Chase, the US consumer and commercial banking business of JPMorgan Chase & Co, has introduced a new credit card for small businesses that offers flexible and rich rewards.
Known as Chase Ink Business Preferred credit card, the new offering provides 80,000 bonus points after spending $5,000 in the first three months. That is equal to $1,000 when redeemed towards travel through Chase Ultimate Rewards.
The card rewards the spending of businesses with three points per dollar on the first $150,000 spent each account anniversary year in combined purchases on travel, shipping purchases, advertising purchases with search engines and social media sites, and on internet, cable and phone services.
Further, the cardholder also earns an unlimited 1 point per $1 spent on all other purchases.
Card members also receive other powerful business benefits, including employee cards at no additional cost, no foreign transaction fees, cell phone protection against covered theft or damage when the monthly cell phone bill is paid on the card, and trip cancellation/trip interruption insurance and auto rental collision damage waiver.
Other benefits available to cardholders include price, purchase, return and extended warranty protection, as well as fraud early warning and zero liability protection.
Chase Branded Cards president Pam Codispoti said: “The way small business owners have to run their business and stay ahead is constantly changing.
“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.”