NEW YORK JPMorgan Chase & Co (JPM.N) is moving to boost its market share in credit cards for wealthy customers and small companies, threatening American Express Co’s (AXP.N) longtime dominance of these purchasers.
These bank cards supply companies a aggressive curiosity-free interval for making purchases. A vary of business credit cards provide an curiosity-free period (for instance, as much as fifty five days curiosity free”) for those who pay your balance in full by the statement due date. Depending on the card, they could embody different features akin to rewards, low fees or complimentary insurance.
As the financial system slowly improves, banks try to drum up new enterprise by ramping up credit card offer mailings. Strategies differ between banks, but some, including JPMorgan, are pushing business credit cards that include more freedom to vary the phrases on prospects. We advocate the Chase Ink Business Cash card as our best small … Read more