The Ink Business Cash® Credit Card’s Current Welcome Offer

Link: Learn here how to apply for the Ink Business Cash® Credit Card

The Ink Business Cash® Credit Card is an excellent, no-annual-fee rewards card we’ve used for years.

The card didn’t raise its bonus cashback (bonus Chase Ultimate Rewards® points) for new applicants. Rather, it extended people’s time to meet the minimum spending requirement. It also now features a limited-time offer that sort of bundles a bank bonus. Here are the details!

Ink Business Cash® Credit Card: $750 Cashback (75K Bonus Points)

The Ink Cash Card offers up to $750 bonus cashback (awarded as 75,000 bonus points) after you spend $6,000 on eligible purchases within six (6) months of being approved. The previous offer gave applicants only three (3) months to hit the $6,000 minimum.

Here is how the bonuses are awarded:

• Earn $350 (35,000 bonus points) after you spend $3,000 on purchases in the first three (3) months
• Earn an additional $400 (40,000 bonus points) when you spend a cumulative $6,000 on purchases in the first six months after account opening.
• Learn here how to apply for this offer.

Chase also added an interesting twist to the offer.

We’ve seen many banks offer bonuses for opening new checking or savings accounts. For example, you can earn a $350 cash bonus after opening a new Razzle Dazzle Checking Account at Amazing Bank X, depositing $2500, and parking it there for at least six months.

Eligible cashback is whatever you earn on spending, excluding:

• Cash Back rewards earned through a new cardmember bonus or any other bonus offer
• Points moved into your account through the Ultimate Rewards Combine Points feature or any other transfer method

But even if you don’t have a Chase Business Checking account and don’t want to go through all the trouble of opening one, now having six months to hit the $6,000 minimum spending requirement is nice.

For what it’s worth, the best-ever welcome offer we saw for this card was 90,000 bonus points. I don’t know when or if that will return. (I think the lowest was 60,000 or 65,000?)

Ink Cash Card

Do you have a cell phone?

Us, too!

That’s one big reason we hold the Ink Cash Card. The card earns 5% cash back (5X points) on the first $25,000 spent in combined purchases on internet, cable, and phone services and at office supply stores each account anniversary year. (After the $25K is reached, it’s 1X per dollar.) I put all but $10 of my monthly Verizon bill on my Ink Cash Card and earn 5X points per buck. (If you’re buying a new iPhone and charging it to your monthly bill… see where I’m going?) And if you pay for internet access and/or cable TV, that’s another 5X points per dollar spent right there.

The card also earns 2% cash back (2X points) on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. (After the $25K has been reached, it’s 1X per dollar.)

All other eligible purchases earn unlimited 1% cash back (1X points)

How It Gets Sweeter

Three Chase cards allow cardholders to redeem points at elevated rates when redeeming them for travel purchases through Chase Travel℠:

• Chase Sapphire Reserve® (50% bonus)
• Chase Sapphire Preferred® Card (25% bonus)
• Ink Business Preferred® Credit Card (25% bonus)

You can transfer your Ink Cash points to one of those cards (if you have one). That alone makes 75,000 points worth between 93,750 points (or $937.50) and 112,500 points (or $1,125) worth of travel purchased through Chase Travel. 

“I Don’t Own a Small Business!”

Are you sure about that? So many people have side hustles these days.

The classic example of “Do I own a small business?” is selling items on eBay.

Do you babysit? Are you an author who self-publishes books or blog posts? Do you create stuff to sell on Etsy, Redbubble,  Amazon, or whatever? Are you an actor looking for gigs? Do you drive for rideshare companies?

Does anyone pay you for anything outside of your regular, taxable income? (Disclosure: none of this blog’s authors or owners are financial or tax professionals. Consult a financial or tax professional if you have questions.)

You don’t need a big desk in a high-rise or have a storefront window display to be a business.

Foreign Transactions Fees

Here’s a knock against the card: it charges foreign transaction fees. The Ink Cash’s is 3%. The Unlimited also charges 3%. I generally stick to US-only stores and websites when making purchases using my Ink Cash. Chances are you already hold a card that doesn’t charge foreign transaction fees — so that could be your fall for those purchases.

What About 5/24?

The Ink Business Cash® Credit Card is a Chase product. That means it’s subject to the “unofficial” 5/24 rule. This means you’ll likely be declined for a Chase card if you’ve been approved for five (5) or more credit cards from any bank within the past 24 months.

However, Chase business cards — such as the Ink Business Cash Card — don’t count as personal card approvals.

Final Approach

The Ink Business Cash® Credit Card now gives new members six months (as opposed to three) to reach the $6,000 minimum spending requirement to earn 75,000 bonus points ($750 cash back). Plus, an interesting bank bonus can help new members earn even more points.