21 Valuable Benefits of the Chase Ink Business Cash℠ Card

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Chase Ultimate Rewards are well known as one of the most valuable transferable points currencies. Chase has a variety of cards that earn Ultimate Rewards points, and if you use them together, you can get amazing value from the program.

The Chase Ink Business Cash℠ card is one of the Ultimate Rewards-earning cards that’s great for earning, but not quite as good for redemptions. It isn’t a premium rewards card with a high annual fee, so you won’t see a long list of benefits like the Business Platinum Card From American Express OPEN or Chase Sapphire Reserve Card. However, there are several features that make the Chase Ink Business Cash card great for business owners.

Let’s take a closer look at all of the benefits of the Chase Ink Business Cash℠ card so you can see the best ways to use it and why it could be a perfect card to add to your portfolio.

Chase Ink Business Cash℠ Benefits

Credit Card Fraud
With valuable features including zero liability and the ability to set up fraud alerts, your business will be protected with the Chase Ink Business Cash℠ card. Credit card hackers will be shut down before they can hurt your credit or your bottom line. Image courtesy of shutterstock.com.

No Annual Fee

The Chase Ink Business Cash℠ card has no annual fee. This is not a limited-time offer or promotion for the first year; you’ll have no annual fee for as long as you own this card.

Sign-up Bonus

We’ve seen sign-up bonuses for this card regularly reach $500 (50,000 points) with limited required spending. This is a great way to get a large amount of cash-back or a great boost to your Ultimate Rewards balance fairly easily.

Learn about the current sign-up offer in the chart below.

CREDIT CARDBENEFITS & INFO
Chase Ink Business Cash℠ Card

Ink Business Cash℠ Credit Card
  • Earn $500 bonus cash-back
  • Earn 5% cash back in select business categories
  • Earn 2% cash-back on the first $25,000 (combined) spent at gas stations and restaurants each year
  • 0% introductory APR for 12 months on purchases and balance transfers
  • $0 Annual Fee

Zero Liability Protection

With Zero Liability Protection, you will not be responsible for unauthorized charges. If someone uses your card or your account details and makes purchases without your permission, you will not have to pay for those charges.

Fraud Alerts

Chase’s fraud alerts will help you identify fraud immediately. For the best protection, make sure that your email address and phone number are up to date with Chase and that you have opted in to have fraud alerts delivered to both.

If you need to change your address, email, or phone number, you can do so by logging in to your online account.

Business Card Credit Status

The Chase Ink Business Cash℠ card is a business card and not a personal card. You must be the owner or executive of a business to be approved for this card.

The size of your business does not matter, whether you’re a major manufacturer with thousands of employees or have a weekend fruit stand that brings in $3,000 annually. You can even get an approval as a sole proprietor with just your Social Security number.

Whatever the size of your business, you should be prepared to answer questions that legitimize your business. If Chase doesn’t feel you have a real business, you won’t be approved for this card.

As a business card, the Chase Ink Business Cash℠ card will not appear on your personal credit report.

Bottom Line: The application inquiry will be on your personal credit report, but the line of credit, which affects both your age of accounts and your credit utilization ratio, will only appear on your separate business credit report. Your balance, charges, and payments won’t have an effect on your personal credit score.

Employee Cards

Chase offers employee cards for your Chase Ink Business Cash℠ card at no additional cost.

Employee cards can be set with individual spending limits to give your employees as much or as little responsibility as you want. As your business grows, the spending limits for individual employee cards can be adjusted.

Bottom Line: By using employee cards, you no longer have to worry about reimbursing employees for business charges, and earn rewards for their expenses.

Rewards Earning

Office Depot Storefront
With your Chase Ink Business Cash℠ card, you can earn 5% cash-back on up to $25,000 in purchases each year from office supply stores including Office Depot. If you maximize the value when redeeming those points, they can be worth even more. Image courtesy of Google Maps.

For most of your spending, the Ink Business Cash℠ Card earns an unlimited flat 1% cash-back on qualifying purchases made with the card. But the card has a few bonus categories that will earn higher cash-back percentages.

Hot Tip: You can increase your everyday cash-back from 1% to 1.5% on purchases outside of bonus categories by using the Ink Business Unlimited℠ Card which also has a $0 annual fee.

5% Cash-Back Categories

Cardmembers can earn 5% cash-back on purchases at office supply stores and on internet, cable, and phone services. This 5% is limited to the first $25,000 in purchases in these categories during each account anniversary year.

2% Cash-Back Categories

Categories that earn 2% cash-back on purchases include restaurants and gas stations. The 2% cash-back benefit is also limited to the first $25,000 in purchases in these categories in each account anniversary year.

Rewards Don’t Expire

As long as your account is open, cash-back rewards will not expire. You can take your time deciding how you want to redeem them and they’ll be there when you’re ready.

Cash-Back Points

The cash-back rewards you earn with the Chase Ink Business Cash℠ card are calculated as points. For every $1 in cash-back rewards you earn, you’ll receive 100 points.

When stored and used in your Chase Ink Business Cash℠ account, these points are not the valuable type of Ultimate Rewards points that you earn with premium Ultimate Rewards cards (i.e., a Chase Ultimate Rewards card with an annual fee). You can’t transfer them to any partner airline or hotel programs.

Hot Tip: You can convert your cash-back points into valuable transferable Ultimate Rewards points by moving them to another card in your portfolio.

Redemption Options

Upgraded Points on Singapore Suites, Flight 1 - Round the World Trip
By moving your cash-back points from the Chase Ink Business Cash℠ card to a Chase Ultimate Rewards card, you can transfer your rewards to airline partners including Singapore Airlines. Before you know it, you could enjoy Singapore Suites First Class like Alex and Erin did.

There are several redemption options for the cash-back points you earn with the Chase Ink Business Cash℠ card. For most of these redemptions, the value on the points is 1 cent each.

To get more value, you need to pair the Chase Ink Business Cash℠ card with another Chase Ultimate Rewards card. We’ll explain how to do that below, but first, let’s go through the 1% redemption options.

Redemption options at the 1% rate will never provide the highest value you can get from your cash-back points, but depending on your circumstances, one of these options might be the best for you at one time or another.

True Cash-Back

If you want, this card can be a true cash-back card. Your cash-back earning rates would be 1%, 2%, or 5%, depending on the category for your purchases.

Cash back isn’t always the best option, but if your business needs cash over points and rewards, then it’s probably the way to go, especially as there is 0% APR on purchases and balance transfers for the first 12 months of opening this card. (For more cards like this, check out our article on the best 0% APR credit cards)

You have the following options available if you need them.

  • Statement credit: You can apply your cash-back toward your balance as a statement credit. Points will be worth 1 cent each.
  • Bank account deposit: Cash-back can be deposited directly into most U.S. checking or savings accounts. Points will be worth 1 cent each.

Travel Through Ultimate Rewards

While your cash-back points are stored in your Chase Ink Business Cash℠ account, they can be redeemed for travel booked through the Chase Ultimate Rewards portal. Points will be worth 1 cent each and can be redeemed for airfare on most major airlines, cruises, or premium travel packages.

Hot Tip: There are no blackout dates or additional restrictions on trips booked through Chase Ultimate Rewards. If the flight or cruise you are looking for is available for sale, you will be able to book it with points.

Shop With Points on Amazon

Connect your Chase Ink Business Cash℠ account with your Amazon.com account, and you can pay for your purchases with your cash-back points. Points will be redeemed at a value of 1 cent per point. They can be applied to as much of your order as you want, as little a 1 penny or your entire order, including any applicable taxes and shipping charges.

Gift Cards

If you want to turn your cash-back points into gifts, you can use them to purchase over 70 different gift card options. From Home Depot to iTunes, Amazon, and Staples, gift cards are available in various denominations to make your redemption as flexible as possible. Points are worth 1 cent each when redeemed for gift cards.

Pair With Other Ultimate Rewards Cards

We’ve mentioned the cash-back points earned with the Chase Ink Business Cash℠ card are not the same as the transferable Ultimate Rewards points earned with Chase’s premium Ultimate Rewards cards.

But there is a way to turn these cash-back points into the more valuable version of Ultimate Rewards points.

Chase will allow you to combine your points with another Ultimate Rewards card account as long as you, your spouse or domestic partner, or your named business partner hold the other account. You can transfer your cash-back points to that account, where they will become transferable Ultimate Rewards points. Their redemption value will instantly improve.

Once converted to transferable Ultimate Rewards points, your points can be transferred to any of the 13 Chase airline and hotel transfer partners. You can redeem your points directly with airline and hotel loyalty programs for huge value.

See which Chase cards earn valuable transferable Ultimate Rewards points here.

Bottom Line: Pairing with another Ultimate Rewards card is by far the best value for using the cash-back points earned with the Chase Ink Business Cash℠ card. By moving your points to an Ultimate Rewards-earning card, you can transfer them to a Chase travel partner and redeem them at much higher rates. Points can be worth 2, 3, 4, or even 10 cents per point and higher when redeemed for premium class flights or luxury hotels.

Travel Coverage

Avis Ink Partnership
Although the list of travel coverages for the Chase Ink Business Cash℠ card is neither long nor impressive, car rental is one area where the card stands out. From corporate discounts with Avis to primary collision and theft coverage for your rentals, this card has you covered.

Auto Rental Collision Damage Waiver

If you use your card to rent a car for business purposes, the Chase Ink Business Cash℠ card provides primary coverage for theft and collision up to the actual cash value of the vehicle. Coverage applies to most vehicles in the U.S. and abroad.

Hot Tip: For this coverage to apply, you must decline the car rental company’s collision insurance and charge the entire rental cost to your card.

This coverage provides primary insurance, so it will pay out before your personal or corporate insurance policies in the event of a loss. Primary insurance is one area where the Chase Ink Business Cash℠ beats many other cards. Most credit cards offer secondary coverage for rental cars.

Avis Corporate Rewards

Avis and Chase Ink have partnered together to provide Chase Ink Business Cash℠ cardmembers with exclusive savings and services when renting with Avis.

Connect your card account with Avis to take advantage of the following benefits:

  • Discount offers for Avis Rentals.
  • One rental reward day for every 7 qualifying days rented. (2x as fast as regular members)
  • A complimentary one-car-class upgrade on your rental.
  • A discount on GPS rentals.

Once you’ve connected your card, Avis will provide you with an Avis Worldwide discount number only for Ink customers. Entering your number when you make a reservation will allow you to take advantage of the listed benefits and start saving and earning right away.

Travel and Emergency Assistance Services

When you are away from home and have a problem, you can call the Benefits Administrator for legal or medical referrals or other travel and emergency assistance. You will be responsible for paying for the cost of any goods or services from the companies or individuals that they connect you with, but having a number to call to get these referrals provides at least some level of comfort.

If you’re in immediate danger, you should first call local emergency services before contacting your Benefits Administrator.

Roadside Dispatch

When you have a roadside emergency, you can call the provided number to dispatch the help you need.

Dispatch service is available 24 hours a day, and available services include towing, jumpstarting, tire changing, lockout service, winching, and gas delivery. The fees for specific roadside services are provided when you call, and if accepted, will be billed to your card.

Shopping Coverages

Couple Shopping
The Chase Ink Business Cash℠ card will provide extended warranty and damage protection for your purchases, but coverages are limited to those two items. If those are the coverages that are important to you, then this is a great card to use for major purchases.

Purchase Protection

You will be covered for 120 days from the date of purchase against damage or theft for any new purchase you make with your Chase Ink Business Cash℠ card. This coverage is capped at $10,000 per claim and $50,000 per card account.

Extended Warranty Protection

Extended warranty coverage applies to items you purchase with your Chase Ink Business Cash℠ card that come with a U.S. manufacturer’s warranty of three years or less. This coverage extends the warranty period by one year.

Final Thoughts

When paired with a premium Ultimate Rewards-earning card, the Chase Ink Business Cash℠ card makes for a powerhouse points-earning combo. But it’s a strong card all on its own.

Bottom Line: For a no annual fee card, the ability to earn 5x points on purchases is fantastic, especially for businesses where cash is often king. Add to that the 0% APR on purchases and balance transfers in the first 12 months of opening the account, and you can see why this is a popular card.

That being said, there are a couple of things to consider before you apply.

First, the Chase Ink Business Cash℠ card falls under Chase’s 5/24 rule. If you have opened 5 or more new credit card accounts in the past 24 months, you will most likely not be approved for this card.

Second, the card has a 3% foreign transaction fee. You should think twice before using your card for purchases outside of the U.S. There are many other cards without foreign transaction fees that would be better to use for your non-U.S. purchases.

If you are qualified under 5/24, however, and have plenty of spending to do within the U.S. this card can be a great addition to your wallet, especially if you frequently spend in the bonus 5% and 2% categories.

Accelerate your earnings with the Chase Ink Business Cash℠ card and use your other Ultimate Rewards cards to maximize the value of those points for redemption.

Apply for the Chase Ink Business Cash℠ card today, and before you know it, you’ll be off on your next luxury vacation in paradise.

FAQ

Does the Chase Ink Business Cash earn Ultimate Rewards points?

Yes, although the Chase Ink Business Cash calls their rewards cash-back, they are actually stored as a form of Ultimate Rewards points.

However, the type of Ultimate Rewards points that you earn with the Chase Ink Business Cash card are not transferable to airline or hotel partners.

You must pair this card with another premium Ultimate Rewards earning card and move the points over to that account if you want to transfer your points to travel partners.

Where can I find the official Chase Ink Business Cash Guide to Benefits?

Unfortunately, Chase does not have the official Guide to Benefits for the Ink Business Cash available online.

Instead, they say that once your account is opened, they will send you a copy of the Guide to Benefits, and it will include a full explanation of all of the coverages and benefits available.

Does the Chase Ink Business Cash card have a foreign transaction fee?

Yes, the Chase Ink Business Cash card has a foreign transaction fee of 3%. All transactions that take place outside of the United States, whether in person or with a foreign company online, will incur an additional fee equal to 3% of the transaction.

With so many credit card available without foreign transaction fees, the Chase Ink Business Cash is not your best choice for foreign purchases.

How do I get a Chase Ink Business Cash card?

If you would like to apply for the Chase Ink Business Cash card, there are a couple of things you can do to better your chances of approval.

First, make sure you have a legitimate business that you can answer questions about, including sales numbers and years in existence.

Second, make sure you qualify for the card under Chase’s 5/24 rule.

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Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

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