The Premier's pitch is its base rate: 2% cash back on everything with no categories to track, rising to 2.5% on any single purchase of $5,000 or more, which is where a business with large invoices earns back the $195 annual fee. Travel booked through Chase Travel earns 5%, and there are no foreign transaction fees. The protections are unusually complete for a cash back card: up to $1,000 per cell phone claim, purchase protection up to $10,000 per item, an extra year of extended warranty, primary rental coverage up to $60,000 on business rentals, and employee cards at no cost. The $1,000 bonus asks for $10,000 of spend in three months, a higher bar than the no-fee Ink cards set. Note there is no intro APR and the regular rate runs 17.74% to 28.49%, so this is built for a business that pays in full every month.
Earn rates & credits
| Category | Rate |
|---|---|
Travel (via Portal) Travel booked through Chase Travel | 5% |
Transit On Lyft rides through September 30, 2027 (limited-time promo) Through Sep 30, 2027 | 5% |
Everything Else 2.5% on purchases of $5,000 or more per transaction | 2% |
| Benefit | Value |
|---|---|
Cell Phone Protection Up to $1,000 per claim (3 claims per 12 months, $100 deductible) when the monthly phone bill is paid with the card | $1,000 |
Card details
Regular APR | 17.74%–28.49% variable |
Foreign transaction fee | None |