Chase and United Airlines announced on Thursday, Jan. 23, the new United℠ Business Card. Approved applicants will be eligible to earn a 100,000-mile bonus offer^[1] and competitive rewards on common business expenses, such as transit and office supply stores.

“This card was designed to give small business owners even more ways to earn double miles in areas where they are already spending, allowing them to earn miles faster that they can use to travel to hundreds of exciting destinations United serves around the world,” Luc Bondar, United’s VP of loyalty said in the press release.

Along with the launch of this new card, Chase revealed the United℠ Explorer Business Card will no longer be open to new applicants. However, current cardholders can continue to use their card and enjoy the benefits offered.

Below, CNBC Select^[2] breaks down what you should know about the new United℠ Business Card and how it compares to the now discontinued United℠ Explorer Business Card.

The rewards program improves on the United℠ Explorer Business Card by doubling the amount you earn on local transit and commuting expenses to 2X miles per $1 spent.

Compared to the United℠ Explorer Business Card, the United℠ Business Card’s welcome bonus requires less spending to earn the same bonus. Previously, the United℠ Explorer Business Card had a tiered bonus: 50,000 bonus miles after you spend $5,000 in purchases in the first three months your account is open and an additional 50,000 bonus miles after you spend $25,000 total in purchases in the first six months your account is open. The new United℠ Business Card makes the welcome bonus easier to achieve.