Chase Ink Cash earns Ultimate Rewards points that can be redeemed for cash back via statement credits. Cardholders can also redeem points earned with Ink Cash for travel purchases and gift cards through the Chase Ultimate Rewards portal online. The points can be used to pay for purchases on Amazon.com, too.
Ultimate Rewards points are worth 1 cent apiece when redeemed for everything except Amazon purchases, which give you only 0.8 cents per point. To redeem Chase Ink Cash points through Ultimate Rewards, log in to your Ink Cash account online from the Ultimate Rewards page, and you’ll see all of your redemption options at the top of the page. It’s pretty straightforward from there.
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.… read full answer
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.
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.
The Ink Cash foreign transaction fee is 3% of each transaction in U.S. dollars.
A foreign transaction fee is charged when the Ink Cash credit card is used outside of the U.S. The fee applies whether it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant.… read full answer
If you often do business with foreign merchants, it will be better (and cheaper) to use a credit card with no foreign transaction fee. You can check out our editors’ latest picks for the best among them and see which one better suits your needs.
The best Chase business credit card is the Ink Business Preferred® Credit Card because it offers a bonus of 100,000 points for spending $15,000 in the first 3 months. Ink Business Preferred also gives 3 points / $1 spent on travel and select business purchases, plus 1 point / $1 on everything else. Preferred provides free employee cards, too. And it has a $0 foreign transaction fee. The annual fee is $95.… read full answer
The Ink Business Cash® Credit Card offers the best ongoing cash back bonuses of any Chase business credit card. It has a $750 bonus for spending $7,500 in the first 3 months. And it gives 5% cash back on the first $25,000 spent per year at office supply stores and on internet/cable/phone services. Plus, it offers 2% back on the first $25,000 spent per year at gas stations and restaurants, along with 1% on everything else. There’s a $0 annual fee.
But if you want to earn rewards at a flat rate, Ink Business Unlimited® Credit Card comes out on top. It offers unlimited 1.5% cash back on all purchases. And it has a $0 annual fee.
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