Chase offers some of the most popular and rewarding business credit cards on the market. Whether you’re a small business owner looking to earn rewards on everyday spending or a large corporation in need of a card with robust benefits, Chase likely has an option that fits your needs. In this comprehensive guide, we’ll cover everything you need to know about Chase business credit cards, from the top cards to handy features and tips for maximizing value.
Overview of Chase Business Credit Cards
Chase issues several different business credit cards, each designed for a particular type of business or business owner. Here’s a quick overview of the top Chase business cards:
- Ink Business Preferred Credit Card — This card earns 3x points on travel, shipping, internet/cable/phone services, and advertising with social media sites and search engines. It comes with a large welcome bonus and valuable travel and purchase protections.
- Ink Business Cash Credit Card — This no-annual-fee card provides 5% cash back on the first $25,000 spent at office supply stores and on internet/cable/phone services each account anniversary year. It also earns 2% back at gas stations and restaurants.
- Ink Business Unlimited Credit Card — This card offers 1.5% cash back on every purchase with no annual fee. It’s a straightforward cash back earner perfect for small businesses.
- Ink Business Preferred Credit Card — Designed for large corporations, this card offers 3x points on travel and other common business purchases. It provides employee cards and robust travel protections.
- Southwest Rapid Rewards Premier Business Credit Card — Earn Southwest Rapid Rewards points and perks like priority boarding and in-flight discounts with this airline-specific card.
- UnitedSM Business Card — This United Airlines co-branded card helps businesses earn United travel perks and mile redemptions.
Chase also issues cards co-branded with major hotel chains like Marriott, Hyatt, and IHG. The ideal card for your business depends on your spending habits and goals.
Also Read: Best Small Business Credit Cards of 2024
Top Benefits of Chase Business Credit Cards
Chase business credit cards come with many valuable benefits that can save your company time and money. Here are some of the top benefits to look for with Chase business card:
- Welcome bonuses — Many Chase business cards offer generous welcome bonuses like 50,000+ points or $500+ in cash back when you spend a certain amount in the first 3 months. This immediate boost can offset years of annual fees.
- Points/miles earning — Chase cards allow you to earn various rewards currencies like Ultimate Rewards points, Southwest Rapid Rewards points, World of Hyatt points, and more. Points can then be redeemed for cash back, travel, gift cards, and more.
- Travel protections — Trip delay reimbursement, lost luggage reimbursement, and rental car collision damage waiver are some of the travel benefits Chase business cards may provide. This coverage keeps you protected on the go.
- Purchase protections — Your business buys are covered with benefits like extended warranty protection and purchase protection. Damaged or stolen purchases are refunded.
- Employee cards — Some Chase business credit cards allow you to issue employee cards so your team members can make purchases on an account you control.
- No foreign transaction fees — Many Chase cards don’t charge foreign transaction fees, so you can use the card abroad without extra charges.
Taking advantage of these valuable features provides huge savings and perks over time.
Also Read: Discover Business Credit Card: A Smart Option for Your Business
Best Chase Business Credit Cards for Different Business Types
Chase issues business credit cards tailored to all types of industries and business models. Here are some of the best Chase cards based on your business’s needs:
Restaurants, Bars, or Cafes
The Ink Business Cash Card is a great fit for food-based businesses. You’ll earn 5% back on the first $25,000 spent at restaurants each account anniversary year. Ongoing 2% back on gas is ideal for keeping your delivery vehicles fueled up.
Retailers or Ecommerce Sites
For stores and online sellers, consider the Ink Business Unlimited Card. The flat-rate 1.5% back on all purchases covers both in-store and online sales. With no bonus categories to track, earnings are straightforward.
Professional Service Firms
Law firms, accounting services, consultants, and other professional service providers get a lot of value from the **Ink Business Preferred Card**. The 3x points earned on internet/cable/phone, travel, and advertising are common expenses in these fields.
Products or Manufacturing Businesses
The Ink Business Cash Card is also a smart choice for companies producing or selling physical products. The 5% office supplies rewards cover purchasing equipment and materials for operations.
Construction Industry
Construction businesses should look at the **Ink Business Cash for 5% back at office supply stores to purchase equipment and materials or the **Ink Business Preferred** for 3x points on shipping and internet purchases.
Technology Industry
With tech-related companies relying so heavily on online advertising and software expenses, the **Ink Business Preferred and its 3x points on internet/cable/phone and advertising with social media sites/search engines is extremely valuable.
As you can see, Chase has options suitable for all different industries. Be sure to consider your own business’s spending and needs as you choose a card.
Factors to Consider When Applying for a Chase Business Card
If you’ve decided a Chase business credit card is right for your company, make sure you understand these key factors before applying:
Your credit score — Having good personal credit in the 690+ range will increase approval odds and qualify you for the best terms.
Your business structure — Chase issues cards to all entity types like sole props, LLCs, and corporations. Be sure to apply with your accurate business info and documentation.
Length of time in business — While new businesses can be approved, you’ll have better chances if your business has been operating for at least 1–2 years with solid revenue.
Your existing Chase limits — Chase will look at any other credit you already have with them when making approval decisions and setting credit limits. Too much existing credit may impact approval.
Your repayment ability — Be realistic about your ability to repay when selecting a card. High balances and missed payments will hurt your credit standing.
Potential bonuses — Consider welcome bonuses and rewards earnings to pick the card that will maximize your value. Read the fine print on bonuses.
Weighing all these key points helps set you up for approval on the ideal Chase business rewards card.
Tips for Making the Most of Your Chase Business Credit Card
Once approved for a Chase business card, you’ll want to leverage it in smart ways. Here are some great tips for maximizing your card so you earn rewards quickly and take advantage of key benefits:
Use it for as many purchases as possible — Try paying for all your business expenses on your card to rack up high rewards earnings quickly.
Set up automatic payments — Automate payments to avoid ever missing a payment and damaging your credit. Chase offers text/email billing reminders too.
Manage employee card use — If your card offers employee cards, assign spending limits and monitor activity to avoid misuse.
Redeem rewards wisely — Wait until you have a sizable rewards balance and get the best value on any redemptions. Avoid less valuable redemptions.
Use purchase protections — Read up on your card’s purchase protections and extended warranty coverage. File claims when eligible purchases are damaged/stolen.
Use business credits — Take advantage of any statement credits your card provides for business expenses like shipping and internet services.
Keep your card long term — Hold onto your card long term and let your credit line and loyalty grow. Close cards hurt your credit utilization and length of credit history.
Using tactics like these ensure you maximize perks and points while building business credit responsibly over time.
Pros and Cons of Chase Business Credit Cards
Before applying for a Chase business card, here are some key pros and cons to consider:
Pros
- Strong welcome bonuses and rewards earnings rates
- Valuable benefits like purchase protections and travel coverage
- Cards tailored for different business types and spending
- Feature-packed premium cards for big spenders
- No foreign transaction fees on most cards
Cons
- High annual fees on premium cards
- Employee card management can be complex
- Minimum spending requirements to earn welcome bonuses
- Points aren’t as flexible as some competitors
For most businesses, the pros heavily outweigh the cons, especially if you pick the right card for your spending habits.
Alternatives to Consider Beyond Chase
Chase certainly offers some of the most compelling business credit cards, but it isn’t your only solid issuer option. Here are two alternatives to consider if Chase doesn’t seem ideal:
American Express Business Cards — Amex offers cards like The Business Platinum Card from American Express and the American Express Business Gold Card with similarly strong rewards on business spend. Amex also provides credits for Dell.
Conclusion:
Chase offers an extensive lineup of feature-packed business credit cards suitable for all types of industries and business structures. From cash back to travel rewards to flexible points, their cards make it easy to earn valuable perks and offsets on your everyday business spending. Just be sure to consider your own spending habits and business goals carefully as you compare all the options. Cards like the Ink Business Preferred and Ink Business Cash are great options with solid rewards earnings and beneficial protections. Once approved, you can maximize the value of your Chase business card using smart management tactics. Overall, Chase business credit cards provide tremendous value that outweighs any potential drawbacks for most organizations.
If Chase doesn’t seem like the right fit for your needs, issuers like American Express also offer compelling business card products to consider. But with its competitive rewards, benefits, and variety of business offerings, Chase is undoubtedly one of the top issuers for small businesses, startups, and enterprises alike.
At 5 Star Processing, we understand the benefits that the right credit card can offer your business. As a leading provider of payment processing services, we offer secure, affordable merchant services that help businesses like yours operate more efficiently. Partnering with us means you can accept payments seamlessly across all channels and spend less time worrying about financial logistics. Contact us today to learn more about our customized business solutions!
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