As a small business owner you’re probably looking around to find the right credit card right? Then I’m pleased to direct you to the Chase Ink Business CashSM Card which has superb perks and benefits for running a small business!
The Chase Ink Business CashSM Card is a versatile card offering solid cash back rewards and benefits like no annual fee and 0% introductory APR. It appeals to small businesses where spending tends to be modest and where there’s more preference for cash back over travel rewards.
If you have a side business such as selling on eBay, Craigslist, or do freelance work, then your business is called a sole proprietorship. Simply use your name as the business ID and Social Security number as the tax ID.
Chase Ink Business Cash Summary
With the Chase Ink Business CashSM Card:
• Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
• 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
• 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
• 0% introductory APR for 12 months on purchases and balance transfers
• Employee cards at no additional cost
• No Annual Fee
Welcome Bonus & No Annual Fee
Chase Ink Business CashSM Card offers a $500 bonus cash back after spending $3,000 on purchases in the first 3 months of account opening and no annual fee to fret about. Although we’ve seen bigger bonuses, very few no-annual-fee, cash-back business credit cards come with a bonus. So we feel that $500 is a respectable welcome bonus.
Big Cash Back Rewards
Chase Ink Business CashSM Card shines in multiple areas and its big cash back rewards is one of them. The bonus categories are specialized for small businesses with low annual expenses and promotes fast earning rewards. We really can’t stress how fantastic the 5% and 2% bonus categories are.
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. Office supply stores like Office Depot, Office Max, and Staples surprisingly sale snacks, water, coffee, cleaning supplies, furniture, electronics, retail gift cards, books, toys, and small appliance just to name a few.
2% Cash Back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
1% Cash Back on all other card purchases with no limit to the amount you can earn.
Rewards are earned as points where 1 point equals 1% or 1¢ cash back. If $25,000 in spending limits are reached for the 5% and 2% categories each year, you’ve earned a total of $1,750 in cash back rewards that can be used towards your business. The possibilities are infinite because this valuation doesn’t include what you would earn in the 1% categories. Rewards can be redeemed for cash back, gift cards or even travel and do not expire as long as your account is open. If redeeming for travel, we strongly encourage to transfer those earned reward points to a premium Chase card like Chase Sapphire Preferred® for extra value per point and flexibility.
0% Intro APR
Another highlighted feature of Chase Ink Business CashSM Card is the 0% introductory APR on purchases and balance transfers for the first 12 months (15.49%-21.49% Variable thereafter). This is such an important feature for a start up business or businesses who are looking to consolidate and pay off high interest debt.
Businesses can save from paying interest or use their up front capital for investments to create cash flow. Keep in mind that there is a balance transfer fee of 5% of the amount of each transfer or a minimum of $5. Another fee to make note of is the 3% foreign transaction fee for each transaction in U.S. dollars which proves that Ink Business CashSM is not tailored for travel.
A Small Business Gem
Chase Ink Business CashSM Card is a small business gem and shines in several aspects. It offers the chance to earn a $500 bonus, superb cash back rewards, no annual fees to pay, and a year of 0% introductory APR on purchases and balance transfers. It’s a practical choice and a powerful tool to help your business grow. Review our complete list of credit card bonuses.
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.