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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.
CitiBusiness® / AAdvantage® Platinum Select® Mastercard® Earn 65,000 AAdvantage miles.