Chase Announces Two New Business Credit Cards: Should You Get One?
By: Ed Vegliante
Chase recently announced the release of two new credit cards for the business community. The Chase Platinum Business card and the Chase Business Rebate Card are now available, giving business people more options and a better deal than what they can get through ordinary business cards. Are these cards worth getting? More importantly, do they offer to your business a reason to switch? Let’s examine the new cards and what they have to offer to you, the business person.There are business credit cards that adequately meet most business owners’ needs while there are other cards that really stand out. The two new credit card offerings from Chase are a pair of stand out performers.
Quarterly Management Reports
To help busy card holders, Chase’s two new cards share a common feature: they offer quarterly management reports for free. This is especially helpful when you consider that businesses must account for how their money is spent when it comes to tax time. By utilizing the management reporting feature, businesses can readily document important tax deductions. No worrying that something has been overlooked; the reports do the tracking for you. Less work for your busy accountants too!
0% Intro APR
Both the Chase Platinum Business Card and the Chase Business Rebate Card offer a fixed 0% APR for the first twelve billing cycles. This feature is especially helpful to the business needing the convenience of a credit card without worrying about paying off a large balance every month. New business owners are attracted to such a feature as the 0% introductory APR can relieve some of the pressure of financing a new entity.
Big Credit Lines
One of the toughest parts of starting a new business is securing an affordable line of credit. Your bank may offer terms, but those double digit rates can be a real turn off, especially if your cash flow is limited. The Chase Business Card and the Chase Platinum Business Card solve this problem by offering huge credit lines up to $35,000. You can save hundreds if not thousands of dollars in interest payments for the first year if you elect to go with a Chase card vs. the typical bank loan.
Important Ingredients
Both Chase cards offer no annual fee and have important balance transfer offers.
Distinguishing Features
As much as the two new cards have similarities to them, they each have a distinguishing feature. With the Chase Platinum Business Card you get additional benefits including $1 million dollar travel insurance, $3,000 lost luggage insurance, and more. With the Chase Business Rebate Card you can get as much as 3% cash back on select purchases. When you take a client out to eat, purchase supplies at the office or building supply stores, or fuel up your car, Chase rewards kick in when you use your card. For all other purchases the rewards rate is 1%.
Of course, the biggest decision for you is which card to select. Both cards come equipped with many useful features and are certain to attract customers who need a business card that works so well for them. Compare the offers and select the one that meets your needs and start benefiting from your new Chase business card today!
About: Click here to view Chase Business Credit Cards. Ed Vegliante runs http://www.credit-card-surplus.com, a directory of credit card offers. Source: Ezinearticles.com
Business Credit Cards - Building Your Business's Credit
By: Carrie Reeder
Business credit cards are useful for both new and established businesses. Credit cards are very convenient for purchasing office supplies or funding company trips. Because a good number of business owners are responsible, they also use credit responsibly. There are several advantages of business credit cards. Here are three reasons why a business account is beneficial to your businessBusiness Credit Cards: Steady Stream of Income
All businesses, especially seasonal businesses, have periods of slow sales. Furthermore, it may take a new business several months before grossing a sizeable return. During these transitional times, a business credit account will offer a continual flow of cash to cover expenses.
The majority of credit cards have a line of credit. Business owners can withdraw funds as needed. The money can be used to purchase equipment, supplies, advertisements, etc. For this reason, a business credit account can be considered a convenient investor.
Building a Businesses Credit History and Rating
Smart business owners know the value of their company being a separate entity. Hence, establishing company credit is extremely useful. Instead of constantly applying for company credit cards in your personal name, think about obtaining accounts in your company's name.
It takes time to build a company's credit. For a company to establish a good credit history, business owners must maintain regular payments and establish a good relationship with creditors. Moreover, business owners should closely monitor the company's credit account. Any negative remarks will reflect on the business owner's credit report.
Accurate Management of Business Expenses with a business credit card
When using a business credit account, all transactions are easy to trace. If you are self-employed or operating a small business, you must accurate document your income and expenses. This is necessary for tax purposes.
When companies rely on a checkbook or cash for purchases, there is room for errors and missed transactions. Thus, some business owners have a hard time calculating expenses at the end of the year. However, when a business credit card is used for major and small purchases, a business owner can easily track company expenses. Simply maintain copies of monthly credit card statements or request quarterly summaries from your credit card company.
About: View our recommended sources for business credit cards online. Carrie Reeder provides information about Bad Credit Loans on her ABC Loan Guide website Source: Ezinearticles.com
