Thinking About Applying for the Chase Ink Cash Card? You Might Want to Apply Now!

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About a month ago, Chase announced an amazing offer for their Ink Business Cash credit card – 50,000 Chase Ultimate Reward points (worth $500 cash back or more!). Learn more. This is the best ever publicly available offer for this card and definitely a card you should consider! Due to this offer, I actually applied (and got approved!) for this card a few weeks back. Shockingly I was not a cardmember and am not above Chase’s “5/24” rule. While there is no end in sight for this offer, there are some rumors going around that redeeming the points earned in the future might change.

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. Keep in mind that this is advertised as $500 cash back, where you can redeem your Chase Ultimate Reward points for cash back (50,000 points = $500 cash back) or you can pick a few other ways to redeem your points and potentially get a much better value (read below!). No annual fee! Learn more

Just yesterday, another blogger Frequent Miler shared some speculative news that Chase may no longer allow you to transfer points earned between Ultimate Reward accounts. Right now there are two different accounts – ones that earn “premier” points and ones that earn “limited” points. The credit cards that carry an annual fee earn “premier” points, while the no annual fee cards earn “limited” points. Premier points can be transferred to partner loyalty programs such as Hyatt, British Airways, United, Marriott, etc. The limited earning points do not have this same benefit and points are worth a fixed 1 cent per point. Fortunately though, you can always transfer points freely between Ultimate Reward points. This means that if you have a Premier and Non-Premier card, you can transfer the points earned on the Non-Premier card to the Premier card and the points then become “Premier”. You can then transfer those points to a partner loyalty program even though they were originally earned on a limited earning card. 

This loophole makes the points earned on the no annual fee Chase Ultimate Rewards cards, such as the Ink Business Cash credit card, even more valuable! I typically get at least a 2 cent per point value out of my points when I transfer them a partner, so the sign up bonus is worth at least $1,000 in my valuation (as long as you have a Premier card).

Now, if Chase goes ahead and closes the loophole that points cannot be transferred between accounts, that means the points from this sign up bonus are worth a flat $500 – exactly how the welcome offer is described. So once you earn the points, I suggest transferring them to your Premier card account immediately. I also suggest trying to earn the points from the welcome offer sooner then later so you can get the most possible value out of them. So if this is a card you’ve been meaning to apply for, I suggest doing so now! And remember, this is a rumor, although it seems to have come from a pretty good source and a rumor that I wouldn’t be surprised before. With that being said, I am sure accounts will get warning ahead of time if an ultimate decision/change is made.

Details about the Ink Business Cash Credit Card:

Similar to all other Chase Ink cards, this is a business card, but the only one with no annual fee! 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.

Earning Points

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

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

**Remember, you are actually earning Chase Ultimate Reward points on all purchases and you can then redeem for cash back if you wish, or redeem your points as the method described in this post! You will not automatically redeem cash back after your purchases, you actually need to “redeem” your points.

So this is a great card for those that spend a lot at office supply stores, internet, cable, and phone services! While I personally use my Chase Ink Preferred to pay my cell phone bill (due to the insurance benefit), using this card would earn me way more points on an already expensive monthly bill.

Redeeming your 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. That will then allow you to have more flexibility when redeeming your points. Instead of only being able to earn cash back on your points, you can instead transfer your points to a partner loyalty program (such as Hyatt, Marriott, Ritz, United, British Airways Avios, Iberia Avios, etc.). Or, you can use your points to book travel through the Chase Ultimate Rewards portal. If you do not have a “Premier” Chase account, then you’ll just earn cash back where 1 point = 1 cent.


This is a great offer and one I suggest considering soon. I love the Chase Ultimate Reward program and have been able to get a huge value out of my points earned. As of now, there is no set date to when the welcome offer will expire, but as mentioned above, I suggest applying sooner then later solely due to the possible loophole closure. Remember, this card does fall within Chase’s “5/24” rule, but is not counted when adding up how many Chase cards you’ve applied for – so apply for this card prior to any personal cards. And also, if you do not have a documented business, you can use your social security number during the application process. Related posts about this card and offer: Chase Ink Cash Card 50,000 Point Offer, Are you Eligible for the 50,000 Point Offer from the Chase Ink Cash Card?, Chase Ink Cash Offer – $500 Statement Credit is the Same as 50,000 Points

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