By Joe Taylor Jr., CardRatings contributor
Updated, May 25, 2010
A new partnership between JPMorgan Chase and MasterCard
may result in millions
of dollars in savings for small business credit card holders. Starting this
month, Chase credit card holders with small business accounts can participate in
MasterCard's Easy Savings program. Easy Savings provides business buyers with
automatic rebates from thousands of popular vendors, ranging from office supply
stores to automotive maintenance facilities.Chase Credit Cards
spokesperson Deborah Schneider told reporters that her company wanted to add
value to small business that were helping to revive the American economy.
"Through our participation in the program," Schneider said, "Chase is
demonstrating its commitment to our small business customers and on providing
simple, cost-effective solutions to their business needs that also deliver value
and enable smart business decisions."
point-of-sale systems automatically detect whether a qualifying MasterCard has
been used during a transaction. Eligible cardholders then receive a rebate
ranging from 1-20% on a future credit card statement. In many cases, MasterCard
can be stacked with additional merchant promotions and affinity
rewards. Chase customers can review a list of participating merchants at a
special Easy Savings website.