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Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, deta...
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If you’re a business owner with significant monthly expenses, it can make economic sense to earn rewards on every purchase your business makes. Rewards, especially in the form of cash-back, can be used to offset expenses or invest back into the business.
But you may find it difficult to secure a business credit card that will earn elevated rewards on business expenses without the restriction of annual limits. Some business credit cards, for example, offer elevated earnings on expenses up to just $50,000, or even $150,000 each year, but few offer unlimited elevated earnings.
Today we’ve selected the Ink Business Premier℠ Credit Card as our featured card because of its unlimited elevated earnings on every purchase, and also because it offers a long list of additional benefits that may add value to your business.
Join us as we look at all the reasons to consider this new Chase business card offering, and a few limitations you should be aware of.
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
Earn up to 5% cash-back for your business without complex bonus earning categories!
Chase has introduced the Ink Business Premier℠ Credit Card to its business credit card lineup. With straightforward cash-back earnings on everyday purchases and large expenses, tools to help you monitor your business, and multiple ways to redeem your rewards, this is a great card option to consider.
Pros
Earn 2.5% total cash-back on purchases of $5,000 or more
Earn 2% cash-back on all other business purchases
Unlimited 5% total cash-back on travel purchased through Chase Ultimate Rewards
No foreign transaction fees
Trip cancellation and trip interruption insurance
No additional cost for employee cards
Cell phone protection
Primary rental car coverage
Purchase protection
Extended warranty coverage
Cons
$195 annual fee
Some purchases need to be paid in full each month and don’t qualify for Flex for Business APR
Rewards cannot be pooled with Chase cards that offer access to transfer partners
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.
The only business credit card with 2.5% cash back on every purchase of $5,000 or more.
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.
Meet the minimum spending requirements and receive generous points that can be redeemed for cash-back, travel, shopping at select retailers, or gift cards.
Welcome offer bonuses vary, so be sure to access the above card table for the most recent offer before you apply.
Earning Potential
Earn cash-back on every purchase your business makes, even services. Image Credit: fauxels via Pexels
Rest assured that all of the purchases your business makes will earn cash-back. Here’s how the Ink Business Premier card earns rewards.
2. Earn on Every Purchase [$2,000]
Every purchase will earn at least 2% unlimited cash-back. If you use the card for $100,000 in business expenses, you’ll earn at least $2,000 cash-back.
3. Earn More on Large Purchases [$500]
For purchases of $5,000 or more, you will earn 2.5% cash-back. If your business makes a lot of large purchases, this additional cash-back could make a difference in the amount of additional rewards you will receive over time. Just 4 such purchases would earn a total of at least $500 cash-back.
4. Elevated Cash-back on Travel Purchases [$500]
Make your business travel purchases via the Chase Ultimate Rewards travel portal and receive 5% cash-back on every purchase. $10,000 of business travel purchases would earn $500 in cash-back.
Bottom Line: The Ink Business Premier card earns 2% cash-back on every purchase, 2.5% cash-back on purchases $5,000 and up, and 5% cash-back on travel purchases via the Chase travel portal.
Redemption Options
Cash-back rewards can help your business grow. Image Credit: Canva Studios via Pexels
Cash-back on the Ink Business Premier card is earned as bonus points. Here are your options for redeeming those points. The value of each specific redemption option will vary.
5. Redeem for Cash-back
There is no minimum points redemption. Redeem your points for cash-back as a statement credit or have the amount transferred to your Chase savings or checking account.
6. Redeem for Travel
Bonus points earned on your card can be redeemed for travel at the rate of 1 cent each via the Chase Ultimate Rewards travel portal.
7. Shop With Points
While shopping with points is not a good redemption value, you can redeem rewards earned on your card for 0.8 cents per point for shopping at Amazon or via PayPal.
8. Redeem for Gift Cards
Redeem your points for gift cards, but watch for sales where you may receive up to a 10% discount.
Unlike other Chase Ultimate Rewards-earning cards, points earned on the Ink Business Premier card cannot be transferred to other premium Chase cards, or to airline or hotel partners.
Bottom Line: The best value for redeeming points earned on the Ink Business Premier card is cash-back, but you have other options such as travel via the Chase travel portal, shopping via Amazon and PayPal, and redeeming for gift cards. Unlike other Ultimate Rewards points-earning cards, points cannot be transferred to other cards or travel partners.
Travel Protections and Benefits
If you frequently rent a car for business purposes, you’ll want to have primary car rental protection. Image Credit: Ingo Joseph via Pexels
Travel protections and benefits can provide peace of mind and save you money during your travels. Here are some of the key travel perks you’ll find on the Ink Business Premier card.
9. Primary Car Rental Insurance [$200]
Reserve and pay for your entire car rental with your Ink Business Premier card, decline the rental agency’s CDW/LDW coverage, and receive primary car rental coverage when renting for business or outside of the U.S. and secondary coverage for personal rentals in the U.S. Primary car rental insurance provides coverage for damage and theft of the rental car and does not require you to file a claim with any other applicable insurance before card coverage kicks in.
Car rental daily insurance coverage can run $20 per day. If you had just one 10-day rental each year, you could be saving $200.
10. Trip Cancellation and Trip Interruption Insurance [$100]
If an eligible trip, paid for with your card, has to be canceled or is interrupted due to a covered reason, you could receive up to $5,000 per trip for prepaid, non-refundable expenses.
11. Trip Delay Reimbursement [$100]
If your trip is delayed more than 12 hours or overnight, you could receive reimbursement of up to $500 per ticket.
12. Baggage Delay Insurance [$100]
If your baggage is delayed more than 6 hours, you’ll get reimbursed up to $100 per day, a maximum of $500, for eligible incidentals.
13. Roadside Dispatch [$50]
For 1 pre-determined reduced price per service call, you can receive limited towing, standard winching, jumpstart service, tire changing of inflated spare, lockout service, and emergency fuel. Any services over and above the offered services will be charged to the card.
14. No Foreign Transaction Fees [$60]
If your business involves making foreign transactions, having a card that does not charge foreign transaction fees can save you as much as 3%. $2,000 in foreign transactions would save you $60.
15. Travel and Emergency Assistance Services [Value Varies]
Receive 24/7 assistance while traveling for emergency transportation services, translation referral services, medical or legal referrals, help with passport replacement, and more. The cardholder is responsible for the actual services received.
Bottom Line: The Ink Business Premier card comes with several travel protections and benefits such as primary car rental insurance, trip cancellation/interruption/delay insurance, baggage delay insurance, roadside dispatch, no foreign transaction fees, and travel/emergency assistance services.
Shopping Protections and Benefits
Receive cell phone protection for up to 3 claims per year with the Ink Business Premier card. Image Credit: Jess Baily Designs via Pexels
16. Cell Phone Protection [$900]
Pay your monthly wireless bill with your card and receive up to $1,000 per claim, up to 3 claims each year, for damage or theft. There is a $100 deductible per claim. Employee cell phones paid for with your card are also eligible, but claims count toward the specified limits.
17. Purchase Protection [Value Varies]
Pay for an eligible item with your card and receive coverage for up to 120 days from the date of purchase for accidental damage or theft, up to $10,000 per claim and $50,000 per account.
18. Extended Warranty [Value Varies]
For eligible items purchased with your card that have manufacturer’s warranties of 3 years or less, you will receive 1 additional year.
19. Chase Offers [$100]
Log in to your online Chase card account to review and select the available Chase Offers for additional cash-back on purchases from select retailers and service providers. Check your offers often and you could save significantly on everyday purchases.
Bottom Line: The Ink Business Premier card comes with valuable shopping protections and benefits such as cell phone protection, purchase protection, extended warranty, and Chase Offers.
Card Account Management Tools
Managing your business expenses is made easier with these card account management tools, protections, and benefits. The value of account management tools to your business can vary widely.
20. No-Cost Employee Cards
Add trusted employees to your card account for no additional fee. Manage employee expenses by setting spending limits and monitoring transactions with online access. You, and your company, are responsible for charges made by employees as authorized users.
21. Pay in Full
Purchases made on the Ink Business Premier card are required to be paid in full each month. Paying in full can help your business avoid debt and keeps credit lines open for additional expenses.
22. Pay Over Time
With the Flex for Business option, you can choose to pay your balance back over time with interest (see table above for current APR rates). Flex for Business has limits on the amount of purchases that qualify for the flexible payment benefit and not all purchases are eligible. Any purchases that do not qualify must be paid in full each month.
23. Fraud Protection
Your Ink Business Premier card has automatic real-time fraud monitoring. You’ll also have 24/7 access to the fraud alert line if you think you’ve been the victim of fraud. Use online account fraud protection management tools to review transactions or file a report.
24. Zero Liability Protection
Have peace of mind that unauthorized use of your card is covered under zero liability protection. This protection does not apply to authorized users.
25. Account Alerts
Manage your card account by setting up alerts to notify you of unusual activity such as when a large or suspicious purchase is made or when payments are due.
Alternative Cards to the Ink Business Premier Card
The Ink Business Premier card is designed for businesses that spend heavily. Here are 3 additional Chase business cards that may offer a better fit for businesses that have a different mix of spending, fewer expenses, or prefer flexible travel redemption options.
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.
The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.
Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash-back or $1,250 toward travel when redeemed through Chase Ultimate Rewards.
The Ink Business Preferred® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.
Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.
Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.
Pros
3x Ultimate Rewards points per $1 on up to $150,000 in combined purchases on internet, cable and phone services, shipping expenses, travel, and ads purchased with search engines or social media sites
Cell phone protection
Purchase protection
Trip cancellation and interruption insurance
Rental car insurance
Extended warranty coverage
Cons
No elite travel benefits like airport lounge access
Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
Round-the-clock monitoring for unusual credit card purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
The Ink Business Preferred card comes with a long list of travel benefits and 3x earnings on common business purchases such as internet, cable, wireless, shipping services, and ads purchased via select social media sites (up to $150,000 per year combined). The card earns flexible and transferrable Ultimate Rewards points that can be transferred to other premium Chase cards and to airline and hotel partners.
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.
As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.
If so, the Ink Business Unlimited® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the card is a no-frills option that you don’t have to think twice about.
Don’t forget too, 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
Pros
1.5% cash-back on all purchases
No annual fee
0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
Employee cards at no additional cost
Earn flexible rewards
Cons
3% foreign transaction fee
Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
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 purchases
Round-the-clock monitoring for unusual credit card purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
No Annual Fee
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
The Ink Business Unlimited card earns 1.5% on every purchase your business makes and does not charge an annual fee. If your business uses the card for $40,000 in non-bonus category expenses each year, that’s $600 in cash-back. With the Ink Business Premier card, you would earn $800 in cash-back, but would almost entirely offset the elevated earnings with the annual fee of $195.
For smaller businesses, the Ink Business Unlimited card may be a better choice.
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
This card offers great rewards and no annual fee. Any new business owner that needs to get going will enjoy this card.
The Ink Business Cash® Credit Card has a lot going for it that makes it a compelling choice for small business owners. The card features a very lucrative 5% back on up to $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year.
When you factor in that the card has no annual fee, and 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter, you could be adding big value back into your business for no cost out of pocket.
Pros
Earn 5% back on up to $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year
Earn 2% back on up to $25,000 spent in combined purchases at gas stations and restaurants, and 1% back on all other purchases
Travel insurance and purchase protection
0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
Employee cards at no additional cost
No annual fee
Cons
Spending caps in bonus categories
Low points earning outside of bonus categories
3% foreign transaction fees
Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
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 purchases
Round-the-clock monitoring for unusual credit card purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
No Annual Fee
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
The Ink Business Cash card offers small businesses elevated earnings of 5% cash-back on business expenses such as office supply store purchases, cable, wireless, and phone services. Additionally, restaurant and gas station purchases earn 2% cash-back. Note that 5% bonus categories and 2% bonus categories purchases are limited to $25,000 each account anniversary year combined.
Plus, if your business has a large purchase(s) coming up, you’ll have the advantage of utilizing the 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter.
If your business makes a lot of large purchases or has significant overall expenses, the Ink Business Premier card could be a consideration for ensuring all of those purchases receive accelerated earnings. If you prioritize receiving cash-back on a large volume of business expenses over redeeming rewards for travel or have other cards earning travel rewards, it could be an especially good choice.
The true value of this cash-back card can be found in the earning potential for businesses that have high expenses.
If you prefer to earn travel rewards on your business expenses or want to have flexible travel redemption options, the Ink Business Premier card may not be a fit and you should consider an alternative business credit card.
There are alternative business credit cards, many with lower annual fees, solid earning structures, and flexible redemption options, that may be a better choice for your business situation.
Featured Image Credit: fauxels via Pexels
Frequently Asked Questions
Yes, the Ink Business Premier card can be a good choice if your business has significant annual expenses. The card offers elevated unlimited earnings, ensuring all your purchases earn maximum rewards.
In addition, the card comes with cell phone protection, primary car rental insurance, trip cancellation and interruption insurance, purchase protection, and extended warranty protection.
The Ink Business Premier card does not earn transferrable Ultimate Rewards points. The card earns points that can be redeemed for cash-back, shopping at select retailers, gift cards, or used as Ultimate Rewards worth 1 cent each for purchasing travel via the Chase travel portal.
No. Points earned on the Ink Business Premier card cannot be transferred to airline or hotel partners.
No, you cannot transfer points earned on the Ink Business Premier card to other Chase cards.
The Ink Business Premier card is a charge card in the sense that you must pay off the balance each statement period. There is also an option to pay back the balance over time with interest using the Flex for Business feature.
Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.
Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.
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