What is Chase Flex for Business?
Quick insights
- With Chase Flex for Business, you can pay eligible credit card purchases over time with interest, rather than requiring you to pay in full each month.
- For credit cards with this feature, purchases are automatically included in your Flex for Business balance until your reach the limit (the limit is part of a cardmember’s credit access line and is posted in their account).
- Flex for Business is available with select Chase for Business® credit cards.
From unexpected expenses to variable client payment schedules, cash flow challenges can hinder your business’s operations. Chase Flex for Business—a feature available on select Chase for Business credit cards—may offer options that could assist with certain business challenges, depending on your individual circumstances. This tool offers payment flexibility, which may give you options to manage your credit card balance in a way that aligns with your business’s financial needs and goals.
In this article, we’ll cover some things to know about the Flex for Business payment feature, including how to select this option and when it might be a good choice.
Understanding Chase Flex for Business
Chase Flex for Business is a payment option that allows you to pay eligible purchases over time with interest. Your purchases are automatically included in your Flex for Business balance until you reach the limit (your Flex for Business limit makes up a portion of your Credit Access Line; view your limit on the Card Account Details page at chase.com).
After that, any additional purchases are charged to your Pay in Full balance. This feature could be beneficial for business owners who occasionally need to carry a balance (but may require a closer eye on your spending).
Consider reviewing Chase for Business credit cards, including those with the Flex for Business payment feature, to determine if any may align with your needs.
How does Chase Flex for Business work?
If you have a credit card with Flex for Business, you may be eligible to use this payment option without needing to enroll. However, certain terms, conditions or requirement may apply. Eligible cardmembers have a Flex limit, which is the maximum dollar amount on qualifying purchases or balances that can be paid using the Flex for Business feature.
You can view your Flex limit and balances by logging into your Chase credit card account. If the Flex for Business balance is paid off early, interest charges may be reduced, depending on the terms.
Pay in Full vs. Flex for Business
Once a cardmember reaches the Flex limit, additional purchases are applied to the Pay in Full balance, which is due in full each month.
Flex for Business could be a good option when you want to manage large expenses or cash flow gaps. However, if your goal is to limit interest charges, paying the total credit card balance in full by the due date may be preferable.
In summary
Chase Flex for Business offers a way to manage large expenses and unpredictable cash flow. With this payment option, you can pay eligible credit card purchases over time, with interest, up to the Flex limit. If you reach the Flex limit, any additional purchases are applied to the Pay in Full balance.
Flex for Business could be a good option if you encounter unexpected business expenses or have other cash flow challenges. Paying your credit card balance in full each month by the due date is one way to avoid interest charges.
