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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: Milan Markovic/Getty Images November 07, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Andy Shuman is a contributing writer to Bankrate. He is a New York-based freelance writer with strong expertise in consumer credit and travel loyalty programs. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Bankrate logo The Bankrate promise
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Welcome bonus
The comes with a welcome bonus of $1,000 in cash back after spending $10,000 in the first three months of account opening. This spending requirement isn’t normally a big hurdle for business owners to overcome. Rewards rates
The Ink Business Premier’s rewards rates are rather straightforward and generous: 5 percent cash back on travel booked through Chase travel portal 2.5 percent cash back on purchases over $5,000 2 percent cash back on all purchases under $5,000 Redeeming rewards
You can for cash, gift cards or travel through the Chase portal, or pay with points for select products and services. However, using points through third-party vendors usually provides a poor value — less than one cent per point. We recommend that you cash your points out at a 1:1 value whenever possible. Flex for Business
The Ink Business Premier is technically a that you’re supposed to pay in full every billing cycle. However, this card comes with Flex for Business, a feature that allows you to pay off eligible purchases over time. These payments will incur interest, but it’s nice to have a safety net for your business whether you use the feature or not. Travel benefits
Although the Ink Business Premier isn’t geared toward frequent travelers, it comes with and benefits like trip cancellation/interruption insurance, an auto rental collision damage waiver, trip delay reimbursement, baggage delay insurance, travel and emergency assistance services, roadside dispatch and no . Shopping and travel protection benefits
The Ink Business Premier comes with a suite of protection benefits, some of which are standard benefits, such as fraud protection, zero liability protection, purchase protection and extended warranty protection. Other benefits are more valuable, like cellphone protection. With this benefit, you (and employees on your monthly cellphone bill) will be covered against damage or theft for up to $1,000 per claim (with a maximum of three claims in a 12-month period and a $100 deductible per claim). Maximizing the Chase Ink Business Premier
Get 2 5 percent cash back on large purchases
When you’re working on meeting the $10,000 for the welcome bonus, your best bet is to make two purchases of at least $5,000 each within the first three months. Since you’ll get 2.5 percent cash back for every purchase of $5,000 or more, spending the first $10,000 this way will help you earn $250 in cash back and the $1,000 welcome bonus. That more than covers your $195 for the first year. When booking travel go to the Chase portal first
Check the first to see whether or not it offers competitive travel prices. If you’re able to book travel through the portal, you’ll get an unlimited 5 percent cash back. The bottom line
Small-business owners who are primarily interested in cash back may like the simplicity of the , along with its high welcome bonus and good-to-excellent earning rates. Plus, this card offers decent shopping and travel protection benefits. The main downside is the $195 annual fee. However, travelers who want to might want to opt for the instead. This card comes with an equally-impressive welcome bonus, good earning rates and a 25 percent boost on points redeemed for Chase travel — all for a lower annual fee of $95. SHARE: Andy Shuman is a contributing writer to Bankrate. He is a New York-based freelance writer with strong expertise in consumer credit and travel loyalty programs. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Related Articles