The Ink Business Cash℠ Credit Card recently introduced an increased welcome bonus of 50,000 points after spending $3,000 within three months, which is significantly better than the previous bonus of 30,000 points upon completing minimum spend. This is the best public bonus we’ve ever seen on the card.
Not only is that a great bonus, but this is a card I can’t recommend applying for enough, for a variety of reasons. This includes the card’s excellent purchase protection, car rental coverage, and bonus categories. Specifically, the card offers:
- 5x points on the first $25,000 of combined purchases per account anniversary year at office supply stores, and on internet, cable, and phone services
- 2x points on the first $25,000 of combined purchases per account anniversary year at restaurants and gas stations
In conjunction with a card like the Chase Sapphire Reserve® Card, points earned on this card can be converted into Ultimate Rewards points that can be redeemed for 1.5 cents each towards a travel purchase, or be transferred to an airline or hotel partner, where you can get even more value.
Personally I value Ultimate Rewards points at 1.7 cents each, so to me that means the 50,000 point welcome bonus on this card is worth $850, assuming you have this card in conjunction with one earning premium Ultimate Rewards points. While we see lots of credit cards with big welcome bonuses nowadays, it’s exceedingly rare to see such big bonuses for a card that has no annual fee. Some cards have a waived annual fee for the first year, while this card never has an annual fee.
It’s only logical that generally cards with annual fees have better welcome bonuses than cards without annual fees, since they have different marketing budgets.
As I put thought into this, it occurred to me that the current 50K bonus on the Ink Business Cash℠ Credit Card may just be the best ever welcome bonus we’ve seen on a no annual fee card. It’s possible that in the history of credit cards I’m missing something, though off the top of my head I can’t think of a no annual fee card that has ever had a bonus that I value at ~$850.
If you haven’t yet applied for a Chase business card, see this post for details on how to fill out a Chase business card application, as you’re potentially eligible even if you just have a sole proprietorship.
Can anyone think of a better welcome bonus on a no annual fee card than what we’re seeing right now on the Ink Business Cash℠ Credit Card?