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Ink Business Premier Credit Card – Full Review [2023]

Name: Ink Business Premier Credit Card – Full Review [2023]
Item: Ink Business Premier Credit Card
Rating: 4.26
Author: Jarrod West

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"Chase's newest business card!"

Earn up to 5% cash-back for your business without complex bonus earning categories!

Learn More (at Chase's secure site)

Jarrod West

- Updated: March 14, 2023, 2:40pm CDT

Chase has introduced the New Business Card! 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

Ink Business Premier - Card Snapshot

Welcome Bonus & Info (Partner Content)
- 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.
Card Categories:
Related Articles
- Benefits of the Ink Business Premier Card
- Best Chase Business Credit Cards

Great Card If

You operate a business that has a lot of large expenses
You’re looking for a card that offers perks like no foreign transaction fees, free employee cards, and cell phone protection

Don't Get If

You want a card that earns transferable rewards
You want a card that has a lower annual fee

Ink Business Premier - Fees

Annual Fee
- $195
Foreign Transaction Fees
None
Interest Rates
- Flex for Business APR: 18.74% - 26.74% Variable

Ink Business Premier Card - Is It Worth It?

Small business owner checking laptop with boxes — Image Credit: Daenin via Adobe Stock

While many cards on the market offer 2% cash-back on all purchases, stepping that up a notch and offering 2.5% cash-back on purchases over $5,000 is exceptional and makes the Ink Business Premier card a standout for business owners that frequently make purchases over this size.

Further, the card offers several benefits that business owners are sure to love. For starters, many cash-back credit cards charge foreign transaction fees, while the Ink Business Premier card does not, making it a great option for business owners who often make international purchases.

Cardholders will also enjoy perks like cell phone protection, purchase protection, rental car insurance, free employee cards, and much more. Put simply, if you’re a business owner that is looking for an excellent all-around cash-back rewards card, then the Ink Business Premier card would be a great option.

Ink Business Premier Card Top Benefits

Card Protections

With your Ink Business Premier card, you’ll receive the following card protections:

Cell Phone Protection: Receive up to $1,000 per claim against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Ink Business Premier card (maximum of 3 claims in a 12-month period with a $100 deductible per claim).
Purchase Protection: Purchases made with your card are covered for 120 days from the purchase date against damage or theft for up to $10,000 per claim and $50,000 per account.
Extended Warranty Protection: Receive 1 year of warranty coverage added on eligible warranties of 3 years or less on items purchased with your card.
Rental Car Insurance: Receive primary rental car coverage when you decline the rental company’s insurance and pay for your rental car with your Ink Business Premier card.

Free Employee Cards

While the annual fee for your primary Ink Business Premier card is $195, there is no fee to add additional employee cards. This is a great feature for business owners that have employees who make purchases on behalf of the business and allows you to make sure you’ll be earning 2% to 2.5% cash-back on purchases your employees make as well.

Best Way To Earn and Redeem Cash-back Rewards

To rack up as much cash-back as possible, you’ll want to use your Ink Business Premier card for every business expense you possibly can. You’ll especially want to use it on transactions of $5,000 or more to earn 2.5% cash-back. Of course, you’ll still earn 2% cash-back on all other card purchases as well. Don’t forget that the card also earns 5% back on travel purchased through the Chase Ultimate Rewards travel portal for your business travel needs.

When you’re ready to redeem your cash-back rewards, you’ll have 4 options for doing so. The first is as a statement credit to offset card purchases, or as a deposit to your linked bank account, with no redemption minimum. You can also redeem your cash-back through the Chase Ultimate Rewards travel portal, to purchase Apple products through Chase, or for gift cards from over 150 merchants.

Alternative Cards to the Ink Business Premier Card

Ink Business Unlimited® Credit Card

If you’re looking for an excellent cash-back business card without an annual fee, then the Ink Business Unlimited card is worthy of consideration. With it, you’ll earn an uncapped 1.5% back on all purchases, with no need to worry about maximizing card bonus categories.

Further, it offers perks like free employee cards, purchase protection, rental car insurance, extended warranty coverage, and more.

See how these card compare here: Ink Business Premier card vs. Ink Business Unlimited card

Ink Business Preferred® Credit Card

Those who want a business credit card that earns flexible rewards shouldn’t overlook the Ink Business Preferred card.

It is a strong point earner offering 3x points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines.

When you’re ready to redeem those rewards you can do so for cash-back at a rate of 1 cent per point, through the Chase travel portal at a rate of 1.25 cents per point, or receive even more value through one of the many Chase Ultimate Rewards transfer partners.

Not to mention that it offers several great benefits like no foreign transaction fees, free employee cards, cell phone protection, purchase protection, extended warranty coverage, and rental car insurance.

Read more in our full comparison of these 2 cards: Ink Business Premier card vs. Ink Business Preferred card

We’ve also compared the Ink Business Premier card to these popular credit cards:

Featured Image Credit: Chase

Frequently asked questions

Is the Ink Business Premier card worth it?

If you’re looking for a strong cash-back rewards business card, in particular one that rewards business owners who frequently make large purchases, then yes, the Ink Business Premier card would likely be worth it for you.

What are the benefits of the Ink Business Premier card?

Cardholders of the Ink Business Premier card receive several benefits like free employee cards, no foreign transaction fees, cell phone protection, purchase protection, extended warranty coverage, rental car insurance, and more.

Does the Ink Business Premier card have an annual fee?

Yes, the Ink Business Premier card charges a $195 annual fee.

Does the Ink Business Premier card charge foreign transaction fees?

Unlike many other cash-back cards, the Ink Business Premier card does not charge foreign transaction fees.

Can the rewards earned with the Ink Business Premier card be combined with other Chase Ink cards?

Unlike the other cash-back-focused Ink business cards, the Ink Business Unlimited card and Ink Business Cash card, the cash-back rewards you earn with the Ink Business Premier card cannot be combined with other Chase cards — notably ones that offer access to Chase’s travel transfer partners.

About Jarrod West

Jarrod has been writing about the ins and outs of credit cards and loyalty programs, along with airlines and hotels, for over 6 years. He is regularly called upon to share his expertise on the latest news within the space, and has been featured in publications such as Matador Network, The New York Times, RetailMeNot, and Yahoo! Finance. Jarrod has over 20 credit cards in his wallet and has tested out dozens more in order to vet the very best card options for readers. As he is constantly sampling new cards, Jarrod also earns (and redeems) over 1 million points and miles each year. This allows him to book luxury travel experiences the world over, and save tens of thousands of dollars in the process.

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