The Ink Business Premier Credit Card from Chase is a cash back-only credit card that does not earn Ultimate Rewards. Aside from a big cash back sign-up bonus, this card doesn't offer much else. Between earning cash back and valuable URs, we would much rather earn URs.
The Ink Business Premier earns unlimited 5% total cash back on travel purchased through Chase Ultimate Rewards, 2.5% total cash back on purchases of $5,000 or more, and unlimited 2% cash back on all other business purchases.
The perks and benefits of the Ink Business Premier include:
- Up to $1,000 per claim in cell phone protection against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your card (maximum of 3 claims in a 12-month period with a $100 deductible per claim)
- Trip cancellation/interruption insurance and trip delay reimbursement
- Baggage delay insurance
- Auto rental collision damage waiver
- No foreign transaction fees
The Ink Business Premier comes with a large sign-up offer of $1,000. This is a hefty SUB, despite the large minimum spend. But beyond the SUB, the card offers very little since it doesn't earn Ultimate Rewards points.
Like other transferrable points currencies, Chase URs regularly provide incredible value. This makes URs a much better return on spend than cash back. Therefore, we would not recommend spending much on this card after meeting the minimum spend.
Remember that you can still enjoy cash back with Chase cards even without the Ink Business Premier. The Chase Freedom Unlimited(review), Chase Freedom Flex(review), and Chase Ink Business Unlimited(review) all offer the ability to redeem your URs for cash back. Granted, none of these cards earn at a 2% rate, but they also don't have annual fees.
The card's business are quite basic as the Ink Business Premier doesn't offer anything that you wouldn't see in another Chase card. That said, the Ink Business Premier‘s cell phone protection benefit is slightly better than that of the Chase Ink Business Preferred(review). The Ink Business Premier‘s offers coverage of up to $1,000 per claim, while the Ink Business Preferred offers coverage of up to $600 per claim.
Lastly, the card's earn structure does not justify its $195 annual fee. Other cards like the Citi Double Cash(review) offer 2% cash back with no annual fee. And the Double Cash still offers the flexibility of earning cash back or Citi ThankYou Points.
So when does this card make sense? If you are in a season of life where you need a hefty cash back SUB and have the ability to spend $10,000 in 3 months, the Ink Business Premier‘s $1,000 SUB might make sense.
The Ink Business Premier is all about unlimited cash back at a 2% earn rate and with a good cash back sign-up bonus to boot. But paying an annual fee to earn cash back while not earning URs makes little sense. As far as cash back cards go, the Citi Double Cash is a better bargain.
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