Are you considering a Chase Ink card for your small business needs? Since there are a few different types of Chase Ink credit cards in the US, namely, Ink Cash, Ink Bold and Ink Classic Business, and all of them are offering a cash back signing bonus, I’ve decided to do an overview of these Chase (NYSE:JPM) business cards so that you can have a better idea of which one exactly will suit your business needs.

I’ll start off with a highlight of the benefits found in all the Chase Ink cards:

Cash back bonus. Chase is offering all new sign-ups bonus points ranging from 15,000 to 50,000 which equal $150-$500 cash back after making a minimum purchase with the card. We’ve only seen this cash back bonus offer in Chase business cards.

Earn at least 1% cash back or 1 point per dollar on all purchases. Whatever you spend on, you’re sure to get rewarded just for using your card.

Redeem for cash back. All cards give you the option to redeem your rewards in the form of cash back, which is cold hard cash which you can earn to offset your business expenses. All cards, except Ink Cash, let you redeem your points through the Ultimate Rewards program for a wide variety of rewards including travel without blackout dates or restrictions, merchandise, gift cards, cash or VIP experiences.

No limit to the amount of cash back or points you can earn. The more business expenses you put on your card, the more cash back or points you’ll earn, without any maximum cap.

Free additional cards for your employees. Most card companies charge a per-card fee if you want to get extra cards for your employees, but not Chase. You get to earn points/cash back on additional cards and can also set spending limits on each card so that you can control how much they can spend.

Free monthly statements and quarterly management reports. Your expenses are itemized and categorized to make it easier for you to track your business’ spending.

Zero Liability Protection. If there are any unauthorized purchases made with your Ink business card, you need not pay a single cent.

Benefits like travel accident insurance, auto rental insurance, roadside dispatch, baggage delay refund, 24/7 real-person customer service, purchase protection, extended warranty, fraud early warning service, etc.

Brief overview of each Chase Ink card:

Ink Cash: No annual fee, and offers $250 bonus cash back as a signing bonus – the largest amount ever offered for a business credit card. You get $100 cash back when you make your first purchase and $150 cash back after spending $5,000 in the first 3 months. It gives you 5% cash rebate on office supplies, cable services, and telecom services on the first $25,000 dollars spent annually, 2% cash rebate on the first $25,000 spent annually on gas and dining expenses, and 1% rebate on all other things. Rewards are earned as points and 1 point equals 1% or $0.01 cash back. So if you have 5,000 points, they can be redeemed for a $50 check. Offers a 0% introductory APR on purchases and balance transfers for the first 12 months. I personally prefer Ink Cash to the other Ink cards because you get cold hard cash back, with which you can do whatever you want with it. Because of its generous cash rebates, Ink Cash won a spot in our Best Credit Cards for 2011.

Ink Classic Business (formerly known as Ink with Ultimate Rewards): No annual fee. You’ll receive $250 bonus cash back when you sign up for the card and spend at least $5,000 within the first 3 months. This MasterCard gives you 1 point for every $1 spent on all purchases, 2 points for every $1 spent on dining and fuel, 5 points on telephone services, office supplies and wireless services, and up to 10 points for every $1 you spend when shopping at Ultimate Rewards. Offers a 0% introductory APR on purchases and balance transfers for the first 12 months.

Ink Bold: To reward new sign-ups, you’ll get 50,000 bonus points: 25,000 when making your first purchase and 25,000 when spending $10,000 in the first 3 months with this MasterCard. Unlike the other Ink cards, Ink Bold is a charge card, not a credit card, and thus has a flexible spending limit. It gives you 1 point for every $1 spent on all purchases, 2 points for every $1 spent on gas and hotel stays, 5 points for every $1 spent on wireless and cable services and office supplies, and up to 10 points for every $1 spent at Ultimate Rewards. Employee cards are free. I would recommend Ink Bold for a business owner who spends at least $100,000 a year on business expenses. Annual fee of $95 waived for the first year.