Chase not only provides a substantial selection of consumer credit cards. It also offers a suite of business cards specifically designed to meet different company’s varied needs and expenses. If you’re a professional, you need a reliable business credit card to manage your costs efficiently. The Chase Ink business credit cards offer a powerful array of benefits and rewards for every type of cardholder.
Some cards have no annual fee, some have transferrable rewards, and some offer consumer protection for purchases and travel. But which card is right for your business? The answer depends on your business needs.
Below is a detailed review of its perks and overall value. Scroll down and read!
What are Chase Ink Business Credit Cards?
Chase Ink Business Credit Cards are your ultimate sidekick for growing your business. Designed with small and medium-sized businesses in mind. These cards pack a punch with perks that fuel your success. They provide comprehensive benefits, including competitive rewards programs, valuable travel perks, and convenient expense management tools.
It is making them popular among business owners and professionals. Each card within the suite offers unique features and reward structures. Chase carefully tailored each card to cater to different spending habits and business needs. Whether you prioritize cashback credit cards on everyday expenses or travel rewards, a credit card is perfect.
There’s likely a card that aligns perfectly with your business goals. There are diverse options within the Chase Ink family. It ensures that businesses of all types can find a card that complements their financial strategies and helps them thrive. If you would like to purchase these cards, click here.
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How Does Chase Ink Business Credit Card Work?
It works like any other credit card, allowing cardholders to make purchases and pay them off over time, either in whole or with minimum payments. Unlike personal credit cards, they are specifically tailored for business expenses, offering higher credit limits and specialized rewards. These cards also have additional features designed specifically for businesses.
Such include robust expense tracking tools to categorize and monitor spending. Convenient employee cards for authorized users and valuable rewards programs catering to business needs like office supplies, travel, or advertising expenses. These added benefits make them an attractive option for business owners looking to streamline their finances and maximize their rewards.
Benefits of Chase Ink Business Credit Card
It offers a range of benefits tailored to small business owners. The card also provides flexible redemption options, making it a valuable tool for managing business expenses and maximizing rewards. Cardholders can benefit from purchase protection and extended warranty coverage, providing added peace of mind for business purchases.
Here are some key advantages –
- Rewards programs – Earn up to 5x points on purchases made in select business categories, helping you earn rewards faster. Enjoy flexible redemption options, including cash back, gift cards, travel rewards, and more. Benefit from special offers and promotions that can help you credit card points on eligible purchases.
- Travel perks – Enjoy up to $600 in cell phone protection when you pay your monthly bill with your card, providing valuable coverage for your business devices. Plus, receive complimentary travel and emergency assistance services, including roadside dispatch and travel accident insurance.
- Expense management tools – Access detailed reports and spending summaries through Chase’s online portal, making tracking and managing your business expenses easy. Receive notifications to help you stay on top of your spending and avoid unnecessary fees.
- Employee cards – Issue employee cards at no additional cost and earn rewards on their purchases, helping you maximize your rewards potential. Set individual spending limits and monitor employee expenses in real-time, giving you greater control over your business finances.
Features of Chase Ink Business Credit Card
It caters to the needs of small businesses, offering a range of features. This card provides flexibility and control over business expenses. Its lack of foreign transaction fees makes it an ideal choice for businesses with international transactions. It provides added security for business purchases.
Here are some key features –
- No Foreign Transaction Fees – Use the card internationally without additional fees. Plus, enjoy competitive exchange rates for your international transactions. Easily track and manage international spending through the online portal. Perfect for businesses with global reach.
- Fraud Protection – Benefit from robust advanced security features, including proactive fraud monitoring and comprehensive zero liability protection. To help safeguard your business from unauthorized transactions. Receive immediate alerts for suspicious activity and resolve potential issues promptly.
- Purchase Alerts – Receive instant alerts for purchases made with your card, helping you effectively monitor spending and quickly detect unauthorized transactions. Stay informed and in complete control of your business expenses. Easily customize alert settings to suit your preferences perfectly.
- Rental Collision Damage Waiver – Provides coverage against theft and collision damage for most rental cars in the U.S. and abroad. Enjoy peace of mind when renting a car for business purposes. Travel confidently, knowing your coverage protects you in case of an accident.
Top Chase Ink Business Credit Cards
Chase offers a variety of Ink Business Credit Cards, each tailored to suit different business needs and spending habits. Whether you’re a freelancer, a small business owner, or managing a growing company, the Chase Ink card family offers options to suit your needs. Choose the card that aligns with your spending habits and business and financial goals to maximize valuable rewards and benefits.
Let’s explore the top options –
1. Ink Business Preferred® Credit Card
Apply Now on Chase’s Official Website
It is famous for small business owners looking to earn rewards on everyday spending and travel. With a high sign-up bonus and bonus categories that align with everyday business expenses, this card can be a valuable asset for those who frequently travel for work or have significant costs in the bonus categories. The card offers travel and purchase protections, making it a well-rounded choice for business owners.
Sign-Up Bonus – Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
Rewards –
- 3x points on the first $150,000 spent in combined purchases travel, shipping purchases, internet, cable and phone services.
- Advertising purchases made with social media sites and search engines each account anniversary year.
- Earn 1 point for every dollar spent on all other purchases.
Redemption – Points are worth 25% more when redeemed for travel through Chase TravelSM.
Travel Protections –
- There are no foreign transaction fees.
- 1:1 point transfer to participating travel loyalty programs.
- Auto Rental Collision Damage Waiver.
Purchase Protections –
- Extended warranty protection.
- Purchase protection against damage or theft.
Security Features –
- Fraud protection with 24/7 monitoring.
- Zero Liability Protection for unauthorized charges.
Additional Perks –
- Cell Phone Protection – Coverage for theft and damage up to $1,000 per claim, with a $100 deductible, up to 3 claims per year.
- Trip Cancellation/Trip Interruption Insurance – Up to $5,000 per person and $10,000 per trip.
Annual Fee – $95
2. Ink Business Cash® Credit Card
Apply Now on Chase’s Official Website
It is a cashback card for small businesses that want simplicity and rewards on common business spending categories. It offers a solid welcome bonus and no annual fee. They make it an attractive option for companies that prefer cash back over travel rewards. This card best suits businesses with moderate spending levels in the bonus categories. It’s a reliable way to earn rewards on everyday business expenses.
Welcome Bonus – Earn $750 bonus cashback after you spend $6,000 on purchases in the first 3 months from account opening.
Rewards –
- 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.
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
- 1% cash back on all other purchases.
Benefits –
- No annual fee.
- Employee cards at no additional cost.
- Purchase protection against damage or theft.
Additional Features –
- Introductory APR – 0% intro APR on purchases for the first 12 months; variable APR of 18.49% – 24.49% thereafter.
- Account Management – Easily track expenses and integrate with bookkeeping software.
Security Features –
- Fraud protection with 24/7 monitoring.
- Zero Liability Protection for unauthorized charges.
Annual Fee – $0
3. Ink Business Unlimited® Credit Card
Apply Now on Chase’s Official Website
It is a flat-rate cashback card that offers a straightforward reward structure without category restrictions. It’s an excellent option for businesses seeking simplicity and consistent cash back on all spending. This card is particularly well-suited for companies with diverse spending patterns who want to avoid tracking specific categories to maximize rewards.
Sign-Up Bonus – Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
Rewards –
- 1.5% cash back on all purchases.
Standout Benefits –
- No annual fee.
- Employee cards at no additional cost.
- Introductory 0% APR for 12 months on purchases and balance transfers, then a variable APR of 18.49% – 24.49% applies.
Additional Features –
- Fraud protection with 24/7 monitoring.
- Zero Liability Protection for unauthorized charges.
- It covers new purchases against damage or theft for 120 days, up to $10,000 per claim and $50,000 per account.
- Provide theft and collision damage coverage for most rental vehicles in the U.S. and abroad.
- Offers legal and medical referrals and other travel assistance services when away from home.
- Access to roadside assistance services, including towing, jumpstarts, tire changes, and more.
Annual Fee – $0
4. Ink Business Premier® Credit Card
Apply Now on Chase’s Official Website
It is a premium credit card for businesses seeking a comprehensive rewards program with the highest earning rates in Chase’s Ink Business lineup. It caters to companies with high spending volumes, especially those that make frequent large purchases and value flexible reward options. Its generous welcome offer and bonus categories make it a valuable tool for maximizing rewards.
Sign-Up Bonus – Earn $1,000 cash back after spending $10,000 on purchases in the first 3 months from account opening.
Rewards –
- 2.5% cash back on purchases of $5,000 or more.
- 2% cash back on travel and restaurant purchases.
- 1% cash back on all other purchases.
- 5% cash back on Lyft rides through March 2025.
- 5% cash back on travel purchased through Chase TravelSM.
Standout Benefits –
- Up to $100,000 in cell phone insurance coverage.
- Auto Rental Collision Damage Waiver.
- Fraud protection with 24/7 monitoring and zero liability for unauthorized charges.
Additional Features –
- Purchase Protection – Covers new purchases for 120 days against damage or theft (up to $10,000 per claim).
- Trip Cancellation/Trip Interruption Insurance – Reimburses up to $5,000 per person and $10,000 per trip.
- Roadside Dispatch – 24/7 access to roadside assistance services.
Flexibility – The Flex for Business feature allows qualifying purchases to be paid over time with interest.
Annual Fee – $195
Which Ink Business Card is Right for You?
The right card depends on your business needs and spending habits. If you travel frequently for business, the Ink Business Preferred Credit Card or Ink Business Premier® Credit Card may be a better fit. They offer generous travel perks and rewards, including points or miles for flights, hotels, and rental cars. It may offer travel insurance and priority pass lounge access, making business trips more comfortable and convenient.
You prefer cashback rewards and want to avoid an annual fee. The Ink Business Cash Credit Card or Ink Business Unlimited Credit Card may be better. These cards offer competitive cashback rates on everyday business expenses like office supplies, gas, and dining. They are a practical choice for businesses that prioritize maximizing their cash flow and earning rewards on their regular spending.
💁♀️ Also read – How Do Credit Card Reward Programs Work?
Strengths and Limitations of the Chase Ink Business Card
It is a popular choice for small business owners seeking rewards for their everyday spending. While it offers attractive features like no annual fee and a generous welcome bonus, it’s essential to consider its limitations before applying. It will help you weigh the strengths and limitations to determine if this card aligns with your business needs.
Let’s take a look –
Strengths –
- No annual fee – Enjoy all the benefits without paying a yearly membership fee.
- Intro APR period – Take Advantage of a 0% intro APR period on purchases to save on interest.
- Generous welcome bonus – Earn significant cash back after meeting the spending requirement in the first few months.
Limitations –
- Requires Good/Excellent Credit (Typically 700+) – Qualifying for a Chase Ink card may be challenging if your credit score falls below this range.
- Low rewards rate outside bonus categories – The standard cashback rate on non-bonus purchases is relatively low.
- Spending caps on bonus rewards – The highest cashback rates are limited to specific spending thresholds in the bonus categories.
How to Apply for a Chase Ink Credit Card
You can quickly complete the straightforward application process online through the Chase website or mobile app. Gather your business information, including your EIN, annual revenue, and personal details. Once submitted, Chase will review your application and notify you of the decision.
Follow these steps –
- Visit the Chase website and app.
- Choose the right Chase Ink card for you.
- Click on the “Apply Now” button.
- Fill out the application form with your information.
- Agree to the terms and conditions.
- Submit your application.
- Wait for approval, which can be instant or take a few business days.
- Once approved, receive your card in the mail.
Recommended read – Credit Card Referral Bonuses – The Ultimate Guide
Is the Chase Ink Credit Card Application Available?
Yes, the Chase Ink credit card application is readily available online through the Chase website and user-friendly Android and iOS apps. You can complete the straightforward application process in just a few minutes.
To apply, you’ll need to provide basic information about your business, such as –
- Your Name
- Address
- Tax Identification Number (TIN)
- Social Security Number
- Annual Income
Once you submit your application, Chase will review it and notify you of their decision. If approved, you’ll receive your new card in the mail within a few weeks. Applying for a Chase Ink credit card is a convenient way to access the benefits and rewards offered by Chase for your business expenses.
Pro Tips for Maximizing Your Business Card
Getting the most out of your card requires strategy and planning. These tips will help you optimize your rewards, avoid unnecessary fees, and get the most value from your card membership by understanding its terms, conditions, and rewards structure. Responsible credit card use is critical to maintaining a healthy financial profile.
Here are strategies to consider –
- Meet Minimum Spending for Welcome Bonus – Make sure to hit the spending requirement to earn your sign-up bonus.
- Pay Your Balance in Full – Avoid interest charges by paying your balance in full each month.
- Take Advantage of 0% Intro APR Offers – Use the interest-free period to manage cash flow or consolidate debt.
- Track Your Rewards – Keep an eye on your rewards balance and redeem them for maximum value.
- Utilize Employee Cards – Simplify expense tracking and management by issuing cards to your employees.
To Sum it Up!
Right one Chase Ink card for you depends on what your business needs and how you spend. It offers robust rewards, no annual fee, and flexible redemption options. These features make them a valuable tool for managing business expenses efficiently. Evaluating your it’s business needs and spending patterns is essential. Pick the card that best aligns with your financial strategy.
Is it time for a financial upgrade? Take a peek at the Chase Ink Business Cards and find the one that aligns with your professional vision.
If you need help determining which card best fits your business. We’re here to help you make an informed decision. 💳
Don’t hesitate to set an appointment and complete a quick form to start the conversation.
We’re committed to helping your business thrive. Through intelligent financial choices, the best card selection depends on your needs. 😊
Frequently Asked Questions
What benefits do Chase Ink Business Credit Cards offer?
Benefits include rewards programs, travel perks, expense management tools, purchase protection, and no foreign transaction fees.
How can you apply for a Chase Ink Credit Card?
You can apply online through the Chase website or mobile app. You’ll need to provide essential business and personal information.
Are there any fees associated with Chase Ink Business Credit Cards?
Some cards have no annual fee, while others, like the Ink Business Preferred® Credit Card, have a $95 annual fee.
What credit score do you need for a Chase Ink Credit Card?
You’ll generally need a good credit score (at least 690) to qualify. Card issuers consider your income and debt, so a good score doesn’t guarantee approval.
Can you apply for the Chase Ink card without a business?
Technically, you don’t need a fully established business to get a Chase Ink card. A side hustle or freelance work can be considered a business to apply.
You will need to provide some information about your “business” when you apply, such as –
- Business Name – This can be your name if you’re a sole proprietor.
- Address -This can be your home address.
- Tax ID – You can use your Social Security Number (SSN) if you don’t have an EIN.
- Estimated annual revenue – You’ll need to estimate your expected business income.
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