Chase Ink Business Cash Review

Chase Ink Business Cash Review Summary

The Ink Business Cash® Credit Card is a good credit card that’s worthwhile for a business owner with a good credit score whose biggest expense categories include office supply stores, gas stations and restaurants, along with internet, cable and phone services. Chase Ink Cash gives bonus rewards in those categories, and it has a $0 annual fee. You can also earn an initial bonus of $900 for spending $6,000 in the first 3 months.

On the other hand, this might not be the card for you if your credit score is below 700, if you won’t earn bonus rewards on your biggest expenses, or you plan to use the card for financing that will take longer than 12 months to repay. You can find more details below.

Chase Ink Business Cash Highlights

$900 initial bonus

If you expect to spend at least $6,000 in the next 3 months anyway, why not save $900 in the process? That’s exactly what Chase Ink Cash is offering. The bonus rewards will be credited to your account within 6-8 weeks after you hit the required spending threshold.

For comparison, the average initial bonus among cash back credit card offers right now is only $230.

5% cash back on office supplies and telecom

Chase Ink Cash gives 5% cash back on the first $25,000 that you spend each year at office supply stores and through cable, phone and internet service providers. Once you cross $25,000 in combined purchases, you will earn 1% cash back in these categories for the rest of the year.

So, double-check your budget. How well your spending habits match up with this part of the Ink Cash offer will go a long way toward determining whether it’s the right card for you.

2% cash back at gas stations and restaurants

Ink Cash rewards cardholders with 2% cash back on their first $25,000 spent per year at gas stations and restaurants combined. That’s almost twice as much as the average rewards card will give you, and you can save as much as $500 per year before the Ink Cash Card’s base rewards rate takes over.

$0 annual fee

Business credit cards with rewards often charge expensive annual fees, but Chase Ink Cash has a $0 annual fee. As a result, you won’t have to earn a certain amount in rewards each year just to break even. The rewards you earn will be pure savings, assuming you don’t rack up interest charges.

0% intro APR

Chase Ink Cash gives new cardholders a 0% introductory APR on new purchases for 12 months. That could save you a lot on interest if you need to carry a balance from month to month temporarily. It shouldn’t be the deciding factor in your decision to apply, however. Hundreds of credit cards offer 0% intro APRs for at least as long.

Chase Ink Business Cash Lowlights

17.49% - 23.49% (V) APR

The Chase Ink Cash APR is 17.49% - 23.49% (V), depending on your overall creditworthiness when you apply. This rate, which is about average for a business credit card, will apply to any balance remaining after the card’s introductory APR offers expire.

You can avoid interest entirely by paying the Ink Cash Card’s statement balance in full by the due date every month.

5% balance transfer fee

Transferring a balance to Ink Cash is an expensive proposition. For starters, you’re facing a higher-than-average balance transfer fee. Plus, there’s no 0% APR offer.

You can use WalletHub’s balance transfer calculator to compare the cost of a Chase Ink transfer to the best balance transfer credit cards available.

3% foreign transaction fee

Any international purchase charged to Chase Ink Cash will incur a 3% surcharge. So, if you plan to travel abroad or make purchases from foreign merchants online, you should use a business credit card with no foreign transaction fees instead.

Other Things to Consider About Chase Ink Business Cash

1% cash back on non-bonus spending

Purchases that don’t qualify for the Ink Cash Card’s bonus rewards categories will produce just 1% cash back. For context, the average cash back credit card gives 1.12% back. With that in mind, you may want another elite rewards card to fill in the gaps.

Good credit required

The Chase Ink Cash credit score requirement is 700+ for good approval odds. Even though it’s a business credit card, your personal credit is what matters most because you have to personally guarantee that you’ll repay any balance.

You can check your credit score for free on WalletHub before you apply.

Chase Ink Business Cash vs. The Competition