It’s rare when a major bank adds a new credit card to its suite of offerings, but today, Chase has done just that. Chase has provided great credit card options for small business owners for years, and have now added a new card to the Ink line — the Chase Ink Business Unlimited.
While many of the features of thewill carry over to the Business Unlimited, a key change may make it even more appealing to business owners.
The main difference between the Ink Business Cash and the Unlimited is in the cash-back percentages. The Ink Business Cash lets cardholders, but with the new Unlimited card you can To get that 5% back on purchases with the Ink Cash, they need to be made at certain vendors — office supply stores — or on certain purchases like internet, cable and phone bills. The Unlimited offering means you can — no need to remember the purchase categories. That could appeal to businesses who don’t spend enough at office supply stores or on cable to make the 5% lucrative for them.
What’s the Same
Like the Ink Business Cash, the new Ink Business Unlimited will offer, and you will still be able to .
There is aannual fee for the new Unlimited card (matching the Ink Cash card) and the foreign transaction fee will also match the Ink Cash at . The interest rate is , and you’ll have access to additional employee cards for no additional cost.
What It Means for You
The Ink Business Unlimited card gives you the same great introductory offer as the Ink Business Cash card with a establish business credit — Chase reports business credit card data to Dun & Bradstreet, Experian, Equifax & the Small Business Financial Exchange. Just be aware that defaulting on the card or making late payments could impact your personal credit scores. (You can check your personal and business credit data for free at Nav.)annual fee, but the change in cash-back rewards is where you can see the most benefit. If you don’t already have a business credit card, getting one can help you