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Ah, the joys of running a small business. From balancing the books to chasing down invoices, it can be a lot to handle. The good news is, there are a few assets that can make your life a whole lot easier. Specifically, we're talking about the winning combination of a Chase Business Complete Checking® account and a Chase Ink® Business credit card.
By coupling these two tools, you can streamline your finances, save money on fees, and earn cash back rewards. So, let's review the major benefits of having both a Chase Business Checking account and a Chase Ink credit card.
Chase Business Complete Checking®
- Our Rating 5/5 How our ratings work
- APYN/A
- Minimum
Deposit RequiredN/A -
Intro Bonus
$300Expires July 22, 2024
Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
The Chase Business Complete Checking® account is an attractive option. It offers the convenience of one of the largest financial institutions in the country, and it frequently offers bonuses that are relatively easy to earn. While it does not allow you to accrue interest on your funds like some other popular small business checking accounts, it's still very much worth considering if you can meet the requirements to waive its monthly fees.
Overview
The Chase Business Complete Checking® account comes loaded with a valuable sign-up bonus and an assortment of helpful perks, so long as you can meet the requirements to waive its monthly fees. It’s a good fit for many business checking customers, regardless of business size.
Pros
- Generous signup bonus
- Several options to waive monthly fee
- Same-day deposits using QuickAccept℠ service
- Huge network of in-person branches and ATMs
Cons
- Monthly maintenance fee
- Overdraft fees are relatively high
- Limit on fee-free cash deposits and physical transactions
Unified Business Banking with Chase
For starters, small business owners have several options to choose from for their checking account needs (and savings but that’s another post.) Here are the Chase Business Bank account options:
- Chase Business Complete Checking®
- Chase Performance Business Checking®
- Chase Platinum Business Checking℠
In addition to the three Chase small business checking account options, small business owners can also take advantage of one of the three Chase Ink Business Cards, which are designed specifically for business expenses.
Combining a Chase Ink Credit Card with a Chase Business Checking Account
By unifying their banking and credit card processing, small business owners can streamline their operations, save time and focus on growing their businesses. Below we’ll discuss what small business owners stand to gain from this winning combo.
Double Sign-Up Bonus
Signing up for both a Chase Business Checking account and an Ink business credit card gives you two opportunities to earn sign-up bonuses. Throughout the year Chase will promote incentives to new account openers for both checking and credit card accounts.
Ink Business Cash® Credit Card
- Our Rating 4.5/5 How our ratings work
- APR17.99% - 25.99% (Variable)
- Annual Fee$0
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Sign-Up Bonus
$750Cash Bonus
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.
Business owners looking to earn a high rate of cash back on common business expenses like office supplies and internet could get a lot of value from this card. The trade-off for the high cash-back rate, though, is a lower spend cap than you’ll find with other Ink Business cards.
Overview
The Ink Business Cash® is legendary for its offer of 5% cash back for purchases at office supply stores and on many telecommunications services, with no annual fee. And while 5% cash back sounds great, these rewards can be much more valuable when paired with another Chase credit card that allows transfers to airline miles or hotel points. In addition to earning excellent cash-back rewards, it also includes competitive introductory offers and provides cards for employees at no additional charge.
Pros
- No annual fee
- 5x back on a broad array of business spending categories
- Robust travel and purchase protections
- Don't need a full-fledged business to apply
Cons
- Businesses that don't spend on the category bonuses won't benefit
Ink Business Preferred® Credit Card
- Our Rating 4.5/5 How our ratings work
- APR20.74% - 26.74% (Variable)
- Annual Fee$95
This fee includes extra cards for authorized users, such as employees, at no additional charge.
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Sign Up Bonus
90,000Chase Ultimate Rewards Points
Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $1,980 (90,000 Chase Ultimate Rewards Points * 0.022 base)
Those with travel and advertising expenses will like the high earning rates in these categories, plus cardholders can eke out even more value with fully transferable rewards through the Chase Travel℠ portal. One drawback is the modest annual fee, though many can offset this with the card’s earning potential.
Overview
This card offers a whopping 90,000 bonus points after you spend $8,000 in the first three months — with the card’s 25% bonus on travel booked through Chase, that’s worth $1,125. But you could potentially get more through one of the bank’s transfer partners. The rewards you earn from the Ink Business Preferred Card can be transferred to 10 different airline partners including United, Southwest, Virgin Atlantic, Singapore and British Airways, as well as hotel partners Hyatt, Hilton and Marriott.
Unlike the other two Ink Business cards, you can use this card to transfer your rewards directly to airline miles and hotel points. Travelers may also like this card’s cellphone protection policy that will cover up to $600 per claim.
Pros
- 3x points on 5 different categories (up to $150,000)
- Robust travel, purchase and cellphone protections
- Ability to earn transferable points to use on travel partners
- No additional charge for extra cards for additional authorized users
Cons
- $95 annual fee
- Businesses that don't spend on the category bonuses won't benefit
Ink Business Unlimited® Credit Card
- Our Rating 4.5/5 How our ratings work
- APR17.99% - 23.99% (Variable)
- Annual Fee$0
-
Sign-Up Bonus
$750Cash Bonus
Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
If you’re looking for a solid business credit card with unlimited earning potential, this could be it. With a 1.5% cash-back rate, it earns less than the other Ink Business cards, but you can put earning on autopilot with no spending limits or categories to juggle.
Overview
The Chase Ink Business Unlimited® credit card is one of the best business credit cards on the market, and if you use it right by pairing it with a Chase card with an annual fee, you can unlock access to valuable transferable Ultimate Rewards points that you can move to travel partners.
Pros
- No annual fee
- Easy earning structure of 1.5X back on everything with no limits
- Robust travel and purchase protections
Cons
- Businesses that spend more on bonus categories won't earn more in rewards
- 1.5X isn't the highest earning rate
Waived Monthly Fees
When you have both a Chase Business Checking account and a Chase Ink credit card, you can receive a waiver on the monthly maintenance fee for your business checking account. This can save you money on your banking fees.
Quick Tip
This offer is only available for the Chase Business Complete Checking account and you must spend $2,000 on purchases each month using your Chase Ink Business Card(s) to waive your monthly service fee.
Clearly View Your Business Financials
If you use your Chase Ink credit card for purchases and also have a Chase Business Checking Account, you can link the two under one account to simultaneously view your business finances from one screen. This offers clarity and better view of the "big picture" from the income coming in and the spending going out of your business.
Quick Tip
Did you know you can link external accounts through Chase as well? Within the Chase Mobile App you can connect 401(k) accounts, savings accounts and more from other institutions.
Additional Benefits of Chase Banking
While this doesn’t ride specifically on having both a Chase Business Checking account and Ink business credit card, there are some additional perks included in the Chase banking experience.
Improved Cash Flow
Both a Chase Business Checking account and a Chase Ink credit card allow you to take advantage of features like overdraft protection and flexible payment options, which can help you manage your cash flow more effectively.
Access to Business Credit
If you have a Chase Business Checking account and a Chase Ink credit card, you may be eligible for a business line of credit, which can help you access additional funds to support your business operations.
Related Article
Double Dip: Why Small Businesses Should Take Advantage of These 2 Chase Offers
Chase Ink + Chase Business Checking: A Winning Combo
Having both a Chase Business Checking Account and a Chase Ink credit card can be a game-changer for small business owners. If you're a small business owner looking to take your finances to the next level, we highly recommend considering the benefits of this powerful duo. Trust us, your bottom line will thank you.
FAQs
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There is no set limit. Some cardholders have been able to obtain multiple business and personal credit cards through Chase Bank. Ultimately it's your credit health and income that determine your acceptance.
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Yes, Chase allows users to have multiple accounts. You can even name them separately and have different direct deposit setups and autosave features for each.
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Yes, you can add a business credit card to your Chase account. You can log in to your Chase account and apply for a business credit card under the Business tab at the top of the page.
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Yes, you can have multiple business checking accounts at Chase. You will need to open each account separately and provide the necessary documentation for each one.
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Chase provides dedicated customer service for small business owners. By having a Chase Business Checking account and a Chase Ink Business Credit Card, you can access personalized support and advice on your banking and credit needs.
Good news – if you have either of these Chase products, you already have an account with Chase Bank. So if you sign up for another product using the same account the link should carry over automatically.
There have been instances where the link isn’t automatic. You’ll know because you’ll have two separate logins where one shows the card and not the checking account and vice versa. In this instance, the quickest resolution is to visit a physical branch, where they can help you merge accounts. Or you can call customer service and have them walk you through the steps to link the accounts through your online portal.
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Ashlyn Brooks
Ashlyn Brooks is a financial writer and former civil engineer. She's on a mission to show others how to save and spend smarter through purposeful money habits. Her work has been featured on Investor.com, HerMoney.com, MoneyGeek and QuickBooks
