Ink Business Cash℠ Credit Card Review

Full Disclosure: We may be compensated when you click on links to credit card products from our advertising partners, such as American Express, Chase & Barclays. Opinions on this site are ours alone, and have not been reviewed or approved by the issuer. See our Advertiser Disclosure for more details. Thanks!

"A New Small Business Owner’s Best Friend"

This card offers great rewards and no annual fee, as well as a 0% intro APR. Any new business owner that needs to get going will enjoy this card.

Apply Now (at Chase's secure site)

So you’ve taken the plunge: you’re incorporated! Now officially a small business owner, you have your business plan made and ready to execute. Now, where can you get a small business line of credit or loan to get you started?

If you don’t want to get small business loans and prefer a card with no annual fee, then the Ink Business Cash℠ Credit Card is an excellent first choice.

Card Snapshot

The Ideal Cardholder

Business Owner Thinking
Are you a stressed business owner? Get the financing you need to hire the help you want by using the Ink Business Cash℠ Credit Card.

Sign-Up Bonus and Earning Categories

Kick off your business credit card rewards by earning bonus cash back after you spend the required amount in the allotted time from account opening (see above). This reward goes straight into your Ultimate Rewards balance.

The Ink Business Cash℠ Credit Card also typically has an introductory APR, which is an excellent benefit for a new business that has not yet developed a good cash flow (see details above).

Use this to your advantage to avoid paying interest on a business loan.

To earn cash rewards, use the card on common business expenses. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.

Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

Bottom Line:  The Ink Business Cash℠ Credit Card earns 5% cash-back at office supply stores, on cell phones, internet and cable, and 2% at gas stations and restaurants!

Ink Business Cash℠ Credit Card Benefits for Businesses

Sign up for the card under your own social security number or under your business Employee Identification Number (EIN).

This means that if you own multiple small businesses, you can sign up for multiple cards and get the sign-up bonus for each!

Chase provides free employee cards so they can make authorized purchases for your business and earn you rewards points. You’ll want to make sure they spend the card at the appropriate stores to maximize your 5% and 2% cash-back benefits.

Your Points and Rewards

Points earned from your card are pooled into your Chase reward program account.

You can use them for cash-back in the form of statement credit starting at 2,000 points ($20), or you can use them in the Chase rewards portal for shopping, travel, gift cards, and more.

While this card certainly stands alone, we highly recommend combining it with the The Chase Freedom®Chase Freedom Unlimited℠, Chase Sapphire Reserve®, and Chase Sapphire Preferred® Card so you can really squeeze value out of the rewards earned.

Bottom Line: Always look for ways to maximize the value of your points, which may include getting multiple cards. The Ink Business Cash℠ Credit Card can be combined with other Ultimate Rewards cards.

Additional Benefits of the Ink Business Cash℠ Credit Card

If you have Chase travel cards (which will only cost $95/yr), you can pool all of your points earned under the Chase Sapphire Preferred® Card to take advantage of this card’s travel rewards.

These benefits include a 20% discount off flights purchased through the travel portal plus the ability to transfer points to your favorite loyalty programs, which is generally where the highest value redemptions are earned.

Essentially, this is an automatic 25% boost to your points value! See the Card Math section for details.

Chase provides business services for you with this card to help you manage your affairs.

These include the free Mobile Ink App, which helps you track your spending, file receipts, set spending limits for your employee cards, and get instant alerts from every purchase so you can track your business activity in real-time.

If you’re a business owner spending more than $25,000 on the card in the categories available in a given year, then you likely won’t maximize your value with this card.

Above this threshold, you should upgrade to the Ink Business Preferred℠ Credit Card or another business card.

The Ink Business Preferred℠ Credit Card also works in conjunction with the Chase Freedom®, but it gives you the same rewards that the Chase Sapphire Preferred® Card does (i.e. the travel portal and transfer partners).

You’ll find the Chase Sapphire Preferred® Card useful if you spend a lot in travel and dining, as these two categories are not represented on the Ink Business Preferred℠ Credit Card.

Bottom Line: The Ink Business Cash℠ Credit Card is a very valuable business card for the small business owner just getting started. It has low risk, a strong rewards structure, and the ability to utilize with the other Chase all-star cards.

Great Card If

  • You’re a new small business owner without a lot of cash flow
  • You are a small business owner who utilizes the categories and doesn’t spend over $25k
  • You also own the Chase Freedom®, Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card
  • You’d like to add more cash reward points to your Chase reward program account

Don't Get If

  • You are a high-spending small business ($25k+) in the designated rewards categories
  • You don’t utilize these categories in your business

Card Fees

  • Annual Fee
    • No Annual Fee
  • Foreign Transaction Fees
    3% of each transaction in U.S. dollars
  • Interest Rates ?
    • 0% Intro APR on Purchases for 12 months
    • Ongoing APR: 15.24% - 21.24% Variable
  • Late fees
    • See Rates & Fees
  • Balance Transfers
    • 0% Intro APR on Balance Transfers for 12 months
    • Ongoing APR: 15.24% - 21.24% Variable
    • Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR
    • 26.99% Variable
    • Fee: Either $15 or 5% of the amount of each transaction, whichever is greater.

U.P. Pro Tips

How you maximize your cash rewards is only up to your imagination!

For instance, use the Chase Freedom® during it’s category bonus quarter to purchase gift cards for business expenses through grocery stores.

This helps you offset any spending above the $25k thresholds on the card, ensuring that you get as many points for your dollar as possible.

As one example, you could purchase gift cards for office supply stores if you’ll spend over the $25k bonus limit in that categories. In this way, you’d keep earning more than 1x per dollar, which it would drop down to if you reached your bonus spending limit.

Desk Office Supplies
Office supply spending can be very lucrative when using the Ink Business Cash℠ Credit Card in combination with the Chase Freedom® Card!

Best Way to Maximize Points

With this card, there are so many ways to maximize your points that it’s hard to know where to begin! Here’s a list of all of our tips to help you out:

Tip #1: Know exactly where you’re spending in each of the categories.

Make sure you aren’t surpassing any spending thresholds, which will reduce your earning from 2x or 5x down to 1x.

Tip #2: Prioritize your spending in the 5x category, which is one of the highest earning on any card around.

Since you can open this card even if you’re not incorporated (for example, if you’re making some extra cash on the side), it’s a great idea to get it and then put your spending in these categories on the card.

Tip #3: Utilize your full $25k threshold on the card; find ways to spend it if you can’t!

If you have some purchases in lower earning categories you need to make, check around for gift card deals at office supply stores like Staples or Office Depot to earn 5x points.

You could potentially find deals for restaurants, airlines, eBay or many other categories where you may only earn 1-3x points on another card.

Tip #4: Put as much business spending on the card as you can, but also use higher earning cards when you can.

You can’t always pay for things with a card (rent, insurance, etc.), but finding a way to put whatever you can on there will help you earn points for everything.

Tip #5: Get your free employee cards right away!

Have your employees put any business-related expenses on the card. Whether you have them reimburse the card personally or you keep it as a business expense is up to you and the IRS, but the more people spending the quicker your rewards will rack up.

For instance, put your employees’ phone, cable, and internet bills on the cards as expenses if they work at home. Pay for gas on any trips or food for any clients they may take out for dinner.

Tip #6: Get the Chase Freedom®, Chase Sapphire Preferred® Card, and/or Ink Business Preferred℠ Credit Card.

You’ll earn sign-up bonuses and also maximize your ability to earn points by widening the amount of categories covered.

First, use the Chase Freedom® Card for all spending in the quarterly bonus categories to earn 5x points on the $1,500 limit while keeping you from reaching your spending thresholds.

Then, use the Chase Sapphire Preferred® Card to pay for all dining- and travel-related expenses to earn unlimited 2x points, at least on any amount over the $25k threshold.

Finally, use the Ink Business Preferred℠ Credit Card on travel as well (in place of the Chase Sapphire Preferred® Card). This widens your spending thresholds so you can continue to earn points for expenses.

Tip #7: Use your card with customers or clients for any business-related expenses, such as gas for travel and food for business meetings.

Tip #8: Use the Chase Freedom® Card to purchase gift cards if you’ve maxed out other categories; you can get gift cards from supermarkets.

Tip #9: Look for deals in the Chase Shopping Portal online.

You earn an additional 1x-12x+ points for purchases! In addition, you may be able to purchase things that you couldn’t get a good deal on otherwise.

For instance, you can purchase things through Walmart/Sam’s club, Groupon, Bed Bath & Beyond, and GiftCertificates.com.

See the our reviews for the Chase Freedom® and Chase Sapphire Preferred® Card for more details.

Tip #10: Don’t stop with just utilizing other Chase cards for points; use airline and hotel dining programs, too.

Sign up to a dining program to earn a ton more points in programs of your choice! The more you eat out the more points you’ll earn, and it’s completely free.

Bonus Tip:  It’s possible to earn 100k points in just a few months, using the right combination of tips!

Friends Dining Laughter
Don’t forget to sign up to your favorite airline or hotel dining program to earn additional points on top of the 2% cash-back you’ll get from the Ink Business Cash℠ Credit Card!

Best Way to Redeem Points

Chase Ultimate Rewards is a great online portal to use because it is so versatile.

With the Ink Business Cash℠ Credit Card, all your points accumulate into your account where they can then be used directly, transferred between other cards, or used for travel or shopping redemption.

Using Your Chase Ultimate Rewards Points for Travel

Overall, the most valuable way to redeem points is to first have the full range of cards suggested. Then, combine all your points into one portal.

The Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card portals are where you’ll be able to get the most value for your points.

Here, you can use all your points in the Chase Travel portal to book flights with no blackout dates at 20% off. You’ll earn frequent flier miles and be able to use your status if you have it.

Or, you can use points to transfer to a variety of travel partners.

These include British Airways, Southwest Airlines, and more. By using these redemption methods, you will garner $0.0125 per mile or more.

Alternatives to Travel

You can use your points to redeem for things in the shopping portal, but since this usually only gets you $0.01 per mile (and often much less), we don’t generally recommend doing it.

Occasionally, deals do pop up that could increase the value (such as some gift cards), but we deem the Ultimate Rewards portal to be the best for travel overall.

Another option is the Chase Experience portal. Here, they put together unique experiences that you can book with your points. These may or may not hold value to you; feel free to look through them to see if the value is worth it.

You’re also able to use the money for statement credit, but again you will only earn $0.01 per mile, which under-utilizes your points’ potential. The lowest amount you can cash in for credit is 2,000 points (equal to $20).

The Ink Business Cash℠ Credit Card does not have any direct partners outside of the Chase Shopping portal. Through this portal, you earn additional cash back rewards at places like Groupon, Walmart, and Bed Bath & Beyond.

Our Chase Freedom® review has some more details.

Earn More Partners With More Cards

If you have a Chase travel reward credit card, you will have access to the travel partners that allow you to transfer points at a 1:1 ratio to the following travel partners:

Airline partners include Air France KLM, British Airways, Iberia, Aer Lingus, JetBlue, Singapore Airlines, Southwest AirlinesUnited Airlines and Virgin Atlantic. Hotel partners include Hyatt, IHG, and Marriott.

The Gritty Details: Everything Else You Need To Know

Your rewards points will show up in your rewards portal found under your account. If you have multiple Chase cards, they will all be linked on your main account overview page and also in the Ultimate Rewards portal itself.

From there, you can select the points summary in the top right to navigate between cards, and this is also where you transfer points between portals. It is a simple step that must be taken in order to maximize the rewards.

Always make sure you are purchasing from qualified merchants. Some merchants do not count in a category you might think, and the best way to check is by reviewing your statements or looking it up online.

Other Unique Features

Auto rental collision damage waiver – When you decline a car rental agency’s insurance, you are able to get coverage for the full value of the car, with some exceptions that will be in your cardmember agreement.

While on non-business cards this is typically a secondary insurance, meaning your insurance must be utilized first, for business trips this will act as a primary insurance.

Purchase protection – For 120 days after purchases, the credit card issuer will insure you against damage and theft for up to $10,000 per incident and $50,000 maximum per account. You’ll have to have all your purchase information plus any information about the incident before submitting to Chase for review.

Extended warranty protection – For warranties of three years or less, Chase will extend the length of the manufacturer’s warranty by one year. Exceptions will apply, and there will be a limit to the amount of coverage (see your agreement).

Mobile Ink app – This app helps you manage your spending on your card, and is only available for iOS and Android.

Purchase alerts – When you sign up for purchase alerts, a push notification will be sent to your phone anytime the card is used. This doesn’t necessarily cover every purchase, but the information is always available in your Chase app.

Photo Credits / Credit/Copyright Attribution:
Business Owner Thinking: Dragon Images/Shutterstock
Desk Office Supplies: Tashatuvango/Shutterstock
Friends Dining Laughter: Rawpixel.com/Shutterstock
Stylish Travel Maps: Sergey Peterman/Shutterstock

FAQ

Is the Ink Business Cash℠ Credit Card a good card? Is it worth it?

We think that the card is good for anyone spending less than $25,000 per year on your card, and anyone who will utilize the other Chase cards to optimize their reward points.

Having a business line of credit is very beneficial to you, especially when starting up. When you’re in a pinch, a business cash advance also goes a long way.

To fully use the card to its potential, you should also get the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card.

Does the Ink Business Cash℠ Credit Card have a 0% APR offer?

Typically yes — see the current sign-up bonus in the card summary table at the top of the page.

Is the Ink Business Cash℠ Credit Card a cash-back card?

Yes, technically the card is marketed as a cash-back card. You will earn 1%-5% cash back rewards on your purchases depending on the categories, which is usable as statement credit.

Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.

Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

However, in practice, it works as a points card. The cash-back accumulates in Chase Ultimate Rewards as points. From there, you can spend the reward points in the online shopping portals to earn rewards or transfer them to another Chase card account.

What is the difference in the Chase Freedom® Card vs Ink Business Cash℠ Credit Card?

While they are both cash-back cards, the main difference is where bonuses are offered. While the Chase Freedom® offers rotating 5% categories each quarter, the Chase business credit card allows you to earn 5% in select categories year round.

The Chase Freedom® also limits your earning on the first $1,500 of each quarters’ categories, while the business card allows you to get 5% all year in the same categories on up to $25,000.

After hitting either cards’ limits, you will earn a 1% cash back reward.

Finally, for business card holders, Chase offers free cards for employees as well as tools to help manage and track your spending. You can add one authorized user on your Chase Freedom® Card, and you can utilize the Chase BluePrint to help manage your finances.

Can the Ink Business Cash℠ Credit Card use Ultimate Rewards?

Yes! You can transfer your cash-back into the Ultimate Rewards Portal in order to utilize the Chase rewards available. Simply log in to your account, click on Ultimate Rewards, and you will see your points balance on the account.

Does the Ink Business Cash℠ Credit Card provide travel rewards?

No. In order to get the travel rewards that Chase offers, you must have the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® or Ink Business Preferred℠ Credit Card.

With these, you are able to transfer the points you earn on any Chase Ultimate Rewards card to one of those 2 cards to unlock the travel benefits.

What is the Ink Business Cash℠ Credit Card foreign transaction fee?

There is a 3% foreign transaction fee.

What is the Ink Business Cash℠ Credit Card login?

The login for is the same as other cards; use your standard Chase Login.

Is the Ink Business Cash℠ Credit Card free? What is the annual fee?

There is no annual fee for the card.

What are the benefits of the Ink Business Cash℠ Credit Card?

First, you have the cash-back categories. Earn between 1%-5% cash back rewards in selected categories all year round, up to $25,000 in total spending in each of the different tiers (both 5% and 2%).

This cash-back is usable as statement credit or in Chase Ultimate Rewards portal.

Next, because it is a business card, Chase offers employees free cards. It also offers business apps and tools to help manage and track your spending.

Finally, the card offers a variety of insurances, including purchase, auto rental, and extended warranties.

How many Ultimate Rewards cards are there?

There are six in total:

  • Ink Business Cash℠ Credit Card
  • Chase Freedom®
  • Chase Freedom Unlimited℠
  • Chase Sapphire Preferred® Card
  • Ink Business Preferred℠ Credit Card
  • Chase Sapphire Reserve®

What are the best small business cash back credit cards?

Finding the best credit card for your small business depends on what you are looking for. The highest reward rate? An intro APR? Check out our article on best cash back credit cards for small business.

Advertisement

Ink Business Cash℠ Credit Card

We’ve identified 21 valuable benefits for cardholders of this business rewards card!

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.

Leave a comment

Your email address will not be published.

Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. For more information on our advertisers, see here.