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Chase features a variety of business card options, but InkBusinessPremier® credit cards should particularly attract the interest of business owners who love to earn cashback. The benefits of Ink Business Premier include an incredible welcome bonus and a solid return rate, but the card has an annual fee of $195.
Unlike Chase Ink BusinessPreferred® credit cards, Ink Business Premier is sold to business owners who are interested in earning cashback and are not particularly interested in travel. Cashback accumulates as Chase’s ultimate reward points, but can be redeemed via the Chase Travel Portal, but these points cannot be transferred to Chase’s airlines and hotel partners with this card. Exchange travel points via the Chase Travel Portal will not increase your value.
Still, there are some card perks worth talking about in the premiere. This is the overview.
Benefits of Chase Ink Business Premier Card
There’s a lot to love when it comes to the benefits of this card. Here is a breakdown of the most important things:
Welcome bonus
Chase Ink Business Premier comes with a welcome bonus of $1,000 cashback after spending $10,000 purchases in the first three months of your account. You will receive a welcome bonus as the ultimate reward point of 100,000. This can be exchanged for cashback.
Depending on your business, this can be an easy spending requirement to reach. But if you are the only owner who doesn’t tend to spend that much on your business every month, the welcome bonus of this card might be it.
Remuneration rate
Ink Business Premier’s reward rates are simple and generous. You can earn:
- 5% cashback on trips booked via the Chay Travel Portal
- 2.5% cashback on purchases over $5,000
- 2% cashback on all other eligible purchases
Repayment of rewards
You can redeem points for your trip via cash, gift cards, or chase portal, or pay with Apple purchase points. However, redemption of points through third-party vendors usually offers less than one cent per point of value. If possible, we recommend cashing out points at 1 cent for each point.
Flex for business
Ink Business Premier is a charge card that is technically required to pay in full on every billing cycle. However, this card comes with Flex for Business. This is a feature that allows you to pay off eligible purchases over time of interest. This could act as a safety net for your business if you can’t complete your payments.
Travel benefits
Although Ink Business Premier is not for frequent travelers, it offers a variety of travel insurance plans and benefits.
- Travel Cancellation and Discontinued Insurance: If your trip is cancelled or reduced due to illness, severe weather, or other eligible circumstances, you can refund up to $5,000 per eligible traveler and $10,000 per travel. Hotel.
- Car Rental Collision Waiver: To access, you must refuse the rental company’s collision insurance and charge your card for the entire rental cost. Compensation is the main thing when renting for business purposes and offers a refund of up to $60,000 for theft and collision damage to most rental vehicles with MSRP of $125,000. few.
- Travel and emergency services
- Roadside dispatch service
- There are no foreign transaction fees.
The Benefits of Shopping and Travel Protection
Other perks from Ink Business Premier include a suite of protection benefits. Some of them are standard.
- Purchase Protection: Covers eligible new purchases for 120 days from the date of purchase for damage or theft. item.
- Fraud protection
- Zero liability protection
- Enhanced Warranty Protection
Other benefits, like cell phone protection, are more unique. This advantage protects you (and employees on monthly mobile phone bills) from compensation damage or theft of up to $1,000 per claim (up to 3 claims for 12 months, deductible $100 per claim).
Maximize Chase Ink Business Premier
To get the most value from this card, follow these tips:
- Get a welcome offer. While working to meet the $10,000 spending requirement for a welcome bonus, your best bet is to make two purchases of at least $5,000 each within the first three months. You get 2.5% cashback for every purchase over $5,000, so spending your first $10,000 in this way will earn you $250 cashback and a $1,000 welcome bonus. It covers the first year of $195 annual fee.
- When booking a trip, first visit the Chase Portal. Check out Chase Travel Portal first to see if it offers competitive travel prices. If you can book a trip through the Portal, you can get an unlimited 5% cashback.
- Use it elsewhere where you don’t get much more rewards. With a 2% reward rate on all eligible purchases, Ink Business Premier is the perfect option to bridge the reward gap. If you don’t have a card that earns a larger reward rate in a particular category, maximize the rewards you earn using this card.
Conclusion
Small business owners who are primarily interested in cashback may prefer the simplicity of Chase Ink Business Premier.
However, if you are transferring points to an airline or hotel partner, we recommend choosing Ink Business instead. This card comes with an equally impressive welcome bonus and a good rate of return. It also offers a 25% boost on points redeemed for travel through the Chase Travel Portal, and the ability to move points to Chase hotels and airline loyalty partners.
Are you still not sure if this is the right card to add to your portfolio? Check out the latest picks. Check out the best business credit cards to help you compare options.
