So this card could easily be a good fit if you have a lot of business travel expenses. That’s $125 back in your pocket for a $5,000 purchase, but also a lot more potential cash back if your business spends hundreds of thousands on purchases each month.Īnd don’t forget, the Ink Business Premier has no foreign transaction fees and provides 5% cash back on travel purchased through Chase Ultimate Rewards. This is because you earn 2.5% cash back on purchases of $5,000 or more. You get even more value from the Ink Business Premier if you frequently make large purchases. That makes it easy to have just one card in your wallet for every business-related expense. Without considering the other bonus categories, you earn 2% cash back on all other business purchases. The Ink Business Premier is an excellent card for small business owners who want a one-size-fits-all card for everyday expenses. Who the Ink Business Premier Credit Card is well suited for Other helpful card benefits include purchase protection, extended warranty protection, and cell phone protection. This card still provides loads of value for small business owners with its sign-up bonus and everyday earning potential. That said, these limitations aren’t severe enough to make the Ink Business Premier card worthless. You should also keep in mind that you can’t transfer points on this card to hotel and airline travel partners, which you can on some of the other Chase cards. For example, you can combine points between many of the Chase Freedom, Chase Sapphire, and Chase Business Ink credit cards.īut you can’t transfer points from the Ink Business Premier to other Chase cards. You can typically transfer points between certain Chase cards to help increase your total points balance. There is a downside to the Ink Business Premier when it comes to point transfer. This redemption option provides a lower value of 0.8 cents per point, so it may not be worth it to use your points on Amazon if you want to maximize your redemption value. The primary exception to this rule is using your Chase points through Amazon’s Shop with Points program. You typically receive at least 1 cent per point for your cashback rewards, which are also known as Ultimate Rewards points. It provides 5% cash back on travel purchased through Chase Ultimate Rewards unlimited 2.5% cash back on purchases of $5,000 or more unlimited 2% cash back on all other business purchases.Īnd new cardmembers can also earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening. The Chase Ink Business Premier is a new card in the Chase Ink Business credit card lineup. Ink Business Premier℠ Credit Card benefits That means transactions made with this card both in the U.S and internationally won’t incur any additional costs.īoth the Ink Business Unlimited ® Credit Card or Ink Business Cash ® Credit Card offer great benefits, but if you use them to pay for purchases internationally, you’ll pay a 3% fee on foreign transactions. The Ink Business Premier℠ Credit Card and the Ink Business Preferred ® Credit Card are the two credit cards with no foreign transaction fees in the Chase Ink Business lineup. What Ink Business cards don’t charge a foreign transaction fee? Fortunately, there’s an Ink Business card that charges zero foreign transaction fees. However, this requires you to budget your expenses ahead of time and doesn’t give you the convenience and protection of using a credit card. currency before your trip and using local cash only. One way to avoid foreign transaction fees is by converting U.S. That fee breaks down into two parts: a 1-2% fee from the card issuer and a 1% fee from the card network (such as Visa or Mastercard). If your credit card charges a foreign transaction fee, it will typically cost you about 3% per transaction. These fees can also apply to online purchases processed by an international bank, even if you were physically in the U.S. For example, you may be charged a foreign transaction fee when using your card at restaurants and hotels during a trip abroad. How to qualify for the Ink Business Preferred and Ink Business Premierįoreign transaction fees are additional charges applied by credit card issuers on purchases outside of the U.S. Who the Ink Business Preferred ® Credit Card is well suited for.Ink Business Preferred ® Credit Card benefits.Ink Business Premier℠ Credit Card benefits.What Ink Business cards don’t charge a foreign transaction fee?.
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