Ink Enterprise Premier is the newest enterprise card from Chase. It’s not the best enterprise card from Chase.

No, it’s not a horrible product. It’s a great match for enterprise house owners with comparatively excessive spending wants, significantly those that make massive purchases all year long. Nevertheless it has some key disadvantages to different Chase enterprise playing cards, together with a excessive annual price and a wonky rewards program that provides much less worth than it ought to.

Have been I out there for a brand new enterprise card, I wouldn’t apply for Ink Enterprise Premier. You may, although — so let’s stroll via its upsides and disadvantages collectively.

What Is the Ink Enterprise Premier Card?

The Ink Enterprise Premier Card is a small-business cost card with a beneficiant cash-back rewards scheme and a very good sign-up bonus. Its spending restrict is greater in case you pay in full every month, however many purchases are eligible for Chase’s Flex for Marketing strategy, which helps you to pay for purchases over time (with curiosity).

Like different Chase cash-back playing cards, Ink Enterprise Premier participates within the Final Rewards program, which helps you to redeem for money, Amazon purchases, journey, reward playing cards, and extra. 

Nonetheless, you may’t mix factors earned together with your Ink Enterprise Premier card with factors earned on different Chase playing cards. Which means you may’t earn a redemption bonus on them in case you have an eligible Chase card like Chase Sapphire Reserve or Sapphire Most well-liked. You can also’t switch factors earned with Premier to Chase journey companions, the place they’re usually value extra at redemption.

Ink Enterprise Most well-liked has a $195 annual price, greater than different Chase enterprise playing cards. There’s no price for extra worker playing cards, nonetheless.

What Units the Ink Enterprise Premier Card Aside?

Ink Enterprise Premier stands out from the remainder of Chase’s spending card lineup — and from most different issuers’ too — for 3 causes:

• Pay in Full By Default. Ink Enterprise Premier is Chase’s solely cost card, and considered one of just a few well-known cost playing cards in the marketplace proper now. That’s actually a promoting level in case you have the money circulate to keep away from carrying balances from month to month.
• Increased Money-Again Price on Massive Purchases. Ink Enterprise Premier pays 2.5% money again on particular person purchases over $5,000 (versus 2% on purchases below $5,000). If what you are promoting tends to make fewer, bigger purchases or simply greater purchases normally, this makes a significant distinction over time.
• Wonderful Cell Telephone Safety Profit. This profit isn’t distinctive to Ink Enterprise Premier, however its worth is best than some other enterprise playing cards’. It’s value as much as $1,000 per declare, minus a $100 deductible per declare, and applies to as many as three claims per 12 months. Regular limits are extra like $600 per declare and not more than two claims per 12 months.

Key Options of the Ink Enterprise Premier Card

These are an important options of the Ink Enterprise Premier card. Word the superb sign-up bonus, above-average cash-back incomes price, and the principles round paying your steadiness in full vs. carrying balances from month to month.

Signal-Up Bonus

Ink Enterprise Premier has a superb sign-up bonus for brand spanking new cardmembers: Earn $1,000 bonus money again after making $10,000 in purchases within the first three months from account opening.

You’ll have to spend about $3,334 monthly to earn it, however that must be doable in case you run a rising enterprise with plenty of stock or tools wants.

Incomes Money-Again Rewards

Ink Enterprise Premier has a three-tiered rewards program that’s significantly beneficiant for enterprise vacationers and large spenders:

• Earn limitless 5% money again on journey bought via the Final Rewards journey portal (Chase Journey)
• Earn limitless 2.5% money again on particular person purchases totaling $5,000 or extra
• Earn limitless 2% money again on all different eligible purchases

Money again accrues as Final Rewards factors, that are value as much as $0.01 apiece at redemption. Factors don’t expire so long as your account stays open and in good standing.

Redeeming Money-Again Rewards

One of the best ways to redeem your factors is for money, both as assertion credit or checking account deposits. This selection values your factors at $0.01 apiece.

Different choices embody journey, reward playing cards, and Amazon purchases. Keep away from Amazon redemptions if doable, as they reduce level values to $0.008 apiece.

Pay-in-Full Choice

Ink Enterprise Premier is technically a cost card, which implies the default possibility is to pay your invoice in full every month. Your credit score restrict is greater on pay-in-full purchases, so you need to attempt to do that in case you can afford it. And in case you want to hold balances from month to month as a consequence of insufficient or uneven money circulate, take into account one other bank card.

Flex for Enterprise Choice (Carried Balances)

Chase might elect to put aside a portion of your credit score restrict as “Flex for Enterprise.” You’ll be able to pay for Flex for Enterprise purchases over time, as you’ll with a daily bank card. Like a daily bank card, Flex for Enterprise purchases accrue curiosity, so attempt to decrease its use if in any respect doable.

Cell Telephone Safety Profit

Cellular phone safety is not a novelty within the bank card world, however Ink Enterprise Premier goes above and past. Its safety plan guarantees as much as $1,000 in protection per declare (minus a $100 deductible per declare) on as much as three claims per 12 months.

This profit applies to no matter units your Ink Enterprise Premier card pays the payments on. In case you difficulty telephones to all of your workers, throw them on the cardboard and take full benefit of the coverage.

Journey Advantages

Ink Enterprise Premier has a regular lineup of journey advantages and protections:

• Journey cancellation and interruption insurance coverage
• Journey delay reimbursement
• Baggage delay insurance coverage
• Rental automotive collision harm waiver 
• Journey and emergency help providers, like roadside dispatch

To say the insurance coverage and reimbursement advantages, together with rental automotive protection, you’ll have to cost related bills to your card. Which means private journey bills are out of attain except you cost them to a private bank card with comparable advantages.

Essential Charges

Ink Enterprise Premier’s annual price is $195. Worker playing cards don’t price further, irrespective of what number of you order, and there’s no international transaction price.

Credit score Required

The Ink Enterprise Premier Card requires good to glorious credit score. If what you are promoting is comparatively new, chances are you’ll want to use utilizing your private credit score rating, that means you’ll have to personally assure your costs.

Benefits of the Ink Enterprise Premier Card

These are Ink Enterprise Premier’s prime promoting factors.

• Excellent Signal-Up Bonus. Ink Enterprise Premier has probably the greatest sign-up bonuses within the enterprise bank card house. It’s not too tough to acquire for moderate-spending companies, both.
• 5% Money Again on Eligible Chase Journey Purchases. Like most different Chase playing cards, Ink Enterprise Premier earns 5% money again on eligible Chase Journey bookings. That’s a perk for frequent enterprise vacationers (and comfort for the dearth of journey switch companions right here).
• 2.5% Money Again on Purchases Better Than $5,000. Ink Enterprise Premier actually shines on massive purchases. You’ll earn 2.5% money again on all purchases over $5,000, with no limits on how a lot you may earn.
• Robust Baseline Money-Again Price. Ink Enterprise Premier additionally earns limitless 2% money again at a baseline, in keeping with different prime enterprise bank cards.
• Wonderful Cell Telephone Safety Profit. Ink Enterprise Premier has the perfect mobile phone safety good thing about any enterprise bank card I’ve seen. If what you are promoting has a number of cell telephones, three claims per 12 months isn’t unreasonable.
• Choice to Pay in Full or Carry a Steadiness. Ink Enterprise Premier is “pay in full” by default, but it surely gives the pliability to hold a steadiness on particular purchases with the Flex for Marketing strategy. The tradeoff: Your spending restrict is decrease with Flex for Enterprise.
• No Price for Worker Playing cards. You by no means need to pay further for worker playing cards with Ink Enterprise Premier. Good news in case you belief your workers sufficient to cost on the corporate’s dime.

Disadvantages of the Ink Enterprise Premier Card

Take into account these drawbacks earlier than you apply for the Ink Enterprise Premier Card. Clearly, it’s not for everybody.

• $195 Annual Price. Ink Enterprise Premier has a $195 annual price. That’s a cinch to offset in case you spend greater than $10,000 every year and pay your steadiness in full every month. If what you are promoting price range is smaller, take into account a no-annual-fee enterprise card.
• Doesn’t Play Good With Different Chase Playing cards. Ink Enterprise Premier stands alone within the Chase ecosystem. You’ll be able to’t switch factors earned right here to different Chase playing cards, the place they could be value as much as 50% extra at redemption. Your factors’ redemption worth tops out at 1% right here.
• No Journey Switch Companions. You can also’t switch your factors to any of Chase’s greater than 15 journey companions, which embody main airways and hospitality households. The best switch can increase your factors’ redemption worth by 200% or extra and slash what you are promoting journey prices within the course of.

How Ink Enterprise Premier Stacks Up

See how Ink Enterprise Premier compares to a different common Chase enterprise card: the Chase Ink Enterprise Money Credit score Card.

Different Options to Take into account

In case you’re undecided Ink Enterprise Premier or Ink Enterprise Money are best for you, take into account these different small-business card choices.