Travel on Points

Review: Chase Ink Cash

Chase Ink Cash card is a great no annual fee, cash back card  Points are combinable with other members of the Ultimate Rewards family.
Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Review: Chase Ink Cash

Chase Ink Cash card is a great no annual fee, cash back card  Points are combinable with other members of the Ultimate Rewards family.

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

The Chase Ink Cash card is a great no annual fee, cash back card from Chase.  As part of the Ink family, it is a business card and you should have a business in order to qualify.  Similar to Chase cash back cards, when combined with other cards, you have the potential to turn your cash back into points.

Current Offer

The current offer for the Chase Ink Cash is an all-time high of $900 (90,000 UR) after spending $6,000 in the first three months. The card does not have an annual fee.

Earn Rate and Redemption Potential

While technically the Chase Ink Cash is a cash back earning card, these points can be used for travel, as long as you transfer the points to your Ultimate Rewards earning card.  The Chase Ink Cash (CIC) earns 5% back/5x on the first $25,000 spent on the account during each anniversary (not calendar) year on the following categories: office supply stores, internet, cable, and phone.  It also earns 2% back on the first $25,000 spent each calendar year at gas stations and restaurants with 1% earn on all other areas.

While you can earn cash back with the Chase Ink Cash, you can also use your points for travel.  This is even more valuable if you have the Chase Ink Preferred, Chase Sapphire Preferred, or Chase Sapphire Reserve.  The Ink Cash is a part of the Chase Ultimate Rewards program allowing you to transfer points between all of your accounts.  Once your points are in an Ultimate Rewards earning account, you can transfer points 1:1 to a variety of airline and hotel partners.

If you use points to book travel directly through the Ultimate Rewards travel portal, you benefit from an additional 25% (Sapphire Preferred and Ink Preferred) or 50% (Sapphire Reserve) bonus.  Therefore the $500 offer is now worth $625 (Chase Ink Preferred or Sapphire Preferred) or $750 (Sapphire Reserve) when you redeem your points via the Ultimate Rewards travel portal.  Additionally, with the addition of the Pay Yourself Back feature available on the Chase Sapphire Preferred and Chase Sapphire Reserve, you can cash these points out at 1.25 cpp (Preferred) or 1.5cpp (Reserve) versus the 1cpp if you cash them out directly from this card.

Analysis

This card is another card that will always hold a place in my wallet, as it is a fairly easy way to rack up a lot of points without paying an annual fee.  The Chase Ink Cash does not add to your 5/24 status, so it increases your Ultimate Rewards earning potential without preventing you from continuing to obtain personal cards from Chase.  It is important to note that you must be under 5/24 in order to be approved for this card, even though it does not add to your 5/24 count.

Final Thoughts

Between shopping for office supplies and gift cards at office supply stores, I net a large quantity of Ultimate Rewards yearly.  If you max out the office supply store spend, there is earning potential of $1,250 without tapping into the 2% earn on gas and restaurants.  This, is in addition to the $750 earned via the sign up bonus with the potential of netting $2,000 the first year.  In my opinion, it really is a no brainer as there is no annual fee nor does it add to your 5/24 totals.  Similar to other cash back cards from Chase (Chase Ink Unlimited, Chase Freedom, and Chase Freedom Unlimited), this card continues to be a solid cash back option, however the real value of the card occurs when combining with an Ultimate Rewards earning card for either travel or the Pay Yourself Back feature.

Always feel free to drop a comment here or in our Facebook group to discuss your situation so we can help guide you and provide the best advice.  Figuring out which credit cards to apply for can be complicated and we want every member to be successful in maximizing their earning potential.

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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