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

IHG Rewards Premier Business Credit Card

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Highlights
Purchase APR  (Variable APR) 20.24% - 27.24%
(Verified 01/18/2023)
Balance Transfer APR  (Variable APR) 20.24% - 27.24%
(Verified 01/18/2023)
Credit Score Range 690 - 850
Annual Fee $99

IHG Rewards Premier Business Credit Card Review

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.
  • Does not report to credit bureaus.
  • Charges a 5% balance transfer fee.
  • Does not include many credit card benefits.

IHG Rewards Business FAQ

Who is IHG Rewards Business designed for?

This is a credit card issued by Chase Bank.

This business card is designed for small business owners with good credit. The minimum credit score to apply is 690.

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. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Advertising Services
  • Airfare
  • Amazon.com
  • Car Rentals
  • Internet, Cable and Phone Services
  • Drug Stores
  • Education
  • Every Purchase
  • Furniture
  • Gas stations
  • Groceries
  • Gyms
  • Home Improvement
  • Hotels
  • Insurance
  • Office Supply Stores
  • Restaurants
  • Retail
  • Shipping
  • Software, Hardware, Cloud
  • Utilities
  • Warehouse Clubs

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 customerdepartament@chase.com.

How to apply?

  • Visit the Chase Bank .
  • 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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Contact

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

Icon for Business Credit Cards
View all business credit cards offered by Chase Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • 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.
Rewards Categories
  • 5x Points on Travel up to $1
  • 5x Points on Gas up to $1
  • 5x Points on Restaurants up to $1
  • 3x Points on Every Purchase up to $1
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 01/18/2023)
Balance Transfer Fee % 5%
Balance Transfer Fee Minimum $5
Balance Transfer APR (Variable APR) 20.24% - 27.24%
(Verified 01/18/2023)
Card Network Mastercard
Card Type
  • Rewards

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