Ink Business Cash® Credit Card: 5 Key Benefits You Need

The Ink Business Cash® Credit Card by Chase Ink® has become one of the top choices for small business owners due to its excellent cashback structure, valuable perks, and no annual fee. With up to $750 in bonus cash back, 5% rewards, and the ability to add employee cards at no additional cost, it’s a standout option for entrepreneurs looking to maximize their organization spending.

In this review, we will explore the various aspects of the Ink Business Cash® Credit Card, including its rewards program, benefits, cashback offers, and how it can help your firm grow. We will also compare this card to other business credit cards, ensuring that you get the full picture of why it’s one of the best choices available.

 What is the Ink Business Cash® Credit Card?

The Ink Business Cash® Credit Card is a credit card from Chase Ink®, specifically designed to cater to the needs of small business owners. One of the major highlights of the card is its no annual fee, making it a perfect choice for the firms that want to avoid extra expenses. Whether you’re running a small shop or a growing enterprise, this card offers several features that can benefit your comapnies.

Card Highlights

• Earn up to $750 in bonus cash back by meeting spending requirements within the first 6 months.
• 5% cash back on the first $25,000 spent annually at office supply stores and on phone, cable, and internet services.
• 2% cash back on the first $25,000 spent annually at gas stations and restaurants.
• 1% cash back on all other purchases with no spending limit.
• 5% cash back on Lyft rides through March 2025, enhancing business travel savings.
• $0 annual fee, making it ideal for organizations wanting to minimize costs.
• 0% intro APR for the first 12 months on purchases, with no interest during the introductory period.
• Employee cards at no additional cost, allowing organizations to manage spending with ease.
• Travel and purchase protection benefits, including car rental coverage and purchase protection up to $10,000.
• Earn rewards for every purchase, with unlimited cash back on all eligible expenses.
• Access to Chase Pay Over Time, offering flexible payment options for large purchases.
• Integrated with business bookkeeping software, helping you track costs and organize your finances.
• There are no limits on cash back for most categories, allowing continuous earnings for startup spending.

Rates and Fees of Ink Business Cash® Credit Card

• Annual Fee: $0, making it an ideal choice for companies looking to avoid yearly charges.
• APR: 0% intro APR on purchases for the first 12 months from account opening.
• After the intro period, the APR ranges from 17.49% to 25.49%, depending on creditworthiness.
• Cash Advance APR: 29.99% variable APR on cash advances.
• Cash Advance Fee: 5% of the amount or $10, whichever is greater, per transaction.
• Balance Transfer Fee: 5% of the amount or $5, whichever is greater, per transfer.
• Foreign Transaction Fee: None, making it ideal for international business transactions.
• Late Payment Fee: Up to $39, depending on the balance.
• Returned Payment Fee: Up to $39 for returned payments.
• Additional Card Fee: There is no fee for adding employee cards, making it cost-effective for firms with multiple employees.

See Full Rates and Fee

Key Highlights of the Ink Business Cash® Credit Card

1. Sign-up Bonus: New card members can earn up to $750 in bonus cash back. This bonus is broken down into two parts:
   • $350 after spending $3,000 within the first 3 months of opening the account.
   • $400 after spending $6,000 within the first 6 months.
2. Reward Categories: The card provides up to 5% cash back on business-related purchases, with additional rewards in specific categories like office supplies, gas, and restaurants.
3. APR and Fees: The card offers a 0% intro APR for the first 12 months on purchases. It is a good option for business owners who want to carry a balance without paying interest during the introductory period. Afterwards, the APR ranges from 17.49% to 25.49% variable, depending on your creditworthiness.

Earning Cash Back with Ink Business Cash® Credit Card

The Ink Business Cash® Credit Card stands out due to its rewards system. This card allows you to earn cash back on business purchases, and the best part is there are no limits on the total amount you can earn for most categories, giving you the freedom to make purchases as your organization needs grow.

Rewards Breakdown

1. 5% Cash Back: Earn 5% cash back on the first $25,000 spent annually on purchases at office supply stores and on internet, cable, and phone services. This is an exceptional deal for companies that rely on office supplies and communication services.
2. 2% Cash Back: Earn 2% cash back on the first $25,000 spent annually at gas stations and restaurants. These categories are perfect for enterprises that have regular travel or dining expenses.
3. 1% Cash Back: For all other purchases, you will earn 1% cash back on every dollar spent. There is no limit to the amount you can earn in this category, ensuring that you are rewarded for every corporations expense.
4. 5% Cash Back on Lyft: Through March 2025, Ink Business Cash® cardholders can earn 5% cash back on Lyft rides, which is a significant bonus for firms that frequently use ridesharing services for work-related travel.

Key Takeaway of the Ink Business Cash® Credit Card

The 5% cash back on business purchases like office supplies and communication services is one of the most competitive offerings available for startups owners. It’s ideal for entrepreneurs who spend in these categories and want to make the most out of every dollar.

How to Earn $750 Bonus Cash Back with Ink Business Cash® Credit Card

One of the most enticing features of the Ink Business Cash® Credit Card is its sign-up bonus. New cardholders can earn up to $750 bonus cash back by meeting specific spending requirements within the first 6 months of account opening. Here’s how you can gain the full bonus:

1. Spend $3,000 on purchases within the first 3 months of account opening to earn $350 in cash back.
2. Spend an additional $6,000 on purchases within the first 6 months to earn an extra $400 in cash back.

This is a fantastic opportunity for agencies that can meet these spending thresholds and offset the costs of opening a new business account. The bonus is credited directly to your account as cash back, which can be redeemed easily for statement credits or direct deposits into your bank account.

Cash Back Redemption Options

Once you start earning rewards, you can redeem your Ink Business Cash® Credit Card cash back in several flexible ways:

1. Statement Credit: Redeem your cash back as a statement credit to offset your card balance.
2. Direct Deposit: Cashback can be directly deposited into a U.S. checking or savings account, providing easy access to your rewards.
3. Gift Cards: Chase offers over 150 gift card brands, giving you the freedom to redeem your rewards for items your company needs.
4. Travel Booking via Chase Travel: You can also use your cashback rewards to book business travel through Chase Travel.

Other Key Benefits of the Ink Business Cash® Credit Card

Beyond the Ink Business Cash rewards, the card offers several additional benefits designed to help enterprises owners manage their expenses and protect their purchases.

Travel and Purchase Protection

1. Auto Rental Collision Damage Waiver: If you rent a car for business purposes and charge it to your Ink Business Cash® Credit Card, you’ll be covered for collision damage and theft for up to $60,000.
2. Travel and Emergency Assistance: This feature provides legal and medical referrals as well as emergency services while travelling away from home, offering peace of mind on business trips.
3. Roadside Assistance: If you experience a roadside emergency while driving a company vehicle, the card offers roadside assistance, and fees are billed directly to your card.
4. Purchase Protection: Eligible new purchases are covered for 120 days from damage or theft, up to $10,000 per item. This is a valuable protection for small startups purchasing expensive office equipment or supplies.
5. Extended Warranty Protection: The card automatically extends the manufacturer’s warranty on eligible purchases by one year, up to four years from the purchase date.

Managing Business Expenses with Chase Ink® Business Credit Card

As a organization owner, keeping track of your expenses is essential for financial planning and tax reporting. Fortunately, the Ink Business Cash® Credit Card offers several tools to help you stay organized:

1. Expense Tracking: With 24/7 access to your account, you can easily view your transaction history, categorize your expenses, and track your rewards.
2. Quarterly Reports: Chase provides quarterly statements that summarize your spending in various categories. This feature is helpful for tax season or for tracking your business’s financial health.
3. Integration with Bookkeeping Software: The card integrates with popular business bookkeeping software, helping you maintain accurate records and simplifying tax reporting.

With these features, it’s easy to separate business and personal expenses, keeping your finances organized and helping to build a business credit history.

Chase Pay Over Time

Another valuable feature of the Ink Business Cash® Credit Card is the Chase Pay Over Time option. This allows cardholders to break up large purchases into manageable monthly payments, helping ease cash flow concerns.

• Fixed Monthly Fee: After selecting an eligible purchase of $100 or more, you can choose to pay it off over time with a fixed monthly fee (no interest).
• Flexible Terms: The payment plan duration can range from 3 to 24 months, depending on your corporation needs and credit status.

This feature makes it easier for companies to handle larger purchases without worrying about high interest rates.

Referring Others and Earning Additional Rewards

Chase Ink® offers a referral program, allowing cardholders to earn 20,000 bonus points for each business they refer to get approved for any Chase Ink® Credit Card. You can earn up to 100,000 points per year by referring new cardholders.

This is a great way to leverage your enterprise network and earn additional rewards, enhancing the value of your Ink Business Cash® Credit Card.

Comparison of Ink Business Cash® Credit Card vs. Other Similar Cards

When deciding between the various Chase Ink® business credit cards, it’s important to understand the differences in their features, rewards, and fees. Each card caters to specific firm needs, from cash back to travel rewards. Here’s a comparison of four popular Ink Business Credit Cards to help you make an informed decision.

Comparison of Ink Business Cash® Credit Card vs.Ink Business Unlimited® vs.Ink Business Preferred® vs.Ink Business Premier®.xlsx

Comparison Analysis

1. Ink Business Cash® Credit Card: Best for firms that spend heavily on office supplies, phone, internet, and cable services. It also offers no annual fee and a 0% intro APR period.
2. Ink Business Unlimited® Credit Card: Ideal for companies that prefer simplicity and a flat 1.5% cash back on all purchases, with no annual fee.
3. The Ink Business Preferred® Credit Card: Offers more robust travel rewards, with 3X points in select categories, but it has a $95 annual fee.
4. The Ink Business Premier® Credit Card: Geared towards larger organizations with high-value purchases. It offers 2.5% cash back on purchases over $5,000 and a higher annual fee.

Which One is Worth Buying?

If your business has specific categories of spending like office supplies, the Ink Business Cash® Credit Card offers the best rewards with a $0 annual fee. However, if your firm is looking for a simple, no-fuss card with consistent rewards, the Ink Business Unlimited® Credit Card could be a solid choice. If travel rewards and flexibility are your priority, consider the Ink Business Preferred® Credit Card. For high-value organizations, the Ink Business Premier® Credit Card offers impressive earning potential, though it comes with a higher annual fee.

Why You Might Think About a Different Credit Card Than Ink Business Cash® Credit Card?

The Ink Business Cash® Credit Card is a great choice for many small startup owners, offering lucrative cashback rewards and a $0 annual fee. However, it may not be the best fit for everyone. Before you make a decision, it’s important to consider your specific company needs. Here are a few reasons why you might want to think about a different credit card.

1. Limited Bonus Categories: The Ink Business Cash® Credit Card offers 5% cash back on purchases at office supply stores and on internet, phone, and cable services, but these categories are not ideal for every enterprise. Suppose your company spends most of its money elsewhere, like on travel, dining, or shipping. In that case, you might be better off with a card that offers more versatile rewards across various categories.

2. No Flat Rate on All Purchases: While the card offers strong rewards in select categories, other purchases only earn 1% cash back. If you’re looking for a business credit card with consistent rewards on all purchases, you might prefer a card that offers a higher flat-rate reward, like the Ink Business Unlimited® Credit Card, which gives 1.5% cash back on every purchase with no limits.Related: Can I Use My Business Credit Card for Personal Use? Is it Legal/Illegal

3. Business-Specific Rewards: If your firm prioritizes travel or other perks, the Ink Business Cash® Credit Card may not be your best option. Cards like the Ink Business Preferred® Credit Card offer 3X points on travel, shipping, and other business-specific categories. This can provide greater flexibility if your organization frequently needs to book flights or travel-related expenses.

Best Alternatives to Consider instead of Ink Business Cash® Credit Card

1. Ink Business Unlimited® Credit Card: Ideal for companies looking for a simple, no-annual-fee card with 1.5% cash back on all purchases.
2. Ink Business Preferred® Credit Card: This card is perfect for enterprises with high travel or shipping expenses. It offers 3X points in select categories and a sign-up bonus worth $1,125.
3. American Express Blue Business Plus: Offers 2X points on the first $50,000 spent each year, making it a great option for companies that spend a lot but want more flexibility than Ink Business Cash®.

Ultimately, the best card depends on your company’s spending habits. Evaluate your needs to choose the card that offers the most value for your company.

Frequently Asked Questions (FAQs)

Final Thoughts

In conclusion, the Ink Business Cash® Credit Card by Chase is a great option for startups. It has no annual fee and offers a strong cashback structure. Valuable perks, like employee cards at no extra cost, make it appealing. The card provides significant benefits for companies that frequently purchase office supplies, gas, and communication services. New cardholders can earn up to $750 in bonus cash back within the first six months.

The 5% cash back on select categories and 2% on others make it ideal for firms with these expenses. The card also offers flexibility, including a 0% intro APR for the first 12 months. Rewards can be redeemed in various ways, making it even more useful.

However, the card may not be the best for enterprises with primarily travel-related expenses. It also doesn’t offer a higher flat-rate cashback on all purchases. Despite this, the Ink Business Cash® Credit Card offers great value for businesses that fit its reward categories. If your business aligns with these needs, this card can help maximize spending and streamline financial management, all while offering comprehensive protections and support for business expenses.

The Hyatt Business Card, offering 60,000 bonus points, is also a great choice. While it does come with an annual fee of $199, the card’s benefits make it well worth the cost