Are you starting a new business and looking for a credit card to manage your expenses and earn rewards? Chase offers two excellent options within their Ink lineup: the Chase Ink Cash and the Chase Ink Unlimited. In this article, we’ll dive into the details of each Chase Ink Cash vs. Chase Ink Unlimited card to help you make an informed decision about which one suits your business needs best.
Chase Ink Cash Business Card
Introductory Offer
- Signup Bonus: Earn an impressive 75,000 Ultimate Rewards points (equivalent to $750 cashback) after spending $7,500 on purchases within the first three months of account opening.
Earning Potential
- 5% Cash Back: Get 5% 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% Cash Back: Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
- 1% Cash Back: Receive 1% cash back on all other spending with no limit on how much you can earn.
Rewards Redemption
- Transfer your points to higher-tier Chase cards like the Ink Preferred to access the Chase Travel Portal and enjoy a 25% rewards bonus.
- Ultimate Rewards points are versatile, allowing you to redeem them for cash back, gift cards, or travel.
Additional Benefits
- Travel protection, including primary coverage for auto rental collision damage waiver.
- Travel and emergency assistance services and roadside dispatch.
- Travel accident insurance, baggage delay insurance, and lost luggage reimbursement.
- Purchase protection covering new purchases for 120 days against damage or theft (up to $10,000 per claim and $50,000 per account).
- Extended warranty protection on eligible warranties of three years or less.
Chase Ink Unlimited Business Card
Introductory Offer
- Signup Bonus: Enjoy the same enticing offer as the Chase Ink Cash, with 75,000 Ultimate Rewards points (equivalent to $750 cashback) after spending $7,500 on purchases within the first three months of account opening.
Earning Potential
- 1.5% Cash Back: Earn a straightforward 1.5% cash back on every purchase with no caps or limits.
Rewards Redemption
- Like the Chase Ink Cash, you can transfer your points to higher-tier Chase cards for travel benefits or redeem them for cash back and other rewards.
Additional Benefits
- Offers similar travel and purchase protections as the Chase Ink Cash, including primary auto rental collision damage waiver coverage for business rentals.
Making the Choice | Chase Ink Cash vs. Chase Ink Unlimited
When deciding between the Chase Ink Cash and the Chase Ink Unlimited, you can’t make a wrong choice. Both cards have no annual fees, making them accessible options for your business. Your decision should align with your business type and expected expenses:
- Chase Ink Cash: Ideal if you anticipate substantial spending at office supply stores, on internet and phone services, gas stations, and restaurants. It offers multipliers in these categories.
- Chase Ink Unlimited: Optimal for businesses with diverse spending habits or minimal expenses in the categories covered by Chase Ink Cash. It provides a simple and reliable 1.5% cashback on all purchases.
Conclusion
Choosing between the Chase Ink Cash and the Chase Ink Unlimited business cards ultimately comes down to your specific business needs and spending habits. Both cards offer compelling features, and you can’t make a wrong choice with either one, thanks to their lack of annual fees.
If your business involves frequent expenses at office supply stores, internet and phone services, gas stations, and restaurants, the Chase Ink Cash may be the better fit for you. Its multipliers in these categories can help you earn substantial cashback.
On the other hand, if your business has diverse spending or you prefer a simple and consistent cashback rate, Chase Ink Unlimited is a solid choice with its 1.5% cashback on all purchases.
Ultimately, take the time to assess your spending patterns and choose the card that aligns best with your financial strategy and business goals. Both cards offer the opportunity to earn rewards and provide valuable benefits, making them excellent options for new business owners.
Frequently Asked Questions (FAQs)
What are the key differences between the Chase Ink Cash and Chase Ink Unlimited cards?
The primary differences between these two Chase business cards lie in their earning structures. The Chase Ink Cash offers higher cashback rates in specific categories like office supply stores, internet, phone services, gas stations, and restaurants. In contrast, Chase Ink Unlimited provides a consistent 1.5% cashback on all purchases without category limitations. Additionally, the cards have similar introductory offers and offer transferable reward points.
Can I transfer the rewards earned with these cards to other Chase cards?
Yes, you can transfer rewards earned with both the Chase Ink Cash and Chase Ink Unlimited cards to higher-tier Chase cards that earn Ultimate Rewards points. This allows you to maximize the value of your points, especially when redeeming for travel through the Chase Travel Portal.
Are there any annual fees for these cards?
No, both the Chase Ink Cash and Chase Ink Unlimited cards come with no annual fees, making them accessible options for business owners looking to minimize expenses.
What types of purchase and travel protections do these cards offer?
Both cards offer primary coverage for the auto rental collision damage waiver when renting a vehicle for business purposes. They also include travel and emergency assistance services, roadside dispatch, travel accident insurance, baggage delay insurance, lost luggage reimbursement, purchase protection, and extended warranty protection, providing valuable benefits for business-related expenses.
Can I link my business and personal Chase cards for enhanced rewards?
Yes, you can link your business and personal Chase cards to one login. This allows you to transfer points earned on your business card, like the Chase Ink Cash or Chase Ink Unlimited, to your personal Chase cards, such as the Chase Sapphire Preferred or Chase Sapphire Reserve. This linkage can provide redemption bonuses when using the Chase Travel Portal for travel rewards.
How do I decide between these two cards for my business?
The choice between Chase Ink Cash and Chase Ink Unlimited depends on your business’s spending patterns. If you have significant expenses in categories like office supplies, internet, phone services, gas stations, and restaurants, Chase Ink Cash may offer higher cashback rewards. Conversely, if your business expenses are diverse or don’t heavily favor these categories, Chase Ink Unlimited’s 1.5% cashback on all purchases can be more appealing.
Can I change my card choice later if my business spending patterns evolve?
Yes, you can change your card choice later based on how your business evolves. Chase offers flexibility, and you can request product changes or apply for additional cards as your business needs change over time.
How can I apply for these Chase business cards?
You can apply for either Chase Ink Cash or Chase Ink Unlimited through the Chase website or by visiting a Chase branch if available in your area. The application process typically involves providing information about your business and personal finances.