| Last updated on March 22nd, 2024
Ink Business Premier® Credit Card
Ink Business Premier® Credit Card
Ink Business Premier® Credit Card
- Flex for Business variable APR: 19.49% to 27.49% Regular Purchase APR
At a Glance
The Chase Ink Business Premier Credit Card is a premium business card that earns up to 2.5% cash back on purchases of $5,000+ and 2% back on all other purchases. The card operates either as pay-in-full, or pay-over-time, thanks to Flex for Business.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
- Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase Travel℠, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
- The only business credit card with 2.5% cash back on every purchase of $5,000 or more.
- Get the buying power you need to make large purchases, cover monthly expenses and help your business grow. While you must pay your Pay In Full balance each month, this card has built-in flexibility. The Flex for Business feature allows for qualifying purchases to be paid over time with interest.
- Purchase with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There's no additional cost for employee cards. Monitor spend with digital tools like purchase alerts, set spending limits, reporting, and more.
- Member FDIC
- Regular Purchase APR: Flex for Business variable APR: 19.49% to 27.49%
- Annual Fee: $195
- Late Payment Penalty Fee: $40 or 2% of the Minimum Payment Due, whichever is greater
- You own a medium-sized business with cash reserves
- You make frequent large purchases of $5,000 or more
- You want to earn cash back from your business expenses
- You manage employees who will use their own issued cards
In-Depth Review: Ink Business Premier® Credit Card
The Ink Business Premier is a premium business card that earns up to 2.5% cash back on select purchases for a $195 annual fee.
Who is the Ink Business Premier for?
Given the impressive $195 annual fee, just who is the Ink Business Premier designed with in mind? This card is ideal for larger companies or companies with significant turnover, as it requires payment in full every month. Despite this, the card still provides exceptional value for those companies – or any company planning to send employees overseas and issue them additional cards.
The card boasts up to 2.5% back on larger purchases, making it great if your business relies on credit cards to make purchases of hardware, software, or other business essentials. Even better, there is no cap, so the card allows you to amass a gigantic number of points with no concerns about hitting a bonus spend maximum.
Pay-in-Full or Over Time – It’s Up to You
The Ink Business Premier is a “pay-in-full card.” The card provides access to increased spending power, rich rewards, and premium benefits for businesses that prefer to pay their balance in full each month.
A pay-in-full card (or a charge card as it is more commonly known) might scare away some applicants who prefer the pay-over-time benefits of a traditional credit card. Never fear – Chase Ink offers something called “Flex for Business.”
Chase Flex for Business provides flexibility to pay for eligible purchases over time with interest so companies can be prepared for opportunities today and have the flexibility for tomorrow. The Flex feature lets companies select which purchases to finance over time or opt to have purchases of $500 or more automatically included in their Flex for Business balance (subject to available credit).
How to Earn Rewards with the Ink Business Premier
Impressive Cash Back Welcome Bonus
Chase Ink Business cards are known for their generous welcome offers – and the Ink Business Premier Credit Card is no different. New accounts receive 100,000 bonus points (redeemable for $1,000 cash back) after making at least $10,000 in purchases during the first three months from account opening. A $1,000 cash back welcome bonus after $10,000 in spending amounts to a 10% cash back bonus.
How to Earn Cash Back Rewards
The Ink Business Premier Credit Card earns impressive cash back rewards on every purchase. How impressive depends on the cost of said purchase, with more significant buys earning bigger rewards:
- 5% cash back on travel purchases booked through Chase Travel℠
- 2.5% cash back on every purchase of $5,000 or more
- 2% cash back on all other eligible purchases
For starters, Ink Business Premier cardholders earn 5% cash back rewards on travel purchases booked through Chase Travel℠. Eligible travel purchases include airline tickets, hotel accommodations, car rentals, activities, and cruises. This is a feature of all Ink small business credit cards.
Businesses earn an impressive 2.5% cash back on every purchase of $5,000. That cash back tally is massive for companies that spend big, with $250 back on a purchase of $10,000 (when redeemed for cash back as a statement credit). Companies also earn an unlimited 2% cash back on all other purchases.
Cash back rewards with Chase never expire as long as the primary account is open and in good standing. Account status changes, such as program misuse, fraudulent activities, failure to pay, bankruptcy, or other reasons, may result in immediate forfeiture of points.
How to Redeem Cash Back
Chase cash back credit cards offer greater versatility than
similar offers from many competitors. That’s because cash back through the Ink
Card applies towards redemptions through the Chase Ultimate Rewards portal. Well, the Chase Ink Business Premier isn’t that type of card. Rather, card members
only have one redemption option: cash back.
Purchase Protection Benefit
When you think of a business card and what makes it great, you’ll probably conjure up images of massive reward points, dizzying welcome bonuses, and airport lounge access. But that’s not the case with the Ink business credit cards from Chase.
Chase business credit cards offer purchase protection, with the Ink Business Premier® credit card covering eligible new purchases against damage or theft for up to 120 days, with a maximum coverage of $10,000 per claim and $50,000 per account. This benefit provides peace of mind when making business-related purchases and ensures both you and your employees are protected against unforeseen events.
Not sure what’s covered under credit card purchase protection? Here’s a helpful quick guide to commonly asked questions about purchase protection:
| Purchase protection questions | Answers |
|---|---|
| What’s covered? | Any eligible purchases that are stolen, or accidentally damaged due to smoke, fire, water, steam, or other act of vandalism. |
| What’s not covered? | Any perishable items, consumables, and other select items aren’t allowed; Items damaged by USPS might not be covered; Leased or rented items are also ineligible for purchase protection. |
| How much is each purchase covered for? | Coverage typically ranges from $500 per item (on average) up to $5,000+ per item for elite cards. |
| Are there annual limits? | Annual coverage limits of $50,000 per account, per year are typical. |
| How long am I protected? | Purchase protection typically ranges from 90 days from the date of purchase to 120 days, depending on your card provider. |
Chase Mobile App
Getting the most out of your Ink business card also requires downloading the latest version of the Chase Mobile® banking app. The Chase Ink app can help you
| Set spending limits | The Chase Mobile banking app lets businesses set caps on specific on cards to prevent overuse or misuse. | |
| Organize receipts | The mobile app provides a streamlined way of generating expense reports and bookkeeping, with purchases automatically recorded in the app. | |
| Label purchases | The Chase mobile app allows companies to tag purchases and sync with its Chase.com account to create dynamic spending reports. | |
Complimentary Employee Cards
Speaking of employee cards – Chase Ink gives you the power to streamline business expenses through complimentary employee cards. As a business owner, you can request additional employee cards at no extra cost, allowing you to easily manage and track expenses while empowering your employees to make purchases on behalf of your business.
Visa Signature Benefits
| Zero Fraud Liability | Roadside Dispatch | Cardholder Inquiry Services |
| Lost/Stolen Card Reporting | Emergency Card Replacement | Auto Rental Collison Damage Waiver |
| Travel and Emergency Assistance Services | Purchase and Extended Protection | Lost Luggage Reimbursement |
The Ink Premier Card provides many of the same benefits as Ink Cash, Preferred, and Unlimited. These benefits and protections include the following features:
- Auto Rental Collision Damage Waiver: This feature provides coverage for theft and collision when the rental company’s collision coverage is declined, and the entire business rental is charged to an Ink Premier business card.
- Cell Phone Protection: Ink Business features up to $1,000 in cell phone protection when paying your mobile phone bill using the Ink Business Premier Card. This feature is good for up to 3X per year but requires a $100 deductible for each claim.
- Trip Reimbursement and Insurance: The card also provides comprehensive travel protections. First, cardmembers receive up to $5,000 of coverage per person for prepaid, nonrefundable travel expenses when using the card to pay for travel. This benefit is limited to $10,000 per trip. Second, cardmembers enjoy up to $500 per ticket at reasonable expenses when a flight or trip is delayed by more than 12 hours or requires an overnight stay.
- Extended Warranty Coverage: Enjoy a year of extended warranty protection on purchases with three years or less warranties.
- Purchase Protection: Purchase protection for up to 120 days, up to $10,00 per claim and $50,00o per year.
- No Foreign Transaction fees: Pay no additional fees when using the card for purchases abroad or on international websites
Comparisons
Not sure if the Chase Ink Business Premier Card is right for you? Here is a quick breakdown of three similar business card products:
| Ramp Visa Card | Revenued Business Card | BILL Divvy Corporate Card | |
|---|---|---|---|
| Guarantee required? | No | No | No |
| Rewards | Earn unlimited 1.5% cash back on every purchase | None | Earn up to 7X on dining purchases, up to 5X on hotels, up to 2X on recurring software subscriptions, and up to 1.5X on all other purchases |
| Integrations | Block or restrict spending to a specific vendor – for either a specific card or your entire company | Payment calendar and transaction history | Combines seamless expense management software with business cards so you never have to process another expense report |
| Fees | No fees – including foreign transaction, setup, or replacement fees | No fees or hard credit checks to apply | No interest rates, no annual fee |
Other Chase Ink Offers to Consider
| Ink Business Cash® | Ink Business Unlimited® | Ink Business Preferred® | |
|---|---|---|---|
| Rewards | Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year | Earn unlimited 1.5% cash back on all purchases | 3X on travel, shipping, internet, cable and phone services and advertising purchases made with social media sites and search engines on the first $150,000 in combined purchases each account anniversary. |
| Intro APR | 12 months on purchases | 12 months on purchases | N/A |
| Add. cards | Free | Free | Free |
| Annual fee | $0 | $0 | $95 |
What We Like About the Ink Premier Card
No Rewards Cap
The biggest benefit of Ink Premier is the ability to earn enhanced cash back without a rewards cap. The Ink Premier earns a baseline rate of 2% cash back on purchases, with those purchases over $5,000 netting a 2.5% cash back. Chase notes that you can earn $250 cash back just by spending $10,000 on your Premier Visa Signature.
That might seem like a lot of money, but not when considering the card’s Pay in Full feature. This card is designed for companies with impressive budgets and turnover, so investing a sum like $10,00 might not be as daunting as it seems.
Free Employee Cards
Earning rewards is even easier, thanks to free employee cards. While the card account carries a steep annual fee, that charge isn’t passed down to additional accounts, meaning you can issue cards to one – or all – of your employees and watch the cash back rewards soar!
No Foreign Transaction Fee
Unlike the other Chase Ink business cards, the Ink Business Premier does not charge a foreign transaction fee. Those cards charge 3% of the transaction cost in US dollars. The Ink Business Premier, on the other hand, charges no foreign transaction fees.
Things to Consider
The chief downside with the Ink Premier is the inability to transfer points. Chase currently pairs with more than a dozen leading hotel and airline loyalty programs, including British Airways, JetBlue, Hyatt, United Airlines, and more. Despite that, the business card, with no foreign transaction fees and up to 5% back when booking travel through Chase, doesn’t let cardmembers opt for points transfers, gift cards, or even shopping with partners.
FAQs
Here you can find answers to some of the commonly asked questions about Chase Ink business credit cards:
- Yes. Most credit cards result in a hard pull when applying. Chase may use a soft pull when checking for prequalified offers, but a full application will result in a credit inquiry.
- Data suggests that Chase uses Experian for credit checks.
- Chase typically reports to the credit agencies approximately 3 to 4 days after the closing data on the card statement.
- Chase representatives are available through the Chase mobile app or by calling 1-800-935-9935.
Chase Ratings
How does the Ink Business Visa Signature stack up? Here are a selection of expert reviews for the card, as well as an overview of JP Morgan Chase as a bank:
| BestCards | Better Business Bureau | TrustPilot |
|
4.5/5 |
3.5/5 |
2/5 |
Should You Apply for the Ink Business Premier® Credit Card?
The Ink Business Premier Credit Card is a decent cash back card for companies that want super-sized rewards and are willing to pay a hefty price. The card’s unlimited 2% cash back is nice but not something that can’t be found elsewhere. In fact, the value for money is lacking with the card – especially as comparable products are available from Chase, though at a slightly lower earning rate. Still, the Premier simply doesn’t offer enough value unless your company plans to maximize the 2.5% back category.
The three competitor cards outlined above (the Ramp Visa, BILL Divvy Corporate Card, and Revenued Business Card) all provide similar rewards, with no annual fee and much greater software and accounting integrations. Those technological integrations provide real value for companies – far more than 2% cash back. And while those cards are more corporate cards or prepaid debit cards, for a company that plans to pay in full, they might provide more controls than a charge card.
Ultimately, plan to spend big on investing in your business. The Ink Business Premier might be the ideal corporate charge card. If not, however, don’t fret; plenty of other business card options are available.
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