Hey there. It’s Kenny. I recently got approved for the Chase Ink Business Cash card. I am excited to start using it as there is a 50,000 point offer after $3,000 spend sign up bonus. To me that is worth $750 in travel, valuing Chase points at 1.5 cents-per-point. These offers are amazing, especially for a card that has no annual fee. It is a “business” card but if you qualify as a sole proprietor or even resell items on sites like Ebay or Mercari, you qualify for this card. If you want to learn more about applying for business credit cards, check out our blog here https://breaktime.blog/?p=276.
This card is amazing as it earns 5% on purchases at office supply stores like Office Depot or Staples. It also earns 5% for internet, cable and phone services. The cap for the total spend at 5% is $25,000 per anniversary year.
This card also earns 2% back at gas stations and restaurants with the cap for this 2% category at $25,000. Just these two categories alone are amazing as everyone drives and everyone eats making this card a solid choice for a no annual fee card.
What You May or May Not Have Known
Although this card says “5%” or “2%” cash back, this card actually earns Ultimate Rewards points meaning you can pool these points with a higher tier premium Chase card to get 1.25x (from the Ink Business Preferred or the Sapphire Preferred) or 1.5x (from the Sapphire Reserve) points back when redeemed for travel. This means that if you do plan on pooling the points together at some point down the road, you are effectively earning 6.25% or 7.5% and 2.5% or 3% on the bonus spending categories. This really is amazing for a card with no annual fees.
How Does it Compare to Other Chase Business Cards
The Chase Ink Freedom is a catch all card with 1.5% on all purchases with no yearly cap. For the Chase Ink Preferred, unless your business uses the shipping, advertisement, and travel category, the main selling point is really just the large sign-up bonus. This card is the perfect medium. It does not have an annual fee unlike the Ink Preferred and 5% category with 2% on daily uses at restaurants and gas is more practical than the 1.5% from the Ink Freedom.
These categories are amazing as the 5% on phone, internet and cable services will allow me to pay those services on the card and set it on auto-pay. This way, this card will earn me the 5% every month and I never have to worry about this card closing due to inactivity. The 2% on gas and restaurants are
On top of that, this card extends warranties of three years or less by a full year. This means an additional year of protection for your purchases made on this card. The card also provides a purchase protection of 120 days against theft or damage of up to $10,000 per claim (with a total cap on the account of $50,000). For the cost of nothing, this card provides a lot of value.
I will be using this card constantly and likely make this card my go-to card to meet the sign up bonus. Afterwards, it will likely be the card that will pay the phone, internet and cable service charges. With auto-pay enabled, this card will stay open for quite a while. But until next time…
We appreciate y’all letting us be a part of your Break Time.
Checking out, Kenny