Maximizing the Benefits of a Chase Business Credit Card: Your Ultimate Guide
As a business owner, you are always on the lookout for ways to save money and maximize your profits. One of the best ways to do that is by using a Chase business credit card. In this guide, we will explore how you can maximize the benefits of your Chase business credit card to help you save money and grow your business.
Introduction
Chase business credit cards offer a wide range of benefits, from cashback rewards to travel perks and much more. However, to make the most of these benefits, you need to understand how to use them strategically. With the right strategy, you can save money on purchases, earn rewards, and even build your credit score.
Benefits of a Chase Business Credit Card
Chase business credit cards offer a wide range of benefits to help you save money and grow your business. Here are some of the top perks that you can enjoy:
Cashback Rewards
Many Chase business credit cards offer cashback rewards on purchases. For example, the Chase Ink Business Cash℠ Credit Card offers 5% cashback on the first $25,000 in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. This can add up quickly, especially if you make a lot of purchases in these categories.
Travel Perks
If you or your employees travel for business, a Chase business credit card can help you save money on travel expenses. Many Chase business credit cards offer perks such as free checked bags, priority boarding, and even airport lounge access. For example, the Chase Ink Business Preferred℠ Credit Card offers up to $600 in cell phone protection coverage and up to $5,000 per trip for trip cancellation/interruption insurance when you pay for your trip with your card.
Bonus Points
Chase business credit cards often offer bonus points for certain purchases. For example, the Chase Ink Business Preferred℠ Credit Card offers 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping, internet, cable, and phone services, and advertising purchases made with social media sites and search engines each account anniversary year.
How to Maximize the Benefits of a Chase Business Credit Card
Now that you know some of the benefits of a Chase business credit card, it’s time to learn how to maximize those benefits. Here are some tips:
Pay Your Balance in Full Each Month
To avoid paying interest charges, it is important to pay your balance in full each month. This will also help you maintain a good credit score.
Use Your Card for Business Expenses Only
To keep your personal and business expenses separate, use your Chase business credit card for business expenses only. This will also make it easier to track your expenses for tax purposes.
Take Advantage of Bonus Categories
Be sure to take advantage of bonus categories to earn as many points as possible. For example, if your Chase business credit card offers bonus points for office supply stores, consider stocking up on supplies to maximize your rewards.
Redeem Your Rewards Strategically
When you redeem your rewards, do so strategically. For example, if you plan on traveling soon, use your rewards to book a flight or hotel. This will help you save money on travel expenses.
In Conclusion
A Chase business credit card can be a valuable tool for saving money and growing your business. By understanding the benefits and using your card strategically, you can maximize your rewards and build your credit score. So, be sure to research the various Chase business credit cards available, choose one that fits your needs, and start reaping the benefits today.
