Ink Business Premier® Credit Card
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The card_name is a business card that pays up to 5% cash back and a minimum of 2% cash back on purchases. This is a pay-in-full card, meaning you will need to pay your balance in full every month, although select purchases can be paid off over time.
While you can earn 5% cash back on travel booked through Chase Travel(SM), you have to redeem the points as statement credits or for purchases in the Chase portal. You can’t transfer the points to your other Chase cards or to travel partners. We dive into the details and your approval odds in this Ink Business Premier review.
Our Rating
4.9/5.0
Welcome Offer
Earn $1,000 bonus cash back
Annual Fee
$195
0% on Purchases
N/A
Reward Rate
2%-5%
0% on Balance Transfers
N/A
Editorial Review
The Ink Business Premier® Credit Card emerges as a powerful tool for the savvy business owner looking to streamline expenses and leverage purchasing power. Tailored for those with higher spending needs, this card offers a substantial credit limit and a rewards program to reward large-scale spending.
Key features include unlimited cash back on all purchases, a robust welcome offer, and flexible payment options that cater to fluctuating business cash flows. With its emphasis on simplicity and value, the Ink Business Premier® Credit Card is ideally suited for businesses aiming to optimize their financial operations while accruing meaningful rewards.
Our Five Favorite Features of the Ink Business Premier® Credit Card
- High Reward Rates: The card offers unlimited 2.5% cash back on every purchase of $5,000 or more and 2% cash back on all other purchases, with no caps. This makes it highly beneficial for businesses that regularly make large transactions.
- No Foreign Transaction Fees: With no foreign transaction fees, it is an excellent choice for businesses traveling or purchasing from international suppliers. This feature helps save on costs that quickly accumulate when using other international cards.
- Flexible Spending Capability: The Ink Business Premier® Credit Card includes a flexible spending limit that adapts to your business’s financial needs and patterns. This flexibility is particularly useful for businesses experiencing seasonal fluctuations or those needing to make large purchases unexpectedly.
- Robust Welcome Offer: New cardholders can earn a significant welcome offer if they meet the spending requirement in the first three months of opening the account. Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening. This initial boost can substantially benefit businesses looking to maximize their cash-back earnings quickly.
- Expense Management Tools: The card includes advanced expense management tools that help track and categorize business expenses. These tools are invaluable for maintaining financial organization and preparing for tax season, making it easier for business owners to monitor and control spending.
Frequently Asked Questions (FAQ)
What are the primary benefits of the Ink Business Premier® Credit Card?
The Ink Business Premier® Credit Card offers several notable benefits, including unlimited 2.5% cash back on purchases of $5,000 and 2% on all other purchases. There are no foreign transaction fees, making it an excellent choice for businesses with international dealings.
Additionally, the card provides a substantial welcome offer if a certain spend threshold is met within the first three months of account opening. Enhanced expense management tools and free employee cards are key features that add value for business owners.
How does the flexible spending limit work on the Ink Business Premier® Credit Card?
The Ink Business Premier® Credit Card features a flexible spending limit, which means that while there is a base credit limit, cardholders can spend beyond this limit without incurring over-limit fees. This flexibility is based on the cardholder’s spending and payment history, financial resources, and creditworthiness. It is designed to accommodate businesses’ varying cash flow needs without compromising their spending capability.
Can rewards earned with the Ink Business Premier® Credit Card be used for travel?
Yes, rewards earned on the Ink Business Premier® Credit Card are extremely flexible and can be redeemed for various options, including travel. Cardholders can book travel through Chase’s travel portal, where they can find competitive rates for flights, hotels, car rentals, and more. Rewards can also be transferred to several leading airline and hotel loyalty programs, often at a 1:1 ratio, maximizing their potential value for frequent travelers.
Welcome Offer
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Cell Phone Protection, Extended Warranty Coverage, Purchase Protection, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection, Trip Delay Reimbursement, Roadside Assistance, Travel Accident Insurance, Trip Cancellation Insurance |
Rewards
Interest Rates & Fees
| Annual Fee | $195 |
| Foreign Transaction Fee | $0 |
| Regular APR | Flex for Business variable APR: 19.49% - 27.49% (V) APR |
What Credit Score Is Required to Get the Ink Business Premier® Credit Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 690
Average Approved Credit Score: 745
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 06/27/2023 | Experian | ||
| Approved | 01/03/2023 | Not Provided | ||
| Approved | 01/03/2023 | Not Provided | ||
| Approved | 01/03/2023 | Not Provided |
Pros & Cons
- Welcome offer
- No foreign transaction fee
- Up to 5% cash back
- Earns Chase Ultimate Rewards points
- Annual fee
- Requires good credit
- Can't transfer points to other Chase cards or travel partners
What Are the Best Alternatives?
Capital One Spark Cash Plus
Rating
4.8
Rewards Range
2% to 5%
Annual Fee
$150
Ink Business Cash® Credit Card
Rating
4.8
Rewards Range
1%-5%
Annual Fee
$0
The American Express Blue Business Cash™ Card
Rating
4.6
Rewards Range
1% - 2%
Annual Fee
No annual fee