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Some folks focus their credit card spending on earning miles and points, but others prefer cash back. I like both!
There are a lot of cash back credit cards
, but 1 of the best is the Chase Ink Cash.
You’ll get $200 or 20,000 Chase Ultimate Rewards points after you spend $3,000 in the 1st 3 months. And there’s NO annual fee.
Plus, you’ll earn 5% cash back (or 5 points per $1 you spend) at office supply stores and on cellphone, landline, internet, and cable TV expenses (up to $25,000 total each year). And 2% cash back (2 points per $1 you spend) at restaurants and gas stations, also up to $25,000 in purchases per year.
I’ll explain why this card is 1 of the best cash back cards for business! And how it’s flexible enough to get you miles and points too!
What’s the Deal?
Link: Chase Ink Cash
Like the Chase Ink Plus, the Chase Ink Cash is a business credit card. Sometimes folks aren’t sure if they’re eligible for a business card, but read my posts on how you might qualify if you own an existing business or are starting a business.
The Chase Ink Cash earns cash back in the form of Chase Ultimate Rewards points, which are worth 1 cent each as a statement credit or direct deposit. Or 1.25 cents each if redeemed for travel through the Chase Ultimate Rewards travel portal.
With this card, you get:
- 20,000 points ($200 cash back) after you spend $3,000 in the 1st 3 months
- 5 points per $1 you spend (5% cash back) on the 1st $25,000 spent per year at office supply stores and on cell phone, landline, internet, and cable TV services
- 2 points per $1 you spend (2% cash back) on the 1st $25,000 spent per year at restaurants and gas stations combined
- 1 point per $1 you spend (1% cash back) on everything else
- Primary auto rental insurance (CDW) when renting for business purposes, plus purchase and extended warranty protection
- 3% foreign currency fee (so don’t use it outside the US!)
- NO annual fee
In the past, the sign-up bonus for this card has been as high as 30,000 points ($300), but I’m not sure if that offer will come around again.
Why I Like This Card
The Chase Ink Cash card has benefits you don’t often see in a no annual fee card.
You can read my post comparing the Chase Ink Cash and the American Express SimplyCash to decide which is better for your situation.
But here are some reasons why I really like the Chase Ink Cash!
1. 5 Points per $1 You Spend at MORE Places
The Chase Ink Cash earn 5 points per $1 you spend (5% cash back) on your 1st $25,000 in combined purchases at office supply stores and on cell phone, landline, internet, and cable TV.
The American Express SimplyCash also earns 5% cash back at US office supply stores and on cell phone services, but not the other categories.
2. 2 Points per $1 You Spend at Restaurants and Gas Stations – Always!
You’ll get 2 points per $1 you spend (2% cash back) on your 1st $25,000 in combined purchases at restaurants and gas stations.
You could choose restaurants or gas stations (or 1 of 5 other categories, like airfare, hotels, or shipping) to earn 3% cash back with the American Express SimplyCash. But you can only choose 1, and change it once a year.
3. Primary Auto Rental Insurance
This is a great benefit to have on a no annual fee card! When you rent for business purposes, the Chase Ink Cash provides primary auto rental insurance (which means their insurance will cover costs without you having to submit a claim to your own insurance company first).
There are other cards which offer primary rental car insurance, but very few have no annual fee.
4. Redeem for Travel, Transfer to Airlines and Hotels
If you also have a Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available to new applicants) card, you can transfer points earned from the Chase Ink Cash indirectly to airline and hotel partners like United Airlines, Southwest, and Hyatt.
This works the same way as transferring points from the Chase Freedom card to another Ultimate Rewards account.
And if you have one of the cards mentioned above, your Chase Ultimate Rewards points are worth 1.25 cents each when redeemed for travel through the Chase Ultimate Rewards travel portal.
I like that the Chase Ink Cash gives you the flexibility to redeem for cash back or travel (especially if you have 1 of the other cards mentioned) with no annual fee.
You can have both the Chase Ink Cash and the Chase Ink Plus cards for the same business, even using your social security number as your tax ID on both applications. Although I wouldn’t recommend applying for the 2 cards at the same time.
Some folks like using their Chase Ink Plus for business expenses overseas (because there are no foreign transaction fees) while using their Chase Ink Cash at home, especially for business lunches and dinners.
The Chase Ink Cash is a cash back business card with lots of great perks, including a $200 sign-up bonus, spending category bonuses, and primary rental car insurance. And there’s no annual fee!
You’re not limited to cash back either. You can redeem points for travel through the Chase Ultimate Rewards travel portal, or transfer them indirectly to airline and hotel partners if you also have the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold card.
The American Express SimplyCash card is similar, but it has different spending categories and does NOT offer primary rental car insurance.
Do you have the Chase Ink Cash? What do you like about it?