Chase is adding “Pay Yourself Back” categories to their premium Ink business cards starting on 10/1.
That includes the $95/year Ink Business Preferred® Credit Card Card and the $95/year discontinued Ink Plus Card.
According to numerous data points, Chase recently started approving Ink card applications after a COVID-19 hiatus and adding this program to Ink cards is another great sign that Chase will continue to improve their business card portfolio. Here’s hoping that we’ll see a business version of Sapphire Reserve!
The program is not available on no fee Ink cards like Ink Cash, Ink Unlimited, or the discontinued Ink Classic Card.
Categories will be different than on the Sapphire consumer cards.
You will be able to pay yourself back for shipping expenses and online advertising with social media sites or search engines at a rate of 1.25 cents per point.
Chase says that those categories and value will last at least through the end of 2020.
The Ink Business Preferred® Credit Card always earns 3 points per dollar on $150K in annual spending in those categories, as well as travel, internet, and telecom.
Through 10/31, you can earn 5 points per dollar on up to $10K in shipping expenses and online advertising with social media sites or search engines with Ink Business Preferred® Credit Card or Ink Plus.
A great feature of the program is that you keep the original points that the purchase earned, even though you paid yourself back for the purchase. That means your points will be worth more than 1.25 cents each!
- For example
- If you spend $300 on online advertising or shipping by 10/31, you can use 24,000 points to offset that purchase and make it free. Plus, you’ll still earn the 1,500 points for spending, so you effectively used 22,500 points to offset the purchase. That means your points were worth 1.33 cents each!
- If you spend $300 on online advertising or shipping after 10/31, you can use 24,000 points to offset that purchase and make it free. Plus, you’ll still earn the 900 points for spending, so you effectively used 23,100 points to offset the purchase. That means your points were worth 1.3 cents each!
- You can earn 100,000 signup bonus points with the Ink Business Preferred® Credit Card Card.
Will you take advantage of Pay Yourself Back on your Ink card?
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6 Comments On "Chase Adds “Pay Yourself Back” Program To Premium Ink Business Cards, Plus Earn 5x Bonus Points"
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Is there a list of eligible “advertising” options?
If I’ve earned 3 points in the past, can I assume I’ll get the extra 2 points and be able to pay myself back?
For example, ads in Jewish print media
No.
I would assume that it will parallel the 3 point (currently 5 point) categories for advertising/shipping. Try a small charge if you just want to find out?
Please post your data points here for what work for you!
Will do. When will the pay yourself back start?
10/1, but you’ll be able to redeem for charges made for 90 before then.
I just tried applying for my mother for the Ink Unlimited, and she was denied. Calling recon, they told us that it’s due to COVID that they don’t accept any new applications. Any advice?
BTW this is a great card for an amazon seller to use for amazon advertising.
It earns 3 points (now 5!!) per dollar.