Ink Cash℠ Business Review

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Last month when I reviewed the best small business credit cards, I was actually selfishly doing some personal research. I was looking for the best card to start using for my own business, running PT Money.  Right up front, I can tell you that you don’t need a business credit card to run your business. You can simply run your business from the cash available in your separate business checking account. For the large part of this year that’s what I’ve been doing. However, I knew I was missing out on some cash back rewards from the small amount of spending I was doing for my business.

Also, I had some business-related travel coming up and I hated using my business checking account to put the hold on the hotel. Plus, I wanted the benefit of having a second business spending line while I was on the road. Lastly, I knew I didn’t want an annual fee just for these benefits.

My primary goal was to get a card with no annual fee that also gave me the ability to earn bonus cash back rewards on dining out and office supplies. I quickly found that the new Ink Cash℠ Business was going to be my best bet. I signed up and have been using the card for about a month now. Here’s my review:

Benefits of the Ink Cash Business from Chase

• Earn $100 Bonus Cash Back after making your first purchases
• Earn $150 Bonus Cash Back after spending $5,000 in the first three months
• 5% cash back on the first $25,000 spent annually on office supplies, wireless, landlines and cable services
• 2% cash back on the first $25,000 spent annually on gas and dining
• 1% cash back on all other purchases with no limit on the amount of cash back you can earn
• Cash back rewards do not expire
• 0% intro APR for 12 months on purchases and balance transfers
• No annual fee*

Here’s a video from ABC News, which is a product showcase for all of the new Chase business cards. Skip to 3:27 for the details on the Ink Cash℠ Business:

Remember to Sign Up Through Chase Ultimate Rewards

To take advantage of the rewards program available through the Ink Cash℠ Business, you’ll need to sign up once with the Chase Ultimate Rewards program. Once you get your card in the mail you’ll see the instructions to do so. Once you’re signed up, you’ll start earning 1% cash back on all your purchases, plus the 5% and 2% cash back in the additional categories. Keep in mind that the additional 5% and 2% is limited to $25,000 in spending a year. That’s the only points limit you have to deal with.

Ink from Chase Small Business Management Tools

One of the cool things about this card is how it helps you manage your small business. Particularly if you have employees who need a credit card. First, you can get as many employee cards are you need, and earn rewards on the spending from those cards. You can also set a different monthly spending limit on each card, which I thought was a great feature.

Create your own employee spending limits.

To help you track your business expenses, they have some canned reports you can pull from the online interface. They also have a quarterly management report, which I can’t see yet since I haven’t been on board that long.

Create your own expense reports.

Other Benefits of the Ink Cash Business

It’s worth noting that this card also has a nice 0% promotion upfront. You get an APR of 0% on all purchases and balance transfers for the first 12 months. Finally, like I said above, the card has no annual fee and a $250 bonus cash back.  I really like this card. Like I said above. I’m using it and I feel like it’s helping me keep my business and personal expenses separate all while giving me the cushion and protection that comes from a credit card. Plus, I get the points too.  Read more or apply for the Ink Cash℠ Business.

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