The Chase Ink Business Cash Credit Card offers an excellent signup bonus, solid ongoing rewards, and $0 annual fee. That still doesn’t mean its best for you and your company. In this review, we’ll examine what the Chase Ink Business Cash Credit Card has to offer and compare it to other small business credit cards.
Table of contents
I’m a stickler for bookkeeping with my business. We balance everything to the penny, every month. A small business credit card makes it easy to track business expenses. The good news is that many business credit cards offer excellent rewards. The Chase Ink Business Cash Credit Card is one such card.
Ink Cash Business Card Snapshot
- Signup Bonus: Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- 5% Rewards: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- 2% Rewards: Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- 1% Rewards: Earn 1% cash back on all other card purchases with no limit to the amount you can earn
- Intro APR: 0% introductory APR for 12 months on purchases
- No Annual Fee
Click here to learn more about this and other business credit cards.
Cash Back Rewards Program
The Chase Ink Business Cash Credit Card offers several levels of rewards.
Signup Bonus: To start with, Chase offers a $750 bonus when new card members spend $7,500 in purchases within 3 months of opening an account. This is one of the richest cash signup bonuses available.
5% Cash Back: Earn 5% cash back on the first $25,000 you spend on combined purchases at office supply stores and on cellular phone, landline and cable TV services each account anniversary year. That’s a potential cash back of $1,250.
2% Cash Back: Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. That’s a potential cash back of $500.
1% Cash Back: Earn 1% cash back on every other purchase you make with your Ink Cash Business Credit Card with no limit to the amount you can earn.
Chase Ultimate Rewards
While the Chase Ink Business Cash Credit Card is a cash back card, you can convert the cash back into Chase Ultimate Rewards. This presents some unique opportunities. For example, you could convert to Chase Ultimate Reward points and then transfer them to any other Chase credit card that also earns CUR points. Why would we do this?
Because some cards pay a bonus when you use CUR points for travel booked through Chase. I carry the Chase Sapphire Reserve card, for example. It pays a 50% bonus when you use points for travel booked through Chase. Thus, the 5% you this card, once transferred to the Sapphire Reserve and used for travel through Chase, becomes a 7.5% reward rate.
If you carry the Chase Sapphire Preferred card or the Chase Ink Business Preferred card, they work the same way, but the bonus is 25%. You can also transfer the points to Chase airline and travel partners. In many cases, this results in the highest value.
0% Introductory APR
This card offers a 0% introductory APR for a period of 12 months on purchases. As a result, you can earn substantial cash back rewards while taking time to pay off the debt over 12 months with no interest.
The Chase Ink Business Cash Credit Card offers several additional benefits:
- Purchase Protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account
- Extended Warranty Protection: Extends the time period of the U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less
- Auto Rental Collision Damage Waiver: Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad
- Stay On Top of Your Spending: Set and change individual spending limits on employee cards,* and earn even more rewards from their purchases. Receive instant alerts for every purchase to help you control and track overall spending.
- Exclusive Mobile Experience: Snap, tag and file receipts instantly with our mobile app* designed exclusively for Ink customers.
Pros and Cons of the Chase Ink Business Cash Credit Card
What we like
- $750 bonus cash back for new card members after spending $7,500 within 3 months
- Earn 5% cash back on first $25,000 spent at office supply stores, and on cellular phone, landline, internet and cable TV services
- Earn 2% cash back on the first $25,000 spent in combined purchase at gas stations and restaurants
- Ability to transfer cash back to other Chase Ultimate Rewards cards or to Chase travel partners.
- No annual fee
What could be better
- 2% and 5% reward categories cap at $25,000 each per year
- 3% foreign transaction fee
- Requires Excellent Credit
Small Business Features
The Chase Ink Business Cash Credit Card offers several perks aimed at small business owners:
- Employee cards at no additional cost
- Set spending limits per employee
- Zero liability protection
- Travel and emergency assistance
- Integrates into Quickbooks and other accounting software
Chase Ink Business Cash Credit Card Comparison
The first thing is to compare the Chase Ink Business Cash Credit Card to the other Chase Business Ink cards. The standout feature of the Ink Business Cash is its 5% reward rate on purchases at office supply stores and on internet, cable and phone services. This rate is capped at $25,000 each account anniversary year. If you have purchases in this category approaching $25k a year, this is the card for you.
It may make sense to have more than one Chase Ultimate Rewards credit card, however. As noted above, the best values come when using rewards for travel. If you plan to book travel through Chase using rewards, you’ll want to get a second Chase card that offers a bonus.
If you don’t plan to spend anywhere near $25k on the 5% categories, then either the Chase Ink Business Preferred or the Chase Ink Business Unlimited will be a better option. The Unlimited is best if you spend a lot in these categories:
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases with social media sites and search engines
Otherwise, the Ink Business Preferred is ideal, as it pays a flat 1.5% on all purchases.
There are of course other options. One that I’ve carried for a long time is the Capital One Spark Cash card. It pays 2% cash back on all purchases. This option is ideal if you just want the cash. If you will use the rewards for travel, Chase is by far the best option.
Yes. And Chase Ultimate Rewards can be transferred to Chase travel partners, transferred to other Chase credit cards, or used to book travel directly through Chase.
The answer depends entirely on how you use the card. The all offer excellent signup bonuses and ongoing rewards. If you travel a lot, the Ink Preferred is best. If you spend a lot on office supplies, the Ink Cash is best. If you spend a lot on a wide variety of purchases, the Ink Unlimited may be ideal.
The Chase Ink Business Cash Credit Card is an excellent card for small business owners who spend a lot of money on office supplies and internet, cable and phone services.
Click here to learn more about this and other business credit cards.