The Ink Business Premier® Credit Card is a compelling option for business owners seeking to maximize cash-back rewards on their expenses. This card features a substantial welcome bonus, offering $1,000 cash back after spending $10,000 in the first three months. The card earns unlimited 2% cash back on every purchase, making it straightforward for users who prefer a hassle-free rewards program without the need to activate bonus categories or track promotional offers. Furthermore, when spending $5,000 or more in a single transaction, users can enjoy an enhanced cash-back rate of 2.5%. With no expiration on the rewards as long as the account remains in good standing, users can redeem cash back for various options, including travel and gift cards, which adds to the card’s appeal.
Apart from cash-back rewards, the Ink Business Premier card includes several valuable benefits that help justify its $195 annual fee. Ten significant advantages feature extensive purchase and travel protections, including primary rental car coverage against damage or theft when paid with the card. Additionally, users who pay their monthly cell phone bills with this card can benefit from cell phone protection, covering claims for damage or theft up to $1,000 per incident, with a maximum of three claims per year. There are also protections for eligible new purchases within the first 120 days, alongside extended warranty protection for eligible U.S. manufacturer’s warranties, securing additional value from the card.
Earning potential through the Ink Business Premier extends beyond regular purchases. For businesses making larger transactions, the 2.5% cash back rate on purchases over $5,000 represents a more substantial earning opportunity, rewarding significant spending patterns. Additionally, the card offers a flat 2% cash back on everyday business expenses, which allows business owners to effortlessly earn rewards without needing to register for limited-time promotions or keep track of bonus categories. Users can also add employee cards at no charge, ensuring rewards can be accrued from their business expenses, which is fundamental for those managing multiple team expenditures.
The Ink Business Premier further incentivizes cardholders through referral bonuses. For every successful referral that results in an approved application, cardholders earn 20,000 bonus points, equivalent to $200 in cash-back rewards. This bonus can be amassed annually, with a maximum of 200,000 bonus points allowed within a year, which can significantly enhance the cash-back earnings potential for proactive business owners. Additionally, the points accumulated can be redeemed easily without minimum redemption requirements for statement credits or direct deposits to eligible bank accounts.
For those wishing to utilize their points more flexibly, cardholders can redeem them to book travel through the Chase Travel portal, allowing for a wide array of travel booking options without blackout dates. Users can pay for flights, hotels, and rental cars while also earning additional rewards via loyalty programs. While the rewards from the Ink Business Premier can be redeemed for various purposes, including gift cards from over 150 retailers, it is essential to note that these points cannot be transferred to airline or hotel partners like some other Chase Ultimate Rewards products.
Despite the Ink Business Premier’s numerous advantageous features and robust cash-back structure, potential applicants should consider whether this card aligns with their business spending patterns. The annual fee of $195 could be challenging for some businesses to justify, requiring significant spending just to break even. Moreover, users must manage their payments diligently as the card operates as a pay-in-full card, meaning that balances must be settled in full each month to avoid potential penalties. Overall, while the Ink Business Premier is highly beneficial for high-spending business owners seeking generous cash-back rewards and protections, it may not be the best fit for every operation, prompting review of alternative credit card options.
