You know that UPS is arguably the most well used shipping service in the world (outside of the post office); but did you know that they have their own financing arm and that small businesses can get a UPS credit card from this arm of UPS? If not, you aren’t alone, most average people don’t realize that there is more to UPS than package delivery.
The UPS Capital Corporation is a part of UPS that helps businesses of any size to expand operations, lease new equipment, accelerate cash flow, and more by providing loans to businesses. By providing capital, they help businesses to grow and stay competitive as well.
Find out how their benefits compare with other credit cards now!
In 2002 UPS Capital decided to offer small businesses the UPS Capital Visa Business Card. Although it is offered by UPS Capital, it is underwritten by Bank One, which is a Chase owned company.
UPS Credit Card Overview
Unfortunately, in order to learn everything that you should know about this business credit card before applying, you have to be invited to apply by UPS. This means that if you haven’t received an invitation, then you won’t qualify for this card.
However, there are a few things that UPS shares about the card in their press release.
- No annual fee
- Management reporting
- Rewards credit card
- Low introductory rate for 9 months on both purchases and balance transfer credit card transactions
The rewards program is pretty straightforward. You will earn one point for every $1 you spend. These points can be redeemed for UPS coupons. You will qualify for a coupon once you spend $2,500 and the coupon will equal $25. There is a 2 coupon per month cap.
UPS Credit Card Considerations
- You have to be invited to apply
- This is a card only for small businesses
- The rewards program is very limiting
- You have to apply to learn about the terms and conditions
UPS Credit Card Bottom Line
If you aren’t a small business that uses UPS all of the time, then this isn’t the ideal credit card for you. In addition, the rewards program earns slow and only pays back in UPS coupons.
For other great online credit card options, try our credit chaser tool right now!