Ink Business Premier® Credit Card review

This is the only business credit card with 2.5% cash back earned on purchases of $5,000 or more, making it a solid option for business owners who are facing large purchases on the horizon.

Written by
Jennifer Doss
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Small Business Card

Ink Business Premier® Credit Card

  • Rewards
  • Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
  • Welcome Bonus
  • Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
  • Annual Fee
  • $195
card_name
5.0
Credit Score: Good, Excellent
on Chase's secure website
Terms and Limitations Apply

Key Features

Editor Analysis:

Pros
  • Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first three 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.
  • 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.
Cons
  • Though there is a Flex for Business option with this card, it's technically a charge card, so it's not the best option for someone who needs to carry a revolving balance.

card_name rewards

Business owners who spend large sums on select purchases can benefit from the rewards that the card_name provides. This card rewards heavy spenders with 2.5% cash back on large purchases. What’s considered large? Purchases that cost $5,000 or more.

So put another way, if you buy some business equipment costing $4,999, you’ll get the usual 2% cash back. But if you spend a little more and purchase something for $5,000 or more, you’ll earn 2.5% cash back on that purchase.

Breaking it down a bit, if you make a purchase for $4,999, that’s $99.98 in cash you’d earn (2%).

If you buy something that costs $5,000, you’ll get $125 in rewards (2.5%), and if you make a $10,000 purchase, you’ll get $250 cash back (again, 2.5%).

Also worth noting: this card offers 5% cash back on Lyft rides through March 2025, as well as unlimited 5% cash back on travel purchased through Chase Travel.

card_name benefits

Additional card_name card benefits include:

  • A large welcome bonus for new cardholders. You’ll earn $1,000 cash back if you spend $10,000 on purchases within your first three months of opening an account.
  • Generous rewards. You’ll get 2% cash back on all purchases; if you make a purchase that’s $5,000 or more, you’ll earn 2.5% cash back.
  • Flex for Business. This credit card is really more of a charge card, designed to be paid off in full every month. (Which makes sense. It’s not a great business move to carry debt month after month.) That said, for some businesses, the card_name will assign a portion of your credit to allow qualifying purchases to be paid over time, with interest. You won’t know, however, what purchases are qualifying purchases until you are approved for the card.
  • Consumer protections. There are quite a few, such as zero liability protection, purchase protection and extended warranty protection. There is also robust cell phone protection ($1,000 per claim), protecting you from covered theft and damage for you and your employees, provided your phone bills are paid with your card.
  • No foreign transaction fee. No need to worry about extra credit card fees for your next international business trip.

Potential downsides of the card_name

There aren’t many downsides to the card_name but every credit card has something that somebody won’t like. Here are som edrawbacks to consider:

  • There’s an annual fee. It’s annual_fees. If you spend a lot, you can easily earn that back and then some, but with any annual fee, you’ll have to ask yourself if it’s worth paying.
  • It’s a charge card. That is, it’s designed to be paid off in full every month. Yes, some purchases may qualify for the “Flex for Business” feature, but for a business that struggles to maintain cash flow and may need to often carry a balance, that may be a strike against this card.
  • You need good to excellent credit to qualify for this card. That’s not a negative at all, of course, if you have good to excellent credit. But if you’re still working to build your credit you’ll need to consider another option.

How does the card_name compare to other business cards?

card_name vs. card_name

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If card_name sounds like a card you can do business with, you may also like the card_name, also a Chase credit card. It, too, is a card for the business owner who is a big spender.

A few selling points:

  • card_name offers a welcome bonus of 100,000 points (after spending $8,000 on purchases within the first three months of opening the account). Those points can be redeemed for $1,000 cash back – or $1,250  towards travel if you redeem them through Chase Travel℠.
  • You’ll earn 3X points per dollar spent on the first $150,000 spent in combined purchases in the following categories: shipping; internet, cable, and phone services; advertising purchases; and travel; and 1X point per dollar on everything else. There are no limits on what you can earn.
  • The annual fee is annual_fees which is less than the card_name‘s annual fee.

card_name vs. card_name

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If the card_name card feels a bit too rich for you blood, you may want to consider the card_name, also a Chase offering, instead.

Some of the selling points include:

  • If you spend $6,000 on purchases in the first three months, you’ll earn $900 bonus cash back. So a generous wad of cash, but you’ll spend less than what’s required with the card_name to earn it.
  • You’ll earn unlimited 1.5% cash back on every purchase with no limits to what you can earn. It’s not 2% or 2.5% like the card_name card, but it’s still pretty good. Especially considering the fact that there is no annual fee.

Who is a good fit for the card_name?

If you’re a business owner who makes a lot of big business purchases, and the idea of getting 2.5% cash back on those – and 2% cash back on anything else (purchases under $5,000), the card_name is a business credit card that is definitely worth considering. But only if you are confident that you can easily pay back what you buy every month, in full.

Frequently asked questions

To qualify for the card_name, you need to have a good to excellent credit score. This typically means a FICO score of 700 or higher. However, approval is not solely based on your credit score; other factors such as your business's financial health, income, existing debt, and credit history with Chase and other lenders could play a role.
The credit limit for the card_name is not fixed and can vary widely based on several factors, including your business's revenue, your personal and business credit history, existing debt, and other financial indicators. Generally, business credit cards tend to offer higher credit limits compared to personal credit cards to accommodate larger business expenses.

Our Methodology

Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to “How likely are you to recommend this card to a friend, coworker or family member?” was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.


This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.


See Rates and Fees for the card_name

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