Chase Ink Business Cash Credit Card Review

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The Chase Ink Business Cash Credit Card is a good choice for business owners who value simplicity when it comes to credit card rewards. Big spenders should be wary of earning limits on popular business expense categories, but the cash-back earning rates are still attractive, especially as this card does not charge an annual fee.

Ink Business Cash℠ Credit Card

overall rating
4.0
Ink Business Cash℠ Credit Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 13.24% - 19.24% variable
Annual Fee $0
Rewards Earning Rate Earn 5% cash back on the first $25,000 in combined purchases at office supply stores and eligible phone and internet services. Earn 2% cash back on the first $25,000 spent in combined gas station and restaurant purchases. Earn 1% cash back on all other purchases.
INTRO PURCHASE APR 0% for 12 Months
Cash Advance APR (%) 24.99%
Cash Advance Fee Either $15 or 5% of the amount of each transaction, whichever is greater.
Ratings Breakdown
for Interest
3.2
for Fees
3.1
for Rewards
3.4
for Credit
2.2
Current Offer

$500 bonus cash back after you spend $3,000 on purchases in the first 3 months.

Who Is This Credit Card Best For?

  • Avatar for Entrepreneur Persona
    Is turning their passion into a money-making venture See more cards
    Entrepreneur
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver
  • Avatar for Road Warrior Persona
    Hits the road often, whether for work or play See more cards
    Road Warrior

This card is for business owners seeking a no-annual-fee card with a high rate of rewards on common business expenses such as office supplies, telecommunications, dining out, and gas. With the right kind of spending, you could earn several thousand dollars in cash back the first year alone. 

Chase Ink Business Cash could also be a good fit if you already have another Chase Ultimate Rewards travel card. Transferring points earned with this card to one of those cards would give you a variety of more valuable ways to use points for travel that you don’t have with this card on its own.

Pros
  • Sizable bonus for new cardholders

  • Superior rewards earning rate on business purchases

  • Competitive 0% purchase APR offer

Cons
  • Earning caps limit your rewards

  • Rewards can’t be directly transferred to partner loyalty programs

  • Foreign transaction fee

Pros Explained

  • Sizable bonus for new cardholders: Compared to other no-annual-fee business credit cards, this has one of the highest new-cardholder bonuses at $500. Right now comparable cards only offer you $200 or $300 for spending a similar amount shortly after opening an account. 
  • Superior rewards earning rate on business purchases: You’ll earn one of the highest cash-back earning rates we’ve seen for a cash-back business card: 5% at office supply stores, and on internet, cable, and phone services (up to $25,000 spent annually). This card offers a decent cash-back earning rate on gas stations and restaurant purchases, too. 
  • Competitive 0% purchase APR offer: If you need to make a large purchase for your business and pay it off over time, the Chase Ink Business Cash Credit Card can save you interest charges for a full year. Compared to other no-annual-fee business cards offering no-interest purchase deals, 12 months is on the longer end of the spectrum.

Cons Explained

  • Earning caps limit your rewards: This card’s top-earning categories limit cash-back rewards to just the first $25,000 on eligible purchases each year. After you hit the spending caps, you’ll only earn 1% on all those common business expenses, gas, and dining out. This can really hinder how much cash back you can earn—especially if your business spends a lot in these areas. 
  • Rewards can’t be directly transferred to partner loyalty programs: While you can use points to book travel through the Chase Ultimate Rewards portal with this card, you can’t transfer your points to Chase airline and hotel partners unless you first transfer them to another Chase travel card connected to the bank rewards program. Point transfers can often boost the value of your rewards so this is inconvenient if that redemption interests you. 
  • Foreign transaction fee: There are more than a dozen similar business cards that don't charge foreign transaction fees, or charge less. If you travel internationally for business or need to purchase from international vendors often, using this card comes with an added cost.

Bonus for New Cardholders

The Chase Ink Business Credit Card’s bonus for new cardholders is generous compared to other similar card offers. You can earn 50,000 points worth $500 by spending $3,000 on your card within three months of account opening. That’s $200-$300 more than what other similar business cards are offering right now. 

Earning Points & Rewards

This card offers a few different reward earning rates, depending on what you spend. The categories can make a lot of sense if your business spending aligns with its bonus categories, too. First, you’ll earn 5% back on up to $25,000 in combined spending at office supply stores and on cable, internet, and phone service purchases each year. You’ll also earn 2% back on up to $25,000 in combined spending at restaurants and gas stations each year, and 1% back on everything else. Note that the cash back will be issued in the form of Ultimate Rewards points.

While this card’s earning “caps” may hinder your rewards game if you spend more than $50,000 across the in bonus categories each year, they may not be a problem if your business expenses aren’t very high. Just something to keep in mind as you weigh your options.

If you max out both of the top-earning categories, you’ll earn $1,750 of cash back plus the $500 new cardholder bonus, for a total of $2,250 cash back. And that’s not factoring in any other purchases that earn 1% back. 

However, this card might not be as useful if you don’t have business lunches, buy gas to meet clients or your connectivity doesn’t add up to much. Only 1% back on other expenses is less than a card offering 1.5% back on all purchases.

As a comparison, a simple card such as the Ink Business Unlimited offers 1.5% back on all purchases with no annual spending limits. With an annual spend of $50,000 across the same categories, that card only provides $750 back the first year, plus a comparable $500 bonus, for a total of $1,250. So managing the Ink Business Cash spending categories can really pay off in the end.

If you use the “Shop Through Chase” portal with this card, you could also earn extra points per $1 spent on software through the Microsoft Store, Norton, AT&T and Lenovo, office furniture from sites like Overstock, and even for your Wall Street Journal subscription.  

Redeeming Rewards

You will track, manage, and redeem your cash back via Chase’s Ultimate Rewards service online. You can redeem your rewards for cash back, or for gift cards, products, and services, or for travel booked through the Ultimate Rewards program. You can redeem for any amount, at any time. Points won’t expire as long as your account is open, either.

With this card, Ultimate Rewards point values are pretty consistent. Using your points for cash back, gift cards, or travel bookings through Chase typically makes them worth 1 cent each. 

How to Get the Most Out of This Card

Besides meeting the required spending to earn the sign-up bonus within the three months. use the card for all your business purchases, especially those that fall into the 5% and 2% bonus-point spending categories. When it comes to using rewards earned with this card, redeeming them for cash back is the easiest way to recoup business costs and makes points worth a solid 1 cent each.

We also recommend pairing this card with a Chase Ultimate Rewards travel credit card (such as the Chase Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred). Chase will let you transfer your Ultimate Rewards points to the other card account, which will then give you extra value when you redeem points through the Chase travel portal.  

Once points are in one of those other card accounts, you can transfer your rewards to partner airlines and hotels. By pairing the Chase Ink Business Cash with one of the Chase travel cards, you keep the easy ways to earn extra points on business purchases with this card, plus gain some better travel redemption options and flexibility. 

Excellent Perks

This card offers several cardholder benefits, one of which the editors of The Balance consider “excellent.”

  • Primary rental car collision insurance: Pay for a rental car with this card to get primary insurance coverage, which kicks in before your own insurance policy does in the event of accident or theft. It’s good for up to the actual cash value of the vehicle, with some limitations.

Other Features

  • Extended warranties
  • Insurance for stolen or damaged purchases
  • Travel and emergency hotline

Customer Experience

Chase earned a rating of “about average” in J.D. Power’s 2019 U.S. Credit Card Satisfaction Study.

Chase offers around-the-clock customer service help you can access over the phone, through secure online messaging, or even Twitter. If you sign up for Chase’s Credit Journey program, you’ll have access to a free VantageScore credit score, as well as some credit monitoring tools.

Security Features

Chase offers the industry-standard security features you would expect from a major credit card issuer such as 24/7 fraud alerts, $0 liability for fraudulent purchases, and online login encryption and authentication.  

Fees to Watch

Reminding us that this card is best for small-business owners who do not travel often, the Chase Ink Business Cash card charges a 3% foreign transaction fee for purchases made abroad. This card also charges a 5% fee for each balance transfer, which is higher than the standard 3% fee many other business cards charge. Other fees are aligned with industry standards.

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CURRENT CARD
Ink Business Cash℠ Credit Card
overall rating
4.0
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 13.24% - 19.24% variable
Annual Fee $0
Rewards Earning Rate Earn 5% cash back on the first $25,000 in combined purchases at office supply stores and eligible phone and internet services. Earn 2% cash back on the first $25,000 spent in combined gas station and restaurant purchases. Earn 1% cash back on all other purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Chase. "Ink Business Cash Credit Card." Accessed June 11, 2020.

  2. Chase. "Ink Business Cash with Ultimate Rewards Program Agreement." Accessed June 10, 2020.

  3. J.D. Power. "Credit Card Rewards War Reaches Inflection Point as Competition Grows, J.D. Power Finds." Accessed June 11, 2020.

  4. Chase. "Chase Ink Business Cash Pricing and Terms." Accessed June 11, 2020.