Chase Platinum Business Credit Card: How Business Owners Can Benefit

Credit cards are an essential companion for business owners. They are vital for making fast payments, placing orders and covering travel costs when necessary. And it is in recognition of this fact that the Chase Platinum Business Credit Card has emerged, providing benefits that small and medium sized businesses can find very worthwhile.

There is no doubt that approval of a high credit limit can prove to be risky, but since the card is to benefit business, with expenses and invoices that need to be paid quickly and supplies to be sourced without delay, a limit of up to $35,000 is ample. Business owners know better than to spend wildly anyway.

There is always reason to examine closely the factors that affect a card before getting one. But with a range of Chase cards that suit every lifestyle and business, there are great advantages to be enjoyed.

What the Card Offers

There are a number of advantages to taking on a Chase Platinum Business Credit Card, advantages that not only give the cardholder a certain freedom but also provide a meaningful support when conducting business.

Typical benefits include an introductory offer of 0% APR for the first 12 months on both purchases and balance transfers. There is also no annual fee, but with a credit limit of up to $35,000, the cardholder is given plenty of room to maneuver. Of course, the approval of a high credit limit can spell trouble if the card is not used wisely.

However, another key benefit of this Chase credit card is that significant savings can be made on the purchase of business and office equipment. For example, as much as 20% can be saved on the cost of buying computers and office supplies.

Factors to Consider

There are not many negatives to the Chase Platinum Business Credit Card, with the card clearly designed to encourage small business. It can help them to get off the ground by covering some of the start-up costs, or maintaining a flow of funds needed to keep the office running smoothly.

The attraction of the card means that transferring balances from old credit card providers is to be expected. For some, it is the draw of getting approval of a high credit limit, but it is important to understand that transferring balances on other major cards will affect the credit balance, in much the same way as making a purchase.

Also, Chase does not contact the old credit card company to notify that an account should be closed. That will need to be done by the holder of the new Chase credit card. Leaving it undone, can result in higher costs.

Extra Benefits

There are other benefits to a Chase Platinum Business Credit Card that are worth noting. Though they may not make a hugely significant difference to the cardholder, they are certainly convenient to have. The card offers emergency and travel assistance, purchase protection and travel accident insurance.

It means that business travelers are covered on the business journeys, something that can come in useful when on the road – or in most cases, in the air. There is no doubt that getting approval of a high credit limit can lead to financial pressure, but as with all credit cards, careful management can ensure a good future.

And for business owners looking to invest in new computer equipment, this Chase credit card is ideal, allowing for cost-saving investment in necessary equipment.

Overseas Travel Insurance Plans – Costs Less and Offers More

Everyone craves for vacations to enjoy some quality time with their loved ones and Indians are no exception. The outbound travel sector of India saw a robust growth this year because international travel destinations are highly sought-after among Indians in 2015. Obstacles like inflation, skyrocketing ticket price and depreciation of rupee couldn’t deter the wandering spirit of Indian travelers to travel around the world. Over 60% of Indians remain unmoved by the depreciating rupee and are raring to go to travel. However, the rate of availing travel insurance to safeguard the trip is still dismal among Indian travelers.

Young generations prefer to travel to international destinations once a year at least. According to a survey, 90% of these travelers make use of their own savings for overseas trips and don’t consider travel cover. Quite surprisingly, this is the mindset of young internet savvy generation as ICICI Lombard conducted the survey in the age group of 25-35 among 1049 people across six metro cities in India who had international trips in the previous year.

The survey further reveals that Singapore is the most preferred travel destination among young Indian travelers; the second and third places are held by US and UK.

Let’s take a look at the travel plans available and their prices for those who favor these destinations. Let’s start with Singapore.

Travel insurance plans available for Singapore trips

The following list of top 5 policy quotes in terms of lowest premium are for one 30 years old person looking for a single trip to Singapore. The trip duration is 10 days and the chosen sum insured is US$ 500000.

  1. Universal Sompo – Premium of Rs. 942
  2. HDFC Ergo – Premium of Rs. 1015
  3. Reliance – Premium of Rs. 1129
  4. TATA AIG – Premium of Rs. 1234
  5. Religare – Premium of Rs.1666

The lowest premium is Rs. 942 for a travel insurance plan for a 10 days trip to any Asian country such as Singapore, Thailand. This means one has to pay less than Rs. 100 per day to make his trip safe and secured. Indian travelers must know that travel plans are not only inexpensive but they also provide coverage for loss of baggage, passport, hijack and even emergency treatment.

Travel Insurance plans available for UK trips

The following list of top 5 policy quotes in terms of lowest premium are for 1 person looking for a single trip to UK. The trip duration is 10 days and the chosen sum insured is US$ 500000.

  1. Universal Sompo – Premium of Rs. 942
  2. Bajaj Allianz – Premium of Rs.991
  3. HDFC Ergo – Premium of Rs. 1015
  4. Reliance – Premium of Rs. 1129
  5. Bajaj Allianz ( Travel Elite Platinum) – Premium of Rs. 1139

Universal Sompo provides the lowest premium. The premium of travel insurance plan is also Rs. 942 for a 10 days trip To UK.

Travel insurance policies for US trips

The following list of top 7 policy quotes in terms of lowest premium are for 1 person looking for a single trip to US. The trip duration is 10 days and the chosen sum insured is US$ 500000.

  1. Universal Sompo – Premium of Rs. 1344
  2. HDFC Ergo – Premium of Rs. 1438
  3. Bajaj Allianz – Premium of Rs.1441
  4. IFFCO-TOKIO – Premium of Rs.1456
  5. Bajaj Allianz ( Travel Elite Platinum) – Premium of Rs. 1658
  6. TATA AIG – Premium of Rs. 1694
  7. Reliance – Premium of Rs. 1783

The lowest premium is Rs. 1344 for a travel insurance plan for a 10 days trip to US. Just imagine, you are getting all types of risks covered just by paying less than Rs. 140 for each day of your trip.

Best travel insurance plans in India in terms of baggage and medical coverage

The survey also made clear that 79% people buy travel plan to cover medical emergencies. Safety of baggage is the second most vital reason as 60% people behind purchasing travel insurance policy. So let’s find out best travel insurance plans in terms of medical emergency and luggage safety.

From the above list of travel policies for US, two plans by Reliance and Bajaj Allianz look best in terms of baggage cover.

Reliance Travel care platinum provides US$1500 for the loss of checked baggage for a premium of Rs.1783.

The Travel Elite Premium plan by Bajaj Allianz provides US$ 1000 for a premium of Rs. 1658 for the loss of checked baggage.

To get the best coverage for medical emergencies, the Titanium plan by HDFC ERGO is the best. It primarily covers:

  1. Emergency Medical Expenses
  2. Permanent Disablement/accidental death
  3. Hospital Cash
  4. Loss of Personal Documents
  5. Accidental Death
  6. Loss of Baggage
  7. Financial Emergency Assistance
  8. Personal Liability

What is the cost of international travel policy for a couple?

According to the survey, 52% of travelers prefer to have trips with spouses. So, if these people can avail a travel plan for visiting US or UK or Singapore, how much do they have to pay?

Let’s start with US trip for 10 days for a sum insured of US$ 100000 covering 2 people who are 30 and 28 years old.

Religare offers the best plan which comes at a premium of Rs. 2407.

If you compare travel plans available for couples who wish to visit UK, keeping the same criteria for trip duration, sum insured and age of the traveler, Religare provides the best plan. The premium of the plan is Rs. 1537.

For a trip in countries like Singapore, Thailand within Asia which has been the top travel destination of 2015, a couple has to spend even less for a travel insurance policy. If you compare travel insurance plans that cover Asia, you will get the lowest premium of Rs. 1218 from Explore Asia plan provided by Religare.

The positive part of the survey is the increased awareness among Indian travelers. More than 90% of young generation is aware of the travel insurance which is a significant rise from last year’s 80%. One of the major provider of travel insurance plans in India; ICICI Lombard underwritten a total travel insurance premium of Rs 100 previous year, one can expect the premium to increase by 5-10% in this year. The problem is not with the awareness; it is the lack of understanding about the benefits associated with these travel covers.

27% of the total respondents in the survey choose not to avail a travel insurance plan simply because they were under the wrong conception that such plans cover only accidents, loss of baggage and theft but don’t provide medical coverage. This is far from being the truth as the complete break-up of Titanium plan by HDFC ERGO shows extensive coverage for medical emergencies.

25% surveyed people didn’t buy any travel plan because they thought such plans are costly but it is not so. The price of all plans for person mentioned here are about less than Rs. 100 to less than Rs. 140 for each day of a 10 days trip. Travel insurance policies for couples are even cheaper as they cost in the range of less than Rs. 65 per day per person to less than Rs. 125 per day per person for destinations like US, UK and all countries in Asia including popular destinations like Singapore, Thailand.

Indians love to spend their holidays in international destinations. An international travel insurance plan doesn’t cost much and offers a lot in return. If you are also a travel freak, you should insure the total duration of the trip so that you can enjoy your holiday with complete peace of mind.

Keurig Platinum B70: A Coffee Brewer With Larger Reservoir

Drinking a cup of tasty coffee is a good way to start your day. This beverage is able to improve your mood as well as give health benefits to the body. To get tasty coffee every morning, all you need is a reliable coffee brewer like Keurig Platinum B70. This product comes with improved features compared to its predecessors: the B40, B50 and B60. Larger reservoir, quiet noise and a smaller footprint are three major improvements from the Keurig Platinum B70.

This new product offers a list of amazing features such as:
1. 4 brew sizes: 5.25-oz for more intense cup, 7.25-oz for regular cup, 9.25-oz for mug and 11.25-oz for travel mug.
2. Backlit LCD display.
3. Large water reservoir (60-oz). The larger reservoir in the new Keurig Platinum B70 really makes a great change. With the large reservoir, you don’t need to refill the water frequently.
4. Adjustable brew temperature
5. Digital clock
6. Chrome handle

Consumers often ask if this new Keurig Platinum B70 is quieter than its predecessors. Well, this new product is actually quieter than the B60 if the lid is tight and in place. However, this coffee brewer will sound like the B60 when the lid of the reservoir is loose or when you place it on an uneven counter. It is nice to have this product since it is quieter during brewing. In addition, you need less time to brew 7.25 oz regular cup of coffee.

Keurig Platinum B70 Compared to the B60 and B50
Actually, there are no big differences between this new model and the older ones. The main difference is that this new product can brew coffee faster than other models. However, faster performance doesn’t affect the coffee taste. The taste of coffee brewed using B70 is the same as the one brewed using other models. How about the 11.25 oz brew size option? Well, this setting enables you to brew coffee for travel mug in easier way. To accommodate 11.25 oz of coffee, you need to use the extra bold K Cups since the regular ones won’t hold up. Some people may don’t like this large brew size they can’t maintain coffee flavor in large volume.

One drawback you will find in the new Keurig B70 is that the power button is placed on the back. If you check the Keurig B40, B50 and B60, the power buttons are placed on the front so that users can access it easily. In addition, this new product also doesn’t include a charcoal water filter.

I recommend you to obtain this product if you love to have larger reservoir in a coffee brewer. If you also expect more features, this Keurig Platinum B70 is better than the older models. It comes with useful features that help you brew coffee in a faster way.