Getting the right credit card can help businesses keep everything running smoothly by leveraging the ability to use credit. With business credit cards, you can make the most out of access to additional funds, while also enjoying some perks and advantages.
These cards also have offer programs such as cashback rewards in order to help card users save while they spend money. If you are looking for a business credit card that can help you manage and monitor your credit limit, check out the Ink Business Unlimited credit card.
Learn more about this business credit card from Chase Bank in this article.
Features and Benefits
The Ink Business Unlimited credit card is packed with various features. It lets users manage cash flow and build business credit. Cardholders can also separate personal and business expenses by connecting the card to bookkeeping software.
Cardholders get reports regarding their accounts including quarterly insights and up to 24 months of statements. Additionally, the account keeps track of transactions, which can be used to maintain records for business and bookkeeping purposes.
This card offers cashback rewards to enhance the user’s ability to maximize their transactions. It lets cardholders earn an unlimited 1.5% in cash back for every purchase they make.
As a further bonus, spending $6,000 on purchases using the card within the first three months will entitle users to a bonus of $900 in cash back.
Customers can redeem their cashback rewards anytime. Rewards can be redeemed for gift cards, travel offers, and other benefits through Chase Ultimate Rewards.
Chase Bank offers Ink Business Unlimited credit cardholders an introductory APR of 0% for the first 12 months after account opening.
For those who need to issue credit cards to their employees, getting additional employee cards costs nothing. This allows the primary holder to earn awards faster. Card owners can also set customized spending limits.
Business owners can also rest easy with the bank’s Fraud Protection, and Purchase Protection programs. For personalized Account Alerts, customers can set up their notification settings for maximum protection.
Prospective applicants can also consider the Ink Business Cash credit card offered by Chase Bank if it is more applicable to their business needs.
Application Process & Requirements
To apply for this card, interested individuals can apply online through the Chase website. Applicants will need to provide the legal name of their business, business name on card, as well as trade names, assumed names, or Doing Business As names.
The business’ mailing address, phone, tax identification number, and annual business revenue or sales are also required details.
For the authorizing officer, the bank needs to know their title or position, address, primary phone number, Social Security Number or Tax Identification Number, and total gross annual income.
Applicants will be required to submit documentation of the business’ financial and income statements, business registration, and income tax returns.
For the authorizing officer, a copy of their bank statement, income, and other similar files may be required.
The bank may also consider the business’ creditworthiness. This will dictate the rates that will be applied to the cardholder and their transactions. It can also affect the credit limit.
Rates and Charges
- Annual Fee – $0
- APR – 0% for the first 12 months, 17.74% to 23.74% thereafter
- Cash Advance APR – 29.49%
- Balance Transfer APR – 17.74% to 23.74%
- Balance Transfer Fee – $5 or 5% of the amount, whichever is greater
- Cash Advance Fee – $15 or 5% of the amount, whichever is greater
- Late Payment – $40
- Return Payment – $40
- Foreign Transaction Fee – 3% of the amount in USD
Bank Contact Info
To learn more about this card, interested individuals should get in touch with the bank. Its customer service number is 1-800-935-9935. For business credit card services, call 1-800-945-2028.
For mail, Chase Bank’s headquarters is located at 270 Park Avenue New York, NY 10017.
Further products with Chase Bank and Ink include the Ink Preferred credit card.
Getting a business card for a company offers a lot of perks and features. With the right card, the business can monitor, manage, and protect its financial transactions via credit card with more ease.
You should note that there are small business cards as well as credit cards for larger organizations, so make sure to get the card that is right for your business.
Disclaimer: There are risks involved when using credit card products. Always be sure to read the bank’s terms and conditions page for more information.