Ink Business Cash

Get rewarded with Ink Business Cash

For business owners looking for cash back for office-related and everyday business purchases, the Ink Business Cash credit card from Chase offers competitive cash back rewards that help you earn as you grow your business. The card provides a solid intro cash back offer and intro purchase APR rate. For businesses with extensive office needs and many employees working on-site, the Ink Business Cash credit card provides some of the highest reward rates available. Other business perks like no-cost employee cards, travel and purchase coverage, fraud protection and business account tools make this card one that can aid you in managing your business.

What to expect from the Ink Business Cash

• APR: 0% introductory APR for one year on purchases. After the first year, a 14.74%-20.74% variable APR rate applies. Balance transfer APR rate is 14.74% to 20.74%, and cash advance APR is 26.49% variable APR rate.
• Annual Fee: $0
• Reward Rates: Earn 5% cash back on the first $25,000 spent in total transactions on internet, phone and cable services and at office supplies retailers on the account’s anniversary each year. Get 2% cash back on the first $25,000 spent in total transactions for dining at restaurants and for gas station use each anniversary year of the account. Earn 1% cash back on all other transactions, with no limit to the number of transactions.
• Intro Offer: Get a $500 cash bonus after you make $3,000 in transactions in the first three months.

Even better

• Get employee cards at no additional cost. Set individual spending limits on each card. Rack up cash back rewards as your employees make purchases for your business.
• Business monitoring is built-in. It gives access to fraud protection and personalized account alerts for suspicious purchases.
• Gain purchase protection. Your new purchases are covered against theft or damage for up to $10,000 per claim and $50,000 per account for 120 days within purchasing. Extended warranty protection extends U.S. manufacturers’ warranties by one year on eligible warranties of three years or less.
• Save on vehicle rentals. Get an auto rental collision damage waiver when you decline the collision insurance offered by the rental car business and charge the entire cost of the rental to your card.
• You have multiple reward redemption options. In addition to cash back, you can redeem purchase rewards for travel expenses using the Chase Ultimate Rewards portal, as well as with the Apple Ultimate Rewards Store and on gift cards.

But keep your eyes open for pitfalls

The Ink Business Cash credit card puts more emphasis on office-related purchases for cash back rewards. If your business is small and consists of mostly remote workers or a small office space, you may not be able to earn as much as you could with other business credit cards. Also, if your business operations don’t rely on car travel or restaurant dining, the 2% cash back category won’t be as significant, either. In cases like these, you’d be earning 1% cash back on most of your purchases.

Other cash back cards have higher cash back rewards. For example, the Spark Cash from Capital One card provides unlimited 2% cash back on all purchases with no minimums required and no max amount on the cash back you can earn. Plus, the card also offers a $500 cash bonus for making $4,500 in transactions. It also doesn’t come with foreign transaction fees. However, after the $0 intro first year, the card has a $95 annual fee.

Another downside to the Ink Business Cash credit card is that it has a 3% foreign transaction fee. If you plan on traveling abroad for business and making  purchases, you may be better off with a cash back business card that doesn’t have a foreign transaction fee, like the Spark Cash Select from Capital One card. You get 1.5% cash back on all purchases and can earn a $200 cash bonus after spending $3,000 on purchases within three months of the account opening.

How to maximize your Ink Business Cash rewards

To make the most of an Ink Business Cash credit card, make sure to make at least $3,000 in transactions within three months of having your card so you can secure the introductory $500 cash back bonus offer.

Use the Ink Business Cash credit card for all office purchases up to $25,000 each year so you can get 5% cash back rewards, equivalent to up to $1,250. You’ll also want to make all dining and gas purchases up to $25,000 a year on your card to earn the 2% cash back reward of up to $500. Alert your employees to do the same with their employee Ink Business Cash credit cards so that you can max out your rewards in those categories.

If you run into problems with your purchases, tap into the purchase and warranty protection the card offers. You can save your business more money by getting purchase replacements using your card perks. Also apply the auto rental collision damage waiver to rental vehicles to save even more.

Bottom line

If your business relies on a large office and lots of office supplies to run, the Ink Business Cash credit card’s 5% cash back reward rate on related purchases is hard to beat. The 0% introductory APR rate for the first year is another perk, making this a great card to use if you’re building a new office and want to get maximum cash back rewards. With no annual fee to worry about, there’s no major downfall to using this card, since every purchase results in some kind of cash back reward.

If your business has mostly remote workers and/or relies on extensive travel, you might be better off with a travel rewards-focused card or a cash back rewards card with a higher overall rate for all purchases. For businesses that rely on international travel, a card with no foreign transaction fees is the better choice.