Chase Ink Business Cash Review

The Chase Ink Business Cash credit card is a popular choice for small business owners who want to earn rewards on their business expenses. Below is a review of the Chase Ink Business Cash credit card, highlighting its key features, benefits, and drawbacks:

Key Features:

1. Generous Cash Back Rewards: The Chase Ink Business Cash card offers cash back rewards on business-related spending. You can earn 5% cash back on office supplies and telecommunications services (up to $25,000 in combined purchases annually), 2% cash back at gas stations and restaurants (up to $25,000 in combined purchases annually), and 1% cash back on all other purchases.

2. Introductory Bonus: This card often comes with an introductory bonus, typically in the form of cash back. You may earn a substantial bonus after spending a certain amount within the first few months of card ownership.

3. No Annual Fee: The card doesn't have an annual fee, making it a cost-effective choice for small businesses looking to maximize their rewards.

4. 0% Intro APR: Chase Ink Business Cash usually offers a 0% introductory APR on purchases for the first 12 months, which can be helpful if you need to finance business expenses or carry a balance during the initial year.

5. Employee Cards: You can request additional employee cards for your team at no extra cost, helping you manage and earn rewards on their spending.

6. Expense Tracking Tools: Chase provides various tools and resources to help business owners manage their expenses, including expense tracking, reporting, and account management features.

7. Purchase Protection and Extended Warranty: The card offers purchase protection and extends the warranties on eligible items purchased with the card, providing peace of mind for business-related purchases.

Benefits:

• Strong Cash Back Rewards: The card offers competitive cash back rewards, particularly in categories that are relevant to many businesses, such as office supplies and dining.

• No Annual Fee: The lack of an annual fee makes this card an attractive option for small businesses looking to save on costs.

• Introductory 0% APR: The introductory 0% APR on purchases can help with financing large business expenses or carrying a balance for a limited time without incurring interest charges.

• Employee Cards: The ability to issue employee cards at no cost can simplify expense tracking and earning rewards on team spending.

Drawbacks:

• Category Caps: The 5% and 2% cash back categories are subject to annual spending limits. Once you reach the spending cap in these categories, you'll earn 1% cash back, which may limit your rewards potential.

• Foreign Transaction Fees: If your business involves international expenses, be aware that the card charges foreign transaction fees, so it's not the best choice for international travel or spending.

• Credit Approval: As with any credit card, your ability to qualify for the Chase Ink Business Cash card depends on your creditworthiness, and not all applicants may be approved.

In conclusion, the Chase Ink Business Cash credit card is a strong option for small business owners looking to earn cash back rewards on their business-related expenses. Its competitive rewards structure, lack of an annual fee, and introductory 0% APR make it a popular choice. However, it's important to be mindful of the category spending caps and foreign transaction fees. As with any financial product, it's essential to review the terms and conditions to ensure it's the right fit for your business needs.