Chase Unveils New Small Business Credit Card

Chase Unveils New Small Business Credit Card

November 16, 2016         Written By Lynn Oldshue

Chase launched its new  this week, which allows small businesses to earn rewards on their most frequent expenditures.

New cardmembers will earn 80,000 bonus points if they spend $5,000 in their first three months as cardholders, which is worth $1,000 when redeemed towards travel rewards through Chase Ultimate Rewards. They will also earn three points per $1 on the first $150,000 spent on:

  • Shipping purchases
  • Travel, including airfare, hotels, car rentals, taxis and trains
  • Advertising on social media sites and through search engines such as Google AdWords or Facebook
  • Internet, cable and phone services

Cardholders earn 1 point per $1 on all other purchases.

cardmembers can also choose their rewards and can redeem points for cash back, gift cards or ‘Shop with Points’ on Amazon, or travel through Chase Ultimate Rewards, where points are worth 25% more. Points can also be transferred to frequent traveler programs at full value, and the points do not expire as long as the account is open.

Small business owners will receive a number of other benefits with their card, including:

  • Additional cards for employees at no additional cost
  • No foreign transaction fees
  • Travel benefits, such as trip cancellation/interruption insurance and auto rental collision damage waiver
  • Price, purchase, return and extended warranty protection
  • Fraud early warning and zero liability protection
  • Cell phone protection against theft or damage, if the cell phone bill is paid with the card

The $95 annual fee for the card can be waived for a year if the account is opened at a Chase branch.

“The way small business owners have to run their business and stay ahead is constantly changing,” said Pam Codispoti, President of Chase Branded Cards. “We designed Chase Ink Business Preferred with today’s small business owners in mind so they can earn more points in growing categories like digital advertising and, in turn, redeem points to help fuel the growth of their business.”

The information contained within this article was accurate as of November 16, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
View all posts by Lynn Oldshue
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