Ink Business Cash 500 IntroTo complement its generous cash back rewards and yearlong 0% intro APR period, the Ink Business Cash Credit Card just raised its intro bonus from $300 to $500 for cardholders who spend $3,000 or more on purchases in the first 3 months of account opening. Combined with its multiple ongoing cash back rewards, consumer benefits and $0 annual fee, the Ink Business Cash Credit Card is a great financial tool for startups and established businesses alike, and there’s no time like the present to check it out. To learn more about its features, and decide whether it’s the right card for your company, read on.

What will I get with the Ink Business Cash Credit Card?

Ink Business Cash Credit Card
  • Earn a $500 cash back bonus when you spend $3,000 on purchases within the first 3 months of account opening.
  • Earn 5% cash back on office supplies, cable, Internet and telecom services (on up to $25,000 in purchases per year, then it’s 1%), 2% for gas and dining (on up to $25,000 in purchases per year, then it’s 1%) and 1% on all other purchases.
  • Get a 12-month 0% intro APR on purchases and balance transfers (balance transfer fee of 5% or $5, whichever is greater).
  • Purchase protection covers new purchases against damage and theft for 120 days, with a $10,000 maximum per claim.
  • Warranty protection extends manufacturer’s warranties on eligible purchases by one year.
  • Get cards for employees at no additional cost.
  • No annual fee.

The Ink Business Cash Credit Card’s $500 intro bonus matches some of its competitors’ intro bonuses, but, unlike its competitors, the Ink Business Cash Credit Card only requires you to spend $3,000 on purchases in 3 months to achieve it, which should be fairly easy for many businesses to accomplish. That bonus is just the tip of the iceberg, as it also sports an excellent 5% cash back for the first $25,000/year spent on office supplies, cable, Internet and telecom services, and 2% cash back for the first $25,000/year spent on gas and dining expenses as well as 1% cash back on everything else. Additionally, you don’t have to worry about interest on this card for a year, as it has a 12-month 0% intro APR on purchases and balance transfers (with a balance transfer fee of 5% or $5, whichever is greater) to help you invest in your business. Items you buy with this card have an extra degree of safety with purchase protection, which provides new purchases with $10,000 of coverage against damage and theft for 120 days, and warranty protection, which extends manufacturer’s warranties on eligible purchases by a year. As a nice little extra, you can also get employee cards for no additional cost. For a business credit card with no annual fee, that’s a lot of features!

Does the Ink Business Cash Credit Card have any downsides?

Even though the Ink Business Cash Credit Card is outstanding, it does lag behind other cards in a few specific ways. First, even though the $25,000 annual purchase limit on the cash back categories is quite high, the SimplyCash Plus Business Credit Card from American Express (a NextAdvisor advertiser) has even higher limits of $50,000 for both of its cash back categories, which could come into play if you put a lot of relevant expenses on your card. Also, if your business doesn’t make many purchases from the 5% cash back category of office supplies, cable, Internet and telecom services, the SimplyCash Plus Business Credit Card from American Express could be a better value for you, as it earns 3% cash back on purchases from one of eight categories that you get to choose from (up to $50,000/year in purchases, then it’s 1% back), such as airfare, shipping costs and even advertising, which lets you customize your card’s benefits to your most frequent business expenses.

Alternatively, if you’re looking for a business credit card without spending categories, the Capital One Spark Cash for Business may be better for you, as it has a flat cash back rate of 2% for all purchases. It has a $95 annual fee that’s waived for the first year, but if your common business purchases are atypical to the point that most cash back categories don’t fit them, its 2% flat cash back rate may be the best fit for you. Finally, a disadvantage the Ink Business Cash Credit Card has to both the Capital One Spark Cash for Business and the SimplyCash Plus Business Credit Card from American Express is that it requires excellent credit (typically a credit score of 750 or higher) to qualify. The two other cards only require good credit, which typically means a credit score of 700 or higher.

Should I apply for the Ink Business Cash Credit Card?

The Ink Business Cash Credit Card does almost everything well, with its strong cash back rates and its yearlong 0% APR intro period, and it’s well-suited to help many different kinds of small business owners. Its newly-heightened $500 intro bonus is just extra incentive to apply for a card that’s already superb, especially considering it has zero annual fee. You can easily apply for this card online by visiting our Ink Business Cash Credit Card review, and if you’re still weighing your options, take a look at our other reviews of the best business credit cards to help you find the right card for your needs.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.