As a small business owner, your credit card is more than just a payment tool—it's an extension of your business strategy. Choosing the right business credit card is crucial, and the Ink Business Cash Credit Card from Chase stands out for its lucrative rewards structure and additional perks. With features tailored specifically for small businesses, this card helps you get the most out of your everyday expenses. In this review, we'll unpack everything the Chase Ink Business Cash card offers to help you determine if it's the right fit for your business.
MoneyGeek’s Take
Ink Business Cash® Credit Card Review
Updated: July 19, 2024
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WHY WE GEEK OUT
The Ink Business Cash® Credit Card is a savvy choice for small businesses, offering impressive rewards for common business expenses. Its standout welcome offer, decent introductory APR offer on purchases and absence of an annual fee, make it highly beneficial. Plus, you can extend its advantages to your employees at no extra cost. Just be mindful of the foreign transaction fees and ensure timely repayments after the initial offer period to avoid high interest.
Ink Business Cash® Credit Card Overview
To gauge the true value of any credit card, understanding its features is paramount. The Ink Business Cash® Credit Card offers a spectrum of features, each with its own implications, to aid small businesses in their financial journey
Rewards rate: 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 purchases.
Welcome offer: Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
Regular APR: 18.49% – 24.49% (variable)
Annual fee: $0
Intro APR offer: 0% APR on purchases for 12 months (followed by 18.49% – 24.49% variable APR)
Foreign transaction fee: 3%
Employee cards: Get employee cards for no additional fee and set individual limits
Pros
Substantial cash back on business-specific categories
Attractive welcome offer
No annual fee
Introductory APR offer on purchases
Free additional employee cards
Cons
Limited rewards potential on non-bonus categories
Foreign transaction fees
Cap on cash back rewards
Important Card Details
Embarking on a detailed exploration of a credit card's features can reveal how it aligns with your business's financial needs and goals. As we dig into the Ink Business Cash® Credit Card's diverse attributes, keep in mind that each facet holds a unique impact on your business's financial picture.
Standard Introductory APR on Purchases
If you're planning major business investments, the Ink Business Cash Card's introductory APR offer on purchases can provide some financial flexibility. this card comes with a 0% introductory APR on purchases for the first 12 months. After the introductory period, a regular variable APR of 18.49% – 24.49% will apply. Ensure you factor this into your financial planning to avoid surprise interest charges down the line. While not the longest offer on the market, it still offers some breathing room for new cardholders. It also doesn't apply to balance transfers, which means any transferred balances will immediately be subject to the regular APR.
Great Rewards on Business Spending
With the Chase Ink Business Cash card, you earn 5% cash back at office supply stores and on internet, cable, and phone services on up to $25,000 in combined spending each year. Additionally, you earn 2% cash back at gas stations and restaurants, again on up to $25,000 in combined spending each year. This benefit can make those client dinners or business trips a bit more rewarding. For all other card purchases, you earn a standard 1% cash back, meaning every dollar spent aids your business's financial health.
No Annual Fee
The Ink Business Cash card provides a compelling rewards structure without charging an annual fee. This is a definite plus, especially for small businesses mindful of overhead costs.
Strong Welcome Offer
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. This introductory offer alone can provide a significant boost to your business's bottom line, serving as a substantial return on your initial spending.
Foreign Transaction Fee
A foreign transaction fee of 3% applies to any purchases made while traveling overseas or transactions with a merchant based abroad. Keep this in mind if your business involves regular international transactions or travel.
Free Employee Cards
Another notable benefit for small business owners is the option to get employee cards at no additional cost. You can also set individual spending limits for each card, allowing you to maintain control while empowering your team with purchasing power.
How the Ink Business Cash® Credit Card Compares
The Ink Business Cash® Credit Card stands up well with most other small business cards due to its high cash back rewards in specific categories and no annual fee. However, comparing it to other cards can help you solidify exactly what you are looking for in a credit card.
How This Card Compares
Ink Business Cash® Credit Card
- Rewards rate: Earn 5% cash back at office supply stores and on internet, cable and phone services (on up to $25,000 in combined spending each year), 2% cash back at gas stations and restaurants (on up to $25,000 in combined spending each year) and 1% cash back on all other spending
- Welcome offer: Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
- Regular APR: 18.49% – 24.49% (variable)
- Annual fee: $0
- Intro APR offer: 0% APR on purchases for 12 months (followed by 18.49% – 24.49% variable APR)
- Best for: small business owners who spend big on office supplies.
Capital One Spark Cash Plus
- Rewards rate: Earn 2% cash back on all purchases, and 5% on hotels and rental cars through Capital One Travel
- Welcome offer: Earn $1,200 bonus cash back after spending $30,000 in the first three months
- Regular APR: N/A - this is a charge card
- Annual fee: $150
- Intro APR offer: None
- Best for: unlimited cash back on business spending
About Grace Pilling
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.
Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.