Ink Business Cash Card: 8 Reasons To Apply

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The Ink Business Cash℠ Credit Card is one of the all-around most lucrative business credit cards out there. The card has a big welcome bonus, no annual fee, and offers up to 5x points. In conjunction with cards earning Ultimate Rewards points, this can be one of the most useful cards out there for a small business.

In this post I wanted to look at eight reasons you should consider applying for the Chase Ink Cash:

Ink Cash 50,000 point bonus

The Ink Business Cash has a welcome bonus of 50,000 points after spending $3,000 within three months. I consider this to be the best welcome bonus offered by any no annual fee card out there.

On the surface this is a cash back card, meaning that the 50,000 points are worth $500 cash back.

However, you can potentially convert these points into Ultimate Rewards points, which I value at 1.7 cents each, so to me that bonus is worth up to $850.

Redeem Ultimate Rewards points for travel in ANA first class

Ink Business Cash no annual fee

The Ink Business Cash has no annual fee. Getting a no annual fee card that’s super rewarding is pretty rare, especially when you consider that the card has a welcome bonus that I value at $850, which is almost unheard of for a no annual fee card.

I’d argue that this is one of the two most compelling no annual fee business cards, along with The Blue Business℠ Plus Credit Card from American Express (Rates & Fees), which offers 2x Membership Rewards points on the first $50,000 spent each calendar year.

The Ink Cash 5x points categories

The Ink Cash offers 5x points on the first $25,000 of combined purchases per account anniversary year at office supply stores, and on internet, cable, and phone services.

If nothing else, earning 5x points on your cell phone and cable bill is huge, in my opinion.

The Ink Cash 2x points categories

On top of the 5x points categories, the Ink Cash offers 2x points on the first $25,000 of combined purchases per account anniversary year at restaurants and gas stations.

While these are categories that other cards also offer bonuses on, that’s pretty generous for a no annual fee card.

Earn 2x points at restaurants with the Ink Cash

Ink Business Cash car rental coverage

The Ink Cash offers primary collision damage waiver coverage for rentals of most types of vehicles in most countries, except where it is prohibited by law, by individual merchants, or is in violation of the territory terms of the rental agreement. Prior to renting, you should check with the benefits administrator (call the number on the back of your card) to verify your coverage. Keep in mind, you’re only eligible for coverage when renting for business purposes. For personal rentals look to the Chase Sapphire Preferred or Chase Sapphire Reserve.

Get useful car rental coverage with the Ink Cash

Ink Cash travel and purchase protection benefits

In addition to the car rental coverage, the Ink Cash offers other purchase and travel benefits, including (but not limited to) the following:

  • Trip cancelation and interruption coverage, of up to $5,000 per trip
  • Purchase protection for up to 120 days against damage or theft
  • Extended warranty protection, for up to a year on eligible purchases

You’ll want to read the cardmember agreement for exact terms, but this has the potential to be extremely valuable for purchases as well. Tiffany wrote about her experience with this benefit.

Get useful trip interruption coverage with the Ink Cash

Ink Cash 0% intro APR

While this isn’t personally something I’ve ever taken advantage of, I know this is a popular benefit for many, especially those who have growing businesses. The Ink Business Cash is offering 0% intro APR on purchases for the first 12 months.

You’ll want to try to pay that off within that time period, though, because after that the variable APR can be quite high.

Maximize the value of your card with Ultimate Rewards

On the surface, the Ink Business Cash is a cash back card, as the name suggests. So when I talk about “points” above, each point gets you one cent cash back.

That’s potentially valuable in the categories in which the card offers bonus points, since 2% – 5% cash back on a no annual fee card is solid. However, for base spend you’re only earning a return of 1%, which isn’t terribly competitive.

However, you can do much better than that if you have the Chase Sapphire PreferredChase Sapphire Reserve, and/or Ink Business Preferred.

If you have the Ink Business Cash in conjunction with any of the above three cards, then those points can be converted into Ultimate Rewards points at a 1:1 ratio.

I value Ultimate Rewards points at 1.7 cents each, so to me that increases the value of the points earned on this card by 70% — more on the Ultimate Rewards program.


Redeem Ultimate Rewards points for travel in United Polaris

Getting approved for the Ink Cash

If you plan to apply for the Ink Business Cash there are a few things to be aware of:

  • The Ink Cash is subjected to Chase’s “5/24 rule,” meaning you typically won’t be approved for the card if you’ve opened five or more new card accounts in the past 24 months
  • You are eligible for the Ink Cash if you have the Ink Preferred and/or Ink Unlimited, as all three cards are considered separate products (I have all three cards, for example)
  • While there’s no hard limit to how many Chase credit cards you can have, there is often a limit to how much total credit Chase will extend you
  • Generally, I recommend only applying for one Chase business card every 30 days at most

Ink Business Cash bottom line

The Ink Business Cash is a phenomenal no annual fee business credit card with a valuable welcome bonus. Being able to earn 2-5x points on a card that complements other Ultimate Rewards cards is an excellent opportunity. Add in the fact that the card offers great benefits, and this is a no annual fee card you’ll want to keep long term.

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Blue Business℠ Plus Credit Card from American Express (Rates & Fees).

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Comments

  1. Got a question about this…

    > You are eligible for the Ink Cash if you have the Ink Preferred and/or Ink Unlimited, as all three cards are considered separate products (I have all three cards, for example)

    I currently have a bunch of Chase cards (about 8 total, I think). I have TWO Ink Plus cards (one was converted from an even older Ink Bold card). I also have an Ink Preferred. No other “Inks”. What are the chances I would be approved for an Ink Cash card, too? Thanks.

  2. I have a new traveling me hotel rewards card myself. In fact, I just picked up affiliate new credit cards myself after being approved left and right for high lines of credit.

    I would recommend to anyone to have a travel rewards points card and here’s why. With some credit card offers that offer travel rewards, you can potentially convert those points into cash. And if you’re low on cash, you can potentially use those travel rewards points or hotel rewards points to book yourself a free hotel room for one night or possibly even two. And it’s always a good idea to have extra credit cards on deck just in case you need to rent a luxury vehicle or have a spare credit card on hand just in case one doesn’t get authorized.

  3. @Lucky: A while back I read your post about your plan to get the three Chase Business Cards after you dropped under 5/24. It was while I was waiting to get under 5/24 myself, so I followed you. First I got the Ink Preferred, and now I am almost done qualifying for the spend on Ink Cash. I have one slot more that will open in May.

    I read in a comment on your blog not too long ago where someone said that you needed to be under 5/24 to GET these business cards, but once you had them, they didn’t fill the 5/24 slots. Someone else said it, not you. I have tried twice to verify while talking to Chase, and they act like they don’t know anything about that. Do you find that statement to be true? I’m really curious because I am having a hard time deciding how to fill my last slot available for awhile, and if it is true, I can get two cards I am interested in, not just one! :~) Thank you!

  4. Why would anyone put there cellphone bill on the Chase Ink Cash which earns 5x instead of the Chase Ink Preferred that only earns 3x but gives you $600 (minus $100 copay) per cellphone benefit? Maybe they do not have the Chase Ink Preferred?

  5. @Dixieboz – Since these are business cards they will not appear on your personal credit report and will not take up a “5/24” slot. I have been waiting 2 years to fall under “5/24” but during that time I have been approved for 5 Business credit cards that do not appear on my personal credit report and do not affect “5/24”. I fell under “5/24” 2 months ago and applied for the ink preferred card. When I was approved my credit file displayed that I was at “3/24”. I hit the minimum spend for the bonus last week and applied for the Ink Cash card (Approved BTW). My credit file displayed that I am at “2/24” even though I’ve had the Ink Preferred card for 2 Months.

  6. @Teddy1971 ~ good news, so more Chase Cards for me before I get shut out, haha.

    I am guessing that Chase bonus points don’t hit right away when you meet your spend requirement like they do with the Amex. Is that correct? I’m over my $5k on the Ink Preferred and want to start putting my cell and internet on the Ink Cash. But I’m afraid to since I haven’t got my Ink Preferred bonus yet. Am I worrying too much? I’m only over the 5K by $80 or so.

  7. @Jim~ I just saw your comment and it makes sense. I guess I should just put my home internet on the Ink Cash and the Cell on the Ink Preferred. I totally forgot that. I learn so much from all these comments! :~)

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