Chase IHG One Rewards Business
Chase, Mastercard, $200 annual fee. Earns IHG One Rewards, valued at 0.60¢ a point.
Rates checked against the issuer 2026-10. Foreign transaction fee: none.
The short version
- Best at: nothing in particular — no category puts it in the top three of the catalogue.
- A year's rewards: about $571, or $371 after the fee.
Is the annual fee worth it?
It earns about $571 a year on the illustrative household's spending, which is $371 once the fee is paid. The best card with no fee, American Express Blue Business Plus, nets $1,058 on the same spending — so this card is $688 a year behind. On earning alone it does not catch up at any level of spending this looks at — its credits and perks have to make up the difference, or the fee is not paying for itself.
Priced on an illustrative household spending $2,205 a month on a card — the assumption, in full. Credits and perks are not priced: they are worth their face value only if you would have spent that money anyway.
What it earns, category by category
| Earns on | Rate | ConditionsWhat the issuer attaches to this rate: a spending cap, a category you have to switch on, or a booking you have to make through its travel portal. |
|---|---|---|
| Hotels | 10x | IHG only. Hotels participating in IHG One Rewards |
| Gas Stations, Restaurants & Bars, Food Delivery | 5x | Gas stations and restaurants, including takeout and eligible delivery |
| Flights, Hotels, Vacation Rentals, Car Rental, Public Transit, Rideshare & Taxis, Parking & Tolls | 5x | Travel — through 31 December 2026; from 2027 only airline tickets bought directly and car rentals |
| Everything else | 3x |
Where a year's rewards come from
| Spending on | Earns a yearWhat this card earns on each kind of spending over a year, for the illustrative household on the method page. Before the annual fee. |
|---|---|
| Restaurants & Bars | $108 |
| Groceries | $108 |
| Everything Else | $108 |
| Gas Stations | $54 |
| Flights | $36 |
| Online Shopping | $32 |
Priced on an illustrative household spending $2,205 a month on a card — the assumption, in full. Credits and perks are not priced: they are worth their face value only if you would have spent that money anyway.
What the issuer lists besides rewards
- 5x also on social media and search engine advertising
Similar cards
- Chase World of Hyatt Business Card — annual fee $199 a year
- American Express Hilton Honors Business Card — annual fee $195 a year
- American Express Hilton Honors Surpass — annual fee $150 a year
- American Express Marriott Bonvoy Bevy — annual fee $250 a year
- Every hotel card, ranked
- When an annual fee pays for itself
- The best two- and three-card combinations
Point values: published industry valuations, read 2026-09. How every number here is worked out.