Increased Sign-Up Bonus On The Best No Annual Fee Business Credit Card

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In celebration of National Small Business Week, Chase is offering increased sign-up bonuses on two of their most popular business credit cards. These increased bonuses are available for applications through May 25, 2015, and this is similar to the promotion Chase has offered in past years. Here are the details of the increased bonuses:

  • The Chase Ink Business Cash℠ Credit Card is offering $300 bonus cash back after spending $3,000 in the first three months after account opening; the card has no annual fee
  • The Chase Ink Plus® Business Credit Card is offering 60,000 Ultimate Rewards points after spending $5,000 in the first three months after account opening; the $95 annual fee is not waived the first year

I’ll focus mostly on the Ink Cash sign-up bonus, given that:

  • I’m pretty sure just about everyone has gotten the Chase Ink Plus by now, since I’ve written about it for years
  • The increased Chase Ink Plus sign-up bonus isn’t as good this year as in past years; while the bonus is 10,000 points higher than usual, the $95 annual fee isn’t waived the first year, so it’s only marginally better than normal

Meanwhile, the Ink Business Cash℠ Credit Card is in my opinion the single most compelling no annual fee business credit card out there. What makes it so awesome?

The card has generous bonus categories

The Ink Business Cash℠ Credit Card offers the following bonus categories:

  • 5x points on spend at office supply stores, landlines, internet, and wireless phones
  • 2x points spent on gas and restaurants

The category bonuses are capped at $25,000 of spend per year, which I’m guessing is a moot point for most of us. There aren’t many business credit cards which offer double points on restaurants, which is pretty awesome, given what a common business expense it is.

Earn double points at restaurants with the Ink Cash Card

Admittedly 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.

You can earn 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 5x points bonus categories are really 5% cash back categories.

However, in conjunction with a card that accrues premium Ultimate Rewards points — like the Chase Sapphire Preferred® Card — these points can be converted into premium Ultimate Rewards points at a 1:1 ratio.

Ultimate Rewards airline transfer partners

If you’re looking to minimize annual fees, I don’t think there’s a better personal/business “power couple” of credit cards than the Chase Sapphire Preferred® Card and Ink Business Cash℠ Credit Card. Combined you’re looking at 5x points at office supply stores, landlines, internet, and wireless phones, 2x points on travel, dining, and gas, and no foreign transaction fees. All for just the $95 annual fee on the Chase Sapphire Preferred® Card, which is even waived the first year.

Bottom line on the Ink Cash

I think this is one of the most lucrative no annual fee business credit cards out there, especially in conjunction with another card accruing “premium” Ultimate Rewards points. There hasn’t been a better time to apply for this card, given the increased sign-up bonus being offered at the moment.

This is both a card that’s worth applying for, or otherwise a card you can “downgrade” to from the Ink Plus. Since the annual fee on my Ink Plus is due soon, I plan on applying for the Ink Cash card to replace it before this promotion ends.

In my case there’s no upside to the Ink Plus over the Ink Business Cash℠ Credit Card, given that I’ll hang onto the Chase Sapphire Preferred as long as the benefits stay the same.

Does anyone use the Ink Business Cash℠ Credit Card in conjunction with the Chase Sapphire Preferred® Card to maximize benefits while minimizing annual fees?

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.

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  1. Hi Ben

    You might want to edit the post slightly. You have highlighted in bold that the bonus is 50,000. Is it not 60,000 points ?

    In addition, you’ve mentioned that the bonus isn’t as great as in previous years. Isn’t this the highest bonus they’ve offered ? Could you kindly explain/clarify please ?

    Thanks 🙂

  2. I’ve been thinking about cancelling my Ink Plus and getting the Cash for awhile now… but I see the Cash doesn’t given bonus points for cable/tv. Is that right? The Ink Plus does, so I’ll probably keep it if that’s correct.

  3. @ Keya — Fixed, thanks. For what it’s worth, they actually offered a 70,000 point sign-up bonus on the Ink Plus in the past.

  4. I just applied Ink Cash last night but my application is pending further review. I hope it will get approved. I already have an Ink Plus but that used just my SSN, while I provided an EIN for my Ink Cash application.

    Question – after I get the Ink Cash card going, can I transfer the credit limit from my Ink Plus to Ink Cash and then close the Ink Plus (given they are for “2 different” business that I have)?

    Also, I don’t have CSP but my husband does, so my plan is that after I use the UR points on my Ink Plus later this summer to book a trip to Europe for next year, I will cancel the Ink Plus, but continue to keep Ink Cash and Freedom to accumulate points then transfer them to my husband’s account since he has the CSP to transfer all our combined points to airlines.

  5. Hi Lucky

    Have you heard of people getting the $95 annual fee for the Ink PLUS waived?

  6. @ Lamberts — Given that this offer has just been announced in the past couple of days, I haven’t. And I wouldn’t expect it to be waived.

  7. Hi Lucky

    Can i get the ink cash for a business that has the ink plus already ? will i get the bonus ?

  8. @ chao — If you have a sole proprietorship then you can use your social security number.

  9. @ Moon — I don’t think you can transfer the credit line from one business to another, though I could be mistaken. Sounds like a good strategy you have!

  10. I know there is a referral link to the Chase Ink Plus, but is there a referral link to the Chase Ink Cash?

  11. Hey Lucky. The INK Plus Business card doesn’t offer 2x for restaurants. Only 2x for Gas and Hotels, although I REALLY wish you were right and I was wrong. I copied and pasted from the website below.

    You’ll earn:•1 point for each $1 spent.
    •2 points total for each $1 of the first $50,000 spent each account anniversary year on combined purchases in the following rewards categories: hotel accommodations (when purchased directly with the hotel); gas stations (one additional point on top of the 1 point per $1 earned on each purchase). You may see “2X” in marketing materials to refer to the 2 points total you earn for each dollar spent in these categories each account anniversary year.

  12. @ Rich — Correct, the Ink Cash offers double points on gas and restaurants, while the Ink Plus offers double points on gas and hotels (I believe that’s what post said, no?).

  13. Hi Lucky – do you know if increased sign up bonuses apply to your application date or to the approval date if your submission goes to pending decision? I would hope it’s based on your application date on the limited-time offers…

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