|Business Rating:||3.3 / 5|
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|Issuer Customer Experience||3.6|
In a Nutshell:
If you’re determined to keep costs to a minimum, the Chase Ink Business Cash Credit Card offers a lot of cash back on your business purchases — including purchases made on employee cards — for no annual fee.
Average Yearly Rewards Value ($4,000 monthly spend)
Chase Customer Service Ratings
Other Notable Features: No fee for employee cards, set individual limits per card, mobile wallet app to track receipts, purchase protection, extended warranty protection, car rental insurance
Ink Business Cash Credit Card Review: More Details
If your business spends a significant amount on internet, cable and phone services and offices supplies, the cash back rate on the Ink Business Cash card is hard to beat. With a generous rewards rate on common office purchases, gas and dining, the card is a great option for small business owners eager to start earning cash back on their spending.
The card also comes with a great sign-up bonus, and it doesn’t charge an annual fee.
Very generous sign-up bonus
The Ink Business Cash card is currently offering a generous sign-up bonus – $750 if you spend $7,500 in the first three months. Assuming you can meet the steep spending requirement within the first three months, this is a great offer, especially since the Ink Business Cash doesn’t charge an annual fee. Indeed, this is a 50% increase to the cards previous bonus of $500 after spending $3,000 in the first three months.
Earning cash back
The Ink Business Cash card offers 5 percent cash back on internet, cable and phone services and at office supply stores (on up to $25,000 in purchases per year), making it a lucrative choice for small business owners who spend heavily in these categories. The card also offers 2 percent cash back on gas and dining (up to $25,000 in purchases per year) and 1 percent cash back on other purchases.
This is a top-tier rewards rate for a card with no annual fee – as long as it matches your business spending. The 5 percent category can be incredibly lucrative, even with a spend cap, but be careful not to shift your spending just to earn more rewards.
We estimate the average business doesn’t spend enough on these purchases to boost the overall rewards rate of the card. In fact, we estimate the average business owner who spends $4,000 per month will earn an overall cash back rate of 1.47 percent. While it is true that businesses who spend more than average on office supplies, internet or cable can significantly boost this rate, businesses who don’t spend heavily in these categories might be better off opting for a card with a flat rate of cash back – like the Capital One Spark Cash Select for Business.
Redeeming cash back
Once you’ve earned cash back with the Ink Business Cash card, you have a few different redemption options. Beyond the traditional statement credit or direct deposit, you can use your rewards for travel purchases, Apple products and more. Just keep in mind that you might not get as much value out of your rewards depending on how you redeem them.
Ink Business Cash redemption options
|Redemption option||Point value (cents)|
|Chase Pay purchases||0.8|
You also have the option to transfer rewards earned on the Ink Business Cash card to another Chase Ultimate Rewards card to potentially boost their value. For example, the Ink Business Preferred Credit Card offers a 25 percent higher point value when redeemed for travel through Ultimate Rewards. If you transfer points earned on the Ink Business Cash card to the Ink Business Preferred, you can boost their value to up to 1.25 cents per point.
On top of a great rewards rate, the Ink Business Cash card comes with a 0 percent introductory APR on new purchases for the first 12 months (13.24% to 19.24% variable thereafter). This is a huge perk for cardholders looking to finance a bigger purchase over time without racking up interest charges, but proceed with caution. Don’t take on more than you can pay off in the introductory period, or you could end up paying quite a big in interest. While the intro APR can be a great way to slowly pay off larger expenses, you should avoid using it in place of a loan to fund your business.
See Related: Am I on the hook for my business’s credit card debt?
Pairing the Ink Business Cash card with other Ultimate Rewards cards
Chase has a very flexible point-transfer policy, allowing Ink Business Cash cardholders to transfer any rewards they earn on their card to another Ultimate Rewards card. This is a particularly valuable perk, as transferring your points can potentially increase their value. As mentioned before, transferring your Ink Business Cash Rewards to the Ink Business Preferred card and redeeming them for travel through the Ultimate Rewards portal gives them a 25 percent higher point value. If you transfer to the Chase Sapphire Reserve®, your points can be worth as much as 50 percent more.
See Related: Why are Chase Ultimate Rewards points so valuable?
Plus, premium Ultimate Rewards cardholders (Ink Business Preferred, Chase Sapphire Preferred® Card and Chase Sapphire Reserve) have the option to transfer Ultimate Rewards points to 13 travel partners. Since many airline and hotel loyalty programs have a point value higher than 1 cent, this is another way to potentially stretch your rewards.
On top of potentially increasing your rewards value, pairing the Ink Business Cash card with another Ultimate Rewards card makes it easy to rack up plenty of points quickly. You can combine great rewards in different bonus categories to boost you overall reward rate. For example, the Chase Sapphire Reserve offers 3 points per dollar on travel and dining purchases (excluding those covered by the $300 travel credit) and 1 point per dollar on other purchases. If you own both the Ink Business cash card and the Chase Sapphire Reserve, you’ll not only earn great rewards on office supplies and gas purchases, but also on travel.
Another benefit to the Ink Business Cash card is that additional employee cards are issued at no extra cost. You can also set individual spending limits on each employee card to ensure you are keeping control of your funds.
Ink mobile wallet app
In addition to the bank’s normal app, Chase offers an app designed specifically for Ink cardholders. It comes loaded with helpful perks for small business owners, including the ability to visualize purchases and set purchase alerts, create your own purchase categories, save receipts in-app and update employee spend limits.
Fraud and zero liability protections
As an added benefit for peace of mind, the Ink Business Cash card comes with zero liability and fraud protection, meaning you won’t be liable for unauthorized charges. Your account is also continuously monitored for fraudulent activity, so you can receive alerts for any suspicious transactions.
The Ink Business Cash card offers a variety of extra perks that can save you money when shopping and traveling. Here’s a quick look at some of the most valuable perks:
- Purchase protection – If an item you purchase with your Ink card is damaged or stolen in the first 120 days, you can be covered up to $10,000 per claim (max $50,000 per account).
- Extended warranty – For purchases made with your card, you can extend eligible manufacturer’s warranties of three years or less by an additional year.
- Car rental insurance – When you book and pay for a car rental with your Ink Business Cash card, you’ll receive primary coverage in the case of damage or theft.
- Travel and emergency assistance services – If you are on a business trip in an unfamiliar location and need medical referrals or other emergency assistance, you can call the benefits administrator for your card for quick help.
To take full advantage of these protections, put all major purchases on the Ink Business Cash card.
Chase has a pretty good customer service reputation among major issuers, ranking fourth out of 11 card issuers in J.D. Power’s 2020 customer satisfaction survey. Unfortunately, the bank does not have an online chat feature on their site, making it difficult to find quick answers to simple questions. On the plus side, Chase offers 24/7 customer service and a highly-rated mobile app (4.4 out of 5 in the Google Play Store and 4.8 out of 5 in the Apple App Store).
How to get approved for the Ink Business Cash card
The Ink Business Cash card is designed for users with good to excellent credit (670 – 850), so you’ll want to ensure you meet those qualifications before you apply. Additionally, since the card is a small business credit card, you’ll be required to provide information such as annual revenue, number of employees and tax identification number (or SSN if you are a sole proprietorship) in addition to personal information.
Since the Ink Business Cash card is issued by Chase, you’ll also have to fall under the 5/24 rule to qualify. That means if you’ve opened five or more credit cards with any issuer in the past 24 months, it is likely you won’t be approved for this card.
Ink Business Cash Card vs. a personal credit card
If you are an entrepreneur deciding between a small business credit card and a personal card, it is important to consider the perks of the Ink Business Cash card that you won’t get with a personal card, such as the ability to add employee cards and set individual spend limits as your company grows. Since the Ink Business Cash card doesn’t charge an annual fee, it is likely the card’s terms make more sense for your spending, provided you can get good value from the card’s earning scheme.
If you don’t think you’ll take advantage of the business benefits on the Ink Business Cash card, many personal rewards cards offer great rates on similar categories – such as gas and dining.
How does the Ink Business Cash card compare to other business cards?
Though the Ink Business Cash card is very rewarding for users who spend heavily on offices supplies, internet, and cable and phone services, it might not be the best option for every small business owner. Here’s a quick look at some of our most popular alternatives:
Capital One Spark Cash for Business
Ink Business Unlimited® Credit Card
The Blue Business® Plus Credit Card from American Express
2% cash back on all purchases
1.5% cash back on all purchases
2 points per dollar on every purchase, up to $50,000 per year (1 point per dollar thereafter)
$500 if you spend $4,500 in first 3 months
$750 if you spend $7,500 in first 3 months
$95 (waived first year)
|Other things to know||Other things to know||Other things to know|
If you don’t spend heavily in a particular category, the Capital One Spark Cash for Business card offers one of the best flat rates of cash back on every purchase you make. It comes with a $95 annual fee (waived first year), but that is easy to offset with steady rewards on all business spending. Plus, you won’t be charged for additional employee cards, and you’ll have access to business management tools such as quarterly and year-end summaries.
Another card in the Ultimate Rewards family, the Ink Business Unlimited card offers a flat rate of cash back on all purchases, rather than bonuses in particular categories. Cardholders earn 1.5 percent cash back on every purchase. If you don’t weigh your spending heavily to one category, but still want to earn Ultimate Rewards, the Ink Business Unlimited is a great alternative to the Ink Business Cash card.
See related: Chase Ink Business Cash vs. Ink Business Unlimited
The Blue Business Plus card from American Express also offers a flat rewards rate on all purchases – but it comes with a spend cap of $50,000 per year before the rate drops. While 2 points per dollar is generous for a card with no annual fee, the Blue Business Plus is best suited for businesses with a lower annual spend who won’t meet the cap early in the year.
How do businesses use the Ink Business Cash card?
Thanks to its bonus cash back on a variety of business-related expenses, the Ink Business Cash card could be a good option for growing businesses. Here’s how one small business owner made the most of the card:
Small Business Credit Profiles
How Paynes Gray uses the Ink Business Cash card
|“We appreciate the cash back because we can put it back into the business.“|
Chelsea Marks of Paynes Gray, an online decor and furniture company, used the Ink Business Cash Credit Card to rack up rewards on business spending and grow her business. Here’s her advice to other business owners considering the card:
|Read more of our Small Business Credit Profiles|
Who should get the Chase Ink Business Cash card?
- Small business owners who spend a significant amount on office supplies, internet and cable and phone services.
- Chase Ultimate Rewards cardholders looking to pair the Ink Business Cash with a card that earns bonus points in different categories.
- Cardholders who prefer a card without an annual fee.
- Cardholders looking to snag a generous sign-up bonus.
How to use the Chase Ink Business Cash card:
- Use the card for all gas, dining, internet, cable and phone service and office supply store purchases to earn bonus points.
- Set individual spend limits on employee cards to manage your funds.
- Consider pairing the card with another Chase Ultimate Rewards card to take advantage of easy point transfers and a potentially higher point value.
- Avoid carrying a balance after the introductory APR for new purchases ends, so as not to accrue interest.
- Shop through the Chase Ultimate Rewards shopping portal to earn extra points.
Is the Ink Business Cash card worth it?
For businesses who spend a lot on office supplies, cable and phone services and internet, you can’t beat the rewards rate on the Ink Business Cash card – especially since it doesn’t charge an annual fee. If you don’t spend heavily in these categories, however, you might be better off opting for a flat rate card.
See Related: How business owners chose their credit cards
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