Chase Ink Business Cash Review: Easy Cash Back With No Annual Fee

High cash back rewards plus other compelling benefits makes this card a strong contender for business purchases.
Last updated Jan 17, 2020 | By Christy Rakoczy

FinanceBuzz is reader-supported. We may receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

If you’re looking for a business credit card that has generous bonus rewards for many common business-related purchases, the Ink Business Cash Credit Card may be just the right card for you. 

With no annual fee and a generous $500 cash back sign-up bonus, this card is a solid choice, even if you aren’t necessarily a big spender or own a big business. In fact, you don't even need an Employer Identification Number (EIN) to apply. Solo entrepreneurs and side hustlers can take advantage of these perks! 

Multiple bonus rewards categories also make racking up points easy, but be aware of spending caps for the most generous bonus rewards.

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

Drawbacks

  • Capped spending on bonus cash back categories
  • Has foreign transaction fee

Who should get this card?

The Ink Business Cash Credit Card can be an ideal choice if the bulk of your business spending is on office supply stores and internet, cable, or phone services (up to $25,000 combined annually) — categories that offer 5% cash back.

If you want a no-hassle card, this is also a great option. The rewards program is simple and easy to use and points can be redeemed for cash back, gift cards, or other purchases through Chase Ultimate Rewards. Plus, there’s no annual fee for these perks.

If you have employees, this card offers additional employee cards for free. But if you or your staff travel abroad regularly, another Ink Credit Card might be a better option since this one has a 3% foreign transaction fee you’ll pay when purchasing items outside of the U.S. Big spenders may also wish to look elsewhere due to caps on bonus rewards you can earn.

Card basics

Annual Fee $0
Intro Bonus Earn $500 bonus cash back after spending $3,000 in the first 3 months
Recommended Credit Score Excellent, Good
Foreign Transaction Fee 3%

Top card benefits

  • Generous welcome bonus: Earn $500 bonus cash back after spending $3,000 in the first 3 months.
  • Bonus rewards: Earn 5% cash back at office supply stores and on internet, cable, or phone services (up to $25,000 combined annually); 2% cash back at gas stations and restaurants (up to $25,000 combined annually); 1% cash back on everything else.
  • Even more rewards: This card also offers 5% cash back on each dollar spent on Lyft rides, which can be great for frequent business-related travel.
  • Additional cards for staff: Employee cards are free, and you can set individual spending limits for workers when you provide them with a card.
  • No annual fee: Unlike other business cards that may provide more generous cardholder perks, the Ink Business Cash Credit Card has no annual fee for being a cardmember.
  • Primary car rental insurance: When renting a vehicle for business purposes, Chase provides comprehensive auto rental collision coverage. This coverage is primary, which means you don’t have to make a claim with another insurer before Chase covers you. Most cars rented in the U.S. and abroad are covered, as long as you charge the entire rental cost to your card.

Earning & redeeming

Best ways to earn cash back

You can maximize the cash back earned with your Ink Business Cash Credit Card by shopping at office supply stores, investing in telecommunications services, and using your card at restaurants and gas stations.

Points can easily be redeemed through Chase Ultimate Rewards, not just for cash but also for gift cards, travel, and even merchandise.

Earning categories

Lyft rides 5%
Office supply stores and internet, cable, or phone services (up to $25,000 combined annually) 5%
Gas stations and restaurants (up to $25,000 combined annually) 2%
Everything else 1%

Maximizing your redemptions

Getting cash back as a statement credit gives you the most flexibility, as your spending rewards can be used to reduce your bill. But Chase Ultimate Rewards also gives you many other options for redemption, including redeeming for travel or merchandise.

You can also boost the rewards you’re able to earn by maxing out the bonus categories or adding employees to your card account as authorized users, since their purchases will help you earn cash back as well.

Common questions

Does the Chase Ink Business Cash earn Ultimate Rewards?

Though the Ink Business Cash is a cashback credit card, you also have the option to redeem the cash back you earn for travel or merchandise through Chase Ultimate Rewards.

To use Ultimate Rewards: Log into your account, then choose to shop with Apple or Amazon, buy gift cards to nearly 200 stores, book travel, transfer points to travel partners, and more. You can also get up to 150 bonus points when shopping at more than 350 different stores.

What are Chase Ink Business Cash points worth?

Points earned with the Ink Business Cash Credit Card are generally worth $0.01 each, but redemption values may vary depending on what you use your points for.

What counts as an office supply store to earn bonus rewards for the Chase Ink Business Cash?

Chase defines office supply stores as those that specialize in selling office supplies. Office Max, Office Depot, or Staples likely fit this bill. Stores that sell mostly general goods — even if they also sell office items — likely won’t qualify for the bonus rewards. Department stores or electronics sellers, for instance, fall into this category. Similarly, merchants that specialize in just a few big office necessities, such as office furniture or photocopiers, likely won’t qualify.

How do you redeem Ink Business Cash rewards?

With the Ink Business Cash Credit Card, you have a choice for how to redeem your rewards. You can redeem for cash back as a statement credit applied to your balance, have your cash back deposited directly to most checking and savings accounts, buy gift cards, shop with points at Amazon, or redeem for travel through Chase Ultimate Rewards.

Other credit cards to consider

The Chase Ink Business Cash Credit Card can provide great value for those who tend to spend heavily in the bonus categories, but it’s always a good idea to compare other cards to make sure you’re getting the most value.

The Capital One® Spark® Cash for Business card can be a great alternative if you’d rather have a straight-forward earnings structure instead of predefined bonus categories. You’ll earn 2% cash back on every purchase, every day, and new cardmembers can earn a 500 cash bonus after meeting spending requirements. There is an annual fee of $95 (waived first year), so if that’s a deal-breaker for you, you’ll want to keep shopping.

If you’re not interested in paying an annual fee but like the idea of earning a solid rate on every purchase, The Blue Business Plus Credit Card from American Express may be what you’re looking for. You’ll earn 2X Membership Rewards points on business purchases up to $50,000 each year, and 1X points on purchases after that. Cardmembers will also receive a 0% intro APR on purchases and a 0% intro APR for 12 months, without paying a penny in annual fees.

Up to 5% Cash Back

Special Offer

Earn $500 bonus cash back after spending $3,000 in the first 3 months

See how these cards compare:

The Blue Business Plus Credit Card from American Express
The Blue Business Plus Credit Card from American Express
  • 0% Introductory APR on purchases and balance transfers
  • 2X Membership Rewards Points on first $50,000 each year
  • Global Assist hotline
  • No annual fee
  • Terms apply
Capital One® Spark® Cash for Business
Capital One® Spark® Cash for Business
  • $500 cash welcome bonus
  • 2% unlimited cash back
  • Free employee cards
  • No foreign transaction fee