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.
Ink Business Premier® Credit Card
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Key Features
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- Earn signup_reward bonus cash back after you spend signup_bonus_spend_amount 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.
- 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.
Ink Business Premier(SM) Credit Card rewards
Business owners who spend large sums on select purchases can benefit from the rewards that the Ink Business Premier(SM) Credit Card 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 September 2027, as well as unlimited 5% cash back on travel purchased through Chase Travel.
Ink Business Premier(SM) Credit Card benefits
Additional Ink Business Premier(SM) Credit Card card benefits include:
- A large welcome bonus for new cardholders. You’ll earn signup_reward bonus cash back after you spend signup_bonus_spend_amount on purchases in the first three months from account opening.
- 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 Ink Business Premier(SM) Credit Card 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 Ink Business Premier(SM) Credit Card
There aren’t many downsides to the Ink Business Premier(SM) Credit Card 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 Ink Business Premier(SM) Credit Card compare to other business cards?
Ink Business Premier(SM) Credit Card vs. Ink Business Preferred(R) Credit Card
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If Ink Business Premier(SM) Credit Card sounds like a card you can do business with, you may also like the Ink Business Preferred(R) Credit Card, also a Chase credit card. It, too, is a card for the business owner who is a big spender.
A few selling points:
- Ink Business Preferred(R) Credit Card offers a welcome bonus of signup_reward bonus points after you spend signup_bonus_spend_amount on purchases in the first three months from account opening; that’s $900 cash back, or $1,125 toward travel when redeemed 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 Ink Business Premier(SM) Credit Card‘s annual fee.
Ink Business Premier(SM) Credit Card vs. Ink Business Unlimited(SM) Credit Card
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If the Ink Business Premier(SM) Credit Card card feels a bit too rich for you blood, you may want to consider the Ink Business Unlimited(SM) Credit Card, also a Chase offering, instead.
Some of the selling points include:
- If you spend signup_bonus_spend_amount on purchases in the first three months, you’ll earn signup_reward bonus cash back. So a generous wad of cash, but you’ll spend less than what’s required with the Ink Business Premier(SM) Credit Card 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 Ink Business Premier(SM) Credit Card card, but it’s still pretty good. Especially considering the fact that there is no annual fee.
Who is a good fit for the Ink Business Premier(SM) Credit Card?
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 Ink Business Premier(SM) Credit Card 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
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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.
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