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3. Ink Business Cash® Credit Card review: Intro APR offer, plus rewards

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reviews

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Rating: 3 out of 5.

Great for business bonus rewards

Annual Fee: $0

This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

Here’s the average credit limit of members who matched their Ink Business Cash® Credit Card or similar cards.

% of members by credit limit range

The average credit limit for members who have matched with this card or similar cards is $9,903, with $5,000 being the most common.

Here’s the average credit score of members who matched their Ink Business Cash® Credit Card or similar cards.

% of members by credit score range

The average credit score for members who have matched with this card or similar cards is 697, with 811 being the most common. Note this is just one of the deciding factors when it comes to getting approved.

Member stats

Updated daily

26.2%

Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.

48 years

Average age of members who matched this card or similar cards.

$101,864

Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.

Pros and cons

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No annual fee

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Introductory 0% purchase APR

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Up to $750 welcome bonus

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Limited bonus categories

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No balance transfer offer

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Foreign transaction fees

What you need to know about the Ink Business Cash® Credit Card

If you’re a small-business owner looking for a business credit card, you might be considering the Ink Business Cash® Credit Card — especially since it has no annual fee. Plus, having a business credit card can help you build up your business credit score.

Here’s what else you need to know about this business credit card from Chase.

0% introductory purchase APR

The Ink Business Cash® Credit Card has a 0% introductory APR for purchases for 12 months from account opening. After that, the purchase APR will be a variable rate of 17.49% - 25.49%.

This intro APR might be great if you plan to make a big purchase in the first year you have the card. But to take full advantage of the potential cost savings, you’ll want to make sure you pay off your balance before the first year is up. Otherwise, you’ll owe interest.

Sign-up bonus

You’ll also get a $350 sign-up bonus after making at least $3,000 in purchases during the first 3 months and an additional $400 when you spend $6,000 on purchases in the first 6 months after account opening.

This may sound like a steep price to pay, but if you’re planning to make a big business purchase anyway, it’s a quick way to score some easy cash back.

Bonus categories have limitation

You’ll earn 5% cash back when you shop at office supply stores or pay for internet, cable or phone services with your card — on up to $25,000 in purchases each year.

The same $25,000 limit applies to the 2% cash back rate when you dine out or get gas. Once you hit the limit for bonus category purchases, you’ll get the card’s standard 1% cash back rate that applies to all other purchases.

These bonus categories might not be useful for all businesses. If you have a remote work model or don’t travel to visit clients or have business meals, you might not be able to take advantage of the extra cash back — so consider whether this is the card for you before making the choice.

What else you need to know about the Ink Business Cash® Credit Card

• Free employee credit cards — Multiple cards for your employees can help you earn cash back rewards even faster. Plus, you can set individual spending limits.
• Not ideal for global travelers — This card charges a 3% foreign transaction fee when you use it overseas.
• There’s no balance transfer offer — If you’re looking to transfer an existing balance to this card, you’ll have to pay interest.
• Multiple options for rewards redemption — Cash back rewards can be redeemed for cash back in the form of a statement credit or direct deposit. You can also use them to make purchases in the Chase Ultimate Rewards store for things like gift cards, travel and Apple products.

Who this card is good for

This card is probably best for a small-business owners looking to make a big purchase in the first year of having the card. This way you can take advantage of the sign-up bonus and introductory 0% APR offer.

It could also be a good fit for small businesses that spend regularly on office supplies, telecom expenses or regular dining or gas purchases. To max out this card’s rewards potential, you’ll need to spend enough on business expenses that fall into the two highest bonus categories.

Not sure this is the card for you? Consider these alternatives.

• Ink Business Preferred® Credit Card:
This card may good for small-business owners with higher spending habits or those who travel frequently.
• The American Express Blue Business Cash™ Card:
This card may be a great pick for business owners looking for a simple, flat-rate rewards structure.