5 Outstanding Chase Ink Business Cash Benefits For Entrepreneurs

Small business owners will love the 0% intro APR offer and high cash back rewards in certain spending categories.
Last updated Sep 11, 2020 | By Sarah Li Cain
Smiling woman enjoying x chase ink business cash benefits

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There’s a lot going for the Chase Ink Business Cash — notably, high cash back rewards, a hefty sign-up bonus, and no annual fee. Alongside zero liability protection and no additional fees for employee cards, you’ll want to give this card a serious look.

If you’re a budget-conscious business owner, there are more Ink Business Cash benefits to watch out for. There are plenty of reasons why it’s a favorite amongst small business owners.

Highlights of the Chase Ink Business Cash

The Ink Business Cash credit card has no annual fee, which includes any additional credit cards for employees. Cardholders can also take advantage of the introductory 0% APR for 12 months.

Earning cash back is simple with this card. Whenever you make a qualifying purchase, you can earn flexible cash back rewards, which are tracked as points. Every $1 in cash back rewards is equal to 100 points.

Rewards you can earn include bonus cash back earnings on purchases at gas stations, office supply stores, restaurants, internet, and phone service. Depending on purchases you or your employees make, you’re able to earn up to 5% cash back on the first $25,000 each year.

Cardholders also have the opportunity to earn a sign-up bonus worth $500 after spending $3,000 on the card within the first three months. Once you start earning points, you can redeem them for gift cards, travel, or eligible orders on Amazon.

If you want to redeem it for cash back, you can choose to receive it as a statement credit or a deposit at most U.S. checking and savings accounts.

There are a whole host of Chase Ink Business Cash benefits, so let’s dig into the details of what makes this card worth signing up for.

5 worthwhile Chase Ink Business Cash benefits

Even though there’s no annual fee, the Ink Business Cash packs a big punch. Here are five worthwhile perks cardholders can take advantage of:

1. Hefty sign-up bonus

You have the opportunity to earn $500 bonus cash back after spending $3,000 in the first 3 months. This is on top of the usual cash back rewards you or your employees earn with business purchases.

Once you meet the spending requirements, you’ll receive your bonus within six to eight weeks. Then, you can use these points towards things like gift cards, travel, cash back in the form of statement credits, or straight cash.

2. 0% intro APR offer

Cardholders get an introductory 0%. This isn’t typical among other business cards, making it one of the best business credit cards if you’re looking to finance investments for your business.

For example, if you’re purchasing office equipment when you’re first starting out, this would be a great time to open the Ink Business Cash card. You can charge the equipment to the card, then take the year to slowly pay it off without accruing interest fees.

After the introductory APR period ends, a variable APR kicks in, so if you’re looking to save money financing a large purchase, make sure you pay off your balance before that high interest kicks in.

3. Free employee cards

If you have employees, you can get extra cards at no cost to you. Once approved, your employee becomes an authorized user.

As the primary cardholder, you’re able to set limits on employee spending by contacting Chase’s customer service, allowing you to track their spending and earn rewards at the same time.

4. Redeem points for travel

While this may be a cash back rewards card, you can access some travel benefits, too.

As mentioned above, each $1 in cash back you get is equivalent to 100 points. To redeem these points for travel, you can do so through the Chase Ultimate Rewards portal. You can book things like cruises, flights, hotels, and premium vacation packages.

Your points don’t expire as long as your account is open, and there are no restrictions or blackout dates if you’re booking airfare through Chase Ultimate Rewards.

5. Bonus rewards categories

The Chase Ink Business Cash Card offers some competitive bonus cash back rewards categories, making it a great card if you spend a lot in those areas.

Earn 5% cash back on office supply stores and internet, cable, or phone services (up to $25,000 combined annually). This card also offers 5% cash back on each dollar spent on Lyft rides, which can be great for frequent business-related travel.

You’ll also be able to earn 2% cash back on purchases at gas stations and restaurants (up to $25,000 combined annually). Everything else (or purchases made after you pass the $25,000 limit) will earn 1% cash back.

Additional benefits

Aside from the notable perks mentioned above, the Ink Business Cash card offers some standard features that may be useful to you as a business owner.

  • Travel and emergency assistance services. When you use your card for certain travel purchases, you can request assistance by contacting the Benefit Administrator with Chase credit cards. This includes travel and emergency assistance as well as legal and medical referrals.
  • Roadside dispatch. You can request roadside emergency services to get help if you’re stuck on the side of the road. Dispatch services include tire changes, gas delivery, winching, towing, a jumpstart, and lockout service. The cost of these services will be billed to your card.
  • Purchase protection. Most purchases you make on your card are covered for up to 120 days against damage or theft — $50,000 per account and up to $10,000 per claim.
  • Extended warranties. On eligible purchases you make, this card will extend your U.S. manufacturer’s warranty by an additional 12 months. This only applies to qualifying warranties that are three years or less.
  • Rental car insurance. The card offers auto rental collision damage, so you can decline the rental company’s collision insurance when you use your card. Coverage is primary and includes collision damage for most cars worldwide — but only if you rent a car for business purposes.

Is the Ink Business Cash worth it?

The Ink Business Cash is a solid card that offers simple reward categories and an introductory 0% APR offer, but whether it’s the right card for you depends on your business’s spending.

If you spend less than $25,000 in the highest reward tiers, then the cash back rewards could be worth your while. But for those who don’t spend much on items like office supplies or other bonus categories, you likely won’t be able to maximize earning rewards with this card.

There’s also an attractive sign-up bonus, but it may not be worth getting the card if you don’t plan to make $3,000 worth of purchases within the first three months. Also, if you plan on doing much international travel, another business card may be a better fit since the Chase Ink Business Cash Card does have a 3% foreign transaction fee.

The fact that there’s no annual fee is attractive to cost-conscious business owners, and the ability to control employee spending is a nice touch. The bottom line is that if you’re a business owner who wants to maximize spending on office supplies, internet, and phone services, and take advantage of a 0% intro APR offer, then you’ll want to strongly consider this card.

Up to 5% Cash Back

Benefits

  • $500 cash back sign-up bonus
  • No annual fee
  • 0% intro APR on purchases for 12 months
  • Up to 5% cash back