Skip to content
Review

Review of the Chase Ink Business Cash Credit Card

Advertiser Disclosure

Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.

By Brendan Harkness Mar 24, 2020 | Updated Sep 03, 2020
Our rating
Min. credit level: Excellent
Annual Fee: $0
Regular APR: 13.24% - 19.24% Variable

The Ink Business Cash® Credit Card provides a way for small business owners to earn cash back on some common business expenses, for no annual fee.

On your first $25,000 of spending at office supply stores and on internet, cable, and phone services, you’ll get 5% cash back. You’ll also get 5% cash back on Lyft rides, with no limit. And on your first $25,000 in spending at gas stations and restaurants, you’ll get 2% cash back.

There’s also a 0% intro APR on purchases for 12 months to help with cash flow, and you can get up to 70 free employee cards with individual spending limits. After the 0% introductory period, the regular 13.24% - 19.24% Variable APR applies.

This is one of three cards in Chase’s Ink line of business credit cards.

Ink Business Cash® Credit Card

Our rating
Min. credit levelExcellent
Details
Annual Fee$0
Regular APR13.24% - 19.24% Variable

Our Rating: 5 Out of 5 Stars

We give the Ink Business Cash card 5 out of 5 Stars because it offers good cash back rates on your small business expenses for no annual fee.

Why We Like It

  • The 5% and 2% categories include some common business expenses, along with Lyft
  • 0% intro APR for 12 months for card purchases (before the regular 13.24% - 19.24% Variable APR starts)
  • No annual fee

Why It Could Be Better

  • It won’t be as useful if you spend a lot more than $25,000 in the 5% or 2% bonus categories per year
  • Foreign transaction fee of 3% of each transaction in U.S. dollars
  • There aren’t much in the way of extra perks or benefits

Insider Advice: Getting the Most Out of Your Card

  • Earn rewards on a variety of card purchases: Use this card to earn cash back on Lyft rides, office supplies, internet/cable/phone services, gas, and dining at restaurants.
  • Keep track of how much you spend: You’ll get 5% and 2% back on the first $25,000 you spend at each of those rates. If you’re going to spend much more than that per year, consider using a different business rewards card (or additional cards).
  • Reach the signup bonus: Be sure to get the introductory bonus: $750 cash bonus for spending $7,500 in the first 3 months after account opening.
  • Give your employees an easy spending method: You can get up to 70 employee cards, all for free. If you need more you may be able to request a split account.
  • Build your business credit: Use this card responsibly, and your positive activity will be reported to several business credit reporting agencies: Dun & Bradstreet, Equifax Business, Experian Business, and Small Business Financial Exchange. This can help improve your business credit scores.

The Rewards

The Ink Business Preferred earns 5% or 2% back in some useful business categories, with annual spending limits. But you can increase your return on spend quite a bit if you have certain other Chase Ultimate Rewards cards — if you move your rewards to one of them, you could redeem for travel or transfer to partner loyalty programs to get a better value.

Earning

Spending Rewards
  • 5% cash back on Lyft rides
  • 5% cash back on up to $25,000 spent per year at:
    • Office supply stores
    • Internet, cable, and phone services
  • 2% cash back on up to $25,000 spent per year at:
    • Gas stations
    • Restaurants
  • 1% cash back on every other purchase
Introductory Bonus Offer
  • $750 cash bonus for spending $7,500 in the first 3 months after account opening

So you’ll be limited in how much cash back you can earn at those rates each year, which isn’t uncommon for rewards cards. In this case, you’ll be able to earn a maximum of $1,250 cash back per year in the 5% categories, and $500 cash back per year in the 2% categories.

After you reach those limits you’ll get 1% back for additional purchases in those categories. If you know that your business will spend more than that each year, you’d probably be better off with a different cash back business card with no spending limits (or use a different card along with this one).

You can earn an unlimited amount of cash back, and it won’t expire as long as your account remains open and in good standing.

Redeeming

The rewards you earn are actually counted as points by Chase, but this is branded as a “cash back” card, and in most cases it’s easiest to just refer to the rewards as cash back.

You’ll have a few different ways to redeem your cash back.

  • Cash back statement credits: This is one of the best options, providing the full value for your cash back.
  • Direct deposit to bank account: Another great option, this lets you simply transfer the full cash value to a linked bank account.
  • Transfer to a different Chase card: Your cash back can be transferred to certain other cards, if they’re part of the Chase Ultimate Rewards program — a great option if you have the right card(s).
  • Gift cards: Gift cards will usually provide less than $1 for every $1 in cash back that you redeem.
  • Ultimate Rewards travel portal: Cash back can be used to pay for travel expenses, but the value you get will vary.
  • Pay with Points with Chase Pay: You can use your points to pay for purchases at certain merchants, like Amazon, but you’ll only get 80 cents per $1 redeemed.

Cash back statement credits and direct deposits are the simplest methods. You can redeem any amount of cash back in this way, at any time.

The other redemption methods will provide a lesser value for your rewards, so you should avoid them — with one exception. You can get the most out of your rewards by transferring them to other Chase cards, but this takes some extra work.

Transferring Rewards to a Different Chase Card

If you have another Chase card in the Ultimate Rewards program, you can transfer the cash back you earn with the Ink Business Cash over to it. Every cent of cash back will be worth 1 point in the Ultimate Rewards program. This could end up giving you a better rewards value overall.

There are three other Chase cards that you can use to get a better value for your cash back, which all provide a bonus when redeeming through Ultimate Rewards:

These cards also allow you to transfer points to a number of traveler loyalty programs at a 1:1 rate, including both airline and hotel partners. You can often get a better value by converting to airline miles or hotel points.

So, the basic strategy here is:

  1. Earn cash back with the Ink Business Cash
  2. Transfer that cash back to one of the three cards above, where it will be counted as Ultimate Rewards points
  3. Redeem your points through Ultimate Rewards to get a point bonus of 25% or 50%, depending on which card you have
  4. Or, transfer your points to an airline or hotel loyalty program where they may be worth more to you

If you put all the rewards you earn through this process, you’ll effectively be getting more than 5% cash back with the Ink Business Cash (when spending in the 5% categories). If you end up getting a 25% point bonus you would get a cash back equivalent of 6.25%. And if you get a 50% point bonus, your cash back equivalent would be 7.5%.

Point transfers at 2 cents per point, for example, would yield a cash back equivalent of 10%!

The Benefits

In many cases some terms and restrictions will apply to your card benefits. Check your Guide to Benefits to learn the exact details.

  • Free employee cards: You can get up to 70 employee cards, and set individual spending limits for them. You’ll earn cash back for all spending on employee cards.
  • Purchase Protection: Eligible purchases are covered for 120 days against damage, theft, or “involuntary and accidental parting with property.” Up to $10,000 per claim is available, and up to $50,000 per account.
  • Extended Warranty Protection: Eligible items with warranties of three years or less can have those warranties extended by an additional year. Up to a maximum of $10,000 is available per claim, and $50,000 per account.
  • Travel and Emergency Assistance Services: Call the number on the back of your card for emergency help of many kinds while traveling. Third-party fees will apply for any services obtained.
  • Auto Rental Collision Damage Waiver: Your eligible rented vehicles are covered against theft and damage, as long as you decline the rental company’s own insurance. You must pay for the entire rental using the Ink Business Cash.
  • Fraud Protection: Real-time fraud monitoring for unauthorized activity
  • Zero Liability Protection: You won’t be held responsible for unauthorized activity on your account.

The Terms & Fees

Purchase APR Balance Transfer APR Cash Advance APR
0% for 12 months, then 13.24% - 19.24% Variable 13.24% - 19.24% Variable 24.99% Variable
Annual Fee Foreign Transaction Fee
$0 3% of each transaction in U.S. dollars
Balance Transfer Fee Cash Advance Fee
Either $5 or 5% of the amount of each transfer, whichever is greater. Either $15 or 5% of the amount of each transaction, whichever is greater.
Penalty APR Late Fee Returned Payment Fee
Up to 29.99% Variable None $39

The terms are pretty simple and straightforward, as far as credit cards go.

No annual fee, and you’ll have 12 months at zero interest for purchases. This is a nice feature for a business card, giving you time to pay off some startup expenses, for example.

After your 0% APR runs out you’ll begin accruing interest at the regular rate. But you can completely avoid being charged interest for your purchases if you pay your balance in full each billing period. Not only will that help you avoid credit card debt, it will also be good for your credit utilization.

The Bottom Line

The Ink Business Cash® Credit Card has some good features for a small business. If you spend a lot on office supplies or phone, internet, or cable TV services, you could stand to earn quite a bit of cash back with this card.

The 5% and 2% bonus categories might be perfect for your business, but there’s a $25,000 yearly limit for each set of categories. That might not be enough for some businesses. So if you’ll spend a lot more than that you should probably go with a card that will provide good rewards for all of your spending, or pick up another card.

The extra benefits are pretty basic, so you should mainly judge this card by the rewards. The 0% intro APR is a nice offer on top of that, giving you a little while to get your funds in order before interest will be charged.

There are quite a few other business credit cards out there, some with annual fees and some without. One of them might fit your business better than the Ink Business Cash, so check some out below.

How to Apply for the Chase Ink Business Cash

You can apply for the Ink Business Cash card securely on Chase’s website. Simply click on any of the “How To Apply” buttons throughout this page, and you’ll be redirected to the credit card issuer’s website.

In many cases applicants can get an instant response, but sometimes it might take longer. In certain cases Chase may request more information to process the application.

Qualifications and Requirements

The following are the qualifications for applying:

  • Must be 18 to apply
  • Personal information: Name, date of birth, Social Security number, U.S. citizenship status, and potentially driver’s license number
  • Address and contact information: Home address, phone number, email address
  • Financial information: Total annual income, monthly mortgage or rent payment
  • Business information: Your business’s legal name and Tax ID number or EIN (Employer Identification Number), annual business revenue/sales, years in business, and the number of employees

Ink Business Cash® Credit Card

Our rating
Min. credit levelExcellent
Details
Annual Fee$0
Regular APR13.24% - 19.24% Variable
Was this helpful?

Alternatives to the Chase Ink Business Cash Card

Ink Business Preferred® Credit Card

Our rating
Min. credit level Excellent
Details
Annual Fee $95
Regular APR 15.99%-20.99% Variable

The Ink Business Preferred® Credit Card (Review) is another offering in Chase’s Ink Business line of cards. This one comes at a price of $95, but more expensive doesn’t always mean better.

The main difference here is the rewards program. This card offers a 25% bonus when redeeming for travel through Chase Ultimate Rewards, along with a great selection of partner loyalty programs that you can transfer points to.

They also have different categories in which you’ll earn rewards, with the Preferred geared more towards the mobile business owner. It also usually has a far greater signup bonus than the Ink Business Cash.

Which card best suits your spending habits?

Spending Rewards
  • 5X Ultimate Rewards points per dollar on Lyft rides
  • 3X Ultimate Rewards points per dollar on the first $150,000 spent per year in combined purchases on:
    • Travel
    • Shipping
    • Internet, cable, and phone services
    • Advertising purchases made with social media sites and search engines
  • 1X Ultimate Rewards point per dollar on all other purchases
Introductory Bonus Offer
  • 100,000 bonus points for spending $15,000 in the first 3 months after account opening

You’ll have four bonus reward categories related to business. Points are typically worth 1 cent, but you’ll get a 25% bonus on eligible travel redemptions through Chase Ultimate Rewards, bringing that to 1.25 cents. That means you’ll be getting a cash back equivalent of 3.75% for the 3X bonus categories. Eligible redemptions include flights, hotels, car rentals, vacation packages, and cruises.

You can also transfer the points you earn to a variety of frequent traveler programs at a 1:1 rate. This could potentially let you get a better value for them, but the value of your points can vary quite a bit depending on the deal you get. Many airline mile and hotel point-programs are available, like United MileagePlus, Southwest Airlines Rapid Rewards, Marriott Bonvoy, and IHG Rewards Club.

  • Free employee cards: You can get up to 70 employee cards, and set individual spending limits for them. You’ll earn points for all spending on employee cards.
  • Purchase Protection: Eligible purchases are covered for 120 days against damage, theft, or “involuntary and accidental parting with property.” Up to $10,000 per claim is available, and up to $50,000 per account.
  • Extended Warranty Protection: Eligible items with warranties of three years or less can have those warranties extended by an additional year. Up to a maximum of $10,000 is available per claim, and $50,000 per account.
  • Travel and Emergency Assistance Services: Call the number on the back of your card for emergency help of many kinds while traveling. Third-party fees will apply for any services obtained.
  • Auto Rental Collision Damage Waiver: Your eligible rental cars are covered (with primary coverage!) against theft and damage, as long as you decline the rental company’s own insurance.
  • Purchase and Balance Transfer APR: 15.99%-20.99% Variable
  • No foreign transaction fee
  • Annual fee: $95

American Express® Business Gold Card

Our rating
Min. credit level Good
Details
(Rates & Fees)
Annual Fee $295
Regular APR 14.24% - 22.24% Variable

The American Express® Business Gold Card (Review) has a $295 annual fee. That’s a lot more than the Ink Business Cash, but for that you get flexible bonus categories that adjust to match your spending.

One of the main differences here is that you’ll earn 4X points in two categories that your business spends the most in each month, as opposed to the Ink Business Cash’s offering of 5% cash back in set-in-stone categories. This is a handy feature because it adapts to fit the changing needs of your business throughout the year.

The Amex card’s categories are different but they might be equally useful, depending on your business needs. If you spend a lot on travel, the Amex card has more categories for you. It also includes certain hardware, software, and cloud computing services, which could be an important factor to consider.

The Chase card has a less impressive set of benefits, mostly just sticking with the basics. Its employee cards are free, while the Business Gold’s first employee card costs $50 per year; subsequent employee cards are free.

To choose between the two cards, you’ll have to take a close look at your spending habits and see which card plays to that more closely.

Spending Rewards
  • 4X Membership Rewards points per dollar in the two categories you spend the most in each month, up to $150,000 per year (then 1X):
    • Airfare purchased directly from airlines
    • U.S. purchases for advertising in select media
    • U.S. computer hardware, software, and cloud computing purchases made directly from select providers
    • U.S. purchases for shipping
    • U.S. purchases at gas stations
    • U.S. purchases at restaurants
  • 1X Membership Rewards point per dollar on all other purchases
Introductory Bonus Offer
  • 35,000 bonus points for spending $5,000 in the first 3 months
  • 25% airline bonus: Book eligible airfare with Membership Rewards points to get 25% of your points back.
  • The Hotel Collection: Cardholders can receive a credit for up to $100 per stay to cover eligible expenses at hotels when booking through this service.
  • Lowest Hotel Rates Guarantee: If you book an eligible prepaid hotel room through Amex Travel and then find the same room being advertised online for a lower price, you can be refunded for the difference.
  • Amex Offers: You’ll have access to discounts at a wide variety of merchants — currently there are about 80 different offers available, and the selection changes now and then.
  • Tier One program: Some businesses will be eligible for the Tier One program from American Express. This comes with benefits that are “designed to streamline and enhance the business’s experience with American Express.”
  • Entertainment Access: Also called Membership Experiences, this provides pre-sale tickets to a variety of sports, music, and cultural events, as well as access to certain exclusive experiences.
  • Employee cards: You can get up to 99 employee cards; the first employee card costs $50, and after that they’re free.
  • Purchase APR: 14.24% - 22.24% Variable
  • No foreign transaction fee
  • Annual fee: $295

The information related to American Express® Business Gold Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® Spark® Cash for Business

Our rating
Min. credit level Excellent
Details
Annual Fee $0 intro for first year; $95 after that
Regular APR 18.49% Variable
Apply Now

securely on the issuer's website

The Capital One® Spark® Cash for Business (Review) features a somewhat different rewards program than the other alternatives. It also has an annual fee of $95, but it’s waived for your first year.

There are no categories to keep track of with this card. Instead, you’ll earn 2% cash back on every purchase you make. That provides a simpler earning experience opposed to the specific categories, and earning cap, you’ll get with the Ink Business Cash.

But to maximize your return on spend you could use both cards. Pay with the Ink Business Cash whenever you’ll earn 5% or 2% back, and then use the Spark Cash for every other purchase. If you go over the $25,000 limits with the Chase card, you can use the Spark Cash to get 2% for every purchase. This will ensure you always get at least 2% back.

There’s another card in the Spark line that’s worth mentioning, the Capital One Spark Cash Select for Business (Review). This is less expensive at no annual fee, but the rewards are reduced as well.

Spending Rewards
  • 2% cash back on every purchase
Introductory Bonus Offer
  • $500 cash bonus for spending $4,500 in the first 3 months
  • Mastercard Concierge: Call for all sorts of non-emergency help, like making dining reservations and finding relevant travel information.
  • Shopping and travel protections: Purchase Security, Price Protection, Cell Phone Protection, MasterRental Insurance Coverage, Lost Luggage Reimbursement, and more
  • Purchase and Balance Transfer APR: 18.49% Variable
  • No foreign transaction fee
  • Annual fee: $0 intro for first year; $95 after that

The information related to Capital One® Spark® Cash for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

If you have the Chase Ink Business Cash Card, how do you like using it? Let us know in the comments below!

For more business cards with great rewards and benefits, see our choices for the Best Credit and Charge Cards for Small Businesses and Startups.

For rates and fees of the American Express® Business Gold Card, please click here.

At a glance

The Chase Ink Business Cash provides business owners with a decent benefits package and gets 5% cash back on Lyft rides, office supplies, and certain business services. It also earns 2% at gas stations and restaurants, and a 1% on everything else. There are $25,000 annual earning caps on the 5% and 2% categories, however.

Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.

The information related to American Express® Business Gold Card and Capital One® Spark® Cash for Business have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.

Do you have a correction, tip, or suggestion for a new post? Contact us here.

The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered.