Great Card If
- Your business spend falls within the bonus categories
- You want a card that earns flexible rewards
- You want a card that keeps you covered with travel insurance and purchase protection
- You want a card with no annual fee
Don’t Get If
- You want a credit card that earns travel rewards, benefits, and perks
- Your business spend primarily falls outside of the bonus categories
Ink Business Cash Card — Is It Worth It?
The Ink Business Cash card is well worth it for small business owners with expenses that fall within the 5% and 2% back categories. Keep in mind, though, that these returns are capped at $25,000 in combined purchases for each category. So if your business expenses are much larger, you may want to consider supplementing the Ink Business Cash card with additional rewards cards to further maximize your rewards.
However, if your business spend needs meet the $25,000 threshold for the 5% category, you could be earning, at minimum, $1,250 in cash-back each and every year, all from a card with no annual fee!
Ink Business Cash Top Benefits
No-Cost Employee Cards
If you have multiple employees, it can be a major hassle to have to pass 1 company card back and forth. Fortunately, the Ink Business Cash card allows you to add as many employee cards as you’d like, for no added cost.
Travel and Purchase Coverage
The Ink Business Cash card keeps your purchases covered with the following protections:
- Purchase Protection: When you purchase an item with your card, it is covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Extended Warranty Coverage: Items that you purchase with your card, with warranties of 3 years or less, are extended by an additional year.
- Rental Car Insurance: Secondary coverage that keeps you covered in the case of theft or damage to your rental car.
Best Ways To Earn and Redeem Your Chase Points
When you earn cash-back with your Ink Business Cash card, it comes in the form of Chase Ultimate Rewards points. But you should know that using your card isn’t the only way to earn lots of Chase Ultimate Rewards points!
You might think, since the Ink Business Cash is traditionally a cash-back card, that redeeming for cash-back is your only option — but that isn’t true!
In fact, if you pair your Ink Business Cash card with a card that has access to Chase transfer partners, like the Ink Business Preferred® Credit Card, the Chase Sapphire Reserve®, or the Chase Sapphire Preferred® Card, you’ll find that there are so many great ways to redeem your Chase Ultimate Rewards points for huge travel value!
Alternative to the Ink Business Cash Card
American Express Blue Business Cash™ Card
The Amex Blue Business Cash card offers 2% cash-back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash-back earned is automatically credited to your statement.
We’ve compared the Ink Business Cash card to some other popular cards:
For rates and fees of The American Express Blue Business Cash™ Card, click here.
Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.
3 comments
Adam
April 26, 2019
You mention purchasing gift cards at office supply stores with your business credit card. How do you account for that during tax season? Is the purchase of the gift card (e.g. $100 Amazon) tax deductible? If not, how do you justify the purchase being on your credit card statement? Also, some cards have an activation fee (e.g. Visa gift cards). how do you account for the extra fee? Great blog by the way. Looking forward to your response!
Christine Krzyszton
April 26, 2019
Hi Adam. I’m sure Jarrod, the author of this piece, will have his own take on using the Ink Business Cash for purchasing gift cards at office supply stores but I can share how I use them. I purchase gift cards at office supply stores to use for business expenses I plan to deduct. For example, I may purchase a Delta gift card then subsequently use the card to purchase a plane ticket. I deduct the cost of the plane ticket and make note on the gift card purchase of what expense it paid. Also, I purchase Visa gift cards to pay for business expenses that I would not normally earn 5% back on such as insurance, repairs, or other merchandise. Legitimate expenses and deductions. I try to buy Visa gift cards when they are on sale fee-free. As far as deducting the fees, I do not.
Jarrod West
April 26, 2019
Hi Adam,
As Christine mentioned, the purchase of a gift card may not qualify as a tax deduction, but what you use the gift card to purchase could qualify. Christine’s example of purchasing a Delta gift card to earn the 5x Ultimate Reward points and subsequently using that Delta gift card for her next Delta flight, is a perfect example of how to do this effectively!
Thanks for your question and thanks for reading!
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