A Test: Chase Ink Cash Business Credit Card

Chase Ink Cash: 50K points after $3K Spend in 3 Months ----> Click Here

Overview | App Tips | Rewards | Perks | Keep or Cancel?


Overview

Overview | App Tips | Rewards | Perks | Keep or Cancel?

The Ink Cash is one of my favorite cards. It has no annual fee, and it earns valuable Chase Ultimate Rewards points with amazing category bonuses:

  • 5X Ultimate Rewards points for office supply purchases, phone, TV, and internet
    (5X rewards are for up to $25,000 spend per cardmember year)
  • 2X Ultimate Rewards points for gas and restaurants

5X rewards for phone, TV, and internet is enough on its own to make this card worth having. The 5X office supply category, though, is where things get really interesting. Office supply stores such as Staples, Office Depot, and OfficeMax sell gift cards to other merchants, as well as bank gift cards. By purchasing gift cards from these stores, you can earn 5X rewards in far more categories of spend.

Ultimate Rewards points can be redeemed for cash or merchandise for 1 cent per point value. Or, points can be moved to a premium card such as the Ink Business Preferred, Sapphire Preferred, or Sapphire Reserve for even more value:

  • Purchase Travel through the Chase Ultimate Rewards travel site after moving points to the Ink Business Preferred or Sapphire Preferred card (1.25 cents per point value)
  • Purchase Travel after moving points to the Chase Sapphire Reserve card (1.5 cents per point value)
  • Transfer to a variety of airline and hotel programs (per point value varies from very low to extremely high when points are used this way)
Chase Ink Cash: 50K points after $3K Spend in 3 Months ----> Click Here

Related Cards

All of the following cards earn Ultimate Rewards points. Those marked with an asterisk are premium cards that allow points to be transferred to select airline and hotel loyalty programs. The others are advertised as cash back cards, but they really earn Ultimate Rewards points. You can move those points to loyalty programs indirectly by moving them first to a premium card and then to an airline or hotel program:

* Premium card. Points can be transferred to select airline and hotel loyalty programs.

Application Tips

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Welcome Bonus

Chase Ink Cash: 50K points after $3K Spend in 3 Months ----> Click Here

Is this offer worth pursuing? In my opinion, yes! 50,000 points is the best offer we’ve ever seen for the Ink Cash card. And, given that these points can be moved to another Chase card to make them even more valuable, this is one of the best offers available for any card. Plus, since Chase doesn’t report business cards to the credit bureaus, signing up for this card will not increase your 5/24 count. See the 5/24 section below.

Are you eligible for this offer?

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  • You must have a business (Note that you may have a business without realizing it! See the section below titled “Applying for business cards“)
  • You must not have signed up for more than 1 Chase credit card in the past 30 days
  • You must have opened fewer than 5 credit cards, with any bank, in the past 24 months
    • Advanced: It is OK if you’ve opened more cards in the past 24 months as long as the extra ones do not show up on your credit report. See the 5/24 section below.

Other notes:

  • You can get this card and bonus again. Unlike most other Chase cards, Chase Ink bonuses do not have a restriction saying that you must wait 24 months after last receiving a bonus. You don’t even have to close this card before applying for a second one, but approval may be easier if you apply under a second business.
  • You can also get the Ink Business Preferred card. There are no rules against getting both cards.

What to do if your application is not instantly approved

Overview | App Tips | Rewards | Perks | Keep or Cancel?

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In general, the best option is to simply wait for a decision. If you can’t wait, there are two options:

  1. Call Chase’s automated line to get an application status update: (888) 338-2586
  2. Call Chase’s reconsideration line to ask for an immediate decision: 1-888-270-2127

What to do if your application is denied

Overview | App Tips | Rewards | Perks | Keep or Cancel?

Jump To: Overview | App Tips | Rewards | Perks | Keep or Cancel?

If your application is denied, there are two steps you can take:

  1. Call Chase’s reconsideration line to ask them to reconsider the decision: 1-888-270-2127. If you find that they denied you due to having opened 5 or more cards in the past 24 months, then make sure they are not counting any authorized user cards in your name. You may have to ask to talk to a supervisor to get this done.
  2. Ask your Chase banker in-branch to submit a special reconsideration form for you. Details about this form can be found here: Chase Special Consideration [Now for business cards only].

How to meet the minimum spend requirement

Overview | App Tips | Rewards | Perks | Keep or Cancel?

Jump To: Overview | App Tips | Rewards | Perks | Keep or Cancel?

Once you are approved for this card, you have three months to meet the required spend in order to get the signup bonus. With Chase, they’ll often actually give you more time: up to 115 days. If you think you’ll need more than 3 months to get it done, I recommend contacting Chase through secure message to ask for an exact date by which you must complete the spend.

You’re not supposed to use business credit cards for personal purchases, but it is quite common to do so. If you feel comfortable doing so, use the new card for all of your usual spend.

If your usual spend isn’t enough, consider paying a small fee to use your card to pay bills that can’t usually be paid by credit card, or to pay taxes, etc. See this post for many options for increasing credit card spend.

Applying for Business Cards

Applying for Business Credit Cards

Yes, you have a business: In order to sign up for a business credit card, you must have a business. That said, it's common for people to have businesses without realizing it. If you sell items on eBay, for example, then you have a business. Similar examples include: consulting, writing (e.g. blog authorship, planning your first novel, etc.), handyman services, owning rental property, etc. In any of these cases, your business is considered a Sole Proprietorship unless you form a corporation of some sort.

When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.

Understanding Chase’s 5/24 Rule

Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months. Some exceptions that are NOT subject to the 5/24 rule include: British Airways, Hyatt, IHG, Marriott Business, and Ritz Carlton.

To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status.
Chase 5/24 semantics ("Subject to" vs. "Count towards"): Most (but not all) Chase cards are subject to the 5/24 rule. That means the rule is enforced in making approval decisions. In other words, you probably won't get approved if your credit report shows that you opened 5 or more cards in the past 24 months. Meanwhile, most business cards (such as those from Chase, Amex, Barclaycard, BOA, Citi, US Bank, and Wells Fargo) are not reported on your personal credit report. These cards do not count towards 5/24.

Examples:

Chase IHG Card is not subject to 5/24 so it's easy to get. But after approval it will count towards your 5/24 total.

Chase Ink Business Preferred is subject to 5/24, so you likely won't get approved if over 5/24. If you do get approved, it won't count towards 5/24 since it won't appear as an account on your credit report.
Chase Ink Cash: 50K points after $3K Spend in 3 Months ----> Click Here

Many more great credit card offers, along with application tips for each bank, can be found on our Best Credit Card Offers Page.