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UPDATE: THE RUMOR IS TRUE – Check out our review
Who doesn’t love a good, juicy rumor? Especially one that involves earning loads of highly valuable points 🙂 The latest rumor, via Reddit, is that Chase will be increasing its public offer on the Ink Business Cash card to $500 in “the next few weeks.” $500 equals 50k Ultimate Rewards if you carry any Chase premium card that you can transfer into – this would be an all time high for the card. This bonus is something that has been reserved for clients with a Chase Business Relationship Manager ( if you have one you can get 100k on the Chase Ink Business Preferred as well).
I’m currently under 5/24. I’d certainly sign up for an Ink Business Cash if it his 50k. While you need to be under 5/24 to get the card, it doesn’t add onto your 5/24 after you’ve been approved. I don’t have a BRM and I’m not going to jump through hoops trying to get paper apps approved so I’d definitely be a buyer at 50k.
The rumor is a few weeks. I’m gonna give it another 6 weeks to see what happens. I was going to pick up an Aspire, but that would stick me back over 5/24, but within 6 weeks I have an additional card dropping off so I’ll be pumping the brakes to see if the rumor proves true.
What’s the current offer? Perks of Ink Cash
Personally I think the Ink Cash is a no brainer to carry. 5x points on certain categories is outstanding, and there’s no fee. Stick your cable bill, internet, and any office supply purchases on it and set it to auto pay…you’re racking up points on purchases you’d already make.
What can you do with 50k Ultimate Rewards?
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
♥5x on travel purchased via Chase Travel and 2x everywhere else (beginning 8/16/21)
♥3x on dining, including eligible delivery services, takeout and dining out (previously 2x – beginning 8/16/21)
♥3x on select streaming (beginning 8/16/21)
♥ 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs -(beginning 8/16/21)
♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary (beginning 8/16/21)
♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points. (beginning 8/16/21)