Not long after increasing the welcome bonus for their Chase Sapphire Reserve® premium personal credit card to 80,000 points on October 16, 2022 (now currently at 60,000), Chase has once again decided to sweeten the deals for two of its business credit cards as well. They’re now offering welcome bonuses of 90,000 points for the Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card after you spend $6,000 in the first 3 months after opening the account.

Since Chase Ultimate Rewards points are worth at least 1 cents apiece when redeemed through the Chase Ultimate Rewards portal, these deals are worth a whopping $900 minimum. However, if you combine these with a Chase Sapphire Reserve, you can boost the value of your points to 1.5 cents apiece, which would essentially make the value of this welcome bonus $1,350 per card.

Considering that neither of these business cards has an annual fee, there’s really no reason not to add one of them to your wallet, especially considering that Chase business cards don’t count toward your 5/24 rule limit. Remember, you can get each of these cards, but you can only get one Chase business card every 30 days.

Let’s take a look at both of these business cards, their benefits, which one is the better choice for your business, how you can increase their value by combining them with another Chase credit card, and the best ways to redeem Chase Ultimate Rewards points.

Spending Bonuses and Other Benefits

The Ink Cash card and the Ink Unlimited card are nearly identical apart from their spending bonus structures. Which of these cards is better for you is going to depend on what your business expenses look like. Here is a full breakdown of the spending bonuses and other perks offered with both business cards.

Ink Business CashInk Business Unlimited
Annual fee$0$0
Spending bonuses• 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.
• 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
• Unlimited 1% cash back on all other purchases.
• Unlimited 1.5% cash back on every purchase made for your business.
Other benefits• Employee cards at no additional cost
• Rental car insurance, purchase protection, fraud protection, extended warranty coverage and account alerts
• Employee cards at no additional cost
• Rental car insurance, purchase protection, fraud protection, extended warranty coverage and account alerts

As you can see, the Ink Unlimited card offers the benefit of simplicity; however, the Ink Cash card offers the opportunity to earn more rewards in the form of cash back for most small business owners.

business credit cards

Ink Business Cash vs. Ink Business Unlimited

For most business owners, the Ink Business Cash card is going to be the better choice of the two. Its spending bonus structure will typically lead to you earning far more cash back on office supply stores, internet, cable and phone services, restaurants and gas stations each year. However, there could be some exceptions to this based on what your business expenses are.

For instance, let’s say that your business spends $180,000 on office supply stores every year. With the Ink Cash card, you would earn $2,800 cash back whereas, with the Ink Unlimited Card, you would earn $2,700. In this case, the Ink Cash card would probably be the better option for your business. However, let’s say that, instead, you spent $220,000 on office supply stores every year. In this case, with the Ink Cash card, you would earn $3,200 cash back whereas, with the Ink Unlimited card, you would earn $3,300. In this case, you’d probably want to go with the Ink Unlimited card.

While this is a bit of an extreme example and most companies probably don’t spend that much at office supply stores, it’s worth doing these kinds of calculations before deciding which of these two business cards to sign up for.

Alternatively, the Ink Unlimited card may be a better option for businesses in which the majority of expenses fall outside of office supply stores, internet, cable and phone services, restaurants and gas stations. For instance, if you run a plumbing business, the majority of your expenses would probably be at hardware stores. In that case, the Ink Unlimited card would offer 1.5% cash back at hardware stores whereas the Ink Cash card would only offer 1% cash back.

So, on the whole, the Ink Cash card will probably be a better offer for most business. However, it’s worth looking at your business’s expenses and calculating how much cash back you stand to each card before making a decision.

Boosting the Value of Your Points With Other Chase Credit Cards

When used on their own, both the Ink Cash and Ink Unlimited card offers cash back rewards in the form of statement credits or direct deposit to a checking or savings account. You can also redeem your points through the Chase Ultimate Rewards portal for travel and gift cards at a value of 1 cent per point or for Amazon purchases at a value of 0.8 cents per point.

However, there is a far better way to get more out of your points than the redemption methods mentioned above. By simply adding another credit card to your wallet, you can boost the value of the points you earn with either the Ink Cash or Ink Unlimited card by up to 50%.

If you have either the Ink Business Preferred® Credit Card or the Chase Sapphire Preferred® Card, any points that you have in your Chase account will get a 25% value boost when redeemed for travel through the Chase Ultimate Rewards portal. If you have the Chase Sapphire Reserve® card, your points will get a 50% value boost when redeemed for travel through the Chase Ultimate Rewards portal.

So, by combining your Ink Cash or Ink Unlimited card with one of these three other cards and using your points to purchase travel through the Chase Ultimate Rewards portal, you can significantly increase the value of your points.

With the Ink Cash or Ink Unlimited card alone, the new welcome bonuses of 90,000 points would be worth around $900. However, if you combine them with the $550-annual-fee Chase Sapphire Reserve card, those 90,000 points would be worth at least $1,350. On top of that, any points that you earn in the future with either the Ink Cash or the Ink Unlimited card would also benefit from the 50% value boost that comes with the Sapphire Reserve card when you move the points onto your Sapphire Reserve.

On top of getting a value boost through the Chase Ultimate Rewards, having one of the three aforementioned credit cards will also give you the option to transfer your points to one of Chase’s travel partners, a feature that’s not available with the Ink Cash or Ink Unlimited card alone.

hotel transfer partners

The Best Ways to Redeem Chase Ultimate Rewards Points

Assuming that you’ve coupled your Ink Cash or Ink Unlimited card with one of the annual-fee-carrying cards mentioned above. You’ll get a boost in the value of all of your Chase Ultimate Rewards points and gain access to Chase’s full list of transfer partners.

However, certain redemptions offer more value than others and it’s important to know where you can get the most benefit out of your Chase points. When used the right way, though, chase Ultimate Rewards points are one of the most valuable rewards currencies out there. Here are some of the sweet spots among Chase’s redemption options:

Hotel and Airline Transfer Partners

One of the highest-value ways to redeem Chase Ultimate Rewards points is to transfer them to one of Chase’s 14 hotel and travel partners (which you can do if you have the Sapphire Preferred, Sapphire Reserve card or Ink Preferred card). All of Chase’s travel partners have a transfer ratio of 1:1.

Here’s the full list of Chase’s transfer partners:

Aer Lingus AerClubJetBlue TrueBlue
Air Canada AeroplanMarriott Bonvoy
Air France-KLM Flying BlueSingapore Airlines KrisFlyer
British Airways Executive ClubSouthwest Airlines Rapid Rewards
Emirates SkywardsUnited MileagePlus
Iberia PlusVirgin Atlantic Flying Club
IHG Rewards ClubWorld of Hyatt

World of Hyatt, in particular, offers some incredible value for Sapphire cardholders. Standard award nights can cost between just 5,000 and 40,000 points. Additionally, you can book a night at a luxury resort (such as the Park Hyatt Maldives or Park Hyatt Sydney) for as little as 25,000 points. Cash rates for a stay at either of these locations are usually around $1,000 or more.

In terms of airlines, there’s a variety of airlines offering great redemption opportunities such as Virgin Atlantic, United Airlines and British Airways.

Virgin Atlantic Airways

Virgin Atlantic Airways

Book Travel Through Chase Ultimate Rewards Portal

When you book travel through the Chase Ultimate Rewards portal, your points are worth 1.25 cents each with the Chase Sapphire Preferred or Ink Business Preferred® Credit Card and worth 1.5 cents each with the Chase Sapphire Reserve.

That means that you can book a $750 flight through Chase Ultimate Rewards for 50,000 points if you have the Sapphire Reserve card or 60,000 points if you have the Sapphire Preferred card or Ink Preferred card.

And, while you can probably find higher-value redemptions by transferring to one of Chase’s travel partners, using the Chase Ultimate Rewards portal to book travel is a simple and easy way to get solid value out of your points.

airline transfer partners

Pay Yourself Back

Using Chase’s Pay Yourself Back feature, you can use your points as statement credits to cover already-made purchases in select spending categories. The best part is that you still benefit from the 25% or 50% value boost that you get with the Sapphire cards or Ink Preferred card.

For instance, you can use 50,000 points to cover $750 of purchases if you have the Sapphire Reserve card. If you have the Sapphire Preferred or Ink Preferred card, you would need to use 60,000 points to cover that same $750. If you only have the Ink Cash or Ink Unlimited card, your would need 75,000 points to cover $750 worth of purchases.

Chase has announced that it will honor these card-specific value boosts with the Pay Yourself Back feature through the end of 2022. However, it remains to be seen if they will extend it beyond then.

For now, using Pay Yourself Back is a very practical way to spend your Ultimate Rewards points.

The Bottom Line

Considering that neither the Ink Cash card nor the Ink Unlimited card charges an annual fee, there’s really no reason for small business owners not to sign up for one of these cards and earn the new and improved 90,000-point welcome bonus.

And, while Chase loyalists may be worried about the 5/24 rule (which prevents you from getting approved for a new Chase card if you’ve opened 5 or more personal credit cards in the last 24 months), opening Chase business credit cards doesn’t count toward your 5/24 limit. The only caveat is that you can only get one Chase business card every 30 days.

For most business owners, the Ink Cash card is going to offer better bonuses on spending; however, it’s definitely worth looking at your expenses and calculating which of these cards would give you more rewards.

On top of that, to really maximize the value of the points you earn with either the Ink Cash or Ink Unlimited card, you should have either the Chase Sapphire Preferred, Chase Sapphire Reserve or Ink Business Preferred card in your wallet as well. These cards will give you either a 25% or a 50% boost in the value of your points when redeemed through the Chase Ultimate Rewards portal for travel.