IHG® Rewards Premier Business Credit Card Review for 2023
This article is part of a larger series on Best Small Business Credit Cards.
IHG® Rewards Premier Business Credit Card from Chase is designed for business owners who travel frequently and stay primarily at IHG® Hotels & Resorts. It lets you earn premium rewards on expenses at IHG® Hotels & Resorts and receive automatic Platinum Elite status. It also offers a low annual fee, no foreign transaction fees, and anniversary bonuses.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
IHG One Rewards Premier Business Credit Card
BEST FOR:
Those who frequently stay at IHG® Hotels & Resorts
Intro APR
N/A
Regular APR
21.49% - 28.49% Variable
Annual Fee
$99
Credit Needed
- Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening.
- Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for a consecutive 4-night IHG® hotel stay.
- Earn up to 26 total points per $1 spent when you stay at IHG Hotels and Resorts
- Earn 5 points per $1 spent on purchases on travel, at gas stations, select advertising, and restaurants. Earn 3 points per $1 spent on all other purchases
- Automatic Platinum Elite status as long as you remain a Premier Business card member
- Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
- IHG One Rewards Bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®
- Member FDIC
Pros
- Offers premium rewards
- With a lucrative sign-up and anniversary bonuses
- Does not charge foreign transaction fees
Cons
- Has no 0% introductory APR
- With annual fees
Intro APR
N/A
Regular APR
21.49% - 28.49% Variable
Annual Fee
$99
Credit Needed
- Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening.
- Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for a consecutive 4-night IHG® hotel stay.
- Earn up to 26 total points per $1 spent when you stay at IHG Hotels and Resorts
- Earn 5 points per $1 spent on purchases on travel, at gas stations, select advertising, and restaurants. Earn 3 points per $1 spent on all other purchases
- Automatic Platinum Elite status as long as you remain a Premier Business card member
- Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
- IHG One Rewards Bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®
- Member FDIC
Pros
- Offers premium rewards
- With a lucrative sign-up and anniversary bonuses
- Does not charge foreign transaction fees
Cons
- Has no 0% introductory APR
- With annual fees
When evaluating travel rewards business credit cards like the IHG® Rewards Premier Business Credit Card, we first consider the ongoing rewards, introductory rewards, and additional card benefits. We also take into account the card’s annual fee, as well as the introductory and ongoing annual percentage rates (APRs).
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 25 |
Introductory Rewards | 25 | 25 |
Additional Features | 15 | 25 |
Annual Fee | 12 | 15 |
Introductory APR | 0 | 5 |
Ongoing APR | 3 | 5 |
Total Score | 75 | 100 |
Who the IHG® Rewards Premier Business Credit Card Is Best For
- Those who travel for business frequently: The card offers travel benefits such as no foreign transaction fees, Global Entry and TSA PreCheck® credit, and trip cancellation/interruption insurance. Plus, you can redeem points for miles with IHG’s partner airlines.
- Those who primarily stay at IHG® Hotels & Resorts: You can earn up to 26x points on purchases at IHG® Hotels & Resorts and redeem your rewards for hotel stays.
Check out our recommended alternatives below if this card isn’t what you’re looking for.
IHG® Rewards Premier Business Credit Card Fees
APRs
- Introductory: None
- Ongoing, balance transfer, and My Chase LoanSM: 21.49% – 28.49% variable, which adjusts with the prime rate
- Cash advance: 29.99% variable, which adjusts with the prime rate
- Penalty: Up to 29.99% variable, which adjusts with the prime rate; will be applied indefinitely if you fail to make a minimum payment by the due date or if your payment is returned
Specific Fees
- Annual: $99
- My Chase PlanSM (fixed finance charge): Monthly fee of 1.72% of either the amount of each eligible transaction or the amount selected to create a My Chase Plan
- Balance transfer: $5 or 5% of the amount of each transfer, whichever is greater
- Cash advance: $15 or 5% of the amount of each transaction, whichever is greater
- Foreign transaction: None
- Late and returned payments: $40
- Return check: None
Your due date is at least 20 days after the close of each billing cycle.
IHG® Rewards Premier Business Credit Card Rewards
- 140,000 bonus points after spending $3,000 on purchases in the first three months from account opening
- Up to 26x total points at IHG® Hotels & Resorts:
- 10x points with the IHG® Rewards Premier Business Credit Card
- Up to 10x points from IHG® for being an IHG® Rewards member
- Up to 6x points from IHG® with Platinum Elite Status, which you get as a cardmember automatically
- 5x total points on travel, dining, social media, and search engine advertising, office supplies, and gas
- 3x points per dollar spent on all other purchases
- $100 statement credit and 10,000 bonus points after spending $20,000 on purchases and making one additional purchase each calendar year
Platinum Elite Status
- Enjoy a free night’s stay at IHG hotels worldwide after each account anniversary year.
- Get your fourth night free when you redeem points for a four-night consecutive IHG® hotel stay.
- Save 20% after purchasing points with your IHG® Rewards Premier Business Credit Card
You can use your points for a free night’s stay at any of its 6,000-plus destinations worldwide or for airline miles with IHG’s partner airlines. You can also shop the IHG’s online catalog of brand-name products and gift cards using points or redeeming for magazine subscriptions, e-books, games, music, and movies. You can also redeem your rewards for donations to any of IHG’s nonprofit partners.
How To Make Payments on the IHG® Rewards Premier Business Credit Card
- Online or Chase Mobile® app: Go to chase.com/paycard to make a payment online. You can also enroll in automatic payments through the website or iOS or Android mobile app. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay—such as your statement balance, minimum payment due, or any fixed amount.
- Phone: Call the automated phone service at (800) 436-7958.
- Western Union: Use the Code City WALNUT when paying via Western Union. It may take up to seven days for the payment to be reflected in your account.
- In-person: Go to the nearest Chase ATM or branch.
- Mail or money order: Include your name and full account number on your check or money order—don’t send cash. Mail your payment to the following address:
Cardmember Services
PO Box 6294
Carol Stream, IL 60197-6294
IHG® Rewards Premier Business Credit Card Features
- Platinum Elite status: You can receive automatic Platinum Elite status with your IHG® Rewards Premier Business Credit Card. You’ll keep this status as long as you’re a Premier Business card member and your IHG® Rewards membership account remains in good standing.
- Purchase protection: Get insurance coverage on your new purchases for 120 days against damage or theft. Coverage is limited to a maximum of $10,000 per claim and $50,000 per account. Restrictions, limitations, and exclusions apply. Refer to the Guide to Benefits, which includes a full explanation of coverages.
- Trip cancellation/interruption insurance: If your trip gets canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $1,500 per person and $6,000 per trip for your prepaid, nonrefundable travel expenses, including passenger fares, tours, and hotels. Restrictions, limitations, and exclusions apply. Refer to the Guide to Benefits, which includes a full explanation of coverages.
- Global Entry, TSA PreCheck®, or NEXUS statement credit: Receive a statement credit of up to $100 every four years as reimbursement for the application fee for Global Entry, TSA PreCheck®, or NEXUS.
IHG® Rewards Premier Business Credit Card Alternatives
Bank of America® Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend.
- No limit to the amount of points you can earn and points don't expire.
- You can earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: This is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory APR only applies to purchases
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend.
- No limit to the amount of points you can earn and points don't expire.
- You can earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: This is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory APR only applies to purchases
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
- Bank of America® Business Advantage Travel Rewards World Mastercard® is a great choice if you travel and stay at different hotels regularly and want an interest-free financing period
- Has a 0% introductory APR on purchases for the first nine billing cycles
- Has an introductory bonus of 30,000 after spending at least $3,000 in purchases within the first 90 days after account opening—can be redeemed via a $300 statement credit
- Lets you earn 3x points for every dollar spent when you book a rental car, hotel stay, or airfare through the Bank of America® Travel Center and unlimited 1.5x points for every dollar you spend on all other purchases
- Is our leading business credit card with no foreign transaction fees and one of our preferred business credit cards with airport lounge access and business credit cards for travel
Marriott Bonvoy Business® American Express® Card
Marriott Bonvoy Business® American Express® Card
BEST FOR:
Owners who choose to stay at Marriott Bonvoy hotels
Intro APR
N/A
Regular APR
20.99% - 29.99% Variable
Annual Fee
$125
Credit Needed
Good, Excellent
- Limited Time Offer: Earn 125,000 Bonus Marriott Bonvoy Points after you use your new Card to make $8,000 in purchases within the first 6 months of Card Membership. Offer Ends 11/1/23.
- Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly through Marriott. Terms and Conditions Apply.
- 6x Marriott Bonvoy points on each dollar of eligible purchases at hotels participating in the Marriott Bonvoy® program.
- 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
- 2x points on all other eligible purchases.
- Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
- Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card.
- Terms apply.
Pros
- Complimentary Marriott Bonvoy Gold Elite status
- No foreign transaction fees
- Premium rewards points
Cons
- Charges an annual fee
- No introductory 0% APR
- Balance transfers aren't allowed
- Baggage insurance: Covers the loss of any checked or carry-on baggage in direct transit from a common carrier or terminal; coverage is limited to $1,250
- Purchase protection: Covers purchased items from theft or damage for the first 120 days from purchase; coverage is limited to $10,000 per claim and $50,000 per year
- Extended warranty protection: Offers up to an additional two years of warranty coverage on US manufacturers’ warranties of five years or less
- Gold Elite status: Enjoy complimentary Marriott Bonvoy Gold Elite status with your Card
Intro APR
N/A
Regular APR
20.99% - 29.99% Variable
Annual Fee
$125
Credit Needed
Good, Excellent
- Limited Time Offer: Earn 125,000 Bonus Marriott Bonvoy Points after you use your new Card to make $8,000 in purchases within the first 6 months of Card Membership. Offer Ends 11/1/23.
- Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly through Marriott. Terms and Conditions Apply.
- 6x Marriott Bonvoy points on each dollar of eligible purchases at hotels participating in the Marriott Bonvoy® program.
- 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
- 2x points on all other eligible purchases.
- Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
- Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card.
- Terms apply.
Pros
- Complimentary Marriott Bonvoy Gold Elite status
- No foreign transaction fees
- Premium rewards points
Cons
- Charges an annual fee
- No introductory 0% APR
- Balance transfers aren't allowed
- Baggage insurance: Covers the loss of any checked or carry-on baggage in direct transit from a common carrier or terminal; coverage is limited to $1,250
- Purchase protection: Covers purchased items from theft or damage for the first 120 days from purchase; coverage is limited to $10,000 per claim and $50,000 per year
- Extended warranty protection: Offers up to an additional two years of warranty coverage on US manufacturers’ warranties of five years or less
- Gold Elite status: Enjoy complimentary Marriott Bonvoy Gold Elite status with your Card
- Marriott Bonvoy Business® American Express® Card is an excellent option for business owners who prefer to stay at Marriott Bonvoy hotels, including all of the previous Starwood Preferred Guest and Ritz-Carlton properties
- Lets you earn 6x points per dollar on purchases at participating hotels in the Marriott Bonvoy® Program; 4x points for purchases made at restaurants worldwide, at United States gas stations, on wireless telephone services purchased directly from US service providers, and on US purchases for shipping; and 2x points on all other purchases
- Lacks a 0% introductory APR
- Charges an annual fee of $125
- Is one of our top credit cards with no foreign transaction fees and business credit cards for travel
Hilton Honors American Express Business Card
The Hilton Honors American Express Business Card
BEST FOR:
Maximizing rewards on Hilton-related purchases
Intro APR
N/A
Regular APR
20.99% - 29.99% Variable
Annual Fee
$95
Credit Needed
Good, Excellent
- Welcome Offer: Earn 130,000 Hilton Honors Bonus Points after you spend $3,000 in purchases on the Hilton Honors Business Card within the first three months of Card Membership.
- Earn Hilton Honors Bonus Points for each dollar of eligible purchases on your Card: 12X directly with hotels and resorts in the Hilton portfolio, 6X at U.S. gas stations, on U.S. purchases for shipping, on wireless telephone services purchased directly from U.S. service providers, on flights booked directly with airlines or with Amex Travel, on car rentals booked directly from select car rental companies, and at U.S. restaurants, 3X on all other eligible purchases.
- Enjoy complimentary Hilton Honors™ Gold Status with your Hilton Honors Business Card.
- Earn a Free Night Reward from Hilton Honors after you spend $15,000 in purchases on your Card in a calendar year.
- Earn another Free Night Reward from Hilton Honors after you spend an additional $45,000 in purchases on your Card in the same calendar year.
- Terms apply.
Pros
- Charges a low annual fee
- Doesn’t have foreign transaction fees
- Offers a sign-up bonus
Cons
- Has poor redemption options outside of hotel stays
- Lacks an interest-free financing option
- Complimentary Priority Pass Visits: Get 10 complimentary visits to more than 1,200 airport lounges every year with Priority Pass™ Select Membership.
- Upgrade to Diamond Status: Earn an upgrade to Hilton Honors Diamond Status through the end of the next calendar year after spending $40,000 on eligible purchases.
- Baggage insurance plan: Coverage is provided for cardholders for up to $1,250 for carry-on baggage and up to $500 for checked baggage, in excess of coverage provided by the covered carrier. For New York state residents, a $10,000 aggregate maximum limit is provided for all covered persons per covered trip.
- Extended warranty: Terms of the original manufacturer’s warranty can be extended up to one additional year. Applies to warranties of five years or less on covered purchases.
Intro APR
N/A
Regular APR
20.99% - 29.99% Variable
Annual Fee
$95
Credit Needed
Good, Excellent
- Welcome Offer: Earn 130,000 Hilton Honors Bonus Points after you spend $3,000 in purchases on the Hilton Honors Business Card within the first three months of Card Membership.
- Earn Hilton Honors Bonus Points for each dollar of eligible purchases on your Card: 12X directly with hotels and resorts in the Hilton portfolio, 6X at U.S. gas stations, on U.S. purchases for shipping, on wireless telephone services purchased directly from U.S. service providers, on flights booked directly with airlines or with Amex Travel, on car rentals booked directly from select car rental companies, and at U.S. restaurants, 3X on all other eligible purchases.
- Enjoy complimentary Hilton Honors™ Gold Status with your Hilton Honors Business Card.
- Earn a Free Night Reward from Hilton Honors after you spend $15,000 in purchases on your Card in a calendar year.
- Earn another Free Night Reward from Hilton Honors after you spend an additional $45,000 in purchases on your Card in the same calendar year.
- Terms apply.
Pros
- Charges a low annual fee
- Doesn’t have foreign transaction fees
- Offers a sign-up bonus
Cons
- Has poor redemption options outside of hotel stays
- Lacks an interest-free financing option
- Complimentary Priority Pass Visits: Get 10 complimentary visits to more than 1,200 airport lounges every year with Priority Pass™ Select Membership.
- Upgrade to Diamond Status: Earn an upgrade to Hilton Honors Diamond Status through the end of the next calendar year after spending $40,000 on eligible purchases.
- Baggage insurance plan: Coverage is provided for cardholders for up to $1,250 for carry-on baggage and up to $500 for checked baggage, in excess of coverage provided by the covered carrier. For New York state residents, a $10,000 aggregate maximum limit is provided for all covered persons per covered trip.
- Extended warranty: Terms of the original manufacturer’s warranty can be extended up to one additional year. Applies to warranties of five years or less on covered purchases.
- Hilton Honors American Express Business Card is a great alternative if you frequently stay at Hilton properties
- Lets you earn 12x points per dollar spent on purchases made directly with hotels and resorts in the Hilton portfolio; 6x points per dollar spent each on selected travel and business purchases; and 3x points per dollar spent on all other eligible purchases
- Doesn’t have a 0% introductory APR
- Charges an annual fee of $95
- Is one of our preferred business credit cards with airport lounge access and business credit cards for travel
For more options, see our guides on the best Chase business credit cards and best small business credit cards.
Bottom Line
If you prefer to stay at IHG® Hotels & Resorts when traveling, the IHG® Rewards Premier Business Credit Card from Chase can help you make the most out of your business expenses through lucrative rewards. It provides a variety of redemption options, so you can use your points depending on what your business needs. Note that there are other business credit cards for hotels you frequently stay at and those that provide an interest-free financing period.
