Chase Introduces Two New Business Cards for Checking Customers

“These additional benefits allow us to thank our business customers for expanding their relationship with Chase,” said Kevin Watters, head of Business Banking at Chase.

Just last week, Chase announced it plans to expand lending by $4 billion in 2010 to provide businesses with increased access to working capital, term loans for expansion, commercial mortgages, lines of credit, and business credit cards.

“Small business owners are working hard in this challenging economic environment and Ink from Chase offers the ability to manage cash flow while maximizing rewards on their every day spending,” said Richard Quigley, president of business cards at Chase Card Services.

The two new Ink from Chase cards:

• Ink with Exclusive Benefits is a no-fee business card for customers who want to maximize their rewards. Chase business checking customers earn a 20 percent bonus – or 1.2 points for every dollar they spend on the card – with no limits on the points they can earn, and the points never expire. The rewards points can be redeemed for millions of rewards options through Ultimate RewardsSM, including cash back, gift cards, unrestricted travel, and brand-name merchandise.
• Ink Capital with Exclusive Benefits is a no-fee business card for customers who want to manage their cash flow with a low interest rate. Chase checking account customers earn a refund of their 12th month’s interest each year when they have their monthly payment automatically deducted from a Chase checking account.

Chase engineered the Ink business cards to address the fundamental financial needs of small business owners’ including access to capital and improved cash flow.