IHG Rewards Premier Business Credit Card
IHG Rewards Premier Business Credit Card Claimed

IHG Rewards Premier Business Credit Card

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Purchase APR  (Variable APR) 20.24% - 27.24%
(Verified 08/04/2023)
Balance Transfer APR  (Variable APR) 20.24% - 27.24%
(Verified 08/04/2023)
Annual Fee $99
Credit Score Range 690 - 850

IHG Rewards Premier Business Credit Card Review

This is a rewards card issued by Chase Bank. If you're wondering whether IHG Rewards Business is the right card for you, read on.

Key Takeaways

  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 20.24% up to 27.24%.
  • 5% Balance transfer fee. IHG Rewards Premier Business Credit Card charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Good or better credit required. You will have low approval odds if your credit score is below 690.

Pros & Cons of IHG Rewards Business

The Good The Bad
  • No foreign transaction fee.
  • Cardholders can earn rewards on their purchases.
  • Higher than average purchase APRs.
  • You need good credit to qualify.
  • Charges an annual fee of $99
  • Does not offer a signup bonus.
  • You don't earn rewards on every purchase.
  • Does not report to credit bureaus.
  • Charges a 5% balance transfer fee

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 20.24% up to 27.24%. The card has a variable balance transfer APR that ranges from 20.24% up to 27.24%.

It also has a variable cash advance APR of 29.24%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business card does not offer an introductory rate on new purchases.

IHG Rewards Business Rates & Terms
Purchase APR 20.24% - 27.24%
Balance Transfer APR 20.24% - 27.24%
Cash Advance APR 29.24%
Penalty APR 29.99%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $99.
  • A late payment penalty of up to $40.
  • A returned payment fee of up to $40.

Does it charge a foreign transaction fee?

This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

IHG Rewards Business Fees
Fees Amount
Annual Fee $99
Foreign Transaction Fee 0%
Balance Transfer Fee 5%
Minimum Balance Transfer Fee $5
Returned Payment Fee up to $40
Late Payment Fee up to $40

Does it offer a cash back or rewards program?

Yes, IHG Rewards Business offers a rewards program to its customers.

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

What is the customer service phone number?

The customer service number for this business card is (877) 242-7372.

What is the support contact email?

The support contact email for this business credit card is

How to apply?

  • Visit the IHG Rewards Premier Business Credit Card website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Chase Bank

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View all business credit cards offered by Chase Bank

Other Business Credit Cards by Chase Bank



  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $99
Cash Advance Fee (%) 5%
Cash Advance Fee Minimum $15
Foreign Currency Transaction Fee 0%
Late Fee Amount Up to $40
Minimum Cash Advance Fee ($) $15
Minimum Interest Charge $0
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 20 days
Returned Payment Fee Up to $40
Customer Type Business
Credit Score Range 690 - 850
Bonus Rewards Earn 140,000 bonus points after you spend $3,000 on purchases in the first 3 months from account opening.
APR Type Variable APR
Cash Advance APR (Variable APR) 29.24%
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 20.24% - 27.24%
(Verified 08/04/2023)
Balance Transfer Fee % 5%
Balance Transfer Fee Minimum $5
Balance Transfer APR (Variable APR) 20.24% - 27.24%
(Verified 08/04/2023)
Card Network Mastercard
Card Type
  • Rewards

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