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 |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase SapphireSM Checking | 60,000 Points | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Total Checking®SM | $200 Cash | Review |
| Chase SavingsSM | $150 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase Private Client | $1,250 Cash | Review |
| You InvestSM by J.P. Morgan | Up To $625 Cash | Review |
Table of Contents
- 1 Chase Ink Business Cash Card Summary
- 2 Earning The $500 Ink Business Cash Bonus
- 3 Earn Up To 5X Cash Back
- 4 Redeem Rewards
- 5 Pool Your Ultimate Rewards Points
- 6 Chase Ink Business Cash Point Transfer Program
- 7 Earn More Point Value
- 8 Earn More UR Points With Sapphire℠ Checking
- 9 Conclusion
- 10 Other Credit Cards To Consider
Chase Ink Business Cash Card Summary
 With the Chase Ink Business Cash℠ Credit Card: • This card offers a $500 bonus after spending $3,000 within the first 3 months. • 5% cash back on the first $25,000 spent at office supply stores, on internet, cable & phone services for every account anniversary year (combined purchases) • 2% cash back on the first $25,000 spent at gas stations & restaurants for every account anniversary year (combined purchases); 1% on all other purchases with no limit • This card has No Annual Fee Learn More About This Card |
Earning The $500 Ink Business Cash Bonus
Take advantage of the Ink Business Cash’s $500 bonus offer. To qualify, spend at least $3,000 in purchases within the first 3 months of opening your account.
Find ideas on how to meet the spending requirement:
• 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. |
Earn Up To 5X Cash Back
For business owners who spend a lot in common business expenses, this is where the Chase Ink Business Cash℠ Card’s rewards program shines. In fact, this is one of the more generous cards when it comes to office supplies.
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, cellular phone and landline services each account anniversary year. Then, you’ll earn a standard 1% back until the next year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Again, you’ll earn a standard 1% back after you hit the threshold until the next year. All other purchases net 1% cash back.
Redeem Rewards
With the Ink Business Cash from Chase, you can redeem your cash back for multiple options. Some include gift cards, travel and goods and services offered through Chase’s Ultimate Rewards® program. Cash redemption options include account statement credit or an electronic deposit into an eligible account.
Points redeemed for cash, gift cards or travel are worth 1 cent apiece. This means, you earn 5 cents for every dollar you spend on qualifying office supply purchases.
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 Chase SapphireSM Checking: • Enjoy 60,000 Chase Ultimate Rewards bonus points when you join SapphireSM Banking. Within 45 days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts, and maintain the balance for at least 90 days. • Enjoy a new kind of banking experience • No ATM fees worldwide - down the street or around the globe • Perks that add up - relationship rates, special access and help when you need it • Open online in minutes • Email my upgrade code • Available in: AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, MI, MS, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI, WV |
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!
Other Credit Cards To Consider
No Annual Fee Alternatives:
 With the Capital One® Spark® Miles for Business: • Earn 2 miles per $1 on every purchase • Plus, a one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy • $0 intro annual fee for the first year; $95 after that • There's no limit to the amount of miles you can earn • Redeem miles for travel, cash back, gift cards and more • No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions |
 With the Capital One® Spark® Cash Select for Business: • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening • Save on interest with 0% intro APR on purchases for 9 months; 15.24%-23.24% variable APR after that • No annual fee • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount • Get employee cards at no additional cost, and earn rewards from their business spend |
Annual Fee Cards For High Spenders:
 With the Ink Business Preferred℠ Credit Card: • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards® • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open • No foreign transaction fees • Employee cards at no additional cost • $95 Annual Fee Learn More |
 With the Capital One® Spark® Cash for Business: • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening • Use Spark Cash across all your business spend, with no categories to limit your purchasing • $0 intro annual fee for the first year; $95 after that • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount • Get employee cards at no additional cost, and earn rewards from their business spend |
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 has big value offers available through this Checking Accounts. In addition, they are offering an attractive rate for their Online Savings Account. • 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 |
| Discover Bank Online Savings | $200 Cash | Review |
| HSBC Premier Checking Member FDIC | $750 Cash | Review |
| HSBC Advance Checking Member FDIC | $350 Cash | Review |
| Huntington Asterisk-Free Checking® | $150 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Chase SapphireSM Checking | 60,000 Points | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase Private Client | $1,250 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $500 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
