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
Source: doctorofcredit.com