If you’re self-employed or a small business owner, a business credit card is a great way to establish a credit history for your business while also earning rewards and benefits. The Ink Business Cash® Credit Card is a great option for businesses looking to earn lucrative cash back rewards for spending in categories including office supplies, internet, cable and phone services and more.
As a reminder: Details of the Ink Business Cash Card
The Ink Business Cash credit card from Chase is a rewards credit card that offers some attractive benefits for cardholders. It comes with a sizable welcome bonus of $750 in bonus cash back after you spend $7,500 on purchases in the first three months after account opening. The card also earns 5 percent cash back on the first $25,000 spent each account anniversary year in combined purchases at office supply stores and on internet, cable and phone services, making it a great choice for a business credit card. On the other hand, it may not be the best card for startups or businesses that don’t use a lot of physical supplies and equipment.
The card earns 2 percent cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year and 1 percent back on all other purchases. Cardholders can also take advantage of an introductory 0 percent APR for the first 12 months on purchases, followed by a competitive variable APR of 13.24 percent to 19.24 percent.
There are a variety of ways to redeem rewards, including cash back, gift cards, travel reservations and more. Other Chase Ink Business Cash benefits include extra employee cards at no additional cost and fraud and purchase protection.
The Ink Business Cash Card features a generous welcome bonus. New cardholders can earn $750 in bonus cash back after they spend $7,500 on purchases in the first three months. This sizable bonus makes the Ink Business Cash Card an attractive option—even for business owners who don’t have a significant amount of expenses in the heightened cash back categories.
Cash back rewards
The Ink Business Cash Card earns cash back on all purchases, allowing cardholders to earn while they spend. This cash back credit card earns 5 percent back on office supply store purchases, internet cable and phone services as well as 2 percent back at gas stations (making it a business gas credit card) and restaurants. The card also earns an unlimited 1 percent cash back on all other purchases.
No annual fee
Unlike many similar rewards credit cards for small business owners, the Ink Business Cash Card comes with no annual fee. It’s an affordable option even for business owners on a budget.
Do you have a significant purchase on the horizon or just want to save on interest? As a 0 percent intro APR business credit card, the Ink Business Cash comes with an introductory 0 percent APR for the first 12 months on all purchases. After that, there’s a 13.24 percent to 19.24 percent variable APR.
Flexible redemption options
Many people prefer the ease and simplicity of cash back rewards over other rewards systems (like points or miles). The Ink Business Cash Card makes it easy to redeem rewards in the form of cash back, but cardholders are also free to take advantage of other redemption options, including gift cards, travel and more through the Chase Ultimate Rewards portal.
Employee cards at no additional cost
If you’re a small business owner with employees who also make purchases for your business, you can get extra cards for your employees at no additional cost. You can also set individual spending limits on these cards.
Ink Business Cash card protections
Some additional Chase Ink Business Cash Card benefits include zero liability protection, purchase protection and extended warranty protection.
Zero liability protection
This card comes with zero liability protection, which means you won’t be responsible for any fraudulent charges on your card.
Purchases made with this card are covered for up to 120 days against damage or theft for amounts up to $10,000 per claim and $50,000 per account.
Extended warranty protection
The card’s extended warranty protection extends the manufacturer’s warranty on purchases made using the card by an additional year on eligible warranties of three years or less.
Ink Business Cash travel benefits
The Chase Ink Business Cash travel benefits include an auto rental collision damage waiver, travel and emergency assistance and roadside dispatch.
Auto rental collision damage waiver
If you use your Ink Business Cash card to rent a car while traveling for business, you won’t need to pay extra for rental car insurance. The card comes with an auto rental collision damage waiver that allows you to skip the insurance offered by the rental car company.
Travel and emergency assistance services
If you need assistance while traveling, you can contact your card’s benefit administrator for help with legal and medical referrals as well as other issues.
As with other Chase credit cards, if you need help while on the road, you can call Chase’s roadside dispatch at 1-800-847-2869. You’ll still need to pay for the services it provides, but it’s a nice extra layer of protection if you ever need assistance with a flat tire, empty gas tank or other common issues.
How to maximize the perks and benefits offered by the Ink Business Cash Card
This card comes with some great benefits, but in order to take full advantage of them, be sure to spend enough to qualify for the welcome offer, max out spending in the most lucrative rewards categories and take advantage of other Chase offers.
Make sure you qualify for the welcome bonus
The Ink Business Cash Card comes with a hefty $750 cash back bonus, but cardholders must spend $7,500 in the first three months in order to qualify. This hefty bonus offer—combined with the low introductory APR on purchases—means that it might be a good idea to up your spending to meet the $7,500 threshold if at all possible.
Maximize your rewards earnings
Cardholders can earn an impressive 5 percent cash back on up to $25,000 in purchases at office supply stores and on internet, phone and cable services each account anniversary year, making it especially important to use the Ink Business Cash Card for all business-related purchases in these categories. Cardholders also earn 2 percent cash back on restaurant and gas purchases.
Take advantage of additional Chase perks
All Chase business credit cards come with additional benefits that are added on top of the benefits that the Ink Business Cash Card already qualifies you for. You can use the Chase shopping portal to shop with participating partner stores and earn additional cash back. These rewards can be especially lucrative if the partner store already qualifies for one of the 2 percent or 5 percent cash back categories. You can also use other cash back portals, like Rakuten and Wikibuy, to maximize your earning potential.
The bottom line
If you’re looking for a small business credit card with competitive cash back rates, the Ink Business Cash Card is a great option. This no-annual-fee business card earns a lucrative rate of cash back on business-related purchases, offers an introductory, low-interest time period to pay off large purchases and comes with plenty of other benefits, including purchase protection, travel benefits and flexible redemption options.