Is Ink Business Cash a cash back credit card?

The easiest way you can redeem Chase rewards is online, but you can also do that over the phone at (800) 432-3117. You can redeem Chase rewards for gift cards, travel, statement credits and cash. Chase points are generally worth 1 cent each, regardless of what they’re redeemed for. If you’re redeeming for cash, you can also go to a ... read full answerChase branch. You’ll get your money as a statement credit or as an electronic deposit to the bank account of your choice.

Here’s how to redeem Chase rewards:

• Online: For online redemption, log in to your Chase account and go to the Chase rewards portal. From there, you’ll be able to book trips, buy gift cards, request statement credits, etc.
• By phone: To redeem by phone, call Chase customer service at (800) 432-3117. Enter your account number to connect to a customer service representative. State that you want to redeem rewards.
• At a Chase branch: You can request a statement credit or bank account deposit in exchange for your Chase rewards at any Chase branch. You just need your account number and a picture ID. But you won’t actually get cold hard cash on the spot.

Different Chase cards have different rewards programs. One card might give you the most rewards for travel, another for everyday purchases. So, you’ll want to pick a card with a reward structure that matches your lifestyle.

For all Chase cards in the Ultimate Rewards program, except Chase Freedom Flex℠ and Chase Freedom Unlimited®, you can also transfer Chase points to 14 airline and hotel loyalty programs at a 1:1 ratio. Whether or not that’s a good deal depends on the value of the loyalty program’s miles. Chase travel partners include United, British Airways, Southwest, IHG, Marriott and others.

The best Chase Ink benefits are a bonus of up to 100,000 points for spending $15,000 in the first 3 months, up to 5% cash back on purchases, and free employee cards. Other top Chase Ink benefits include referral bonuses, purchase protection, extended warranties on purchases, and travel insurance coverage.

There are four Chase Ink business cards, three of which are available to new applicants:... read full answer

The fourth Chase Ink business card, the Ink Plus® Business Credit Card, isn’t offered anymore. But all benefits still apply to current cardholders. Some Chase Ink benefits are available on all cards, while others are limited to one, like Chase Ink Preferred’s $0 foreign transaction fee.

Here are the best Chase Ink Card benefits:

• Bonus Rewards:
  Chase Ink Preferred offers 100,000 points for spending $15,000 in the first 3 months.
  
  The Ink Business Premier card gives 100,000 points for spending $15,000 in the first 3 months.
  
  The Ink Cash and Chase Ink Business Unlimited cards offer $750 cash back for spending $6,000 in the first 3 months. Ink Business cards also give up to 5% back on some purchases, depending on the card.
• Purchase Protection:
  Covers eligible purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Applies to all cards.
• Extended Warranty:
  Matches an item’s original warranty up to one extra year on all eligible warranties of three years or less. Covers up to a maximum $10,000 per claim and $50,000 per account. Applies to all cards.
• Car Rental Collision Damage Waiver:
  Coverage up to the cash value of the vehicle for theft and collision damage. Must decline the rental agency’s collision insurance and charge the entire rental to the Ink Business card. Applies to all cards.
• Trip Cancellation/Interruption Insurance:
  Provides coverage if a trip is cancelled or cut short by sickness or severe weather. Reimbursement is up to $5,000 per person and $10,000 per trip for pre-paid, non-refundable travel expenses, including passenger fares and hotels. Available on the Chase Ink Preferred and the Ink Business Premier cards.
• Cell Phone Insurance:
  Covers theft of or damage to the cardholder’s (and authorized employees’) phones up to $1,000 if they pay their cell phone bill with their card. There is a maximum of 3 claims in a 12-month period with a $100 deductible each time. Available on the Chase Ink Preferred and the Ink Business Premier cards.
• Bonus Points for Referrals:
  The Ink Business cards offer 20,000 bonus points for business owners approved for the card using your referral link. There’s a limit of five referrals and 100,000 bonus points every calendar year.
• Best Card for Chase Ink Benefits:
  Chase Ink Preferred and Ink Business Premier.

The Chase Ink Preferred and Ink Business Premier cards provide the best initial bonus and a wider array of benefits compared to the other Chase Ink cards. Also, people who travel abroad will save money on international purchases since the cards have a $0 foreign transaction fee. Plus, like all Chase Ink cards, these cards offer up to 70 free employee cards.

But, as is the case with any business or travel card, make sure all the rewards outweigh the cost of any fees or interest charges before applying.

Cash back is a benefit that gets you a discount for certain purchases. In the context of credit cards, cash back is a type of credit card rewards. You can earn cash back through signup bonuses for meeting certain spending requirements, or through ongoing rewards, as a percentage of the amount spent on qualifying purchases. Some credit cards also offer cash back anniversary bonuses in the form of statement credit for qualifying purchases.... read full answer

Cash back credit cards make for a great addition to anyone’s wallet because they provide a straightforward earning and redemption mechanism in a currency that cannot be devalued by a credit card company. The best cash back credit cards tend to be those that keep things simple by providing attractive flat earning rates across all purchases, or those that offer higher rates in your biggest spending categories. Cash back credit card rewards can usually be redeemed for statement credits, bank account deposits or paper checks, depending on the credit card company.

Other types of cash back

Some also think of getting cash from a credit card's credit line, like withdrawing cash from an ATM, as cash back. This type of transaction is considered a cash advance and should be avoided. Cash advances are extremely expensive transactions that are subject to fees and a cash advance APR that applies immediately, with no grace period.

Aside from credit card rewards and cash advances, cash back could also refer to money that you get at a store register when you’re checking out. But you can pretty much only do this when using a debit card to pay. The money is added to your purchase amount and debited from your bank account. Some stores have a limit on the amount too and not every store will let you do it.

Some car dealerships offer “cash back” when you’re buying a car, too. It’s basically just a rebate on the car. You can usually get it as a check or as a discount on your down payment.