Chase Business Credit Cards Review - Interest and Rewards
- Amir Towns
- May 10, 2023
- 15 min read
Updated: Jun 2, 2023
Chase business credit cards are an excellent option for business owners looking to manage their finances and earn rewards. One of the most popular options is the Chase Ink Business Unlimited Credit Card, which comes with an introductory APR offer for new cardholders.
The introductory APR period can be a valuable tool for businesses looking to save money on interest charges. After the intro period, the card's regular APR will apply to any remaining balance. This means that businesses should aim to pay off their balance during the introductory period to maximize their savings.
In addition to the introductory APR offer, Chase business credit cards provide valuable rewards and benefits for business owners. The Chase Ink Business Unlimited Credit Card offers unlimited 1.5% cash back on every purchase made with the card. This can add up quickly, especially for businesses that make frequent purchases.
Another benefit of Chase business credit cards is that they come with a variety of tools and resources designed specifically for small businesses. For example, cardholders have access to online account management tools that allow them to track expenses and monitor employee spending.
Rewards and Benefits of Chase Business Credit Card
Rewards Program: Earn Points for Every Dollar Spent
Chase Business Credit Card offers a rewards program that allows cardholders to earn points for every dollar spent on eligible purchases. The rewards rate varies depending on the type of card, but it can range from 1% to 5% cash back or points per dollar spent. This means that the more you spend, the more rewards you can earn.
One of the most popular rewards programs offered by Chase Business Credit Card is the Ultimate Rewards program, which allows cardholders to redeem points for travel, merchandise, gift cards, and more. For example, if you have a Chase Ink Business Preferred Credit Card, you can earn 3 points per dollar spent on travel and other business expenses such as shipping costs and internet advertising. You can then redeem these points for travel through the Chase Ultimate Rewards portal at a value of 1.25 cents per point.
To qualify for a Chase Business Credit Card, applicants typically need to have excellent credit. This means having a credit score of at least 700 or above. If you meet this requirement and are approved for a Chase Business Credit Card, you'll be able to take advantage of its rewards program and start earning points right away.
Rewards Program Agreement: Review Before Signing Up
Before signing up for a Chase Business Credit Card, it's important to review the rewards program agreement to understand how points are earned and redeemed, as well as any fees or restrictions that may apply. Some cards may have limits on how many points you can earn in certain categories or during specific time periods.
For example, if you have a Chase Ink Cash Credit Card, you can earn 5% cash back (up to $25,000 annually) on office supply stores and internet/cable/phone services combined; 2% cash back (up to $25,000 annually) at gas stations and restaurants combined; and 1% cash back on all other purchases. However, if you exceed the $25,000 limit in any category within a year, you'll only earn 1% cash back for the remainder of that year.
Welcome Bonus: Extra Incentive for New Cardholders
Many Chase Business Credit Cards also offer a welcome bonus for new cardholders who meet certain spending requirements within the first few months of opening an account. For example, if you have a Chase Ink Business Preferred Credit Card and spend $15,000 within the first 3 months of opening your account, you can earn 100,000 bonus points. This is equivalent to $1,250 in travel rewards when redeemed through the Chase Ultimate Rewards portal.
Choosing the Right Chase Business Card for Your Business
Ink Business Unlimited Card: Unlimited Rewards with No Annual Fee
Small business owners are always looking for ways to save money and maximize rewards. The Ink Business Unlimited Card is a great option for those who want to earn cash back on all purchases without worrying about an annual fee. With unlimited 1.5% cash back on every purchase, this card can help businesses save money on office supplies, travel expenses, and more.
The Ink Business Unlimited Card also offers other benefits such as free employee cards, which can be used to set individual spending limits and track expenses. This feature makes it easy for business owners to manage their employees' spending while earning rewards on all purchases.
The Ink Business Unlimited Card has a sign-up bonus of $750 after spending $7,500 in the first three months of account opening. This bonus can help small businesses get a head start on earning rewards right away.
Ink Business Preferred Card: Ideal for Travel and Advertising Expenses
For businesses that frequently spend money on travel and advertising expenses, the Ink Business Preferred Card is an excellent choice. This card offers 3x points per dollar spent in these categories, making it easy for businesses to earn rewards quickly.
The Ink Business Preferred Card also has a sign-up bonus of 100,000 points after spending $15,000 in the first three months of account opening. These points can be redeemed for travel through Chase Ultimate Rewards or transferred to airline and hotel loyalty programs at a 1:1 ratio.
Another benefit of the Ink Business Preferred Card is its cell phone protection plan. If you pay your monthly cell phone bill with this card, you'll receive up to $600 in protection against theft or damage.
Employee Cards: Easy Expense Management
Managing employee expenses can be a challenge for any business owner. Fortunately, Chase's Ink Business cards offer free employee cards that make it easy to track expenses and set individual spending limits.
With employee cards, business owners can monitor their employees' spending in real-time and receive alerts when certain spending thresholds are reached. This feature helps businesses stay on top of their expenses and avoid overspending.
United Business Card: Ideal for Frequent Flyers
For businesses that frequently fly with United Airlines, the United Business Card is a great choice. This card offers perks such as lounge access, priority boarding, and free checked bags, making it easy for frequent flyers to save money and enjoy a more comfortable travel experience.
The United Business Card also offers 2x miles per dollar spent on United purchases and at gas stations, office supply stores, and restaurants. These rewards can add up quickly for businesses that spend a lot of money in these categories.
United Club Business Card: Premium Benefits for Frequent Flyers
If you're looking for even more premium benefits as a frequent flyer with United Airlines, the United Club Business Card is worth considering. This card offers all the same perks as the United Business Card plus access to United Club lounges around the world.
In addition to lounge access, the United Club Business Card also offers 1.5x miles per dollar spent on all purchases. This makes it easy for business owners to earn rewards on all expenses while enjoying premium travel benefits.
Earning Points with Chase Business Credit Card: Cash Back and Points
Chase Business Credit Card is one of the most popular credit cards for business owners. It offers a variety of rewards in the form of cash back and points. By using this card, you can earn rewards on your purchases, which can help you save money or even earn free travel. In this section, we will discuss how to earn points with Chase Business Credit Card.
Earn 2x Points on Travel and Dining Purchases with Chase Ultimate Rewards
One of the best ways to earn points with Chase Business Credit Card is by using Chase Ultimate Rewards. With this program, you can earn 2x points on travel and dining purchases. This includes airfare, hotels, rental cars, restaurants, cafes, bars, and more. If you are someone who travels frequently or dines out often for business purposes, then this feature can be a great way to rack up points quickly.
Earn 3x Points on Select Business Categories
In addition to earning 2x points on travel and dining purchases through Chase Ultimate Rewards, you can also earn 3x points on select business categories such as shipping, advertising, and internet/cable/phone services. This means that if your business spends a lot of money in these categories each month or quarter, then you could potentially earn a significant amount of rewards.
Bonus Points and Miles for New Cardholders
If you are a new cardholder for Chase Business Credit Card, then there are bonus points and miles available for those who meet the minimum spending requirement within the first few months of account opening. For example, at the time of writing this post (April 2021), there is an offer where new cardholders can earn $750 bonus cash back after spending $7,500 in the first three months from account opening.
Other Options for Earning Rewards
While Chase Business Credit Card offers some great options for earning rewards, there are other business credit cards that also offer bonus categories for earning rewards. For example, Spark Cash from Capital One offers unlimited 2% cash back on all purchases, while American Express offers bonus categories such as office supplies and shipping. Ink Business Cash from Chase also offers gift cards as a redemption option.
Take Additional Details Rewards Rate and Categories into Consideration
When choosing a business credit card, it is important to take additional details such as rewards rate and categories into consideration. Each card has its own unique features and benefits, so it is important to choose the one that best fits your business needs. For example, if you travel frequently or dine out often for business purposes, then Chase Business Credit Card may be the best option for you due to its 2x points on travel and dining purchases through Chase Ultimate Rewards.
Redeeming Your Rewards
Once you have earned enough rewards with Chase Business Credit Card (or any other credit card), you can redeem them for various options such as cash back, gift cards, travel bookings, merchandise purchases, or even statement credits. It is important to read the terms and conditions of each redemption option carefully before making your choice.
Using Your Points with Chase Business Credit Card
Earning and redeeming points with Chase Business Credit Card is a great way to maximize your spending. Here are some tips on how to use your points effectively.
Redeeming Points for Travel
One of the best ways to use your Chase Business Credit Card points is by redeeming them for travel. You can book flights, hotels, car rentals, and even cruises through the Chase Ultimate Rewards program. The redemption rate varies depending on the type of travel you choose, but generally speaking, you'll get more value out of your points when you use them for travel.
For example, if you have 50,000 points, you could redeem them for a $500 flight or hotel booking. However, if you were to redeem those same 50,000 points for cashback or gift cards, they would only be worth $350. That's why it's important to consider all of your options before deciding how to use your points.
Transferring Points
Another way to maximize your rewards with Chase Business Credit Card is by transferring your points to other Chase credit cards that offer more rewards and benefits. For example, if you also have the Chase Sapphire Preferred card or the Ink Business Preferred card, you can transfer your points from your business card to one of these cards and then redeem them at a higher rate.
The Sapphire Preferred card offers a 25% bonus when you redeem your points through the Ultimate Rewards program for travel. That means if you transfer 50,000 points from your business card to the Sapphire Preferred card and then redeemed them for travel through Ultimate Rewards program, they would be worth $625 instead of $500.
Balance Transfers
If you're carrying a balance on another credit card with high-interest rates and fees, transferring that balance over to Chase Business Credit Card could save you money in interest charges. If approved for a balance transfer offer with low-interest rates and no balance transfer fees (for eligible accounts), you can transfer your balance over and pay it off interest-free within the promotional period.
It's important to note that balance transfers do not earn points, so this strategy is best used if you're trying to save money on interest charges rather than earn rewards.
Advantages of a Chase Bank Business Card: Chase Business vs. Other Issuers
Higher Rewards Rate: Get More Value with Chase Business Card
Chase Bank Business Card is one of the best business credit cards available in the market. According to Bankrate, Chase Business Card has a higher rewards rate than other business credit cards. This means that you can earn more rewards and benefits for every dollar you spend on your business expenses. The rewards program of Chase Business Card is designed to provide maximum value to the cardholders.
The rewards program of Chase Business Card offers various perks and benefits for business owners. You can earn cashback, travel rewards, and discounts on business expenses such as office supplies, shipping costs, and advertising expenses. For instance, you can earn 5% cashback on office supply purchases and internet, cable, and phone services through their Ink Business Cash Credit Card. You can earn 3 points per $1 spent on travel including flights, hotels, rental cars and more through their Ink Business Preferred Credit Card.
User-Friendly Online Platform: Manage Your Account with Ease
Chase Bank also provides a user-friendly online platform that allows business owners to manage their accounts easily. You can track your expenses, view your account balance and payment due dates from anywhere at any time using this platform. The online platform also provides tools to help you monitor your spending habits so that you can make informed decisions about managing your finances.
The online platform of Chase Bank is designed with security in mind. It uses advanced encryption technology to protect your personal information from unauthorized access or theft. You can also set up alerts for suspicious activities or transactions so that you are immediately notified if there is any fraudulent activity on your account.
Better Customer Service & Fraud Protection: Peace of Mind Guaranteed
Compared to other issuers in the market, Chase Bank has a better reputation for customer service and fraud protection. They have a dedicated team of customer support professionals who are available 24/7 to assist you with any queries or concerns you may have. You can contact them through phone, email, or chat.
Chase Bank also offers advanced fraud protection features to ensure that your account is safe and secure. They use real-time fraud monitoring tools to detect any suspicious activities on your account. If they detect any fraudulent activity, they will immediately notify you and take necessary actions to prevent any further damage.
Shopping and Travel Protections and Benefits
Travel Rewards for Business Spending
Chase Business Credit Card offers travel rewards for business spending. The card provides a range of benefits and perks for hotel brands, restaurants, and other purchases. With the Chase Business Credit Card, you can earn points on every purchase made with the card. These points can be redeemed for travel rewards such as flights, hotels, rental cars, and more.
The travel rewards program is designed to help businesses save money on their travel expenses. By using the Chase Business Credit Card to pay for business expenses like flights and hotels, businesses can earn points that can be used to offset these costs in the future. This means that businesses can save money on their travel expenses while still earning valuable rewards.
Shopping and Travel Benefits
In addition to travel rewards, the Chase Business Credit Card also offers a range of shopping and travel benefits. These benefits include perks for hotel brands, restaurants, and other purchases. For example, cardholders can receive discounts or freebies at select hotels when they book through the Chase Ultimate Rewards portal.
Other benefits of the card include services such as merchant offers and pay services. Merchant offers provide discounts or cashback when you make purchases from select merchants using your Chase Business Credit Card. Pay services allow you to make payments directly from your card without having to enter your payment information each time.
Combined Purchases
Travel protections and benefits are available for combined purchases of business expenses and other purchases. This means that if you use your Chase Business Credit Card to pay for both business expenses like flights and hotels as well as personal expenses like groceries or gas, you will still be eligible for travel protections and benefits.
Bonus Products and Offers
Bonus products and offers are available for spending habits on the Chase Business Credit Card. For example, some cards offer bonus points when you spend a certain amount within a specific timeframe after opening your account. Other cards offer bonus points when you spend in specific categories like office supplies or travel.
Best Chase Cobranded Business Credit Cards
Ink Business Preferred Credit Card: High Rewards for Travel and Advertising Expenses
For businesses with good credit, the Ink Business Preferred Credit Card is a top choice. With its high rewards on travel and advertising expenses, this card offers great value to businesses that frequently spend in these categories. The card also comes with a generous sign-up bonus, making it an attractive option for new business owners looking to earn some extra cash.
One of the standout features of the Ink Business Preferred Credit Card is its 3x points per $1 spent on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines (up to $150,000 combined annually). This makes it an excellent choice for businesses that frequently travel or advertise online. The card offers 1x point per $1 spent on all other purchases.
Another benefit of the Ink Business Preferred Credit Card is its cell phone protection plan. If you pay your monthly cell phone bill with your card, you'll receive up to $600 in coverage against theft or damage to your phone. This can be a lifesaver for small business owners who rely heavily on their phones for work.
Ink Business Cash Credit Card: No Annual Fee and Cash Back Rewards
For businesses with less-than-perfect credit or those looking for a no-annual-fee option, the Ink Business Cash Credit Card is a solid choice. This card offers cash back rewards on common business expenses such as office supplies and telecommunications services.
The Ink Business Cash Credit Card offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. It also provides 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. All other purchases earn 1% cash back.
One unique feature of this card is its employee cards. You can set individual spending limits for each employee, making it easier to manage expenses and keep track of who's spending what. Plus, there's no annual fee for the Ink Business Cash Credit Card, making it a great option for businesses looking to save money on credit card fees.
Southwest Rapid Rewards Performance Business Credit Card: Generous Rewards and Perks
For businesses that frequently travel with Southwest Airlines, the Southwest Rapid Rewards Performance Business Credit Card is an excellent choice. This card offers generous rewards and perks that can help offset the cost of travel.
The Southwest Rapid Rewards Performance Business Credit Card offers 3x points per $1 spent on Southwest Airlines purchases and 2x points per $1 spent on social media and search engine advertising, internet, cable and phone services. All other purchases earn 1x point per $1 spent.
One standout feature of this card is its anniversary bonus. Each year on your account anniversary, you'll receive 9,000 bonus points which can be redeemed for flights or other rewards. The card comes with four upgraded boardings per year (when available), in-flight Wi-Fi credits, and Global Entry or TSA PreCheck application fee credits.
United Explorer Business Card: Solid Option for Frequent United Airlines Travelers
For businesses that frequently travel with United Airlines, the United Explorer Business Card is another solid option. This card offers perks such as free checked bags and priority boarding that can make traveling more comfortable and affordable.
The United Explorer Business Card offers 2x miles per $1 spent on United purchases (including tickets, in-flight food and beverages, Wi-Fi purchases made onboard United flights), at restaurants (including eligible delivery services), gas stations, office supply stores; one mile per $1 spent on all other purchases.
One benefit of this card is its free checked bag perk. You'll receive one free checked bag for yourself and one companion on your reservation when you use your card to purchase your ticket. The card offers priority boarding, which can help you get settled in your seat more quickly and avoid the hassle of fighting for overhead bin space.
Applying for a Chase Business Credit Card: Essential Tips
Check Your Credit Score Before Applying
Before applying for a Chase business credit card, it is essential to check your credit score. A good credit score can increase your chances of getting approved and receiving favorable terms and conditions. On the other hand, a poor credit score can lead to rejection or unfavorable terms.
To check your credit score, you can use free online tools such as Credit Karma or Credit Sesame. These tools provide a detailed report on your credit history and offer suggestions on how to improve it if necessary.
Gather All Necessary Documents and Information
When applying for a Chase business credit card, you will need to provide specific documents and information about yourself and your business. These may include:
Business name and legal structure
Business address and phone number
Employer Identification Number (EIN)
Annual revenue
Number of employees
Personal identification such as driver's license or passport
It is crucial to gather all necessary documents beforehand to ensure a smooth application process.
Consider Which Chase Business Credit Card Is Best for Your Needs
Chase offers various business credit cards with different rewards programs, annual fees, interest rates, and benefits. It is essential to consider which card best suits your needs based on factors such as:
Type of rewards program (cashback, points, miles)
Annual fee
Interest rate
Sign-up bonus
Perks such as travel insurance or purchase protection
Researching each option thoroughly can help you make an informed decision that aligns with your business goals.
Be Prepared to Provide Details About Your Business and Its Finances
When applying for a Chase business credit card, you will need to provide details about your business's finances. This may include:
Annual revenue
Profit margins
Monthly expenses
Outstanding debts or loans
Be prepared to explain what your company does in detail. Providing clear explanations of what services or products you offer can help the bank understand your business better and increase your chances of approval.
Understand the Terms and Conditions of the Card Before Submitting Your Application
Before submitting your application, it is crucial to read and understand all terms and conditions associated with the card. This includes interest rates, fees, rewards programs, and any other relevant information. Understanding these details can help you avoid surprises down the line and make informed decisions about how to use your credit card.
All You Need to Know About Chase Business Credit Card
In conclusion, a Chase business credit card can be an excellent choice for your business. With various rewards and benefits, you can earn cash back or points that can be used towards travel, shopping, and more. It is essential to choose the right card that suits your business needs and preferences.
When applying for a Chase business credit card, it is crucial to provide accurate financial information and cons card details. This will help ensure that you are approved for the right card with suitable credit limits.
Compared to other issuers like Capital One, Chase Bank offers unique advantages such as cobranded cards with popular airlines and hotels. Their shopping and travel protections and benefits make them stand out from the competition.
Applying for a Chase business credit card may seem daunting at first, but with essential tips in mind such as providing accurate financial information and choosing the right card for your business needs, it can be a smooth process.
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