Chase Ink Business Cash Card Review: Earn Extra Cash for Your Business

Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

Chase Ink Business
Logo

We’ve got your back! Student Loan Hero is a completely free website 100% focused on helping student loan borrowers get the answers they need. Read more

How do we make money? It’s actually pretty simple. If you choose to check out and become a customer of any of the loan providers featured on our site, we get compensated for sending you their way. This helps pay for our amazing staff of writers (many of which are paying back student loans of their own!).

Bottom line: We’re here for you. So please learn all you can, email us with any questions, and feel free to visit or not visit any of the loan providers on our site. Read less

For small business owners, getting the right credit card is essential. That’s because business credit cards are often tailored to specific business needs. The Chase Ink Business Cash Card is an option every small business owner should consider.

This card offers bonus rewards on certain office-related expenses as well as a 0% APR promotion that’s hard to find with business credit cards. Find out more in our Chase Ink Business Cash Card review below.

Chase Ink Business Cash Card review

The Chase Ink Business Cash card can be a boon to some small business lenders. It can also just be another mediocre card for others. It all depends on how you spend your money. Here are some perks that come with the card:

  • Earn five percent cash back at office supply stores and on cell phone, landline, internet, and cable TV services.
  • Earn two percent cash back at gas stations and restaurants and one percent back everywhere else.
  • Receive a sign-up bonus worth $300 after spending $3,000 in the first three months.
  • Get a 0% APR promotion on purchases and balance transfers for the first 12 months.
  • No annual fee.

While these benefits may seem hard to beat at first glance, there are drawbacks to consider:

  • The five percent and two percent bonus rewards are limited to the first $25,000 spent per year.
  • If your business doesn’t spend a lot in the card’s five percent categories, you’re not getting much value.
  • If you travel a lot, a travel business credit card may provide more value.
Check Out the Chase Ink Business Cash Card Today

Get accelerated rewards with Chase Ink Business Card

For a no-annual-fee credit card, the Chase Ink Business Cash Card packs a punch in the rewards realm. If you spend the full $25,000 limit each year — that’s $2083.33 per month — you’ll earn $1,250 per year in cash back on just those purchases.

If you spend the full $25,000 limit each year — that’s $2083.33 per month — you’ll earn $1,250 per year in cash back on just those purchases.

Plus, getting two percent cash back at restaurants and gas stations (up to $25,000 in combined purchases between the two) is a bonus. When you max that out, that’s another $500 in rewards each year.

While the card is considered a cash back card, you can also redeem your rewards for gift cards or travel. If you want to stick with cash back, though, you can get it through a statement credit or direct deposit into your checking account.

Keep in mind that you don’t need a Chase checking account; you can get your cash back deposited into any U.S.-based checking or savings account. The minimum redemption amount is $20 (or 2,000 points), so you’ll need at least that much in your account before you can do anything.

What’s more, your rewards never expire as long as your account is open and in good standing.

Chase Ink Business Cash Card APR promotion

Balance transfer promotions are common among personal credit cards, but they’re unicorns among business credit cards. The Chase Ink Business Card is one of just a few business cards I’m aware of that offers a 0% APR promotion on both new purchases and balance transfers.

If you’re planning to make a large purchase and want to transfer a balance from a high interest rate, this card can be a lifesaver. With it, you’ll get no interest for 12 months.

As long as you pay off the balance in full before the period ends, you won’t pay interest. And if there is a balance at the end, only that amount will incur interest.

Chase Ink Business Cash Card’s $300 sign-up bonus

Another incentive to keep new cardholders happy is the card’s sign-up bonus. To get the cash, you just need to spend $3,000 in the first three months after being approved for the card.

Keep track of your spending to make sure you’re on track. And if your business is still new and you’re not spending at least $1,000 a month, avoid spending money on things you don’t need just to get the bonus.

Other features

Despite being a business credit card, the Chase Ink Business Cash Card doesn’t offer many business-related perks. But you will get other standard features with the card, including:

  • Purchase protection in case an item you buy with the card is damaged or stolen.
  • Extended warranty protection.
  • Travel accident insurance.
  • Travel and emergency assistance services.
  • Roadside dispatch.
  • Rental car insurance.
  • Baggage delay insurance.
  • Lost luggage reimbursement.
  • Free employee cards.

Plus, with Chase’s mobile app, you can get instant purchase alerts, file receipts, and manage employee spending.

Discover the Chase Ink Business Cash Card Here

Chase Ink Business Cash Card rates and fees

As with any credit card, the Chase Ink Business Card charges interest (after the initial 0% APR period) and fees. Depending on how you use the card, the fees and interest may negate the rewards you earn.

Fees

Fortunately, the card has no annual fee, but there are others you should be aware of:

  • Balance transfer fee of five percent or $5, whichever is greater.
  • Cash advance fee of five percent or $15, whichever is greater.
  • A Foreign transaction fee of three percent.
  • Late payment fee of up to $39, depending on your balance.
  • Return payment fee of $39.

APR

Once your 0% APR promotion is over, the Chase Ink Business Cash still offers a lower-than-average APR starting at 13.99% (as of April 2017). Other APRs you should be aware of include:

  • Cash advance APR: 25.74%
  • Default or Penalty APR: up to 29.99%

You’ll be assessed the penalty APR if you’re late with your payment or payment is returned. The card offers a 20-day minimum grace period. Cash advances don’t get a grace period; interest begins accruing immediately.

Applying for the Chase Ink Business Cash Card

To begin the application process, click on the “Apply Now” button on the card details page. You’ll then enter the following information.

Information about your business

  • Legal name of business
  • Business name on card
  • Type of business
  • Tax identification number
  • Number of employees
  • Annual business revenue
  • Years in business
  • Business mailing address and phone number

Information about you

  • Relationship to the business
  • Name and date of birth
  • Residential address
  • Gross annual income
  • Phone number and email address
  • Social Security number

If you want cards for your employees or want to do a balance transfer, you can enter that information during the application process as well. You’ll then read some disclosures before submitting your application.

Chase customer service reviews

Customer reviews about Chase and the Chase Ink Business Card are few and far between outside of Chase’s website.

According to J.D. Power, Chase ranked fifth out of ten major credit card issuers in its 2016 customer satisfaction study. The ranking puts the bank’s service at about average.

Apply for the Chase Ink Business Cash Card

Contact Chase

If you have any questions about the Chase Ink Business Cash Card or the bank’s other products, you can reach them directly at 1-800-432-3117. If you already have a Chase account, you can also reach out to them via secured messaging in your online account.

Chase’s support team is also available on social media through Twitter @ChaseSupport, and the bank’s Facebook page.

Interested in a personal loan?

Here are the top personal loan lenders of 2018!
LenderAPR RangeLoan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Personal LoansFixed rates from 7.08% APR to 15.37% APR (with AutoPay). Variable rates from 5.81% APR to 14.11% APR (with AutoPay). SoFi rate ranges are current as of August 10, 2018 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.81% APR assumes current 1-month LIBOR rate of 2.07% plus 4.175% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
  2. Minimum Credit Score: Not all applicants who meet SoFi’s minimum credit score requirements are approved for a personal loan. In addition to meeting SoFi’s minimum eligibility criteria, applicants must also meet other credit and underwriting requirements to qualify.
  3. SoFi Personal Loans are not available to residents of MS. Maximum interest rate on loans for residents of AK and WY is 9.99% APR, for residents of IL with loans over $40,000 is 8.99% APR, for residents of TX is 9.99% APR on terms greater than 5 years, for residents of CO, CT, HI, VA, SC is 11.99% APR, and for residents of ME is 12.24% APR. Personal loans not available to residents of MI who already have a student loan with SoFi. Personal Loans minimum loan amount is $5,000. Residents of AZ, MA, and NH have a minimum loan amount of $10,001. Residents of KY have a minimum loan amount of $15,001. Residents of PA have a minimum loan amount of $25,001. Variable rates not available to residents of AK, TX, VA, WY, or for residents of IL for loans greater than $40,000.
  4. Terms and Conditions ApplySOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS #1121636.
    (www.nmlsconsumeraccess.org)

2 Includes AutoPay discount. Important Disclosures for Payoff.

Payoff Disclosures

  1. All loans are subject to credit review and approval. Your actual rate depends upon credit score, loan amount, loan term, credit usage and history. Currently loans are not offered in: MA, MS, NE, NV, OH, and WV.

3 Important Disclosures for FreedomPlus.

FreedomPlus Disclosures

  1. All loans available through FreedomPlus.com are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a FreedomPlus representative for further details. The following limitations, in addition to others, shall apply: FreedomPlus does not arrange loans in: (i) Arizona under $10,500; (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. Repayment periods range from 24 to 60 months. The range of APRs on loans made available through FreedomPlus is 4.99% to a maximum of 29.99%. APR. The APR calculation includes all applicable fees, including the loan origination fee. For Example, a four year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13. To qualify for a 4.99% APR loan, a borrower will need excellent credit on a loan of $15,000 with a term of 24 months, and qualify for at least two of the following discounts: (1) add a co-borrower who has sufficient income; (2) use at least fifty percent of the loan proceeds to directly pay off existing debt; or (3) show proof of having at least forty-thousand dollars in retirement savings – contact FreedomPlus for further details.

4 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate DisclosureFixed interest rates from 6.49% – 19.49% (6.49% – 19.49% APR) based on applicable terms. Lowest rates range from 5.99%-18.99% (5.99%-18.99% APR), are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment Discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.

5 Important Disclosures for LendingPoint.

LendingPoint Disclosures

  • Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates (“APR”) may vary based upon LendingPoint’s proprietary scoring and underwriting system’s review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 6% may apply depending upon your state of residence. Upon LendingPoint’s final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. LendingPoint makes loan offers from $2,000 to $25,000, at rates ranging from a low of 15.49% APR to a high of 34.49% APR, with terms from 24 to 48 months. The loan offer(s) shown reflect a 28 day payment cycle which is being offered as a courtesy as many of our customers are paid on a biweekly schedule and thus this may better align the loan payment dates with your actual income receipt schedule.

6 Important Disclosures for LendingClub.

LendingClub Disclosures

All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.16% to 35.89%. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at time of application. The origination fee ranges from 1% to 6% and the average origination fee is 5.49% as of Q1 2017. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months or longer.


7 Important Disclosures for Earnest.

Earnest Disclosures

  1. Earnest does not lend in Alabama, Delaware, Kentucky, Nevada, or Rhode Island.

8 Important Disclosures for Avant.

Avant Disclosures

* The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC.

** Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33


* Important Disclosures for Upgrade Bank.

Upgrade Bank Disclosures

* Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. This rate includes an Autopay APR reduction of 0.5%. By enrolling in Autopay your payments will be automatically deducted from you bank account. Selecting Autopay is optional. Annual Percentage Rate is inclusive of a loan origination fee, which is deducted from the loan proceeds. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. All loans made by WebBank, member FDIC. Please refer to Upgrade’s Terms of Use and Borrower Agreement for all terms, conditions and requirements.

** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.

7.73% – 29.99%$1,000 - $50,000Visit Upstart
5.81% – 15.37%1$5,000 - $100,000Visit SoFi
6.87% – 35.97%*$1,000 - $50,000Visit Upgrade
8.00% – 25.00%2$5,000 - $35,000Visit Payoff
4.99% – 29.99%3$10,000 - $35,000Visit FreedomPlus
5.99% – 18.99%4$5,000 - $50,000Visit Citizens
15.49% – 34.49%5$2,000 - $25,000Visit LendingPoint
6.16% – 35.89%6$1,000 - $40,000Visit LendingClub
5.49% – 18.24%7$5,000 - $75,000Visit Earnest
9.95% – 35.99%8$2,000 - $35,000Visit Avant
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.