As a small business owner you’re probably looking around to find the right credit card, right? Then take a look at 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.
Editor’s Note: 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
The Ink Business Cash® Credit Card offers $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
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, 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.
This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost.
Welcome Bonus & No Annual Fee
Enjoy a $500 bonus cash back after spending $3,000 on purchases in the first 3 months of account opening. Plus, there’s 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, promoting 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.
- 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. 1 point equals 1% or 1 cent cash back. If you reach the $25,000 spending limits 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. Redeem rewards for cash back, gift cards or even travel. They 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 the Ink Business Cash from Chase is the 0% introductory APR on purchases for the first 12 months. This is important for start-ups 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. Unfortunately, this card has a 3% foreign transaction fee for each transaction in U.S. dollars. Thus, you should carry another card while you’re traveling.
A Small Business Gem
The Chase Ink Business CashSM Card is one of the best no-annual-fee business credit cards available. This is an exceptional card if you’re a small business owner looking to increase your cash flow and you have low spending needs. The cash back rewards are pretty solid on business-friendly spending categories.
There’s no need to worry about checking if paying the annual fee outweighs your rewards. You’ll earn cash rewards fast. The 0% introductory APR for 12 months on purchases provides businesses with irregular cash flow to have some breathing room for paying down their balances.
In addition, if your company doesn’t have significant travel expenses, there’s no need to worry about missing out on rewards. Generally, you can redeem your rewards as statement credit. Though, you can also transfer your rewards to a travel partner and earn travel rewards.
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.