The Chase Ink Business Cash® Credit Card is a great option for a cash back credit card for business owners, with a lucrative cash back structure, a generous welcome bonus and plenty of other rewards. That said, it may not be the best business credit card for you.
Whether or not this card is worth it will depend on a variety of factors, including your top spending categories, budget and personal preferences.
Details of the Ink Business Cash Card
The Chase Ink Business Cash Card comes with plenty of attractive features that might make it a good fit for small business owners and the self-employed.
The card comes with an impressive $750 in bonus cash back after you spend $7,500 on purchases in the first three months after opening an account. If you’re able to meet the minimum spending threshold, this alone makes the card worthwhile for many borrowers.
Cash back rewards
The card earns 5 percent cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. It also earns 2 percent cash back on the first $25,000 spent in combined purchases at gas stations and restaurants, as well as an unlimited 1 percent back on all other purchases.
The Ink Business Cash Card features a 0 percent intro APR on purchases for the first 12 months, after which the card has a 13.24 percent to 19.24 percent variable APR.
No annual fee
Unlike many other rewards credit cards, the Ink Business Cash Card has no annual fee. This makes it an affordable option even for business owners on a budget.
The card comes with a whole host of other benefits, including purchase protection, travel perks, flexible redemption options and extra employee cards at no additional cost.
Is the Ink Business Cash Credit Card from Chase worth it?
The Chase Ink Business Cash Card has plenty of benefits, but is it right for you? Here are some things to consider when weighing this card against other options.
Excellent earnings at office supply stores and on internet, cable and phone services
This card earns an impressive 5 percent cash back on spending at office supply stores and on internet, cable and phone expenses (on up to $25,000 spent in combined purchases each account anniversary year). If your business has a lot of expenses in these categories, this card may be a great fit.
Respectable cash back rewards on gas, restaurants and other purchases
Cardholders earn 2 percent cash back on purchases at gas stations and restaurants (on up to $25,000 spent in combined purchases each account anniversary year), along with an unlimited 1 percent cash back on all other purchases. These rates are in line with industry standards and represent a great way to earn some money on everyday expenses. That said, if you do a lot of spending in these categories, it may make more sense to choose a business credit card with even higher rewards potential in these categories.
Generous welcome offer
With $750 in bonus cash back available when you spend $7,500 in the first three months, the welcome offer alone may make this card worth it for many business owners. This cash bonus may be a stretch to qualify for if your business expenses typically fall under $2,500 per month, but it could be worth upping your spending a tad if you can afford to.
Simple but flexible redemption options
One of the main draws of a cash back credit card is the simplicity of rewards redemption. Rather than having to calculate the value of the rewards received from a points-earning credit card—or having to choose redemption options that maximize your earnings—you can simply earn cash back on all of your purchases. However, in addition to cash back, this card also comes with several other redemption options, including gift cards, travel and more through the Chase Ultimate Rewards portal.
No annual fee
Unlike many cards of its caliber, the Ink Business Cash Card doesn’t charge an annual fee. This means that even if you aren’t focused on maximizing your rewards, there’s no chance that you’ll be in the red at the end of the year (so long as you don’t get into credit card debt, of course). Combined with the simplicity and flexibility of Chase’s rewards program, the $0 annual fee makes this card an especially attractive option for cardholders who prefer a “set it and forget it” approach to credit card rewards.
Only modest travel rewards
One area where the Ink Business Cash Card falls short is travel. While the card does reward travel-related spending when it comes to restaurants and gas stations and offers a few related perks, like roadside dispatch, it doesn’t have as many travel perks as traditional travel credit cards. If you do a lot of traveling for business, you may want to look for a rewards card that focuses more explicitly on travel.
Should I get the Ink Business Cash Card?
The Ink Business Cash Card is a great option if you’re self-employed, own a small business or are an entrepreneur. However, there are plenty of other Chase business credit cards to choose from as well as business credit cards from other lenders. Whether or not this card is the best fit for your business depends on a variety of different individual factors. You should consider applying for this card if:
- You have a lot of office expenses. If you spend a lot on office supplies or on internet, phone and cable services, this card is well worth it.
- You want a simple cash back card. For business owners who don’t want to spend too much time figuring out how to maximize their earnings, this lucrative cash back card is refreshingly simple.
- You don’t travel a lot for work. While this card has plenty of advantages, it’s not the best fit if you travel frequently for work and are looking for a card with lots of travel-related perks.
- You want a card with no annual fee. Many rewards cards come with a hefty annual fee, so the $0 annual fee for this card is a great benefit if you’re looking to keep costs low.
How to maximize your rewards with the Ink Business Cash Card
If you do decide to go with the Ink Business Cash Card, there are a couple of ways to ensure you maximize your rewards.
Spend enough to qualify for the welcome bonus
The hefty $750 cash back welcome bonus is only available to cardholders who spend at least $7,500 in the first three months after opening an account. If you’re near the threshold, consider spending a little extra so that you qualify.
Take advantage of other Chase Offers
As with other Chase credit cards, you can earn additional rewards by applying Chase offers to your account and then spending at the retailers specified in those offers. The Chase Offers program is free to use and you can find present offers in your online account or the Chase mobile app. Keep in mind, though, that the offers available can vary by account.
The bottom line
The Chase Ink Business Cash Card is a great no-annual-fee business credit card with cash back rewards and a host of other perks.
The card may not be the best fit for business owners with a lot of travel expenses or for those who are interested in the luxury perks that come with some more premium cards. It also might not be an ideal credit card for startups with few office expenses.
That said, if you have a lot of office supply expenses or are just looking for a simple cash back card with few fees, the Chase Ink Business Cash Card is a good choice.