Chase Bank’s New Business Credit Card Offers Unlimited Cash Back
As simple rewards programs with straightforward requirements attract the attention of credit card customers, banks are extending attractive offers to small businesses, as well.
Chase Bank’s newest addition to their credit card lineup is the Ink Business Unlimited Card. Users get 1.5% cash back on every purchase without category restrictions or rewards limits. There’s no annual fee and card users can redeem rewards at any time.
Credit card companies compete for new customers with rewards programs that sometimes seem too good to be true. Consumers are less interested in complicated spending requirements and ever-changing categories, though. Small business owners want rewards but don’t want to jump through hoops to get them.
New users who spend $3,000 on the Ink Business Unlimited card in the first 90 days get a $500 signup bonus. This is a great deal for new cardholders, but it’s even better for those that have another card that’s compatible with Ultimate Rewards points.
Chase Bank partners with airlines and hotels to offer consumers who use any Chase card the opportunity to combine their Ultimate Rewards points for travel rewards. The Ink Business Unlimited Card offers cash back in the form of points that users can redeem for the equivalent of 1.5 cash back on unlimited purchases.
To be eligible for the Ink Business Unlimited card, you’ll need to answer questions about the services or products you sell. If you don’t have a registered business or a tax identification number, you can use your Social Security number on the application.
Small business owners who are shopping for a new credit card with great rewards have a few tempting options. The Chase Ink Business Preferred credit card offers 3 Ultimate Rewards points for every $1 up to $150,000 in combined shipping, travel, social media and search engine advertising, internet, cable, and phone service purchases. All other purchases with the card earn an unlimited 1 point per $1 spent on the card.
Users who redeem points for travel through the Chase Ultimate Rewards program get a 25% points bonus. No matter which Chase bank card business owners choose, Chase Ultimate Rewards points never expire, as long as the account is in good standing.
For business owners looking for a lucrative cash back program, Capital One Spark Cash Back for Business deserves a second look. This card offers unlimited 2% cash back and a one-time new user $500 cash bonus after spending $4,500 on purchases with three months of opening the account. There’s no annual fee for the first year and it’s $95 per year after.
For those who spend less on their business credit card but want a great cash back program, the Chase In Business Cash Card is another solid option. Users get 5% cash back on the first $25,000 spent on internet, cable, and phone services and at office supply stores with the card each year on the anniversary of opening the account. There’s a 2% cash back reward that works the same way for up to $25,000 in purchases at restaurants and gas stations. All other purchases earn an unlimited 1% cash back. This card has no annual fee.