I have an epson ink jet and I wish I had gotten a laser. I like the quality of the ink jet, you can print photo quality, really beautiful high resolution images but for text, it's not as crisp on certain papers because the ink can bleed. I wouldn't really recommend it for business cards.
I have 8 ink colors and in order to get a REALLY great printout, you have to have fresh ink in each color, you also have to run the head cleaners which can waste a lot of ink. Each cartridge is about $15.
Toner lasts a lot longer and the printers tend to have better networking capabilities. I have a NAS that I connected my ink jet to and it works well but I've been too cheap to buy ink for the past couple months so I haven't been printing.
I got the ink jet because I wanted to print my photos and frame them and it would have been great for that purpose but I never used it that way and I ususally end up printing internet articles and proofs for clients. I have printed a few decent size jobs and the ink really does not last long!!
The good thing about it is that it can handle a lot of different types of paper and paper sizes, I can even use rolls of paper which is not possible with a laser. Epson sells a lot of great art papers, but they are quite expensive and changing a paper roll is a hassle. I think I lost some of the parts I need to even use a roll.
I have printed cards on my inkjet and I've had good results. You need an exacto blade to cut down the cards to the right size. If you buy the pre perforated paper, it's always too thin for my liking. I have seen people handout worse but I always think that person must be a real cheapo.
Being a designer, I send everything out to online printers unless it's a proof or it needs to be on specialty paper. In that case, I bring it to my friend who is a printer. You can get 1000s of cards for under $30, why waste ink? For small runs, I go to a printer with a nice digital printer. The printers at Staples (or whatever local print place) are usually a lot better than we can afford at home, they rent Xerox DocuColor and whatnot.
http://www.xerox.com/digital-printin...gen4/enus.html
digital press is good quality now a days.
goodluck to you!