CHASE INK BUSINESS CASH CREDIT CARD

Features of the Ink Business Cash Credit Card

This is the business credit card from Chase. It is offered with no annual membership fee and annual percentage rates, depending on the creditworthiness for the applicant’s business. The company offers promotional 0% APR for purchases and balance transfers for the first 6 months after opening of the account. When the promotional period is over the annual percentage rates are between 13.24% and 19.24% based on the creditworthiness. These percentages are for purchases and are dependable on the prime rate, found in the money section of the Wall Street Journal. The APR for cash advances and overdraft advances are 19.24% for cardholders with purchases APR up to 19.24%. If the purchases APR is 19.24% the APR for advances will be 23.24%.

The annual percentage rate will increase to 29.99% in cases of violation of the cardholder agreement. Late payments, payments which has been returned unpaid, excess of the credit limit are considered violations for which the penalty APR will apply indefinitely.

Benefits of the Ink Business Cash Credit Card

This is one of cards powered by Chase which is related to the cash back reward program. The basis of this program is collecting cash back points for every dollar spent on eligible net purchases. One point is equal to 1% cash back or $0.01, which means that 30000 points can be redeemed for a check of $30. The cardholder collects 1 base point for every $1 he/she spends on net purchases. Additional 4 points can be received per $1 of net purchases in merchants of wireless/telecommunications services, cable or TV services, office supply and wholesalers, which state Visa/MasterCard on their statements. This promotion has a limit of 100000 points or $25000 of purchases. One additional point is earned per $1 of purchases in facilities such as restaurants and gas stations. For these additional points the limit is 25000 points. An Additional point can be collected for every dollar spent on airfare online through the program booking tool. This promotion has no limitations as to how many points an account can accumulate. Points in this program can be earned only through purchases and not cash advances, balance transfers, foreign transactions and any types of checks, interest or fees.

One-time bonus promotion is the $150 or 15000 bonus points for each new card member. He/she can receive the bonus points after the first purchase, balance transfer or foreign transaction made with the card. Cash Advances are excluded as ineligible for this type of bonus promotion.

Another bonus of this credit card is that it is offered with free employee cards. The cardholder can gain points on employees’ purchases and can also manage their spending by imposing limits.

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