There is a new Chase Ink card coming out soon. The Chase ink cards are some of the best out there and everyone was excited. The Chase Ink Business Cash has the best no fee card on the market and one of the biggest welcome offers. A Chase ink business premier would be better than all of them. It has the same name as it is. I don't think the information on the card looks great in my opinion. The World of Hyatt Business card was the second dud from the Chase business team. I will give you my thoughts on the Chase ink business premier details.

You can get the card online, but you would be better off with one of the other cards.

Chase Ink Business Premier Details

The Chase Ink Business premier is here.

Welcome Offer & Annual Fee

  • Type of card: Business
  • Card issuer: Chase
  • Application rules to follow: cannot open this card if you have opened more than 5 credit cards in the last 24 months, no more than 2 credit cards in 30 days from Chase (see bank rules here)
  • Spending requirements: $10,000 in 3 months of account opening.
  • Welcome offer: 100,000 points (not Ultimate Rewards) worth $1,000
  • Annual fee: $195

Existing Chase Business customers should be able to use the card online in early 2022. It's possible that it could be released on Friday.

Chase Ink Business Premier Details

Earning Structure

  • 2% back on every purchase.
  • 2.5% total back on every purchase of $5,000 or more.
  • 5% total back on travel purchased through Chase Ultimate Rewards.

Other Card Details

The Chase Ink Business premier is not a credit card. It needs to be paid in full every month. The Amex Platinum and Amex Gold act the same way.

Chase Ink Business Premier Details

Why I Am Not A Chase Business Premier Fan

The card has the highest annual fee of any of the cards. The least amount of perks is offered by it. Valuable Ultimate rewards are not earned by the ink premier. The card has cash back. You can redeem points for travel through the portal and on gift cards, but they still give you 1 cent per point. There isn't any reason to use either option. Simply cash the points out and book the travel, or buy the gift cards with another credit card to earn even more points.

It is one of the only Chase branded products that does not have Ultimate rewards. You can combine points with an annual fee card on the Chase Freedom Flex and the Chase Ink Business Cash. That is not an option with this card.

If you have more than $5K in purchases, you could earn 2.5% back on your Capital One card. How many people are in that hole?

Chase Ink Business Premier Details – Final Thoughts

I don't know who the target market is for this card. The break even point for Ultimate rewards is 1.5 cents per point, so if you valued it at 1.5 cents per point you'd get 2% back.

We have seen Chase trying some new things of late, with the Aeroplan Card for sure. Maybe this is more of that, trying to see if they can break into other areas.  I just don’t see what competition they are going after?  I guess the Capital One cardholders but this doesn’t seem to be an improvement. If it earned Ultimate Rewards then that would be a different conversation.

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Capital One Venture increased their welcome offer by 75k.

Capital One Venture is increasing their offer. You can earn 75,000 miles after spending $4000 in the first 3 months of your card's existence. Venture will give you 2X miles on all purchases and Capital One travel. Cash back and transfer to travel partners can be done with points.

Learn more about this card and its features!