You can earn big cash back thanks to a solid prize rate and a generous sign-up bonus.
Ink card features
If your small business spends a lot of money on office supplies and telecommunications services. The Ink card is probably the right choice for you.
While the maximum refund rate only applies to the first $25,000 spent in bonus categories. We love how these categories match typical business spend.
With features like a 0% introductory APR for purchases for 12 months (13.24% variable to 19.24% later variable). And a free annual fee, it’s clear that this Chase business credit card can provide a much-needed payback for companies with erratic cash flows.
Chase Ink Credit Card
$750 Sign-up Bonus 1.5% Unlimited cashbackAdvantages of Ink Card
This credit card is a great choice for: Business owners who want an instant refund card with a hefty bonus offer and/or a 0% introductory APR to fund large purchases.
- $750 Sign-up Bonus: You can earn this $750 bonus by spending $7,500 on purchases within three months of opening your account. This is one of the most valuable sign-up bonuses we’ve found.
- 1.5% Unlimited cashback: This card earns 1.5% on purchases. This fee is the same as many of the major cashback cards that offer a flat rate for your expenses.
No annual fee: With the Ink Business Unlimited® credit card you don’t increase your business expenses as there is no annual fee.
Free Additional Cards: You can receive additional employee cards without paying anything extra. To get a card for an employee, you need to add it to your account as an authorized user. You are responsible for any fees they charge.
0% introductory APR: This card has a 0% introductory APR on purchases made within the first 12 months. If you’re buying new equipment, expanding your business, or having other major expenses that you can’t pay in full. You can use the 0% introductory APR to fund it. You pay no interest as long as you make your minimum payments and the balance is paid within 12 months.
Convenient redemption process: Chase lets you redeem $0.01 in cashback. You can withdraw your money as a statement on your credit card statement or as a direct deposit to your bank account. This might not sound like a big deal, but some credit cards make it harder to get your money back with stricter rules or a minimum redemption of $25 or more. With Chase credit cards, the process is much friendlier.
Consumer and travel protection: The Ink credit card offers the following protection:
- car rental
- Fully comprehensive insurance
- Purchase protection
- Extended Warranty Coverage
Other benefits:
One of the best things about having an Ink credit card is being able to participate in the Chase Ultimate Rewards program while earning Ultimate Reward Points. This coveted program has more redemption options, so you’re not limited to cash back rewards. Another great advantage of the program is that your points do not expire while your account is open.
Winning awards
Receive 5% refund on combined first business expenses of $25,000 each year of account anniversary, including purchases of office supplies, internet, cable, and phone services.
That’s $1,250 in cashback per year if you hit the limit.
You will also receive 2% refund on the first $25,000 spent on combined gas station and restaurant purchases per birthday year; that’s an additional $500 in refund.
Assuming you spend up to $25,000 in these prize categories, you’ll receive $1,750 in cashback each year – plus 1 percent on anything over the $25,000 limit and for all other purchases.
Redeeming rewards
Redeeming rewards is the remarkable achievement of the Ink credit card. You can receive cash rewards or redeem them as gift cards, travel rewards, or pay for selected goods or services with points.
You can also combine points with another Chase credit card that is earning Ultimate Rewards to use Chase’s transfer partners.
While this card doesn’t offer extravagant travel discounts, it does have the benefits it does – a 0 percent introductory APR for 12 months (13.24 percent to 19.24 percent variable APR thereafter), free employee cards, and insurance Travel and shopping – are punctual – enabled for small businesses looking to make better use of their expenses.
Credit Score Required
We recommend a FICO score of at least 670 when applying for the Ink credit card. Most successful applicants have good credit. If this card is of interest to you, building your bankroll will greatly increase your chances.
Note that the 5/24 stalking rule applies. This rule means that if you opened five or more credit cards in the last 24 months. You are not entitled to the card.
Ink Card Fees
There is no annual fee, but before you apply for this business card. You should know that there is a $39 late payment fee and a 3 percent overseas transaction fee, despite the travel benefit.
Fortunately, your purchases are covered by your introductory APR of 0% for the first 12 months. And the continuous floating rate of 13.24% to 19.24% may also be below the current average rate.
Conclusion
The Ink card is a versatile business card that can work well in many different situations. Here are some of the best reasons to get this card:
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