Ink Business Cash Credit Card

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This no-annual-fee card is easily one of our favorites.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Advertiser Disclosure: This post contains references to products from one or more of our advertising partners.

The no-annual-fee Ink Business Cash Credit Card will reward you for spending in the areas you’ll most likely need to get your business off the ground and gives you a full year break on interest for purchases and balance transfers.

Who couldn’t use a little breathing room when launching a new venture?

Review

If you’re just starting out and you aren’t sure what your spending patterns will be, the Ink Business Cash Credit Card may be the flexible rewards card you need. It’s among our favorite business credit cards.

This Chase-issued card offers a generous 5% cash back on the first $25,000 spent per account anniversary year in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services. You’ll earn 2% cash back on the first $25,000 spent in combined purchases each account anniversary year at gas stations and restaurants. All other purchases earn 1%.

Worried about start-up costs?

The 0% introductory APR for the first 12 billing cycles will give you a chance to hit the pause button on big bills and buy a high-ticket item without racking up the interest charges. After the intro offer expires, your APR will be 14.24% to 20.24% based on your creditworthiness.

And, earn a one-time $300 cash bonus once you spend $3,000 on purchases within the first three months from account opening. Among the top business cards on our list, that’s the best sign-up bonus on a card that charges no annual fee.

But if you think you might use this card for international spending or travel, don’t. Use one that doesn’t charge a foreign transaction fee.

Who should get this card

For small business owners who spend under $25,000 a year, and mostly on typical office stuff, this card makes sense.

Advantages
  • Get a one-time $300 cash bonus once you spend $3,000 on purchases within the first three months from account opening.
  • Bonus points categories are in areas small businesses are likely to spend the most.
Disadvantages
  • Not a great choice if you have a lot of travel expenses as the rewards rate on these purchases are 1 Ultimate Reward point per $1.
  • Other business cards offer higher sign-up bonuses.
  • Foreign spending will incur a hefty 3% transaction charge.

Fees and APR

  • Enjoy 0% APR for 12 billing cycles on purchases and balance transfers. After that it’s a variable 14.24% to 20.24%.
  • You’ll pay no annual fee.
  • Balance transfers are 5% of the amount being transferred.
  • You’ll be charged a 3% foreign transaction fee on all purchases made outside the U.S.

Extras, perks and using points

Receive extra employee cards at no additional cost. You can also sign up for instant purchase alerts to help keep tabs on employee spending.

This card comes with auto collision insurance, purchase protections and lost luggage reimbursement.

To redeem your Chase Ultimate Rewards for cash back, log into your Chase account and select “Redeem rewards.” You can use your rewards as a statement credit or to buy gift cards through the Chase site.

If you own a Chase Sapphire Preferred Card or Chase Sapphire Reserve, you can transfer your rewards from the Ink card to one of those cards where they can be used to book travel through the Chase portal at an increased redemption value.

How this card compares

Ink Business Preferred℠ Credit Card

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

Card Details
  • Earn 3X on travel, shipping purchases, advertising purchases made with search engines and social media sites, and Internet/cable/phone services, on up to $150,000 per year.
  • Earn 1X on all other purchases.
Credit Needed Excellent
Regular APR 16.99% to 21.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.
Annual Fee $95.
Balance Transfers Intro APR

The Ink Business Preferred Credit Card has one of the best sign-up bonuses of any small business card, worth well more than the annual fee. The on-going perks also are excellent for tech and travel-heavy businesses.

Of course, this card is only a great choice if your spending habits align with the rewards categories. If most of your spending is on office supplies or gas, for example, you may be better off with a different card.

SimplyCash® Plus Business Credit Card from American Express
Card Details
  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back. Get cash back on business purchases, even those above your credit limit.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
Credit Needed Excellent
Regular APR 13.24% - 20.24% Variable
Annual Fee $0
Purchase Intro APR 0% on Purchases for 9 months
Balance Transfers Intro APR N/A

SimplyCash Plus Business Credit Card from American Express is among the very best business rewards credit cards on the market. In just about every respect — from rewards to the annual fee — this card stands tall among other elite business cards.

The only reasons to shy away from this card would be if your work requires significant overseas travel or if your biggest expenses don’t match up with the bigger cash-back savings categories.

Capital One® Spark® Cash for Business
Card Details
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Credit Needed Excellent
Regular APR 17.99% (Variable)
Annual Fee $0 intro for first year; $95 after that
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

The Capital One Spark Cash for Business card pays an unlimited 2% cash back on all spending and waives the first-year fee. If you find it cumbersome to track which categories you’re spending in or your expenditures exceed the bonus category caps set by some cash-back business credit cards, this might be a more favorable choice for you.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.