Selecting the right business credit card is a strategic decision for financial, investing, and trading firms.
Such businesses require cards that offer substantial rewards on large purchases, have comprehensive protection benefits, and offer flexibility in redemption.
Chase’s lineup of business credit cards provides a variety of options suitable for these firms.
We’ll cover the following four business credit cards for financial, investing, and trading firms:
- Chase Ink Business Unlimited®
- Chase Ink Business Premier℠
- Chase Ink Business Preferred®
- Chase Ink Business Cash℠
Chase Ink Business Premier (High Spending Flexibility)
Big Ticket Cash Back
The Chase Ink Business Premier card is tailored for firms that make significant purchases, offering 2.5% cash back on each purchase of $5,000 or more, which can be particularly advantageous for firms investing in high-cost equipment or services.
Annual Costs and Transaction Fees
While the card comes with a $195 annual fee, it waives foreign transaction fees, a valuable feature for firms dealing with international clients or investments.
Reward Redemption
Rewards are redeemable for cash or through the Chase Ultimate Rewards program, but cannot be transferred to other cards or travel partners, ensuring the rewards are spent within the company.
Chase Ink Business Unlimited (Consistent Cash Back)
Unlimited Rewards
The Chase Ink Business Unlimited card is an excellent choice for firms looking for consistent cash back on all purchases with an unlimited 1.5% cash back on every transaction, supporting regular operational costs.
Zero Annual Fee and Introductory Offers
No annual fee and a 0% introductory APR on purchases for the first 12 months make it a cost-effective option, especially for newly established firms.
Cash Back Usage
The card’s cash back rewards are flexible, do not expire, and can cover a wide range of business needs from travel to office supplies.
Chase Ink Business Cash (Category-Specific Spending)
Enhanced Cash Back in Key Categories
For firms that spend heavily in specific categories, the Chase Ink Business Cash card offers 5% cash back at office supply stores and on telecommunications services—expenses that are common in the financial sector.
Introductory Perks
With no annual fee and an introductory 0% APR for 12 months, it’s a budget-friendly option for smaller firms or those looking to maximize returns on routine expenses.
Dining and Fuel Rewards
Additionally, spending at restaurants and gas stations earns 2% cash back, which could benefit firms that host client meetings or have staff on the move.
Chase Ink Business Preferred (Travel and Diverse Spending)
Travel Points and Bonus Rewards
The Chase Ink Business Preferred card is ideal for firms with frequent travel or diverse business spending, offering 3 points per dollar in select categories including travel and advertising.
Enhanced Travel Redemption Value
Points redeemed for travel through Chase Ultimate Rewards are worth 25% more, an incentive for firms to use this card for booking business trips.
Annual Fee Justification
The $95 annual fee is justified by the card’s extensive travel perks and no foreign transaction fees, ensuring that financial firms can do business globally without incurring additional costs.
Protection Across the Board
Each Chase card offers robust protection benefits, ensuring peace of mind with travel insurance, fraud protection, and extended warranty coverages.
This aspect is crucial for financial firms, where transaction security is paramount.
Choosing the Right Card
When choosing a card, financial, investing, and trading firms should consider their spending patterns, preferred rewards, and the financial benefits that align with their business strategy.
Whether the priority is flexible cash back options, travel rewards, or maximizing points through business spending, Chase provides a versatile selection to cater to the nuanced needs of the financial sector.
Q&A – Best Business Credit Cards for Financial, Investing & Trading Firms
What are the key differences in reward structures among the Chase Ink Business Unlimited®, Premier℠, Preferred®, and Cash℠ cards?
- Chase Ink Business Unlimited®: Offers unlimited 1.5% cash back on all purchases.
- Chase Ink Business Premier℠: Provides 2.5% cash back on purchases of $5,000 or more and 2% cash back on all other purchases.
- Chase Ink Business Preferred®: Rewards with 3 points per $1 on travel and select business categories, and 1 point per $1 on all other purchases.
- Chase Ink Business Cash℠: Gives 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services annually, 2% back on gas stations and restaurants, and 1% back on all other purchases.
How does the Chase Ink Business Preferred® card cater to the needs of financial firms with frequent travel?
The Chase Ink Business Preferred® card is optimized for travel by offering 3 points per dollar on travel expenses, with points worth 25% more when redeemed for travel through Chase Ultimate Rewards. This benefit is particularly valuable for financial firms that travel often for client meetings or investments.
What are the annual fees for each of the Chase Ink business cards suitable for financial firms?
- Chase Ink Business Unlimited®: $0 annual fee.
- Chase Ink Business Premier℠: $195 annual fee.
- Chase Ink Business Preferred®: $95 annual fee.
- Chase Ink Business Cash℠: $0 annual fee.
Which Chase Ink card offers the best cash back options for office supplies and telecom services?
The Chase Ink Business Cash℠ card offers the best cash back options for office supplies and telecom services with 5% cash back on the first $25,000 spent in combined purchases each account anniversary year.
Are there any Chase Ink business cards that waive foreign transaction fees for international transactions?
The Chase Ink Business Premier℠ and Chase Ink Business Preferred® cards both waive foreign transaction fees, making them suitable for firms engaging in international transactions.
What sign-up bonuses are available for the Chase Ink Business cards?
- Chase Ink Business Unlimited®: $750 bonus cash back after spending $6,000 on purchases in the first 3 months.
- Chase Ink Business Premier℠: $1,000 bonus cash back after spending $10,000 on purchases in the first 3 months.
- Chase Ink Business Preferred®: 100,000 bonus points after spending $15,000 on purchases in the first 3 months.
- Chase Ink Business Cash℠: $750 bonus cash back after spending $6,000 on purchases in the first 3 months.
Can rewards points earned with Chase Ink Business cards be transferred to airline and hotel loyalty programs?
Points earned with the Chase Ink Business Preferred® card can be transferred to multiple airline and hotel loyalty programs, offering great versatility for travel planning.
What introductory APR periods are offered by Chase Ink Business cards?
- Chase Ink Business Unlimited® and Chase Ink Business Cash℠: 0% introductory APR on purchases for 12 months.
- Chase Ink Business Premier℠ and Chase Ink Business Preferred®: These cards do not offer an introductory APR on purchases.
How do the Chase Ink Business cards compare in terms of fraud protection and security features?
All Chase Ink Business cards offer robust fraud protection, including real-time fraud monitoring, zero liability protection, and the ability to instantly lock your card if misplaced.
What are the redemption options for rewards on the Chase Ink Business Unlimited® and Cash℠ cards?
Rewards on the Chase Ink Business Unlimited® and Chase Ink Business Cash℠ cards can be redeemed for cash back, gift cards, travel, and more through Chase Ultimate Rewards, with no minimum redemption amount.
Does the Chase Ink Business Premier℠ card offer a higher cash back rate on large business purchases?
Yes, the Chase Ink Business Premier℠ offers a higher cash back rate of 2.5% on each purchase of $5,000 or more, catering to businesses with larger transactions.
Are there any spending caps on the rewards for the Chase Ink Business Cash℠ card?
Yes, the Chase Ink Business Cash℠ card has spending caps for its higher cash back rates: 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on telecom services annually, and 2% cash back on the first $25,000 spent at gas stations and restaurants annually.
Which Chase Ink Business card is the most advantageous for client entertainment expenses?
The Chase Ink Business Cash℠ card is most advantageous for client entertainment expenses, offering 2% cash back on the first $25,000 spent at restaurants each account anniversary year.
How do the variable APR rates compare across the Chase Ink Business card offerings?
- Chase Ink Business Unlimited®: After the introductory period, a variable APR of 18.49% – 24.49% applies.
- Chase Ink Business Premier℠: The variable APR ranges from 19.49% – 27.49%.
- Chase Ink Business Preferred®: Variable APR of 21.24% – 26.24% on purchases and balance transfers.
- Chase Ink Business Cash℠: After the introductory period, a variable APR of 18.49% – 24.49% applies.
What types of purchase protection benefits do the Chase Ink Business cards provide?
All Chase Ink Business cards come with purchase protection benefits, which typically include coverage for new purchases against damage or theft for 120 days, extended warranty protection, and car rental damage collision waiver when you rent a car for business purposes.
