Chase Ink Business Cash Credit Card Benefits & Review for 2024

“The content on this page is accurate as of the posting date; however, some of our partner offers may have expired“

The Chase Ink Business Cash® Credit Card provides business owners a way to earn more for every dollar spent. The no-annual-fee card has a $750 welcome bonus, 5% and 2% cash back categories, and a selection of travel benefits. New cardholders also enjoy a generous intro offer on purchases. While it is a great card on its own, it pairs extremely well with the Chase Ink Business Preferred® Credit Card and the Chase Ink Business Unlimited® Credit Card.

Here is what you need to know about the Chase Ink Business Cash.

Who is the Chase Ink Business Cash For?

The perfect cardholder is a business owner who spends a lot in the 5% and 2% cash back categories. Business owners seeking primary rental car insurance, purchase protection, and free employee cards will also like this card. Those already holding other Chase business and personal cards can also get a lot out of the Ink Business Cash. Points can be transferred to other cards (Ink Business Preferred, Chase Sapphire Reserve®, and the Chase Sapphire Preferred® Card) where they can be redeemed at higher amounts. This is a great card for large and small businesses as well as freelancers.

Featured Ink Business Cash Benefits

The Ink Business Cash has a variety of great benefits, but here are our favorites.

5% Cash Back Categories

The Ink Business Cash’s star benefit is its 5% cash back (or 5 points per dollar spent) earning categories. Cardholders earn 5% cash back on the first $25,000 spent per year on internet, cable, and phone services. Office supply store purchases also earn 5% cash back. The card earns 1% cash back after you spend a combined $25,000 on those categories. After hitting the $25,000 cap, it makes sense to use the Ink Business Unlimited to earn 1.5% cash back.

Internet, cable, and phone services include companies like Xfinity and Verizon. Hardware is not included, so you should take that into consideration when buying a new phone or cable modem. Office supply store purchases include stores like Office Depot and Staples.

This benefit is worth a minimum of $1,250 ($25,000 x .05) if you redeem the points for cash. It can be worth much more if you transfer the points to a card like the Ink Business Preferred.

2% Cash Back Categories

The Ink Business Cash earns 2% cash back (or 2 points per dollar spent) on the first $25,000 spent per year on restaurants and gas. After spending a combined $25,000 in those categories, the card earns 1% cash back. Restaurants include fast food establishments, fine dining, pizza shops, delivery services (DoorDash, UberEats), and more. Gas station purchases must be processed by the gas station to be eligible for the 2% bonus. After hitting the $25,000 cap, it makes sense to use the Ink Business Unlimited to earn 1.5% cash back.

This benefit is worth a minimum of $500 ($25,000 x .02) if you redeem the points for cash.

$750 New Account Bonus

Cardholders earn a $750 sign-up bonus after spending $6,000 in purchases in the first three months after opening the account. This is a very generous sign-up bonus for a no-annual-fee business credit card. It is essential you have at least $6,000 in potential expenses before signing up for this card as you are only eligible for the bonus once. The $750 cash back bonus is equal to 75,000 Chase Ultimate Rewards points.

This benefit is worth $750 when redeemed for cash or a statement credit. It is worth much more when transferring to an Ultimate Rewards card. For example, the Ink Business Preferred redeems points at 1.25 cents per point when booking travel through Chase. The Chase Sapphire Reserve® redeems points at 1.5 cents per point when redeemed through various methods, while the Chase Sapphire Preferred Card redeems points at 1.25 cents per point. All three of those cards have the ability to transfer points to various hotel and airline partners where points are worth as much as 2 cents per point!

Other Ink Business Cash Benefits

The Ink Business cash also features a variety of travel and shopping-related benefits.

0% Intro APR for 1 Year

Cardholders enjoy a 0% introductory APR on purchases for the first 12 months after account opening. The Ink Business Unlimited offers the same introductory rate.

While we always recommend paying off your statement balance in full each month, this offer gives you leeway. If your business is strapped for cash for one month, simply make the minimum payment without accruing interest.

No Annual Fee

While we mentioned this benefit earlier, it is worth repeating. The Ink Business Cash card has no annual fee despite its many benefits. One such benefit, primary rental car insurance, is usually only found on cards with annual fees. The Ink Business Cash, as well as the Ink Business Unlimited, has this benefit and many others.

Free Employee Cards

You can rack up valuable cash back and Chase Ultimate Rewards points fast with complimentary employee cards. Chase provides the ability to set spending limits for each card, so you do not have to worry about employees maxing out your account. Employee cards also earn cash back to help you max out the 5% and 2% categories every single year.

Auto Rental Collision Damage Waiver (rental car insurance)

This is one of our favorite benefits. The Ink Business Cash offers primary rental car insurance when putting the entire rental on your card. Primary rental car insurance means you go through Chase instead of your personal policy. Coverage is valid for business rentals, and it covers damage and theft. You must decline the rental car company’s collision insurance to activate coverage.

Roadside Dispatch and Travel Services

While helpful, these benefits come at a price. If you or your employees experience a roadside emergency, your Ink Business Cash card offers roadside dispatch services. Emergencies include a flat tire, gas delivery, and more. You will be responsible for any and all service fees.

Cardholders also enjoy travel and emergency assistance services. Simply call the Benefits Administrator for medical and legal referrals if you run into a problem while traveling. You will be responsible for service and goods fees.

Purchase and Warranty Protection

As a business owner, you are probably buying a lot of goods and merchandise. One of the best benefits of the Ink Business Cash card is that it offers 5% cash back at office supply stores. The purchase protection benefit means your new purchase is covered for 120 days up to $50,000 ($10,000 per claim) against theft and damage. This is great insurance if you are buying expensive items that may be prone to damage at your place of business. Warranty protection extends the manufacturer’s warranty by an additional year on warranties three years or less. Simply use your Ink Business Cash card to activate both purchase and warranty protection.

Chase Ink Business cardholders can refer a Chase Ink Business card to other business owners and earn points. Current cardholders earn 20,000 points per approval (up to 100,000 per year). That is $200 in cash per approval and up to $1,000 per year!

Ink Business Cash Point and Cash Back Redemption Methods

There are numerous ways to redeem your cash back, but some ways are better than others.

Cash or Statement Credit

Taking cash back or a statement credit is the easiest and most obvious way to redeem your points. Points are worth 1 cent per point. That means 30,000 points is worth $300 in cash or through a statement credit. While that is not a bad way to redeem points, there are more lucrative methods.

Booking Travel Through Chase

Cardholders can also redeem points by booking travel through Chase, but there are no added benefits to simply taking cash back or a statement credit. Points are still worth 1 cent per point. That means 50,000 points will net you $500 when booking travel via Chase. If you really want to book travel through Chase, you should consider transferring your points to one of the following three cards — Chase Sapphire Reserve, Chase Sapphire Preferred, and the Chase Ink Business Preferred. Points are worth 50% more when booking travel with the Sapphire Reserve. Points are worth 25% more when booking travel with the Sapphire Preferred and the Ink Business Preferred

Gift Cards or the Apple Ultimate Rewards Store

Cardholders can redeem points by purchasing gift cards or through the Apple Ultimate Rewards Store. Points are worth 1 cent per point, so there is no added benefit to simply taking cash back. We do not recommend this method because better value and flexibility can be found elsewhere.

Transfer Points to a Premium Chase Card (best method)

The best way to redeem Ink Business Cash points is to transfer them to the Chase Sapphire Reserve, Chase Sapphire Preferred, and the Chase Ink Business Preferred. Here is how much you can potentially redeem your points for when transferring.

Chase Sapphire Reserve: The Sapphire Reserve redeems points at up to 50% more value when redeemed via the Pay Yourself Back Program and booking travel via Chase. That means 200,000 points (or $2,000 in cash back) are worth $3,000 ($2,000 x 1.5) with the Sapphire Reserve instead of $2,000 with the Ink Business Cash. Additionally, the Sapphire Reserve allows you to transfer points to a variety of affiliated hotels and airlines for value at 2 cents per point or more.

Chase Sapphire Preferred: The Sapphire Preferred redeems points at up to 25% more value when redeemed via the Pay Yourself Back Program and booking travel via Chase. That means 200,000 points (or $2,000 in cash back) are worth $2,500 ($2,000 x 1.25) with the Sapphire Preferred instead of $2,000 with the Ink Business Cash. Additionally, the Sapphire Preferred allows you to transfer points to a variety of affiliated hotels and airlines for value at 2 cents per point or more.

Ink Business Preferred: The Ink Business Preferred redeems points at 25% more value when redeemed via the Pay Yourself Back Program and booking travel via Chase. That means 300,000 points (or $3,000 in cash back) are worth $3,750 ($3,000 x 1.25) with the Ink Business Preferred instead of $3,000 with the Ink Business Cash. Additionally, the Ink Business Preferred allows you to transfer points to a variety of affiliated hotels and airlines for value at 2 cents per point or more.

Pay Yourself Back Program (through December 31, 2022)

Through March 31, 2023, cardholders can redeem points at 10% more value (1.1 cents per point) using the Pay Yourself Back program. Eligible purchases include shipping, internet, cable, and phone services. For example, 5,000 points would be worth $55 instead of $50 using Pay Yourself Back.

Through December 31, 2023, points are worth 25% more (1.25 cents per point) using the Pay Yourself Back program for select charities. For example, 5,000 points would be worth $62.5 instead of $50.

What Businesses Are Eligible?

Chase Ink Business cards are open to businesses of all sizes. From huge corporations to freelancers, Chase accepts a wide variety of different companies and sole proprietorships. As a business owner, it makes sense to earn points on business purchases as well as have extra purchase and warranty protection.

The Vacationer’s Final Thoughts

The Chase Ink Business Cash card is a no-brainer for business owners looking for a no-annual-fee card with a ton of benefits. In my opinion, the primary rental car insurance alone makes it worth getting. To get the full benefit, you should spend enough to qualify for the $750 sign-up bonus. You should also take advantage of the 5% and 2% cash back categories if you cannot do better anywhere else. I recommend pairing the Ink Business Cash card with at minimum the Ink Business Unlimited card. Doing that ensures you will earn at least 1.5% cash back on every purchase. For the maximum value, pair both of those cards with the Ink Business Preferred card.

Editorial Disclosure: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.