Credit Cards

Chase Ink Business Cash Card Latest Review

Last updated: April 07,2021
Originally Published: March 27,2020
by Jameson Lamie

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The Chase Ink Business Cash card is often mentioned in the credit card community. Why? Because most business cards come with annual fees and the Chase Ink is a no-annual-fee card so businesses can save up a lot on expenses while earning cashback at the same time.

It’s one of those small business cards that lets you earn cashback on expenses like office supplies, internet, cable, ride-hailing services, gas stations, and restaurants. With ZERO annual fees and maximum point earnings at 5%, it is no doubt one of the best starter credit cards for business owners.

The Chase Ink Business Cash credit card is one of the best cards for small businesses

Chase Ink Business Cash Card Points System

The Chase Ink Business Cash card has two cashback categories: 5% and 2%. Each category has a maximum spend of $25,000, and once you reach the threshold, cashback rates will be 1% for all purchases.

The 5% cashback categories include:

  • Office Supplies – You can earn 5% cashback on office supply stores like OfficeMax and Staples. An added benefit is a lot of these stores also sell other items like snacks and gift cards. 
  • Internet, Cable, and Phone Services – This category does not include hardware expenses but only mobile plans, internet services, and cable bills.
  • Lyft Rides – Chase Ink also allows cardholders to get 5% cashback on Lyft Rides, knowing a lot of businesses use ride-hailing services.

The 2% cashback category includes:

  • Gas Stations – Cardholders can earn 2% cashback at all gas stations. This is not exclusive to gasoline purchases; Snacks, beverages, car washes, and other items or services can earn you points as long as you don’t use third-party payment services.
  • Restaurants – Whether it’s a fast-food restaurant or a fancy one, you earn cashback when you have company expenses at restaurants.

Other Notable Benefits

The Chase Ink Business Cash points system is pretty rewarding especially since there’s no annual fee – and believe it or not, there’s more! Chase Ink Business cardholders can also benefit from:

  • $750 Welcome Bonus – You can earn $750 automatically once you spend a minimum of $7500 in your first three months as a cardholder.
  • Non-expiring Points – All the cashback you earn will not expire and will roll over to the next calendar year. There’s no pressure of redeeming your points right away.
  • 0% Intro APR – You can have 0% APR in your first year. This feature is perfect for business owners so they can get a head start in paying off balances.
  • Free Employee Cards – You can have 70 free employee cards with each having its own spending limits.
  • Improve Your Credit Score – Dun & Bradstreet will monitor your spending activity with the Chase Ink Business cash card. This will build your credit when they see you have positive spending activity.

Chase Ink Business Cash Drawbacks

Not every card is perfect, so we’ve listed a few drawbacks this card has.

  • $25,000 Spending Cap – If you’re a big corporation who spends more than $25,000, it doesn’t make sense to get Chase Ink.
  • Foreign Transaction Fees Apply – A 3% foreign transaction fee applies on top of every transaction made for items or services you’ve paid for abroad.

Chase Ink Business Cash VS Ink Business Preferred

The Ink Business Cash and Ink Business Preferred are two of the most popular business credit cards in the Chase line. The major differences between the two cards are their features such as the annual fees, welcome bonus, and rewards structure.

The Ink Business Cash has a welcome bonus of $750 and it’s marketed as a cashback card with zero annual fees. Cardholders earn 5% on office supply stores, internet, cable, and phone services; 2% on gas stations and restaurants. Meanwhile, the Ink Business Preferred is marketed as a points card with a $95 annual fee where cardholders can earn 3 points per dollar on travel and business expenses.

Deciding which card is better would depend on your spending habits because picking the right card that matches your spending habits would greatly maximize your points or cashback earnings.

Read More: Best Credit Card for Businesses – Chase Ink Business Preferred Card Review

Tips From Points Panda:

Chase Ink is a great cashback card for small business owners who often spend on the cashback categories mentioned above. And by small business owners, we mean people who won’t spend more than $25,000 in a calendar year.

We recommend you maximize your spending budget on the 5% categories first so you’ll get the most out of the cashback points.

We don’t recommend this card for business owners who often travel abroad since you will incur foreign transaction fees. Other business credit cards don’t have international fees such as the Amex Delta Reserve for Business.

Welcome Offer: 100,000 Membership Reward Points after spending $6,000 in the first 6 months of your membership when you sign up for the New American Express Platinum

Special Bonus: Earn 10x on restaurant spend worldwide in the first 6 months of your membership, up to 225,000 additional points, this is in additional to the record high welcome bonus.

Every traveler should have this card in their wallet, and the welcome offer of 100k is the highest offer Points Panda has seen in many years!

Annual Fee: $695

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Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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