Ink Business Cash review: A big welcome bonus that deserves your attention

Some of the offers mentioned below are no longer available.

The Ink Business Cash® Credit Card is one of the top business cash-back credit cards, and right now it has a new welcome bonus offer. When you're approved for the card, you can earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.

That's one of the best intro bonuses available and you get that with a $0 annual fee business credit card.

Below, CNBC Select shares the details on this card's welcome bonus, rewards and fees.

Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.

The Ink Business Cash Credit Card is a great option for financing business purchases. New card members receive a 0% Intro APR for 12 months on purchases (then 18.49%-24.49%).

This card also comes with insurance protections that automatically apply to eligible purchases. The built-in coverage includes:

• Extended warranty protection
• Purchase protection
• Rental car collision coverage
• Roadside dispatch
• Travel and emergency assistance services

You can add employee cards to this account for no additional fee.

Earning

The Ink Business Cash Credit Card earns cash back at the following rates:

• 5% back on the first $25,000 in combined purchases each card anniversary year at office supply stores and on internet, cable and phone services
• 2% back on the first $25,000 in combined purchases each card anniversary year at gas stations and restaurants
• 5% back on Lyft rides (through March 2025)
• 1% back on all other purchases

Redeeming

You can redeem the cash back you earn with this card in a variety of ways, but most options provide the same value of one cent per point. You can use your rewards for:

• Cash back (statement credit, direct deposit)
• Travel
• Gift cards

You can link your Ink Business Cash Credit Card with Amazon and use your rewards for Amazon purchases, but you'll get a value of less than one cent per point. So it's better to make the purchase with the card and then redeem the rewards you earn for a statement credit.

Because this card earns cash back in the form of Chase Ultimate Rewards® points, you can boost the value of your points if you pair this card with another Chase credit card that enables transfers, such as the Chase Sapphire Preferred® Card or Ink Business Preferred® Credit Card. Being able to transfer points to Chase's 14 travel partners gives you the opportunity to save a huge amount of money on travel. For example, you could book a round-trip business-class flight with Iberia from several U.S. cities to Europe using just the bonus you can earn from the card.

The Ink Business Cash Credit Card has a $0 annual fee. Its foreign transaction fee is 3% and there is a $40 for both late and returned payments. The introductory APR is 0% for 12 months on purchases and after that, it is 18.49% to 24.49%. The balance transfer APR is 18.49% to 24.49 and there is a balance transfer fee of $5 or 5%, whichever is greater.

Ink Business Cash Credit Card vs. The American Express Blue Business Cash™ Card

For small business owners who prefer earning cash back, but don't spend much at office supply stores or on telecommunications services, The American Express Blue Business Cash™ Card could be a better choice. It has a $0 annual fee and an introductory 0%-APR offer on purchases for the first 12 months from account opening (then a variable 18.49%-26.49% applies, see rates and fees).

If you won't take advantage of the Ink Business Cash Credit Card's 5%-back spending category on the first $25,000, then you'll likely get more value from this card. You'll earn 2% back on the first $50,000 in purchases per calendar year, then 1% back.

Ink Business Cash Credit Card vs. Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card is a sister card to the Ink Business Cash. It has a $0 annual fee and the same welcome bonus and introductory 0% APR offer  for the first 12 months from account opening on purchases (then 18.49% - 24.49% variable APR). How the two cards earn cash back is where the big difference lies. The Ink Business Unlimited card earns a flat 1.5% back on every purchase, meaning it earns 50% more cash back on expenses that fall outside the Ink Business Cash card's bonus spending categories. This makes the Ink Business Unlimited a great complimentary card to the Ink Business Cash or a great stand-alone option for businesses with a large amount of credit card spending.

The Ink Business Cash Credit Card is a great option for businesses that spend a lot of money at office supply stores or on telecommunications services. It has the simplicity of a cash-back card and it pairs well with other Chase travel credit cards. However, depending on your business's spending patterns, there could be better options. You may want a card that's more rewarding for different types of spending, such as advertising or shipping. The Ink Business Cash's bonus spending categories are also limited, so if you spend a lot on your business card every year, choosing one with unlimited bonus cash back might be more rewarding.

The Ink Business Cash Credit Card has a welcome offer of `$350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. That's one of the best welcome bonus offers that's currently available, which is exceptional when you consider that this is a $0-annual-fee credit card.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every business card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best credit cards.

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For rates and fees for The American Express Blue Business Cash Card, click here.