Chase Ink Business Cash Credit Card
The Chase Ink Business Cash Credit Card is another favourite of mine and very popular with the cashback rewards community. If you like the idea of cashback rewards for spending money this is a card you should have nestled away in your wallet.
This cashback credit card is tailor-made for business owners and rewards you with 5% cashback on office related spending, limited to $25,000. Over on Reddit there are cashback fanatics earning over $3000 per year using multiple cashback credit cards like the Chase Ink Business Cash Credit Card.
Bonus 1: You can earn $500 in cashback rewards after you spend $3000 in the first 3 months of opening this account.
Bonus 2: You can earn 5% on the first $25,000 spent in combined purchases of Office Supplies. This means you could potentially earn $1250 from this category alone.
Bonus 3: Earn another 2% cashback rewards on the first $25,000 spent on gas stations and restaurants. If your business means you have to travel a lot and entertain clients you will make a killing on this card.
Chase Ink Business Cash Credit Card FICO Requirments
Lets cut right to the CHASE. You need a FICO score of 700+ to get the Chase Ink Business Cash Credit Card. Even though this is a business credit card it will use your personal credit report and FICO score to determine your eligibility.
Don't chance it with a low FICO credit score, the Chase INK Business Cash credit card is a very sought after card and you should play it safe and only apply when your FICO score is 700+. Even if you spend 6 months to boost your credit score you will be sorted for life.
Chase Ink Business Cash Credit Card FEATURES
The Chase INK Business Cash Credit Card is perfect for business owners who have high turnovers and business expenses. It is particularly suitable for business owners to spend a lot of time on the road, need a lot of office space and entertain clients all the time. By using the Chase Ink Business Cash Credit Card effectively you can make a lot of money in cashback rewards.
Feature 1: Just spend $3000 in the first 3 months from opening your Chase Ink Business Cash Credit Card and you will receive $500 cashback bonus. This is a hefty reward compared to other cashback credit cards and one that you should take advantage of.
Feature 2: Earn a hefty 5% cashback reward on office supplies, internet, cable, and phone services. The amount of cashback is limited to $25,000 so you could potentially earn $1250 if you have to spend up to the upper limit.
Feature 3: Earn 2% cashback rewards on purchases at gas stations and restaurants. This cashback is limited to $25,000 in spending so you could potentially earn another $500 by maxing that category out.
Feature 4: On all other purchases you can earn 1% cashback and this is unlimited. This is great news for business owners who have to spend a lot of money to run their business because they will end up with an incredible amount of cashback reward at the end of the anniversary year.
Feature 5: You also get 0% ARP for 12 months on purchases. So long as you pay off your balance at the end of 12 months you won't pay an additional penny in interest!
Feature 6: You can also get employee cards at no extra cost. So when they spend money as an expense you will get the cashback reward. SWEET.
Strategy to Maximise Cashback Reward with Chase INK
There is incredible potential to maximise the cashback rewards for the Chase Ink Business Cash Credit Card. You will be quids in. Here are some of the strategies being used by business owners over on Reddit who are absolutely cleaning up on cashback rewards. Here are just a few ideas!
Strategy 1: Sign up and spend $3000 in the first 3 months and earn $500 in cashback reward.
Strategy 2: Spend $25,000 on office expenses and receive $1250 in cashback reward.
Strategy 3: Spend $25,000 on wining and dining clients when you drive to see them. You can earn an additional $500 in cashback rewards.
Strategy 4: Put all your family expenses on the Chase Ink Business Cash Credit Card and earn an additional 1% with no limit.
Strategy 5: Give all your employees an additional Chase Ink Business Cash Back Credit Card and ask them to put all their expenses on it. Every time they spend money on the business you will earn 5% on office related purchases, 2% on clients, driving, restaurants and 1% on everything else.
Strategy 6: Refer your business buddies to the Chase Ink Business Cash Credit Card and receive $150 per client up to 5 referrals a year. You can earn an addition $750 in cashback rewards. SWEET.
Depending on how big your business is you can really clean up on cashback rewards using these simple strategies. Imagine having $3000 at the end of the anniversary year to treat yourself and your family!
Chase Ink Business Cash Credit Card FAQ
I wanted to answer some of the most frequently asked questions on the Chase Ink Business Cash Credit Card. Hope you find this incredibly helpful!
Q1: What credit score is needed for a Chase business card?
The Chase Ink Business Credit Card requires a FICO Score of 700. Even though this is a business card you will need to have EXCELLENT credit to get this card. Some credit card experts tell you to be safe and only apply for this card if you have a FICO credit score of 720+.
Q2: How long does it take to get approved for a Chase business credit card?
OK. So depending on your credit score and credit report you could get an instant approval on the Chase Ink Business Cash Credit Card. If your application is referred it might take up to 7 working days.
If something nasty is found on your credit report it could take up to 30 days to investigate. Like I said, always check your credit report with a fine tooth-comb to ensure your application will sail through.
If something nasty is found on your credit report it could take up to 30 days to investigate. Like I said, always check your credit report with a fine tooth-comb to ensure your application will sail through.
Q3: Can I get a Chase credit card with bad credit?
It will virtually be impossible to get the Chase Credit Card with bad credit. A better strategy would be to spend 6 months to a year improving your credit score and achieving a FICO score of 700+ before you apply for this incredible card!
Q4: Does Chase approve instantly?
Chase Ink Business Cash Credit Card does approve instantly if you have a FICO credit score of 700+ along with a 30% or less credit usage ratio and no nasty information on your credit report. Don't chance it.
Check your credit report under a microscope before you apply for this credit card.
Check your credit report under a microscope before you apply for this credit card.
Q5: Does Chase Ink business cash earn Ultimate Rewards?
Yes. With the Chase Ink you can earn a 5% cashback reward on everything related to the offices with an upper limit of $25,000.
Potentially with this category alone you could earn up to $1250 in cashback rewards.
Potentially with this category alone you could earn up to $1250 in cashback rewards.
Q6: Can you have both Chase Ink cards?
The Chase Ink Business Preferred and Chase Ink Business Cash are considered to be two separate entities so you can apply for both these cards and earn cashback reward on both of them.
Q7: How do you redeem ink cash rewards?
Go into your Chase account online. Scroll down to the Chase Ink Business Cash credit card account. You then find 'Go to Ultimate Rewards' and decide how you want to redeem your cashback rewards.
Q8: Which Chase business card is best?
Everyone agrees that the Chase Ink Business Preferred Credit Card is better than the Ink Business Cash. Potentially, you can earn 80,000 points after meeting the minimum spend.
Q9: Do Chase Ink points expire?
The Ink points on your Chase Ink Business Cash Credit Card will never expire as long as you keep your account open. This is great because the amount of cashback rewards that are loss because of expiry is humongous.
Q10: How long does it take to get approved for a Chase business credit card?
You can get approved for a Chase Business Ink Cash Credit Card instantly so long as you have a FICO credit score of 700+. You have a credit utilisation ratio of 30% and have no nasty information on your credit report.
Q11: Do you need to own a business for Chase Ink?
Strictly speaking you do not need to own a business to apply for the Chase Ink Business Cash Credit Card. You don't need a EIN (Employee Identification Number) and can use your social security number by applying as a sole trader.
Q12: How do I transfer Chase points from one credit card to another?
Log into your Chase Unlimited Rewards account using your User ID and password. You then have to select the account you want to transfer from and then select the account you want to transfer to. Once you are happy you can submit the request and the transfer will go through.
Q13: What are Chase Ink points worth?
As a holder of the Chase Sapphire Preferred or the Ink Business Preferred, each point is worth 1.25 cents (so a $100 hotel room would only cost 8,000 points).
If you have the Chase Sapphire Reserve, your points are worth 1.5 cents apiece toward redemption through the portal.
Q14: Can anyone get a Chase business card?
You will need a FICO credit score of 700+. Credit utilisation of 30% or less. No nasty information on your credit report.
Q15: How much is 20000 Chase points worth?
20,000 points on the Chase Ink Business Cash Credit Card is equivalent to $200.
Q16: How much are 50000 Chase points worth?
50,000 points on the Chase Ink Business Cash Credit Card is equivalent to $500.
Q17: How much is 60000 Chase points worth?
60,000 points on the Chase Ink Business Cash Credit Card is equivalent to $600.
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