Chase Ink Cash Offer – $500 Cash Back Same as 50,000 Points!

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Last month I wrote about an amazing offer for the Chase Ink Business credit card. This limited time offer is the best offer we’ve ever seen for the card and is definitely a card to highly consider – both because of the offer and the benefits that go along with the card! At the time of writing about the offer, I positioned it as 50,000 points, but when you go to the application page it states “$500 cash back”. I have received many inquiries about this and wanted to let you know that it is the exact same offer! Learn more.

With Chase Ultimate Reward points, 1 point = 1 cent when redeeming for cash back, so 50,000 points can equal a fixed $500 and is how the card is advertised. Although, you are really earning 50,000 points and do NOT have to redeem for cash back! But, you can potentially get in even better value when transferring to partner programs, so this card is worth a minimum of $500! Read below to find out how!

Key Link: 

  • Ink Business Cash℠ Credit Card: Earn 50,000 Chase Ultimate Reward points after you spend $3,000 on the card within the first 3 months. No annual fee! Learn more

Similar to all other Chase Ink cards, this is a business card, but the only one with no annual fee ever! Typically, the sign up bonus for this card is somewhere between 15,000-30,000 points, so to see a 50,000 point offer is quite awesome, especially since I love earning Ultimate Reward points. I personally get at least a 2 cent per point value out of these points, so 50,000 points is worth around $1,000 in my book! But, if you prefer cash back (or do not have another “premier” Chase Ultimate Reward card), the 50,000 points is worth a fixed $500 which is still great!

Redeeming Points

As mentioned above, if you have a “premier” card, such as the Chase Ink Preferred, Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Bold, Chase Ink Plus, you can transfer the points earned from your Chase Ink Cash account to one of those accounts, and then transfer to a partner loyalty partner (such as Hyatt, Marriott, Ritz, United, British Airways Avios, Iberia Avios, etc.). That will then allow you to have more flexibility when redeeming your points and most likely will get you a much better value for your points. Or, you can use your points to book travel through the Chase Ultimate Rewards portal, where the premier cards will get you a better value then cash back. By transferring to partner programs is where I personally earn at least 2 cents per point. This Ink Business Cash card is NOT a premier card so you cannot directly transfer points earned from this account to an airline or hotel partner, so if this is your only Chase Ultimate Reward card then you can just redeem/earn cash back where 1 point = 1 cent (thus the 50,000 points = $500).

Earning Points

With this card, you’ll earn the following bonus points:

  • 5x points at office supply stores, internet, cable, and phone services. This is capped at $25,000 spent per anniversary year.
  • 2x points at gas stations and restaurants. This is capped at $25,000 spent per anniversary year.
  • 1x point on all other purchases. No cap!

So this is a great card for those category that earn 5x points! While I personally use my Chase Ink Preferred to pay my cell phone bill (due to the insurance benefit), using this card would earn is a great way to earn more points on an already expensive monthly bill. And getting 2x points at gas stations and restaurants is great too – and while this is a common category bonus amongst many cards, remember this card has no annual fee and you still get the bonus!


I am personally extremely excited about this increased offer! It is a card I currently do not have in my wallet and will be applying very shortly for it! To earn 50,000 Chase Ultimate Reward points on a no annual fee card is awesome! Keep in mind though, this card is subject to Chase’s “5/24” rule, BUT since it is a business card it does not count towards the magical 5 number. And if you do not have a documented business, you can use your social security number during the application process.

Learn more here

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  1. Do you know how many Ink cards you can have? I currently have 2 Plus and 1 Preferred under 2 businesses. I am going to close one of the Plus.

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