UPDATE – OFFER IS EXPIRED. You can find the current best available offer here.
I’ve written about the huge increased sign-up bonuses on the Chase Ink cards this week in recognition of “Small Business Week,” which include the following promotional offers:
- Ink Cash® Business Card — $250 bonus cash back after spending $3,000 within three months
- Ink Bold® Business Charge Card — 60,000 Ultimate Rewards points after spending $5,000 within three months
- Ink Plus® Business Credit Card — 60,000 Ultimate Rewards points after spending $5,000 within three months
Up until now I’ve only mentioned the Ink Bold and Ink Plus, given that they’re offering truly “mega” sign-up bonuses of 60,000 points. But one card that’s also offering an increased sign-up bonus that I haven’t really mentioned is the Chase Ink Cash, which is offering $250 bonus cash back after spending $3,000 within three months. It’s actually much better than that, though.
First of all, the biggest benefit of the Chase Ink Cash is that it’s a no annual fee card. Not the first year, not ever. Meanwhile the Ink Bold and Ink Plus each have a reasonable $95 annual fee, though they’re waived for the first year. As you can see above I reference “cash back,” and while the Chase Ink Cash is technically a cash back card, if you have a Chase Sapphire Preferred® Card then these points also become Ultimate Rewards points. That means the points currency is just as valuable as the one earned on the Ink Bold and Ink Plus. So the sign-up bonus is essentially the equivalent of 25,000 Ultimate Rewards points if you also have a Chase Sapphire Preferred card, which is 5,000 points better than normal.
The Ink Cash has very similar benefits to the Ink Bold and Ink Plus — it also offers 5x points on purchases at office supply stores, and on cellular phone, landline, internet, and cable TV services, as well as 2x points on purchases at gas stations. Instead of offering 2x points on hotels it also offers 2x points on dining, which I think many will actually prefer. The catch is that instead of offering those bonuses for the first $50,000 spent annually, the Ink Cash only offers them for the first $25,000 spent annually in those categories annually. I’d be willing to bet that for 99% of us that’s a non-issue.
So if you’re looking for a no annual fee card that offers some generous bonuses in certain spend categories, the Chase Ink Cash is pretty tough to beat, in my opinion. That being said, the sign-up offers for the Ink Bold and Ink Plus cards are much higher, so I would probably apply for one of them first if you don’t have one yet.
Lastly, this is considered a separate product from the Ink Bold and Ink Plus, so even if you’ve had one of those cards in the past you’d still be eligible for this card.
(In the interest of full disclosure, I earn a referral bonus for anyone approved through the above links. All are for the best available offers. Thanks for your support!)