The Ink Business Premier Credit Card rewards big spenders with 2.5% cash back on purchases over $5,000 and 2% back on everything else. While the rewards structure is generous, they can only be redeemed for cash back rather than transferred to travel partners.
This credit card review will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
- bonus_miles_full
- 2.5% Cash Back on Purchases of $5,000 or More
- 2.0% Cash Back on All Other Business Purchases
- Purchase Protection and Extended Warranty
- Cell Phone Insurance and Rental Car Insurance
- $195 Annual Fee
Chase Ink Premier Welcome Bonus
The Ink Business Premier currently offers the following welcome bonus: bonus_miles_full
One great aspect of this bonus is that eligibility isn’t impacted by having other Chase cards – including other Chase Ink Business products.
Earning Cashback with Ink Premier
The Ink Business Premier has a simple yet solid rewards structure. Here are the rates at which cardholders can earn per dollar spent:
- 2.5% cash back for every purchase of $5,000 or more.
- 2.0% cash back on all other business purchases.
- 5% cash back on travel purchased through Chase Travel.
This card’s rewards system works best for businesses making large purchases, with the unique 2.5% back on $5,000+ transactions setting it apart in the market.
While the base 2% rate matches other premium cash back cards, you’ll get better value from transferrable points cards for travel purchases, even with the 5% portal bonus.
The lack of traditional bonus categories makes this card less appealing for businesses with regular spending in areas like office supplies, internet, or advertising, where other business cards offer higher earning rates.
Annual Fee of Chase Ink Premier
The Chase Ink Business Premier carries a $195 annual fee. Though it’s on the higher end for business cards, businesses with substantial spending can quickly offset this cost through the card’s enhanced earning rates of 2-5% cash back on purchases.
If you’re looking to add employee cards to your account, Chase doesn’t charge any fees for additional authorized users.
Chase Ink Premier Card Benefits
The Chase Ink Premier Business card comes with the following benefits:
Primary Rental Car Insurance: When you rent a car and pay with this card, you’ll receive comprehensive coverage including damage and theft protection. Simply decline the rental company’s collision damage waiver and charge the entire rental to your card to activate coverage. This insurance covers damage, theft, and valid loss-of-use charges worldwide.
120-Day Purchase Protection: Get 120 days of protection against damage, theft, and even loss of your purchases – one of the longest windows available. This premium coverage automatically applies when you pay with your card.
Extended Warranty Protection: You’ll receive an additional year of coverage on eligible purchases that come with a U.S. manufacturer’s warranty of three years or less. This benefit can help protect your business investments beyond the standard warranty period.
Cell Phone Protection: When you use your card to pay your monthly phone bill, you’ll receive valuable coverage against damage or theft of your device.
Trip Cancellation & Interruption Insurance: This protection reimburses you for non-refundable, prepaid travel expenses if you need to cancel before departure or cut your trip short due to covered situations like severe illness or weather events. Coverage activates when you pay for your trip with the card, but it’s important to note that reimbursement only applies for specific covered reasons rather than any cancellation.
Trip Delay Insurance: When your trip is significantly delayed due to covered reasons like equipment failures or severe weather, this protection reimburses you for reasonable expenses including lodging, meals, toiletries, and medication. The coverage activates when you pay for travel with your card and extends to family members on the same itinerary, though you’ll need to seek reimbursement from the travel carrier first.
Baggage Delay Insurance: Missing luggage doesn’t have to derail your trip – this coverage steps in to reimburse you for essential purchases when your checked bags are delayed by airlines, trains, or other carriers. You can grab the necessities you need, from a fresh outfit to personal care items, while waiting for your bags to arrive.
Roadside Dispatch: Get access to 24/7 emergency roadside assistance for situations like dead batteries, flat tires, fuel delivery, and mechanical breakdowns. While you’ll need to pay for the actual service provided, having access to reliable help when stranded can be invaluable.
Travel and Emergency Assistance Services: You’ll get 24/7 access to emergency support worldwide, including medical referrals, legal help, and lost luggage assistance. While the service itself is included, you’re responsible for any actual costs incurred.
Redeeming Rewards
Cash back points earned from the Chase Ink Premier Business card can not be converted into Ultimate Rewards Points.
Cardholders can only redeem the cashback they’ve earned towards:
Cashback – No minimum amount is required. Cashback redemptions can be credited to your credit card account or transferred to your Chase savings or checking account.
Travel – Cashback points can be redeemed for travel at 1 cent apiece through the Chase Ultimate Rewards travel portal.
Shopping – While we don’t recommend this redemption, you can redeem your cashback points at a value of 0.8 cents apiece on Amazon or Paypal.
- Gift Cards – Redeem your cashback points for gift cards.
Pros & Cons
Here’s a quick overview of this card’s advantages and disadvantages:
Pros:
High Earning Rate on Large Purchases: The 2.5% cash back on purchases over $5,000 is an exceptional rate for big-ticket items, making it valuable for businesses with large expenses.
Straightforward Redemption: You can easily redeem rewards as statement credits or direct deposits to your bank account with no minimum redemption requirements.
Strong Welcome Bonus: The card consistently offers substantial welcome bonuses that can quickly offset multiple years of annual fees.
Cons:
No Transfer Partners: Unlike other Chase business cards, rewards cannot be transferred to airline and hotel partners or combined with other Chase Ultimate Rewards cards.
High Annual Fee: The $195 annual fee is substantial compared to competing business cards, especially considering the limited premium benefits.
High Spending Threshold: The increased 2.5% earning rate only applies to purchases of $5,000 or more, which may be difficult for smaller businesses to reach regularly.
Alternatives to Ink Premier
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card (review) offers great rewards for small business owners. With bonus points on travel, shipping, advertising, and communication services, plus valuable travel protections, it’s a solid choice for companies looking to maximize their everyday spending. Welcome Bonus: bonus_miles_full Earning Rewards: 3x points on travel, shipping, advertising made with social media sites and search engines, and internet, cable and phone services on the first $150,000 spent in combined purchases in the following categories each account anniversary year; 1x points on all other eligible purchases. Card Benefits: Points are worth 25% more when you redeem for travel through Chase Travel, no foreign transaction fees, primary rental car insurance, trip cancellation insurance, cell phone protection, purchase protection, and extended warranty. Transfer Partners: Aer Lingus, Air Canada Aeroplan, British Airways, Emirates, Air France KLM Flying Blue, Hyatt, IHG, Iberia, JetBlue, Marriott, Singapore KrisFlyer, Southwest, United, and Virgin Atlantic.
Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card (review) offers a straightforward 1.5% cash back on all business purchases with no bonus categories to track and no annual fee. This card shines brightest when paired with premium Chase cards, allowing you to transform your rewards into valuable Ultimate Rewards points for transfers to travel partners. Welcome Bonus: bonus_miles_full Earn Rewards: Unlimited 1.5% cash back on all eligible purchases. Card Benefits: Primary rental car insurance, purchase protection, extended warranty, and 0% intro APR for 12 months from account opening on purchases, after that a reg_apr,reg_apr_type APR applies.
American Express® Business Gold Card
The American Express® Business Gold Card (review) offers tailored rewards, earning 4x points in your top two spending categories each billing cycle from a list of six options (capped at $150,000 in combined purchases each calendar year). With up to $395 in annual statement credits and valuable redemption options through Membership Rewards transfer partners, this card can be a powerful earning tool for many businesses. Welcome Bonus: Earn 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Earning Points: 4x points in your top two categories each billing cycle up to $150,000 in combined purchases at 4x points (then 1x points) in the following purchase categories: US gas stations, US restaurants, US advertising in select media, transit and rideshare, monthly US wireless telephone services charges made directly with wireless service provider, U.S. purchases made from electronic goods retailers and software & cloud system providers; 3x points on flights and prepaid hotels booked via AmexTravel.com; and 1x points on all other eligible purchases. Card Benefits: Up to $20 monthly credit upon enrollment when you use your card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores, Walmart+ credit, no present spending limit, trip delay insurance, baggage insurance plan, secondary rental car insurance, purchase protection, and extended warranty. Transfer Partners: Aer Lingus, AeroMexico, Air Canada Aeroplan, ANA, Avianca LifeMiles, British Airways, Cathay Pacific, Choice Privileges, Delta, Emirates, Etihad, Air France – KLM Flying Blue, Hawaiian Airlines, Hilton, Iberia, JetBlue, Marriott, Qantas, Qatar Airways, Singapore KrisFlyer, and Virgin Atlantic.
Is The Chase Ink Premier Business Card Worth It?
The Ink Business Premier shines for businesses that make substantial purchases, especially those over $5,000 per transaction. The 2.5% cash back on these large purchases is unmatched in the business card market, plus you’ll get 2% back on everything else.
While the $195 annual fee might seem steep at first, you’ll quickly offset this cost if your business regularly makes large purchases, though this card isn’t ideal if you’re interested in travel rewards since the cash back can’t be converted to Chase Ultimate Rewards points.
If you value flexibility with your rewards, you might be better off with cards like the Chase Ink Business Preferred that offer transferrable points to travel partners.
- bonus_miles_full
- 2.5% Cash Back on Purchases of $5,000 or More
- 2.0% Cash Back on All Other Business Purchases
- Purchase Protection and Extended Warranty
- Cell Phone Insurance and Rental Car Insurance
- $195 Annual Fee
For rates and fees of the American Express Blue Business Cash™ Card, please click here. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
