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Are you looking for a no annual fee business credit card? Your two top contenders might be the Chase Ink Business Cash® Credit Card or the American Express Blue Business Cash™ Card as your final choice. Either small business credit card is a great choice for your business spending, but we’ll help you pick out the best one.
Ink Business Cash vs Blue Business Cash Signup/Welcome Bonus
You should also look at the purchase rewards and additional card benefits when comparing any credit card to another, but the initial welcome bonus can be the tie-breaking vote that helps you choose one card over the other.
The American Express Blue Business Cash does not have a welcome bonus at this time.
The most valuable benefit of business credit cards without an annual fee is their purchase rewards. If you can’t earn bonus points on most of your large purchases–or most common purchases–you’re losing money because you aren’t earning the most points possible per dollar spent.
In fact, the reason why you’re probably considering a new business credit card is probably that your current one is outdated and has weak purchase rewards.
American Express Blue Business Cash Card
American Express lets you earn up to 2% cash back on the first $50,000 spent on eligible purchases annually. Then, you’ll earn 1% cash back. Cash back earned is automatically credited to your statement. There are no categories to activate or calculate.
The Blue Business Cash Card also comes with Expanded Buying Power. This means you can spend beyond your credit limit to make bigger purchases for your business plus earn cash back on those purchases too. However, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the card, your payment history, credit record, financial resources known to Amex, and other factors.
Chase Ink Cash
The Chase Ink Business Cash® Credit Card is quite different in that it offers tiered purchase rewards. You can earn bonus cash on four purchase categories.
Earn 5% Cash Back
You will earn 5% cash back each account anniversary year on the first $25,000 spent on these two spending categories:
- Office supply stores
- Internet, cable, and phone services
Earn 2% Cash Back
Chase also offers 2% cash back each account anniversary year on these two purchase types for the first $25,000 in annual spending:
- Gas stations
Spending $25,000 in both bonus levels gives you $1,750 cash back each year. All remaining purchases in the 5% and 2% categories earn 1% when you exceed the $25,000 spending cap.
As always, your non-bonus spending earns 1% on all purchases outside of these four spending categories.
Additional Credit Card Benefits
Because neither business credit card charges an annual fee, there isn’t much to speak of when it comes to additional benefits that come with business credit cards that charge an annual fee.
Even so, you can still benefit from several of these benefits that protect your business purchases.
Blue Business Cash From American Express
- Extended warranty protection will extend the warranty on select purchases when the manufacturer’s warranty is five years or less.
- Purchase protection will reimburse you for purchases that are stolen or accidentally damaged within 90 days of the original purchase date
- Amex Offers provides additional opportunities to earn bonus cash back on shopping, dining, and travel purchases. These purchases help you earn bonus cash outside of the 2% cash back.
- Secondary car rental loss and damage waiver covers the deductible portion of any collision or theft-related damage to your rental car
- Connect to QuickBooks lets you connect your account to make sorting your finances and taxes easier
Chase Ink Cash
- Extended warranty protection extends the warranty on select purchases by one year when the original warranty is three years or less
- Primary car rental loss and damage waiver covers up to the cash value of your damaged rental vehicle
- Purchase protection reimburses up to $10,000 per claim on purchases within 120 days of the original purchase date
Possibly the most valuable benefit of the Chase Ink Cash is that you can pool your rewards points from your other Chase Ultimate Rewards earning credit cards like the Chase Sapphire or Ink Business Preferred to transfer them on a 1:1 basis to airline and hotel loyalty programs. Or, you can redeem them directly through Chase for award travel and receive a 25% or 50% travel redemption bonus.
If you don’t pool your rewards points, the rewards points you earn with the Chase Ink Cash can only be redeemed for cash statement credits that help boost the bottom line.
Which No Annual Fee Business Card Is Better?
Both small business credit cards are good options, but one card will probably be better than other depending on how you plan to use your credit card.
American Express Blue Business Cash Card
The American Express Blue Business Cash™ Card doesn’t have an annual fee (See Rates & Fees) and doesn’t have specific categories in which your earn more for your spend. Since it’s 2% cash back across the board (on eligible purchases) up to $50,000 annually, this may be a bit of a downside compared to the Ink Cash. Cash back earned is automatically credited to your statement. However, since the spending cap is a little more flexible, it can be easier to earn more bonus cash.
Chase Ink Cash
You might prefer the Ink Business Cash® Credit Card because it has four bonus categories that will likely be your most common business purchases. You might prefer some of the additional card benefits like primary rental car collision damage waiver coverage as well.
The best way to determine which one is best is to review where you make your business purchases and/or if you have any big expenses either in the near future or annually. If so, is that purchase going to earn more rewards with the Ink Business Cash or the Blue Business Cash credit card?
Summary on Chase Ink Business Cash vs Amex Blue Business Cash Card
It doesn’t matter if you go with Amex or Chase, either business card can make a good primary or secondary business credit card. You’ll never have to pay an annual fee and you can earn up to 5% on your regular business purchases.
For rates and fees of the American Express Blue Business Cash™ Card please click here.
Chase Sapphire Preferred® Card
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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