Chase Expands Business Credit Card Line Up…..Again
By Steven Gibbs
November 30, 2009
Only days after announcing plans to expand lending in 2010 to provide business owners with more business credit cards, access to working capital, lines of credit and commercial mortgages; it looks like Chase is already starting to follow through for those with business checking accounts. This is in the form of two new cards called the "Ink" and the "Ink Capital" each with "Exclusive Benefits", which were created to thank business owners for utilizing multiple Chase accounts to run their businesses.
While each credit card has no-fee associated with it, each offer is very different on the rewards current checking account owners receive. The Ink which is geared for customers wanting to maximize their rewards gives Chase business checking customers the ability to earn their choice of a 20 percent bonus or 1.2 points for every dollar they spend on the card. There is no limit on the amount of points cardholders can earn, and the points never expire. Those points can then be redeemed through Chase’s "Ultimate Rewards" program. For the Ink Capital card, account holders earn a refund of their twelfth month’s interest every year they have their monthly payment automatically deducted from their Chase checking account.
As a whole the Ink line of cards were said to be created to deal with the primary needs of business owners including the ability to get capital and develop better cash flow. According to Chase, these two new business cards offer owners the ability to do just that while getting the best rewards possible in a very difficult economic environment.