Card overview
This is a fantastic cashback earner card for businesses, and even greater for businesses that have a lot of transactions of $5,000 and over. Those purchases are eligible for 2.5% cashback, while you get 2% cashback on all other purchases. One drawback on the card is the fact that it’s a pay-in-full card, which means you must pay up the balance each month. There are transactions that may be eligible for Flex For Business which allows you to keep the balance from those purchases past the month’s end.
Credit
You will need good credit for this card. You will likely need to have a credit card open for over a year.
Reconsideration
If you apply for the card and get declined, you can call the reconsideration department to be reconsidered at 1-888-609-7805
Annual fee
$195
Card rewards
Earn 5% cashback on Chase Travel purchases
Earn 2.5% cashback on all purchases of $5,000 and up
Earn 2% cashback on all other purchases
Card benefits
Auto Rental Collision Insurance
Get primary coverage on car rentals that you rent for business purposes and on rentals outside your country of residence.
Get secondary coverage on car rentals that you rent for personal purposes.
You will get coverage for cars rented for up to 31 days. You must pay for the rental with your Ink Premium card in order to be eligible for coverage.
Baggage Delay Insurance
Get covered for essential items such as toiletries, clothing, and chargers for electronic devices, if your baggage is delayed for more than 6 hours.
Get up to $100 per day after the first 6 hours, and for each additional 24 hours that your baggage is delayed, for a maximum of 5 days.
You must pay for at least part of the trip with your Ink Premium card in order to be eligible for coverage. The cardholder, the cardholders immediate family members, and the employees of the business company the Ink Premier card is under, will be covered.
Cell Phone Protection
Get reimbursed if your cell phone gets lost or stolen. You will get reimbursed for cell phone repairs or replacement, for up to $1,000 per claim with a maximum of 3 claims per year.
This includes a $100 deductible per claim.
You must pay your monthly cell phone bill with your Ink Premium card in order to be eligible for coverage.
Extended Warranty Protection
Get up to a year of extended warranty on purchases you make inside and outside the U.S. The original manufacturer’s warranty time on the purchase will be matched, up to a year, and max $10,000 per claim and $50,000 per account.
You will only get coverage if the original warranty is for 3 years or less.
You must pay for at least part of the purchase with your Ink Premium card in order to be eligible for coverage.
Foreign Transaction Fee
There are no foreign transaction fees on this card.
Lost Luggage Reimbursement
Get reimbursed for carry-on and checked-in luggage that is lost, stolen, or damaged during a trip.
Get a max of $3,000 per person per trip. This includes a limit of $500 for jewellery and watches, and a limit of $500 for cameras and electronic equipment, per person per trip.
You must pay for at least part of the trip with your Ink Premium card in order to be eligible for coverage. The cardholder, the cardholders immediate family members, and the employees of the business company the Ink Premier card is under, will be covered.
Purchase Protection
Get reimbursed for replacements and repairs, or just reimbursed for new purchases that are stolen, damaged, or lost within 120 days from the date of purchase.
Get a max of $10,000 per claim and $50,000 per account.
You must pay for at least part of the purchase with your Ink Premium card in order to be eligible for coverage.
Roadside Assistance
Get help from a roadside assistance program when you call them. Services include standard towing for up to 5 miles, tire changing, jump start, lockout service, fuel delivery up to 5 gallons, and standard winching.
Each service has a fee.
You do not need to pre-enroll in order to be eligible for coverage.
Travel Accident Insurance
Get coverage for the loss of a limb, sight, speech, hearing, fingers, and loss of life if it occurs on a common carrier. Common carriers are motorized land, water, and air transportation vehicles that are operated by an organization to transport passengers for pay.
Get up to $500,000 per person.
You must pay for at least part of the trip with your Ink Premium card in order to be eligible for coverage. The cardholder, the cardholders immediate family members, and the employees of the business company the Ink Premier card is under, will be covered.
Trip Cancellation Insurance
Get covered a max of $5,000 per person and a max of $10,000 per trip if your trip is canceled or interrupted due to reasons which include but are not limited to; a medical emergency or severe weather conditions.
You must pay for at least part of the trip with your Ink Premium card in order to be eligible for coverage. The cardholder, the cardholders immediate family members, and the employees of the business company the Ink Premier card is under, will be covered.
Trip Delay Reimbursement
Get reimbursed up to $500 per person if your flight is delayed for more than 12 hours or requires you to stay overnight.
You can get covered for expenses such as meals, lodging, toiletries, and medication, and other personal use items.
You must pay for at least part of the trip with your Ink Premium card in order to be eligible for coverage. The cardholder, the cardholders immediate family members, and the employees of the business company the Ink Premier card is under, will be covered.