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The Ink Business Cash℠ Credit Card is arguably one of the most rewarding no annual fee business credit cards, and it has a very nice increased sign-up bonus at the moment.
The card is offering $300 bonus cash back after spending $3,000 on purchases within the first three months of account opening. In reality this is actually 30,000 points, which can be converted into Ultimate Rewards points if you have the card in conjunction with a card that accrues premium Ultimate Rewards points, like the Chase Sapphire Preferred® Card. For context, this sign-up bonus is 50% higher than usual.
Why the Ink Cash is incredible for everyday spend
In my opinion the Ink Business Cash℠ Credit Card offers the best bonus categories of any no annual fee business credit card. With this card you earn:
- 5x points on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services
- 2x points on the first $25,000 spent annually at gas stations and restaurants
Those are some great bonus categories for a no annual fee card, in my opinion.
Maximizing the value of points earned on the Ink Cash
However, if you have any of the above cards in conjunction with a card that accrues “premium” Ultimate Rewards points, you can transfer these points to Ultimate Rewards. Cards that accrue “premium” Ultimate Rewards Cards include the:
So one cent cashback converts into one Ultimate Rewards point with any of the above premium cards.
How the Ink Cash fits into my overall credit card strategy
I have a better portfolio of Chase credit cards than ever before. At the moment I have the Chase Sapphire Reserve℠ Card, Ink Business Cash℠ Credit Card, Chase Freedom® Card, and Chase Freedom Unlimited®. The only one of those cards on which I pay an annual fee is the Reserve Card, but combined with the other three no annual fee credit cards, I’m earning:
- 5x points at office supply stores, and on cellular phone, landline, internet, and cable TV services
- 5x points in rotating quarterly categories
- 3x points on dining and travel
- 1.5x points on every purchases
That’s an amazing combination.
Keep in mind restrictions on approvals
Do keep in mind that all of the above cards seem to be subject to Chase’s “5/24” rule, meaning you’re unlikely to be approved if you’ve opened five or more card accounts in the past 24 months.
If you’re not eligible but want a Chase credit card, you might want to instead consider The Ritz-Carlton Rewards® Credit Card, which isn’t subjected to this rule. The card has a huge sign-up bonus of three complimentary nights upon completing minimum spend, and has several other great perks, like Ritz-Carlton Gold status, a $300 annual airline credit, and a $100 domestic companion airfare discount.
The increased sign-up bonus on the Ink Business Cash℠ Credit Card is fantastic, and is a great complement to other Chase cards. This is a card I’ve had for a while, so I’d highly recommend signing up under the current offer, assuming you’re eligible. While we’ve seen a 30,000 point offer before, I don’t recall ever seeing a better offer.