Ink Business Cash Credit Card

Chase Ink Cash Review Highlights:

$500 initial bonus

Spending at least $3,000 within three months of opening a Chase Ink Cash account gets you a $500 bonus. The average cash back card has a bonus of just $197.33. So this alone makes Chase Ink Cash an elite cash back credit card.

5% cash back on office supplies and telecom

Chase Ink is an excellent option for small businesses that spend a lot on office supplies as well as phone, internet, and cable TV services. It offers 5% cash back – nearly five times the market average – on the first $25,000 that you spend on such items each year.

2% cash back at gas stations and restaurants

Ink Cash gives cardholders 2% cash back on the first $25,000 they spend on gas and dining at restaurants, combined, each year. So if you’re on the road or entertaining a lot for business, you can save as much as $500 per year.

1% cash back on non-bonus spending

The Chase Ink Cash Business Card’s base rewards rate of 1% cash back is standard for a cash rewards card. But it’s obviously not as spectacular as the 2% and 5% bonus rates. As a result, you may want to get a card with a higher everyday rewards rate for purchases that don’t qualify for bonus earnings.

No annual fee

The Chase Ink Cash Card’s $0 annual fee makes the Ink Cash Business Credit Card $19.76 per year cheaper than the average credit card, market-wide.

0% intro APR

Chase Ink Cash offers 0% introductory APRs on new purchases. That’s better than average, according to WalletHub’s latest Credit Card Landscape Report. But more than 250 other cards offer 0% for at least as long.

5% balance transfer fee

More than 200 cards have lower transfer fees than Ink’s 5% (min $5).

Cost-of-debt uncertainty

Personal credit cards are much better for financing than business credit cards. With personal cards, issuers have to wait until a cardholder is at least 60 days delinquent on payment before increasing the interest rate on an existing balance. But they can do so with business credit cards whenever they want.

Bad for international spending

The Ink Cash Card’s 3% foreign transaction fee applies to the U.S. dollar amount of any purchase processed abroad. That includes purchases made while traveling internationally as well as online and phone purchases made through internationally based merchants when you’re in the U.S.

That should be a nonstarter for worldly small business owners, given how many no-foreign-fee credit cards are now available.

Good credit required

Personal credit is what counts when it comes to business credit card approval, and yours must be well above average if you want Chase Ink Cash. In fact, you should aim for a credit score of 700 or higher for good approval odds.