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When people ask my thoughts as to the best business credit card, I usually recommend the Ink Plus® Business Credit Card, which I find to be the most valuable card for small businesses.
- 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®
- Earn 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year
- Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year
Ultimate Rewards points are so versatile given that they can be transferred efficiently to both airline and hotel partners, and given the bonus categories on the Ink cards, the points add up really quickly.
The No Annual Fee Alternative:
People often overlook the Ink Business Cash℠ Credit Card, which is the no annual fee version of the “premium” Ink Cards.
- This card also accrues 5x points on spend at office supply stores, landlines, internet, and wireless phones, as well as 2x points spent on gas and restaurants (rather than hotels).
- The major difference is that it only accrues those bonus points on the first $25,000 spent in the above categories annually, as opposed to the first $50,000, which for most of us is probably a moot point.
- The sign-up bonus on the card is lower than the Ink Plus or Ink Cash, as it offers 20,000 points after spending $3,000 within three months rather than 50,000 points after spending $5,000 within three months.
However, there’s no annual fee on the Ink Cash, so it’s a trade off that might make sense depending on how long you plan on keeping the card.
As you’ll notice if you look at the the Ink Cash application, the sign-up bonus is marketed as being in the form of “cash back”.
That being said, if you have a card that accrues “premium” Ultimate Rewards points, like the Chase Sapphire Preferred® Card, Ink Plus, Ink Bold, etc., you can pool all your points and use all of them as “premium” Ultimate Rewards points that can be transferred to the above partner programs.
That means as long as you have the Chase Sapphire Preferred (which just about everyone should have given the double points on dining and travel and no foreign transaction fees) as well as the Ink Cash, the points are just as valuable as the ones you’d earn on the Ink Plus or Ink Bold.
So am I better off getting the Ink Plus/Bold or the Chase Ink Cash?
It’s tough to say. The cards are considered different products so you could actually qualify for all cards if you wanted to. With the Ink Plus or Ink Bold you’re earning 30,000 more Ultimate Rewards points from the sign-up bonus, though they do require an extra $2,000 of minimum spend.
I value Ultimate Rewards points at 1.8 cents each, so the sign-up bonus for the Ink Plus and Ink Bold offers an additional $540 by my valuation. That covers more than five years of the $95 annual fee.
However, if you’re looking for a long term, no annual fee credit card that’s extremely rewarding, it’s tough to beat the Ink Cash. This is definitely the best no annual fee business credit card.
Non-Affiliate Product Disclaimer: The information for the Ink Business Cash℠ Credit Card has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.