Chase Ink Business Cash® Credit Card

If you’re a small business owner looking for a credit card with great rewards and practical benefits, the Ink Business Cash® Credit Card might be the perfect fit. This card is designed to help you earn cashback on everyday business expenses, save on interest with an introductory APR offer, and manage your spending efficiently. This review will cover everything you need about the Ink Business Cash® Credit Card, including its features, benefits, pros, cons, and whether you should apply.

What is the Chase Ink Business Cash® Credit Card?

The Ink Business Cash® Credit Card is a business credit card that offers substantial cashback rewards on common business purchases. It’s part of Chase’s Ink Business® credit card lineup, which provides excellent value and rewards to small business owners. This card is particularly appealing due to its high cashback rates in specific spending categories and lack of an annual fee.

Welcome Bonus

Earn up to $750 bonus cash back

APR

0% intro APR for 12 months from account opening on purchases. After that, 18.49%–24.49% variable APR.

Annual Fee

$0

Pros and Cons of the Ink Business Cash® Credit Card

Pros

Generous Welcome Offer: Earn up to $750 bonus cash back.

High Cashback Rates: Earn 5% cashback on office supply stores and internet, cable, and phone services, and 2% cashback on gas stations and restaurants.

No Annual Fee: Enjoy all the benefits and rewards without any additional cost each year.

Introductory APR Offer: Benefit from a 0% introductory APR on purchases for the first 12 months.

Employee Cards: Issue additional cards to employees at no extra cost and set spending limits.

Purchase Protection and Extended Warranty: Protect your purchases and extend warranties on eligible items.

Cons

Spending Caps on Bonus Categories: The high cashback rates are limited to the first $25,000 spent in each category per year. After that, the rate drops to 1%.

Limited Travel Benefits: Unlike other business credit cards, the Ink Business Cash® Credit Card doesn’t offer extensive travel benefits.

Variable APR After Introductory Period: The 0% introductory APR is only for the first 12 months, after which a variable APR applies. It’s essential to manage your balance to avoid high-interest charges.

Benefits of the Ink Business Cash® Credit Card

  • High Cashback Rates on Business Categories

    The Ink Business Cash® Credit Card offers impressive cashback rates on purchases in several key business categories. Here’s a closer look at how you can maximize your rewards:
    • 10% Business Relationship Bonus: If you have the Ink Business Cash® card plus a Chase Business Checking account on your first card anniversary, you’ll earn a one-time 10% bonus of all eligible cash back earned in your first year. That means if you earn $2,500 in cash back, you’ll get a $250 bonus. Offer is only available for Ink Business Cash® cards opened between March and November 2024.
    • 5% Cash Back: Earn 5% cash back on the first $25,000 spent each account anniversary year at office supply stores and on internet, cable, and phone services. This can add up quickly if your business relies heavily on these services.
    • 2% Cash Back: Earn 2% cash back on the first $25,000 spent each account anniversary year at gas stations and restaurants. This is ideal for businesses with significant travel or dining expenses.
    • 1% Cash Back: Earn unlimited 1% cash back on all other purchases, providing steady rewards no matter what you buy.
  • No Annual Fee

    One of the significant benefits of the Ink Business Cash® Credit Card is that it has no annual fee. This means you can enjoy all the card’s rewards and benefits without paying an additional cost each year. It’s an excellent option for small businesses looking to keep expenses low while earning valuable rewards.

  • Generous Welcome Offer

    You can earn a substantial welcome bonus when you meet the spending requirement within the first few months of opening your account.

    Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. This bonus can provide a great start to your cashback-earning journey and help you save on future expenses.

  • Introductory APR Offer

    The Ink Business Cash® Credit Card offers a 0% introductory APR on purchases for the first 12 months from account opening. This can be a valuable feature if you need to make large purchases or manage cash flow more effectively. After the introductory period, a variable APR applies, so paying off your balance before the higher rate kicks in is essential.

  • Employee Cards

    You can issue additional cards to your employees at no extra cost. This allows them to make business purchases while helping you earn more cashback. You can also set spending limits on these cards to control expenses and ensure your budget is managed effectively.

  • Additional Benefits of the Ink Business Cash® Credit Card

    • Purchase Protection: This policy covers your new purchases for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account.
    • Extended Warranty: Extends the U.S. manufacturer’s warranty period by an additional year on eligible warranties of three years or less.
    • Travel and Emergency Assistance Services: Access various travel and emergency assistance services while away from home.
    • Auto Rental Collision Damage Waiver: Use your card to pay for your car rental, and you can decline the rental company’s collision insurance and be covered for theft and collision damage.

Is the Ink Business Cash® Credit Card Right for Your Business?

The Ink Business Cash® Credit Card is a strong contender for business owners looking for a straightforward way to earn cash back on everyday business expenses. However, whether it’s the right card for your business depends on your needs and spending habits.

Consider the Ink Business Cash® Credit Card if:
  • You Spend a Lot in the Bonus Categories: If your business has significant expenses in categories like office supplies, internet, cable, phone services, gas stations, and restaurants, you can earn much cashback.
  • You Want a No-Fee Card: Enjoy all the benefits and rewards each year without additional cost.
  • You Value an Introductory APR Offer: Take advantage of the 0% introductory APR on purchases for the first 12 months to manage cash flow and make large purchases more affordable.
  • You Need Employee Cards: Issue additional cards to employees at no extra cost and set spending limits.
Look for Other Options if:
  • You Spend More Than the Bonus Cap: If your business expenses in the bonus categories exceed the $25,000 cap, consider a card with higher earning rates or no caps.
  • You Want Extensive Travel Benefits: If you travel frequently for business, you might prefer a card with more travel perks, such as airport lounge access or travel insurance.

Final Thoughts

The Ink Business Cash® Credit Card is an excellent choice for owners who want to earn substantial cashback on everyday business expenses without paying an annual fee. With high cashback rates in critical categories, generous welcome offers, and 0% introductory APR on purchases, this card can be a powerful tool for managing your business finances.

Consider your business’s spending patterns, rewards preferences, and expense management needs to determine if the Ink Business Cash® Credit Card fits you. With the right strategy, this card can help you earn rewards, save on expenses, and enjoy valuable protections that support your business’s growth and success in 2024 and beyond.

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Chase Ink Business Cash® Credit Card

Editorial Disclosure

Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

StartupWise is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to Chase benefits and offers. Enrollment may be required for select Chase benefits and offers. Visit chase.com to learn more.

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