Alyssa Lane
Chase Ink Business Cash Credit Card is a card issued by JPMorgan Chase Bank, N.A. Member FDIC. It offers a variety of benefits, including rewards points and cash-back options. While the card covers certain expenses, it is unclear whether insurance payments are considered a utility and qualify for these benefits. There have been isolated reports of specific mis-coded utility transactions, but it is not confirmed if insurance payments were included in these instances.
| Characteristics | Values |
|---|---|
| Insurance payment count as utility | No |
| Types of transactions that won't count and won't earn points | Balance transfers, cash advances and other cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including any applicable annual fee |
| Types of transactions that will count | Buying products and services with your card |
| Reimbursement for theft and collision damage | Up to $60,000 for most rental vehicles with an MSRP of $125,000 or less |
Explore related products
What You'll Learn
Chase Ink Business Cash Credit Card
The Chase Ink Business Cash Credit Card is issued by JPMorgan Chase Bank, N.A. Member FDIC. The card offers several benefits to businesses, including access to capital, the ability to build a credit history, and simplified accounting. Cardholders can earn bonus points on purchases of products and services, with each $1 in cash-back rewards earning them 100 points. Certain transactions, such as balance transfers, cash advances, lottery tickets, and fraudulent charges, do not earn points.
One notable benefit of the Chase Ink Business Cash Credit Card is the built-in rental car collision insurance. Cardholders can decline the rental company's collision insurance and charge the entire rental cost to their card. The coverage provides reimbursement of up to $60,000 for theft and collision damage for most rental vehicles with an MSRP of $125,000 or less. Additionally, cardholders can access legal and medical referrals and other travel and emergency assistance services while travelling away from home.
The card also offers cell phone protection, covering up to $1,000 per claim against theft or damage for cell phones listed on the monthly bill when paid using the eligible credit card. It also includes purchase protection, extending the manufacturer's warranty by an additional year for eligible warranties of three years or less, and protection against theft or damage of up to $10,000 per item for new purchases.
In terms of rewards, the Chase Ink Business Cash Credit Card provides access to millions of flights, accommodations, and activities through Chase TravelSM. Cardholders can use their points for Apple purchases through Ultimate Rewards. Additionally, cardholders can choose to receive their cash-back rewards as a statement credit or have them directly deposited into their US checking or savings accounts.
While the information specifically about insurance payments is scarce, it seems that the Chase Ink Business Cash Credit Card is designed for businesses to manage their expenses and earn rewards. The card offers a range of benefits, including insurance coverage for rentals and protection for cell phones and purchases. However, it is important to carefully review the terms and conditions provided by Chase to understand the specific inclusions and exclusions of the card's benefits and rewards program.
Are Bonds Federally Insured? What You Need to Know
You may want to see also
Explore related products
Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred Credit Card offers a range of benefits for businesses. The card allows businesses to build their own credit history and provides 24/7 access to account details, quarterly reports, and up to 24 months of statement details. It also simplifies accounting by integrating with bookkeeping software and offers customisable account alerts.
In terms of rewards, the card offers points on purchases of products and services, excluding certain transactions such as balance transfers, cash advances, lottery tickets, and fees. For every dollar spent, cardholders earn one point, and for the first $150,000 spent each account anniversary year in select categories (shipping, social media and search engine advertising, travel, internet, cable, and phone service), cardholders earn three points. These points can be redeemed for cash back, deposited into US checking or savings accounts, or used for travel bookings through Chase Travel.
The card also provides insurance benefits, including rental car collision coverage of up to $60,000 for most rental vehicles, cell phone protection of up to $1,000 per claim, coverage for new purchases against damage or theft, and an extended warranty on eligible purchases.
While the card offers various benefits for businesses, it is unclear if insurance payments specifically count as utility payments. However, some sources mention the Ink Business Cash card, which offers 5x points on internet and cell phone expenses but does not cover other utility bills such as water, gas, or electricity.
How Insurance Verification Benefits Patients and Providers
You may want to see also
Explore related products
$51.99
Chase Ink Plus
The Chase Ink Plus card is no longer available to new applicants. However, its bonus categories were reportedly similar to those of the Ink Cash card, which does not include utilities. There were isolated reports of specific miscoded utility transactions that were eligible for bonus points, but these were not consistent.
The Chase Ink Business Preferred Credit Card offers a range of benefits for businesses, including the ability to build a credit history, 24/7 access to account details, and easy tracking of expenses. The card also provides various insurance benefits, such as rental car collision insurance, cell phone protection, purchase protection, and extended warranty coverage.
The Ink Business Cash Credit Card is another option that offers rewards points for purchases, excluding certain transactions such as balance transfers, cash advances, lottery tickets, and fees. The card also provides benefits like rental car insurance, travel assistance services, and roadside emergency assistance.
While the Chase Ink cards do not specifically include utilities as a bonus category, some cardholders have mentioned using the Ink Business Cash card for 5x points on internet and cell phone services, as well as office supplies.
It is important to note that the availability of these cards and their features may vary, and interested individuals should refer to the official Chase website or consult with a Chase representative for the most up-to-date information.
NYU Insurance: Check Your Coverage and Benefits
You may want to see also
Explore related products
Chase Ink Cash
The Chase Ink Business Cash credit card is issued by JPMorgan Chase Bank, N.A. Member FDIC. It offers a range of benefits to help businesses manage their finances and expenses more effectively.
With the Chase Ink card, businesses can build their own credit history and have 24/7 access to account details, quarterly reports, and up to 24 months of statement details. This makes it easier to track expenses and maintain records for tax reporting and other business needs. The card can also be integrated with bookkeeping software to simplify accounting practices.
In terms of rewards, the Chase Ink card offers "Cash Back rewards," where each $1 earned is equal to 100 points. These points can be earned on purchases of products and services made with the card, excluding certain transactions such as balance transfers, cash advances, lottery tickets, and fees. The card also provides primary rental car coverage for business purposes, reimbursing up to $60,000 for theft and collision damage for rental vehicles with an MSRP of $125,000 or less.
Additionally, the card offers travel assistance services, providing legal and medical referrals and other emergency assistance when travelling away from home. It also includes cell phone protection, covering up to $1,000 per claim for theft or damage to cell phones listed on the monthly bill when paid using the eligible credit card.
While the Chase Ink card offers a range of benefits for businesses, it is important to note that it may not include certain utility payments as a bonus category. However, there have been isolated reports of specific mis-coded utility transactions. For specific details on included categories, it is recommended to refer to the official Chase Ink website or contact their customer support.
FDIC: Insuring Your Bank Deposits
You may want to see also
Explore related products
![Repairing Your Credit [VHS]](https://m.media-amazon.com/images/I/8115GOiGbdL._AC_UL320_.jpg)
Chase Ink Business Cash Card
The Chase Ink Business Cash Card is a credit card offered by JPMorgan Chase Bank, N.A. that provides businesses with access to more capital and helps build their credit history. It offers several benefits and features, including:
Rewards Program
The Chase Ink Business Cash Card offers a rewards program where cardholders can earn points on purchases of products and services made with the card. Each dollar spent on eligible purchases earns 100 points, equivalent to $1 in Cash Back rewards. However, certain transactions are excluded from earning points, such as balance transfers, cash advances, lottery tickets, and specific betting transactions.
Integration with Bookkeeping Software
The card can be integrated with bookkeeping software, simplifying accounting practices for businesses. This integration allows for easy tracking of expenses and maintaining records for tax reporting, providing a comprehensive view of financial activities.
Travel Benefits
Cardholders can access millions of flights, accommodations, and activities through Chase TravelSM. Additionally, the card provides primary rental car coverage for business purposes, reimbursing up to $60,000 for theft and collision damage for rental vehicles with an MSRP of $125,000 or less.
Cell Phone Protection
The Chase Ink Business Cash Card offers cell phone protection, covering eligible phones listed on the monthly bill against theft or damage. It provides up to $1,000 per claim, with a maximum of three claims in a year, and a $100 deductible per claim.
Purchase Protection
The card extends the manufacturer's warranty by an additional year on eligible warranties of three years or less, providing coverage for up to four years from the purchase date. It also covers eligible new purchases against damage or theft for up to $10,000 per item during the first 120 days from the date of purchase.
While the card offers comprehensive benefits for businesses, it is important to note that it may not include certain utility payments as a bonus category. However, it does cover cell phone and streaming services, making it a valuable option for businesses with significant expenses in those areas.
Ways to Check Your Bike Insurance Expiry Date
You may want to see also
Frequently asked questions
The Chase Ink card is a business credit card issued by JPMorgan Chase Bank, N.A. that offers various benefits such as cash back rewards, built-in benefits, and integration with bookkeeping software.
No, insurance payments do not count as utilities for the Chase Ink card. However, the card does provide primary coverage when renting for business purposes and offers reimbursement for theft and collision damage for rental vehicles.
The Chase Ink card covers utilities such as cell phone bills, streaming services, internet, and office supplies. It also offers bonus points for purchases in specific categories, but these may vary.
