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Chase Ink Business Premier® Credit Card
Say hello to the Chase Ink Business Premier® Credit Card. If you’re looking for a business card that earns a ton of cashback, this is great card to consider. It’s important to note that this is a cashback only card, and the Ultimate Rewards you earn don’t combine with other cards nor can they be transferred to partners. Let’s take a look!
You could use the cashback to stay at swanky hotels like the Peninsula Paris!
Chase Ink Business Premier® Credit Card
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- 2% cash back on all business purchases
- 2.5% total cash back on purchases of $5,000 or more with no cap
- 5% total cash back on travel purchased through Chase Travel℠
- No Foreign Transaction Fees
- Trip Cancellation/Trip Interruption Insurance.
- Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There’s no additional cost for employee cards.
- Annual fee is $195
Chase Ink Business Premier® Credit Card
If cashback is your cup of tea, you’ll earn unlimited 2% cashback and 2.5% cashback on purchases of $5k or more with the Chase Ink Business Premier® Credit Card
Note: These points are not capable of being merged with other Ultimate Rewards like some other Chase cashback cards.
Welcome Offer
$1000 after $10k spend in 3 months
Annual Fee
$195
Points Earned
Non-transferrable Ultimate Rewards
- 2% cash back on all business purchases
- 2.5% total cash back on purchases of $5,000 or more with no cap
- 5% total cash back on travel purchased through Chase Travel℠
- No Foreign Transaction Fees
- Trip Cancellation/Trip Interruption Insurance.
- Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There’s no additional cost for employee cards.
- Annual fee is $195
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
This would be a main cast card if you’re looking to earn cashback vs transferrable points.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
Who is this card right for?
- You want cashback
- You make a lot of big purchases and spend over $50k a year
Those who make a lot purchases over $5000 and appreciate cashback are the prime customer for this card.
Every single purchase earns 2% cashback which is on par with cards like the Capital One Spark Cash ( which has a $150 annual fee ), and the Amex Blue Business Plus ( no annual fee ) which caps that earning at $50k in a year.
But, the place where the Ink Business Premier separates itself is on the 2.5% back on any purchase over $5000.
If you’re making a lot of $5000+ purchases, enjoy cashback, and spend more than $50k a year. This is a big earner.
Chase Ink Business Premier® Credit Card offer: $1000 bonus cashback after $10k spend in 3 months
After spending $10k in 3 months, you’ll earn a $1000 in Ultimate Rewards. Don’t be confused though. These Ultimate Rewards cannot be combined with other Chase cards or transferred into partners.
Who is this card right for?
- You want cashback
- You make a lot of big purchases and spend over $50k a year
Those who make a lot of purchases over $5000 and appreciate cashback are the prime customer for this card.
Every single purchase you make earns 2% cashback which is on par with cards like the Capital One Spark Cash ( which has a $150 annual fee ), and the Amex Blue Business Plus ( no annual fee ) which caps that earning at $50k in a year. But, the place where the Chase Ink Business Premier® Credit Card separates itself is on the 2.5% back on any purchase over $5000.
If you’re making a lot of $5000+ purchases, enjoy cashback, and spend more than $50k a year. This is a big earner.
Is the Chase Ink Business Premier® Credit Card limited by 5/24
Yes, if your credit report reflects 5 new accounts being opened in the last 24 months you will not be eligible for the card.
Is this the best offer we’ve seen on the Chase Ink Business Premier® Credit Card?
This card was just released and yes, as far as I know, the $1000 back after $10k spend in 3 months is the best offer available.
Hitting $10k in 3 months is difficult for my business
I would check out this post where I discuss using Plastiq as a way to put expenses your business would ordinarily pay cash for like rent, auto leases, utilities, contractors, business services, etc on your credit card. When you start to factor in total expenses, many businesses easily spend $10k in 3 months.
The welcome offer on this card is effectively yielding 12% back on the $10k minimum spend which could help offset any transaction fees you may incur with Plastiq.
Chase Ink Business Premier® Credit Card
If cashback is your cup of tea, you’ll earn unlimited 2% cashback and 2.5% cashback on purchases of $5k or more with the Chase Ink Business Premier® Credit Card
Note: These points are not capable of being merged with other Ultimate Rewards like some other Chase cashback cards.
Welcome Offer
$1000 after $10k spend in 3 months
Annual Fee
$195
Points Earned
Non-transferrable Ultimate Rewards
- 2% cash back on all business purchases
- 2.5% total cash back on purchases of $5,000 or more with no cap
- 5% total cash back on travel purchased through Chase Travel℠
- No Foreign Transaction Fees
- Trip Cancellation/Trip Interruption Insurance.
- Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There’s no additional cost for employee cards.
- Annual fee is $195
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
This would be a main cast card if you’re looking to earn cashback vs transferrable points.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
Who is this card right for?
- You want cashback
- You make a lot of big purchases and spend over $50k a year
Those who make a lot purchases over $5000 and appreciate cashback are the prime customer for this card.
Every single purchase earns 2% cashback which is on par with cards like the Capital One Spark Cash ( which has a $150 annual fee ), and the Amex Blue Business Plus ( no annual fee ) which caps that earning at $50k in a year.
But, the place where the Ink Business Premier separates itself is on the 2.5% back on any purchase over $5000.
If you’re making a lot of $5000+ purchases, enjoy cashback, and spend more than $50k a year. This is a big earner.
But I don’t have a small business… You may, and not know it. Keep reading.
Chase is very friendly to entrepreneurs and small business owners. In fact, if you haven’t been in business for long, or you haven’t established yourself with an EIN, you can still apply as a Sole Proprietor ( fill in your SSN ). If you run a small side business (think bloggers, ebay sellers, tutors, consultants, etc) and want a card to segregate your business income from your personal income at tax time…this is a great opportunity to earn a load of points and help yourself out.
If you’re earning income on a 1099, you’re good to go. Some examples of those are…
- Online Coaches, tutors, etc
- Uber and Lyft drivers (assuming they still get 1099s whenever you’re reading this).
- DoorDash, GrubHub and Postmates
- Social Media income ( TikTok, Instagram, YouTube )
- Cater Waiters
- Personal Trainers
- Dog Walkers
- Freelance graphic designers and web designers
- Singers, artists, dancers, models, etc
- Virtual Assistants
- Ebay, Amazon and Facebook resellers
How does the Chase Ink Business Premier® Credit Card compare to other Chase business cards?
The biggest difference is that this card’s points can’t be transferred or combined with other cards.
I love my Chase Ink Business Preferred® and have long kept it because of the 3x bonus categories, but I also keep a Chase Ink Business Unlimited® for the 1.5x on all spend, and a Chase Ink Business Cash® for the 5x rotating categories and no annual fee.
The Chase Ink Business Preferred® also has an amazing welcome offer and great bennies – it’s the main business card I recommend for small business owners.
- 3x points, up to $150k a year, on travel, shipping, Internet, cable, phone, and advertising with specific social media
- Cell Phone Insurance
- $95 Annual Fee
- Learn more
Will I get this card?
I like points that transfer, and I don’t typically make a ton of $5k+ transactions in a year. While I think this is a very good business cashback card, I’m more interested in using my points to experience aspirational travel rather than cashback on purchases. The $1000 is attractive; however, I don’t have any plans to add this card to my wallet anytime soon.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.