Tag: credit card for business owners

Chase World of Hyatt Business Card: A Comprehensive Overview

Card Name and Issuer
The Chase World of Hyatt Business Card is issued by Chase Bank, a recognized leader in the financial services industry known for its comprehensive range of credit products and premium rewards programs.

Card Type
This card is categorized as a co-branded travel rewards credit card specifically designed for business owners who frequently travel or stay at Hyatt hotels. It offers a seamless way to earn valuable points and perks while managing your business expenses.

Annual Fee
The annual fee for the Chase World of Hyatt Business Card is $199, which is considered reasonable given the extensive benefits and rewards included with the card.

Rewards Program
The rewards program for this card is highly advantageous for frequent travelers. Cardholders earn 4 points per dollar spent on purchases made directly with Hyatt; 2 points per dollar on restaurants, airline tickets purchased directly from airlines, and local transit and commuting; and 1 point per dollar on all other purchases. Notably, the points can be redeemed for free nights at Hyatt hotels, room upgrades, and other rewarding experiences, making it an excellent choice for those seeking travel rewards.

Sign-Up Bonus
New applicants can take advantage of an enticing sign-up bonus: earn 60,000 bonus points after spending $5,000 on purchases in the first three months from account opening. These bonus points can provide significant value”enough for multiple nights in Hyatts high-tier hotels.

APR (Annual Percentage Rate)
The regular APR for purchases with the Chase World of Hyatt Business Card is 15.99% to 22.99%, depending on the applicant’s creditworthiness. Additionally, there are no introductory APR offers, so its important to use the card responsibly to avoid accruing interest on unpaid balances.

Foreign Transaction Fees
One of the key benefits of the Chase World of Hyatt Business Card is that it waives foreign transaction fees. This feature is especially advantageous for business travelers who frequently incur expenses abroad, as it allows for cost-effective spending without extra charges.

Balance Transfer Options
The card does not currently offer a promotional balance transfer option, which means any balances moved from other accounts will have the standard APR applied immediately. This aspect could deter users looking to manage debt with preference rates.

Additional Fees
In addition to the annual fee, cardholders should be aware of potential additional fees which include a late payment fee of up to $39, and a cash advance fee of either $10 or 5% of the amount of each transaction, whichever is greater.

Card Benefits and Perks
Beyond its rewards program, the Chase World of Hyatt Business Card boasts a multitude of benefits and perks. Cardholders enjoy automatic elite status, which provides enhanced benefits at Hyatt properties, including room upgrades, exclusive access to special promotions, and late checkout. Furthermore, cardholders can earn two Free Night Awards each year after their cardmember anniversary, allowing for complimentary stays at participating Hyatt hotels.

Customer Protections and Insurance
The card comes with robust consumer protections such as comprehensive fraud liability, purchase protection, and extended warranty coverage. Additionally, cardholders benefit from rental car insurance, provided they use the card to pay for the rental and decline the insurance offered by the rental agency.

Eligibility and Credit Score Requirements
To qualify for the Chase World of Hyatt Business Card, applicants typically need to have a good to excellent credit score (generally in the range of 700 or above). This credit requirement ensures that the card is offered to individuals who are likely to manage their credit responsibly and make the most of the travel rewards program.

Introductory Offers
While this card does not feature any generous introductory APR offers, it does excel in providing value through its ongoing features and benefits that enrich the cardholder’s travel experience.

Special Features or Unique Selling Points
A unique selling point of the Chase World of Hyatt Business Card is its hotel loyalty program associated with the Hyatt brand. Cardholders have the potential to earn enough points for multiple free nights, enhancing their travel experiences. Additionally, the card provides value added through the annual Free Night Award, which can help offset the annual fee.

How to Apply
Interested applicants can easily apply for the Chase World of Hyatt Business Card through the online process. To get started, visit the official Chase website by clicking on the following link: ‘>Apply Here.

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