There is a plethora of business credit cards out there. However, the Chase Ink Business CashSM Card offers some of the best rewards with a $500 cash back signup bonus, no annual fee, and a superb rewards program.
You earn 5% 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.
You can also earn 2% cash back on the first $25,000 spent in combined purchases on gas stations and restaurant expenses each account anniversary year, and 1% cash back on all other things.
Plus, there is a 0% introductory APR for 12 months on purchases. I personally prefer the Ink Business Cash to the other Ink cards because you get generous cash back and no annual fee for a business card!
Editor’s Note: You may not know this, but if you ever sell something on eBay, Craigslist, or do any freelance work, your business is called sole proprietorship. Simply use your name as business ID and Social Security number as tax ID on your application to apply.
* Don’t forget that Chase offers great bonuses for their Checking/Savings accounts also.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SapphireSM Checking | $1,000 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase SavingsSM | $150 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| You InvestSM by J.P. Morgan | $625 Cash | Review |
Table of Contents
- 1 Chase Ink Business Cash Card Summary
- 2 Editor’s Alternate Pick
- 3 Ink Business Cash Card $500 Bonus Cashback
- 4 What the Rewards are Worth?
- 5 Maximizing Your Rewards
- 6 Chase Ink Business Cash Benefits
- 7 Chase Ink Business Cash Pitfalls
- 8 Chase Ink Business Cash Top Features
- 9 Small-Business Mind Set
- 10 Bottom Line
- 11 Who’s the Competition?
Chase Ink Business Cash Card Summary
 |
| Bonus Available | Earn $500 bonus cash back after you make at least $3,000 in purchases within the first 3 months of account opening. |
| *Bonus Value | $1,000 |
| Ongoing Rewards/Benefits | 5% cash back on the first $25k spent in combined purchases at office supply stores and on internet, cable and phone services each year.
2% cash back on the first $25k spent on combined purchases at gas stations and restaurants each year. Employee cards at no additional cost. |
| Foreign Transaction Fees | 3% |
| Annual Fee | $0 |
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
View the latest valuations here.
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
PROS
- Welcome bonus
- Reward points
- No foreign transaction fees
- No annual fee
CONS
- Good-Excellent credit needed to qualify
- Capped bonus categories
- Foreign transaction fees
Editor’s Alternate Pick
 The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
Ink Business Cash Card $500 Bonus Cashback
Take advantage of the Ink Business Cash card’s $500 bonus cashback offer. To qualify, you’ll need to charge at least $3,000 to your card within the first three months opening your account.
Here are some ideas on meeting the spending requirements:
| • Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well. |
| • Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank. |
| • Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't. |
| As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance. Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes. |
| |
What the Rewards are Worth?
Even though it’s a cashback card, Ink Business Cash rewards are tracked as Chase Ultimate Rewards points. You can redeem them for:
- Cash: As statement credit to apply toward your balance, or directly deposited to most United States checking and savings accounts.
- Travel: For premium vacation packages, cruises or fly any class on most major airlines. There are no restrictions or blackout dates on airfare booked through Chase Ultimate Rewards.
- Gift cards: Over 70 gift card options available including Home Depot, iTunes, Amazon and Staples.
- Amazon items: Instantly redeem your points to pay for all or part of your eligible Amazon order, including tax and shipping.
Each Chase Ultimate Rewards point is worth $0.01, except for Amazon items which has a lesser value.
Combining your UR points from this card with other eligible Chase cards will get you more value.
Maximizing Your Rewards
If you want to get the most out of your points, move them to other credit accounts that earn Chase Ultimate Rewards. Cards like Chase Sapphire Preferred® card and the Chase Sapphire ReserveSM Card. This will help boost your points value when you book for travel through Chase:
- Sapphire Preferred + Ink Business Unlimited = $0.0125/point
- Sapphire Reserve + Ink Business Unlimited = $0.015/point
Additionally, you’ll also be able to transfer to other loyalty programs at a 1:1 ratio if you have either of the cards above. So the 10,000 UR points = 10,000 points/miles with the transfer partner. You can get up to an average of 2¢ per point value by doing this.
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
| Airline Transfer Partners | Hotel Transfer Partners |
| Aer Lingus AerClub | IHG Rewards Club |
| British Airways Executive Club | Marriott Bonvoy (Previously Marriott Rewards) |
| Flying Blue AIR FRANCE KLM | The Ritz-Carlton Rewards |
| Iberia Plus | World of Hyatt |
| JetBlue TrueBlue | |
| Singapore Airlines KrisFlyer | |
| Southwest Airlines Rapid Rewards | |
| United MileagePlus | |
| Virgin Atlantic Flying Club |
Chase Ink Business Cash Benefits
The Chase Ink Business CashSM Card is the go-to card for these reasons:
- A good bonus. You’ll earn 50,000 bonus points, which can be redeemed for $500 cash back, when you spend $3,000 on purchases in the first 3 months from account opening.
- Earn up to 5% cash back. You’ll earn 5% 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. Then, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. You’ll earn 1% cash back on all other purchases with no limit to the amount you can earn.
- 0% introductory APR on purchases for the first 12 months. This could be helpful for new or growing small businesses who may need to make some larger initial investments or have irregular cash flow. Having this intro APR for the first year could equal a lot of money saved on interest.
- Cash back rewards don’t expire. Your rewards will never expire as long as your account is kept open and it stays in good standing. This way, you won’t have to worry about losing them if you forget to redeem them.
- Free employee cards. Add employee cards for no additional annual fees. The rewards program will apply to those cards as well. This way, you can earn rewards even faster on your card account. Minimize the risk of credit card abuse by setting a spending limit for each employee card. You’ll also be automatically notified whenever an employee makes a purchase.
- Protection benefits. You’ll get travel protection and purchase protection with your Ink Business CashSM Card.
Chase Ink Business Cash Pitfalls
You may not like the Chase Ink Business CashSM Card due to these reasons:
- Low earning cap. The 5% 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 and 2% cash back on gas and dining is only on first $25,000. If you spend more than $25,000 a year in combined purchases in either of those categories, you might want to find another card to maximize your earnings like the SimplyCash® Plus Business Credit Card from American Express which offers an increased cap of the first $50,000 in purchases per calendar year for its cash back rewards.
- Traveler unfriendly. This card has a foreign exchange transaction fee of 3% of the amount of each transaction in U.S. dollars. If you or your employees are traveling internationally, this may not be the right one to use. If your company does travel outside the States to do foreign affairs, you may want to take a look at the Chase Ink Business PreferredSM Card instead.
- High credit requirement. If you have low or don’t have good credit, you may not be able to qualify for this card. Chase usually requires good to excellent credit for their cards.
Chase Ink Business Cash Top Features
Unlike most business credit cards, it doesn’t come with an annual fee! You can sock it away and not have to worry about a single thing!
Your employees can make necessary purchases in the name of the business without giving up control of the account. You can set each employee to various spending limits anytime you feel like you need it. This way, your employees’ spending will also help you gain more in cash back.
Get free monthly statements and quarterly management reports. Expenses are itemized and categorized to track your business’ spending easier. Card holders receive zero liability protection. For any unauthorized purchases made with your Ink business card, you are not responsible to pay a single cent.
Enjoy travel accident insurance, auto rental insurance, roadside dispatch, baggage delay refund, 24/7 real-person customer service, purchase protection, extended warranty, fraud early warning service, etc.
- Purchase Protection: Purchasing a fancy new laptop? No worries. Your new, eligible purchases with the Ink Business Cash from Chase are covered against damage or theft for up to 120 days and up to $10,000 per claim for a maximum of $50,000 per account.
- Extended Warranty Protection: If you purchase a product in the U.S., you get an additional year of warranty on eligible products if the U.S. manufacturer’s warranty is 3 years or less.
Small-Business Mind Set
The Chase Ink Business CashSM Card understands small businesses and their needs. Whether you are a small business owner or sole proprietor, you’ll need a business credit card that rewards you on purchases geared towards business expenses and keep track of your spending.
The Ink Business Cash offers online business tools to allow easy account managing. Set spending limits on employee cards. Plus, track expenses and identify potential tax deductions.
Small businesses are hard to keep up with because of the many moving parts and limited amount of people to oversee. However, Chase also offers Ink Mobile app. This mobile app will allow you to monitor your business down to the T. You’ll never have to wait to get a surprise, good or bad, since you have your account information at your fingertips any day and anytime.
Bottom Line
With generous cash back options along with travel and shopping benefits, the Ink Business Cash is one of the best business credit cards around (along with a generous bonus). The money you earn off the credit card rewards help keep your business up. Plus, it can also make itemizing your purchases a breeze.
The Ink Business Cash is a small business gem and shines in several aspects. Enjoy a fantastic bonus, superb cash back rewards, no annual fees to pay, and a year of 0% introductory APR on purchases. Do yourself and the business a favor and apply for this card today! For more options, check out the promotions offered via our list of credit cards!
|
For more details pricing & terms, click here.
Who’s the Competition?
* Below are some of the top competitors to the Ink Business Cash Credit Card from Chase to consider.
The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
 The Capital One® Spark® Cash Select for Business offers a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening. You'll earn an unlimited 1.5% cash back could mean thousands of dollars each year going back into your business with no categories to limit your purchasing. This card comes with no annual fee and employee cards at no additional cost. |
Hustlermoneyblog has partnered with CreditCards.com for our coverage of credit card products. Hustlermoneyblog and CreditCards.com may receive a commission from card issuers.
Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.
I have 3 questions :
1. Can I use this card to regularly buy Visa/Master Gift cards for 5% cashback from Staples/Office Depot?
2. I don’t own any business, how could I get this card still ?
3. Is this the best card in the market to get the most of 5% cash back from the Office supply stores on Visa/Master Card ?