You Can Now Apply for Chase’s Ink Business Premier Credit Card

Chase’s newest business credit card, the Ink Business Premier^® Credit Card, is now publicly available to apply for. This new entry helps round out Chase’s Ink card lineup and will be especially appealing for big spenders, though it does come with the steepest annual fee of the bunch at $195 per year.

Here’s everything you need to know about this new card to help determine if it’s a good fit for your business’ needs.

Ink Business Premier Card Welcome Offer

Ink Business Premier^® Credit Card

U.P. Rating

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!

Learn More(at Chase's secure site)

Ink Business Premier^® Credit Card

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

Welcome Offer

Earn $1,000 bonus cash-back after you spend $10,000 on purchases in the first 3 months from account opening.

$1,000

Annual Fee

$195

APR

Flex for Business Variable APR: 19.49% - 27.49%

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

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 & Cons

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 Travel
• 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

Card Highlights

• 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 Travel℠, 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.
• Get the buying power you need to make large purchases, cover monthly expenses and help your business grow. While you must pay your Pay In Full balance each month, this card has built-in flexibility. The Flex for Business feature allows for qualifying purchases to be paid over time with interest.
• 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.
• Member FDIC

Financial Snapshot

• APR: Flex for Business Variable APR: 19.49% - 27.49%
• Foreign Transaction Fees: None

Card Categories

• Credit Card Reviews
• Best Business Credit Cards
• Cash Back Credit Cards
• Best Sign Up Bonuses

More Reads

• Benefits of the Chase Ink Business Premier
• Best Chase Business Credit Cards
• The Best Business Credit Cards

Ink Business Premier Card Rewards

The new card earns rewards at the following rates:

• 5% cash-back on travel purchases made through the Chase travel portal
• 2.5% cash-back on purchase of $5,000 or more
• 2% cash-back on all other purchases

As you may know, other cash-back Chase business cards, like Ink Business Unlimited^® Credit Card and Ink Business Cash^® Credit Card, earn cash-back rewards in the form of Ultimate Rewards points that you can then combine with cards that offer access to the Chase transfer partners, like the Ink Business Preferred^® Credit Card.

However, it seems that while the Ink Business Premier card will earn Ultimate Rewards, you are not able to utilize transfer partners or combine these points with your other Ultimate Rewards-earning cards.

Hot Tip: Is the Ink Business Premier card right for your business? Check out our guide to the best Chase business credit cards for cash-back and rewards to see which card might benefit you most.

Ink Business Premier Card Benefits

While the Ink Business Premier card does charge a $195 annual fee, it also offers the following benefits:

• No foreign transaction fees
• No additional fees for additional employee cards
• Cell phone protection, up to $1,000 per year in total coverage with a $100 deductible
• Trip delay reimbursement
• Trip cancellation/interruption insurance
• Primary rental car coverage
• Purchase protection
• Extended warranty coverage

Final Thoughts

Since the Ink Business Premier card does not offer Ultimate Rewards points pooling and its primary use is a cash-back card, then it likely will only be useful for large businesses with high levels of spending. After all, there are already cash-back cards on the market, like the Capital One Spark Cash Plus Card and The American Express Blue Business Cash™ Card that earn 2% back on all purchases up to $50,000 per year (1% thereafter) with lower annual fees.