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The Chase Ink Credit Cards: Which is Best for Your Small Business?

Business Credit Cards, Credit Cards
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The Chase Ink Credit Cards: Which is Best for Your Small Business?

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Chase is no longer offering the Ink Plus® Business Credit Card. Check out the new Ink Business Preferred℠ Credit Card.

Flipping a coin is a great way to decide which family member is going to wash the dishes, but it’s no way choose between two business credit cards. If you’ve narrowed your search to the Ink Business Cash℠ Credit Card and the Ink Plus® Business Credit Card, the Nerds are here to help you pick the best one for your company.

The Ink Business Cash℠ Credit Card: Champion of cash back

Cash-back credit cards provide ultimate flexibility to busy entrepreneurs, and on that metric, the Ink Business Cash℠ Credit Card delivers. With it, you’ll earn:

  • 5% cash back for every dollar spent at office supply stores and on cellphone, landline, cable TV and Internet service providers (up to $25,000 spent per year).
  • 2% cash back for every dollar spent on gas station and restaurant purchases (up to $25,000 spent per year).
  • 1% cash back for every dollar spent on other purchases (unlimited).

If you’re cost-conscious (and what small-business owner isn’t?) you’ll be happy to hear that the Ink Business Cash℠ Credit Card charges a $0 annual fee. Also, it comes with an introductory 0% APR deal: 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 14.24% - 20.24% Variable APR. This is a thrifty way to finance a large purchase and pay it off over time.

And don’t forget that the Ink Business Cash℠ Credit Card comes with a signup bonus: Earn $300 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.. That’s cash you can reinvest in business purchases.

The Ink Plus® Business Credit Card: Top notch for travelers

Running a small business can mean hitting the road or hopping on a plane; if this sounds familiar, you might find the Ink Plus® Business Credit Card appealing. With this card, you’ll earn:

  • 5 Ultimate Rewards points for every dollar spent at office supply stores and on cellphone, landline, cable TV and Internet service providers (up to $50,000 spent per year).
  • 2 Ultimate Rewards points for every dollar spent at gas stations and on hotel accommodations (up to $50,000 spent per year).
  • 1 Ultimate Rewards point for every dollar spent on other purchases (unlimited).

The Ink Plus® Business Credit Card also charges no foreign transaction fees and comes chip-enabled.

What’s more, you’ll also score a pretty hefty signup bonus: Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.  It has an annual fee of $95.

Inking the deal: Which card is right for your company?

Deciding between the Ink Business Cash℠ Credit Card and the Ink Plus® Business Credit Card boils down to evaluating your business expenses. Specifically, you’ll want to think about where and how you’re spending on your business.

Here are a few questions to ask yourself if you’re not sure where to start:

  • How much do I spend each year on office supplies and telecom services for my business? If it’s more than $25,000, you’re likely better off with the Ink Plus® Business Credit Card because you’ll keep earning rewards beyond that spending level.
  • Do I devote a significant amount of my business spending to entertaining clients in restaurants? If so, the Ink Business Cash℠ Credit Card might be a better choice because you’ll earn bonus rewards in this spending category.
  • Does my business spending often occur abroad? If so, the Ink Plus® Business Credit Card is probably the more cost-effective choice because it will save you money on costly foreign transaction fees.

Another consideration is how “hands-on” you want to be in terms of managing your rewards. You’ll get a slightly better bang per point with the Ink Plus® Business Credit Card if you redeem for travel through Chase, but the simplicity of the Ink Business Cash℠ Credit Card’s cash-back program might actually make it more valuable to you.

With the Ink Plus® Business Credit Card and the Ink Business Cash℠ Credit Card, you can rest assured you’ll be making a solid choice no matter what. Start swiping your way to big rewards on your business spending today.

Lindsay Konsko is a staff writer covering credit cards and consumer credit for NerdWallet. Follow her on Twitter @lkonsko and on Google+.


Image via iStock.

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