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According to a leaked image, it seems that Chase will be adding a new Business credit card to its lineup of Ink credit cards. Although Chase has yet to confirm the full card details, some information was made available in the image.
- Earn 1.5% Cashback on all purchases
- $500 signup bonus after spending $3,000 in the first 3 months of card membership
- No annual fee
The 5/24 rule
We have no doubt that the new card will be subject to Chase’s 5/24 rule. However, remember that most Business cards are not taken into account when Chase uses the 5/24 rule as they don't report to your personal credit report. Adding this card to your credit portfolio won't increase your 5/24 count.
This card seems to be a business version of the Chase Freedom Unlimited®. The card’s features—earning 1.5% cashback on your business purchases, being able to combine your cashback into Chase Ultimate Rewards (we hope this benefit will continue), and having no annual fee–make it an interesting option for those who don’t need the extras provided by the Ink Business Preferred℠ Credit Card. If you already hold the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® this card is a great companion for your business expenses.
Source: View From The Wing
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