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There are many reasons to get the no annual fee Ink Business Cash℠ Credit Card, especially as it has its best ever sign-up bonus at the moment, of 50,000 points after spending $3,000 within three months. In conjunction with select other cards, like the Chase Sapphire Reserve® Card, those points can be converted into Ultimate Rewards points that can be redeemed for up to 1.5 cents each towards a travel purchase. A no annual fee card with a sign-up bonus that can get you up to $750 worth of travel is almost unheard of.
Beyond that, the card is worth holding onto long term, as it offers up to 5x points on the first $25,000 spent annually on combined purchases at office supply stores, and on internet, cable, and phone services, as well as up to 2x points at restaurants and gas stations.
One other thing that strikes me as being quite generous about the Ink Business Cash℠ Credit Card is that it offers primary collision damage waiver coverage for car rentals. Don’t get me wrong, there are several other cards offering similar coverage, but what impresses me here is that this is a no annual fee card offering the perk. Personally I can’t think of any other lucrative no annual fee business card that offers that kind of protection.
You’ll want to consult your cardmember agreement for the full terms associated with this, though here are a few things to be aware of regarding the Ink Cash’s primary collision damage waiver benefit:
- You must be paying for the rental with your card
- You must decline the collision damage waiver offered by the rental car company
- You must be renting for business purposes
- This is valid for most types of vehicles, not including off-road vehicles, sports cars, and trucks
- Rentals in Ireland, Israel, and Jamaica, aren’t eligible
- Collision damage waiver only covers damage to your car, and doesn’t cover damage to other peoples’ cars, or injuries, so it could still make sense to have other insurance
If you are a small business and want to minimize annual fees on your business cards while also getting some coverage for your car rental, the Ink Business Cash℠ Credit Card is tough to beat.
Do note that there’s also the Ink Business Preferred℠ Credit Card, which is the premium version of this card, and offers the same car rental coverage. The benefit with the Preferred is that it offers 3x points on travel (including car rentals), and also has no foreign transaction fees, making it even better for international rentals. There are lots of other perks to picking up the card, like a sign-up bonus of 80,000 Ultimate Rewards points upon completing minimum spend, which I consider to be the best sign-up bonus being offered by any card.
Personally I view these two cards as complements and not substitutes, so I think there’s potentially huge value in having both of them.