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New Business Card! Ink Business Premier℠ Credit Card Review

New Business Card! Ink Business Premier℠ Credit Card

New Business Card! Ink Business Premier℠ Credit Card Review

Sign-Up Bonus
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
Travel Benefits
Unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
Foreign Transaction Fee
$0
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the New Business Card! Ink Business Premier℠ Credit Card best for?

If your business spends a large amount on company expenses each month, you have the potential to earn a generous amount of rewards with the Ink Business Premier℠ Credit Card.

Along with a hefty sign-up bonus and 5% cash back on travel purchased through Chase Ultimate Rewards, cardholders earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases. This is one of the highest rates of cash back around, especially for businesses who surpass the $5,000 spending threshold each month.

Just know, the Ink Business Premier℠ Credit Card doesn’t earn Ultimate Rewards points, so you can’t transfer rewards to travel partners or other Chase credit cards. You should also know that the card charges a $195 annual fee and requires cardholders to pay their balance in full each month (although some purchases may be eligible to pay off over time with interest).

We’ll highlight the pros and cons of the Ink Business Premier℠ Credit Card, as well as show how it compares to similar cards, to help you determine if it’s the right pick for you.

Ink Business Premier℠ Credit Card overview

    • 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 Ultimate Rewards, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
    • Rich Rewards. Limitless Opportunities. With no minimum redemption amount, redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
    • For businesses who prefer to pay their balance in full each month, Ink Business Premier gives access to increased spending power, rich rewards, and premium benefits.
    • Pay off eligible purchases over time with interest up to assigned Flex for Business limit. All other purchases must be paid in full each month.
    • 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.
    660 720 850
    Excellent/Good
  • Purchase protection
  • Extended warranty protection
  • Roadside dispatch
  • Cell phone protection
  • Trip cancellation/interruption insurance
  • Trip delay reimbursement
  • Baggage delay insurance
  • Auto rental collision damage waiver
  • Travel and emergency assistance services
  • Foreign transaction fees: $0

Intro Purchase APR

N/A

Regular Purchase APR

Flex for Business Variable APR: 17.99% - 25.99%

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$195

Cash Advance Fee

Either $15 or 5% of the amount of each transaction, whichever is greater.

Foreign Transaction Fee

$0

Balance Transfer Fee

N/A

Pros and cons

Pros

  • Cash back rate
  • Sign-up bonus
  • Travel benefits
  • Cell phone protection

Cons

  • Does not earn Ultimate Rewards points
  • High spend requirement to earn bonus
  • Annual fee
  • Must pay some purchases in full each month

What we like about the Ink Business Premier℠ Credit Card

  • Cash back rewards

    Cardholders earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases. Plus, cardholders also earn unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards.

    Rewards can be redeemed for cash back, travel, Amazon.com and PayPal purchases, gift cards, Apple products and more.

  • Sign-up bonus

    The Ink Business Premier℠ Credit Card offers one of the highest sign-up bonuses currently available from a business credit card: Cardholders earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.

  • Travel benefits

    The Ink Business Premier℠ Credit Card comes with a number of valuable travel benefits, including trip cancellation and interruption insurance, trip delay reimbursement, baggage delay insurance, auto rental collision damage waiver and travel and emergency assistance services. In addition, the card charges $0 in foreign transaction fees.

  • Cell phone protection

    When you use your Ink Business Premier℠ Credit Card to pay your monthly cell phone bill, you’ll receive cell phone protection of up to $1,000 per claim against covered theft or damage. Coverage also applies to any employees listed on your cell phone bill.

    Note, however, that you are allowed a maximum of three claims in a 12-month period, with a $100 deductible per claim.

What to watch out for with the Ink Business Premier℠ Credit Card

  • Does not earn Ultimate Rewards points

    If you’re looking to maximize the value of your rewards by transferring them to a travel partner or combining them with Ultimate Rewards from other Chase cards, beware that you won’t be able to with Ink Business Premier℠ Credit Card.

  • High spend requirement to earn bonus

    Although the Ink Business Premier℠ Credit Card offers an extremely high sign-up bonus, it also requires cardholders to spend $10,000 in the first three months of card membership to earn it.

    By comparison, many other rewards cards only require cardholders to spend $3,000 in the first three months to earn the sign-up bonus.

  • Annual fee

    The Ink Business Premier℠ Credit Card charges a $195 annual fee.

    That said, the value you can get from the card’s sign-up bonus more than covers that amount during the first year of card membership. You should also know that there’s no additional cost for employee cards.

  • Must pay some purchases in full each month

    The Ink Business Premier℠ Credit Card is a pay-in-full card — meaning, you’ll have to pay your balance in full each month. The card does, however, offer the option to pay for eligible purchases over time, up to your Flex for Business limit (subject to a Flex for Business Variable APR: 17.99% - 25.99%).

Alternate card to the Ink Business Premier℠ Credit Card

Compare it to the Ink Business Unlimited® Credit Card

| Disclosures
Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card
on Chase's secure site
0% Intro APR on Purchases for 12 months
16.99% - 22.99% Variable
$0
Earn unlimited 1.5% cash back on every purchase made for your business
  • BEST OFFER EVER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • 0% introductory APR for 12 months on purchases
660 720 850
Excellent/Good

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

If you prefer a business credit card with a $0 annual fee and an interest-free period on purchases — and you don’t mind earning a slightly lower sign-up bonus and cash back rate on general purchases — the Ink Business Unlimited® Credit Card may be a better fit.

The card offers a 0% Intro APR on Purchases for 12 months; after that, a 16.99% - 22.99% Variable APR applies.

In addition, as a cardholder, you can earn a LIMITED TIME OFFER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. Plus, you can also earn unlimited 1.5% cash back on every purchase made for your business. Rewards can be redeemed for cash back, travel, gift cards or merchandise.

And although the Ink Business Unlimited® Credit Card doesn’t come with cell phone protection, it does still offer purchase protection, extended warranty protection auto rental collision damage waiver, roadside dispatch and travel and emergency assistance services.

Compare the Ink Business Premier℠ Credit Card to similar cards

Comparison of four different credit cards
New Business Card! Ink Business Premier℠ Credit Card Ink Business Unlimited<sup>®</sup> Credit Card Ink Business Cash<sup>®</sup> Credit Card Capital One Spark Cash Select - $500 Cash Bonus
New Business Card! Ink Business Premier℠ Credit Card Ink Business Unlimited® Credit Card Ink Business Cash® Credit Card Capital One Spark Cash Select - $500 Cash Bonus
Apply Now
on Chase's secure site
Apply Now
on Chase's secure site
Apply Now
on Chase's secure site
Apply Now
on Capital One's secure site
Welcome Offer
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening. LIMITED TIME OFFER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. LIMITED TIME OFFER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening
Rewards Rate
Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases. Earn unlimited 1.5% cash back on every purchase made for your business 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 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel
Annual Fee
$195 $0 $0 $0
Intro Purchase APR
N/A 0% Intro APR on Purchases for 12 months 0% Intro APR on Purchases for 12 months N/A
Regular APR
Flex for Business Variable APR: 17.99% - 25.99% 16.99% - 22.99% Variable 16.99% - 22.99% Variable 16.24% - 22.24% (Variable)
Recommended Credit
Excellent/Good Excellent/Good Excellent Excellent
Card Details
Additional card details unavailable Ink Business Unlimited® Credit Card Ink Business Cash® Credit Card Capital One Spark Cash Select - $500 Cash Bonus

Is the Ink Business Premier℠ Credit Card right for you?

The Ink Business Premier℠ Credit Card is one of the most rewarding cards you will find for small businesses — if you spend a large amount on business purchases each month, that is. For example, to earn the sign-up bonus, you’ll need to spend $10,000 in the first three months of card membership. In addition, you can only earn the highest cash back rate on purchases of $5,000 or more. That said, the card does offer a solid cash back rate on all other purchases.

But if you don’t spend enough to justify the $195 annual fee, the Ink Business Unlimited® Credit Card may be a better choice. Along with a flat cash back rate on every purchase, the card charges a $0 annual fee — plus, the card offers an intro APR on purchases for a year.