Chase is turning up the heat once again with the return of the best-ever initial bonus offers on two of its no annual fee business credit cards – the Ink Business Unlimited® Credit Card and the Ink Business Cash® Credit Card. If you’re a savvy points collector, this news might just make your day.
Both cards are throwing a whopping $900 your way, which translates to a cool 90,000 Ultimate Rewards points. All you need to do is spend a reasonable $6,000 on purchases within the first 3 months of opening your account. I’m willing to bet that’s a benchmark most of us are able to hit.
Now, let’s talk about why these points are a big deal. Chase Ultimate Rewards points are some of the most valuable in the points and miles game. They’re versatile and pack a punch when it comes to value. You should always aim to redeem them for, at an absolute minimum, 2 cents per point. In fact, you’ll often find opportunities to get value well north of that, especially with valuable transfer partners like World of Hyatt and Air Canada.
While this isn’t the first time we’ve seen a 90,000 point offer on these cards, it’s worth noting that this pretty rare, and is tied for the best-ever signup bonuses on these particular products. So, if you’ve been eyeing these cards, now might be the time to make your move.
Let’s break down what each card brings to the table:
Ink Business Unlimited® Credit Card:
Earns a solid 1.5% back on all your purchases. Simple, straightforward, and effective.
Ink Business Cash® Credit Card:
This one’s a bit more nuanced. You’ll earn 5% on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. Plus, you’ll get 2% on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. It’s a strategic way to maximize your rewards based on your spending habits.
But remember, in Chase’s world, 1% cash back equals 1x Ultimate Rewards points. Keep in mind, you’ll need at least one Ultimate Rewards card with an annual fee, like the Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred, in your portfolio in order to be able to transfer these points to partners like Hyatt.
Chase is known for its infamous 5/24 rule. If you’re not familiar, it’s pretty straightforward – if you’ve opened five or more personal credit cards (from any bank) in the past 24 months, you’re likely to face a rejection when applying for new Chase cards. However, some folks in the points and miles community have reported that the 5/24 rule isn’t being enforced as strictly as it once was. It’s not a guaranteed pass, but there’s a glimmer of hope for those who might be a tad over the limit.
While Chase business cards won’t add to your 5/24 count, you generally still need to be under 5/24 to get approved for new Chase business cards. At least you don’t have to worry about Chase denying you for being too responsible with credit, like a certain other bank.
These are phenomenal offers, especially considering they come with no annual fee. So, if you’re in the game and itching to boost your Ultimate Rewards balance, the Ink Cash and Ink Business Unlimited cards might just be your golden ticket right now. Grab those 90,000 points and start planning your next adventure.