Chase Ink Business Premier Card
Updated March 25, 2023.
The Facts
The Facts
- Annual Fee: $195
- Signup Bonus: $1,000 after spending $10,000 within 3 months of new account opening. Based on anecdotal reports, this card is subject to Chase's 5/24 rule (you won't be approved for this card if you have opened 5 or more new accounts within the past 24 months; any new account with any issuer will count, not just with Chase; new accounts include most credit cards and charge cards but exclude non-Chase business cards and store charge cards). Historical best bonus of this card: $1,000 since introduced in 2022.
- Application Landing Page [Disclaimer: we will receive a referral bonus from Chase if you apply and are approved for this card. The signup bonus you will receive is the same as if you visit Chase's non-referral link].
- Rewards: 5x points on travel booked through Ultimate Rewards booking portal, 2.5x on large purchases over $5,000 each, and 2x everywhere else.
- Best Use of Ultimate Rewards (UR) points: Even though it is branded as an Ultimate Rewards, the points earned from this card are not eligible for the miles/points transfer feature as provided by other premium UR cards (e.g., Ink Preferred) and can not even be transferred to any other UR card to activate the miles/points transfer. The points can only be redeemed for cash, merchandise, gift cards, or travel, at up to 1 cent per point.
- Other Benefits: (1) Waived foreign transaction fees. Embedded EMV chip for foreign travel. (2) Primary rental car collision coverage.
- Other Facts: this is a charge card instead of a credit card, meaning in general you need to pay in full (even though Chase offers a Flex option for you to carry certain balance with interest). When introduced in January 2022, the card could only be applied in branch and in September 2022 became available online.
The Math
While Ink Premier earns UR points, they can not be transferred to frequent traveler miles/points or your other Ultimate Rewards card account(s). This is very disappointing considering the $195 annual fee and the fact that lower-tier Ink Cards are actually more flexible in this regard: Ink Preferred ($95) allows frequent traveler miles/points transfer and Ink Cash or Ink Unlimited (both with no annual fees) doesn't have this transfer feature but allows points transfer to your other Ultimate Rewards account(s) that has this feature. Even though Ink Premier boasts the highest UR points earning for general spending at 2x points, it might not offer more than, if you know how to leverage miles/points transfer especially for redemption for international longhaul business/first class tickets, e.g., Ink Unlimited's 1.5x points which is worth 2.25% in our book when we value UR points at 1.5 cents using the miles/points transfer feature.
Ink Premier's 5x points on travel booked through UR is not that impressive either, as several personal UR cards such as Freedom Flex ($0), Freedom Unlimited ($0), and Chase Sapphire Preferred ($95) all have the same earning rate.
Chase Ink Premier vs. Amex Blue Business Plus | Amex Blue Business Cash: First of all, the Amex duo has no annual fees while Ink Premier carries a $195 annual fee. With that, Ink Premier doesn't really offer more overall, perhaps except for the uncapped 2% for general spending and 2.5% for large purchases - Blue Business Cash returns 2% cashback with a $50K annual spending cap, and Blue Business Plus returns 2x MR points (=3% in our book when leveraging the miles/points transfer feature) also with a $50K annual spending cap.
The Conclusion
Highly anticipated as a premium Ink business card, Chase Ink Premier fails to impress in the end compared to other options.
© 2011-2023 DrCreditCard.net All rights reserved.
While Ink Premier earns UR points, they can not be transferred to frequent traveler miles/points or your other Ultimate Rewards card account(s). This is very disappointing considering the $195 annual fee and the fact that lower-tier Ink Cards are actually more flexible in this regard: Ink Preferred ($95) allows frequent traveler miles/points transfer and Ink Cash or Ink Unlimited (both with no annual fees) doesn't have this transfer feature but allows points transfer to your other Ultimate Rewards account(s) that has this feature. Even though Ink Premier boasts the highest UR points earning for general spending at 2x points, it might not offer more than, if you know how to leverage miles/points transfer especially for redemption for international longhaul business/first class tickets, e.g., Ink Unlimited's 1.5x points which is worth 2.25% in our book when we value UR points at 1.5 cents using the miles/points transfer feature.
Ink Premier's 5x points on travel booked through UR is not that impressive either, as several personal UR cards such as Freedom Flex ($0), Freedom Unlimited ($0), and Chase Sapphire Preferred ($95) all have the same earning rate.
Chase Ink Premier vs. Amex Blue Business Plus | Amex Blue Business Cash: First of all, the Amex duo has no annual fees while Ink Premier carries a $195 annual fee. With that, Ink Premier doesn't really offer more overall, perhaps except for the uncapped 2% for general spending and 2.5% for large purchases - Blue Business Cash returns 2% cashback with a $50K annual spending cap, and Blue Business Plus returns 2x MR points (=3% in our book when leveraging the miles/points transfer feature) also with a $50K annual spending cap.
The Conclusion
Highly anticipated as a premium Ink business card, Chase Ink Premier fails to impress in the end compared to other options.
© 2011-2023 DrCreditCard.net All rights reserved.