Chase Ink Premier Card, 10% Pay-Yourself-Back Bonus Categories
Chase recently launched a new charge card, the only on in its portfolio. The Chase Ink Business Premier is available in branch only for now for select customers, but it will become available to everyone soon.
This is a card with a big welcome bonus of $1,000 but the downside is that it’s part of the Ultimate Rewards ecosystem. The card also has a $195 annual fee. It earns 2% back on every purchase and 2.5% total back on every purchase of $5,000 or more. Plus you get 5% total back on travel purchased through Chase Ultimate Rewards. So it’s mainly just a 2% cash back business card.
However, the card has one of the features that we see on Ultimate Rewards earning cards. You can get Pay Yourself Back redemption bonus of 10%. The Pay Yourself Back categories for the Chase Ink Business Premier card include are internet, cable and phone purchases, through March 31, 2022.
The Pay Yourself Back tool is a good option to get more value for Ultimate Rewards points. But it is an option for the Ink Business Premier card as well.
These are not the best categories, and there are other Chase cards out there that earn you good rates. But the fact that Pay Yourself Back is an option on the card with a 10% bonus, could make Chase Ink Business Premier more valuable. The added 10% earns means that you can earn 2.20% on all purchases and 2.75% cash back total on purchases of $5,000 or more.
Hopefully we see some better categories going forward.
HT: Doctor of Credit