Despite being called Chase Ink Cash, this card actually gives points that you can redeem for cash at a rate of 1 cent per point. You and authorized users on your card earn Chase Ink Cash points when you make purchases. You’ll earn 5 points per $1 on the first $25,000 spent per year on office supplies and phone, internet and cable TV services. You also earn 2 points per $1 on gas and dining, up to $25,000 spent per year. And you get 1 point per $1 on all other purchases. There’s also a 500-point bonus when you spend $3,000 in the first three months.
You can redeem Chase Ink Cash points for cash as a statement credit or a direct deposit to a checking or savings account. You can also redeem points for gift cards, travel, or other products and services available through the Chase Ultimate Rewards program. Points are worth one cent when redeemed, no matter what you use them for. You can combine or transfer points with other eligible Chase cards that use Ultimate Rewards.
Points earned during a monthly billing cycle usually post to your statement at the close of the cycle. And they’re available to use at the beginning of the next billing cycle. But some points earned near the end of a billing cycle may take up to an additional billing cycle before they are available.
To redeem points, you can visit the Chase Ultimate Rewards website, call customer service at 1 (888) 269-8690 or visit a Chase branch. You can also refer to www.Chase.com/RewardsCategoryFAQs with any specific questions regarding points redemption.
Here is what you should know about Chase Ink Cash Points:
- You’ll earn Chase Ink points when you or an authorized user use the Chase Ink Business Cash card to make purchases, minus any returns or refunds. 100 points gets you $1 in cash back.
- Transactions that do not qualify as purchases and do not earn Chase Ink Cash points include, but are not limited to: balance transfers; cash advances; travelers checks, foreign currency and money orders; gambling; interest; unauthorized or fraudulent charges; and credit card fees.
- With Ink Cash, you’ll earn 5 points per $1 on the first $25,000 spent per year on office supplies and phone, internet and cable TV services. You get 2 points per $1 spent on gas and dining, up to $25,000 spent per year. Any purchases above the $25,000 threshold earn 1 point per $1. You earn 1 point per $1 on all other purchases.
- The Ink Cash card also earns a 500-point bonus worth $500 cash back when you spend $3,000 in the first three months.
- Chase Ink Cash points are worth one cent each when redeemed for cash, gift cards, travel, or other products and services available through the Chase Ultimate Rewards. You can redeem points for cash either as a statement credit or a direct deposit to a checking or savings account.
- You can also combine or transfer points with other eligible Chase cards that use Ultimate Rewards. You can only transfer points to cards belonging to you, a household member, or business owner, if applicable. Eligible Chase cards are Chase Freedom and Freedom Unlimited; Sapphire Preferred and Reserve; and Ink Business Preferred.
- Travel purchases eligible for points redemption include airline tickets, hotel rooms, car rentals, cruises and more. If you don’t have enough points to redeem for travel, you can charge the remaining cost of your booking to your Chase Ink Cash card.
- Ink Cash points do not expire as long as your account is active. You will lose all unused points if your account is closed, regardless of the reason.
Chase Ink Cash points are even more valuable in that the card has no annual fee. You can spend and earn points without the pressure of meeting a specific threshold to offset the cost of annual fee.
Be careful with international purchases, though. Chase Ink Cash does charge a 3% foreign transaction fee on all purchases made outside of the United States or through internationally-based merchants. Any rewards earned on international purchases would be quickly eroded, if not wiped out, with a 3% surcharge tacked on.