The Awesome Ink Business Cash® Credit Card Extends Its Welcome Offer Spending Period — and Adds an Extra Bonus Points Opportunity

A rewards credit card both René and I love just made its welcome offer easier to reach — and added the opportunity to score even more bonus points with an interesting kicker.

New applicants of Chase’s Ink Business Cash® Credit Card can still earn $750 bonus cash back (awarded as 75,000 bonus Ultimate Rewards® points). But how and how long you have to earn it is what changed. The previous offer required spending $6,000 on eligible purchases within only three (3) months of being approved for card membership.

Now, you earn $350 bonus cashback (35,000 points) after spending $3,000 on purchases during your first three months. Then, you earn an additional $400 (40,000 points) when you spend a total of $6,000 on purchases within the first six (6) months of being approved for card membership. Learn here how to apply for this promotion.

Basically, you have six months to spend $6,000 and earn 75,000 bonus points.

Limited-Time 10% Relationship Bonus

Here’s the extra-interesting part.

If you’re approved for the Ink Cash between now and November 17, 2024, and have (or open) a Chase Business Checking account before your card’s first anniversary, you’ll earn a one-time 10% bonus of all eligible cash back earned during your first year. (This excludes the welcome offer and any points transferred into your account.)

Let’s say you earn $5,000 cashback (500,000 points) on purchases during your first year holding the card. You’ll receive a one-time bonus of 50,000 Ultimate Rewards® points.

Even if you don’t want to pursue the business checking opportunity, I appreciate that new cardholders now have six months to hit the minimum spending requirement instead of just three.

Given that the 10% bonus applies to cards open until November 17, my guess is the welcome offer will last at least until then. But I don’t know for sure.

What’s So Great About the Ink Cash Card from Chase?

Why do René and I have such a thing for Chase’s Ink Cash card?

First, there’s no annual fee. That’s always a big plus!

• Earn 5X on the first $25,000 spent in combined purchases each account anniversary year on these two categories:
  • on internet, cable, and phone services
  • at office supply stores
    • Office supply websites also usually earn 5X for us. Remember to start your purchase at a cashback portal such as Rakuten, TopCashback, or Swagbucks.
• Earn 2X on the first $25,000 spent in combined purchases each account anniversary year on these two categories:
  • gas stations
  • restaurants
• Unlimited 1X all other eligible purchases and after the $25,000 thresholds have been met.

Do we have a gripe about the Ink Cash? Yes. It charges foreign transaction fees. Be careful when using it on PayPal (to purchase software, for example. Not that I know.) And don’t pull it out of your wallet when you’re overseas.

But if you’re reading this blog, my guess is that you already hold a card that doesn’t charge foreign transaction fees.

Combine With Other Chase Ultimate Rewards Cards

Your Ink Cash Card points can be worth significantly more than face-value — if you hold one of three other Chase cards.

Three Chase cards allow cardholders to redeem points at higher values when booking travel through Chase Travel℠:

• Chase Sapphire Reserve®: 1.5 cents per point
• Chase Sapphire Preferred® Card: 1.25 cents per point
• Ink Business Preferred® Credit Card: 1.25 cents per point

That means 75,000 bonus points are worth 112,500 points if you transfer all of them to your Chase Sapphire Reserve® card. (That’s $1,125 worth of travel purchased through Chase Travel.)

They’re worth 93,750 points or $937.50 in Chase Travel purchases for Chase Sapphire Preferred® Card and Chase Sapphire Preferred® Card members.

But you don’t have to transfer all (or any) of your points. Make sure to read our Chase Ultimate Rewards primer.

I Already Sense Panic

I can hear people shifting nervously in their seats.

First, there are people who automatically disqualify themselves because they don’t think they can get small business rewards credit cards.

If someone pays you for a service or goods (other than, say, a 9-5 employer), you’re probably a small business, whether or not you think you are.

Or, heck, maybe now’s the time to self-publish those short stories like you’ve always wanted. Sell stuff on eBay. Boom. Small business.

The second bit of squirming is people wondering about 5/24: the colloquial term for Chase’s habit of automatically denying applications for people approved for five (or more) personal credit cards from any bank within the past 24 months.

Business card approvals don’t count toward your credit score, but Chase’s business credit card folks do take your personal credit cards into account when reviewing your application. Keep that in mind.

But as we wrote last week, some people found that Chase might be chilling out a bit about 5/24.

Time to Set Sail!

Chase still offers 75,000 bonus points to new Ink Business Cash® Credit Card applicants — but they now have six months to earn it, as opposed to just three:

• 35,000 points after spending $3,000 on purchases during the first three (3) months of card membership
• An additional 40,000 points after spending a total of $6,000 on purchases within the first six (6) months of being approved for card membership.
• Learn here how to apply for this promotion.

Plus, if you’re approved for the Ink Cash between now and November 17, 2024, you can earn a one-time 10% bonus of all eligible cash back earned during your first year — if you have or open a Chase Business Checking account.