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There’s an additional business metal credit card option that might be perfect for your business. The Ink Business Premier℠ Credit Card is a card that comes with unlimited earning potential. This card joins the Ink business card family, some of the best Chase business credit cards available. Here are the details of the Ink Business Premier Credit Card.
Ink Business Premier Credit Card Review
As mentioned above, this contactless metal credit card comes with the opportunity to earn unlimited rewards for your business. This card also comes with premium benefits, such as fraud and zero liability protection. Additionally, rewards can be redeemed in a variety of ways.
Ink Business Premier℠ Credit Card cardholders can earn a $1,000 bonus cash back after spending $10,000 on purchases in the first 3 months after account opening.
The Ink Business Premier Credit Card earns unlimited 2% cash back on every purchase.
However, if you’re making a purchase of $5,000 or more, you’ll be happy to know that you’ll earn 2.5% cash back instead. That is equal to $250 on a purchase of $10,000 when redeemed.
This is the only 2% cash back credit card available in the market with an unlimited 2.5% large purchase bonus on expenditures over $5,000. So, if your business needs to make a variety of big purchases throughout the year, this card can earn significant rewards.
Additionally, cardholders can earn unlimited 5% cash back on travel purchased through Chase Ultimate Rewards®. Additionally, Ultimate Rewards travel purchases can include flights, hotels, car rentals, cruises, and even attractions!
How can Ink Business Premier Credit Card cardholders redeem rewards? They have several options:
- Cash back: Invest the cash rewards back into your business
- Travel: Book business trips with your rewards through Chase Ultimate Rewards
- Shopping: Use your points for business purchases (including taxes and shipping) at Amazon.com or PayPal
- Gift cards: Redeem rewards for gift cards at over 175+ brands, Apple products, and more
Rewards can be redeemed at any time, with no minimum needed for redemption (some cards require a certain amount in order to be redeemed).
However, note that when shopping with points, each point is worth $0.008, which means that 100 points equal $0.80 in redemption value.
Additionally, rewards won’t expire as long as your account is open.
And there isn’t a minimum redemption amount. Your unlimited cash back can be redeemed anytime through Chase Ultimate Rewards®.
Paying In Full or Using Card Flexibility
The Ink Business Premier℠ Credit Card is Chase’s first Pay In Full business credit card. This card can work well for business owners who can pay off their balance each month. However, if you’re a business that needs more time for payments, Chase’s Flex for Business feature allows cardholders to make payments over time for eligible purchases.
But note that there will be interest charges.
Some of the other benefits of the Ink Business Premier Credit Card include the following:
- Baggage delay insurance
- Trip cancellation/interruption insurance
- Trip delay reimbursement
- Auto rental collision damage waiver
Additionally, there are purchase protections that can come in handy, though we hope you never have to use them.
These benefits include zero liability protection, fraud protection, purchase protection, and extended warranty protection.
Cell phone protection is also available to cardholders. Cardholders can get up to $1,000 per claim against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Ink Business Premier Card. There is a maximum of 3 claims in a 12-month period with a $100 deductible per claim.
You’ll also have access to Chase Business Online, which allows you to monitor and manage your account.
The Ink Business Premier℠ Credit Card does have an annual fee of $195. However, there are no foreign transaction fees.
Additionally, employee cards are free.
In conclusion, the Ink Business Premier℠ Credit Card can help your business earn rewards quickly. With the ability to earn unlimited 2% cash back on every purchase, plus 2.5% cash back on purchases of $5,000 or more, your business can be well on its way.