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Chase Ink Business Premier Credit Card Review
What Is the Chase Ink Business Premier Card?
The Chase Ink Business Premier is Chase's premium business credit card, designed for established businesses with substantial spending needs. Launched in late 2021, this card stands out with its unique 2.5% cash back rate on purchases of $5,000 or more and 2% unlimited cash back on all other business purchases. Currently, new cardmembers can earn $1,000 bonus cash back after spending $10,000 in the first 3 months.
Chase Ink Business Premier Pros & Cons
Pros:
- Earn 2.5% cash back on purchases of $5,000 or more
- 2% unlimited cash back on all other business purchases
- $1,000 welcome bonus opportunity
- No preset spending limit for flexibility with large purchases
- Comprehensive travel protections including trip cancellation/interruption insurance
- Cell phone protection up to $1,000 per claim
- Primary car rental coverage for business rentals
Cons:
- $195 annual fee
- Must pay balance in full each month
- No 0% APR period
- Cannot transfer rewards to Chase Ultimate Rewards points
- Subject to Chase's standard application rules including 5/24 rule
Who Is the Chase Ink Business Premier Card For?
The Chase Ink Business Premier card is ideally suited for established businesses with high monthly expenditures and those making frequent big-ticket purchases. This card particularly benefits:
- Business owners spending $5,000+ on single purchases regularly
- Companies with high business credit scores looking for no preset spending limits
- Businesses preferring straightforward cash back over complex point systems
- Organizations requiring employee cards with spending controls
- Companies valuing premium travel benefits and purchase protections
Comparing the Chase Ink Business Premier With Other Cards
When considering the Chase Ink Business Premier, it's helpful to compare it with other popular options in the business credit card category:
Capital One Venture X Business (rates & fees):
- Annual fee: $395
- Sign-up bonus: Substantial miles bonus after meeting spending requirements
- Key rewards: 10X miles on hotels and rental cars, and 5X on flights and vacation rentals booked through Capital One Travel
- Standout feature: 10,000 bonus miles each account anniversary
Ink Business Preferred® Credit Card:
- Annual fee: $95
- Sign-up bonus: Large points bonus after meeting spending requirements
- Key rewards: 3X points on travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines on the first $150,000 spent
- Standout feature: Cell phone protection when you pay your monthly cell phone bill with your card
The Business Platinum Card® from American Express (rates & fees):
- Annual fee: $695
- Welcome offer: Substantial points bonus after meeting spending requirements
- Key rewards: 5X points on flights and prepaid hotels booked through Amex Travel, 1.5X points on eligible purchases of $5,000 or more
- Standout feature: Access to over 1,400 airport lounges worldwide
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. 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.
Each card offers unique benefits tailored to different spending habits and preferences. Consider your personal financial goals when choosing the best card for you.
Key Takeaways:
- Chase Ink Business Premier excels in offering businesses with substantial spending needs
- Capital One Venture X Business offers high travel rewards
- Ink Business Preferred® provides strong points on business-related categories
- The Business Platinum Card® from American Express features premium travel perks
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Consider Using Kudos
To maximize your rewards with the Chase Ink Business Premier card, consider downloading Kudos, a free AI-powered browser extension. Kudos can help you:
- Automatically identify the best card to use for each purchase
- Track and optimize your rewards across multiple cards
- Access exclusive Flash Boost events for up to 5X rewards
- Make informed decisions about when to use your Chase Ink Business Premier for maximum returns
Currently, Kudos is offering $20 back after your first eligible purchase — simply sign up for free with code "GET20" and make a purchase at a Boost merchant.
Our Expert Takeaway
The Chase Ink Business Premier card delivers exceptional value for businesses with substantial spending needs. While the $195 annual fee and pay-in-full requirement may seem demanding, the combination of high cash back rates, flexible spending limits, and comprehensive protections makes it a compelling choice for established businesses. The card's straightforward rewards structure and premium benefits package justify its position as a top-tier business credit card.
Chase Ink Business Premier FAQ
What are the credit score requirements?
While Chase doesn't publicly disclose minimum requirements, businesses typically need excellent credit (740+) for approval.
Does the Chase 5/24 rule apply to this card?
Yes, Chase's 5/24 rule applies, meaning you won't be approved if you've opened 5 or more personal credit cards across all banks in the past 24 months.
Can I request additional employee cards?
Yes, employee cards are available at no additional cost and come with customizable spending controls.
What purchase protections are included?
The card offers extended warranty protection, purchase protection against damage or theft, and cell phone protection up to $1,000 per claim.
How does the no preset spending limit work?
Instead of a fixed credit limit, your purchasing power adjusts based on factors including payment history, credit record, and business resources.
Can I transfer cash back to Ultimate Rewards points?
No, unlike other Chase business cards, cash back earned with the Ink Business Premier cannot be converted to Ultimate Rewards points.
Is there a resubmission process if denied?
Yes, Chase offers a reconsideration line where you can appeal a denial by providing additional business information.
How long do I need to wait between Chase business card applications?
Chase typically requires waiting one business card per 30 days and follows a 2 per month rule for all credit card applications.
Supercharge Your Credit Cards
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
