New 50,000 Point Welcome Bonus On Ink Business Cash Card

In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!

The no annual fee Ink Business Cash℠ Credit Card is one of the most compelling no annual fee business cards. The card offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores, and on cellular phone, landline, internet, and cable TV services, for each account anniversary year.

While those bonus categories are generous, what makes this card especially compelling is that you can convert cash back into Ultimate Rewards points, at the rate of one cent per Ultimate Rewards point. This is only possible if you also have a card that earns Ultimate Rewards points, including the Chase Sapphire Preferred® CardChase Sapphire Reserve® Card, or Ink Business Preferred℠ Credit Card. Since I value Ultimate Rewards points at 1.7 cents each, that’s like getting 70% more value out of your points than you’d otherwise get. The way I view it, those 5% cash back categories really net you a return of ~8.5%.

Anyway, as noted by Doctor Of Credit, at the moment the Ink Business CashSM Credit Card is offering an increased welcome bonus of $500 cash back after spending $3,000 within three months. This is the biggest bonus I ever recall seeing on the card. You can convert that $500 into 50,000 Ultimate Rewards points to get even more value, assuming you have a card accruing Ultimate Rewards points.

This card is subjected to Chase’s 5/24 rule, meaning that you won’t generally be approved for the card if you’ve opened five or more new card accounts in the past 24 months. If you already have the Ink Business Preferred℠ Credit Card then you’re still eligible for the Ink Business Cash, and vice versa.

The $95 annual fee Ink Business Preferred℠ Credit Card still has a significantly more compelling welcome bonus, as the card offers 80,000 Ultimate Rewards points after spending $5,000 within three months. I consider that to be the all around best credit card welcome bonus out there. However, that bonus has been around for quite a long time, while presumably this welcome bonus is limited time (though I don’t know the end date).

What are the benefits of the Ink Business Preferred?

  • 3x points on shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engine (on the first $150,000 in combined purchases per cardmember year)
  • An incredible cell phone protection plan of up to $600 per claim, against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Ink Business Preferred Card; you can have a maximum of three claims in a 12 month period, and there’s a $100 deductible per claim
  • Auto rental collision damage waiver coverage when you decline the rental car company’s collision insurance and charge the entire rental cost to your card; coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
  • Trip cancellation and interruption insurance; if your trip is canceled or cut short by sickness, severe weather, and other covered situations, you can be reimbursed up to $5,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels
  • Purchase protection, which covers your new purchases for up to 120 days against damage or theft up to $10,000 per claim and $50,000 per account, and extended warranty protection, which extends the time period of US manufacturer’s warranty by an additional year, on eligible warranties of three years or less

Bottom line

The new $500 welcome bonus on the Ink Business CashSM Credit Card is the biggest bonus I ever recall seeing on the card, so it’s a heck of a deal for anyone who is considering getting this great no annual fee business card. The key to maximizing value here is to also have a card earning Ultimate Rewards points, so you can get even more value out of the rewards.

Regarding Comments: The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Comments

  1. Wait Lucky, you mean if I don’t have any other Chase cards that earns UR pts, and signs up for this card, the $500 chase can’t be used as 50,000 UR pts? (based on your statement…”what makes this card especially compelling is that you can convert cash back into Ultimate Rewards points, at the rate of one cent per Ultimate Rewards point. This is only possible if you also have a card that earns Ultimate Rewards points, including the Chase…”

  2. Hi lucky,
    Love the site and have been lurking for a few years.
    I just used your recommended method of determining my 5/24 status (Credit Karma) and don’t see one of the cards I got in the last year. It shows 4 cards, but not the Citi AA Platinum Business card. Do business cards not count against 5/24 or are they just not reported against my personal credit report?

  3. @ Tigris — Correct, the option is only available to you if you have a card earning Ultimate Rewards points. You could get the Ink Cash now and then later get a card earning Ultimate Rewards points and still transfer them.

  4. @ Max — Often non-Chase business cards don’t count towards that limit, which might explain why it’s not showing up. 🙂

  5. @ Lucky, thanks for clearing that up! Now, what if instead of transferring the points earned from the CIC to one of Chase’s transfer partners, can I still the sign up bonus as chase points (I assume it shows on Chase’s account as 50,000 pts & only value as $500 when redeeming it as cash) to purchase airfares or book hotels using Chase’s online travel portal? Thanks again!

  6. Do you think it’s better to apply for the Ink Business Preferred to get the 80k points bonus and then downgrade to the Ink Business cash?

    If anything you’ll bite the bullet of paying the $95 annual fee for a year, but that should be the only down side

  7. @ Lucky, Am I able to sign up for this card even if I don’t own a business? Can I just enter my personal information?

  8. I’m going to be my own DP and test the Chase 5/24 waters. Esp that my 5th card is a store only card. Wish me luck.

  9. Lucky,
    Thank you for all the time and consideration you put into answering all these comments.

    So just to clarify, since “This card is subjected to Chase’s 5/24 rule, meaning that you won’t generally be approved for the card if you’ve opened five or more new card accounts in the past 24 months. If you already have the Ink Business Preferred℠ Credit Card then you’re still eligible for the Ink Business Cash, and vice versa.”

    Then having a IBP would not make you ineligible to receive the bonus AND although it would have been subject to 5/24, an IBP would or wouldn’t count towards the 5/24?
    Basically if you were at 4/24 and got the IBP, are you still at 4/24 essentially (business cards not counting) or are you at 5/24 now?
    Also, are both of these cards subject to a Chase rule about the number of days (90) between applications for business cards?

  10. @ Mavgal — The Ink Business Preferred would count towards that limit, so if you applied for that and were at 4/24 before, you’d be at 5/24 after. I do believe they’re both subjected to those rules, though I haven’t found the 90 day rule to be a hard and fast one.

  11. I got the Ink Cash few months ago when it was only a 30k offer. Messaged chase to see if i can get a match of the 50k and they said only if it was opened within 90 days of the latest offer. I opened mine in Oct last year so I didn’t get a match.

  12. @tolikfox – I got shot down too, but I received my CIC about 3 weeks ago.
    Sent an SM to chase and they said I was not eligible for the increased offer and to contact a Business Relationship Manager at my local branch (no branch in my state). Called them up a few hours later and the nice rep I talked to put in a request to have to have the offer matched. I’

Leave a Reply

Your email address will not be published. Required fields are marked *