Ink Business Premier® Credit Card
- Best for: Businesses that pay in full and make purchases of $5,000 or more
- What Sets It Apart: More back on large single purchases, plus a Flex for Business balance you can carry on a pay-in-full card
- Welcome Offer: $1,000 cash back after you spend $10,000 on purchases in the first 3 months; past cardholders may not qualify
- Rewards: 2.5% on each purchase of $5,000 or more; 2% on the rest; 5% on travel booked through Chase Travel; no caps; cash back in any amount
- Features: Free employee cards; cell phone protection up to $1,000 a claim; primary rental car coverage on business rentals; purchase protection; extended warranty
- Annual Fee: $195
- APR: 17.99% to 28.74% variable on the Flex for Business balance; the rest is due in full monthly
- Cost: No foreign transaction fee; cash advance fee $15 or 5%, whichever is greater
- Eligibility: U.S. companies and sole proprietors, side businesses included; the applicant is personally liable
- Pros: Uncapped cash back; no foreign transaction fee; cell phone protection; primary rental car coverage
- Cons: $195 annual fee; no intro APR; Flex for Business limit can be cut anytime; orders billed in pieces under $5,000 earn 2%; Chase’s 5/24 rule applies
Get the Ink Business Premier® Credit Card if your business pays the balance in full each month and makes purchases of $5,000 or more, which earn 2.5% cash back. Once those purchases pass $19,500 a year, the extra 1% they earn over the no-fee Ink Business Unlimited’s flat 1.5% more than pays the $195 annual fee.
Chase issues the Ink Business Premier to sole proprietors as well as companies, so a side business can apply, and the owner who applies is personally liable for the balance. Purchases go first to Flex for Business, a part of the credit line you can repay over time with interest, and anything past its limit must be paid in full each month.
Key Features
- $195 annual fee
- $1,000 cash back after you spend $10,000 on purchases in the first 3 months from account opening; past cardholders may not qualify
- 2.5% cash back on each purchase of $5,000 or more, 2% on other purchases, and 5% on travel booked through Chase Travel, Chase’s booking site
- Flex for Business at a variable annual percentage rate (APR) of 17.99% to 28.74%, up to a limit Chase sets
- Employee cards at no extra cost, with spending limits you set
Pros
- No caps on any of its cash back rates
- No foreign transaction fee
- Cell phone protection up to $1,000 a claim when the card pays your phone bill
- Collision and theft coverage on business car rentals that pays before your own insurance
Cons
- $195 annual fee
- No intro APR on purchases
- Chase can cut or cancel the Flex for Business limit at any time
- A large order that bills in pieces under $5,000 earns 2%, not 2.5%
- Approval subject to Chase’s unpublished 5/24 rule on recent personal cards
Compared with the no-fee Ink Business Unlimited’s 1.5%, the extra cash back here covers the $195 fee at $19,500 a year in purchases of $5,000 or more.
Without big purchases or travel booked through Chase Travel, covering the fee takes $39,000 a year in spending, and a business that spends less earns more with the Ink Business Unlimited.
Learn more about the Ink Business Premier® Credit Card or see how it compares to the best small-business credit cards.
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