No Annual Fee Ink Cash 50,000 Point Initial Bonus And 5x Earning In Key Categories

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A couple of years ago I product changed my old Ink Plus card to the no annual fee Ink Business CashSM Credit Card because I didn’t need the legacy Ink Plus anymore, so why pay the fee for it? I missed out by not applying as a new customer though because of what is now effectively a 50,000 point bonus: $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

Ink Cash earns 5 points per dollar at office supply stores as well as on phone, internet, and cable services (on the first $25,000 spent combined in these categories each cardmember year). It also earn 2 points per dollar on the first $25,000 spent in combined purchases at gas stations and restaurants each cardmember year.

Points from no annual fee Chase cards don’t transfer to airline miles, they’re worth cash at one cent per point. So they advertise 5% back and 2% back categories. However you can transfer the points to a Chase card whose points transfer to miles, and thus increase their value.

You absolutely want one Chase card whose points transfer to miles:

  • Ink Business Preferred® Credit Card has an offer to earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. It earns 3 points per dollar on the first $150,000 spent each account anniversary year on travel – that’s airlines, hotels, Uber – and on shipping and advertising on social media and search engines, so great for anyone who advertises on Facebook or Twitter, or who spends money advertising with Google.

  • Chase Sapphire Preferred Card lets you earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. I suggest that as the number on card to get started with in miles and points. The card earns two points on travel and dining at restaurants and 1 point per dollar spent on all other purchases worldwide.

  • Chase Sapphire Reserve® 50,000 point signup bonus after $4000 spend within 3 months; triple points on travel and dining; Priority Pass Select membership with free guests; $300 travel credit.

Then the no annual fee Chase cards become even more valuable, Chase Freedom FlexSM with its 5% cash back on up to $1500 in eligible combined purchases in rotating categories; 5% on travel purchased through Chase; 3% on dining at restaurants and drugstores along with Chase Freedom Unlimited® with its 1.5% cash back on all other purchases and 5% on travel purchased through Chase plus 3% on dining at restaurants and drugstores as well.

The downside to Ink Cash as part of this strategy? 5 points per dollar earning is limited to the first $25,000 combined spend each cardmember year in eligible categories. In contrast earns 3 points per dollar on the first $150,000 in combined purchases on its categories. But $25,000 a year in 5x bonus categories is enough for most.

Ink Business CashSM Credit Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of advertisers Citibank, Chase, American Express, Barclays, Capital One or any other advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.


  1. A good product to pair with the other Chase cards at no annual fee but word to the wise that Chase doesn’t seem too excited about actually approving these. I have 4 Chase cards, a credit card relationship going back to the mid-80’s (Chemical Bank), a 870 credit score and have never run a balance. I was rejected for this card over the weekend. I appealed over the phone and received a 20 minute interrogation asking me all kinds of questions regarding to financials of my small real estate business. Finally, after 45 minutes on the phone, I was approved! The punchline: a $3,000 credit limit! When I get the card I’m assuming I can call them and switch credit from one Ink card to the other, but I’m actually not so sure. Can I reach the spend required for the 50k bonus with a $3k credit limit? I’m not sure who’s running the credit card show at Chase but I’m guessing it’s the same guy who I see driving around town in his car by himself with his mask on. It has to be that guy and no one else.

  2. @B Barrett

    Did you also have an existing business card with them for the same business? I do, otherwise, I would think Ihad no chance (it’s a hobby business).

  3. Yes. I’ve had the Ink Business Plus for probably 7 or 8 years under the same business. Although it’s a small business it is legit and registered an a LLC. I probably have $100k credit combined in my Chase cards and utilize 5-10% every month. Hardly a credit risk.

  4. @ B Barrett

    I think the answer lies with your $100k credit combined in Chase cards because the unspoken consensus is $100k is the limit with no collateral for a major bank. I reached that limit with both BOA and Chase. I would call and see if they’ll transfer a portion of your credit to help hit your spend cause I’ve never had my request declined.

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