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By: Matt Brown, 10xTravel Contributor
The Ink Business Cash Credit Card is a popular card for business owners that comes with a great welcome bonus. It provides great opportunities to earn tons of Chase Ultimate Rewards points thanks to some very useful bonus categories.
Let’s take a look at what you need to know about the Chase Ink Business Cash.
The Ink Business Cash Card currently offers a welcome signup bonus of $500 cash back after spending $3,000 in the first 3 months.
The great thing about this bonus is that the $500 actually comes in the form of 50,000 Chase Ultimate Rewards points. If you have the Chase Sapphire Preferred Card, Chase Sapphire Reserve or Chase Ink Business Preferred, you can combine your points.
Once combined under one of these cards, you can transfer your Ultimate Rewards points to airline and hotel partners. Your points will also be worth more in the Chase travel portal: 1.5 cents each with the Chase Sapphire Reserve and 1.25 cents with either the Chase Sapphire Preferred or Ink Preferred.
With the Ink Business Cash, you can take advantage of some great 5X and 2X bonus categories.
- 5X at office supply stores
- 5X on internet, cable and phone services
- 2X at gas stations
- 2X at restaurants
Both the 5X and 2X bonus categories each have a cap of $25,000 per cardmember year but that should be more than enough to earn some serious points.
You could potentially earn 175,000 Ultimate Rewards points each anniversary year that you hold the card thanks to these bonus categories.
One way to make the most out of the 5X opportunity at office supply stores such as Staples and Office Depot/Office Max is to use your Chase Ink Cash to purchase gift cards for retailers that you shop with regularly.
You can find gift card brands such as Amazon, Best Buy, Home Depot, Lowe’s and more.
Benefits of the Chase Ink Cash
The Ink Cash Card offers some great benefits including primary rental car collision damage waiver (CDW), extended warranty protection and purchase protection.
With the car rental collision damage waiver, you can decline the rental car company’s collision insurance if you pay for the entire rental on your Ink Cash Card. You can rely on coverage up to the actual cash value of the vehicle for theft and collision damage for most car rentals in the U.S. and other countries around the world.
Keep in mind that Chase specifies that the car rental must be for business purposes in order to have this coverage if paying with the Ink Cash. If you’re renting a car for personal reasons, use a card with similar coverage but for personal rentals such as the Chase Sapphire Preferred or Chase Sapphire Reserve .
If you make an eligible purchase with a warranty of less than 3 years, you will have extended warranty protection for an additional year if you make the purchase with the Ink Cash. Additionally, the Chase Ink Cash provides a great purchase protection benefit.
If you use the card to make a purchase, your new items are protected for up to 120 days against damage and theft up to $10,000 per claim ($50,000 per account).
How To Use Ultimate Rewards Points
While you’ll see the Ink Business Cash advertised as a cashback card, we at 10xT know better.
As we discussed above, if you have just one of three cards — Chase Sapphire Preferred, Chase Sapphire Reserve or Ink Preferred — then the points you earn with the Ink Cash will be fully functioning Ultimate Rewards points.
When you combine the points you earn with the Ink Cash under one of these premium Chase cards, you’ll be able to take advantage of Chase’s transfer partners:
If you have the Southwest Companion Pass, you can transfer Ultimate Rewards points to take even more trips with your designated companion. If international business class awards are more your style, you’ll have some great options thanks to United MileagePlus, Virgin Atlantic Flying Club and more.
You can also use these points in the Chase Travel Portal to book things such as flights, hotels, rental cars, etc. When combined with one of the premium Ultimate Rewards cards, you’ll get either 1.25 or 1.5 cents per point. This can be particularly useful for cheap economy flights — you might even find a rare business class deal.
If there’s a boutique hotel you really want to try but it’s out of your price range, this is a great way to have that experience without breaking the bank.
Is the Ink Cash Right For You?
Before you apply, we suggest taking a quick look at Chase’s application rules to ensure you’re eligible. If you’re new to the points and miles world, make sure you read up on the Chase 5/24 rule as well.
While we wouldn’t want you to run out and get this card first, it’s a great card to help you earn tons of Ultimate Rewards points. In fact, it’s one of the best cards you can pair with the Chase Sapphire Preferred, Chase Sapphire Reserve or Ink Preferred thanks to its 5X bonus categories.
From a boost your Ultimate Rewards points balance to great bonus categories, the Ink Cash can play a big role in your points-earning adventure. When you consider Chase’s airline and hotel partners, you really can’t have too many Ultimate Rewards points so why pass up an opportunity to get your hands on more?
Editor’s Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.