The new Chase Ink Premier business card comes with a Pay-Yourself-Back redemption bonus of 10%, according to Reddit user Agile–Travel. Currently, the Pay Yourself Back categories are internet, cable and phone purchases, through March 31, 2022.
The new card earns a flat 2% cashback on all purchases, and 2.5% on purchases above $5,000. Earnings are basically standard cashback and don’t have the increased value associated with the Chase Ultimate Rewards ecosystem. So it’s nice to see that this card is part of the Pay Yourself Back program which means that the earnings rate can potentially be spruced up to 2.20% on all purchases or 2.75% on purchases $5,000+.
The current categories aren’t especially interesting given that these utility charges typically can earn 5x flexible Ultimate Rewards points on other versions of the Chase INK business card, and you’d be giving up a chunk of rewards to get the PYB bonus. Still work it (if my quick math is accurate), but it’s not nearly a full 10% bonus after factoring in the lower rewards.
However, I do find this interesting to keep an eye out to the future – if there are other categories on PYB for the INK Premier card it could start making the card a little more interesting if the earning rates creep up to the 2.20% – 2.75% area. Also, the $1,000 signup bonus could then have the potential of being worth more like $1,100. As we noted in the original post, the main downside of this card is the $195 annual fee.
Source: doctorofcredit.com