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Chase Launches New Charge Card: Chase Ink Business Premier

Chase Launches New Charge Card: Chase Ink Business Premier
Written by Publishing Team

Chase has been steadily growing its portfolio of business credit cards and this time around, it has launched the Chase Ink Business Premier Card. Priced at $195 per year, the card is designed to attract business owners whose large purchases and high monthly spending will allow them to earn up to 2.5 percent in unlimited cash.

The sleek metallic design and higher cashback rates for larger purchases indicate that this rewards card is geared toward more established business owners who will take advantage of this charge card’s features.

Basically, cardholders will pay the entire balance each month without paying interest. At the same time, they will get rewards that can be exchanged for cash and a number of other prizes such as travel, Amazon.com purchases, and more. In other words, it’s a generous line of credit that also provides cash back – a win-win situation for business owners.

What does Chase Ink Business Premier offer?

The most attractive feature of Chase Ink Business Premier is the opportunity to earn unlimited cash, in addition to the presence of other perks that add to the card benefits:

  • Rewards rate: Unlimited 2 percent cashback on every purchase; Unlimited 2.5 percent cashback on every purchase of $5,000 or more; Unlimited 5 percent cashback on travel purchased through Chase Ultimate Rewards
  • welcome bonus: $1,000 cashback on business purchases of $10,000 in the first 3 months of account opening
  • Business Flex: Flexibility to pay for eligible purchases over time with interest – up to the Flex for Business limit
  • travel protection: No foreign transaction fees; Trip cancellation/interruption insurance; flight delay compensation; Baggage Delay Insurance Car Rental Accident Damage Waiver
  • Extra protection: Fraud, Disclaimer, Purchase, Extended Warranty Protection and Mobile Phone Protection

How is Chase Ink Busines Premier different from other Chase business credit cards?

Earn rewards

The bonus structure is designed to help business owners earn more big purchases. Although you can get 2 percent back on all purchases, you’ll get 2.5 percent back on purchases over $5,000 or more. Then, when you spend on travel in the Chase Ultimate Rewards portal, you can redeem 5 percent. There is no limit to the amount you can earn and the rewards do not expire as long as your account is active.

Redeem rewards

Rewards like those on a travel credit card can be redeemed at the Chase Ultimate Rewards portal, as well as on Amazon.com, PayPal, and gift card purchases for more than 175 brands, Apple products, and more.

Chase’s first paid business card

The Chase Ink Business Premier Card is a charge card – meaning the full balance must be paid at the end of each billing cycle. In the words of Chase, “The Chase Ink Business Premier will be the first fully prepaid business credit card with the built-in flexibility of greater spending potential and rich rewards that Chase will offer.”

However, as many charge cards have done lately, there is also the option to pay off some purchases over time. With Flex for Business, cardholders can pay off purchases over $500 with interest over time.

Who will benefit from the Chase Ink Business Premier Card?

This card is perfect for business owners who don’t mind paying a higher annual fee to access what essentially amounts to a credit line with rewards. If you are a business owner who can funnel large amounts of expenses through your business credit card each month, the Chase Ink Business Premier Card will save you a generous amount of cash while saving you tons of interest payments.

For these reasons, we find this card not suitable for individual entrepreneurs or small businesses that have monthly and yearly revenue at the lower end. In fact, the card appears to be more than just a marketing tool to lure business owners into Chase’s pipeline for more sophisticated financial products that large business owners tend to need more than small business owners. This is not a bad thing, but it does mean that not every business owner will be ready for this type of business credit card.

If you feel like this card is a little out of your league, there are plenty of other Chase business credit cards you can apply for – many with lower or no annual fees, no balance required to be paid monthly and the opportunity to earn Chase Ultimate Rewards points:

In addition, other issuers such as American Express, Bank of America, Capital One, or even Citi also offer a wide range of business credit cards to meet your needs.

However, if you meet the criteria for this card and have an existing relationship with a Chase Business Relationship Manager, you can enroll in the Chase Ink Business Premier queue for an application when the card becomes available.

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