Ink Business Cash® Credit Card review

Small Business Card

Ink Business Cash® Credit Card

Top Features

• Rewards
• Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
• Welcome Bonus
• Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.
• Annual Fee
• $0

5.0

Credit Score: Excellent, Good

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Terms and Limitations Apply

card_name benefits

If you’re a business owner looking for a cash-back rewards card that rewards you for actual business spending, plus comes with a low APR, flexible rewards and no annual fee, the CardName might be the right fit for you.

Earning cash back for business spending is easy with the CardName. Even easier for new cardholders who can earn $300 once spending $3,000 on purchases in the first three months and an additional $400 once spending $6,000 on purchases in the first six months after opening an account.

The CardName offers flexible cash-back rewards, tracked as points, with no annual fee. The reward opportunities include:

• 5% back on the first $25,000 spent annually in combined purchases at office supply stores (including computer, hardware, and software purchases) , as well as on cellular, landline, internet and cable television services
• 2% back on the first $25,000 spent at gas stations and restaurants each account anniversary year
• Unlimited 1% back on all other purchases

Here’s a quick snapshot of some other CardName benefits:

• No annual fee.
• 0% intro APR for the first intro_apr_duration on purchases (then, RegAPR).
• Points don’t expire as long as your account remains open.
• Cards are available for your employees at no extra charge, plus you can control spending limits while also earning points on those purchases.
• Access to the Ink Mobile App so you can avoid surprises with instant purchase alerts, while also allowing you to file receipts and manage employee spending.
• Purchase protection and extended warranty protection.
• Auto rental collision damage waiver so you can decline collision insurance when renting a car.

CardName foreign transaction fee

While the annual_fees annual and generous cash back rewards program make the CardName an attractive option for most small business owners, you might want to leave it at home if you plan a business trip overseas.

CardName carries a fee of foreign_transaction_fee on all foreign transactions. The transaction amount is converted to U.S. Dollars and then the 3% fee is applied. That can add up quickly over the course of an average length business trip.

What does that mean in terms of real expense? According to Travel Leaders Corporate, the average length of an overseas business trip is three days. Should a person spend $1,000 on food and beverages, entertainment, transportation, etc. during their trip, the added expense of the foreign transaction fee would total $30. For someone whose job requires them to make one such trip per month, the added expense would be $360 per year.

CardName approval odds

So you like the sound of the CardName, but now you might be wondering, do you qualify?

The list of people who can apply for a small business credit card is long, and includes freelancers/self-employed individuals, entrepreneurs, small business owners/officers, owners/officers of established businesses, and owners/officers of startups. Most credit card companies define "business" quite broadly when it comes to considering applicants for small business credit cards. To qualify for a business credit card, you must be an "authorized officer" of a company. Basically, this means that you must have the legal right to enter into borrowing arrangements with financial institutions on behalf of a business. If you are the owner of a sole proprietorship business or the sole owner of a small business, you are already an "authorized officer." You are, after all, the only owner of the company. It can be more complicated determining who ranks for businesses that have multiple owners. In general, though, most owners are also "authorized officers."

 ➤  LEARN MORE:Who can apply for a business credit card?

Credit card issuers consider each application on its own merits, so don’t assume you don’t qualify just because your business might not fit that standard business model. Do keep in mind though that your personal credit history will likely be what is used to determine your eligibility and/or credit limit on a business card before you’ve built up a credit history for your business.

If your business doesn’t have a tax ID number (EIN), you can enter your personal social security number instead. In general, try to have the following information handy when you apply:

• Business name
• Business name as you want it to appear on the card
• Business address
• Type of business
• Tax ID number (or your social security number)
• Number of employees
• Annual revenue/sales
• Monthly expenses
• Number of years in business
• Ownership type (publicly traded, privately owned, etc.)
• Business structure (LLC, corporation, non-profit, etc.)

How do cardholders rate the CardName?

CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results for the CardName:

How does the CardName compare to other business credit cards?

CardName vs. CardName

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For small business owners who like to travel, the CardName is a great alternative to the CardName. New cardholders can earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That’s $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠. With no foreign transaction fees and additional travel perks like trip cancellation/interruption insurance included, the CardName provides excellent travel benefits for the AnnualFees annual fee.

The bonus point categories for the CardName categories are geared toward frequent travelers, with cardholders earning three points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year, and one point earned per $1 spent on all other purchases. For an in-depth breakdown of how these two cards line up side-by-side, see our full Ink Business Cash® vs. Preferred® comparison.

CardName vs. CardName

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If you spend heavily in multiple categories, the CardName is another card in the Ink family you might want to consider. Instead of earning tiered reward rates in various categories, this card offers a flat 1.5% cash back on every purchase made with the card. It’s an ideal option for those business spenders who just want to spend and earn, and not really have to think about how they’re earning. It’s also similar to the Business Cash card in that it has no annual fee and offers an introductory 0% APR period: intro 0% APR on purchases for intro_apr_duration (then RegAPR).

For a no-annual-fee card, the welcome bonus is also quite lucrative. New cardholders can earn $750 cash back once spending $6,000 in the first three months from opening an account.

Learn more about which Chase Ink business credit card is right for you.

Is the CardName a good card?

This is a good card for business owners who have substantial expenses from office supplies to internet, cable and phone services. The more you spend, the more you earn and those higher points can be redeemed for cash rewards or other products and services that support your business needs or bottom line.

With no annual fee, and the ability to control employee spending and limits, this card is a good option for business owners who want to effectively and efficiently manage spending, while earning money back that can be reinvested into their business.