The Chase’s Ink Business Cash® Credit Card is one of the best small business cards available. It has a generous welcome bonus, outstanding bonus categories and flexible redemption options. Plus, it doesn’t have an annual fee, and you can also add employee cards for free. Let’s see why this card might be right for your business.
Generous welcome bonus
A generous welcome bonus can be one of the best reasons to get a new credit card. The Chase Ink Business Cash card doesn’t disappoint here, offering a $750 welcome bonus if you spend $7,500 within the first three months of using the card. This is an above average bonus, but also an above average spending target. Before you apply, you must verify that you can meet the $7,500 spending requirement for three months.
While the welcome bonus is being sold as $750 in cashback, remember that the bonus comes in the form of 75,000 Ultimate Rewards points. If the Chase Ink Cash card is your only Chase credit card, your Ultimate Rewards points are worth 1 cent per point. This means your 75,000 Ultimate Rewards points are worth exactly $750.
But if you have other Chase Premium Credit Cards, such as the Ink Business Preferred® Credit Card or the Chase Sapphire Reserve Card, you can pool your Ultimate Rewards points before redeeming them. This strategy can make your Ultimate Rewards points worth 1.5 cents per point or even more, depending on which redemption option you choose. Pooling your points can help unlock the value of the Ink Cash card and really maximize your rewards.
Business reward categories
With the Chase’s Ink Business Cash card, you will have access to the following bonus categories:
- 5% cashback on internet, cable, phone, and stationery stores (up to $25,000 on purchases per year)
- 2% refund on gas and food (up to $25,000 per year)
- 1% cashback on all other purchases
Earning a 5% cashback at stationery stores and paying for internet, cable, and phone services can greatly increase your rewards. If you are considering using the Ink Business Cash card as a credit card, please be aware that your bonus tiers are limited to first purchases of $25,000 per year. Any purchases above this amount will only return 1 percent cashback.
It’s also worth considering how much of your total spending will come from these bonus tiers. Remember that you only get 1 percent cashback on all non-bonus spending, which is below the average cashback rate. So, if you find that most of your spending is in non-bonus categories, you might be better off with a card like the Chase Ink Business Unlimited® credit card, which gives you 1.5% cash back on all spending. Or hold both cards using Ink Cash for bonus tiers and Ink Unlimited for all other purchases.
Easy to use repayment options
One of the real benefits of Chase Ultimate Rewards cards is how easy it is to redeem your points with many attractive redemption options. As mentioned earlier, if you only have Ultimate Rewards cards with no annual fees, such as Chase Ink Business Cash, then the reward you earn is 1 cent per point. The Ink Cash card effectively serves as a cashback card.
The real power of the Chase Ink Cash card is felt when you combine it with other premium Chase credit cards such as Ink Business Preferred or Chase Sapphire Reserve. You can always combine the Ultimate Rewards points you earn on different cards into one. If you combine your Chase Ink points with your Sapphire Reserve points, you’ll receive a 50% bonus when you use them to redeem for travel or through Chase Pay Yourself Back. You can get even more value when you combine your points with a reward card for transfers to the Chase Hotel and partner airlines.
No annual fee and free employee cards
One of the best things about the Chase Ink Business Cash card is that there is no annual fee for it. An annual fee credit card can be justified, meaning you get more rewards and value than you pay for the annual fee. But being able to earn outstanding rewards and value without an annual fee is the best of both worlds.
To apply for a Chase Ink Business Cash card, you must have a business. However, you do not need to have a business EIN or a certain amount of income. You don’t even need to have any employees – you can be approved as a sole trader.
If you have employees, the Ink Cash card allows you to add employee cards. Each employee card is provided with no set-up or annual fees. As the primary cardholder, you can set controls and spending limits for each employee card, but you are ultimately responsible for all purchases made with employee cards in your account.
Peace of mind from fraud, liability and purchase protection
Like most credit cards, the Chase Ink Business Cash card offers fraud and liability protection. You are not responsible for any unauthorized or fraudulent activity with your card. You can also receive up to $10,000 per claim and $50,000 per account if any of your purchases are damaged or stolen within the first 120 days of purchase (please see the terms and conditions for specific rights) ).
Primary car rental insurance
Another great benefit of the Ink Business Cash card is that it offers primary insurance when you rent a car. In fact, it’s one of the few credit cards that offers primary car rental insurance without an annual fee. The good thing about primary car rental insurance is that it takes effect before any other insurance (such as your regular car insurance). If your credit card offers secondary car rental insurance, it will generally not be used until you claim your own auto insurance.
Car rental coverage with an Ink Cash card is primary for business rentals only. You can be reimbursed up to the actual cash value of the vehicle for theft and collision damage. This coverage covers most vehicles in the US and overseas. As with all card protections, make sure you check the fine print before relying on this insurance coverage.
bottom line
The Chase Ink Business Cash Credit Card is a great small business credit card. With no annual fees and solid bonus categories, any business with significant internet, cable TV, phone, or stationery spending should consider getting this card. Now is the time to apply, as there is currently a $750 welcome offer on offer after you spend $7,500 within the first three months of receiving the card. If you have other Chase premium credit cards, then the Ink Cash card is even more attractive as you can combine your Ultimate Rewards points and make them even more valuable.
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