Last updated on August 15th, 2023
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Ink Business Premier Credit Card
Ink Business Premier Credit Card
Ink Business Premier Credit Card
- 19.49% to 27.49% variable based on creditworthiness 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 your first 3 months from account opening
- Earn a total of 2.5% cash back on every purchase of $5,000 or more. That's $250 on a purchase of $10,000 when redeemed
- Turn all your business expenses into rewards with unlimited 2% cash back on all other business purchases
- Employee cards at no additional cost
- Regular Purchase APR: 19.49% to 27.49% variable based on creditworthiness
- 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
Ink Business Premier Credit Card Review
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.
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).
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.
For starters, Ink Business Premier cardholders earn 5% cash back rewards on travel purchases booked through the Ultimate Rewards program. 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 or more. 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 (and Ultimate Rewards points) 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. Chase Ultimate Rewards offers exceptional value for money, with a variety of award options, including travel, gift cards, charitable donations, merchandise through the Chase Ultimate Rewards portal, and points transfers with select partners
Chase’s current Ultimate Rewards transfer partners include:
| Aer Lingus (AerClub) | Air France/KLM (Flying Blue) | Emirates (Skywards) |
| Air Canada (Aeroplan) | British Airways (Executive Club) | Iberia Plus |
| JetBlue (TrueBlue) | Southwest (Rapid Rewards) | Singapore Airlines (KrisFlyer) |
| Virgin Atlantic (Flying Club) | United Airlines (MileagePlus) | IHG Rewards |
| Marriott Bonvoy | World of Hyatt |
Comparisons with Other Business Cards
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 Visa® |
 BILL Divvy Corporate Card |
| Use to shop at any retailer worldwide that accepts Visa cards | Receive $500 in cash back after spending $5,000 on your card in the first 3 months | Ideal for companies that struggle with expense reports, reimbursements, receipts, and expensive annual service contracts |
| Earn unlimited 1.5% cash back on every purchase | Earn 3% cash back on every purchase | 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 |
| Add virtual cards to your Apple Wallet or Google Pay | Approvals are based on revenue, not your credit score | Combines seamless expense management software with business cards so you never have to process another expense report |
| Block or restrict spending to a specific vendor – for either a specific card or your entire company | No monthly or annual fees while you use your card or Flex Line | No contract, no obligations |
| No fees – including foreign transaction, setup, or replacement fees | No fees or hard credit checks to apply | No interest rates, no annual fee |
Other Card Features
Other features of the Ink Business Premier Card include complimentary additional employee cards. Additional employee cards earn the same 2.5%/2% cash back rate, so multiple cards mean serious rewards! Chase conveniently allows you to set individual spending limits to stay on top of your business expenses.
Cardholders also enjoy Visa for Business protections and benefits. These features include:
| Zero Fraud Liability | Roadside Dispatch | Cardholder Inquiry Services | Purchase and Extended Protection |
| Lost/Stolen Card Reporting | Emergency Card Replacement | Auto Rental Collison Damage Waiver | Travel and Emergency Assistance Services |
Other features include:
- $195 annual fee
- No foreign transaction fees
Chase Ink FAQ
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.
JP Morgan Chase and Ink Business Credit Card 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 Chase Ink Business Premier Visa Signature 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.
