The Chase Ink Business Cash credit card is an excellent card for small business owners. As a business owner, you can spend big in its top bonus categories to get major rewards. Plus there is no annual fee for this card.
The card says hello to new cardholders with a good welcome bonus, but other rewards are usually capped, which tends to hurt the big spenders. While its rewards are decent, if you want the ultimate travel card, this isn't it.
This card is capable of earning you some cashback rewards with a cap. In this review, we take a look at what this card has to offer, which includes the benefits, and how to apply for it. Let’s get started
Chase Ink Business Cash Credit Card Features
Huge Bonus
The card comes with a huge bonus of $750 when you spend $7,500 within the first 3 months. This represents a 17% return which is perfect and more than double what other business cards have to offer.
Comes with Valuable Rewards
This card provides cashback rewards of up to 5% for common business expenses. This is really as good as it gets when it comes to business credit cards. Additionally, you shall also earn some reward points on your spending.
If you carry a travel-focused card, from Chase bank, such as the Chase Sapphire Preferred card, then you will be able to earn even more reward points that can be redeemed for traveler’s miles.
0% Introductory APR
The card offers a 0% APR for the first 12 months. This makes it a good option especially for entrepreneurs who are looking at start-up costs and who need some extra time to pay back.
Chase Ink Business Cash Credit Card Pros/Cons
Pros
- Does not charge any annual fees.
- The initial APR period is nil.
- Comes with high rewards for certain purchases.
- Has an attractive sign-up bonus.
Cons
- It requires a good credit.
- It offers low rewards compared to other cards in the market.
Chase Ink Business Cash Credit Card Fees
When applying for a credit card, it is important to be aware of the fees and interest charged. Below is a list of fees that come with the Chase Ink Business Cash Credit Card.
- APR - Charged between 13.24% and 19.24% on a variable rate.
- Annual card fee - $0.
- Introductory purchase APR - Charged at 0% for the first 12 months and then variable.
- Balance transfer fee - charged at either $5 or 5% whichever one is higher.
- Cash advance APR - charged at 24.99%.
Chase Ink Business Cash Credit Card Eligibility
Before applying for this card, you must ensure that you meet the following eligibility criteria.
- You must be 18 years and over.
- You must have a permanent US home address.
- You must not have a history of bad debts.
- You must have read and understood the terms and conditions clearly.
How to Apply for the Chase Ink Business Cash Credit Card
In order to apply for this card, you will have to log into the company website and fill out the application form. Include the following information.
Personal Information
Fill in the details of your name, date of birth, nationality, residential address, and email address.
Contact Details
You must include your phone number, and whether or not you have lived in your current address for the last three years.
They will want to know more about your finances. That includes things like your personal income information, your employer contact details, your employment record, and also how long you have been with your current bank.
Kindly, log on to the Chase Bank Website, and find out more about this particular card as you fill out the application form.
Chase Bank Contact Information
To find out more about the Chase Ink Business Cash Credit Card, it is advisable to contact the bank directly. Chase Bank can be contacted using the following details.
Address: 1111 Polaris Parkway Columbus, Ohio 43240
Phone: (614) 217-6284
Conclusion
This is an ideal credit card for business people. While it may not offer too many benefits to the user, it has some excellent perks such as the sign-up bonus and the 0% APR for 1 year.
Of course, this isn't a credit card for everyone, so you should weigh the features of this card with other cards before you apply.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank's terms and conditions page before agreeing to anything.
