Ink Business Cash Credit Card Review for Small Business - Fora Financial
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Ink Business Cash Credit Card Review for Small Business
November 15, 2019
Ink Business Credit Card Review

Ink Business Cash Credit Card Review for Small Business

The Ink Business Cash Card is a great option for small businesses that need help managing irregular cash flow.

The card comes with a 0% introductory APR and a $500 cash bonus for signing up. There’s no annual fee, and you can earn cash back rewards on daily business expenses. 

The Ink Business Cash Credit Card won’t be the right choice for everyone. If you spend more than $25,000 a year, you can probably find better rewards with another card. But it’s an excellent choice for small businesses with low spending and travel needs.  

About the Ink Business Cash Credit Card

The Ink Business Cash Card gives small businesses a way to manage cash flow while earning rewards for everyday business expenses. Unlike many business credit cards, there’s no annual fee.

When you sign up, you’ll receive a 0% introductory APR for the first year. After that, you’ll receive a variable APR between 14.99% and 20.99%. 

In addition, customers that spend $3,000 within the first three months of account opening will earn $500 bonus cash. Plus, you’ll earn 5% cash back on the first $25,000 spent at office supply stores and on internet, cable, or phone services.

With this card, you’ll earn 2% cash back for the first $25,000 you spend on purchases at gas stations and restaurants. Plus, you’ll receive an unlimited 1% cash back on all other purchases. 

Benefits and Rewards with Ink Business Cash

If you’re looking for a way to manage cash flow and earn cashback rewards, the Chase Ink Business Cash Card is a great option. Here is an overview of the benefits and rewards you’ll receive as a Chase customer:

  • $0 annual fee
  • 0% introductory APR for the first 12 months
  • $500 cash back bonus for customers that spend $3,000 on purchases within three months of opening the account.
  • 5% cash back for the first $25,000 spent on combined purchases on office supplies, internet, cable, and phone services per year.
  • 2% cash back for the first $25,000 spent on combined purchases at gas stations and restaurants per year.
  • Earn unlimited 1% cash back rewards on all other purchases.  
  • Employers can receive up to 70 employee cards for free.

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Pros and Cons

The Chase Ink Business Cash Card won’t be the right option for everyone. Listed below are some of the biggest advantages and disadvantages to consider before applying for the card.

Pros of the Ink Business Cash Credit Card

  • Generous signup bonus: The signup bonus alone makes this credit card a tempting offer. You’ll earn $500 cash back if you spend at least $3,000 within three months of opening the card. 
  • 0% introductory APR: The card comes with a 0% APR for the first 12 months, so you won’t rack up interest charges if you can’t pay the balance off right away.
  • Earn thousands of dollars in cash back rewards: If you spend $25,000 a year on office supplies, internet, cable, or phone services, you could earn $1,250 cash back. And if you spend $25,000 a year at gas stations or restaurants, you could receive an additional $500.
  • Not to mention, you’ll receive unlimited 1% cash back rewards on all remaining purchases. That’s thousands of dollars you can earn every year in cash back rewards on expenses you would have made anyway.
  • No annual fee: Many business credit cards come with hefty annual fees, but that’s not the case with this card. You’ll earn valuable cash back rewards, with no fee required. 

Payment Restaurant Credit Card

Cons of the Ink Business Cash Credit Card

  • Limited cash back savings: Your 5% and 2% cash back rewards are capped at $25,000 per year. A cap isn’t unusual for a credit card, but if you spend more than that, you may be able to earn better rewards with another credit card.
  • Spending categories restriction: With the Ink Business Cash Card, you’ll earn the highest rewards if you spend a lot of money on office supplies, phone, cable, internet services, restaurants, and gas stations. However, if you don’t spend a lot of money in these areas, your rewards will be minimal.
  • Charges foreign transaction fees: This card won’t be the right choice if you regularly travel abroad because it comes with a 3% foreign transaction fee, which is much higher than what other cards come with.
  • Excellent credit required: You’ll need excellent credit to qualify for this card. 

Alternative Small Business Credit Cards

Our Verdict

If you have low business expenses and don’t spend a lot of time traveling, the Ink Business Cash Card could be a good option for you. It’ll help you manage cash flow, earn generous rewards, and avoid paying an annual fee. Plus, you’ll receive a 0% APR for the first 12 months, which can save you a lot of money in interest. 



Frequently Asked Questions

How does the Ink Business Cash Card work?

This card is a good option for businesses that spend $25,000 a year on business expenses and spend very little time traveling. The card comes with a 0% introductory APR, generous signup bonus, and ongoing cash back rewards. 

How can I make the most of this card?

The first step is to make sure you receive the $500 signup bonus. You can do this by spending at least $3,000 within the first three months of opening the card. And to maximize your cash back benefits, make sure you use the card for business expenses, at restaurants, and gas stations. 

Who should avoid using this card?

If you spend more than $25,000 a year on business expenses, then you can probably find better rewards with another card. And if you regularly travel abroad for business, you’ll want to avoid this card since it charges a 3% foreign transaction fee. 

Are there any alternatives to the Chase Ink Business Cash Card?

Yes, the Ink Business Preferred Credit Card, Capital One Spark Cash for Business Card, and American Express Business Gold Card are all good alternatives. 

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Fora Financial is a working capital provider to small business owners nationwide. In addition, the Fora Financial team provides educational information to the small business community through their blog, which covers topics such as business financing, marketing, technology, and much more. If you’d like to see a topic covered on the Fora Financial blog, or want to submit a guest post, please email us at [email protected].