Consumer Payment Card News

Contractors Card

Small contractors can nail down a flexible business credit card with a new product from Chase. The new “Chase Contractor Cash Rewards VISA Signature Business Card” offers a 60-day interest free, same-as-cash financing for construction material purchases of $1,000 or more. The new card also offers rewards, which provide 2% cash back on all construction material purchases up to $20,000 per month and 1% cash back on all other purchases. Chase says the new card also includes financial reporting features designed with contractors in mind to assist them with expense reporting, customer invoicing, customer service and financial management. The card carries a $50 annual fee, but is waived the first year. The APR is prime +4.99%. For more information visit: “http://www.chase.com”:http://www.chase.com

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