5 causes to use for the Chase Ink Business Cash Card

Chase has an outstanding lineup of bank cards that features shopper, small-business and cobranded bank cards. There’s a Chase card for nearly anybody, together with no-annual-fee playing cards for on a regular basis spending just like the Chase Freedom Unlimited®, journey playing cards such because the Chase Sapphire Reserve® and enterprise playing cards just like the Ink Business Preferred® Credit Card.

For small-business house owners on the lookout for a stable no-annual-fee card within the Chase lineup, the Ink Business Cash® Credit Card is value a glance.

Not to be confused with the higher-end Ink Business Preferred, the Ink Business Cash earns you as much as 5% money again on sure enterprise purchases (as much as a yearly cap), and it’s at the moment providing a sign-up bonus of $900 after you spend $6,000 on purchases within the first three months after account opening. There are many explanation why this underrated enterprise card must be the following in your pockets wishlist— listed here are our prime 5.

High-value playing cards with no annual charges are arduous to come back by nowadays, with among the prime journey playing cards for each enterprise house owners and customers topping out at virtually $700 in yearly charges. If you maintain greater than a dozen playing cards like The Points Guy himself, bank card annual charges can actually add up.

One of the most important advantages of the Ink Business Cash is that you just earn money again on enterprise bills, fuel stations and eating places, get journey and buy protections and earn a stable sign-up bonus with out having to pay an annual charge.

Related: Check out our full Chase Ink Business Cash bank card evaluate

This bonus actually doubles in worth in the event you even have a Chase Ultimate Rewards card such because the Chase Sapphire Reserve or the Ink Business Preferred. Because you may pool your Chase rewards into one account, your Ink Business Cash rewards can doubtlessly turn out to be Chase Ultimate Rewards factors. Those are value 2 cents every, in response to TPG valuations. Now, your $900 bonus (90,000 Ultimate Rewards factors) is value a powerful $1,800.

Another motive to think about the Ink Business Cash Card is that you may earn 5% again on the primary $25,000 spent in mixed purchases at workplace provide shops and on cellular telephone, landline, web and cable TV providers every account anniversary yr. You’ll additionally earn 2% money again on the primary $25,000 spent in mixed purchases at fuel stations and eating places every account anniversary yr and also you’ll get an infinite 1% money again on every thing else.

When you max out your bonus spending in each 5% and a couple of% classes, that finally ends up being $1,750 in cash-back rewards earned annually. For a no-annual-fee bank card, that’s nice potential for earned rewards. Of course, in the event you’re pairing this card with a Chase Ultimate Rewards card, that $1,750 turns into $3,500 in rewards worth.

The Ink Business Cash comes with some stable journey and purchasing protections. It provides buy safety, protecting newly purchased gadgets for 120 days towards harm or theft (as much as $10,000 per declare and as much as $50,000 per account). As a cardmember, you’ll additionally obtain prolonged warranties for eligible purchases, as the cardboard extends a U.S. producer’s guarantee by a further yr (on eligible warranties of three years or much less).

The Ink Business Cash Card additionally provides an auto collision harm waiver. Essentially, whenever you lease a automotive for enterprise functions and cost it to this card, you may decline the rental automotive firm’s collision insurance coverage and be coated by the cardboard within the case of theft or collision harm. This is legitimate on most leases each within the U.S. and overseas — simply be certain to verify the effective print for extra particulars.

Note that in the event you’re renting a automotive for private use, the Ink Business Cash gained’t be of use. In that case, the Chase Sapphire Reserve or Chase Sapphire Preferred Card, which each provide main rental automotive insurance coverage, can be higher choices.

One of one of the best issues in regards to the Chase lineup is the flexibility to pool your rewards between cash-back and Ultimate Rewards playing cards (together with the entire Chase Ink Business playing cards). As talked about above, in the event you maintain the Chase Sapphire Reserve, Chase Sapphire Preferred Card or Ink Business Preferred, you may convert your Ink Business Cash rewards into Chase Ultimate Rewards. We worth Chase factors at 2 cents every, one of the vital precious factors currencies obtainable.

Although the Ink Business Cash isn’t a part of the official Chase Trifecta, it’s nonetheless a precious card to pair with different Chase playing cards. You might successfully earn a return of 10% % (based mostly on TPG’s valuations) for the primary $25,000 spent at workplace provide shops and on the opposite providers talked about above, and 4% on the primary $25,000 spent at fuel stations and eating places. As for on a regular basis, non-bonus spending this card provides a reasonably stable 2% return, nice for a no-annual-fee card.

Also do not forget that your redemption choices improve drastically whenever you pair the Ink Business Cash with different Chase playing cards. For instance, in the event you use the Chase Sapphire Reserve for private journey and eating and the Ink Business Cash to your small-business bills, the rewards you may earn along with your Ink Business Cash could be redeemed for 1.5 cents every via the Chase journey portal or for journey companion redemptions whenever you switch your factors.

Related: When to guide journey via Chase and when to switch factors

When you see a product marketed as a enterprise card, it’s possible you’ll suppose you’re not eligible to use — however you’re extra more likely to meet the necessities than you suppose. You don’t have to have a proper enterprise to be eligible. If you’re a freelancer or have a facet gig, for instance, you must think about making use of (offered you meet the opposite necessities for a given product). In truth, you don’t even want an Employer Identification Number (EIN) to use for many enterprise merchandise, since most issuers allow you to use your Social Security Number (SSN) as an alternative.

No matter what kind of enterprise you’ve got, there’s a lot to like in regards to the Ink Business Cash. Thanks to its elevated incomes charges for choose spending classes and the flexibility to switch money again into precious Ultimate Rewards factors, the Ink Business Cash card must be a no-annual-fee product worthy of your consideration.

Are you a small-business proprietor? Join TPG’s group created only for you!

Official utility hyperlink: Ink Business Cash Credit Card

Additional reporting by Emily Thompson.