no revolving APR, no 0% working-capital window; late fee 2.99% or $38 after 30 days past due, plus possible 10% workout fee
• Sole props ineligible; funded startups commonly ~$50k cash; commercial revenue floors are messy
• “No FTF” marketing vs up to 3% FX markup
• Cash redemption 0.6¢/pt; airline transfers 1,500:1,000; Exclusive/contract multipliers are easy to misread
• Dynamic limits can fall with cash; Capital One ownership may change terms

Verdict

Ink Business Preferred® Credit Card

Ink Business Preferred is the transfer keystone of the Ink family — 3x on the spend categories many operators actually have, $0 FTF, and a 100k welcome bonus, all at $95. Pair it with Ink Cash or Unlimited if you want the rest of spend at cash-back rates with transferable points parked here. Skip it if you need 0% capital, no personal guarantee, lounges, or simple uncapped cash back.

Brex Card

Brex is a charge-card ops platform owned by Capital One as of April 7, 2026 — not Spark, not Ramp’s Visa SKU, and not a revolving bank card. Pick it for no-PG underwriting and policy tooling. Do not assume 1¢ cash, a guaranteed 7x, or true $0 FX. Sole props, revolvers, and simple 1.5–2% cash shoppers should use a traditional PG card or Ramp if the cash bar fits. The Sep 2026 $1,000 / $4,000 / 30-day credit expires Sep 30 — re-check Oct 1.