Chase Ink Business Premier® Credit Card is excellent for business owners wanting to get as many cash back rewards as possible on large purchases. It offers 2.5% cash back on every purchase worth $5,000 or more and unlimited 2% cash back on all other business purchases. It also has a welcome offer of $1,000 cash back after spending $10,000 on purchases within the first three months after account opening.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Ink Business Premier℠ Credit Card
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who make large purchases frequently
Regular APR
Flex for Business variable APR: 19.49% – 27.49%
Credit Needed
Good – Excellent
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
- Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
- The only business credit card with 2.5% cash back on every purchase of $5,000 or more.
- For businesses who prefer to pay their balance in full each month, Ink Business Premier gives access to increased spending power, rich rewards, and premium benefits.
- Pay off eligible purchases over time with interest up to assigned Flex for Business limit. All other purchases must be paid in full each month.
- Purchase with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There’s no additional cost for employee cards. Monitor spend with digital tools like purchase alerts, set spending limits, reporting, and more.
- Member FDIC
Pros
- Offers premium rewards for new and existing cardholders
- Does not charge foreign transaction fees
- Has the option to pay for qualifying purchases in installments through Flex for Business
Cons
- Does not have interest-free financing option on both purchases and balance transfers
- Charges a high annual fee
- Requires for you to pay in full each month
- Need to make large purchases within a short period of time to qualify for its sign up bonus
- Cellphone protection: You and your employees listed on your monthly cellphone bill can get up to $1,000 per claim against covered theft or damage
- Extended warranty protection: You can extend the United States manufacturer’s warranty period by an additional year on eligible warranties of three years or less.
- Trip cancellation/trip interruption insurance: If your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your prepaid, nonrefundable travel expenses, which includes passenger fares, tours, and hotels.
- Flex for Business: Allows a portion of your Credit Access Line to be used for qualifying purchases over time with interest.
- Free employee cards: You can request employee cards at no additional cost and set individual spending limits—helping you earn rewards faster.
Regular APR
Flex for Business variable APR: 19.49% – 27.49%
Credit Needed
Good – Excellent
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
- Travel Benefits: Unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards, No Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
- The only business credit card with 2.5% cash back on every purchase of $5,000 or more.
- For businesses who prefer to pay their balance in full each month, Ink Business Premier gives access to increased spending power, rich rewards, and premium benefits.
- Pay off eligible purchases over time with interest up to assigned Flex for Business limit. All other purchases must be paid in full each month.
- Purchase with confidence with built-in protections like Fraud Protection, Zero Liability Protection, Purchase Protection, Cell Phone Protection, and Extended Warranty Protection.
- There’s no additional cost for employee cards. Monitor spend with digital tools like purchase alerts, set spending limits, reporting, and more.
- Member FDIC
Pros
- Offers premium rewards for new and existing cardholders
- Does not charge foreign transaction fees
- Has the option to pay for qualifying purchases in installments through Flex for Business
Cons
- Does not have interest-free financing option on both purchases and balance transfers
- Charges a high annual fee
- Requires for you to pay in full each month
- Need to make large purchases within a short period of time to qualify for its sign up bonus
- Cellphone protection: You and your employees listed on your monthly cellphone bill can get up to $1,000 per claim against covered theft or damage
- Extended warranty protection: You can extend the United States manufacturer’s warranty period by an additional year on eligible warranties of three years or less.
- Trip cancellation/trip interruption insurance: If your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your prepaid, nonrefundable travel expenses, which includes passenger fares, tours, and hotels.
- Flex for Business: Allows a portion of your Credit Access Line to be used for qualifying purchases over time with interest.
- Free employee cards: You can request employee cards at no additional cost and set individual spending limits—helping you earn rewards faster.
When evaluating business cash back credit cards like Chase Ink Business Premier® Credit Card, we consider ongoing rewards as the biggest factor and introductory rewards the second highest. We also rate the annual fee, introductory and ongoing annual percentage rate (APR), and card benefits.
Who the Chase Ink Business Premier® Credit Card Is Best For
- Those who can pay in full: This card requires you to pay your balances in full each month, though it offers an option for you to pay for qualifying purchases in installments with interest through Flex for Business.
- Those who make large purchases frequently: This card gives you 2.5% cash back on every purchase of $5,000 or more.
See our recommended alternatives below if this card isn’t the best fit for your business. You may also check our list of the best Chase business credit cards for more options from the same issuer.
- $1,000 bonus cash back after spending $10,000 on purchases within the first three months after account opening
- 5% cash back for every dollar spent on travel purchases booked through the Ultimate Rewards program
- 2.5% cash back on purchases worth $5,000 or more—that’s $250 on a purchase of $10,000 when redeemed
- Unlimited 2% cash back on all other business purchases
Through the Chase’s Refer-A-Business program, cardholders can receive 40,000 points for each business owner referred who gets approved and get up to a maximum of 200,000 bonus points per calendar year.
Chase Ink Business Premier® Credit Card Calculator
Using our calculator, you can be given an estimated annual cash back value through your estimated monthly expenses. Input your estimated monthly expenses and let our calculator do the rest.
How To Redeem Chase Ink Business Premier® Credit Card Rewards
There’s no limit to the cash back that can be redeemed through Chase Ultimate Rewards®. In addition, earned cash back will not expire so long as your account is active. You can use these to:
- Redeem as a statement credit to apply toward your balance, or have it directly deposited to most United States checking and savings accounts.
- Book your business travel through Chase Travel℠ where you can redeem for rental cars, hotel stays, or fly any class on most major airlines with no restrictions or blackout dates on airfare.
- Pay for all or part of your Apple purchases through Ultimate rewards.
- Give gift cards for yourself, clients or employees.
Chase Ink Business Premier® Credit Card Features
Travel & purchase coverage
- Cellphone protection: Receive coverage for you and your employees listed on your monthly cellphone bill of up to $1,000 per claim against theft or damage. Note that a maximum of three claims in 12 months with a $100 deductible per claim is available.
- Extended warranty protection: Extend the US manufacturer’s warranty period by an additional year on eligible warranties of three years or less.
- Auto rental collision damage waiver: Decline the company’s collision insurance and charge the entire rental cost to this card to receive coverage for your rental vehicles. Note that coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Roadside dispatch: Call (800) 847-2869 anytime to dispatch the help you need—from a tow or jump-start assistance and a tire change to lockout service and winching and gas delivery. Note that roadside service fees will be provided when you call and are billed to your card.
Account and card management
- Free employee cards: Request employee cards at no additional cost and set individual spending limits—helping you earn rewards faster
- Flex for Business: Secure a portion of your Credit Access Line to be used for qualifying purchases over time with interest
- Chase Ink®: Be given 24/7 access to view account details, quarterly reports of up to 24 months of statement details, and more
- Separating business and personal expenses: Track expenses and maintain records for tax reporting easily by integrating your Chase Ink credit card with bookkeeping software to simplify accounting
Chase Ink Business Premier® Credit Card Fees
- Flex for Business APR While the card should be paid in full, you can still pay for eligible purchases over time with interest through Flex for Business. : 19.49% to 27.49% variable, which will adjust with the prime rate (with no minimum interest charge)
- Annual fee: $195
- Cash advance fee: Either $15 or 5% of the amount of each transaction, whichever is greater
- Foreign transaction fee: None
- Late payment fee: Either $40 or 2% of the minimum payment due, whichever is greater
Your due date is at least 20 days after the close of each billing cycle.
- Online or Chase Mobile® App: Go to chase.com/paycard to sign in and make a payment online. You can also enroll in automatic payments through the website or mobile app. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay, such as the full statement balance, minimum payment due, or any fixed amount.
- Phone: Call the automated phone service at (800) 436-7958.
- Mail or money order: Include your name and full account number on your check or money order—and don’t send cash. Mail your payment to the following address:
Cardmember Services
PO Box 6294
Carol Stream, IL 60197-6294
Alternatively, you can send your payment via overnight mail to the following address:
Chase Card Services
201 N. Walnut St.
Del-0153
Wilmington, DE 19801
- Nearest Chase ATM or branch: Find the nearest Chase ATM or branch. Find the nearest Chase ATM or branch.
Chase Ink Business Premier® Credit Card Alternatives
U.S. Bank Business Platinum Card
As a card that requires cardholders to pay balances in full each month, Chase Ink Business Premier® Credit Card does not offer a 0% introductory period on purchases and balance transfers. We suggest the U.S. Bank Business Platinum Card as it offers a long 0% introductory period on both purchases and balance transfers.
U.S. Bank Business Platinum Card
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Extended 0% APR period on purchases and balance transfers
On US Bank’s Secure Website
Regular APR
17.24% – 26.24% (Variable)
Credit Needed
Excellent/Good Credit
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Regular APR
17.24% – 26.24% (Variable)
Credit Needed
Excellent/Good Credit
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World’s Most Ethical Company® – Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Chase Ink Business Unlimited®
Consider the Chase Ink Business Unlimited® as an alternative Chase business credit card if you intend to make large purchases as it offers a 0% introductory period on purchases. This card also offers a fixed-rate cash back rewards on all purchases and charges a $0 annual fee.
Ink Business Unlimited® Credit Card
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who want fixed-rate 1.5% cash back on all purchases
on Ink Business Unlimited® Credit Card’s secure website.
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% – 24.49% Variable
Credit Needed
Good – Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% – 24.49% Variable
Credit Needed
Good – Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
Bank of America® Business Advantage Unlimited Cash Rewards
If you wish to monitor your business credit scores and have an existing Bank of America business checking account, we recommend you look into the Bank of America® Business Advantage Unlimited Cash Rewards. It offers up to 75% more cash back through its Preferred Rewards for Business Platinum Honors tier and charges a $0 annual fee.
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
Fit Small Business’s ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card’s rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those with an existing business checking account with Bank of America
on Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card’s secure website.
Intro APR
0%
9 billing cycles
Regular APR
18.49% – 28.49% Variable APR on purchases
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on purchases, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62% cash back on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No annual cap and cash rewards don’t expire as long as your account remains open.
- No annual fee.
- Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 18.49% to 28.49% will apply.
- Contactless Cards – The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual fees
- Flexible redemption options
- With sign-up bonus
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®: This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
Intro APR
0%
9 billing cycles
Regular APR
18.49% – 28.49% Variable APR on purchases
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on purchases, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62% cash back on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No annual cap and cash rewards don’t expire as long as your account remains open.
- No annual fee.
- Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that’s currently 18.49% to 28.49% will apply.
- Contactless Cards – The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual fees
- Flexible redemption options
- With sign-up bonus
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®: This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
Frequently Asked Questions (FAQs)
Having a strong credit score can increase your chances of securing the Chase Ink Business Premier® Credit Card. If you do not have a solid business credit score, Chase considers your personal credit score.
Yes, you can request a credit limit increase for your Chase Ink Business Premier® Credit Card. While Chase may increase the credit limit of eligible cardholders automatically, there are instances when this will not happen. To request a credit limit increase manually, call the number on the back of your Chase credit card.
Bottom Line
Chase Ink Business Premier® Credit Card is great for those who make large purchases frequently. It offers 5% cash back rewards for every dollar spent on travel purchases booked through the Ultimate Rewards program, 2.5% cash back on large purchases worth $5,000 or more, and an unlimited 2% cash back on all other business purchases. Note that it requires you to pay your balances in full and charges a high annual fee.
