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Chase Launches Credit Card Aimed at Construction Contractors

by Peter Andrew
Chase Launches Credit Card Aimed at Construction Contractors

Editor’s Note:  This limited-time offer has expired. 

Chase is targeting a specific niche with its latest small business credit card, launching the Chase Contractor Cash Rewards Visa Signature Card this week. In addition to offering 2% cash back on up to $20,000 of construction-related purchases per month (and 1% on any other purchases), the card has no pre-set spending limit and offers 0% financing for 60 days on construction-related purchases of over $1,000.

Chase believes this combination of flexible spending limits, same-as-cash purchases and competitive rewards will be enticing enough to get contractors to pay invoices with a credit card instead of through other check writing.

Chase calls the Contractor card the first in a series of small business card launches seeking to shift invoice-paying to credit cards, leading to the assumption that Chase will continue to target specific small business types and craft cards that are attractive to those particular customers.

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