For business owners, having a credit card tailored to their needs isn’t just a convenience—it’s a necessity. Chase offers some of the most versatile and valuable business credit cards on the market, providing entrepreneurs with robust options for earning rewards, managing cash flow, and maximizing benefits.
In this guide, we’ll explore the key features of Chase’s business credit cards, review popular card options, and offer tips on how to make the most of them. Let’s dive into how Chase can help power your business forward.
What is Chase Business Credit Card
Chase Business Credit Cards are financial tools designed to meet the unique needs of businesses, offering features such as rewards programs, expense management solutions, and various benefits tailored to business expenditures. These cards assist businesses in managing cash flow, earning rewards on purchases, and accessing credit for operational needs.
Key Features of Chase Business Credit Cards
Rewards Programs: Chase offers business credit cards with various rewards structures, including cash back, travel points, and other incentives. For instance, the Ink Business Unlimited® Credit Card provides unlimited 1.5% cash back on every purchase, while the Ink Business Preferred® Credit Card offers 3X points on the first $150,000 spent in select business categories each account anniversary year.
Expense Management Tools: Cardholders can access online account management features, set up account alerts, and add employee cards with individual spending limits, facilitating efficient tracking and control of business expenses.
Purchase and Travel Protections: Many Chase business cards include benefits such as purchase protection, extended warranty coverage, and travel insurance, providing added security for business-related transactions
Why Choose a Chase Business Credit Card
Flexible Rewards Program: Chase business credit cards, especially those in the Ultimate Rewards (UR) program, offer points that can be redeemed in a variety of ways, from travel and gift cards to cash back and statement credits. UR points are highly versatile and valuable, especially for business owners who travel frequently or spend on business essentials.
Expense Management Tools: Chase provides comprehensive expense management tools, allowing business owners to track spending by employee, category, and more. This helps you make informed decisions, identify spending trends, and simplify accounting.
Purchase Protections and Insurance: Most Chase business cards come with various protections, such as purchase protection, extended warranty coverage, and travel insurance benefits, which can save you time and money when business expenses arise.
Credit-Building Opportunity: Having a business credit card helps establish and build a credit profile for your business, making it easier to secure loans or other financing in the future.
Separate Business and Personal Expenses: A Chase business credit card is an excellent way to keep business and personal expenses separate, making accounting and tax preparation more straightforward.
Popular Chase Business Credit Card Options
Chase Ink Business Preferred® Credit Card
Best For: Entrepreneurs who want a premium business card with high rewards potential.
Rewards: 3x points on the first $150,000 spent annually on travel, shipping, internet, cable, and other business categories; 1x points on other purchases.
Sign-Up Bonus: Generous sign-up bonuses (usually over 100,000 UR points) that can be redeemed for travel, cash back, or even transferred to Chase’s airline and hotel partners.
Annual Fee: $95
Unique Perks: This card provides cell phone protection when the bill is paid with the card, making it a standout choice for business owners with a team on the go.
Chase Ink Business Cash® Credit Card
Best For: Small businesses with everyday expenses like office supplies and internet services.
Rewards: 5% cash back on the first $25,000 spent each year on office supply stores and internet, cable, and phone services; 2% cash back on gas stations and restaurants (up to $25,000 per year); 1% on all other purchases.
Sign-Up Bonus: A valuable sign-up offer that provides significant cash back or travel points.
Annual Fee: $0
Unique Perks: The high cash-back rate on office-related expenses makes it a fantastic option for business owners who frequently purchase office supplies or pay for internet services.
Chase Ink Business Unlimited® Credit Card
Best For: Business owners who want a straightforward, no-fuss rewards program.
Rewards: 1.5% cash back on every purchase, with no caps or spending categories to track.
Sign-Up Bonus: A healthy sign-up offer that provides cash back or travel points.
Annual Fee: $0
Unique Perks: It’s an ideal card for entrepreneurs who want to earn consistent rewards across all spending, making it easier to maximize value without tracking specific categories.
How to Choose the Right Chase Business Credit Card
Selecting the best Chase business credit card depends on the unique needs of your business. Here are a few questions to consider:
What are your primary spending categories?
If your business spends heavily on travel, the Ink Business Preferred® may be ideal due to its bonus categories on travel expenses. For those with substantial office or utility expenses, the Ink Business Cash® card could be more suitable.
Do you prefer cash back or travel rewards?
While all Ink cards offer some form of cash back, the UR points in the Ink Business Preferred® offer more flexibility for travel enthusiasts and can often be redeemed at a higher value for travel-related expenses.
Do you want a straightforward approach to rewards?
If simplicity is key, the Ink Business Unlimited® offers flat-rate cash back without tracking different spending categories.
Tips for Maximizing Your Chase Business Credit Card
Optimize Category Spending: Use cards with high earning rates on categories where your business spends the most. For example, use the Ink Business Cash® for office expenses and the Ink Business Preferred® for travel.
Take Advantage of Employee Cards: Employee cards are free on all Ink cards, so consider giving them to trusted team members to streamline business spending and earn additional rewards.
Link with Chase Ultimate Rewards: If you have a Chase Sapphire Preferred® or Reserve® for personal use, you can combine your points and potentially redeem at a higher rate. This can significantly boost the value of your rewards if you travel often.
Monitor Your Credit Card Activity: Chase provides spending reports and real-time alerts, making it easy to track and manage expenses. Regularly review your activity to spot trends or unexpected charges.
Redeem Points Strategically: While cash back is an easy option, the value of your points can increase if redeemed for travel through Chase’s Ultimate Rewards portal or transferred to a travel partner.
The Bottom Line
Chase business credit cards offer powerful options for entrepreneurs who want to maximize their spending and gain rewards on essential expenses. With choices that cater to various spending needs and preferences, Chase makes it easy for business owners to find a card that aligns with their goals.
Whether you’re looking to earn travel rewards, simplify expense management, or gain valuable purchase protections, Chase business credit cards deliver value for small businesses. Start by evaluating your spending patterns, considering your travel habits, and choosing a card that best supports your business needs.
