Curtis Arnold Editor-in-chief
With so many credit cards available to small businesses and entrepreneurs, finding the best one for your situation can be a challenge. If you do not travel on a regular basis, then the Ink Cash® Business Credit Card could be a good choice for your business. It’s one of our editor’s top picks in the small business category due to its strong rewards program and no annual fee.
This card allows you to earn 5 percent cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, Internet and cable TV services each account anniversary year as well as 2 percent cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. You also earn 1 percent cash back on all other card purchases with no limit to the amount you can earn. It has a decent variable rate for a cash-back business card and has no annual fee.
How this card compares to other cards
Our other top picks for small businesses include Capital One® Spark® Cash for Business, The Business Platinum Card® from American Express OPEN, CitiBusiness® / AAdvantage® Platinum Select® World MasterCard® and US Bank Business Edge™ Cash Rewards Card.
If you’re a frequent flier, The Business Platinum Card® from American Express OPEN, terms and restrictions apply, or CitiBusiness® / AAdvantage® Platinum Select® World MasterCard® are probably better offers for you than the Ink Cash® Business Credit Card. However, if you don’t travel much, it will be difficult to offset the annual fee—and it’s unlikely that you will benefit from either rewards program as much as you would a cash-back card suited to your spending habits.
Capital One® Spark® Cash for Business offers a flat 2 percent cash back on all purchases, but comes with an annual fee--$0 intro for the first year and $59 after that. The US Bank Business Edge™ Cash Rewards Card has a rewards structure more similar to the Ink Cash® Business Credit Card in that it offers 3 percent cash-back rewards on qualifying purchases with cellular phone providers, gas stations and office supply stores. All other net purchases earn 1 percent cash back throughout the year, with no caps. Additionally, if you keep your account in good standing, U.S. Bank will kick in an annual bonus equal to 25 percent of your previous year’s cash-back earnings, up to $250.
While the Capital One® Spark® Cash for Business and US Bank Business Edge™ Cash Rewards Card have no spending caps, they do not earn as much in certain popular business spending categories. In order to determine which of these cards is best for you, you’ll need to estimate your annual spending by category and do the math. Use our comparison chart (calculator??) below for help.
Who should get this card
Ink Cash® Business Credit Cardis best for small-business owners with excellent credit who do not travel often and spend substantially at office supply stores and on cellular phone, landline, Internet and cable TV services, as well as gas stations and restaurants.
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