The Best Chase Business Credit Cards
With one of the highest welcome bonuses around, the Ink Business Preferred is one of the best Chase business credit cards. With several options to choose from, compare the best Chase business credit cards to find the one that’s right for you.
Chase offers lucrative rewards and bonus offers on their personal and business credit cards, making their credit cards a great addition to your wallet. With incentives for travel, cashback, and merchandise, a Chase business credit card may be right for your small business. Chase’s business credit card offerings include co-branded business credit cards perfect for frequent fliers of Southwest or United.
What Is The Best Credit Card For Immigrants
The best credit card for immigrants depends on whether or not you have a Social Security number or ITIN. If you only have an ITIN but no SSN, there are still lots of great options for getting a credit card. If you have an ITIN, we recommend the Capital One Platinum Secured Credit Card to help you best build your credit history.
The information related to Journey Student Rewards from Capital One, Discover it® Secured Credit Card and Capital One Platinum Secured Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site . ValuePenguin does not include all financial institutions or all products offered available in the marketplace.
How Long Does It Take For Chase To Approve A Business Card
Often, business owners who apply for a Chase business credit card get immediate approval or denial. If you aren’t approved instantly, you can request a manual application review by calling Chase’s reconsideration phone number. Be prepared to provide additional information if asked, which can help Chase decide if you will be approved.
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The Best Credit Cards For International Travel In 2021
Geoff is a personal finance and travel writer and editorial strategist. His work has been featured on Forbes, HuffingtonPost, TechCrunch, Hyatt, CreditCards.com, CreditSesame.com, and Inc.com.
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The best international credit cards have exclusive perks like no checked bag fees, no foreign transaction fees, and come with smart chip technology making them perfect for international travel. Here are some of the best to consider.
What Base Rewards Come With The Card
If you are looking to get rewarded for how you spend in addition to skipping out on foreign transaction fees, it may be best to look into cards that offer significant rewards that match your spending habits. In addition to travel cards offering points or miles, there are some no foreign transaction fee cards that offer cash back rewards on popular spending categories. No matter what card type youre considering, be sure to choose a card that rewards the types of purchases youre already making.
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How We Picked The Best No Foreign Transaction Fee Credit Cards
- Rewards: rates, type, ease of redemption: There are a variety of people who can benefit from avoiding foreign transaction fees, from small business owners to travel enthusiasts. We chose credit cards with high rewards rates in spending categories to match, like business rewards and travel benefits.
- Travel perks: One reason you may be hoping to avoid foreign transaction fees is that you have international travel plans. Some of the travel perks youll find among our top credit cards with no foreign transaction fee include free checked bags, rental car insurance, airport lounge access and TSA PreCheck credits.
- Sign-up bonus/welcome offer value: Many of the best credit cards with no foreign transaction fees also come with lucrative sign-up bonuses or welcome offers. We compared the value of cash back, airline mile and point bonuses to ensure youre getting the most overall value from these picks.
Number of no foreign transaction fee cards we analyzed: 938
All criteria used: Rates and fees, rewards rates, rewards categories, sign-up bonuses, point values, redemption options, redemption flexibility, credit needed, travel benefits, transfer partners, international customer service, security, ease of application.
Best No Foreign Transaction Fee Credit Cards Of September 2021
Discover the best credit cards for international travel.
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ALSO CONSIDER:Best credit cards of 2021 || Best travel credit cards || Best rewards credit cards || Best cash back credit cards
Most credit cards tack an extra charge onto purchases made outside the United States. If you’re planning to travel abroad, you’ll want to look out for these foreign transaction fees . They are assessed by your credit card issuer and are usually 1% to 3% of the purchase amount, with 3% being common. That amount might not seem like a big deal, but if you spent, say, $3,000 at a hotel, you could be looking at an additional $90 charge.
The best way to avoid foreign transaction fees is to get a travel credit card that doesn’t charge them. Fortunately, any travel credit card worth its salt including airline cards will not charge foreign transaction fees, so you have plenty of options. Some major issuers most notably Capital One and Discover don’t charge these fees on any of their cards.
Here are our favorite cards without the fee.
ALSO CONSIDER:Best credit cards of 2021 || Best travel credit cards || Best rewards credit cards || Best cash back credit cards
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Best Credit Card If You Have A Social Security Number: Discover It Secured Credit Card
The Discover it® Secured Credit Card is often considered to be one of the best secured credit cards in the United States. This is mainly because it includes a rewards program and a good one, at that which isn’t typical for secured credit cards. The only downside here is that you do need to have a Social Security number in order to apply for this card, and Discover doesnt accept ITIN.
Some of the Discover it® Secured Credit Card’s more noteworthy features include 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, 1% unlimited cash back on all other purchases – automatically. With Discover’s Cashback Match program, you’ll also get an Unlimited Cashback Match only from Discover. Discover will automatically match all the cash back youve earned at the end of your first year! Theres no minimum spending or maximum rewards. Just a dollar-for-dollar match. This card requires you to put down a refundable security deposit, which will be equal to your initial credit line. The minimum initial deposit for this card is $200. Discover will also report your credit history to all three major bureaus, which can help you build good credit when you consistently pay your bill ontime.
Chase Bank Travel Notice
If you need to put a travel notification on for your bank account , you can use the method above if you have the new Chase interface and simply select your debit card. But if you are still working with the old interface, the process is a little bit different.
Youll notice in the image below that you click on a different section of the website to initiate the travel notice for a checking or savings account.
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What About The Rates
Foreign transaction fees arent the only cost thats specific to traveling abroad. Another one, easy to forget about, is the exchange rate.
What are your US dollars really worth in a foreign currency? Its a surprisingly difficult question, and not just because exchange rates are constantly changing: its also hard to answer because different institutions charge different rates.
Thats why if you send money abroad or get foreign cash from a currency exchanger, it pays to shop around to find a decent exchange rate. What you really want is an exchange rate as close as possible to the mid-market rate, which is what the banks use to trade between themselves. With Wise, you can even send money abroad at the mid-market rate itself, with only a simple and clearly stated fee to pay.
When you use a Chase Sapphire Preferred or Reserve credit card abroad, your money will likely be converted at an exchange rate set by Visa, the card issuer. The Visa rate tends to be a relatively good value way to spend money internationally.
But if you want the real mid-market rate itself, another option is coming. You can also get the Wise debit card, so you can withdraw cash from ATMs, and pay for goods and services wherever you are in the world. Using money in your Wise borderless multi-currency account, in which you can hold 40+ international currencies, youll be able to use the real local currency during your trip, having converted your US dollars at the mid-market rate.
Best Business Credit Cards For Expats
Need to conduct business and make related purchases abroad? Here are our top recommendations for business cards to use internationally.
| Must Reads: For more info on the Ink Business Preferred, see our guides on its benefits, 7 things to do as a new cardholder, and our full review. This is our favorite Chase business credit card. |
Why We Like the Card for Expats
With a generous welcome bonus and ongoing bonus earnings for common business purchases, including travel, the Ink Business Preferred card works hard for the business owner abroad. There are no foreign transaction fees and when it comes time to redeem your rewards, youll have several flexible options. Redeem for travel via the Chase travel portal for 25% more in value or transfer points to travel partners for potentially greater value.
Youll also have access to chip and PIN availability and contactless transactions. Just call Chase to set up a PIN or to have a replacement, contactless-capable card sent to you. Online access to your account and to customer service is also available.
| Must Reads: For more info on the Amex Business Platinum, see our insights on its benefits, top card FAQs and the best airport lounges you can access. Go here for our full review. This is one of several business credit cards from Amex. |
Why We Like the Card for Expats
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Why We Like the Card for Expats
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Do You Need Travel Notifications For Out Of State Travel
Regarding domestic travel notifications Chase states:
No. You dont need to set up a travel notification if youre traveling to another state, only when you plan to travel abroad.
My card has been denied in New York before because of fraud prevention and I had to call in to Chase to authorize the charge. Since, it was not abroad it wasnt a major issue to make the quick phone call but I could have probably avoided the situation just by putting in a notification.
This is generally more of an issue for larger purchases.
So if youre planning on spending quite a bit of money in another state or city from where you live, it might be a good idea to just call ahead of time and get them to clear the transaction.
Chase Freedom Foreign Transaction Fee The Easy Guide
Wise
Chase offers several great credit and debit cards which each have their own features and benefits. The Chase Freedom card is popular with customers with a good credit rating who are looking for a flat-rate cash back card which comes with a few different redemption options.¹ However, as with any financial product, youll want to check out the full detail of costs and limits, including those applied to overseas spending, before you choose to get yourself a Chase Freedom card.
This simple guide covers all you need to know, including:
- Chase Freedom credit card fees and charges
- Making foreign purchases using your Chase Freedom card including the foreign transaction fees and exchange rates you need to know about
- DCC a tricky hidden fee youll want to avoid when shopping and spending overseas
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Too Many Recent Credit Card Applications
If youre a travel rewards junkie, you most likely have several credit cards in your wallet. It is recommended that you keep tabs on how many applications you have in the most recent 24 months. After 24 months, the credit card inquiry drops off your credit report.
Usually, if the bank decides you have too many recent applications, your application gets declined. The only thing you can do is wait until your hard inquiry count drops. These are two of the bank rules you should know about:
- Chase: The Chase 5/24 Rule is the most well-known rule. If you apply for at least 5 credit cards in the last 24 months, your application for select Chase cards is declined. Being listed as an authorized user counts as one of the 5 applications too. And, it doesnt matter which bank is offering the credit card. Some of the cards subject to the 5/24 rule include the Sapphire Reserve and Preferred application rules, Ink Business Preferred, and some of the co-brand credit cards.
- Bank of America: The BofA has a2/3/4 rule. You cant apply for more than 2 BofA credit cards every 2 months. You also cant apply for more than 3 cards in a year or 4 cards in two years.
Why Is It Challenging For International Students To Get A Credit Card
International students may have a difficult time getting approved for a credit card for a variety of reasons:
- Lack of a credit history: One of the struggles plaguing most students, international or not, is that students often have little to no credit history this can make it challenging to be approved for a credit card. The most important step for anyone newly applying for a credit card is to establish a good credit history. For international students, the best option for doing this is often by selecting a secured credit card for students.
- No SSN or ITIN: International students may not have a Social Security number or ITIN which, as we have outlined in this article, severely limits the options available when it comes to taking out a credit card.
One option for building credit without a Social Security number or ITIN is becoming an on someone else’s account who has a strong credit history.
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What Are Foreign Transaction Fees
When you use a credit card overseas to buy something in the local currency, your credit card issuer has to convert the money youve spent into U.S. dollars to properly bill you. It may seem like any other transaction from your perspective, but behind the scenes the credit card issuer pays various costs associated with currency conversion, transferring money through a foreign bank and so on.
Many issuers offset these costs by charging a foreign transaction fee for every overseas purchase.
The fee usually ranges from 3%-5% of the amount spent on each transaction, which means the cost to you can really add up:
| Foreign purchase in dollars |
|---|
| $525 |
Will You Be Charged A Foreign Transaction Fee When Booking International Trips Online
You dont have to be in another country to rack up a foreign transaction fee. If you make a payment online that gets routed through a non-U.S. bank, you might see that pesky fee tacked onto your bill. This can happen when you are buying from a company that is not based in the U.S., but it also happens when booking hotels abroad.
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Most properties within major hotel brand portfolios like Hilton or Marriott are individually owned and managed, but reservations are facilitated through a brand-wide website. This means that while your reservation may be made on a U.S. website and you may pay in USD, the room charges may be processed by the hotel itself through a non-U.S. bank.
Its generally hard to tell in these cases whether youll be charged a foreign transaction fee until after the payment is already processed. So its a best practice to use a card with no foreign transaction fees for booking purposes. Luckily, most top credit cards for booking hotel stays come with no such fees.
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Ink Business Preferred Credit Card
The Chase Ink Business Preferred® Credit Card is the only Ink Business card without an annual fee.
Your first $150,000 in combined annual spending earn 3x points for these categories:
- Travel
- Social media and search engine advertising
- Internet, cable, and phone services
Non-bonus purchases earn 1x Ultimate Rewards. This is one of the best Chase business credit cards.
Each point is worth 1.25 cents for award travel redemptions and you can transfer them at a 1:1 ratio to airlines and hotels.
Additional travel insurance benefits of note include:
- Primary rental car insurance on business-related rentals
- Trip cancellation and interruption
- Roadside Dispatch
New members can earn a 100,000 Ultimate Rewards signup bonus after spending $15,000 in the first 3 months. This is one of several incredible 100k bonus credit card offers.
The annual fee is $95 and $0 for secondary cards.
Related: Chase Ink Business Preferred Review