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Clarifying the Ink Cash upgrade to Ultimate Rewards on January 29th.
There have been quite a few articles written regarding the Chase Ink Cash upgrade to Ultimate Rewards on January 29th. There has also been some confusion as to what that means, who is affected, and I thought it’d be helpful to set the record straight. I received the following email from a spokesperson from Chase to help out readers who may have questions regarding the upgrade:
I wanted to give a heads up that this weekend on January 29, Ink Cash® customers will be automatically upgraded to Chase Ultimate Rewards. This is great news for Ink Cash customers as they will begin earning Ultimate Rewards points, along with other improved changes, such as enhanced redemption options.
Please note, Chase Ink currently has two cash back cards in its portfolio – a card that is no longer actively marketed called Ink Cash® and another that is currently marketed called Ink Business CashSM. Each card has its own unique set of benefits.
The changes occurring are specific to customers that have the no longer marketed Ink Cash card. There are no changes to the currently marketed Ink Business Cash card which offers 5% Cash Back on the first $25,000 spent in combined purchases on phone, internet and cable TV services and at office supply stores 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 and 1% Cash Back on all other purchases.
So no changes to the Ink Business Cash
- The way Ink Cash earns rewards will not change.
- The new points will be similar to the Ink Business Cash
Just to clarify the difference between Ink Cash/ Ink Business Cash Ultimate Rewards and the Ultimate Rewards earned by Premium cards like the Sapphire Reserve, Sapphire Preferred, Ink Business Preferred, and the no longer available Plus and Bold, I’ve screen capped a couple images:
Ink Cash Ultimate Rewards will look like this:
They have limited redemptions and do NOT allow transfers to travel partners
Vs. Premium Ultimate rewards will look like this: Notably you CAN transfer to partners with these.
If you carry a Premium card that allows transfer to travel partners alongside a card that does not, you can transfer your points from one account to another to facilitate the transfer you’d like to make. Here’s a quick tutorial…
In the upper right hand side you’ll see your balance. Move your cursor over your account balance to see the following drop down menu. FYI, I was logged into my Ink Business Cash card…
I clicked on Combine Points…
I can then move points from my Freedom or Ink Business Cash into my Sapphire Preferred and use the points for travel partners…like Singapore Airlines
Hope this clarifies any questions
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