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If you want to earn rewards on business spending with a credit card, you have quite a bit to think about. Are you willing to pay an annual fee? And, do you prefer to earn flexible rewards or cash back?

Most importantly, what does your business spend the most on? After all, your rewards haul is often tied to the type of purchases your business makes.

The Ink Business Cash® Credit Card tends to check off a lot of boxes for small business owners, and it’s easy to see why. This business card comes with no annual fee, and you can earn a $750 cash bonus when you spend $7,500 on purchases within three months of account opening. Cardholders even get an introductory APR offer on purchases, and rewards are pretty flexible.

In the meantime, the Ink Business Cash Credit Card lets small business owners and entrepreneurs earn 5 percent back on common business-related spending (up $25,000 spent in combined purchases each account anniversary year). Read on to learn how this business credit card doles out cash back on purchases, how its earning structure compares to similar cards and how you can make the most of this offer.

Ink Business Cash rewards structure

  • Welcome bonus: $750 bonus cash when you spend $7,500 on purchases within three months of account opening
  • Rewards: 5 percent cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year; 2 percent back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; 1 percent back on everything else
  • Annual fee: $0

While earning 5 percent cash back on certain business purchases is truly excellent, it’s important to note the $25,000 cap for each bonus category. If you spend more than $2,084 per month (on average) at office supply stores and on internet, cable and phone services each year, you’ll max out the 5 percent category, after which you’ll only earn 1 percent back. The same is true for earning 2 percent back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.

For the most part, these limits make the Ink Business Cash Credit Card a better option for businesses with low-to-average regular expenses. Of course, you can also use the Ink Business Cash Credit Card within its bonus categories until you meet the $25,000 spending threshold for each one. After that, you could switch to another business credit card that offers more than 1 percent back on those purchases.

Which purchases earn bonus rewards?

If you’re wondering which purchases count in the bonus categories for this card, Chase is very transparent when it comes to details. In fact, the card issuer has a whole page on their website dedicated to rewards category FAQs. Here’s how Chase defines eligible purchases in each bonus category offered by the Ink Business Cash Credit Card:

Gas stations: “Merchants in the gas stations category sell automotive gasoline that can be paid for either at the pump or inside the station, and may or may not sell other goods or services at their location. Merchants that do not specialize in selling automotive gasoline are not included in this category; for example, truck stops, boat marinas, oil and propane distributors and home heating companies.”

Internet, cable and phone services: “Only purchases for internet, cable, satellite television and radio, cellular, …….

Source: https://www.bankrate.com/finance/credit-cards/ink-business-cash-rewards-business-needs/

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