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Today’s a good day for those with Chase Ink cards, as cardholders can now earn 8x-13x Ultimate Rewards points on Staples purchases for a limited time. Chase Ink Business Cash and Chase Ink Business Preferred cardholders are eligible for the elevated bonus through the Ultimate Rewards shopping portal.
Staples purchases code as an “office supply store” for the Ink Cash meaning you could receive 5x points on the purchase itself and then 8x points through the portal, which yields you a total of 13 Ultimate Rewards per dollar. According to TPG’s most recent valuations, UR points are worth 2.2 cents per point, meaning you can get nearly a 29% return on your purchases if you’re able to earn the 13x bonus. Those with an Ink Business Preferred would receive “just” 8x points when shopping through the portal.
Staples sells gift cards to many different merchants including Airbnb, Home Depot, Target and Whole Foods so using an Ink Cash card is a great way to rack up significant sums of points. The Ultimate Rewards shopping portal says that “third-party gift card” purchases from Staples are not eligible for the 8x bonus, although there are reports of readers receiving shopping portal bonus points on these purchases.
Right now the Ink Business Cash Credit Card is offering a $500 bonus (or 50,000 Ultimate Rewards points if you’re a Sapphire cardholder) after spending $3,000 within the first three months of account opening. The Ink Business Preferred is offering 80,000 points after spending $5,000 in the first three months.
Even if you’re not going to be shopping at Staples anytime soon, make sure you check out our weekly list of elevated shopping portal bonuses.
Featured image courtesy of Shutterstock.
Increased Offer - $500 Cash Back Bonus! 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, plus 2% back on the first $25,000 spent in combined purchases at gas stations and restaurants each calendar year. Plus, you’ll earn an uncapped 1% cash back on everything else.
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Named "Best Rewards Card for Small Business Owners" by Kiplinger's Personal Finance, July 2017
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone 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