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Lucky, if one were NOT to max out office supply spend ($25K) it seems to be wise to downgrade (or cancel) the Biz card to fee-free Chase card (Chase Ink?). Then simply keep the $95 CSP (for transfers) and be done with it.
Might even be able to get sign up bonus again in a year or two on fee paid cards (Ink Bold and Plus).
Am I missing something?
The Ink Business Cash℠ Credit Card is indeed a heck of a business card and often overlooked. I’d argue it’s the best no annual fee business card out there, especially in conjunction with the Chase Sapphire Preferred® Card.
The card has generous bonus categories
Much like the Ink Plus® Business Card and Ink Bold® Business Card, this card accrues 5x points on spend at office supply stores, landlines, internet, and wireless phones, as well as 2x points spent on gas and restaurants (rather than hotels).
The major difference is that the category bonuses are capped at $25,000 per year instead of $50,000 per year, though I’m guessing for most of us that’s a moot point.
Furthermore, while the Bold and Plus offer double points on hotels and gas, the Ink Cash offers double points on gas and restaurants. It’s actually kind of useful to be able to earn double points on dining directly on a business credit card.
Earn double points on restaurants with Ink Cash
I know you can always use the Chase Sapphire Preferred® Card and reimburse yourself, but from an accounting perspective it’s much easier to put a business dinner directly on a business credit card.
Ability to convert points into “premium” Ultimate Rewards points
This card is marketed as being a cash back card, meaning each point you earn gets you one cent cash back. That means the 5% bonus categories are really 5% cash back.
However, in conjunction with a card that accrues premium Ultimate Rewards points — like the Chase Sapphire Preferred® Card, Ink Plus® Business Card, and Ink Bold® Business Card — these points can be converted into premium Ultimate Rewards points at a 1:1 ratio.
If you’re looking to minimize annual fees, I think the “power couple” of credit cards in this case would be the Chase Sapphire Preferred® Card and Ink Business Cash℠ Credit Card. Combined you’re looking 5x points at office supply stores, landlines, internet, and wireless phones, 2x points on travel, dining, and gas, and no foreign transaction fees.
Ink Business Cash℠ Credit Card sign-up bonus
One consideration is that the sign-up bonus on the Ink Cash Card is 20,000 points after spending $3,000 within three months.
This is quite a bit less than what’s offered by the Plus and Bold versions of the cards. These are all considered unique products, so you are eligible for the card even if you’ve had the Bold or Plus before.
Bottom line on the Ink Cash
I think this is one the most lucrative no annual fee business credit cards out there, especially in conjunction with another card accruing “premium” Ultimate Rewards points.
While I’ve had the Ink Plus® Business Card for several years now, I’m considering switching my spending to this card. Since I live in hotels full time I don’t pay for internet and cable TV anymore, so the categories in which I earn 5x points has decreased a bit.
As a result I think the no annual fee version of the card is better for me.
Non-Affiliate Product Disclaimer: The information for the Ink Business Cash℠ Credit Card has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.