Credit Card Reviews

Ink Business Premier® Credit Card Overview

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The Ink Business Premier® credit card from Chase offers a wide range of benefits and rewards that make it an appealing option for business owners and entrepreneurs. In this article, we will provide you with all the necessary information about this credit card so that you can make an informed decision if you choose to apply for it.

Benefits

There are several reasons why the Ink Business Premier credit card is a card that should be considered by Business owners. The current welcome offer is $1,000 cash back after spending $10,000 on purchases in the first three months from your card activation date. Additional features include:

  • Current promotion of $1,000 bonus cash back (100,000 bonus points) after you spend $10,000 on purchases in the first 3 months after account opening.
  • 5% cash back per $1 on travel purchased through Chase TravelSM
  • 2.5% cash back on all purchases $5,000 or more. This equals to $250 cash back on purchases of $10,000.
  • 2% cash back on all other business purchases.
  • Additional employee cards available at no extra cost.
  • 5% cash back on Lyft rides. This benefit ends March, 2025.
  • $195 annual fee.
  • No foreign transaction fee
  • Refer another business owner and receive 40,000 points for each business that is approved. This is capped at 200,000 points per year.

Travel & Purchase Protection

As a business owner, protecting your investments is vital to your business. Whether it’s travel for work or purchases of equipment for your company, unexpected mishaps can be mitigated by the Ink Business Premier card through travel and purchase protection features.

Auto rental & collision damage insurance: This primary coverage provides reimbursement up to the actual cash value of the vehicle in case of theft or collision damage. Coverage is valid in the US and abroad. Travel & Emergency Assistance hotline: A direct ‘benefit administrator’ hotline for legal and/or medical referrals. Note, you are responsible for the costs associate with the referral.
Purchase protection: Any purchases are covered for 120 days against damage or theft. You can receive up to $10,000 per claim and $50,000 per account.Extended Warranty Protection: Extends U.S. manufacturer’s warranty on products by an additional year on eligible warranties of 3 years or less.
Roadside Dispatch Services: If you find yourself stranded by a flat tire, gas or total car breakdown call 1-800-847-2896 24/7 and you will receive assistance. Cell Phone Protection: Receive up to $1,000 per claim in the event of cell phone theft or damage for yourself and all employees listed on your monthly cell phone bill paid directly with your Ink Business Preferred card. 3 claims max limit in a 12 mo period with a $100 deductible per year.
INK Business Premier Travel & Purchase Protection

Redeeming Points For Travel

Unfortunately, Points earned on purchases are unable to be moved to other Chase credit cards. Additionally, Ink Business premier cardholders cannot transfer points to any Chase travel partners. If you are looking for more flexibility in travel redeeming options, personal cards from Chase like the Chase Sapphire Preferred or Reserve credit cards may suit your needs.

Final Thoughts

The 2.5% cash back on each purchase of $5,000 or more as well as the extended warranty protection is an attractive feature of this card — as is the 5% earned on travel booked through Chase. The auto rental & collision damage insurance is also a nice perk and should not be overlooked, since it covers the entire cash value of the vehicle. It’s clear that the Ink Business Premier credit card may not be the best option for everyone. A glaring disadvantage of this business card is the lack of flexibility it offers for transferring points to travel partners. However, the Ink Business Premier credit card stands out as an appealing option for business owners due to the 2% cash back option, providing them with additional cash they can use to grow their business.

Editorial Note: Information and opinions articulated in this article are solely those of the author’s, not those of a credit card company, bank, airline or hotel chain. This article has not been reviewed or approved by or otherwise endorsed by any of these companies or organizations.

Miles Junkie covers airline miles, hotel points and credit card earning program information and travel in general with an eye towards ethical & eco-conscious exploration.

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