Chase Ink Business Cards Review
When you’re looking for a top-tier card, you’ll be presented with a selection of choices that might define your financial future. If you do any business, you might have come across the INK cards, which might seem a bit intimidating. There are three options with Ink cards: Chase Ink Business Unlimited, Chase Ink Business Cash, and Chase Ink Business Preferred. Choosing the right one for your specific business needs is detrimental to your company’s financial future, so you’ll have to make the right choice. All in all, the three of these cards are ideal for smaller businesses, which explains what makes them such a popular choice for many.
Table of Content
- What are Chase Ink Business Cards
- Detailed Comparison Table
- What is Chase Ink Business Unlimited
- Chase Ink Business Cash
- Chase Ink Business Preferred
What are Chase Ink Business Cards?
Ink Cards are the three Chase Ink Business credit cards that are ideal for small corporations. All offer relatively high signup bonuses, and all have their unique set of benefits. There is no best INK card – there is only one that fulfills your needs best. These cards have similar but different features, most of which are based on your financial capabilities. They do come with a unique Chase point system, which dictates your eligibility for rewards. All have different capabilities when it comes to the point system, which makes them drastically different. To help you make your choice between the three Ink cards, we’ll cover their features, capabilities, and benefits below.
Chase Ink Business Credit Cards Comparison
|CHASE INK UNLIMITED||CHASE INK CASH||CHASE INK PREFERRED|
|Rewards Type||Cash Back||Cash Back||Points|
|Rewards||Unlimited 1.5% Cash Back||5% Cash Back (Selected Categories)||Rich & flexible rewards earnings|
|New Members Offer||Earn $750 Cash Back||Earn $750 Cash Back||Earn $1,000 Bonus Points|
|Bonus Offer Requirements||Spend $7,500 in 3 months from account opening||Spend $7,500 in 3 months from account opening||Spend $15,500 in 3 months from account opening|
|Intro Offer||0% intro APR on purchases for 12 months||0% intro APR on purchases for 12 months||n/a|
|Regular APR||13.24% – 19.24%||13.24% – 19.24%||15.99% – 20.99%|
|Cash Advance APR||24.99%||24.99%||24.99%|
|Foreign Transaction Fee||3%||3%||None|
|Return Check Fee||None||None||None|
|Returned Payment Fee||$40||$40||$40|
|Late Payment Fee||$40||$40||$40|
|Rewards Earning||Unlimited 1.5% on all card purchases||Earn 5% on the first $25,000 spent on:|
Internet; Cable and phone services
Earn 2% on the first $25,000 spent at:
Gas stations, Restaurants
Unlimited 1% on all other purchases
|Earn 3 points per $1 on the first $150,000 spent on: Shipping purchases;|
Advertising purchases with social media sites and search engines;
Internet, cable, and phone services;
Unlimited 1 point per $1 spent on all other purchases
|Online Application||Claim this offer||Claim this offer||Claim this offer|
What is Chase Ink Business Unlimited Credit Card?
Ink Business Unlimited – is a credit card with no annual fees attached to it. It’s a sound card for smaller businesses, and the fact that it has a cashback of 1.5% on every purchase makes it that much more appealing. It’s a straightforward card with effortless features, which are more redeeming qualities. Not that this card is deficient in any way, it’s just an entry-level Ink Business card. One of its most prominent uses is for accumulating Cash. Besides the 1.5% cashback on every purchase, this card doesn’t restrict how much you can use, meaning there are no limits to the cashback.
- That is one of the most appealing cards for businesses and entrepreneurs who don’t have a consistent cash flow and are looking to accumulate as much cash as possible from the cashback features. It’s a lightweight, easy-to-use credit card that keeps the user in mind with almost all its features.
- The card is also very affordable, as it has no annual fees posed on its use, and for the first twelve months of ownership, there is also 0% Intro APR, making it that much more of a money-saving juggernaut.
- All Chase Ink cards have an intro bonus, and the one placed on this card is a cool $750, which is more than a warm welcome.
- This card’s application is also simple, streamlined, and quick, meaning you don’t need many predispositions to get approved for one. Since it’s aimed at smaller businesses, as long as your business doesn’t step over about $25k a year, we’re sure you’ll enjoy this card for all it’s worth.
There are a lot of benefits to using this card. While it has fewer benefits than the other cards in the same niche issued by Chase, it’s still a very viable contender. It’s an ideal option for generating as much cashback as possible, and it’s relatively simple.
Cash Back. The cashback is fantastic, and as long as you purchase less than $25k a year, you can be eligible for a 5% cash back on every purchase made on the internet or in supply stores.
Chase Rewards. Another benefit of this card is that it comes with the Chase rewards, which allow you to accumulate points by using the card itself. These points can be redeemed for additional cashback, gift cards, and a selection of other things.
Extra Benefits. The card also comes with purchase protection, an extended warranty, and rental car insurance, which, while not much, is still nice to have.
Capped. While highly beneficial, this card is not without its drawbacks. Compared to the competition, it lacks business insurance and other vital features, which makes it less than ideal for slightly larger small businesses. The cap is set at $25k, which isn’t all that good for all businesses, especially those with fluctuating finances.
What is Chase Ink Business Cash Credit Card?
Ink Business Cash – is a great card for small businesses and upstart entrepreneurs, which has quite a prominent bonus. It comes with all of the standard Chase features and access to the Chase points and rewards system. Like Unlimited, the Cash has no annual fees, making it very appealing for small companies. That isn’t precisely for small businesses only, as it can be used for little side hustles as well. To apply and get approved for this card, you don’t need a registered corporation because a business working on eBay and Etsy will work just fine. That is also an excellent card for freelancers, who make up the bulk of their users.
- It’s a sound card for small businesses and entrepreneurs alike who are looking to make as much money as possible with their companies. It’s non-invasive, meaning it’s not going to take a massive chunk of anything you use it for, and since it’s centered around helping small companies and entrepreneurs, the 50000 chase points initial bonus is more than welcome.
- You can redeem these points for up to $500 or exchange them for many other perks and features from the Chase website in their point system.
- It’s a far more established card than Unlimited, as it comes with many more features, perks, and bonuses.
- Just like with the business ultimate, you can earn up to 5% cash back on the first $25,000 you spend, making it a fantastic card if you’re looking to accumulate as much finances as possible.
- The features don’t end there, as unlike the previous addition to this list, this card is far more rounded and has more than just the elementary attributes. It comes with an extended warranty, purchase protection, cellphone insurance, rental car insurance, and even roadside assistance.
That is one of the best cards that you can pick up as a small business owner. It comes with all kinds of benefits that help you accumulate as much money as possible for only using the card.
The Chase Point system is another fantastic quality of this card, as you can redeem chase points for a selection of goods, from gift cards to actual money. Upon signup, you’ll get 50k chase points, which are worth roughly $500.
You can be eligible for these chase points once you meet the criteria, which is spending $3500 on the first three months of having the card, which is far less than most small business owners spend in this timeframe.
One of the primary benefits of this card is that you can give it to your employees. You can add employee cards to your account at no cost, which’s extremely rare in this credit card niche.
Since it’s a chase business card, that means that it won’t appear on your statement, further suggesting that you can have as many chase business cards as you like because it avoids the Chase 5/24 count.
Domestic travel-focused. The disadvantages with this card are few and far between. The only thing we’d like to see this card do is put more focus on traveling, as a lot of small business owners do a lot of traveling. However, it does give you access to the chase point system, which works with a selection of airlines and hotels.
Average APRs. Another thing that makes Chase Ink Cash less than ideal is the APR. Like Unlimited, it has no APR for the first twelve months, but after that, it rises to a variable of 14.74% – 20.74%, which is less than ideal and is a common problem with Chase Ink Business cards.
What is Chase Ink Business Preferred Credit Card?
Ink Business Preferred – is the best of all of the INK cards, but it is far more complicated than the other ones on this list. Unlike the previous two additions, it doesn’t follow the same percentage-wise schematic for cashback. Its’ a very cashback-orientated card, as you get one point per dollar spent up to $15000 in the first three months of having this card. That is slightly higher than most small businesses spend, so if you’re an entrepreneur running a mid-sized company, this might be the best chase ink card for you. To justify the price and the points of this card, it comes with far more benefits and bonuses, as well as some unique features that differentiate it from the two we’ve already covered. Unlike the two, this card does come with an annual fee, which is capped at $95.
- While this is the only Chase Ink card that has an annual fee, it’s the only one that doesn’t charge you a foreign transaction fee, which is fantastic if you’re dropshipping or outsourcing your business needs.
- Where the Cash and Unlimited cards fall short on travel, the Preferred has got you covered. All of the points redeemed on traveling with this card are worth 25% more than those from other INK cards, making this card fantastic for mid-sized business owners who travel frequently.
- Combined with the fact that this card is intended for more cash flow than the other two and that the point system arguably yields more points – the preferred card becomes that much better for both rewards and cashback.
- That is by far the most expensive but the best value card in the INK range, but it’s only useful if you can make it work for you. Meeting the eligibility criteria for this card is as streamlined as for all INK cards. Still, this one has many more regulations you need to fulfill if you want to get the most rewards, points, and cashback. So it’s only suitable for entrepreneurs who have the necessary predispositions and capabilities to do so.
The benefits are many with this outstanding card. Firstly, there is a fantastic capability to earn points, and the fact that they’re 25% more worth than the issues from other cards in the traveling category is just icing on the cake.
Furthermore, this card offers the most lucrative, $2,000 sign up bonus, making it the best out of the lot.
Just like the Cash, this card allows you to issue employee cards to your employees at no cost, and since hitting the goal of $15k is much harder than hitting a meager $3.5K, employee cards will be a great way to do so.
It offers all kinds of insurance, protection, and other customer-oriented policies such as extended warranty, purchase protection, travel insurance, rental car insurance, cellphone insurance, traveling cancellation insurance, and more.
One of the things that makes this card stand out among the crowd is its management potential. By owning this card, you gain access to account insights, bookkeeping, and a vast range of business tools at your fingertips, which you can use on the fantastic Chase website.
Annual fee. The only disadvantage to using this card is that its goals and fees might be too high for some smaller businesses and don’t cater to freelancers. If you’re running a small-to-mid-sized business, this is by far the best card for you.
All of the Chase Ink Business cards are fantastic options for smaller businesses looking for a credit card that’s simple to use, dynamic, and allows them to get as much Cashback as possible. The best out of the lot will depend on your unique needs, as all of them are equally as good but cater to different kinds of businesses and diverse entrepreneurs. Whichever you decide on, we’re sure you’ll make an informed choice after reading the information that we’ve provided above.