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Chase offers two types of Ink business cards: the Ink Cash® and the Ink Plus®. These cards provide their rewards in different forms, the first with cash back and the second with points. They offer rewards for typical business expenses in the form of discounts and travel benefits, as well as additional features to make running a business easier.
The Ink Cash and Ink Plus cards have also been chosen as two of our Best Small Business Credit Cards.
For People with
- Annual Fee: $0
- Interest Rate: 13.49% - 19.49% *Variable
Quick Card Facts
- Earn $200 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening Named "Best for Rewards for Small Business" MONEY® Magazine, October 2014
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV 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
- 0% introductory APR for 12 months on purchases and balance transfers
- Free employee cards
- No Annual Fee
The information for Chase Ink Cash® Business Card has been collected independently by Ibis Consultants. The card details on this page have not been reviewed or provided by the card issuer.
Each of these cards provides similar rewards for purchases, though there are some differences in the bonuses, the limitations, and the redemption options. The Ink Cash card provides a percentage of cash back, while the others provide points which can be redeemed for statement credits or transferred to frequent flyer programs. Rewards from Ink cards can be combined with other eligible Chase cards.
The Ink Cash card provides 5% cash back on every dollar for the first $25,000 spent on certain business expenses every year. Eligible business expenses are internet and cable TV services, cell phones, landlines, and purchases from office supply stores. 2% cash back is awarded for the first $25,000 spent on purchases from gas stations and restaurants every year. 1% cash back is provided for all other purchases, as well as for the above purchases after the $25,000 limit has been exceeded.
If $3,000 is spent on purchases in the first 3 months, you’ll earn $200 in cash back.
While this cash back is typically redeemed in the form of a statement credit towards your account, it can also be used to make purchases through Chase Ultimate Rewards. The Ultimate Rewards marketplace includes travel, fine dining, and access to many unique and exciting experiences.
Instead of cash back, the Ink Plus awards 5 points for every dollar of the first $50,000 on the same eligible business expenses listed above. 2 points are awarded for every dollar for the first $50,000 spent at gas stations and hotel accommodations, and 1 point is awarded for all other purchases, as well as the above purchases after the limit has been exceeded.
The usual introductory bonus offer is, if $5,000 is spent on purchases in the first 3 months after getting the card, 50,000 bonus points will be awarded. This is the equivalent of $625 when redeemed through Chase Ultimate Rewards.
Points can be redeemed for statement credits towards purchases or in the Chase Ultimate Rewards marketplace, but they can also be transferred to a number of frequent flyer programs. 1 point equals 1 mile. The frequent flyer programs are:
|Southwest Rapid Rewards||British Airways Executive Club||The Ritz-Carlton Rewards||Amtrak Guest Rewards|
|Hyatt Gold Passport||Mileage Plus United||IHG Rewards Club||Korean Air Skypass|
|Virgin Atlantic Flying Club||Singapore Airlines KrisFlyer||Mariott Rewards|
There are a few differences in the extra features provided by these cards, with the Plus and Bold cards providing a wider set of benefits. Each card includes access to free employee cards and dedicated Business Bankers at over 5,600 Chase branches around the country. The employee cards can be given individual spending limits, and a mobile app provides a system to tag and organize receipts, as well as a way to receive instant alerts about purchases being made.
The Ink Cash card provides some shopping benefits and a few travel features. The first shopping benefit is Purchase Protection, which will cover new items against damage and theft, up to $10,000 per claim and $50,000 per account, for up to 120 days after the date of purchase. The second is an Extended Warranty, which will add an additional year to a manufacturer’s original warranty of 3 years or less.
The travel protection benefits are Baggage Delay Insurance, an Auto Rental Collision Damage Waiver, and access to a Roadside Dispatch Service.
The baggage delay insurance will provide reimbursement for eligible purchases you have to make if your luggage is delayed, and the collision damage waiver will provide insurance against damage and theft for rented cars, as long as the car rental company’s own insurance is declined.
The roadside dispatch service will provide assistance if you break down on the road, including helping you find a towing or locksmith service. Cardholders will need to pay for any third-party costs.
The Ink Plus provides a 20% discount on airfare, car rentals, cruises, and hotels when redeeming points through Chase Ultimate Rewards.
This card features all of the benefits listed above for the Ink Cash card, as well as an extra shopping and travel benefit. The shopping benefit is Price Protection, which will reimburse cardholders if they find an item they bought being advertised for a lower price later. The travel benefit is Trip Cancellation / Trip Interruption Insurance, which will provide reimbursement if your scheduled trip on a common carrier is disrupted for an eligible reason.
|Card||Annual Fee||Intro APR for Purchases and Balance Transfers||Regular APR||Regular Balance Transfer APR||Cash Advance APR||Foreign Transaction Fee|
|Ink Cash Business||$0||0% for 12 months||13.49% - 19.49% *Variable||13.49% - 19.49% *Variable||25.24% *Variable||3%|
|Card||Penalty APR||Late Fee||Returned Payment Fee|
|Ink Cash Business||Up to 29.99% *Variable||Up to $39||$39|
Chase Ink Cash vs Chase Ink Plus
These are two valuable business credit cards, but they have some important differences. As you can see, the rewards are similar but you’ll end up paying quite different fees with each card, with the Ink Plus coming out as a bit more expensive to use because of the annual fee.
You’ll be rewarded in very similar ways, with the 5%/5 point category being the same for both cards. The lower tier is a bit different, however, with the Ink Cash providing 2% back at restaurants, while the Ink Plus provides 2 points per dollar at hotels. They each provide 2% or 2 points for purchases of gas, but the Ink Plus also allows you to transfer your rewards to a number of popular frequent flyer programs, giving travelers more options when redeeming their points. The Ink Plus also gives you the ability to redeem your points for a bonus when purchasing travel through the Chase Ultimate Rewards marketplace.
The Ink Cash comes to you with no annual fee, while the Ink Plus costs $95 per year (waived the first year). The Ink Cash also features a long, 12-month introductory APR of 0%, letting you pay off purchases over time without worrying about interest. After the introductory period is over, the Ink Cash also comes with a lower purchase APR by 2 percentage points: 13.24%, compared to 15.24% with the Ink Plus.
The Ink Plus is designed more for travelers. Not only can you trade in your points for frequent flyer miles, you’ll be able to freely use your card when traveling outside the country thanks to the lack of a foreign transaction fee. The Ink Cash card, by contrast, has a 3% fee for foreign transactions, making it an expensive card to use outside the country.
The Bottom Line
The Chase Ink cards are popular among small business owners for their low interest rates and high-value rewards. 5% or 5 points is as good as it gets in situations like this, and the ability to have multiple employees spending with the card account means that the rewards will accrue quickly. These cards become even more valuable if you can frequently make use of the Chase Ultimate Rewards marketplace to get discounts and exclusive access to events.
The Plus card is designed with travel in mind as well.
Besides making our list of best small business credit cards, the Cash and Plus cards each received an award from MONEY® Magazine in 2013. The Cash card won ‘Best Cash Back for Small Business’ and the Plus card won ‘Best For Travel Rewards For Small Business.’