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Update: Some offers mentioned below are no longer available. View the current offers here – Ink Cash Business Card
Sign-up offers on credit cards are a great way to boost your account balances and unlock a variety of valuable redemptions. Today Chase announced two increased offers on a pair of very popular cards: the Ink Plus Business Card and the Ink Cash Business Card. Here are the details:
- Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
- Earn 5X points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
- Earn 2X points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.
- Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn
- No foreign transaction fees
- Chip-enabled for enhanced security at home and abroad when used at a chip card reader
- Employee cards at no additional cost
- $95 Annual Fee
The sign-up bonus alone is worth $1,260 based on TPG’s most recent valuations, and the category bonuses can be very lucrative throughout the year. With the program’s diverse travel partners, there are many ways to redeem your Ultimate Rewards points for maximum value. TPG Contributor Eric Rosen recently flew Lufthansa first class in part from transferring points to United, one of several ways to fly first class using Ultimate Rewards points.
The big difference between this offer and the standard offer on the card is the fact that the annual fee isn’t waived for the first year. The trade off, though, is that you’ll earn an extra 10,000 Ultimate Rewards points. Since that essentially equates to buying Ultimate Rewards points for less than a cent apiece, this is a very appealing offer.
- Earn $300 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Named “Best for Rewards for Small Business” MONEY® Magazine, October 2014
- Earn 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 each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- Earn 1% cash back on all other card purchases with no limit to the amount you can earn
- 0% introductory APR for 12 months on purchases and balance transfers
- Employee cards at no additional cost
- No Annual Fee
If you want to avoid an annual fee, the Ink Cash could be a good option. Even though it appears to be a simple cash-back card on the surface (like the Chase Freedom), you can actually convert the earnings on it to more valuable (and flexible) Ultimate Rewards points if you have a premium card like the Ink Plus or Chase Sapphire Preferred Card. For more information on how to do this, be sure to check out Jason Steele’s post on Why Chase Freedom Isn’t Just Another Cash Back Card.
Applying for a Business Card
Even though these are both marketed as business credit cards, you don’t need to have a formal business with an EIN number in order to apply for them. For those of you who have small businesses, instead of applying with a Tax Identification Number you can enter your social security number in the box and indicate that that you are a sole proprietor.
There are several key differences between personal and business credit cards, including different category bonuses and lucrative sign-up offers. Be sure to check out TPG’s top 10 reasons to get a business credit card for more details.
My wife and I have had the Ink Plus for years and love them. If you’ve been eyeing one of these cards, now’s a great time to apply! For more information on them, check out the following posts:
- A Year of Earning and Burning with Chase Ink Plus
10 Chase Ink Benefits You Might Not Know About
- Ranking the Ultimate Rewards Transfer Partners
- Maximizing the 5x Spending Bonus on Retail Gift Cards
- Why I Love Chase Ultimate Rewards
Ink Plus® Business Credit Card
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||15.49%-19.49% Variable||$95||0%||Excellent Credit|