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All Time High – no brainer for Small Business Owners
5x bonus categories. No annual fee. Ability to convert into Ultimate Rewards. The Chase Ink Business Cash is a card I keep squarely in my wallet, and one you should highly consider acquiring with this all time high sign up bonus. It’s one of the best small business credit cards you can hold. For a limited time, Chase will offer a $500 sign up bonus after spending $3k in the first 3 months. Remember, even though this card earns cash back, if you hold any other Chase card that earns Ultimate Rewards ( Ink Business Preferred, Sapphire Preferred, Sapphire Reserve, etc), you can convert your cash back into UR. Let’s take a look at the Chase Ink Business Cash
Did you know that Korean Air is a partner of Chase Ultimate Rewards? Their chart prices r/t flights to Hawaii in Delta first class for just 45k points. Mega “suite” spot.
The Benefits
I’m going to explain everything as if you are converting in UR. That’s where I extract the most value ( off partner transfers) and it’ll just make it easier to explain and digest.
- 5x Bonus points at
- Office Supply stores
- Internet, Cable, and Phone Services
- capped at $25k
- 2x Bonus points at
- Gas Stations
- Restaurants
- capped at $25k
A lot of businesses hold special promotions for their employees and reward them with gift cards to their favorite restaurants, online retailers, or shopping centers. A great place to buy gift cards for these promotions are office supply stores. You’ll earn 5x points for your business. A win-win.
It’s also a no-brainer to put al of our Internet/Cable/Phone bills on this card. You can earn thousands of bonus points by paying with this card.
But I don’t have a small business, Miles. You may, and not know it. Keep reading.
Chase is very friendly to entrepreneurs and small business owners. In fact, if you haven’t been in business for long, or you haven’t established yourself with an EIN, you can still apply as a Sole Proprietor ( fill in your SSN ). If you run a small side business (think bloggers, ebay sellers, tutors, consultants, etc) and want a card to segregate your business income from your personal income at tax time…this is a great opportunity to earn a load of points and help yourself out.
Personally, I have two businesses that I run, one has an EIN, and one doesn’t. I still need to keep all of their records separate, and so I have cards for each business.
Is the Ink business cash restricted by 5/24
Yes. Every single card that earns Ultimate Rewards ( or cash back that can be converted into UR) is restricted by 5/24. However, Chase business cards don’t add to your number.
What are some other ideas can you do with 50k Ultimate Rewards?
3 nights at the Park Hyatt Saigon
Fly roundtrip trip twice from NYC to LAX redeeming Avios for coach on American.
Or…for 60k you could fly on BA First Class from Chicago to London
65k you could fly from the US to Europe on Star Untied using Singapore miles.
Can I get the ink cash if I’ve already got the ink business plus?
BTW… I’d like to see a Delta F seat for 45,000 to Hawaii. Good luck finding that.
Patrick – yep, it’s a different product so you would qualify. And it’s a touch route, but not impossible. Also…Korean has great rates when redeeming on Hawaiian too for just 60k roundtrip – lieflat with much better avail.
I’d love to have my wife apply for this one but am a bit hesitant after seeing reports about UR / Chase account freezes and shut downs despite her only being at 2 or 3/24. She’s around 830-850 but has 6 Chase cards including the Sapphire Preferred, which she just got a couple months ago and the Ink Preferred a few months before that. She also has an Ink Plus she’s had for a few years. Thinking she’d be in the clear but it would suck to run into a UR shut down.
We’re also aiming for her to snag the Southwest biz & personal cards around the end of the year to go for the companion pass for 19-20.
Any thoughts on her going for this sweet Ink cash card as well?
I think we’ve seen a shift, but there aren’t any true dps to derive what impacts decisions. I’d be risk off personally