Update 10/7/22: Live public application link (and here’s the press release)
Update 1/17/22: People with the card have confirmed you can’t transfer to travel partners or combine balances with other cards that can transfer to travel partners.
Update 1/4/22: There is now a count down on the waitlist page, card will launch in 35 days.
Update: The Chase press release states the card will launch in early 2022 officially, but rumors are it’ll be available to more starting this Friday. There is a waitlist that can be joined. The card does earn Chase Ultimate Rewards, but some outlets are reporting that the points can’t be combined with other Chase UR earning cards that can transfer to travel partners.
As rumored Chase has launched a new business card called the Chase Ink Business Premier card. The card has soft launched and is only available in branch currently and need a business relationship manager to be able to apply. It offers the following benefits & bonuses:
- $1,000 bonus cash back after $10,000 in spend within three months of account opening
- Card earns at the following rates:
- 2% cash back on all purchases
- 2.5% cash back on purchases of $5,000 or more
- 5% cash back on travel purchases through Chase Travel
- $195 annual fee, not waived first year
- Card is effectively a charge card, meaning you need to pay in full every month but then they offer ‘Flex For Business’ which is a pay over time feature meaning you can carry a balance like a traditional credit card.
- No foreign transaction fees
- No fees for additional employee cards
- Cell phone protection, up to $1,000 per year ($100 deductible)
The card itself will formally launch in January online. Overall the card looks pretty basic and doesn’t seem to be worth the $195, although the 2/2.5% earning rate could be attractive for those spending a lot. It’s not clear if this card is only good for cashback, or if it can be converted to Chase travel partners as well. Usually cards with annual fees can transfer so I’d be surprised if that wasn’t the case.
Hat tip to The Credit Shifu
Looking for other 2.5% cash back cards that are willing to extend large credit lines. Have some large business purchases. Any suggestions?
Honestly, if you are going to make $195/0.005 = $39,000 worth of transactions that are $5,000 or larger, this is a tough card to beat. You won’t be able to get the outsized benefit on travel for airline/hotel partners, but for a simple business card, this is very competitive.
Can’t use this card to pay income taxes. The 3 processors who are approved by the IRS can’t be reached and don’t respond to inquiries. They normally have terrible customer service but it’s now nonexistent. Chase says there is no problem but it doesn’t work. Wondering whether others have been successful in getting it to work. My Ink card worked last year.
Try with Paypal
How do you do that? Won’t you lose meeting the spending requirement? Thanks.
Why would you lose? Pay with the credit card via the Paypal system
The IRS doesn’t include Paypal for payments. It’s just your bank or one of 3 processing companies if using a credit/debit card.
There’s a PayPal option at each of the 3 processors. It might go through that way.
Good thinking but Paypal charges 2.9% +.30 transaction fee making it too expensive although it would work. That’s on top of the 1.85% charged by the processor.
Not sure where you got that from. That’s just wrong. It’s just the normal credit card fee by processor.
I wondered too so I called Paypal. Explained the exact transaction to them. They confirmed I would have to pay that fee. The total cost to me would have been around 4.75%.
Later I got the pay1040 site to work. Worked the first try Sunday after trying numerous times last Friday. They have no support either. Don’t answer their phone or reply to messages left.
You don’t pay that fee when you make a paypal payment of your taxes.
That PayPal fee is what you pay if you process payments from buyers… similar to other merchant accounts.
What I meant was you don’t pay the 2.9% PayPal fee as buyers/payers. It only applies when you are the seller accepting payment via PayPal.
I got a hold of another person at PayPal and they confirmed you are right and I was told incorrectly by the previous rep. Thanks.
is it possible to PC this to another ink? what happens to the points? would you be able to merge points after PCing?
Opened online today as sole proprietor in FL instantly approved.
What’s the point of making it a points card if it can’t transfer out
What a garbage card, a Chase Business Ink that doesn’t work with UR? Between 5/24 (which I am way under and still dont care) and everything else, everyone else (AMEX/Barclays/BOA/CAP) offer so much more.
Terrible running value after SUB when BoA will give you 2.625% on all purchases and 3.5% on travel with their Premium Rewards for Business. Lack of transfer partners kills this card.
How long did it take for your card to arrive? I’m still waiting after more than 10 days.
Update- card received.
Can the points be combined with Freedom? The post says can’t combine with cards that can transfer out to partners but freedom itself doesn’t transfer out
no they can’t
If you downgrade this card to a no fee business card, does that no fee card still come with 0% APR for 12 months?