Chase and Marriott Bonvoy have recently unveiled enhancements to the Marriott Bonvoy Bold Credit Card, a product designed to not only elevate the travel experience for cardholders but also potentially benefit small business owners who frequently engage in both travel and everyday spending.

One of the standout features is the new Travel Now, Pay Later option, which allows cardmembers to break qualifying travel purchases of $100 to $5,000 into equal monthly payments without accruing interest or incurring plan fees. This feature offers flexibility, enabling small business owners to manage travel-related expenses more easily while still earning points on those purchases. Given that many small businesses rely on travel for client meetings or conferences, this can alleviate financial pressures during busy months.

Additionally, the card has increased earning potential, providing 2X points for every dollar spent at grocery stores, rideshare services, select food delivery, and various streaming and utility services. This enhancement supports everyday spending, enabling small businesses to quickly accumulate points that can be redeemed for hotel stays and experiences. As many small business owners juggle numerous expenses, the ability to earn points on regular purchases can facilitate access to valuable perks.

In addition to earning potential, cardholders automatically receive Marriott Bonvoy Silver Elite status each year, which grants additional perks like priority late checkout and a 10% boost in points earned from hotel stays. The card also awards users 5 Elite Night Credits annually, providing pathways to higher elite status within the Marriott Bonvoy program. Elevating travel experiences can be crucial in building relationships with clients or partners, and this card strives to make those experiences more accessible.

Khary Barnes, Managing Director and General Manager of Marriott Bonvoy Co-Brand Cards at Chase, noted, “We relaunched the Marriott Bonvoy Bold Credit Card from Chase with the goal of helping new and existing cardmembers make their travel dreams with Marriott Bonvoy a near-term reality.” This speaks to the desire to engage younger audiences, particularly among Gen Z and Millennial demographic groups, who are becoming an increasingly important segment for small businesses.

The best offer to date for new cardmembers includes 60,000 bonus points and a Free Night Award valued up to 50,000 points after spending $2,000 within the first three months. This offer represents an attractive option for small business owners who may frequently travel or need accommodations for business events.

While these advancements present enticing opportunities, potential challenges remain for small business owners considering the Marriott Bonvoy Bold Card. One concern could be the availability of the Travel Now, Pay Later feature, as access is not guaranteed, which could complicate travel budgeting and planning. Additionally, the card’s focus on points accumulation could encourage higher spending, which might not always align with tight budgets inherent to small businesses.

Chase operates a vast network serving more than 82 million consumers and 6.4 million small businesses, providing a robust range of financial services. This connection allows small business owners to choose how they want to engage with their banking needs, offering potential pathways to financial resources that can support their growth.

As the business landscape evolves, leveraging tools that provide financial flexibility and opportunities for earning rewards can be crucial for small business owners aiming to stay competitive. The enhancements to the Marriott Bonvoy Bold Credit Card, while primarily targeting frequent travelers, can also serve as a resource for small businesses looking to manage expenses connected to travel and enhance their overall operational efficiency.

For additional details about the Marriott Bonvoy Bold Credit Card and its benefits, you can visit Chase’s official page.

With the right approach to leveraging these offerings, small business owners may find a pathway not only to better travel management but also enhanced customer relationships through rewarding travel experiences.

Image via Chase

This article, “Chase Revamps Marriott Bonvoy Bold Card with New Travel Benefits” was first published on Small Business Trends