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For business owners who are looking for a cash back credit card option, take a look at the Chase Ink Business Cash℠ Credit Card. It’s currently offering $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
You may find this card attractive if you’re just starting out and you’re budget conscious because it has no annual fee. Rewards are focused on office, restaurant and gas spending. This card can fill in a rewards gap a travel rewards credit card may leave open. Even if you don’t play the points and miles game today, you have the future option to transfer your points to another Chase card. This makes the Ink Business Cash℠ an extremely flexible option.
It features the ability to earn up to 5% cash back. Plus, it comes with travel and purchase coverage benefits including an auto rental collision damage waiver and extended warranty protection.
The Ink Business Cash℠ offers generous returns on a wide range of office expenses, from supplies to utility services. Because, this is a cash back card, redemption is simpler than with a points and miles card. Nonetheless, you have the option to pair this up with another Chase card in the Ultimate Rewards® program to earn even more.
If you’re interested for more offers from Chase, check out all the ongoing Checking/Savings account bonuses!
| BONUS LINK | OFFER | REVIEW |
| New Eligible Chase Business Checking Account | $300 Cash | Review |
| Chase Total Checking®SM | $200 Cash | Review |
| Chase SavingsSM | $150 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
Table of Contents
- 1 Chase Ink Business Cash Card Summary
- 2 Chase Business Checking Option
- 3 Editor’s Alternate Pick
- 4 Ink Business Cash Card $500 Bonus Cashback
- 5 What are the Rewards Worth?
- 6 Pool Your Ultimate Rewards Points
- 7 Chase Ink Business Cash Point Transfer Program
- 8 Earn More Point Value
- 9 Earn More UR Points With Sapphire℠ Checking
- 10 Ink Business Cash Credit Card Top Features
- 11 Conclusion
- 12 What’s the Competition?
Chase Ink Business Cash Card Summary
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| Bonus Available | Earn $500 bonus cash back after you make at least $3,000 in purchases within the first 3 months of account opening. |
| *Bonus Value | $1,000 |
| Ongoing Rewards/Benefits |
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| Foreign Transaction Fees | 3% |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
* The Ink Business CashSM Credit Card is issued by Chase Bank. They also offer great sign-up bonuses. You can also compare this card with other credit card bonuses!
* Bonus value is an estimated value calculated by BankCheckingSavings and not the card issuer.
View our latest valuations here.
PROS
- No annual fee
- Simple rewards
- Free employee cards
CONS
- Good-Excellent credit needed to qualify
- Capped bonus categories
- Foreign transaction fees
Chase Business Checking Option
 • Get $300 as a new Chase business checking customer, when you open a new eligible Chase business checking account with qualifying activities • Access to 16,000 ATMs and nearly 4,900 Chase branches • Chase has business specialists at your local branch to help with your business needs • Account Alerts are a great way to stay on top of your account's activity and enhance security • Unlimited electronic deposits at no charge, including Chase QuickDepositSM, ACH and ATM |
Editor’s Alternate Pick
 The Chase Ink Business PreferredSM Card offers 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
Ink Business Cash Card $500 Bonus Cashback
The Ink Business Cash Card has a $500 bonus cashback offer! In order to qualify for this offer, you’ll need to charge at least $3,000 to your card within the first three months of opening your account.
Here are some ideas on meeting the spending requirements:
| • Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review. |
| • Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank. |
| • Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay. |
| • Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees. |
What are the Rewards Worth?
Even though it’s cashback card, Ink Business Cash rewards are considered as Chase Ultimate Rewards points. You can redeem these points for:
- Cash: As statement credit to apply toward your balance, or directly deposited to most United States checking and savings accounts.
- Travel: For premium vacation packages, cruises or fly any class on most major airlines. There are no restrictions or blackout dates on airfare booked through Chase Ultimate Rewards.
- Gift cards: Over 70 gift card options available including Home Depot, iTunes, Amazon and Staples.
- Amazon items: Instantly redeem your points to pay for all or part of your eligible Amazon order, including tax and shipping.
Each Chase Ultimate Rewards point is worth $0.01; except for Amazon items, which has a lesser value. If you combine your UR points from this card with certain other Chase cards, you will get more value.
Pool Your Ultimate Rewards Points
You can pool together points from all Chase cards that earn Ultimate Rewards points. This includes points between Business and Personal cards.
Personal cards that earn UR points:
These cards have a higher travel redemption rate through Chase:
- Chase Sapphire Reserve: 1 point = 1.5 cents (e.g. $750 value for 50k points)
- Chase Ink Business Preferred Credit Card: 1 point = 1.25 cents (e.g. $625 value for 50k points)
- Chase Sapphire Preferred: 1 point = 1.25 cents (e.g. $625 value for 50k points)
Benefits of pooling your Ultimate Rewards points:
- You can transfer points at a 1-to-1 ratio to travel partners for even more value.
- If you combine your UR points and move them to your card with the highest travel redemption rate, all of your points combined will then receive the highest value. For example, 50k UR points with the Chase Sapphire Preferred are worth $625 in travel through Chase. Transfer those points to your Chase Sapphire Reserve and they’ll be worth $750 in travel.
- Transfer your UR points to Chase’s travel partners to potentially receive even more value (up to 2 cents per point per our valuations). This depends on the travel partner and booking details. Try out different booking scenarios to see where your points can get the most value.
Even if you mix business and personal cards, you can use these tips to form a multi-card strategy to maximize rewards.
Chase Ink Business Cash Point Transfer Program
The Chase Ink Business Cash allows you to move your points over to other credit card accounts that earn Chase Ultimate Rewards points. Some cards include the Chase Sapphire Preferred Card or Chase Sapphire Reserve. You can get more value out of your points and boost your points value when you book for travel through Chase Ultimate Rewards.
- Sapphire Preferred + Ink Business Cash = $0.0125/point
- Sapphire Reserve + Ink Business Cash = $0.015/point
You’ll also be able to transfer to partner loyalty programs at a 1:1 ratio. This points strategy could give you up to an average 2 cents per point rate.
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
| Airline Transfer Partners | Hotel Transfer Partners |
| Aer Lingus AerClub | IHG Rewards Club |
| British Airways Executive Club | Marriott Bonvoy (Previously Marriott Rewards) |
| Flying Blue AIR FRANCE KLM | The Ritz-Carlton Rewards |
| Iberia Plus | World of Hyatt |
| JetBlue TrueBlue | |
| Singapore Airlines KrisFlyer | |
| Southwest Airlines Rapid Rewards | |
| United MileagePlus | |
| Virgin Atlantic Flying Club |
Earn More Point Value
You can boost your redemption rate for the first $25,000 spent at office supply stores and communications costs if you transfer your points to another Chase card with Ultimate Rewards.
These cards include Chase Sapphire Preferred and/or the Chase Sapphire Reserve. Generally, points are worth 1 cent apiece with both cards. However, if you redeem them for travel booked through Chase, the point value increases to 1.25 center per point with the Chase Sapphire Preferred® and 1.5 cents per point with the Chase Sapphire Reserve®.
The Ink Business Cash isn’t eligible for these increased point values, but if you have either Sapphire-branded cards, you can transfer your Chase Ink Business Cash℠ points to it. Then, you can redeem for travel to increase your rewards rate.
Points on the Sapphire-branded cards can also be transferred at a 1:1 ratio to other loyalty travel programs. Some include United Airlines, British Airways or SPG/Marriott. You can potentially get an even higher rewards rate.
To apply for the Chase Ink Business Cash℠ Card, you don’t need to have a formal business to be eligible. If you’re a freelancer or you have a side gig, you should consider applying, considering you meet all other requirements. You don’t even need a Federal Employer Identification Number (EIN) to apply for most business products. Most issuers let you use your Social Security Number instead.
Earn More UR Points With Sapphire℠ Checking
Did you know? You can combine Ultimate Rewards points from all Chase products that earn them. The Chase Sapphire℠ Checking account is offering bonus Ultimate Rewards points when you sign up today. Read our Chase Sapphire℠ Checking review.
 With the United ClubSM Infinite Card: With this card, you'll earn: • 4X miles per $1 spent on United purchases including tickets, Economy Plus, inflight food, beverages and Wi-Fi, and other United charges. • 2X miles per $1 spent on all other travel • 2X miles per $1 spent on dining at restaurants and eligible delivery services • 1X mile per $1 spent on all other purchases Plus, you'll get 25% back as a statement credit on purchases of food, beverages and Wi-Fi on board United-operated flights when you pay with your Club Card. This card does carry an annual fee of $525 (waived first year). However, you can get up to $100 Global Entry or TSA PrecheckTM Fee Credit. In addition, you'll get a savings of up to $320 per roundtrip (terms apply) by getting your first and second checked bags for free! |
Ink Business Cash Credit Card Top Features
Earn 5% cashback in combined purchases at office supply stores and on internet, cable, cellular phone and landline services. Up to a yearly spending limit of $25,000 in combined purchases.
Earn 2% cashback on the first $25,000 spent in combined purchases at gas stations and restaurants. Then, you’ll earn a standard 1% back until the next year.
With the Ink Business Cash, you don’t have to pay anything extra to get additional cards for your employees.
You can also set spending limits for each employee card. This is useful for businesses to manage and track employee expenses.
Conclusion
The Chase Ink Business Cash℠ Card doesn’t cost anything to carry. Thus, if your business spends significant money in the bonus categories, it probably makes sense to pull the trigger. The current sign up bonus is great and the 5% cash back on select categories is pretty significant. With those factors combined, it’s excellent for small business owners, but it might not be ideal for bigger spenders.
The main drawbacks are that the 5% categories are limited and the bonus rewards are capped. Many small businesses spend little on office supplies or telecommunication services. Therefore, you wouldn’t get the full benefit of the 5% cash back. For such businesses, you could check out the Capital One® Spark® Cash Select for Business. This card offers a flat 1.5% cash back on every purchase with no limit.
Once you hit the $25,000 in combined spending in the bonus categories, you’ll earn only 1% back for the rest of the year. If this is your business, other cards offer higher limits on bonus rewards. One example would be the SimplyCash® Plus Business Credit Card from American Express. This card offers 5% cash back on up to $50,000 a year in combined spending at office supply stores and wireless providers, 3% cash back on up to $50,000 a year in spending in a category that you choose, and 1% on everything else (terms apply).
Nonetheless, feel free to check it out if the Chase Ink Business Cash℠ Card fits you. If not, you can find more on our complete list of credit card promotions today!
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What’s the Competition?
* Below are some of the top competitors to Chase Ink Business Cash Credit Card to consider.
No Annual Fee Alternatives
 The Capital One® Spark® Miles for Business offers a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening. Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy and you can earn 2 miles per $1 on every purchase. And 5X miles on hotel and rental car bookings through Capital One TravelSM using a Spark Miles card There is an annual fee of $95, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions. |
 The Capital One® Spark® Cash Select for Business offers a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening. You'll earn an unlimited 1.5% cash back could mean thousands of dollars each year going back into your business with no categories to limit your purchasing. This card comes with no annual fee and employee cards at no additional cost. |
Annual Fee Cards For High Spenders
The Chase Ink Business PreferredSM Card offers 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
The Capital One® Spark® Cash for Business offers a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. You're able to earn an unlimited 2% cash back could mean thousands of dollars each year going back into your business. Use Spark Cash across all your business spend, with no categories to limit your purchasing. This card does come with a $95 annual fee, however, there is a $0 intro annual fee for the first year. |
The Best Bank Offers are updated here. See the below pages to get started with some of the best offers: • Chase Bank Offers. Chase offers a range of attractive Checking, Savings and Business Accounts. Chase has a great selection of sign-up bonuses in comparison to other big banks. • HSBC Bank Offers. HSBC Bank routinely has offers for several of their Personal Checking and Business Checking accounts. They also have a good referral program. • Huntington Bank Offers. Huntington Bank has high bonus amounts available through their Checking and Business Checking. Huntington also offers a Business Premier Money Market Account. • Discover Bank Offers. Discover Bank offers top cashback, savings, money market accounts and CD rates for you to take advantage of. Discover has industry leading selections to cater to your banking needs. • TD Bank Offers. TD Bank consistently offers a fantastic selection of checking accounts to cater to your banking needs. However, savings account offers are less frequently available. |
| BONUS LINK | OFFER | REVIEW |
| Chase Business Checking | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase SavingsSM | $150 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Aspiration | $100 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington 25 Checking | $500 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Asterisk-Free Checking® | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Ally Invest | Up to $3,500 Cash | Review |
| Simple | 0.60% APY | Review |
Bankcheckingsavings has partnered with CardRatings for our coverage of credit card products. Bankcheckingsavings and CardRatings may receive a commission from card issuers.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
