A standout card for small business owners #CashNews.co

Chase’s Ink Business Cash® Credit Card is a standout business credit card option for small business owners. Those with established businesses and good to excellent credit can use the Chase Ink Business Cash card to earn rewards on routine expenses, and there’s no annual fee for the card. Plus, the card has a valuable new card member bonus, and you can take advantage of its introductory annual percentage rate (APR) to finance major purchases and spread out the cost with no interest.

Additional benefits

The Chase Ink Business Cash card has several major benefits and added perks:

• Automatic credit line increases: Your account will be automatically reviewed for potential credit line increases every six months.

• Auto rental collision damage waiver: The card provides primary collision coverage on car rentals, reimbursing up to the actual cash value of the vehicle for theft and collision damage.

• Travel and emergency assistance services: If you’re traveling for business and run into issues, the travel and emergency assistance hotline can connect you to assistance services.

• Roadside dispatch: As a card member, you can call roadside dispatch if you’re locked out of your car or run out of gas. However, your car will be charged for any services provided.

• Purchase protection: New purchases are covered for 120 days against damages or theft up to $10,000 per claim and $50,000 per account.

• Extended warranty: The card extends the warranties on eligible items with warranties of three years or less by an additional year.

How to earn rewards

To maximize the value of the card, use it for your common business expenses, such as printer paper, ink, shipping supplies, or internet service. And if you take clients out to restaurants for meetings or have to drive long distances, use the card to pay for the restaurant bill or to put gas in your car to earn a high rewards rate. You can also add your employees to your account as authorized users, and you’ll earn rewards on their purchases too.

Below is an example of how much you could earn if you spent $10,000 in a year with your card:

How to redeem rewards

Cash back is earned in the form of points, and each point is typically worth one cent each. You can redeem your Chase Ink Business Cash rewards in the following ways:

• Cash back: Redeem your rewards for statement credits or direct deposit to an eligible business checking or savings account.

• Travel: Book travel arrangements, such as hotel stays or car rentals with your points through Chase Ultimate Rewards®.

• Gift cards: With your card’s rewards, you can use your points to purchase gift cards from major retailers and restaurant chains.

Who is the Ink Business Cash card best for?

The Chase Ink Business Cash card is for small business owners who spend significant amounts of money on office supplies and internet service. In those categories, you’ll earn 5% cash back on the first $25,000 spent, and you’ll also earn a higher rewards rate at restaurants or gas purchases. The card has no annual fee, and a generous introductory APR, making it a good option for microbusinesses and freelancers.

Ink Business Cash card pros

• Achievable cardmember bonus: Some business credit cards have steep spending requirements for new cardmember bonuses. But the Chase Ink Business Cash card is more attainable; you can earn the bonus by spending $6,000 over six months.

• No annual fee: Unlike many business cards, the Chase Ink Business Cash card has no annual fee, and it offers a surprising number of benefits and added perks.

• Introductory APR: The introductory APR offer gives you a full year to spread out the cost of expensive purchases and pay it off without interest.

Ink Business Cash card cons

• Charges foreign transaction fees: The Chase Ink Business Cash card charges a 3% foreign transaction fee for transactions made outside the U.S. or in foreign currency. For those who travel internationally for business, that fee is a significant drawback.

• Only those with good to excellent credit will qualify: Only business owners with good to excellent personal and business credit will qualify for the card. If your credit is less-than-stellar, or you’re just getting your business off the ground, you may not qualify.

• No promotional APR on balance transfers: Although the Chase Ink Business Cash card has a promotional APR on purchases, it doesn’t apply to balance transfers.

How to make a Chase Ink Business Cash payment

You can make a payment online, through the Chase mobile app, or by mailing a check:

Cardmember Services

P.O. Box 6294

Carol Stream, IL 60197-6294

Chase Ink Business Cash card customer service info

Alternative cards to consider

If the Ink Business Cash card isn’t the right card for your business, these alternatives may be a better fit:

This article was edited by Rebecca McCracken

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