Rumor: Changes Coming To The Lucrative Chase Ink Card Offers

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I received notice that the no-annual fee Chase Ink Business Cash Card and the Chase Ink Business Unlimited Card will have their offers refreshed tomorrow. 

Chaikel and DoC point to rumors that the cards will lose their signup offer of 0% intro APR on purchases and balance transfers for the first 12 months that the card is open. It’s not surprising to see that offer go away in an era of rising interest rates.

It’s a lucrative offer as carrying balances on consumer cards can have a very harmful effect on your credit score, but because the Ink cards are business cards, those balances won’t hurt your credit score.

Both cards currently offer their highest ever signup bonuses that are practically unheard of on no annual fee cards. It’s unknown if the signup bonus offer will be changing. Previously the Ink Cash signup bonus was $200-$300 in the form of 20K-30K Chase Ultimate Rewards points.

  • The Chase Ink Business Cash Card is currently offering $500 in the form of 50,000 Chase Ultimate Rewards points after spending $3,000 within 3 months.
    • This is an excellent card for people willing to spend the time to make purchases in the bonus categories offered on this card. You’ll earn 5 points per dollar spent at office supply stores and on internet, cable, and cell phone bills on up to $25k/year. It also earn 2 points per dollar on at gas stations and restaurants on up to $25k/year. Office supply stores sell gift cards for hundreds of other stores, from Amazon to Uber to Visa gift cards that can be used anywhere, so you can rack up the points by shifting your spending to these gift cards.
    • Pair this card with a Chase Sapphire Reserve Card and you’ll be earning a minimum of 7.5% back via gift cards bought from office supply stores or on any other spending at office supply stores and on internet, cable, and cell phone bills as the Sapphire Reserve allows you to redeem your points at a minimum value of 1.5 cents each. Transfer your points into miles and redeem them at a value of 2 cents each to effectively earn 10% back on the 5 point categories.
  • The Chase Ink Business Unlimited Card is currently offering $500 in the form of 50,000 Chase Ultimate Rewards points after spending $3,000 within 3 months.
    • This is an excellent card for anyone trying to maximize their everyday spending. It fulfills the same function as the Chase Freedom Unlimited card by earning 1.5% back everywhere in the form of 1.5 Chase Ultimate Rewards points per dollar everywhere. As the Ink Unlimited is a business card, you won’t hurt your credit score with your spending and it offers a higher signup bonus than Freedom Unlimited.
    • Pair this card with a Chase Sapphire Reserve Card and you’ll be earning a minimum of 2.25% back everywhere as the Sapphire Reserve allows you to redeem your points at a minimum value of 1.5 cents each. Transfer your points into miles and redeem them at a value of 2 cents each to earn 3% back everywhere.
  • The Ink Cash and Ink Unlimited signup bonuses are marketed as $500, but it will actually come in the form of 50,000 points which are worth $750-$1,000 when points are transferred into miles with the help of someone in your household having a Chase Sapphire Preferred, Chase Sapphire Reserve, or Chase Ink Business Preferred.

Spending categories

  • The Chase Ink Cash card is part of my Chase Quinfecta and is highly recommended for anyone trying to maximize their spending.It earns a whopping 5 points per dollar at office supply stores and on internet, cable, and cell phone bills on up to $25k/year. It also earn 2 points per dollar on at gas stations and restaurants on up to $25k/year. You can earn the bonus points on up to $25K in annual spending on the 5 point categories and up to $25K in annual spending on the 2 point categories. Again, these categories are advertised as 5% cash back and 2% cash back, but you will actually get 5 or 2 Chase Ultimate Rewards points per dollar spent in those categories.You can even earn 5 points per dollar for cell phones that are charged on your bill or bought from sites like Samsung.
  • You can earn 5 points per dollar for hundreds of other stores by buying gift cards at office supply stores like Office Depot/Max and Staples. If you shop at Amazon, Airbnb, Bed Bath & Beyond, Bloomingdale’s, BP, Cabela’s, Delta, DisneyLand/DisneyWorld, eBay, Express, Gap, Google Play, Groupon, Home Depot, iTunes, JCrew, Kohl’s, Lands End, LLBean, Lowe’s, Macy’s, Marshalls, Nike, Nordstrom, Safeway, Sears, Shell, Southwest, Starbucks, StubHub, Target, TJMaxx, Uber, Whole Foods, and much more, you can be earning 5 points per dollar by buying their gift cards at office supply stores on an Ink Cash card. Some gift cards are available online and many more are available in store. Office Depot/Max and Staples often run promotions to save even more on Visa gift cards.
  • Your local school or charity will be more than happy to accept donations of Amazon gift cards for supplies or any other useful gift cards for chinese auctions, raffles, fundraisers, etc. They will give you a tax deductible receipt for the full face value-the price you paid for the gift cards. And at the same time you’ll earn 5 points per dollar. So while doing good you can still get a nice chunk of points and you’ll save on your taxes!
  • The Chase Ink Unlimited card is also a critical part of my Chase Quinfecta and is highly recommended for anyone trying to maximize their spending. It fulfills the same function as the  Chase Freedom Unlimited card by earning 50% bonus points, or 1.5% cash back or 1.5 points per dollar everywhere.

Business card information, benefits, signup rules, and 5/24

These are business cards, but you may already have a business that needs a card to keep track of expenses. For example if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures you can open a business credit card for “Joe Smith” as the business. You don’t need to file any messy government paperwork to be allowed to do that. Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field.

It’s important to just write your own name as the business name if you are just applying for your own small business as a Sole Proprietorship that doesn’t have any business paperwork.

If you’re like me and you run more than one business, you can signup for multiple of the same card for each business to manage each businesses expenses separately.

You can receive a signup bonus on each type of Ink card once every 24 months for each business that you manage.

All Chase cards appear to be subject to 5/24 restrictions. That means it will be hard to get approved if you have been approved for 5 or more consumer credit cards in the past 24 months. Read more about that here. 

However, it’s important to note that business cards from most banks, including Chase business cards, do not get added to your 5/24 count of recently opened cards. That’s because business cards from most banks don’t show up on your personal credit report and the 5/24 count is based off of your personal credit report. That means that applying for these cards won’t “hurt” your 5/24 count.

Another benefit of the card not reporting on your personal credit report is that when you spend money on personal cards your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card bill before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally it’s good to have the statement close with a couple dollars to show the card is active and being paid every month. On an business cards from banks like AMEX and Chase it’s just not reported, so you can wait until the money is due without it having a negative effect on your score. That also means if you close the card, it won’t have an effect on your credit score.

That makes the 0% APR on a business card a very strong offer.

Read more about Chase Ink cards here.

Will you be signing up for an Ink Cash or Ink Unlimited card?

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99 Comments On "Rumor: Changes Coming To The Lucrative Chase Ink Card Offers"

All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.

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Mr g

I had sapphire preferred (got points) few years later got sapphire reserve (100K points) does it make sense to get an Ink card now for just the points and continue issuing the reserve only?

Eli

I opened up the Biz Ink Unlimited last year and got the sign up bonus, if i apply for a different Biz of mine will i get the sign up bonus again?

Gd

Will there be a change to the annual fee too?

Gd

And can I downgrade from a preferred to cash or only unlimited?

4yourinfo

Anyone buy their shipping labels through ebay with a chase card? Does it categorize as shipping? Chase offers 3% on shipping with their business card not willing to test it with a 95 dollar fee…

Elaine

Yes, I had to open a separate Paypal account and link the Ink card, but I have been happily getting 3x points per $ for the past 9 months. The $95 fee is more than covered by the sign up bonus (at least for the first year).

Eliraps

If i use hertz / avis points to book a car rental, and use the ink / saphire card to pay taxes and fees, will i be convered for rental insurance?

Not sure of thats possible

I used my chase ink recently to rent a car and there were no added fees that I can recall. It was all covered by my points.

reb yid

how many ink cards do you have between you and your wife and do you max out the 50k in supply spending every year? or have you got cautious because of waves of chase shutdowns

JV

My wife and I have 3 ink each (all 3 varieties). I do not MS so office supply spending on GC is not advantageous for me. I just buy regular stuff we need from there for the bonus category.

bracha

whats the pattern of staples gift card promos? once a month?

Eli

Hi those not paying on time or defaulting on a chase ink credit card hurt your personal credit ?

Yitz

@dan I have only a chase business unlimited and I wanna transfer the points to a airline
Can I just change my card to the business prefered to convert my cashback to points ?

jb

Im Confused.. Dan, you wrote ” The Chase Ink Business Cash Card is currently offering $500 in the form of 50,000 Chase Ultimate Rewards points after spending $3,000 within 3 months.” The chase website says:

“Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening”

So am i getting ultimate reward points or cash back? rather have points

jb

Opening a new business b’h in the next month…Probaly spend about 15-20k in start up costs so wanted to put it on a 0% apr cc..Question is, do i chase card and have rewards but only 12 month of 0% or do on a nother card with no rewards but have 18 months 0%..dbt think ill have problems paying it back but 6 months is always a nice extra cushion in case not sure what to do

Abe

Thanks Dan for everything you do!!!

A couple of weeks ago, I applied for a Business Mileageplus Explorer. After recon, I was approved a couple of days ago. I’m at 3/24 if you assume that (a) the Mileageplus card doesn’t count towards 5/24, and (b) an Ink Business Unlimited I was rejected for last year doesn’t count either.

I have another LLC that needs a card. Will I have an issue signing up for one of these now, just 2 weeks after applying for the Mileageplus Explorer?

J

Hi I want to apply for the ink unlimited. And i Have 2 business on business 1) I have the ink Preferred. Business 2) I have no Chase cards. What’s your suggestions which business would I have more chances to get approved?

thanks1

Dan- is it still true that “Business cards from Capital One and Discover do show up on your report and will affect 5/24”

anonymous

any chase biz cards that still aren’t affected by 5/24?

Dan Fan

“You can receive a signup bonus on each type of Ink card once every 24 months for each business that you manage.”

So can I get multiple signup bonuses one for each corp that own?

HY

What is the point of a Business Unlimited if I have the freedom Unlimited?

Mo2

I got the ink unlimited even though I have the freedom unlimited simply for the 12 month promo 0% APR and the 50k signup bonus.
For regular spending there’s no real difference other than perhaps not wanting the credit utilization reported on your credit report.

meyer litzman

Is there still an ink card out there that gets 5% back on office supplies with a 50k cap?

Stan

Can I receive the sign up bonus if spending $6k in 1st month but carry that balance for the 12mo 0% APR. In other words, does the spend need to be paid off to receive the sign up bonus (talking 50k pts on the ink cash ). thanks

jb


We have received your request for a Chase credit card. We’ll let you know our decision as soon as possible.

Thank you for choosing Chase.” surprised didnt go through instant?? wonder why

Mo2

I have 4 ink cards and was never approved instantly but was always automatically approved the next day even with out calling recon

Piyu

Can i apply for both Ink unlimited and ink preferred together for one business? or its harder to get approved for 2 business card together now?

Me

Applied for the Ink Cash and got approved (though I didn’t realize I couldn’t link the card to my regular Chase account and skipped those options for now), any reason to apply for a second one for my wife? Or should I just add her on to mine as an additional/employee user?

Thanks!

Mark

I just applied via your link for he chase cash card – thank you!
The application said pending review. So I called and they had questions which I answered. First rep recommended the application for approval but said it has to go for higher second level approval. So I huca’d And they said nothing I can do but wait the week or two for the second review in the mail.
Should I keep huca’ing?

MEYER LITZMAN

i still see the offer when i click on your link. is it possible its still available?

Naftali

Will there be a change to the ink preferred?

ckmk47

The Ink Preferred is now 80.000 bonus for $5000 spending.

robert

“You can receive a signup bonus on each type of Ink card once every 24 months for each business that you manage” Doesn’t say once every 24 months in offer terms. Is it possible to get it twice for same biz within 24?

tinytavosa

I noticed this long ago and have been supriesed no one she checked into it… There is absolutely no 24 month language.

2nd card same business

Got approved today for the Chase Business Unlimited. I would like to try for the chase business cash as well. Both will be as sole proprietorship. Do I have a chance ?

shloime

Both cards seem alive

wpDiscuz