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
Intro APR
Regular APR
Flex for Business Variable APR: 19.49% – 27.49%
Balance transfer fee
Foreign transaction fee
Credit needed
Member FDIC. Terms apply.
Pros
- Free employee cards
- Generous welcome bonus
- No foreign transaction fee
- Access to increased spending power
Cons
- $195 annual fee
- No introductory 0% financing offers for purchases or balance transfers
- Points can only be redeemed for cash
- Points can’t be transferred to Chase’s travel partners
Chase Ink Business Premier Review
Welcome bonus
Benefits and perks
How to earn and use Ink Business Premier rewards
Rates and fees
The Ink Business Premier℠ Credit Card has a $195 annual fee. Late payments are charged the greater of $40 or 2% of the minimum payment that is due. There is no foreign transaction fee.
Because the Ink Business Premier is a charge card, you’re supposed to pay off the balance each month. However, with Chase’s Flex for Business feature, you can pay your balance over time (provided you keep that balance under a limit that Chase will assign you). The Flex for Business APR is a variable 19.49% to 27.49%.
Alternatives to the Ink Business Premier Credit Card
Here’s how the Ink Business Premier card stacks up against some of the competition.
Ink Business Premier Credit Card vs. Capital One Spark Cash Plus Credit Card
Capital One Spark Cash Plus Credit Card
Information about the Capital One Spark Cash Plus Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
Rewards
Unlimited 2% cash back on every purchase
Welcome bonus
Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months.
Annual fee
Promo APR
Regular APR
No APR; pay off your balance in full every month to avoid a 2.99% late fee
Balance transfer fee
Foreign transaction fee
Credit needed
If your business spends $10,000 or more a month on credit cards, then it may be worth closely comparing Capital One Spark Cash Plus Credit Card* and the Ink Business Premier. Both of these cash-back cards are charge cards that earn at least 2% back on all purchases and reward big-spending. However, the Spark Cash Plus* has a higher intro bonus (with a much higher spending requirement) and a slightly lower annual fee.
One big difference is that, unlike the Spark Cash card, the Ink Premier gives you 2.5% back on purchases greater than $5,000. If you’re regularly charging large transactions to your card, then the Ink Premier makes a lot of sense.
Otherwise, consider the Capital One Spark Cash because of its lower annual fee. Plus, you’ll get that annual fee refunded each year that you spend at least $150,000 on the card.
Ink Business Premier Credit Card vs. Ink Business Preferred® Credit Card
Ink Business Preferred® Credit Card
Rewards
Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases
Welcome bonus
Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
Annual fee
Intro APR
Regular APR
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
Credit needed
The Ink Business Preferred® Credit Card comes with (almost) everything you get with the Ink Business Premier in addition to features the Business Premier card lacks. And it does this while charging a smaller annual fee.
One example of how this card gives the Business Premier a run for its money is with the welcome bonus: The Ink Business Preferred has a similar welcome bonus that’s easier to earn and potentially much more valuable than what you get with the Ink Business Premier. The Ink Business Preferred card also earns Chase Ultimate Rewards points, which can be redeemed for one cent a piece as cash back, so its intro bonus is worth at least $1,000.
But it’s easy to get even more value. With this Chase credit card, when you use Chase points to book travel through the Chase Ultimate Rewards site, each point is worth 1.25 cents. That makes the Ink Preferred’s welcome bonus worth at least $1,250 when applied toward travel. Not only that, but you can also transfer the Chase points you earn to all of Chase’s travel partners and potentially multiply the value you receive by booking luxury hotels and expensive airfare.
The Ink Business Preferred also earns 3X points on the first $150,000 in combined purchases in categories that are meaningful for many small business owners, including shipping, advertising purchases with social media sites and search engines, travel and internet cable and phone services.
Is the Ink Business Premier Credit Card right for you?
In a vacuum, the Ink Business Premier Credit Card is an all-around solid business cash-back card. It earns at least 2% back on all purchases and 2.5% back on large transactions. Outside of special bonus categories or cards that make you jump through hoops to increase your earnings, you can’t beat those numbers. The problem is, for many small businesses this card isn’t likely to be the best option. If you’re eligible for this card, you’ll probably also qualify for business credit cards that charge a lower annual fee and earn better rewards.
Bottom line
The Ink Business Premier℠ Credit Card is a business credit card that earns cash-back rewards. It has a standout welcome bonus and offers a solid rate of return on all purchases. But, before you pull the trigger on applying for this card, be sure to explore all of your options. Other cards can provide the same value or more, with a smaller annual fee.
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* Information about the Capital One Spark Cash Plus Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
