The Ink Business Premier is a card that burst onto the scene in 2021. The card was only available to new card members through a Chase Business Relationship Manage. Fast forward to today, the card is now available to all new business credit card members, assuming you are under the Chase 5 24 Rule.
One of the most interesting things Chase decided to do with this card does not allow the cashback earned to be converted into Chase Ultimate Rewards points. This is different than what you can do with cashback earned from Chase Ink Business Cash and Chase Ink Business Unlimited. If you hold either one of these business cards and the Chase Sapphire Reserve, Chase Sapphire Preferred, and/or Ink Business Preferred, you can convert cashback into Chase Ultimate Rewards points.
Ink Business Premier Details
New card members earn $1,000 cash back after they spend $10,000 in the first 3 months from account opening. You receive 100,000 bonus points which can be redeemed for $1,000 in cash back.
The Ink Business Premier has a $195 annual fee and charges no foreign transaction fees.
Earning Cashback with the Ink Business Premier
The Unlimited earns 5% total cash back on travel purchased through Chase Travel(SM). In addition, the card has no Foreign Transaction Fees and Trip Cancellation/Trip Interruption Insurance.
How to Redeem Cashback with the Ink Business Premier
Unfortunately, Ink Business Premier does not allow you to convert cashback earned into Chase Ultimate Rewards points. Instead, you can redeem cash back for statement credits, gift cards, travel, and use cashback for products or services made available through Chase and its third parties.
Conclusion on the Ink Business Premier
The Business Premier earns $1,000 cash back after you spend $10,000 in the first 3 months from account opening. Cardmembers earn 2% cash back on all purchases and 2.5% cash back on purchases of $5,000 or more.
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