Choosing the right business credit card can be a game-changer for your business. In 2024, Chase offers three excellent business credit cards to help you earn rewards, manage expenses, and enjoy valuable perks. These cards are the Chase Ink Business Unlimited® Credit Card, Chase Ink Business Preferred® Credit Card, and Chase Ink Business Premier® Credit Card. Each card caters to different business needs and spending habits. In this blog, we’ll explore each card’s features and benefits and how they can help your business thrive.
Chase Ink Business Unlimited® Credit Card
Overview
The Chase Ink Business Unlimited® Credit Card is a straightforward, no-annual-fee card that offers a flat 1.5% cash back on every purchase. It’s perfect for businesses that want a simple, easy-to-manage rewards program without worrying about categories or spending limits.
- Welcome Bonus: Earn a $750 cash-back bonus after spending $6,000 on purchases in the first three months.
- Flat 1.5% Cash Back: Earn 1.5% cash back on every purchase, no matter what you buy. This makes it easy to earn rewards without tracking specific categories.
- No Annual Fee: Keeping this card is free, making it a great option for businesses on a budget.
- Employee Cards at No Extra Cost: You can get additional cards for your employees without paying extra fees.
Benefits
The Chase Ink Business Unlimited® Credit Card is ideal for businesses that want to earn consistent cash back on all purchases. The sign-up bonus can provide a significant boost, especially in the early months. Additionally, having no annual fee means you can keep this card without worrying about yearly costs. The ability to earn extra cash back on Lyft rides and combine points for better travel rewards adds additional value.
Who Should Get This Card?
This card is perfect for small business owners who want a simple, no-fuss rewards program. It’s also great for those who want to avoid paying an annual fee but still want to earn valuable rewards. If your business spends across various categories and you want consistent cash back, this card is a solid choice.
Chase Ink Business Preferred® Credit Card
Overview
The Chase Ink Business Preferred® Credit Card offers higher rewards in specific categories. It is an excellent choice for businesses that spend much on travel, advertising, and other selected expenses. With a reasonable annual fee and a generous sign-up bonus, this card provides significant value for businesses looking to maximize their rewards.
- Welcome Bonus: Earn 120,000 points after spending $8,000 on purchases in 3 months.
- Annual Fee: $95 per year.
- Rewards Rate: The card offers impressive earning rates on purchases in key business categories, such as:
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- Travel: Earn 3 points per dollar on travel purchases, including flights, hotels, car rentals, and more.
- Shipping: Earn 3 points per dollar on shipping expenses.
- Advertising: Earn 3 points per dollar on advertising purchases made with social media sites and search engines.
- Internet, Cable, and Phone Services: Earn 3 points per dollar on these essential services.
- Earn 1 point per $1 on all other purchases, with no limit.
- Travel Redemption Bonus: Get 25% more value when you redeem your points for travel through Chase Ultimate Rewards.
- Employee Cards at No Extra Cost: Additional cards for your employees are free.
- Cell Phone Protection: Receive protection for your cell phone when you pay your monthly bill with the card.
- No Foreign Transaction Fees: Save money on purchases outside the United States.
Benefits
The Chase Ink Business Preferred® Credit Card is tailored for businesses with significant expenses in specific categories like travel and advertising. The higher rewards rate in these categories can lead to substantial savings. The sign-up bonus alone is worth $1,250 in travel through Chase Ultimate Rewards®, providing a great incentive to start using the card. The cell phone protection and no foreign transaction fees add extra value, especially for businesses with international dealings.
Who Should Get This Card?
This card is ideal for businesses that spend heavily on travel, advertising, and other specific categories. If your company has significant expenses in these areas, the Chase Ink Business Preferred® Credit Card can help you earn more rewards and save money on travel. The annual Fee is reasonable, given the potential rewards and benefits.
Chase Ink Business Premier® Credit Card
Overview
The Chase Ink Business Premier® Credit Card is designed for businesses that make large purchases regularly. With a higher annual fee, this card offers enhanced cashback rates on big-ticket items and other valuable features for companies with significant spending power.
- Welcome Bonus: Earn $1,000 cash back after spending $10,000 in the first 3 months.
- Annual Fee: $195 per year.
- Rewards Rate: Earn 2.5% cash back on every purchase of $5,000 or more and 2% on all other purchases.
- 5% Cash Back on Lyft Rides: Earn extra rewards on transportation with 5% cash back on Lyft rides.
- Employee Cards at No Extra Cost: Provide additional cards for your employees without extra fees.
- Pay in Full Card: This card requires payment in full each month, ensuring that you don’t carry a balance.
- Flex for Business: Allows you to pay off eligible purchases over time with interest, providing flexibility in managing cash flow.
Benefits
The Chase Ink Business Premier® Credit Card is perfect for businesses that frequently make large purchases. The higher cashback rate on purchases of $5,000 or more can lead to significant savings. The flexibility to pay off purchases over time with interest can help manage cash flow. The added benefit of 5% cash back on Lyft rides is a nice perk for businesses that use ride-sharing services.
Who Should Get This Card?
This card is best suited for businesses with high spending needs, particularly those making large purchases regularly. The increased cashback rate can be very beneficial if your company often purchases over $5,000. The higher annual Fee is justified by the potential savings and the flexibility offered by the pay-in-full and Flex for Business features.
Conclusion
In 2024, Chase offers three excellent business credit cards, each catering to different needs and spending habits.
- Chase Ink Business Unlimited® Credit Card: Ideal for businesses looking for a straightforward, no-annual-fee card with consistent cash back on all purchases.
- Chase Ink Business Preferred® Credit Card: Great for businesses with significant expenses in specific categories like travel and advertising, offering higher rewards rates and valuable travel redemption bonuses.
- Chase Ink Business Premier® Credit Card: This card is best for businesses making large purchases regularly. It offers higher cash-back rates on big-ticket items and flexible payment options.
Choosing the right card depends on your business’s spending patterns and priorities. Whether you want a simple rewards program, higher points in specific categories, or enhanced cash back on large purchases, Chase has a business credit card to help your business thrive.
