The Ink Business Cash℠ Credit Card is an old favorite of ours in the Ink business card lineup.
And with the increased $500 (50,000 Chase Ultimate Rewards points) sign-up bonus after meeting minimum spending requirements on the Ink Business Cash, it’s a perfect time to add this card to your wallet.
But there are even more compelling reasons for any small business owner to consider this card.
With no annual fee, the largest sign-up bonus I’ve ever seen, and a slew of benefits, here are 7 reasons we like the Ink Business Cash!
Why We Like the Ink Business Cash
Apply Here: Chase Ink Business Cash Credit Card
Our Review of the Chase Ink Business Cash
Note: If you’ve opened 5+ cards from any bank (NOT counting Chase business cards and these other business cards) in the past 24 months, it’s unlikely you’ll be approved for the Ink Business Cash.
1. Welcome Bonus
The Ink Business Cash is currently offering a massive sign-up bonus of $500 (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases in the first 3 months of account opening. For a no-annual-fee business card, this is an incredible deal!
2. No Annual Fee
For folks who hold many credit cards or small business owners looking for their first card, having no annual fee is amazing! Annual fees can often be worth it if you’ll get good value from a card’s perks, but having no annual fee is even better!
You can keep this card year after year and enjoy the benefits without having to worry about paying anything extra.
3. Purchase Protection & Extended Warranty
Purchase Protection and Extended Warranty are complimentary benefits that come with eligible purchases when you use your Ink Business Cash.
Purchase protection covers you in the event of damage or theft for up to 120 days after purchase. This coverage will replace, repair, or reimburse you up to a maximum of $10,000 for each claim and up to $50,000 total for your account.
Gifted items receive purchase protection too! It feels like my family has birthdays all year long, so I always make sure I purchase their gifts with a Chase branded card to ensure I get purchase protection. You also receive purchase protection for purchases you make using your Chase Ultimate Rewards points!
Extended warranty extends the manufacturer’s warranty on qualifying products by 1 year on eligible warranties of 3 years or less.
The best part of this, is that you only have to charge some portion of the item’s purchase to your Ink Business Cash! You can also use rewards points earned from your card toward the purchase to receive this benefit.
With this coverage, you’ll get an additional year of warranty on eligible warranties of 3 years or less, up to a maximum of $10,000 per claim, and a maximum of $50,000 per account.
You can find additional information on these benefits here.
4. Primary Business Rental Coverage
The Ink Business Cash offers primary car rental insurance for business purposes. This only includes coverage on your rental vehicle, NOT damage to other vehicles or injuries. To be eligible, you must decline the rental car company’s collision coverage. If damage or theft occurs, you must notify the Chase within 60 days to receive this benefit.
5. It’s Relatively Easy to Qualify for the Ink Business Cash
This is a small business card, so you’ll need to be a business owner to qualify. BUT you might have a small business without realizing it! If you earn income for performing a service, or selling goods (Uber driver, Etsy merchant, eBay seller, etc.), you could have a small business.
Chase business credit cards will not show up on your personal credit report and do not count towards Chase’s limit of opening 5 new cards within 24 months.
6. Bonus Categories
Expect to earn a solid 5% cash back (5X Chase Ultimate Rewards points per $1) at office supply stores and on phone, internet and cable TV services purchases. You’ll be hard pressed to find another no-annual-fee card that offers this type of earning potential.
You’ll earn 5% cash back up to $25,000 spent in combined purchases each account anniversary year.
Million Mile Secrets team member Scott has kept his Ink Business Cash for many years. He loves using it to earn 5X points on his internet bill. And to earn 2X points on business meals. He then moves those points to his Chase Sapphire Preferred. Because the Chase Sapphire Preferred enables him to transfer Chase points to airline and hotel partners. Typically he transfers to Hyatt for luxury hotel stays and to United Airlines to fly to Europe.
This lead us to our final reason we like the Ink Business Cash…
7. Combine Points With Other Cards for Much More Value
On their own, points earned on the Ink Business Cash are worth 1 cent each. But if you have any of the below Chase Ultimate Rewards point earning credit cards, you can get significantly more value:
- Chase Sapphire Preferred® Card: Points are worth 1.25 cents each, making the sign-up bonus worth $625
- Chase Sapphire Reserve®: Points are worth 1.5 cents each, making the sign-up bonus worth $750
- Ink Business Preferred℠ Credit Card: Points are worth 1.25 cents each, making the sign-up bonus worth $625
Many folks pair their Ink Business Cash with the Chase Sapphire Preferred (our favorite card for beginners). When you transfer your points linked to your Ink Business Cash to the Sapphire Preferred, they’ll increase in value from 1 cent each to 1.25 cents each towards travel booked through the Chase Ultimate Rewards Travel Portal! The same is true if you move your points to the Chase Ink Business Preferred.
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Even better, if you have the Chase Sapphire Reserve, you can combine your points to that card and they’ll be worth 1.5 cents each towards paid travel through the portal.
Combining your points with one of the premium cards above easily increases your earned sign-up bonus to at least $625. If you don’t have one of these premium cards already, you could view the increased value as a way of offsetting the annual fee the premium cards carry.
And for even more value, if you move your points to one of the cards mentioned above, you’ll be able to transfer them to Chase’s excellent travel partners, like United Airlines, Singapore Airlines, and Hyatt!
Should You Apply for the Ink Business Cash?
You have to have some type of business to apply for the Ink Business Cash. However, you business doesn’t have to be large to be eligible for a business card. Things like freelancing, selling items through eBay and Etsy, or running a local landscaping operation could be eligible businesses!
The Ink Business Cash and the Ink Business Unlimited are similar entry-level no-annual-fee business credit cards. Take a look at a side-by-side comparison of the Ink business credit cards to see which one would suit your business needs best.
This card should not be used for foreign business operations or overseas travel, because the Ink Business Cash charges foreign transaction fees.
Bottom Line
The Chase Ink Business Cash is currently offering a sign-up bonus of $500 (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases within the first 3 months of account opening. That’s the highest public sign-up bonus ever for this card!
There are many reasons a small business owner would like the Ink Business Cash! It has no annual fee, 5% back (5X Chase Ultimate Rewards points per $1) on certain categories, auto rental coverage, purchase protection, and more!
Remember, it’s relatively easy to qualify for a business credit card. You could be eligible if you drive for Uber or sell items on eBay in your spare time. You don’t need a multi-million dollar corporation!