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Chase offers a variety of business credit cards designed to meet different business needs, from earning rewards to managing cash flow. Here’s an overview of what you can generally expect from Chase business credit cards, along with some features to consider:
Types of Chase Business Credit Cards
- Chase Ink Business Unlimited®
- Rewards: Earn unlimited 1.5% cash back on every purchase.
- Sign-Up Bonus: Offers a substantial cash bonus after meeting initial spending requirements within the first few months.
- Annual Fee: $0
- Chase Ink Business Cash®
- Rewards: Earn cash back in various categories such as office supply stores, internet, cable, and phone services, and on general business purchases.
- Sign-Up Bonus: Typically includes a cash bonus after reaching a spending threshold early on.
- Annual Fee: $0
- Chase Ink Business Preferred®
- Rewards: Earn points on travel, shipping purchases, internet, cable, and phone services, and advertising purchases made with social media sites and search engines.
- Sign-Up Bonus: Offers a significant point bonus after you meet the spending requirement in the first few months.
- Annual Fee: There is an annual fee, which provides value especially for those who travel frequently.
Features Common Across Chase Business Cards
- Employee Cards at No Additional Cost: You can get employee cards and set individual spending limits to help control expenses.
- Travel and Purchase Coverage: Includes benefits like rental car insurance, travel insurance, and extended warranty protection.
- No Foreign Transaction Fees: Some cards offer no foreign transaction fees, making them ideal for international business travel.
- Flexible Redemption Options: Points can be redeemed for travel, cash back, gift cards, and more, often with a redemption bonus when using the Chase travel portal.
- Integration with Accounting Software: Simplifies managing finances by integrating with software like QuickBooks.
How to Choose the Right Card
When selecting a Chase business credit card, consider the following:
- Match Rewards with Spending Patterns: Choose a card that best aligns with where your business spends the most money.
- Consider the Sign-Up Bonus: Look at the initial offers and determine if you can meet the spending requirements to earn the bonus.
- Evaluate the Annual Fee: Ensure the benefits received from the card outweigh the cost of any annual fee.
Application Process
To apply for a Chase business credit card, you’ll typically need to provide:
- Business and Personal Information: Includes your business type, revenue, Tax ID, and personal details.
- Credit Check: A personal guarantee is usually required, meaning your personal credit may be a factor in the application process.
Chase business credit cards are competitive options for businesses looking to manage expenses while earning rewards. Whether you’re a freelancer, a startup, or a more established company, there’s likely a Chase card that can meet your business’s specific needs.
