Chase Ink Business Premier Now Available Online, $1K Bonus and $195 Fee

by Donna Ryder

Chase Ink Business Premier review

New Chase Ink Business Premier Credit Card

Update: The card is now available for applications online.

Today, Chase officially announced the Chase Ink Business Premier (SM) credit card, the newest business card to be added to the Chase Ink suite of products. The new card has been rumored for a while now and most details were already revealed.

It is designed to better meet the spending needs of larger businesses. The Chase Ink Business Premier will be the first Pay in Full business credit card by Chase in a while. It offers built-in flexibility for greater spend potential. This will allow business owners to either pay their balance in full, or use the new Flex for Business feature, which will enable them to have payment flexibility.

Applications will first be exclusively available to Chase for Business customers that have an existing Business Relationship Manager starting December 14, 2021, with plans for a broader launch in early 2022. So now let’s get into this Chase Ink Business Premier review and see if this is the right card for you.

Update: The waitlist link now shows a countdown. Looks like the card will launch publicly on February 9, 2022.

Welcome Bonus

  • New Chase Ink Business Premier cardmembers will be eligible to earn $1,000 cash back on $10,000 in business purchases in the first three months of account opening.
  • Annual Fee: $195
  • LEARN MORE

Starting December 14, those interested in receiving additional information about how to apply for the Chase Ink Business Premier credit card and joining the waitlist can visit: Chase.com/InkBusinessPremier. If you are currently working with a Chase Business Relationship Manager, contact them today to learn more about how you can apply for Ink Business Premier.

Card Details

Chase Ink Business Premier will offer:

  • 2% cash back on every purchase – turning all business expenses into rewards
  • 2.5% total cash back on every purchase of $5,000 or more – large purchases earn larger rewards
  • Unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards® – making business travel more rewarding
  • Flex for Business, giving business owners the flexibility to pay for eligible purchases over time with interest – up to their Flex for Business limit, if or when the business needs it
  • Employee cards at no additional cost, similar to the rest of the Ink suite of products
  • Cell phone protection – up to $1,000 per claim, with a maximum of 3X per year
  • Trip Cancellation/Interruption Insurance and Trip Delay Reimbursement
  • Baggage Delay Insurance
  • Auto Rental Collision Damage Waiver
  • No foreign transaction fees.

Unique to the Chase Ink business credit card portfolio, this card is embedded metal.

Reward Structure

The new Chase Ink Business Premier earns cash back or Ultimate Rewards points that have very limited use. You can’t combine them with the points earned from other Ultimate Rewards cards such as Chase Sapphire Reserve or Chase Ink Preferred. So you have no option of transferring the cash back earned with your Chase Ink Business Premier to travel partners.

The Ultimate Rewards points you earn with your Chase Ink Business Premier are only redeemable for cash back, or travel and gift cards through the Chase Ultimate Rewards portal. That means that this card is basically a cash back card.

Eligibility

Chase cardmembers who currently have or have had a Chase credit card in any Rewards Program associated with this offer, may not be eligible for a second Chase credit card in the same Rewards Program. Chase cardmembers currently receiving promotional pricing, or Chase cardmembers with a history of only using their current or prior Chase card for promotional pricing offers, are not eligible for a second Chase credit card with promotional pricing. 

If approved for an account, your credit access line will be at least $10000. We may request additional information for a credit access line above $25,000.

Chase Ink Business Premier Review: Guru’s Wrap-up

Nowadays we have several 2% credit cards and even a few options with no annual fee. The Chase Ink Business Premier card comes with a $195 annual fee instead, but it also gives you 2.5% total cash back on every purchase of $5,000 or more and 5% total cash back on travel purchased through Chase Ultimate Rewards. And there’s no limit on the cash back you can earn, unlike the Chase Ink Cash or Chase Ink Preferred.

The signup bonus on the Chase Ink Business Premier card is also a good one at $1,000 after $10,000 spend in three months. So that will be a good reason to at least get the card for the first year. However, after that, the card probably makes sense only for bigger businesses that spend more than other Ink cards’ limits. It gets even more rewarding if your business often makes large transactions of $5,000 or more.

However, it is not a card for travel enthusiasts. You can not transfer points to travel partners and there are really no travel benefits. You only get the standard protections that we see on most cards. Overall I think we all expected better when we heard that Chase was coming out with a new business card.

Disclaimer: I receive part of the commission when you use any of the links in this article to apply for credit cards through yourbestcreditcards.com.

RebatesMe $40 bonus