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New Business Card! Ink Business Premier℠ Credit Card

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  • Our Rating 4/5 How our ratings work
  • APRFlex for Business Variable APR: 18.74% - 26.74%
  • Annual Fee$195
  • $1,000 $1,000Cash Bonus More Info

    Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.

For your business needs, there are many reasons why we like the Chase Ink Business Premier Card. First and foremost, the card offers a substantial new card member offer of a $1,000 bonus cash back after spending $10,000 on purchases in the first 3 months of account opening. Additionally, the 2.5% cash back on large purchases of $5,000 or more and 2% cash back on all other business purchases provide an excellent opportunity for business owners to earn rewards on their everyday expenses. The card also includes valuable travel benefits, such as trip cancellation insurance and auto rental collision damage waiver, making it an excellent choice for business owners who frequently travel. Overall, the Chase Ink Business Premier Card is a well-rounded option that can help small business owners streamline their expenses and earn significant rewards.

A Compelling Business Cash-Back Card for Ventures with High Operating Expenses

Chase offers a solid roster of business credit cards under its “Ink Business” line, serving the many needs of small and large ventures alike. Now, Chase is looking to fill the gap of a high-end business credit card with the New Business Card! Ink Business Premier℠ Credit Card. With a $195 annual fee, the card is geared toward businesses that frequently bankroll costly operating expenses—and stock up on the cash-back rewards.

Although the Ink Business Premier technically earns rewards in the form of Chase Ultimate Rewards® points, cardholders will not be able to access Chase’s airline and hotel transfer partners. Even if you hold the cheaper Ink Business Preferred or one of the personal Chase Sapphire cards, you cannot transfer your points interchangeably. This makes the Ink Business Premier a slightly different business card that certainly won’t be the right fit for many enterprises.

Still, the Ink Business Premier has its niche for business owners who want to maximize their cash-back earning potential. With up to 2.5% cash back on business expenses, we’ll dive into why a bigger business may want to consider opening this card.

Pros

  • Generous sign-up bonus
  • No additional cost for employee cards
  • No foreign transaction fees
  • Unlimited reward-earning potential

Cons

  • Annual fee is high
  • Other business cards could offer greater returns on typical bonus categories, like advertising or shipping costs
  • Points are redeemable at a fixed 1 cent rate—and cannot be pooled with other Chase cards to access Chase’s 10+ airline and hotel transfer partners

Rewards Rate

The Ink Business Premier Credit Card offers a unique rewards structure:

  • 5% cash back on travel purchases booked through the Ultimate Rewards travel portal
  • 2.5% cash back on purchases of $5,000 or greater
  • 2% cash back on all other eligible purchases.

Better yet, there’s no limit to the number of cash-back rewards you earn with the card.

The 2.5% cash-back rewards rate is a standout feature for businesses that routinely make sizable purchases chargeable to a credit card. The bonus categories are easy to remember, and you’ll still earn 2% cash back on all purchases that fall under this $5,000 threshold. 

Sign-Up Bonus

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New applicants of the Ink Business Premier can earn an outstanding $1,000 cash back (given as 100,000 bonus points) after spending at least $10,000 on the card within the first three months of account opening.

This spending threshold breaks down to roughly $3,333 in monthly spend. Depending on the size of your venture, this minimum may be easy—or borderline impossible—to hit.

The welcome offer on the Ink Business Premier is a one-time opportunity to earn a big boost of rewards, so it’s essential to ensure you can reach this spending minimum. Fortunately, you can add employee cards for no additional cost, and all spend will count toward reaching the sign-up bonus and racking up ongoing rewards.

Annual Fee

The Ink Business Premier has a $195 annual fee, making it the most expensive option in Chase’s business card portfolio.

Redeeming Points 

Chase Ultimate Rewards is a beloved credit card program known for its varied redemption opportunities. The Ink Business Premier earns Chase Ultimate Rewards points, which can be accessed through your online Ultimate Rewards portal. 

From there, you can redeem your points for gift cards, future travel bookings, Apple products or cash back as a direct deposit or statement credit—all at a rate of 1 cent per point. That means 100,000 Ultimate Rewards points are worth $1,000 for any of these aforementioned options.

Unlike Chase’s travel rewards cards, the Ink Business Premier does not offer access to Ultimate Rewards transfer partners or an elevated redemption rate for booking travel. 

Benefits

The Ink Business Premier card has great benefits geared specifically toward businesses, from tools to monitor your operating expenses to trip insurance. 

Flexible Spending Limit for Your Business Needs

Whether it’s a business or personal card, paying your balance on time and in full at the end of each statement period is always good practice. With the Ink Business Premier, business owners can pay their balance in full every month or pay off eligible purchases over time—with Flex for Business Variable APR: 18.74% - 26.74% APR—up to a set limit through the Flex for Business program. 

In turn, the Ink Business Premier gives business owners maximum flexibility to charge virtually any expense to the card without worrying about falling under a certain credit limit. While it’s best to make every effort to pay this balance in full, there’s flexibility to pay the balance over time if needed. 

Tools for Monitoring Business Expenses

Chase provides business cardholders with some industry-leading tools, including the ability to view account details 24/7, access quarterly spending reports and up to 24 months of statement history. The card is also beneficial for establishing your business credit line, as the Ink Business Premier will help you build your credit history through payments. 

Extensive Travel and Purchase Protections

Whether you go on a company trip or pay your business phone bill on the Ink Business Premier, there are some important but helpful coverages on the card:

  • Trip cancellation/interruption insurance: Covers canceled or interrupted trip expenses in eligible circumstances.
  • Baggage delay insurance: Provides reimbursement for delayed bags up to a certain limit.
  • Primary car rental coverage: When you charge the entire rental to your card, you can receive reimbursement up to the cash value of the vehicle for theft and collision damage.
  • Roadside dispatch: Call 1-800-847-2869 to dispatch roadside assistance (service fees apply). 
  • Travel and emergency assistance services: Access to legal, medical or other necessary referrals.
  • Purchase protection: Covers new purchases for 120 days in case of damage or theft, up to $10,000 per claim and $50,000 per account.
  • Extended warranty protection: Extends an eligible U.S. manufacturer’s warranty on a product by an additional year (on eligible warranties of three years or less).
  • Cell phone protection: Up to $1,000 per claim for stolen or damaged phones (subject to a $100 deductible, with a maximum of three claims in a 12-month period). 

No Foreign Transaction Fees

The Ink Business Premier waives all foreign transaction fees incurred regardless of where you swipe your card. 

Do Chase Ultimate Rewards Points Expire?

No, the points earned on the Ink Business Premier do not expire as long as you keep your card open.

Who Should Get the Card?

Business owners with high expenditures throughout the year, especially large purchases, will find the Ink Business Premier a worthy addition to their wallet due to its generous sign-up bonus and straightforward rewards structure.

Frequently Asked Questions

  • The Ink Business Premier is similar to a charge card. Through the card’s Flex for Business program, there’s no preset spending limit. You get increased payment flexibility, and you can pay your purchases over time with interest. 

  • Yes, the Ink Business Premier is a dark navy blue metal card. 

  • While Chase does not disclose a specific credit requirement, you’ll want to hold good to excellent credit—or a FICO score of at least 670. 

  • To get approved for the Ink Business Premier, you’ll need to be under Chase’s 5/24 unofficial rule (meaning you’ve opened 5 cards or fewer in the last 24 months). But once you’re approved for the Ink Business Premier, the card will not add to your 5/24 count. 

ML

Marielle Lee

Marielle Lee is a digital nomad, working as a freelance writer in personal finance and travel rewards. Her first job was as a tour guide in France for several years, specializing in the country's great wine regions. After that, Marielle continued on to travel to more than 40 countries, all made possible by leveraging the 10-plus credit cards in her wallet.