Business cards and loyalty programs have always been popular with customers, but that hasn’t always translated to success.
Chase is about to change that.
The card issuer announced today that it is introducing a new card with a new set of business-focused perks.
The Chase Business Checking Card offers perks for cardholders that are designed to help make the card more convenient for cardmembers, such as the ability to apply for a $75 gift card, which will help you save on taxes and fees for a few years.
The new card also features an extra $5 annual fee.
The card will cost $75 a year, or $2,750 in total if you spend $1,000 per year, up from $1 of the current Chase Business Card.
That’s the price of a $100 card that also includes a $25 annual fee, according to Chase.
The new card is available through select Chase branches, and the first 150,000 cards in the program will be available by the end of March.
The company says that the new card will be able to offer additional benefits to cardholders after it launches, including an annual fee discount for new cardholders.
The $75 annual fee is one of several perks that have been added to the card.
The $5 Annual Fee discount offers a $2 fee discount off the annual fee for card holders who choose to sign up for a card in the first year.
Chase also introduced a $5 fee discount on the annual fees of its Chase Ultimate Rewards Credit Card, which was introduced last summer.
Chase says that cardholders can still apply for the $75 bonus if they spend $5 per year on the card for three years.
There’s also a $10 annual fee fee that applies if you don’t spend the $5 annually fee in three years, according, Chase.
Chase says that it will waive the fee if you do spend the annual amount.
For the full list of the perks, check out Chase’s website.
Chases new $25 Chase Business card, available starting March 12.
Charter is also adding more perks to its Chase Business checking card, including a free one-year membership to its business card savings app, as well as the opportunity to earn a free $50 Chase Mastercard or $100 Chase Ink Plus card.
Chase also is expanding the number of Chase business cards to include a new $5 business card with an additional $5 yearly fee.
It’s unclear if other Chase business card issuers are adding additional perks to their cards.
The most recent additions were to the Chase Premier Business card last fall.