Chase vs Truist Business Credit Cards

(June 2024)

Chase vs Truist Business Credit Cards

In This Article

Our Verdict

Chase and Truist—two reputable and reliable banks in the financial industry that offer you a range of credit card options tailored to meet your business needs. 

Whether you’re a small business owner or you have an established enterprise, these credit cards provide you with the necessary tools to streamline your financial operations.

A Chase business credit card offers you a multitude of rewards, including cashback and travel points. With its impressive welcome bonus and strong rewards program, Chase empowers you to maximize your business expenses while enjoying travel perks and cash back. 

Meanwhile, Truist’s business credit cards, like the Truist Business Cash Rewards Card, provide you a solid foundation for your financial endeavors. Also, Truist offers you competitive interest rates and flexible payment options, ensuring smooth cash flow management. 

So, whether you prefer the robust rewards of Chase or the reliable benefits of Truist, you can’t go wrong with either choice. It’s time you seize the opportunity and secure the ideal business credit card for your business!

Why Choose Chase Business Credit Cards

Who Chase Business Credit Cards Is Best For

Who Chase Business Credit Cards Is Best For

If you’re a business owner seeking a credit card that offers superior benefits and flexibility, visit Chase Bank instead of Truist!

Also, if you maintain a strong credit history with responsible financial management and you establish your business as a legal entity, a Chase business credit card is best for you.

Additionally, your ability to demonstrate consistent income and keep your personal and business expenses separate, qualifies you for a Chase business credit card.

Who Chase business credit cards Is Not Right For

Consider a Truist business credit card as Chase may not be the right fit for you if you value personalized service and a local banking experience.

Furthermore, if you don’t anticipate significant business expenses, a Chase business credit card might not be necessary. Consider your spending habits because it determines whether the benefits and rewards you receive outweighs the annual fees and interest rates.

Why Choose Truist Business Credit Cards

Why Choose Truist Business Credit Cards

Who Truist Business Cards Is Best For

Opt for a Truist business credit card over Chase if you value tailored benefits and personalized solutions that suit the needs of your business.

Also, if you run a small or medium-sized business, a Truist business credit card is an ideal choice for you. Its benefits suit businesses like yours. With Truist, you enjoy tailored rewards that align with your spending patterns, ensuring maximum value for your business expenses.

Who Truist Business Credit Cards Is Not Right For

If you have a large corporation or a business with complex financial needs, apply for a Chase business credit card as Truist may not be the best fit for you. Its benefits and features are more tailored to small and medium-sized businesses.

Also, if you require corporate services, extensive credit limits, or intricate expense management tools, you may not find a Truist credit card option that suits your needs.

Chase vs Truist Business Credit Cards: Main Differences

Chase Business Credit Cards Truist Business Credit Cards

Ideal For

  • Your business seeks flexible rewards programs and cash back options
  • You seek financing options to support your business growth and operations
  • You are an entrepreneur looking for attractive sign-up bonuses
  • Your business needs efficient merchant services and payment management tools
  • Rewards and benefits for airline and hotel expenses during business trips
  • Your business seeks rewards for its everyday business expenses
  • You seek business financing solutions to support your financial needs
  • You need sign-up bonuses immediately after card activation
  • Your business needs reliable merchant services for smooth transactions
  • Access to travel benefits during business trips and travel insurance.

APR

  • Offers competitive interest rates
  • APR may vary based on creditworthiness
  • Introductory 0% APR period for purchases and balance transfers
  • APRs are disclosed during the application process

 

  • Provides a range of APR options
  • Offers both variable and fixed APR options
  • Introductory 0% APR period for purchases and balance transfers
  • APRs are disclosed during the application process

 

Fees

  • Carefully evaluate fees and charges as there may be hidden fees
  • Charges and fees may vary depending on the specific card offering and usage
  • Additional fees may apply for balance transfers and cash advances

 

  • Generally transparent about fees and charges
  • Charges and fees may vary depending on the specific card offering and usage
  • Additional fees may apply for foreign transactions and late payments

 

Standout Features

  • Strong rewards and benefits programs
  • High credit limits
  • Extensive network of merchant acceptance
  • May require a higher credit score for approval
  • Enhanced fraud protection and security
  • Robust online and mobile banking features
  • Moderate rewards and benefits programs
  • Relatively lower credit limits
  • Limited merchant acceptance
  • More flexible approval criteria
  • Enhanced fraud protection and security
  • Basic online and mobile banking features

Chase vs Truist Business Credit Cards: Standout Features

Chase Business Credit Cards

Instead of Truist, visit Chase Bank for a business credit card and enjoy:

  • Lucrative rewards on business expenses, such as travel, office supplies, and advertising
  • Generous sign-up bonuses, often in the form of cash back or valuable travel points
  • Comprehensive online banking platform with easy expense tracking and management tools
  • Complimentary employee cards with customizable spending limits, allowing for easy expense management
  • Wide range of business-specific benefits, including enhanced purchase protection and extended warranty coverage
  • Exclusive business services and resources, such as discounted business software and professional consultations
  • Innovative digital features, such as mobile payment options and real-time fraud alerts

Truist Business Credit Cards

Ignore Chase and explore Truist business credit cards if you need:

  • Valuable rewards on your everyday business purchases, including categories such as travel, dining, and office supplies
  • Enhanced security features, including advanced fraud protection and 24/7 monitoring
  • Specific business perks, such as discounts on business services and access to exclusive events
  • Personalized customer service and dedicated support 
  • Simple integration with other Truist banking products and services for streamlined financial management
  • Mobile banking features for easy account management on the go
  • Flexible redemption options for rewards, including cash back, statement credits, or travel redemption

Chase vs Truist Business Credit Cards: Types

Choose the right credit card that offers you valuable benefits and aligns with the specific needs of your business by comparing Truist and Chase business credit card offerings.

Chase Business Credit Cards

Ink Business Preferred

Apply for a Chase Ink Business Preferred credit card and earn rewards on your business purchases. Also, you enjoy cell phone protection, and receive travel benefits at an annual fee of $95 with 15.99 – 20.99% variable APR.

Ink Business Cash

With an Ink Business Cash credit card, Chase offers you cash back on various categories including purchase protection, and benefit from employee cards. No annual fee and you enjoy a 13.24 – 19.24% variable APR.

Ink Business Unlimited

Chase gives you unlimited cash back on your every purchase through the Ink Business Unlimited credit card. You can also access expense management tools, enjoy employee cards and zero annual fee with a 13.24 – 19.24% variable APR.

Chase Sapphire Preferred for Business

Go for a Chase Sapphire Preferred credit card if you need travel rewards and travel insurance for your numerous business trips. Pay an annual fee of $95 including a variable APR ranging from 15.99 – 20.99%.

 

Truist Business Credit Cards

Truist Business Travel Rewards

If your business needs travel rewards on business expenses, access to travel and purchase protection, apply for a Truist Business Travel Rewards credit card. You also benefit from employee cards with no annual fee and a 14.24 – 21.24% variable APR.

Truist Business Cash Rewards

Earn cash back on various categories and access expense management tools with a Business Cash Rewards credit card from Truist. Do not worry about annual fees and enjoy a variable APR of 14.24 – 21.24%.

Truist Business Platinum

A Truist Business Platinum credit card gives you access to a low introductory APR on purchases and balance transfers. You also enjoy purchase protection and employee cards at zero annual fee with an APR of 12.24 – 19.24%.

Truist Business Secure

Build or rebuild your credit with a Truist Business Secured card. It also includes benefits from employee cards, and you have access to account alerts. Pay an annual fee of $39 and take note of its 21.24% APR.

 

Note: Refer to Chase Bank official website (www.chase.com) or Truist (www.truist.com) and carefully review the terms and conditions for each card to determine the best fit for your business needs and financial situation.

Chase vs Truist Business Credit Cards: Requirements

To apply for a business credit card from Chase or Truist, you have to meet certain requirements. For Chase, you must be a business owner or authorized representative to apply. Your business should be a legal entity and have a valid Employer Identification Number (EIN).

It’s also important you have a good credit history as it plays a role in the approval process. During the application, you provide relevant business information, such as annual revenue and years in operation.

Truist business credit cards also have similar requirements. Before you apply, ensure you are a business owner or authorized representative. Your business should be a valid legal entity with an EIN. A good credit history is essential, and you’ll provide relevant business details, including annual revenue and years in operation.

Both Chase and Truist require you to meet these basic requirements to be eligible for a business credit card. Additionally, the final decision depends on a variety of factors, including your creditworthiness and the specific credit card you are applying for.

Pros and Cons of Chase Business Credit Cards

Instead of Truist, consult Chase Bank for a business credit card because you’ll:

  • Earn valuable rewards on business purchases
  • Access various redemption options, including travel
  • Enjoy additional coverage for cell phone and purchase protection
  • Get employee cards at no extra cost
  • Benefit from flexible cash back options

Explore the various business credit cards Truist offers because with Chase, you:

  • Face potential annual fees with certain cards
  • Experience varying APR based on creditworthiness
  • Encounter spending limits on rewards categories
  • Need to meet higher spending thresholds for bonus rewards
  • Require a good credit history for approval

Pros and Cons of Truist Business Credit Cards

Just like Chase, Truist business credit cards offer you various advantages such as:

  • Provide competitive rewards and cashback programs
  • Offer lower interest rates and APRs
  • Allow easy integration with business accounting software
  • Provide personalized customer service and support
  • Offer flexible credit limits based on your business needs

Consider an alternative such as Chase because Truist business credit cards:

  • Have limited acceptance 
  • Offer fewer travel benefits and partnerships
  • Charges higher annual fees on certain cards
  • Offer fewer options for specific industry rewards
  • Have less widespread international usage

Chase vs Truist Business Credit Cards: Customer Reviews

Based on customer reviews, Chase and Truist business credit cards receive mixed feedback. Generally,  Chase receives positive feedback, with an average star rating of 4 out of 5. Customers appreciate Chase’s wide merchant acceptance and excellent travel benefits. However, some complain about high annual fees and less personalized customer service. 

On the other hand, Truist business credit cards have mixed reviews, averaging a 3.5-star rating. Customers commend Truist for lower interest rates and integration with accounting software. Nevertheless, some mention limited acceptance and fewer industry-specific rewards as drawbacks. 

It’s important you consider these customer experiences before you decide between the two as reading reviews can provide valuable insights, helping you choose the credit card that aligns best with your business needs and preferences.

Chase and Truist Business Credit Cards Competitors

As for competitors, there are several alternative options of Chase and Truist business credit cards you can consider for your business.

Discover new opportunities with American Express Business credit cards. Its extensive range of options caters to your various business needs, providing you with rewards, cashback, and travel benefits.

Another excellent choice is Capital One Spark Business credit cards, which offer you flexible rewards, low APRs, and personalized expense tracking tools.

Additionally, don’t forget about Bank of America Business credit cards, which come with competitive rewards programs and robust expense management features to attract you.

So, expand your options and find the perfect fit for your business by exploring these alternatives. Act now and unlock the benefits that await you!

Pro Tips

Choose the right credit card issuer between Chase and Truist for your business with the following tips:

  • Compare cash back, travel rewards, and bonus categories to find the card that aligns with your business needs
  • Scrutinize fees and interest rates for purchases and balance transfers to make an informed decision
  • Evaluate additional perks like purchase protection, extended warranty, and travel insurance to maximize card benefits
  • Ensure the credit limit meets your business’s spending requirements and assess flexibility for payment terms and increases
  • Investigate customer service quality and responsiveness to ensure a smooth experience with your chosen credit card issuer.

Recap

Consider key aspects as you compare Chase and Truist business credit cards. Chase offers you a variety of cards with flexible rewards, tailored for different business needs. Explore options like the Ink Business Preferred or Ink Business Unlimited. Truist provides you with cards like the Truist Business Rewards Card, offering you cashback rewards and no annual fee. Assess benefits, such as introductory offers, purchase rewards, and additional perks to find the best fit for your business.

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