The Ink Business Cash® credit card can be a lucrative card for small business owners who spend a lot in its main bonus categories and want a card with an annual fee of $ 0. And it welcomes new cardholders with a generous sign-up bonus.
But its most lucrative rewards are capped, hurting the big spenders. And while its other rewards and features are decent, better options exist for heavy travelers willing to pay an annual fee.
The Ink Business Cash® credit card is a capable cash back rewards card, but some business owners will find a better solution elsewhere, even among other Chase business credit cards.
Ink Business Cash® credit card: Bases
Registration bonus: Earn $ 750 in cash bonus after spending $ 7,500 on purchases in the first 3 months after opening the account
5% Cash Back on up to $ 25,000 per year in spending at office supply stores and on cable, Internet and phone service.
2% cash back up to $ 25,000 per year in gas station and restaurant spending.
1% cash back on all other expenses.
Interest rate: Introductory APR of 0% on purchases for 12 months, then ongoing APR from 13.24% to 19.24% variable APR.
Foreign transaction fees: 3%.
Main advantages of Ink Business Cash® credit card
Notable sign-up bonus
The sign-up bonus is sufficient to pay for several client lunches and is particularly generous for a card with an annual membership fee of $ 0.
Bonus rewards in common business categories
The 5% categories are valuable and correspond to typical small business expenses. This is especially good for small spenders who won’t exceed the $ 25,000 reward cap midway through the first quarter. Spending up to this cap earns $ 1,250 per year.
Double cash back at gas stations and restaurants (2% instead of 1%) isn’t special these days, but it’s a nice return if you don’t want to play with other credit cards to earn higher rewards.
An introductory period at 0% APR
These types of offers are missing from many business credit cards, making them a good option for an entrepreneur looking at start-up costs and needing more time to pay.
Pairing with other cards
For more cash back
A common strategy is to use a card like this for its high value expense categories, in this case to get 5% or 2% cash back. Then use another card for anything that outperforms that card’s 1%. You don’t even have to leave the Chase family to do it. The Ink Business Unlimited® credit card offers 1.5% cash back on everything. The extra half percentage point will add up, especially with typical business expenses.
For valuable travel rewards
Typically, Chase Ultimate Rewards® points are worth around 1 cent each. But three Chase cards – the Ink Business Preferred® Credit Card, as well as consumption cards Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® – offer bonuses to this point value if you use your points to book a trip through Chase. With the Ink Business Preferred® Credit Card and the Chase Sapphire Preferred® Card, points are worth 1.25 cents each when redeemed for travel this way. With the Chase Sapphire Reserve®, they are worth 1.5 cents each when redeemed this way.
The Ink Business Cash® credit card is not eligible for these more valuable travel exchanges, but if you also have one of these other three special cards, you can transfer points to that card from your Ink Business Cash® credit card. If you do this and then redeem for a trip, your effective reward rate improves further.
Points on these three special cards can also be transferred at a 1: 1 ratio to other loyalty programs, such as United Airlines, British Airways or Marriott. Potentially, this could earn you an even higher Effective Reward Rate.
Ink Business Cash® credit card: Disadvantages and alternatives
5% of categories that don’t match your business
If your business spends relatively little on office supplies or cable Internet phone service, you’re missing out on the number one reason to use this card for the long term.
Examples of cards with different and simpler rewards, also without annual fees:
Bad choice for traveling abroad
If you are traveling overseas, the 3% foreign transaction fee is punitive. The Capital One Spark Cash Select – $ 500 Cash Bonus has no such fees.
Is the Ink Business Cash® credit card good for you?
The Ink Business Cash® credit card costs nothing to transport. So if your business spends a lot of money on bonus categories, it makes sense to get one, especially with a lucrative signup bonus and the ability to strategically partner with other cards. But if that doesn’t match your business expenses, there are plenty of other great choices.