As the year 2023 approaches, it’s time to start thinking about your business credit card needs. One of the top choices for many small business owners is the Chase Business Credit Card. In this article, we will explore all the features, benefits, and rewards that come with the Chase Business Credit Card, and why it may be the right choice for your business.
What is a Chase Business Credit Card?
A Chase Business Credit Card is a credit card designed specifically for small business owners. It allows business owners to separate their personal and business expenses, and to track their spending easily. The Chase Business Credit Card comes with a variety of features, including rewards programs, cashback opportunities, and access to a range of financial tools and resources.
One of the primary benefits of using a Chase Business Credit Card is that it can help you build your credit score and establish a credit history for your business. This can be particularly important if you are looking to apply for a business loan or line of credit in the future.
Additionally, using a Chase Business Credit Card can help you manage your cash flow more effectively. With a line of credit that is separate from your personal finances, you can keep track of your business expenses and pay off your balance at a pace that works for you.
Types of Chase Business Credit Cards
Chase offers a variety of business credit cards to choose from, each with its own set of rewards and benefits. Here are some of the most popular options:
1. Ink Business Cash Credit Card
The Ink Business Cash Credit Card is a great choice for small business owners who want to earn cash rewards on their everyday purchases. You can earn up to 5% cashback on office supplies, internet, cable, and phone services, as well as 2% cashback at gas stations and restaurants. There’s also a $750 cash bonus for new cardholders who spend $7,500 within the first 3 months.
2. Ink Business Unlimited Credit Card
The Ink Business Unlimited Credit Card is another popular option for small business owners. This card offers unlimited 1.5% cashback on all purchases, with no annual fee. There’s also a $750 cash bonus for new cardholders who spend $7,500 within the first 3 months.
3. Ink Business Preferred Credit Card
The Ink Business Preferred Credit Card is designed for businesses with higher spending needs. This card offers 3 points per dollar 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 per year). There’s also a 100,000-point bonus for new cardholders who spend $15,000 within the first 3 months.
4. Chase Business Complete Banking℠
The Chase Business Complete Banking℠ account is a checking account designed for small businesses. It comes with no monthly service fees for up to 100 transactions per month, as well as access to a range of financial tools and resources. You can also earn $300 for new account holders who open an account and complete qualifying activities.
Benefits of Using a Chase Business Credit Card
There are many benefits to using a Chase Business Credit Card for your small business. Here are just a few:
1. Rewards Programs
Many Chase Business Credit Cards offer rewards programs that allow you to earn points, cashback, or other rewards for your purchases. These rewards can be used to offset future business expenses, or for personal use.
2. Expense Management
Using a Chase Business Credit Card can make it easier to manage your expenses and track your spending. With online tools and resources, you can monitor your account activity in real-time, and receive alerts when your balance is getting high.
3. Fraud Protection
Chase takes fraud protection seriously, and offers a range of security features to protect your account from unauthorized use. You can receive alerts for suspicious activity, and have access to 24/7 fraud monitoring and support.
4. Building Credit
Using a Chase Business Credit Card can help you build your credit score and establish a credit history for your business. This can be particularly important if you are looking to apply for a business loan or line of credit in the future.
How to Apply for a Chase Business Credit Card
If you are interested in applying for a Chase Business Credit Card, you can start by visiting the Chase website and browsing the available options. Once you have selected a card that meets your needs, you can fill out an application online.
When applying for a Chase Business Credit Card, it’s important to have your business information on hand, including your business name, address, and tax identification number. You may also be required to provide financial information about your business, such as your annual revenue and estimated expenses.
The Chase Business Credit Card is a valuable tool for small business owners who are looking to manage their expenses, track their spending, and earn rewards for their purchases. With a variety of cards to choose from, there’s an option that will meet the unique needs of your business. By using a Chase Business Credit Card, you can build your credit score, establish a credit history for your business, and take advantage of a range of valuable benefits and rewards.