The Chase Ink Business Cash® Credit Card is a popular option for small business owners looking to maximize their rewards on everyday business expenses. This credit card is known for its generous sign-up bonus, which currently offers new cardholders a chance to earn $750 after spending $6,000 on purchases within the first three months of account opening, making it an attractive choice for those in need of a new business credit card with lucrative rewards.
Not only does this card provide a substantial sign-up bonus, but it also offers impressive cash-back rates in common business spending categories. Cardholders can earn up to 5% back on various purchases, making it an ideal option for small businesses looking to optimize their cash flow and better manage their finances. This review aims to provide insights into the various benefits and features of the Chase Ink Business Cash® Credit Card to help potential applicants make an informed decision.
Sign-up Bonus Details
The Chase Ink Business Cash® Credit Card offers an attractive sign-up bonus for new cardholders. According to The Points Guy, the current sign-up bonus is $900 cash back after spending $6,000 within the first three months of account opening.
The value of the sign-up bonus is impressive, particularly for a card with no annual fee. The bonus cash back can help offset initial business expenses and provide a financial boost for business owners. It is important to note that this bonus offer is subject to change and may not be available indefinitely.
Earning cash back with the Chase Ink Business Cash® Credit Card is straightforward, as outlined by Chase. Cardholders can 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 purchases, with no limit on the amount that can be earned
With a generous sign-up bonus and solid earning potential, the Chase Ink Business Cash® Credit Card is a valuable option for small business owners.
Card Features
The Chase Ink Business Cash® Credit Card is an excellent option for small businesses looking for a card with a great sign-up bonus, cash back rewards, and no annual fee. This section will highlight some key features of the card.
Sign-Up Bonus: The card offers a generous sign-up bonus of $750 bonus cash back after spending $7,500 on purchases within the first three months after account opening.
Cash Back Rewards: The Ink Business Cash® Credit Card rewards you for various spending categories:
- 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 purchases, with no limit to the amount you can earn
Employee Cards: You can add employee cards at no additional cost, allowing you to further maximize your cash back rewards by pooling all business expenses onto one account.
Redemption Options: The cash back rewards you earn can be redeemed for a variety of options, such as statement credits, gift cards, or travel through the Chase Ultimate Rewards® program.
Additional Benefits: Cardholders also receive benefits like purchase protection and extended warranty coverage on eligible purchases, adding extra value to the card.
Rewards Program Overview
The Chase Ink Business Cash® Credit Card offers a competitive rewards program for small businesses, with several bonus categories and earning opportunities. Cardholders can earn up to 5% cash back on eligible spending, making it a valuable option for businesses with specific spending habits.
Here’s a summary of the rewards program:
- $750 bonus cash back after spending $6,000 on purchases within the first three months of account opening
- 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 purchases, with no limit to the amount you can earn
Fulfilling the minimum spend requirement within the first three months activates the generous $750 bonus cash back. Moreover, the card has no annual fee, enhancing its value proposition for small business owners.
In addition to the cash back rewards, the card offers other perks such as employee cards at no additional cost, allowing business owners to manage and track their employees’ spending, while simultaneously maximizing reward earnings.
Interest Rates and Fees
The Chase Ink Business Cash® Credit Card stands out for its competitive interest rates and fees. With a $0 annual fee, this business credit card is an attractive option for small business owners looking to save on expenses while still enjoying valuable benefits and rewards.
As for the interest rates, the card offers a variable APR ranging from 13.24% to 19.24% for purchases and balance transfers, depending on your creditworthiness. Additionally, the card offers a 0% introductory APR on purchases for the first 12 months, allowing businesses to finance their expenses without incurring interest during that period. After the intro period, the variable APR applies. Source.
The fees associated with the Chase Ink Business Cash® Credit Card are generally reasonable. Here are some of the key fees:
- Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
- Cash Advance Fee: Either $15 or 5% of the amount of each transaction, whichever is greater.
- Foreign Transaction Fee: 3% of each transaction in U.S. dollars.
- Late Payment Fee: Up to $39.
- Returned Payment Fee: Up to $39.
Pros and Cons
The Chase Ink Business Cash® Credit Card offers a variety of benefits for business owners, but like any credit card, it also has some drawbacks. In this section, we will discuss the pros and cons of this card to give you a better understanding of its features and potential disadvantages.
Pros:
- Sign-up bonus: The card offers a generous $750 bonus cash back after you spend $6,000 on purchases within the first three months of opening an account.
- Cash-back rewards: Earn up to 5% back in common business spending categories, providing extra value for your everyday expenses.
- No annual fee: It’s relatively rare to find a business credit card with such a strong rewards program and no annual fee, making this card an attractive option for budget-conscious business owners.
Cons:
- Limited high-earning categories: While the card offers up to 5% cash back in certain spending categories, these are capped at $25,000 in combined purchases per account anniversary year. After reaching the cap, your rewards rate drops to 1% for the rest of the year.
- Foreign transaction fees: This card charges a 3% foreign transaction fee, making it less suitable for businesses with frequent international spending.
- No travel rewards: Unlike some other business credit cards, the Chase Ink Business Cash® Card does not offer travel rewards or perks, which may be important for businesses with significant travel needs.
Comparison with Competitors
The Chase Ink Business Cash® Credit Card faces competition from several other business credit cards. In this section, we’ll compare it with some of its top competitors, namely the Ink Business Preferred® Credit Card, the Ink Business Unlimited® Credit Card, and the Ink Business Premier℠ Credit Card.
Ink Business Preferred® Credit Card
- Annual Fee: $95
- Sign-up Bonus: Earn 100,000 points after spending $15,000 within the first three months
- Points Rewards: Earn 3X points on travel and various business expenses, and 1X points on all other purchases
Ink Business Unlimited® Credit Card
- Annual Fee: $0
- Sign-up Bonus: Earn $750 after spending $7,500 within the first three months
- Cash Back Rewards: Unlimited 1.5% cash back on all purchases
Ink Business Premier℠ Credit Card
- Annual Fee: Not available
- Sign-up Bonus: Not available
- Travel Rewards: Not available
It’s evident that each of these cards serves a distinct purpose in the Chase Ink Business card lineup. The Ink Business Cash® Credit Card offers compelling rewards rates in certain bonus categories, whereas the Ink Business Preferred® Credit Card focuses on travel and business expenses, and the Ink Business Unlimited® Credit Card offers a simple, unlimited cash back option for all purchases.
Making the right choice between these cards will depend on your business spending patterns and your preference for points or cash back rewards.
Conclusion
The Chase Ink Business Cash® Credit Card offers a generous sign-up bonus, currently at $900 bonus cash back after spending $6,000 on purchases in the first 3 months from account opening. This attractive bonus sets it apart from many other business credit cards on the market.
Aside from the sign-up bonus, cardholders can benefit from the card’s competitive cash back rewards structure. With 5% cash back on office supplies and telecommunications services and 2% cash back on gas stations and dining, maximizing rewards on common business expenses becomes easy.
Additionally, the card comes with no annual fee and offers employee cards at no extra cost. This combination of features makes the Chase Ink Business Cash® Credit Card an excellent option for small to medium-sized businesses looking to boost their cash back rewards potential while minimizing costs.