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The sign-up bonuses for many credit cards are definitely better than average right now, and that means this is a fantastic time to think about getting a new rewards credit card that can help your family travel more and keep cash in your pocket. As a nice change of pace, a very impressive brand new limited-time offer was just released for a card with no annual fee.
The Chase Ink Business Cash Card has a limited time offer of $500 bonus cash back (which is the same as 50,000 points) after you spend $3,000 on purchases in the first three months. There is no annual fee on this card and the offer also comes with 0% intro APR on purchases for 12 months and a 0% intro APR on balance transfers for the first 12 months.
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Similar to how things work with the Chase Freedom card, these 50,000 bonus points from the Ink Business Cash can be redeemed at a value of one point = one cent, but if you also have a premium Chase Ultimate Rewards product such as the Chase Sapphire Reserve, Chase Sapphire Preferred, or Ink Preferred Business, you can also choose transfer the points you earned from the Ink Business Cash to the Ultimate Rewards hotel and airline partners such as Southwest, United, Hyatt, and more.
If you also have the Chase Sapphire Reserve, you could move the 50,000 bonus points from the Ink Business Cash to that card and redeem them for $750 in travel that you book through Chase at a rate of 1.5 cents per point. In addition to having an eye-catching increased sign-up bonus, the no-annual-fee Ink Business Cash is solid on everyday earnings with the following breakdown.
- 5% cash back on the first $25,000 spent in combined purchases each anniversary year at office supply stores and on internet, cable and phone services
- 2% cash back on the first $25,000 spent in combined purchases each account anniversary year at gas stations and restaurants
- 1% cash back on all other card purchases with no limit to the amount you can earn
Again, if you have a premium Ultimate Rewards card, then instead of cash back you can think of those numbers in terms of 5x, 2x, and 1x Ultimate Rewards points. While you likely need to be under the Chase 5/24 count to get approved for this card, getting this small business card shouldn’t count against your 5/24 numbers. Having the Chase Ink Business Preferred Card also does not disqualify you from getting the Ink Business Cash Card, though since it offers an even higher 80,000 point sign-up bonus, some may want to get the Ink Business Preferred Card first.
I don’t know an end date for this increased bonus on the Ink Business Cash, but I seriously doubt that a 50,000 point offer on a card with no annual fee hangs around forever. Historically, the publicly available increased bonus for this card just went as high as 30,000 points, so 50,000 points is truly a big jump. If this is not the right card for you, remember that American Express also has a small business card with no annual fee available with up to $500 in statement credits as a welcome bonus, though that offer has a higher spending requirement.
Anyone becoming 50,000 points richer thanks to this increased offer from the Ink Business Cash Card?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.