Using the Chase Ink Business Cash credit card for 7.5% or more off of just about anything
The Chase Ink Business Cash Credit Card
The Chase Ink Business Cash credit card gets a bit less discussion than its sister cards, the Chase Ink Business Preferred and the Chase Ink Business Unlimited. The Chase Ink Business Preferred has the biggest bonus (currently 80,000 points when you spend $5,000 in 3 months) as well as included cell phone insurance and the Chase Ink Business Unlimited is the “easiest” Ink card, earning a flat 1.5x Ultimate Rewards on everything uncapped with a $500 (convertible to 50,000 Ultimate Rewards points) bonus when you spend $3,000 in 3 months.
But the Chase Ink Business Cash is a hidden gem.
It also offers a $500 (convertible to 50,000 Ultimate Rewards points) bonus when you spend $3,000 in 3 months and the points earned, like the others, can be freely moved to your other Chase Ultimate rewards cards. If you have a Chase Sapphire Reserve, which allows you to spend in the travel portal at a value of 1.5 cents per point, you can freely transfer points from the Ink Unlimited and Ink Cash there.
What Makes the Chase Ink Business Cash Credit Card So Valuable?
Office Supply stores are generally chock full of gift cards for almost any chain you may shop at. My favorite shopping hack is to use my Ink Cash card to buy Amazon Gift Cards and load those to my Amazon.com account for future use (for all except electronics, which I’ll still use an American Express card for their amazing purchase protection). Of course, any other business supplies you need at office supply stores and on internet, cable and phone services each year – which all earn the 5x points – are great too.
You’ll also earn get 2x Ultimate Rewards points on the first $25,000 spent (combined) at gas stations and restaurants each account anniversary year.
As long as you have a Chase Sapphire Reserve to transfer your points to, buying gift cards works out as follows:
Purchase up to $25,000 a year of gift cards and earn 5x Ultimate Rewards on them. Transfer to your linked Chase Sapphire Reserve card. Redeem for 1.5x per point in the travel portal (5x X 1.5x = 7.5% yield) or get even higher yields when you strategically transfer to Chase Ultimate Rewards travel partners like Hyatt.
If you don’t have a Chase Sapphire Reserve but you do have a Chase Sapphire Preferred or Chase Ink Business Preferred, those will get you 1.25 cents in the travel portal for a minimum cash back yield of 6.25%.
Those gas and dining purchases will then also yield a minimum of 3% with a linked Reserve or 2.5% with a linked Preferred.
Do You Need a Conventional Business to Apply?
You may be surprised. Of course, if you have a conventional small business you are eligible for his card. But any sort of side business / side hustle also makes you eligible. If you’re not sure, read this post about qualifying for a business credit card for more information.
Learn more abut the Chase Ink Business Cash credit card.