Chase Ink Business Premier $1000 Initial Bonus And 2.5% Cash Back On Large Purchases

I receive compensation for content and many links on this blog. Citibank is an advertising partner of this site, as is American Express, Chase, Barclays and Capital One. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available — instead focusing on miles, points, and cash back (and currencies that can be converted into the same). Terms apply to the offers and benefits listed on this page.

New Business Card! Ink Business PremierSM Credit Card

The Ink Business PremierSM Credit Card has an offer to earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening. That’s a rich bonus.

Spending on this $195 annual fee card will earn:

  • unlimited 2.5% total cash back on purchases of $5,000 or more
  • unlimited 2% cash back on all other business purchases
  • 5% cash back on travel purchases through Chase’s Travel Portal, which I view as a non-factor

Note that while you can redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards, you cannot transfer points to airline or hotel loyalty programs. Chase’s less premium ($95 annual fee) Ink Business Preferred® Credit Card allows points transfers.

I have to think this will engender some confusion, which is why I’m flagging the issue. I have to imagine – though I’m speculating – that,

  • On average, miles transferred cost more than one cent apiece
  • To make the math work on 2.5 points per dollar they had to exclude those costlier redemptions
  • Especially when many merchants where large purchases are made may be paying less in interchange

So think of this as a great cash back card for heavy spenders. Here’s the relevant comparison: you can earn 2% with the Citi® Double Cash Card consumer card which has no annual fee.

For this Ink Business PremierSM Credit Card to make sense against a no annual fee 2% cash back card, you need to be charging $40,000 or more per year in individual charges that are $5000 and up. That’s a lot of businesses, to be sure!

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