By Budget Savvy Hub | Updated February 10, 2024

When it comes to choosing the right business credit card, Chase offers a variety of options to suit different needs. In this article, we will compare the top Chase business credit cards – the Chase Sapphire Preferred Card, Chase Ink Business Preferred Card, and Chase Business Cash Card – to help you find the best fit for your business.

Key Takeaways

• Compare and contrast the rewards programs of each card to determine which offers the most value for your business.
• Consider the travel benefits provided by each card and how they align with your business travel needs.
• Evaluate the annual fees associated with each card and weigh them against the benefits and rewards offered.
• Look into the specific business rewards offered by the Chase Ink Business Preferred Card to see if they align with your business spending categories.
• Take advantage of the cell phone protection and employee card options provided by the Chase Ink Business Preferred Card to enhance your business operations.

Chase Sapphire Preferred Card

Rewards Program

Earn rewards on every purchase with the Chase Sapphire Preferred Card. The card offers 2x points on travel and dining at restaurants worldwide, and 1 point per dollar spent on all other purchases.

• 2X points on travel and dining
• 1 point per dollar on all other purchases
• Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards

With the Chase Sapphire Preferred Card, your spending earns more than just points; it opens up a world of travel opportunities and dining experiences.

Travel Benefits

The Chase Sapphire Preferred Card offers a suite of travel benefits designed to make your journeys more enjoyable and cost-effective. Enjoy trip cancellation/interruption insurance and auto rental collision damage waiver when you’re on the move. For frequent travelers, these protections offer peace of mind and potential savings.

Baggage delay insurance and travel and emergency assistance services are also included, ensuring you’re covered during those unexpected travel mishaps. These benefits are particularly valuable for business owners who travel often and need to ensure every trip is as smooth as possible.

The Chase Sapphire Preferred Card is tailored to the needs of the modern traveler, providing a combination of luxury and practicality that is hard to match.

Here’s a quick overview of the key travel benefits:

• Trip cancellation/interruption insurance
• Auto rental collision damage waiver
• Baggage delay insurance
• Travel and emergency assistance services

Annual Fee

The Chase Sapphire Preferred Card comes with an annual fee that is competitive within the premium credit card market. The fee is justified by the extensive rewards and benefits the card offers, particularly for those who travel frequently.

• First year: Waived
• Subsequent years: $95

This fee structure allows cardholders to experience the card’s benefits without upfront costs, making it an attractive option for new users. It’s important to note that the value gained from the card’s rewards and benefits should outweigh the cost of the annual fee to make it a worthwhile investment for your business.

The annual fee is a consideration that requires weighing the card’s perks against the cost to ensure it aligns with your financial strategies.

Chase Ink Business Preferred Card

Business Rewards

The Chase Ink Business Preferred Card stands out for its robust business rewards program, designed to benefit business owners on their everyday spending. Earn 3 points per dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines each account anniversary year.

• 1 point per dollar on all other purchases.
• No limit to the amount of points you can earn.
• Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.

The rewards program is tailored to maximize benefits for businesses, making every dollar spent work harder for your company’s growth.

Cell Phone Protection

The Chase Ink Business Preferred Card offers a valuable perk for today’s connected business owners: cell phone protection. This benefit provides coverage against theft or damage for you and your employees’ phones when you pay your monthly phone bill with the card.

Coverage is up to $600 per claim with a limit of three claims per 12-month period. A $100 deductible applies to each claim, ensuring that minor mishaps won’t break the bank.

• Pay monthly phone bill with the card
• Up to $600 coverage per claim
• Maximum of 3 claims per year
• $100 deductible per claim

This protection not only offers peace of mind but also adds a layer of financial security for your business’s communication tools.

Employee Cards

The Chase Ink Business Preferred Card extends its utility by offering free employee cards. This feature allows business owners to streamline expenses by consolidating all business-related purchases onto one account. Manage your business’s spending more effectively by distributing cards to your team members, enabling them to make purchases on behalf of the company.

Employee cards come with individual spending limits that can be set by the account holder, ensuring that employees can spend only up to a certain amount. This control mechanism is crucial for maintaining budget discipline.

With the Chase Ink Business Preferred Card, you can also set custom spending limits for each employee card, providing flexibility and control over your business expenses.

Here’s a quick overview of the benefits:

• Simplify expense tracking and reporting
• Earn rewards from employee spending
• Set individual spending limits
• No additional cost for employee cards

Chase Business Cash Card

Cash Back Rewards

The Chase Business Cash Card offers a compelling cash back rewards program tailored for the savvy business owner. Earn 1% to 5% cash back on every purchase, with higher rates applied to specific business categories. This straightforward rewards system ensures that your business expenses work for you.

• 5% cash back on office supply stores and internet, cable, and phone services (up to $25,000 in combined purchases annually)
• 2% cash back at gas stations and restaurants (up to $25,000 in combined purchases annually)
• 1% cash back on all other purchases

The simplicity of the cash back program means no complicated points to track or redeem. Your rewards are easily applied as a statement credit or direct deposit, providing flexibility and immediate value to your business.

Introductory APR

The Chase Business Cash Card offers an enticing introductory APR on purchases for the first 12 months from account opening. This feature can be particularly beneficial for businesses planning to make large purchases or wanting to manage cash flow during the initial stages of operation.

Take advantage of the 0% introductory APR to help your business save on interest expenses and invest more into growth. It’s important to note that after the introductory period, a variable APR will apply based on your creditworthiness and market conditions.

Remember, staying informed about the APR changes after the introductory period is crucial to avoid unexpected costs.

Here’s a quick overview of the APR details:

Period	APR
Introductory (First 12 months)	0%
Post-Introductory	Variable

No Annual Fee

One of the most appealing features of the Chase Business Cash Card is its lack of an annual fee. This makes it an excellent choice for businesses looking to minimize costs while still reaping the benefits of a credit card. Without the burden of an annual fee, businesses can allocate more funds towards growth and operational expenses.

Cost-effectiveness is a crucial factor for any business, and the Chase Business Cash Card directly supports this by eliminating the annual fee. This feature is particularly beneficial for small businesses and startups that are sensitive to additional costs.

The absence of an annual fee with the Chase Business Cash Card can be a significant advantage for businesses that prioritize straightforward financial management and cost control.

While considering the Chase Business Cash Card, it’s also worth noting the top business bank accounts that can complement your company’s financial health. Here’s a brief list:

• Chase
• Bank of America
• Wells Fargo
• U.S. Bank
• Capital One

Evaluate these options based on their fees, features, benefits, and eligibility requirements to ensure optimal financial management for your business.

Conclusion

In conclusion, choosing the right business credit card is a crucial decision for any business owner. By comparing the top Chase business credit cards, you can find the best fit that aligns with your business needs and goals. Whether you prioritize rewards, low interest rates, or specific perks, there is a Chase business credit card that can meet your requirements. Take the time to evaluate your options and select the card that will help you manage your business expenses effectively and maximize your benefits.

Frequently Asked Questions

What are the eligibility requirements for Chase business credit cards?

To qualify for a Chase business credit card, you typically need to have a business entity, a good credit score, and meet the income requirements set by Chase.

How can I maximize the rewards on my Chase business credit card?

You can maximize rewards by taking advantage of bonus categories, utilizing sign-up bonuses, and using your card for business expenses.

Are there any foreign transaction fees associated with Chase business credit cards?

Chase business credit cards generally do not charge foreign transaction fees, making them ideal for international business travel.

Can I request additional employee cards for my Chase business credit card account?

Yes, you can request additional employee cards for your Chase business credit card account to streamline business expenses and track employee spending.

What is the process for redeeming rewards earned on Chase business credit cards?

You can redeem rewards earned on Chase business credit cards through the Chase Ultimate Rewards portal, where you can choose from various redemption options such as travel, cash back, gift cards, and more.

Do Chase business credit cards offer any insurance benefits for travel or purchases?

Chase business credit cards may offer travel insurance benefits, purchase protection, extended warranty coverage, and other valuable insurance perks to provide added security and peace of mind for your business transactions.