Credit Card Review: Chase Platinum Business Card

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In-Depth Credit Card Review:

Chase Platinum Business Card

As a business owner, you have a responsibility to yourself, your customers, and your company to know where ever dime is being spent and making the most out of your dollar. With all of the expenses you have to worry about as a business owner, you should not have to worry about a credit card that charges you high rates of interest and offers no significant benefits to their cardholders. This is what makes the Chase Platinum Business Card such a rewarding card, it comes with great rates of interest, as well as a host of benefits for business owners like yourself to enjoy.

With the Chase Platinum Business Card, you have the opportunity to enjoy a great introductory rate of 0% for the first twelve months as a Chase Platinum Business Card holder. This introductory rate applies to both balance transfers and purchases made using the credit card. To qualify you must have an excellent credit rating and prove that you are credit worthy. For the balance transfers, it is important to keep in mind that the only transfers that qualify for this card and the 0% introductory rate of interest are those that are expenses directly related to business operations and supplies.

Along with the introductory rate of interest on both purchases and balance transfers, you have the opportunity to enjoy other savings as well. The variable rate of interest is typically 12.24% for those with great credit ratings. However, there are never any annual fees, application fees, participation fees, as well as no fees relating to reload or inactivity.

Chase cardholders have come to expect a great deal from their credit cards and the Chase Platinum Business Card will not disappoint you. You have a variety of different benefits all designed with the business owner in mind. You can enjoy benefits such as travel assistance, emergency assistance, car rental insurance, insurance for lost luggage, and accident insurance during travel. The Chase Platinum Business Card also offers a variety of discounts on business related expenses such as hotels, rental cards, and computer related equipment, just to name a few.

If you have a small to medium sized business, the Chase Platinum Business Card may be just the credit card you have been looking for. It allows you to manage your business expenses and keep track of your spending, all the while getting the most out of your business dollar.

(Review Updated: May 12, 2008)

0% Intro APR on Purchases, Balance Transfers for 12 months
8.99% Regular Variable APR for Purchases
20.99% Regular Variable APR for Cash Advances

20 days Grace Period

(* 0% APR for up to 12 months on purchases and balance transfers)

Finance Configuration: Average daily balance method (including new purchases).

Additional Cardholders: $0

Late Payment Fee: $15 if the balance is up to but not including $250; $39 if the balance is $250 and over.

Over-The-Limit Fee: $35

Cash Advance Fee: 3% of the amount of the transaction, but not less than $10.00.

Balance Transfer Fee: 3% of the amount of each transaction, but not less than $5.00 nor more than $99.00.

Minimum Credit Limit: n/a

Maximum Credit Limit: n/a

Type of Reward: None

Additional Nones: n/a

Bonus Nones First Purchase: n/a

Bonus Nones Other: n/a

Additional Features for Chase Platinum Business Card:

Various Internet account related services.
Access to savings of up to 20% on business-related merchandise.
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 assistance services.
Extended warranty for purchases.
Purchase protection.
Year-end financial statement (upon request).
No liability for unauthorized transactions.
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.

Important Notes for Chase Platinum Business Card:

The APR for purchases and balance transfers varies according to the applicant's credit history and will be 3.99%, 7.99% or 14.99% + Prime Rate.
See website for complete terms and conditions of card usage and application disclosure.

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Notes: The review on Chase Platinum Business Card was updated on May 12, 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.