Thursday, October 27th, 2016, 3:34 pm
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Update: Chase has confirmed that the Ink Plus card will be discontinued with the launch of the Ink Business Preferred card later this year. The exact date for that is unknown. The status of the Ink Cash card is unknown as well, but odds are that it will drop the 5x categories for new applicants even if it does stick around.
I’ve been able to rack up (and redeem) a few Chase points over the years. They add up quickly thanks to 5x categories:
Apply now for an Ink Plus or Ink Cash card if you want to be grandfathered and lock in the ability to earn 5 points per dollar!
You can open a Ink Plus and Ink Cash card and earn the signup bonus for each of your businesses.
Originally posted on 10/19:
Banks offer cards that earn 5 points per dollar in select categories as a loss leader.
Their days may be numbered at Chase.
Chase currently offers 3 Ultimate Rewards cards with 5 point categories, Freedom, Ink Plus, and Ink Cash. The Ink Bold and Ink Classic also offer 5 points per dollar but they are no longer available for new applications. Chase has been generous with grandfathered cards though, I have an Ink Bold that still earns 1.675 points per dollar everywhere and a $100/year Presidential Plus card earning United elite qualifying miles that haven’t been available to new customers for years.
The Freedom card offers 5 points per dollar in rotating categories. Chase launched the Freedom Unlimited card earlier this year with a very generous 1.5 points per dollar everywhere. When it did so the rumor was that the Freedom card would be discontinued. That hasn’t happened, but rumors of its demise for new customers continue to persist.
Bloomberg broke the news today that Chase will soon launch the Ink Business Preferred card. It will offer 80K points for signing up and carry a $95 annual fee. The bigger news is its reward structure: 3 points per dollar on travel, telecom, shipping, and advertising on social media and search engines on up to $150K in annual spending.
Currently Ink Plus has a $95 annual fee and offers 5 points per dollar on $50,000 of annual spending on telecom, TV, internet, and office supply stores. It offers 2 points per dollar on $50,000 of annual spending on gas and hotels.
Ink Cash has no annual fee and offers 5 points per dollar on $25,000 of annual spending on telecom, TV, internet, and office supply stores. It offers 2 points per dollar on $25,000 of annual spending on gas and dining.
The 5x office supply bonus is quite lucrative when used to purchase gift cards for stores like Amazon or generic Visa gift cards, so I’m not surprised that Chase isn’t going to offer that on the new card.
Will the Ink Cash and Ink Plus cards be phased out with the Ink Business Preferred launch? Will their rewards structures be changed to match that of the Ink Business Preferred card?
There are strong rumors that the 5 point categories will no longer be offered to new customers. Let’s just say if you want to take advantage of 5 point per dollar cards that you may want to apply for those cards sooner rather than later. Just remember that 5/24 guidelines apply.