Chase Ink Business Premier Card review: Full details – The Points Guy

Chase Ink Business Premier Credit Card Overview

The Chase Ink Business Premier® Credit Card is designed for business owners who want to earn cash-back rewards on their everyday purchases. It has good earning rates, but the $195 annual fee is high for what you get from this product because you won’t be able to transfer your rewards to Chase’s travel partners for maximum value. Card Rating*: ⭐⭐½

, card rating Based on the opinion of TPG editors and not influenced by card issuers.

Chase has long offered “cash-back” credit cards that actually earn chase the ultimate rewards score.

This means that if you have another Chase card that earns transferable Ultimate Rewards points, such as Chase Sapphire Preferred® Card (Look Rates and Fees) Or Chase Sapphire Reserve® (Look Rates and Fees), you can transfer your cash back to the Ultimate Rewards-Earning Card and then use the converted points with Chase Various airline and hotel partners,

However, the Chase Ink Business Premier is a different story because it earns cashback that can’t be transferred to partners, even if you have other Chase cards.

We recommend that you have a credit score At least 670 to increase the chances of approval for this card. You can also apply for the card using an employer identification number, which is tied to your business credit score.

For some businesses looking to save money on larger expenses, Ink Business Premier may be worth considering. Here’s what you need to know.

Information for Inc. Business Premier is independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

This easily makes up for your first year’s $195 annual fee, and is a nice welcome offer compared to similar card options. This is the standard welcome offer that we usually see on this card. Note that you will receive a welcome bonus in the form of 100,000 points, which can be redeemed as $1,000 cashback.

However, many Travel Rewards Credit Card Offer high value welcome bonuses for both business and personal use. And while this is a big bonus for business-focused cash-back cards, most cash-back business cards come with low annual fees.

Also, the spending requirement for this card’s welcome bonus is quite high, so that’s something else to keep in mind.

Before you apply, make sure you meet everyone at Chase Application Requirementsincludes being under 5/24 rule,

Connected: 15 cards currently offering welcome bonuses of 100,000 points or more

• employee card: Similar to other Ink cards, the Employee Card does not have any additional fees for the primary cardholder.
• cellphone security: Coverage is increased to $1,000 per claim for three claims per year with a $100 deductible per claim.
• purchase protection: This benefit covers new purchases for 120 days against damage or theft (up to $10,000 per item and $50,000 per account).
• Trip Cancellation/Interruption Insurance: If your trip is canceled or shortened due to illness or severe weather or other covered conditions, you can get reimbursed up to $5,000 per covered traveler (up to $10,000 total per trip) for prepaid, non-refundable travel expenses (this includes things like tours and hotel reservations).
• Extended Warranty Protection: Purchases with a US manufacturer’s warranty of three years or less will include an additional year of coverage.
• auto rental collision damage waiver: Enjoy primary coverage that protects against theft and damage in the US and most countries around the world. You’ll get reimbursed up to $60,000 for most vehicles with a manufacturer’s suggested retail value of $125,000 or less.

Considering that you can get cellphone protection and similar benefits for a much lower $95 annual fee with the Ink Business Preferred® Credit Card, the benefits on this card aren’t particularly exciting compared to the competition.

If you are a business owner and are only looking for cash back on purchases, the benefits may not matter that much to you. But for that high $195 annual fee, it’s reasonable to expect more valuable benefits like access to transfer partners or some statement credits. TSA PreCheck or Global Entry,

Ink Business Preferred information is independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Earning Rewards on Chase Ink Business Premier

To be clear, Chase Ink Business Premier does not earn transferable Chase Ultimate Rewards points. Instead, you’ll earn:

• 5% cashback on travel booked through Chase Travel℠
• 5% cashback on Lyft purchases (through September 2027)
• 2.5% cashback on purchases of $5,000 or more
• 2% cashback on all other purchases

Unlimited 2% cashback on purchases isn’t incredibly attractive, but it’s a solid return considering you don’t have to worry about bonus categories or spending limits. Regardless of your business spending habits, you know you’re earning a good return on your purchases.

Plus, the 2.5% cash back on purchases of $5,000 or more is a nice perk for businesses that have larger expenses, while the 5% range is great for businesses that expect to book a lot of travel through Chase Travel.

Connected: Top 7 Credit Cards to Maximize Big Purchases

Redeeming Rewards on Chase Ink Business Premier

Cash back earned on Ink Business Premier is tracked as points; Each dollar equals 100 points, so when it comes to redeeming your rewards, you’ll notice that you’re redeeming points.

Cardholders can redeem their points for cash, gift cards, travel and more. Your points are worth 1 cent for any of these redemption options.

Unlike some other Chase cards that earn cashback, you won’t be able to transfer rewards earned with the Chase Ink Business Premier to your other Chase accounts to take advantage of Chase’s airline and hotel transfer partners.

This is a big downside for Ink Business Premier. Based on this reason alone, we find it difficult Recommend this cardBecause your options for maximizing your hard-earned rewards are extremely limited.

For example, some of Chase’s “cash-back” credit cards, such as Ink Business Unlimited® Credit Card (Look Rates and Fees) and this Chase Freedom Flex® (Look Rates and Fees), allows you to combine your rewards with your higher-tier cards, including Chase Sapphire Reserve And ink business priority,

Then, you can transfer those points to Chase’s transfer partners to get value at as much as 1 cent (if not more) per point.

Connected: How to Redeem Chase Ultimate Rewards Points for Maximum Value

• If you want to earn transferable Ultimate Rewards points: The Chase Sapphire Reserve℠ for Business (Look Rates and Fees) Earns 4 points per dollar spent on flights and hotels booked directly, 3 points per dollar spent on social media and search engine advertising, and 1 point per dollar spent on all other purchases. Plus, this card earns Ultimate Rewards, so you don’t have to worry about converting cashback from another Chase card into points. To learn more, read our Full Review of Sapphire Reserve for Business,
• IIf you like American Express, Blue Business® Plus Credit Card from American Express earns 2 membership Rewards Points per dollar spent on each purchase (first $50,000 spent each calendar year, 1 point per dollar spent thereafter). Additionally, you can transfer points to Amex Airline and Hotel PartnersPlus, there’s no annual fee on this card (see). Rates and Fees), which is nice. To learn more, read our Blue Business Plus full review,
• If you like Capital One: The Capital One Spark Cash Plus Earns unlimited 2% cashback on all purchases with no spending limit. You can also get your $150 annual fee back if you spend $150,000 or more each year. To learn more, read our Capital One Spark Cash Plus full review,

For additional options, check out our picks for the best business card and the best chase cards,

Connected: Chase Ink Business Preferred vs. Ink Business Premier: Which Card Should Take Place in Your Wallet?

Click for Amex Blue Business Plus Card rates and fees Here,