Pam
We have discussed using the Chase Ink Business Cards to earn more of our favorite currency, Ultimate Rewards. One card that we’ve rarely talked about is the Ink Business Premier® Credit Card. Jess got it to help fund a future Disney Cruise. I hadn’t considered it a viable option (as it earns non-transferrable Ultimate Rewards points), but I am rethinking things. Let’s talk all about the Ink Premier Business Card.
The Ink Business Premier® Credit Card earns Ultimate Rewards points, but they can only be cashed out for one cent per point or redeemed for travel through Chase Travel℠ for one cent per point. They cannot be combined with Ultimate Rewards earned from other Chase cards like the Ink Business Unlimited® Credit Card, Ink Business Cash® Credit Card, or Chase Sapphire Preferred® Card. Ultimately, this is a cash-back card that will earn you $1,000 after you meet the minimum spend of $10,000 in three months. This might work well for the following situations:
Usually, I am not interested in a cash-back card because travel rewards cards work better for me and offer more value. Another reason I didn’t consider it is that I wouldn’t want it to take up a 5/24 spot. This card is a business card, though, and as such, it won’t count towards 5/24 (though you do need to be under 5/24 to be approved). Hmm, that makes it much more interesting now, right?
Jess plans to get this card for her and her husband to help pay for a Disney cruise next year.
Unfortunately, the annual fee is $195, slightly reducing the welcome offer. The minimum spend is a hefty $10,000, too, which will keep many people from applying. However, using the Ink Premier might make sense if you are self-employed and pay estimated taxes.
It does earn 2% cash back on every purchase (and 2.5% back on purchases over $5,000), so after hitting the $10,000 minimum spend, you would have $1,000 from the welcome offer + at least $200 from hitting the minimum spend. After paying the $195 annual fee, you’d still have $1,005. Not too shabby for a card that doesn’t count towards 5/24!
The card also comes with good benefits like:
Some people in the credit card points and miles world want cash-back cards, which would be a good choice for them. This might be a good option if you want to pay for some items (like cruises or excursions) that won’t be covered by points/miles.
If you have a business that makes big purchases, then the 2.5% cash back on purchases over $5,000 might be attractive to you.
We are generally all about travel rewards cards. However, under certain circumstances, the Ink Business Premier® Credit Card might be worth considering. Never say never; I may even pick it up sometime soon!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a Travel Mom Squad advertiser, but we always show the best public offer even when we don’t earn a commission. Terms Apply.
Advertiser Disclosure: Travel Mom Squad has partnered with CardRatings for our coverage of credit card products. Travel Mom Squad and CardRatings may receive a commission from card issuers. This compensation may impact how or where products appear on this site. Travel Mom Squad has not reviewed all available credit card offers on this site.
Editorial Note: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
be the first to comment
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.