Chase Ink Business Cash Card Review: Big Rewards & No Annual Fee

Chase Ink Business Cash Card Review: Big Rewards & No Annual Fee

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Business owners have their choice of dozens of different credit cards. These products range from premium rewards cards with numerous features and benefits, to simple cards that do little more than offer a convenient method of payment. The challenge for many business owners is finding the best business credit card that meets their needs while offering the best balance of costs and benefits. The Chase Ink Business Cash℠ Credit Card offers generous rewards and attractive promotional financing, with a $0 annual fee.

*Right now the Ink Business Cash℠ Credit Card has a generous $500 bonus cash back offer for new applicants—read on to find out more. 

Ink Business Cash℠ Credit Card

Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account Learn More

Why We Like the Chase Ink Business Cash℠ Credit Card

  • Sign-up bonus. New applicants Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
  • Rewards for spending. Earn 5% cash back in select business categories.. Rewards are earned as points in Chase’s Ultimate Rewards program, which can be redeemed for cash back, statement credits, travel reservations, gift cards and merchandise. Points can also be combined with rewards that you’ve earned from other Chase business or consumer credit cards, or the cards of your employees, spouse or domestic partner.
  • Promotional financing. New accounts receive 0% Intro APR on Purchases for 12 months and 0% on balance transfers for 12 months.
  • Strong benefits. This card comes with several travel insurance and purchase protection benefits. When traveling, you’ll receive auto rental collision damage waiver coverage as well as access to travel and emergency assistance services including roadside dispatch. However, you will be responsible for payment for any services provided.
  • Low rates and fees. Once the promotional financing offer expires, a 15.24% - 21.24% Variable APR will apply. The annual fee for the card is $0.

Where the Chase Ink Business Cash℠ Credit Card Falls Short

  • Rewards points can’t transfer to travel partners. Other Chase cards that offer Ultimate Rewards points allow cardholders to transfer their points to airline miles and hotel points.
  • Limits on bonus categories. This card only lets you earn 5x rewards on up to $25,000 in combined purchases from office supply stores and Internet, cable and phone service providers. It also has a separate, $25,000 limit on 2x earnings from gas stations and restaurants. For some business owners, that spending amount may limit their rewards earning potential.
  • Foreign transaction fees. This card imposes a foreign transaction fee of 3% of each transaction in U.S. dollars Many rewards cards no longer charge this fee.
  • High balance transfer fee. The balance transfer fee is higher than most other cards that charge just 3%.

How to Make the Most of Its Perks

  • Maximize its bonus categories. This card should be at the top of your wallet whenever you need to make a purchase from an office supply store or from a telecommunications provider where you can earn 5x rewards. Earning 2x rewards at gas stations and restaurants is also valuable.
  • Combine points with other Chase cards. If you have this card as well as a Chase Sapphire Preferred, Sapphire Reserve or Ink Business Preferred, then you can combine your rewards in your other account, and then transfer them to airline and hotel partners. If these points and miles are redeemed for luxury hotel awards, expensive airline tickets in business or first class, then it’s possible to receive more than one cent in value per point.
  • Utilize the promotional financing offers. A 0% Intro APR on Purchases for 12 months and the 0% Intro APR on balance transfers for 12 months are generous in the business credit card space. Just be sure to pay off your balance before your account anniversary to avoid interest charges.

Other Similar Cards

SimplyCash Plus Business Credit Card from American Express

SimplyCash® Plus Business Credit Card from American Express
American Express is a Nav Partner
Terms, Rates & Fees

SimplyCash® Plus Business Credit Card from American Express

Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that Learn More

Capital One Spark Cash Select for Business

Capital One® Spark® Cash Select for Business

Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your Learn More

U.S. Bank Business Edge Cash Rewards World Elite MasterCard

New accounts receive nine months of 0% APR promotional financing. This card features 3% cash back on all cellular, gas and office supply store purchases, and 1% cash back elsewhere. You also receive a 25% annual bonus based on your prior year’s cash back, up to $250. There’s no annual fee for this card.

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About the Author — Jason Steele is an expert in the credit card industry. He is frequently quoted in national media and his work is regularly featured by mainstream outlets such as Yahoo! Finance, MSN Money, and Business Insider.

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