Chase Ink Business Cash℠ Credit Card Review

By Christina Majaski. Last updated 17 May 2017. 0 comments

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In addition to a variety of highly-rated consumer credit cards, Chase also offers popular business credit cards. If you're a small business owner looking for a way to easily earn cash back on business-related purchases, the Chase Ink BusinessSM Cash Credit Card may be the card for you. (See also: The 5 Best Credit Cards for Small Businesses)

How This Card Works

This card offers 5% cash back on office supply store purchases, cellular phone, landline, internet, and cable TV services on up to $25,000 in combined purchases every year. You can also earn 2% cash back at gas stations and restaurants on up $25,000 in combined purchases each year, and 1% cash back on all other purchases made with the card. You'll earn 1% cash back after you reach the $25,000 limit each year. 

Bonus offer: Earn $300 bonus cash back after spending $3,000 on purchases in the first three months after account opening. 

This card awards cash back in the form of points with one point being equal to one cent. You can redeem your points for cash for statement credit or electronic deposit into a checking or savings account. You can also redeem for travel or gift cards through Chase Ultimate Rewards. 

Other Benefits

Free employee cards. Earn more cash back by providing your employees their own cards.

Ink App. As a cardmember, you'll receive access to the Ink App, which allows you to track your purchases and your employees' purchases. You can also access reports and snap photographs, save, and download receipts for convenient organization of business expenses. The Ink App also lets you tag purchases with customizable categories, making end of the year accounting simpler.

Costs

  • $0 Annual Fee
  • APR: 13.99%-19.99% variable APR (0% intro APR on purchases and balance transfers for the first 12 months)
  • 5% Balance Transfer Fee ($5 minimum)
  • 3% Foreign Transaction Fee

Pros

Bonus offer. If you spend $3,000 with your card within the first three months of opening the account, you can receive a bonus worth $300. This bonus is one of the most valuable cash rewards offered with a credit card, especially among those without annual fees. (See also: 5 Best Credit Cards That Offer Bonus Cash for Sign Up)

0% introductory APR. If you need to transfer a balance from a high APR card or make a large purchase to get your business going, you'll have 12 months to pay down the balance without the added expense of interest with this card. The introductory APR not only saves you money but is also one of the longest introductory periods for both balance transfers and purchases being offered by business credit cards. (See also: The 5 Best Credit Cards with 0% Intro APR)

5% cash back on business purchases. You can earn as much as 5% cash back in a broad range of business-related expenses, which can help cut the costs in those categories. Business credit cards offering 5% cash back on office supply purchases specifically are limited. (See also: The 5 Best Credit Cards for Office Supply Purchases)

Cons

Cap of $25,000 on bonus categories. If your expenses in either the 5% or 2% categories total more than $25,000 per anniversary year, those purchases will only earn 1% cash back once you reach the cap. (See also: The 5 Best Cash Back Credit Cards)

Foreign transaction fee. If the majority of your business expenses are foreign transactions or if your business requires traveling abroad, those purchases will incur a fee of 3%, which cancels out a large amount of the rewards you earn. If your expenses are primarily international, you should instead consider a business credit card that does not charge foreign transaction fees. (See also: The 5 Best Credit Cards with No Foreign Transaction Fees)

High balance transfer fee. Most credit cards charge a balance transfer fee of 3%. This card has a 5% fee. Depending on the interest you're currently paying, and other options you might have for transferring a balance at 0% APR, this might not be the best card for that. (See also: Best Cards with $0 Balance Transfer Fee)

Who This Card Is Best For

The Chase Ink Business Cash Credit Card is best for small business owners who spend less than $25,000 per year in office supply store, cable, internet, cell phone, gas, or restaurant purchases in order to earn the most cash back. This card is also best for those whose business expenses are more office related rather than travel related and are primarily domestic purchases, and it can be especially ideal for those who are just getting their businesses going or plan on a large purchase right away thanks to the card's sign-up bonus and introductory APR offers.

The information related to Chase Ink Business Cash credit card has been collected by Wise Bread and has not been reviewed or provided by the issuer of this card.

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