Review: Ink Plus Business Card From Chase

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Reward credit cards are a great way to earn cash and travel from day-to-day spending – as long as you always pay your balance in full and on time.

When you use a credit card for business expenses, the rewards can be even greater. Just last week, I analyzed Chase’s Ink Bold Card with Ultimate Rewards that meets this need – but it’s only a charge card. That means cardholders must pay the balance in full. But now businesses that want to carry a balance but still earn rewards can sign up for Chase’s Ink Plus Business Card

Advantages

  • Earn up to 50,000 Ultimate Rewards points as a sign-up bonus – 25,000 with your first purchase and 25,000 after spending $10,000 within the first three months.
  • Earn points from spending. Ink Plus returns a remarkable 5 points per dollar (up to $50,000 per year) spent at office supply stores and on cellular phone, land-line, Internet, and cable TV services. Two points per dollar spent are earned at gas stations and hotels, while 1 point per dollar is earned on most other purchases.
  • Use Ultimate Rewards points for travel. These points are worth 1 cent each as a statement credit. Or you can transfer them to the programs of United, British, Korean, or Southwest airlines, as well as several hotel programs.
  • Introductory financing. New cardholders receive zero-percent APR promotional financing on both new purchases and balance transfers for six months. After that, the standard APR is 13.24 percent.
  • No foreign transaction fees. Many cards charge 3 percent on transactions processed outside the United States.
  • Airport business lounge access. This card comes with a Lounge Club membership that’s good for two free visits to eligible business lounges, and discounted admission thereafter.

Disadvantages

  • Annual fees. There’s a $95 annual fee that’s waived the first year. This is pretty reasonable considering all of the benefits, but there are other quality reward cards without any annual fee.
  • Limited point-transfer partners. The Ultimate Rewards program is good, but cards with American Express’ Membership Rewards and the Starwood Preferred Guest program offer more airline transfer partners.

Bottom line

Get it if: You’re looking for the maximum number of Ultimate Rewards points from your business spending.

Forget it if: You don’t want to have an annual fee or you never want to carry a balance.

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