In early February I wrote a post about the Chase Sapphire Preferred® Card, which I consider to be the single most valuable credit card in the market. For me it’s a “super card,” given that it offers double points on dining and travel, no foreign transaction fees, a reasonable annual fee, great purchase protection, primary car rental coverage, etc.
Chase’s comparable business credit card is the Ink Plus® Business Card, which also has great bonus categories, no foreign transaction fees, and a reasonable ($95) annual fee.
But one card that’s often overlooked is the Ink Business Cash℠ Credit Card. It’s basically the no annual fee version of the Ink Plus, and if you play your cards right (no pun intended), can be just as rewarding without the annual fee.
The card has generous bonus categories
The Ink Cash offers the following bonus categories:
- 5x points on spend at office supply stores, landlines, internet, and wireless phones
- 2x points spent on gas and restaurants
The category bonuses are capped at $25,000 of spend per year, which I’m guessing is a moot point for most of us. There aren’t many business credit cards which offer double points on restaurants, which is pretty awesome, given what a common business expense it is.
Earn double points at restaurants with the Ink Business Cash℠ Credit Card
Admittedly you can always use the Chase Sapphire Preferred and reimburse yourself, but from an accounting perspective it’s much easier to put a business dinner directly on a business credit card.
You can earn Ultimate Rewards points!
This card is marketed as being a cash back card, meaning each point you earn gets you one cent cash back. That means the 5x points bonus categories are really 5% cash back categories.
However, in conjunction with a card that accrues premium Ultimate Rewards points — like the Chase Sapphire Preferred — these points can be converted into premium Ultimate Rewards points at a 1:1 ratio.
Ultimate Rewards airline transfer partners
If you’re looking to minimize annual fees, I don’t think there’s a better personal/business “power couple” of credit cards than the Chase Sapphire Preferred and Ink Cash. Combined you’re looking 5x points at office supply stores, landlines, internet, and wireless phones, 2x points on travel, dining, and gas, and no foreign transaction fees. All for just the $95 annual fee on the Chase Sapphire Preferred, which is even waived the first year.
Bottom line on the Ink Cash
I think this is one of the most lucrative no annual fee business credit cards out there, especially in conjunction with another card accruing “premium” Ultimate Rewards points.
This is both a card that’s worth applying for, or otherwise a card you can “downgrade” to from the Ink Plus. The annual fee on my Ink Plus is due soon, at which point I plan on applying for the Ink Cash card to replace it.
In my case there’s no upside to the Ink Plus over the Ink Cash, given that I’ll hang onto the Chase Sapphire Preferred as long as the benefits stay the same.