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Ink Business Cash® Credit Card is a no-annual fee business credit card from Chase, which allows you to accrue highly valuable Chase's Ultimate Rewards® Points for all your eligible spendings (again, without any annual fee).
In this posting, I will describe major features of this business credit card, and then will explain one often misunderstood function of this credit card.
1. Major Features
Ink Business Cash® Credit Card has the following major features.
1) Welcome Bonus
After spending $6,000 on purchases in the first 3 months from account opening, you will earn $900 bonus cash back.
(But as I will explain in a moment, this $900 bonus cash back will be in the form of 90,000 Ultimate Rewards Points, which then can be redeemed for $900 cash.)
2) 5X earning on office supply stores + internet, cable and phone services
With Ink Business Cash® card, you can earn 4 extra points (total 5 points per dollar spent) for your spending at select categories. These categories include office supply stores as well as internet, cable and phone services.
For example, if you purchase your business supplies from Office Depot, you can earn 5 Ultimate Rewards points for every eligible dollar you spend at Office Depot.
(Note: this feature has $25,000 membership year limit.)
3) 2X earning on gas stations and restaurants
With the rising gas price, you may wonder if there's any way to get more points for your necessary expenses.
With Ink Business Cash® card, you can earn one extra Ultimate Rewards points (total 2 points) for your charge at gas stations and restaurants, with $25,000 membership year limit.
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2. Did you know?
Ink Business Cash® Credit Card is categorized as a business card that offers a cash back based upon your business-related spendings.
But did you know that you actually earn Ultimate Rewards points (Chase's proprietary rewards points) rather than cash?
A new cardmember will earn “$900 bonus cash back” after spending $6,000 on purchases in the first 3 months after account opening.
But according to the offer details, “You will receive 90,000 bonus points with this bonus offer, which can be redeemed for $900 cash back.”
In other words, you earn Ultimate Rewards Points, which of course has many more (and often more useful) options than a cash redemption.
For example, if you also hold Chase Ink Business Preferred® Credit Card, you can combine your Ultimate Rewards points from Ink Business Cash® Credit Card into those of Chase Ink Business Preferred® Credit Card. And because Ink Business Preferred® Credit Card has the feature of transferring points to leading frequent travel programs at full 1:1 value, you can transfer Ultimate Rewards points to Hyatt's World of Hyatt Program at 1:1 ratio.
Hyatt points are valuable, and you can redeem 40K Hyatt points for a one-night stay at Park Hyatt New York, which retails in the range between $800 and $1,000.
