Chase Ink Business Cash Review: A Big Earner on Business Expenses

The Ink Business Cash® Credit Card features impressive cash back rates and an attractive sign-up bonus, so it's a natural choice to maximize your earnings. There are, however, spending caps on the bonus cash back you can earn with this business credit card, so it may not work if you have high expenses. Check out our Ink Business Cash® Credit Card review to learn about its pros and cons.

This credit card is a good fit for: Business owners with high monthly spending at office supply stores and on internet, cable, and phone services. Those who need time to pay off business expenses without incurring interest charges will also like this card's 0% intro APR.

Top perks

The Ink Business Cash® Credit Card has a great cash back rate and several other valuable benefits.

$900 sign-up bonus

You'll earn this bonus by spending $6,000 in the first 3 months. This is a much higher bonus when compared to most cash back cards. Since the Ink Business Cash® Credit Card has no annual fee, its $900 bonus offer is even more impressive.

Up to 5% cash back

This card has excellent cash back rates across several popular expense categories. Here's a breakdown of how much it earns:

• 5% cash back at office supply stores and on internet, cable, and phone services, capped at $25,000 per account anniversary year
• 2% cash back at gas stations and restaurants, also capped at $25,000 per account anniversary year
• 1% cash back on other purchases

No annual fee

There is no annual fee to use this card, which helps if you're aiming to avoid too many business expenses.

0% intro APR

This card has a 0% intro APR on purchases for the first 12 months, which means you can use this card to finance business expenses. After the 12-month intro period, a variable APR will apply. To avoid expensive interest charges, plan to pay off anything you finance within the intro period.

Travel and purchase coverage

The Ink Business Cash® Credit Card includes a few complimentary coverages on eligible purchases you make with it:

• Auto rental collision damage waiver: You'll have primary coverage when renting a car for business reasons. This coverage provides reimbursement up to the vehicle's actual cash value for theft and collision damage for most cars in the U.S. and abroad.
• Purchase protection: New purchases have 120 days of coverage against damage and theft. Coverage is available for up to $10,000 per claim and $50,000 per account.
• Extended warranty coverage: Your Ink Business Cash® Credit Card will automatically add another year onto any eligible warranty of three years or less.

What could be improved

This business card has a few areas where it could get better to compete with other top credit cards.

Low caps on bonus categories

The $25,000 spending caps are low compared to many other business credit cards. If you have substantial business expenses, you may reach those caps and earn only the 1% cash back rate for the rest of the year. If you spend significantly more, you'd be missing out on the chance to earn more rewards using a different business card with higher spending caps.

No 0% intro APR on balance transfers

One of the few perks this card lacks is a 0% intro APR on balance transfers. If you have existing credit card debt, you won't be able to take advantage of a 0% intro offer by transferring the debt over to this card.

RELATED: See The Ascent's guide to the best cash back business credit cards.

Foreign transaction fee

The Ink Business Cash® Credit Card charges a 3% foreign transaction fee. If you take any trips outside the United States, you'll need a different card that doesn't have this type of fee, such as a travel rewards card.

Read more: Best Business Credit Cards for Startups

It's recommended to have a FICO® Score of 670 or above before applying for the Ink Business Cash® Credit Card. There's no set credit score requirement, but good credit will improve your chances of getting approved.

Since this is a business credit card, you need a business to get it. But card issuers are flexible regarding what kinds of businesses they accept. You could apply with any for-profit venture you have, such as freelance work or selling products online. Your business doesn't even need to have any profits yet, and you can apply with your personal Social Security number.

Chase's 5/24 rule is a factor to consider before applying for this card. This rule refers to Chase's typical policy of rejecting applications from consumers who have opened too many credit cards within 24 months. Before applying, make sure this rule won't hurt your chances of approval.

LEARN MORE: A Guide to Chase's 5/24 Rule

You're looking for a no annual fee card and the bonus categories fit your business's spending needs. The Ink Business Cash® Credit Card is one of the most versatile business cards, so it's also a great choice if you want to earn a big bonus or finance business expenses with a 0% intro APR.

The major drawback to keep in mind is the $25,000 spending caps on the card's bonus categories. If your business runs up bigger monthly bills, you might need to look at more credit card reviews to find a card with higher spending caps -- or no caps at all. That way, you won't miss out on the chance to earn additional credit card rewards.