The Ink Business Cash Credit Card, from Chase, is an indispensable tool for every smart business owner. Designed to reward you for everyday business expenses, it helps you maximize your benefits every time you swipe. With an array of cash back opportunities on business-related purchases, it's more than just a payment method - it's a partner in your business growth. From office supplies to client lunches, each expense is an opportunity to earn and save. Plus, with its robust online account management features, you can easily track your spending and rewards, simplifying budget planning and financial management. This guide is designed to help you understand and optimize the various benefits of the Ink Business Cash Credit Card, ensuring you get the most from every business transaction. So let's explore the card's features, benefits, and potential strategies for maximizing its value.
What is the Ink Business Cash Credit Card?
The Ink Business Cash Credit Card is a business credit card designed for small business owners. It offers various cash back rewards on eligible purchases and is accepted at millions of locations worldwide. As a Chase card, it also comes with additional benefits such as fraud protection, purchase protection, and extended warranty coverage.
Features of the Ink Business Cash Credit Card
Cash Back Rewards
One of the most attractive features of the Ink Business Cash Credit Card is its cash back rewards program. Cardholders can earn cash back on eligible purchases made with their card, including:
- 5% cash back on office supplies, internet, cable and phone services (up to $25,000 in combined purchases per year)
- 2% cash back on gas and dining (up to $25,000 in combined purchases per year)
- 1% cash back on all other purchases
Welcome Bonus
New cardholders can also take advantage of a welcome bonus - currently, earn $500 bonus cash back after spending $3,000 on purchases within the first three months from account opening. This is a great way to kickstart your cash back earnings and maximize your benefits from the start.
No Annual Fee
Unlike many other business credit cards, the Ink Business Cash Credit Card has no annual fee. This means you can enjoy all its benefits without having to worry about paying a yearly fee.
Employee Cards at No Additional Cost
As a business owner, you can also request employee cards for your employees at no additional cost. This allows you to earn rewards on their business purchases while also setting individual spending limits and monitoring expenses.
Strategies for Maximizing Your Benefits
Now that we've covered the features of the Ink Business Cash Credit Card, let's dive into some strategies for maximizing its benefits.
Take Advantage of Bonus Categories
The card's bonus categories - office supplies, internet, cable and phone services, gas, and dining - offer the highest cash back rates. Make sure to use your Ink Business Cash Credit Card for these purchases to earn the most rewards.
Use It for Everyday Business Expenses
With 1% cash back on all other purchases, it's worth using your Ink Business Cash Credit Card for everyday business expenses like utilities, insurance, and other recurring payments. These smaller purchases can add up over time and help you earn more cash back.
Use It for Business Travel
When traveling for business, use your Ink Business Cash Credit Card to pay for flights, accommodations, and other expenses. Not only will you earn cash back on these purchases, but you'll also have the added benefits of travel and purchase protection.
Utilize Online Account Management
Take advantage of the card's online account management features to track your spending and rewards. This will help you stay on top of your expenses and identify areas where you can save or earn more cash back.
Best Practices for Card Management
To fully maximize your benefits with the Ink Business Cash Credit Card, here are some best practices for managing and using your card:
Pay Your Balance in Full Each Month
To avoid paying interest on your purchases and ultimately negate the value of any cash back rewards earned, it's important to pay your balance in full each month. The Ink Business Cash Credit Card offers a grace period of at least 21 days after the close of each billing cycle to pay your balance in full without accruing interest.
Keep Track of Your Spending
It's important to keep track of your spending throughout the month, especially if you have multiple employee cards. This will help you stay within budget and identify any unauthorized purchases.
Set Payment Reminders
To avoid missing payments and potentially damaging your credit score, set up payment reminders or automatic payments for your Ink Business Cash Credit Card. This will ensure you never miss a payment and can continue to reap the benefits of the card.
How to apply for the Ink Business Cash Credit Card
If you're ready to start maximizing your benefits with the Ink Business Cash Credit Card, you can apply online or in-person at a Chase branch. To be eligible, you must have a valid business and good credit history. It's also recommended to have all necessary business documents and financial information on hand when applying.
Conclusion
The Ink Business Cash Credit Card is more than just a payment method - it's a valuable tool for business owners to earn and save on everyday expenses. By understanding its features, benefits, and best practices for use, you can optimize your experience with the card and continue to grow your business. So why wait? Apply for the Ink Business Cash Credit Card today and start maximizing your benefits! Remember, the more you use it for eligible purchases, the more cash back you can earn. Happy card management!
