Having a business credit card is really helpful and has become a necessity these days. Chase business Credit Cards are the best practice in this manner.
The Best 5 Chase Business Credit Card
If you are a seeker of mind-blowing offers and rewards from your credit card company then you should really consider Chase Business Credit Cards. Whether you’re a corporate person or a soccer coach, they always have something under the sleeves to benefit your business.
Table Of Contents
- Benefits of business credit card
- Top best credit card by Chase
- How do you pick a credit card for you?
Chase is a consumer credit card behemoth, but it also dominates the business credit card market. Whether you’re coaching soccer on weekends for a few extra dollars or running a large software sales company, a Chase business credit card can provide a plethora of benefits to your company.
A financial relationship with Chase can be a valuable asset that can benefit your business in the long run, so obtaining a Chase credit card should not be taken lightly. Managing your credit wisely with Chase can reap long-term benefits.
We’ll have to say “trust us on this,” because it’s difficult to understand the validity of these claims until you’ve obtained one of its business cards, established a business relationship, and benefited directly.
Join us as we look at a few key Chase cards that offer cash-back, travel rewards, and other benefits that any business owner can appreciate.
Benefits Of Having a Business Credit Card
1. Increasing Your Company’s Credit Score: When it comes to credit, new businesses have a completely blank slate. Isn’t that wonderful? Not at all. Lending institutions are unsure what to think in the absence of a credit history. They have no idea whether you will be able to repay a loan. This can make obtaining financing more difficult.
2. Separating Business and Personal Finances: It’s a good idea to apply for a dedicated credit card as soon as your company has a business bank account.
3. Obtaining Greater Financing and Better Terms: Personal credit cards are designed to cater to consumers’ spending habits, which typically means lower spending amounts on electronic items and home furnishings. This credit limit is simply sufficient for many businesses. Inventory purchases on a weekly or monthly basis can quickly deplete available funds.
4. Taking Advantage of Company-Specific Benefits: Personal credit cards may provide benefits such as miles redeemable for free flights. Business credit cards may provide greater travel rewards, more miles, higher cash-back percentages, or more appealing sign-up bonuses. This is due to the fact that business owners are likely to spend far more per month than the average consumer.
Top 5 Chase Business Credit Card
However, unlike some small-business credit card issuers, Chase does not offer a secured business card (or secured personal card), and you will typically need a good credit score (690+) to qualify.
Our favorite Chase business credit cards are listed below, along with everything you need to know to decide if one is right for your small business.
1.Ink Business Preferred Credit Card
With the Ink Business Preferred® Credit Card, you earn points for all of your purchases, plus bonus points in specific business categories where you are likely to spend the most.
In addition, the card provides flexible redemption options, such as access to Chase airline and hotel transfer partners. Business owners will also appreciate the card’s benefits, which include cell phone insurance, purchase protection, rental car insurance, and more.
2. Ink Business Cash Credit Card
The Ink Business Cash® Credit Card has many advantages that make it an appealing option for small business owners. Each account anniversary year, the card offers 5% back on up to $25,000 in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services.
When you consider that the card has no annual fee and 0% intro APR on purchases for 12 months (variable 15.49% – 21.49% thereafter), you could be adding significant value to your business at no cost.
Your card comes with Fraud Protection, your card transactions will be monitored in real time for possible signs of fraudulent activity.
3. Ink Business Unlimited Credit Card
As a business owner, you’re probably very busy and prefer a credit card that keeps things simple.
If so, then Ink Business Unlimited® Credit Card could be ideal for you. From the zero annual fee to the flat cash-back rate, the card is a no-frills option worth considering.
This card comes with a lot of benefits like you’ll get 1.5% cash-back on all your purchases and you don’t have to pay anything as an annual fee. Also, it has 0% introductory APR on purchases for 12 months; thereafter variable 15.49% – 21.49%
You can earn $750 in bonus cash after spending $7,500 on purchases within the first three months of account opening.
4. Chase Ink Business Premier
The Chase Ink Business Premier* is a rewarding card for certain businesses that have high annual spending and prefer to earn cash back over travel rewards. Those looking to transfer their reward points to airline and hotel programs and upgrade their travels, on the other hand, should look elsewhere.
The card comes with a $1,000 cash back welcome bonus after spending $10,000 on purchases within the first three months of account opening. This card is a good choice for those who want to earn cash back because of the high bonus and the impressive earning structure for high-spending businesses.
Although, to have all of this you have to pay a high three-figure annual fee of $195 for Chase Ink Business Premier.
5. United Business Card
For business owners who fly United Airlines, the United Business Card can be a useful travel companion with benefits that far outweigh the annual fee.
The card can help alleviate common business-travel issues when flying with United. That is perhaps most important when it comes to your luggage, whether checked or carried on.
In addition, when compared to other airline credit cards, its bonus-rewards categories are extremely beneficial, not only for business travel but also for everyday use. This makes it appealing to entrepreneurs with side businesses.
How Do You Pick a Perfect Credit Card For You?
Most business owners and operators will want to analyze their company’s spending before deciding on a rewards card to see which card will provide the best return on investment.
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Consider the following questions:
- Does your company spend money on things like office supplies?
- Is your company using an automatic bank transfer to pay other expenses such as utilities?
Many business vendors charge a credit card processing fee surcharge when paying invoices with a card, so paying your vendors by card may not make financial sense in some cases.