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Doctor of Credit posted a very interesting Rumor ( which looks to be a leak more than a rumor) that Chase will be unveiling a new business product called the Chase Ink Unlimited. You can click over to his link to view the image ( it’s his not mine) but essentially the card would be similar to the Chase Freedom Unlimited, but for small businesses. It looks to be released on May 20th, will offer a $500 cash back bonus ( that’s 50k Ultimate Rewards when internally transferred) after $3k spend, and earn 1.5 cents back on every purchase ( or 1.5 UR ). Like the Freedom Unlimited it would carry no annual fee, and like all Chase branded cards it would be restricted by 5/24.
Makes total sense to me
I have to say this isn’t a surprise at all, and what would be more surprising is if we didn’t learn of a Chase Ink Business Reserve debuting at some point this year or next. To have a personal and business line up that reflect one another only makes sense, and Chase has been very effective in utilizing Ultimate Rewards to penetrate a premium card market that once was Amex’s territory to rule. Once the card is officially released, I’ll have to do some assessing as to my business spending patterns and evaluate whether this card could potentially make more sense than an Ink Cash that I currently hold. I have two Ink Cash cardss, one for each of the two businesses that I run, so I could find beneficial application of each card.
Another rumor to consider
This news comes on the heels of another rumor that Chase may limit the ability to internally transfer points between accounts ( hence devaluing the points of cards less than the Reserve). This should be taken into some consideration, but with a grain of salt as there are no firm reports that it exists or will be implemented anytime soon, if your goal of holding one of the cash back cards is to effectively earn Ultimate Rewards instead of Cash Back. Which I’d certainly advocate is the better strategy.
How to use this to earn 2.25 cents back towards travel.
I personally don’t carry a Freedom Unlimited, but one of the uses that many people enjoy is pairing it with a Chase Reserve. This allows you to earn 1.5 points on every purchase, transfer to Reserve, and then redeem them for 1.5 cents through Chase Travel. This effectively means you’re getting 2.25 cents on every dollar you spend.
*Feature Image provided by Korean Airlines – One of the best uses of Chase Ultimate Rewards ( their first class) just 80k points from the U.S. to Asia
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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