Home Credit Cards Credit Card Review: Chase Ink Cash

Credit Card Review: Chase Ink Cash

by joeheg

Transferrable points are always at the top of the list if I have to choose what type of points to earn for purchases. Chase Ultimate Rewards, a form of transferable point, is always an account I need to replenish. There’s one card that provides a steady stream of Ultimate Rewards points without putting in any effort. To make things even better, it has no annual fee.

Next to signing up for new credit cards for bonuses, earning points for everyday spending is the best way for us to earn points. One of our biggest monthly expenses is our internet and cell phone bill and by having this card, I can earn 5x points on both of those in my sleep.

Chase Ink Business Cash


Annual Fee

The Chase Ink Business Cash card doesn’t charge an annual fee.

Sign Up Benefits

This card currently has a $900 sign-up bonus if you spend $6.000 on purchases in the first three months from account opening. Actually, you earn 90,000 points, which can be worth much more than $900 if you have a premium Chase card. We’ll get to that later. If you’re interested, we’d appreciate it if you used our referral link, as we receive Ultimate Rewards points for each approved application.

Spending Bonus Categories

The Chase Ink Business Cash earns 5X/5% on the first $25,000 spent in combined purchases in the following categories each account anniversary (not calendar) year:

  • At office supply stores
  • On internet, cable and phone services

The card also earns 2x/2% on the first $25,000 spent in combined purchases in the following categories each account anniversary (not calendar) year at:

  • Gas stations
  • Restaurants

All other purchases earn 1x/1% back with no limit on the amount you can earn.

3% Foreign Transaction Fees

This is not a card to use internationally since you’ll pay a 3% fee on any charges not made in U.S. dollars. Try to use a card that avoids these fees when traveling overseas or making charges in a foreign currency.

Auto Rental Collision Damage Waiver

Another great feature of this card is that it acts as primary coverage when renting a car. In simple terms, if you get into an accident in your rental car, you can use the coverage from Chase before filing a claim with your own insurance. Most other companies offer secondary coverage (where you need to file a claim with your auto insurance first). One important thing to remember, though: coverage is primary ONLY when renting for business purposes. 

Travel and Purchase Protections

The Chase Ink Cash card provides some travel protections for baggage delays and lost luggage, covers your purchases against damage and theft, and even provides extended warranty coverages. This isn’t the card I’d be thinking about when making those purchases, but if you need them, they’re there.

Not Everyone Can Get The Ink Cash Card

The Chase Ink Cash card is subject to the dreaded Chase 5/24 rule. If you’ve opened five or more new card accounts in the past 24 months, you will not get approved for this card.

However, if you’re under 5/24, this might be a good card to get since business cards do not typically count towards your personal card count, allowing you to still sign up for other Chase cards.

Maximize Your Ultimate Rewards Points

The Ink Cash card earns cashback, but if you hold another premium Chase card such as the Sapphire Preferred, Sapphire Reserve or Ink Business Preferred, you can transfer points from the Ink Cash to those cards. When doing so, you’ve multiplied the value of the points by anywhere from 50% to over 200%. By booking through the Chase travel portal, you can get 1.25 to 1.5 cents per point, depending on your card. If you transfer the points to one of Chase’s partners, there’s no limit to the value you can get for the points. That’s how we got to stay at the Grand Hyatt Kauai

And the Hyatt Centric Key West.


Check out this article about how and why you should pool your Chase points into the most valuable account (you plan to keep.)

Final Thoughts

The business card market is full of cards paying out large premiums. You can earn 2 Membership Rewards for all purchases with the American Express Blue Business Plus card. Capital One has offered massive sign-up bonuses for their line of points-earning business cards which also have excellent long-term earning potential.

Earning 5x Ultimate Rewards for our cable, internet, and office supply purchases is enough to keep the no-annual-fee Ink Cash Business card.

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This post first appeared on Your Mileage May Vary


Brian December 1, 2022 - 6:47 pm

If I apply for this card first and I don’t have another UR card, will I be able to get a UR card later and convert the $900 to 90K points?

joeheg December 1, 2022 - 6:55 pm

Yes. That is something you are able to do.


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