Value Of The Ink Business Cash℠ Credit Card

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Yesterday I made a post about the pending (minor) changes to the Ink Plus® Business Card and Ink Bold® Business Card. Reader Geoff left the following comment on the post:

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.

Restaurant-Bonus-Points
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.


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Comments

  1. Lucky, I really want to get the Ink Bold business card but I don’t really need any more office supplies. Can you share any of you secrets on how to spend money at office supply stores without really spending anything to get the 5x point bonus? Maybe there’s a method with bluebird?

  2. No mention here of the 70,000 point sign up bonus for the Chase Ink Plus when you sign up in the branch.

  3. @ JC — I wouldn’t be the person to ask, unfortunately. I have pretty “straightforward” credit card use, so don’t really do manufactured spend.

  4. Some of your fellow bloggers might assume that their readers know what the inside of a restaurant looks like, but I for one am glad to see that you haven’t taken anything about your readership for granted. 🙂

  5. Nice writeup. Just a minor correction. In one paragraph you correctly identify the bonus categories for the Ink Cash, but in a later paragraph you have an error: “Furthermore, while the Bold and Plus offer double points on hotels and gas, the Ink Cash offers double points on hotels and restaurants. ” The bonus Ink Cash categories are gas and restaurants, not hotels and restaurants.

  6. Did I understand you correctly Lucky – you can have the Ink Plus AND the Ink Cash for the same business?

  7. I made the switch to the Ink Cash recently, and do enjoy not having to worry about the annual fee coming up. The Ink cards were too valuable to not have one. I’ve had the Plus and Bold previously, even though my business is…well…we’ll call it a figment of my imagination to this point.

    At any rate, they have had an increased sign-up bonus for the Ink Cash at the same time they do the sign-up bonuses for the Ink Plus/Bold cards. I think I got the 30K bonus on this one, once I hit the spend. So, if it works out and you’re flexible enough, you might be able to hold out for the increased bonus.

  8. Are you sure that the Cash back points earned from Cash Ink Plus can be combined with Ultimate Rewards points?
    Case of Freedom card is different. The card is advertised as an ultimate reward card that earns Ultimate Reward points, only the points are not transferable to partners, which can be solved by having another Ultimate Reward card that has the transfer option (such as Sapphire, Ink Plus, etc.).
    I am not sure case of Cash Ink Plus would be similar to Freedom, as the former does not earn Ultimate Reward points to begin with.

  9. Hello. I truly need 1 of these bus. cc’s so I have several ?’s please.
    1) I read the Cash app but I didn’t see where it said that I can transfer my pts to another acct such as the CSP. This can be done, correct?
    2) It asks for your “co’s base revenue.” For that “start up co.” of which you know I’m talking about, what is the best value that you can put here w/out being denied? Would putting down “0” hurt you?

    I need a cc w/out the AF but I want to be able to transfer the pts if need be. And being that this would also be a “no foreign fee” cc with a chip, this would make it all the better.

  10. @ mommafrica —

    1) Correct, can be done through Chase’s website.
    2) You should always be honest on applications. No way to know for sure if they’ll approve you, but I’m sure they’d at least consider a startup.

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