Is Chase Ink Business Premier worth it?


  • The Ink Business Premier® Credit Card from Chase is a top business credit card that earns cash back (with an annual fee of $195).

  • If your business spends a lot on big-ticket items over $5,000, you can earn 2.5% cash back, plus 2% back on low-cost purchases.

  • Unlike other Chase rewards cards, rewards earned through Ink Business Premier cannot be combined with other Ultimate Rewards.

When it comes to rewards earning potential, the Chase Ink Business Premier® Credit Card doesn’t disappoint.

Ink Business Premier offers attractively high interest rates compared to other business credit cards on the market. But it does come with an important consideration, especially for those used to pooling Chase Ultimate Rewards across cards: It earns cash back, not flexible Ultimate Rewards points.

This could work great for you and your business, but it could also be a complete deal-breaker. Read on to learn when the Chase Ink Business Premier Card is worth it, when it’s not, and who this business card is typically best for.

When is Chase Ink Business Premier worth buying?

The Chase Ink Business Premier Credit Card is definitely worth it in the long run, but only in certain circumstances. Here are some scenarios where it might be the best business credit card for your wallet.

Your business spends a lot of money every month

If your business spends a lot of money each month or makes a series of purchases over $5,000, Ink Business Premier may be the ideal choice for your needs. This card offers 2.5% cash back on purchases over $5,000 and 2% cash back on other purchases. Plus, get 5% back when you book travel through Chase.

By comparison, Chase’s next flat-rate business credit card, the Ink Business Unlimited® Credit Card, only offers 1.5% cash back on all purchases. If your business spends $10,000 per month on plastic and one purchase is $5,000, you can earn $225 per month in cash back with Ink Business Premier or just $150 per month with Ink Business Unlimited.

That means Ink Business Premier gets $2,700 in cash back over a year, while Ink Business Unlimited only gets $1,800 in cash back—a huge difference.

You want flexible rewards, but not necessarily travel

Ink Business Premier offers cash back on your purchases, but you can redeem them not only for bill points but also for rewards. In fact, this card lets you redeem rewards for gift cards, merchandise, Chase travel, and even purchases on or PayPal.

However, unlike some Chase business cards, such as the Ink Business Preferred® Credit Card, rewards earned with the Ink Business Premier Card are not transferable to travel partners for additional value. Additionally, while the card earns higher rewards on travel purchases booked through Chase, it is not eligible for higher redemption rates when you use rewards to book through the portal.

Additionally, you cannot combine rewards earned with this card with rewards earned with other Chase Ultimate Rewards cards.

Paying the annual fee doesn’t bother you

Ink Business Premier charges a $195 annual fee, while several Chase business credit cards charge no annual fee at all. That said, if your business spends a lot of money on purchases each month, paying the annual fee on this card is well worth it.

No introduction of annual interest rate required at time of purchase

Finally, remember that the Chase Ink Business Premier does not come with an introductory APR, while the Ink Business Unlimited and Ink Business Cash® credit cards do. Because of the higher APR, you should only choose the Chase Ink Business Premier Credit Card if you know you can pay off your credit card balance in full each month.

When is Chase Ink Business Premier not worth buying?

While the above reasons are good arguments in favor of getting this card, there are definitely situations where Ink Business Premier doesn’t make sense. These include the following:

You want to be able to transfer points to airline and hotel partners

If you want the ability to transfer your rewards to Chase airline and restaurant partners, Ink Business Premier is not for you. This card lets you use cash back to book travel through the Chase portal, but you can’t transfer points to Marriott Bonvoy, Southwest Rapid Rewards, United MileagePlus ) or partners such as World of Hyatt.

You have other Chase cards and prefer to combine your rewards into one account

If you have other Chase credit cards, including ones that earn Chase Ultimate Rewards points that can be transferred to airlines and restaurants, you should know that Ink Business Premier won’t let you combine rewards.

This makes it different from other Chase credit cards, even those that advertise earning “cash back,” which is a major drawback.

It is impossible to pay the annual fee

If you don’t want to pay an annual business card fee, Ink Business Premier isn’t the best option. This card has a $195 annual fee, but many other business cards have $0 annual fees and great rewards and benefits.

Business benefits for Ink Business Premier cardholders

Chase Ink Business Premier does offer a great cash back rate for business owners with significant monthly expenses. It also includes many other business-friendly benefits, including:

  • Earn $1,000 cash back when you spend $10,000 in purchases within three months of account opening
  • Get additional employee cards for free
  • Monitor and set spending limits on employee cards
  • Fraud monitoring and “zero liability” protection
  • Flex for Business lets you pay for purchases over time
  • Cell phone protection up to $1,000 per claim (up to 3 claims in 12 months, $100 deductible applies)
  • Trip Cancellation/Interruption Coverage
  • Baggage delay coverage
  • Car Rental Collision Damage Waiver
  • No foreign transaction fees
  • Purchase Protection and Extended Warranty Coverage

Is Ink Business Premier worth the annual fee?

If you’re a business owner who likes cash back and puts a lot of monthly fees on your credit card, Ink Business Premier’s $195 annual fee is well worth it. In fact, the card will likely pay for itself—especially if you make $5,000 or more in purchases in a year.

For example: Let’s say your monthly advertising, utilities, gas, etc. total $5,000. Let’s also assume that you spend $1,000 per month on travel through the Chase portal. In just 1 month, you’ll get $150 in cash back, so you’re almost paying the $195 annual fee in the first month alone. That’s $1,800 in cash back per year; even with the annual fee, you still net $1,605.

Now assume you make at least $5,000 in single purchases per year. With 2.5% cash back, you can net $125 on a single purchase. With one purchase over $5,000, you’ll pay the annual fee with just two purchases, and that’s before any rewards you earn on other purchases you make on the card.

But this card is definitely no It’s worth it if you’re primarily attracted by the big welcome offers and want to use those rewards to switch to a travel loyalty partner. Don’t let flashy numbers distract you—this is not a transferable points card, and you can’t combine rewards with other Chase rewards.

Should you get Chase Ink Business Premier?

If your business has higher expenses and is looking to earn the highest cash back rate possible, Ink Business Premier may be a good fit for your wallet. Not only does it offer an excellent rewards rate, but you can also earn $1,000 in bonus cash back when you spend $10,000 within three months of opening an account.

Several cardholder benefits also help increase the value of the card, including purchase protection against damage or theft, cell phone protection, extended warranties, trip cancellation and interruption coverage, baggage delay coverage, and more.

The Chase Ink Business Premier Credit Card has an annual fee of just $195 and comes with tons of benefits, so it’s ultimately worth it.

bottom line

If you still can’t decide whether to choose this card, check out our Chase Ink Business Premier Credit Card review. Take the time to learn about its rewards and benefits, and you’ll be able to best compare it to other top business credit cards on the market today.

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