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Chase Business Cash Rewards Card Review
Issued by Chase
  
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Overall Rating:
Benefit Rating:
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The Chase Business Cash Rewards Card, issued by Chase, is designed for those with very good credit who are looking to consolidate business related expenses with one credit card and plan to take advantage of the rebate program.
Through the rebate program, cardholders receive up to 5% cash back on all their purchases with no limit on the amount of cash rewards that they can earn. However, the earnings are based on the following tiered system: one point per $1 for new net purchases totaling between $0 and $2,000 each billing cycle; five points per $1 for new net purchases totaling over $2,000 and up to $2,500 each billing cycle; and 1.25 points per $1 for new net purchases totaling over $2,500 each billing cycle. Therefore, not all purchases will earn the full 5% rebate. Cardholders receive $50 every time that they earn 5,000 points or they can choose to receive brand-name merchant gift certificates.
Aside from the rewards program, the card provides several benefits that include a purchase protection plan, travel accident insurance, and auto rental insurance.
The card has no annual fee and it provides a 0% introductory rate for up to twelve billing cycles on purchases and balance transfers. Once the introductory rate expires, the card has a reasonably low interest rate for purchases and balance transfers (for those who qualify).
Therefore, those who qualify for the lowest rate offered and plan to take advantage of the rewards program will benefit most from what the Chase Business Cash Rewards Card has to offer.
Through the rebate program, cardholders receive up to 5% cash back on all their purchases with no limit on the amount of cash rewards that they can earn. However, the earnings are based on the following tiered system: one point per $1 for new net purchases totaling between $0 and $2,000 each billing cycle; five points per $1 for new net purchases totaling over $2,000 and up to $2,500 each billing cycle; and 1.25 points per $1 for new net purchases totaling over $2,500 each billing cycle. Therefore, not all purchases will earn the full 5% rebate. Cardholders receive $50 every time that they earn 5,000 points or they can choose to receive brand-name merchant gift certificates.
Aside from the rewards program, the card provides several benefits that include a purchase protection plan, travel accident insurance, and auto rental insurance.
The card has no annual fee and it provides a 0% introductory rate for up to twelve billing cycles on purchases and balance transfers. Once the introductory rate expires, the card has a reasonably low interest rate for purchases and balance transfers (for those who qualify).
Therefore, those who qualify for the lowest rate offered and plan to take advantage of the rewards program will benefit most from what the Chase Business Cash Rewards Card has to offer.
Review Date: June 27, 2008
Note: The review on this card was updated on June 27, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% APR for up to 12 Months |
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Intro Applied Towards:
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Purchases, Balance Transfers |
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Additional Intro Details:
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Transferred balances must consist of business-related expenses. |
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Purchase APR:
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10.99% (Variable) The APR for purchases is based on the Prime Rate. |
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Cash APR:
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20.99% (Variable) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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20 Days (Min.) |
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Late Payment Fee:
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$15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 and over |
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Over the Limit Fee:
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$39 |
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Cash Advance Fee:
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3%, $10 minimum |
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Balance Transfer Fee:
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3%, $5 minimum, $99 maximum |
| Credit Card Reward Program Details (Point) | |
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Points Per Dollar:
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1 Point |
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Additional Points:
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Cardholders will earn 1 point per $1 for new net purchases totaling between $0 and $2,000 each billing cycle; 5 points per $1 for new net purchases totaling over $2,000 and up to $2,500 each billing cycle; and 1.25 points per $1 for new net purchases tota |
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Point Details:
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Cardholders receive $50 every time that they earn 5,000 points or they can choose to receive brand-name merchant gift certificates. |
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Expiration:
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None |
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Yearly Limit:
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None |
| Features | |
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Most Attractive Feature(s):
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| Rebate program; no annual fee; long term 0% introductory rate. | |
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Least Attractive Feature(s):
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| Higher APR for less qualifying applicants. | |
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Additional Features:
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| Various Internet account related services. No liability for unauthorized purchases. Year-end financial statement (upon request). Emergency cash replacement. Emergency card replacement. Lost and stolen card reporting. Travel accident insurance. Auto rental insurance (Auto Rental Collision Damage Waiver). Various travel and emergency assistant services. Extended warranty for purchases. Purchase protection. Visa Business Partner Advantage. See website for additional benefits. Certain restrictions, limitations, and exclusions apply. If an account is opened, please refer to the Guide to Benefits for details. |
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Important Notations
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| The APR for purchases and balance transfers varies according to the applicant's credit history and will be 5.99%, 9.99% or 14.99% + Prime Rate. The APR for cash advances varies according to the applicant's credit history and is either 15.99% or 19.99% + Prime Rate. See website for complete terms and conditions of card usage and application disclosure. | |
| Additional Information | |
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Apply Online for the Chase Business Cash Rewards Card from Chase See other Business Credit Cards See other Credit Cards Issued by Chase See other Visa Credit Cards |
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