You’ve seen the commercials but is the Chase Ink card really as good as they say? Here’s what you need to know…
To be honest, when the Chase Ink credit cards first came out I was pretty skeptical – Are their rewards and benefits truly better than the other guys? After thoroughly researching them, I can conclusively say they are the best. But don’t take my word for it, take a look for yourself…Chase Ink can help you build credit, most business cards can’t…
Did you know that most business credit cards do NOT report your account history – neither to the big 3 credit agencies, nor the leading business credit agency Dunn & Bradstreet? That means most are worthless for building credit.I found this out the
hard way with my very first business credit card from American Express. Two years after having it I tried applying for a big loan, only to discover it wasn’t anywhere on my credit file. I came to find out the reason for this is because AmEx does not report business credit cards whatsoever. The only time they report them is if you default on your debt and it is written off. I like their cards but the inability to build credit is a major drawback.
However the Chase Ink business credit cards are different – they DO report your account history, making them the best choice for building/maintaining your business credit record!
Cardmember Benefits
Chase gives you a ton of benefits that you’re not likely to see on other business cards.On the no annual fee versions (Chase Ink & Ink Cash) you get the following benefits for free:
- Purchase Protection: All of your eligible purchases are protected for up a full 90 days from date of purchase for covered reasons like accidental damage and theft. This benefit will repair, replace, or reimburse you for them.
- Extended Warranty: Ever have a computer breakdown right after the warranty is up? For all eligible purchases with an original manufacturer’s warranty of 3 years or less, coverage will automatically be extended up to one full additional year absolutely free.
- $100,000 Travel Accident Insurance: Coverage for accidental death or dismemberment for eligible travel via common-carrier (plane, bus, train, or ship). For the Chase Ink Bold card coverage is up to $500,000.
- Auto Rental Collision Damage Waiver: Coverage up to the actual value of most rental cars due to collision or theft.
- Premium Customer Service: dedicated, top tier customer service 24/7
- Price Protection: Ever buy something only to see it go on sale afterward? If this occurs within 90 days on an eligible purchase, your Ink credit card will reimburse you for the difference.
- Return Protection: Store won’t accept your return? If you bought it with your Chase Ink credit card, you can be reimbursed for the purchase price on eligible items within 90 days from date of purchase.
- Airport Lounge Access: You get one full year of free Priority Pass membership ($99 value) plus 2 free visits ($54 value). Over 600 first-class airport lounges in 100+ countries participate.
- Additional Travel Benefits: trip cancellation insurance, trip delay coverage, lost luggage reimbursement, baggage delay refund, complimentary concierge service
Rewards Comparison
This was a smart move by Chase. They know the small business credit card industry is competitive, so they really went all out with the reward programs. Here is a straight forward side-by-side comparison of the four different Ink cards and their rewards. CreditCardForum’s special sponsored signup bonuses (the best available) are also included below:
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