No, Chase Ink Preferred doesn’t offer cash back because it is a points credit card. You can, though, convert the points you earn to cash back.
Here’s how to get cash back from your Chase Ink Preferred:
Cardholders earn 1 - 3 points per $1 per dollar spent on purchases. Those points are redeemable for cash either as a statement credit or through a direct deposit to a linked bank account. There’s no minimum amount required to redeem for cash back.
When you redeem Chase Ink Preferred rewards for cash back, points are worth 1 cent apiece. However, points are worth 25% more if you redeem them for travel through the Ultimate Rewards portal. So, for maximum value, you may want to consider redeeming points for travel instead.
Chase Ink Preferred points never expire as long as the account stays open. Points are immediately lost if the account is closed for any reason.
Lastly, if you’re thinking of “cash back” as a way to simply withdraw money, keep in mind that credit card cash advances are extremely expensive. Chase Ink Preferred charges a hefty cash advance fee: Either $15 or 5% of the amount of each transaction, whichever is greater.. It also comes with a 24.99% (V) cash advance APR which doesn’t benefit from a grace period, so interest starts accruing immediately.
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