Chase Ink Business Cash Credit Card

Chase Ink Business Cash Credit Card Overview

The Chase Ink Business Cash Credit Card is a notable business credit card issued by JPMorgan Chase, designed specifically for small business owners who wish to earn cashback on their everyday business expenses. This card stands out due to its robust rewards structure, lack of an annual fee, and various added benefits that can help streamline business financial management.

Card Type

The Chase Ink Business Cash Credit Card is primarily a cashback credit card, particularly targeted towards businesses. It allows users to earn unlimited cashback on eligible purchases, making it an appealing choice for entrepreneurs and small business owners.

Annual Fee

One of the key advantages of this card is that it comes with no annual fee. This feature allows businesses to earn rewards without worrying about additional yearly costs, making it a cost-effective option for managing business expenses.

Rewards Program

The rewards program is where the Chase Ink Business Cash Credit Card truly shines. Cardholders earn 5% cashback on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. Additionally, cardholders receive 2% cashback on the first $25,000 spent in combined purchases at gas stations and restaurants. All other purchases earn 1% cashback on every dollar spent. Cashback rewards can be redeemed as statement credits, direct deposits, or check, providing flexible options for users.

Sign-Up Bonus

New applicants can take advantage of a generous sign-up bonus. Upon approval, if you spend $7,500 on purchases in the first three months from account opening, you can earn a bonus of $750 in cashback. This provides a substantial incentive for businesses looking to maximize their rewards upon initial usage.

APR (Annual Percentage Rate)

The Chase Ink Business Cash Credit Card offers a competitive regular APR of 15.24% to 21.24%, depending on creditworthiness, which is average for business credit cards. There may be introductory APR offers available; however, make sure to review the specific terms during the application process, as these can vary. Its advisable to always pay off your balance to avoid interest charges.

Foreign Transaction Fees

For businesses that operate internationally, it’s important to note that the Chase Ink Business Cash Credit Card charges no foreign transaction fees. This makes it an excellent option for those who frequently make purchases overseas, as it allows for hassle-free transactions without incurring additional costs.

Balance Transfer Options

This card offers balance transfer options that may include 0% APR for 12 months on transfers made during the first 60 days from account opening, after which a standard APR applies. Balance transfer fees may apply, typically a percentage of the transfer amount, making it crucial to evaluate if this card meets your financial needs when consolidating debt.

Additional Fees

While there is no annual fee, business owners should be aware of other important fees. The card may incur late fees typically up to $39, and cash advance fees which can be either a percentage or a flat fee, whichever is higher. Careful attention to payment dates and understanding cash advances will help avoid unnecessary charges.

Card Benefits and Perks

The Chase Ink Business Cash Credit Card comes packed with numerous benefits and perks. For instance, cardholders enjoy access to expense management tools to simplify accounting. Additionally, the card offers purchase protection, extended warranty, and access to complimentary employee cards at no extra cost, enhancing the usefulness of this credit card for businesses.

Customer Protections and Insurance

This credit card also features robust customer protections, including $0 fraud liability, meaning cardholders are not responsible for unauthorized purchases. In addition, cardholders receive purchase protection for eligible purchases made with the card and rental car insurance when using the card to pay for rentals.

Eligibility and Credit Score Requirements

To be eligible for the Chase Ink Business Cash Credit Card, applicants typically need a good to excellent credit score”generally in the range of 700 or above. Other factors, such as business revenue and prior credit history, may also be evaluated during the approval process.

Introductory Offers

As part of its appeal, the card includes introductory offers like a 0% APR on purchases for the first 12 months, after which the standard variable APR will apply. This aspect can be particularly advantageous for businesses planning to make significant upfront purchases without incurring immediate interest.

Special Features or Unique Selling Points

Among its unique selling points, the Chase Ink Business Cash Credit Card provides personalized services, including online spending reports and the ability to set employee spending limits. Such features can assist business owners in managing account usage efficiently.

How to Apply

Applying for the Chase Ink Business Cash Credit Card is easy and can be done online via the ‘>official website for more information on how to apply, or check out UpCube.net for additional financial insights.