4 Reasons to Apply for the Increased Chase Ink Cash 30k Offer & 1 Reason Not To

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ink cash 30k

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Before applying I highly suggest reading the following posts: Slow & Steady Doesn't Make You A Loser and A Mandatory Waiting Period to Apply for Credit Cards?. You can find all of our credit card reviews here.

The New Increased Ink Cash Offer

A few days ago I wrote about the increased 60,000 point sign-up bonus for the Chase Ink Plus card. The Chase Ink Plus is easily my favorite overall credit card and one I proudly carry around when shopping for office supplies. With that said, the Ink Plus has a little brother called Ink Cash and it is quite good too.

Before I go any further, I want you to know that I am not trying to sell you an Ink Cash. I will be applying for this increased offer, so I thought that it would be a good idea to share my thought processes about the card and offer. As is mentioned in the disclaimer, there are no affiliate links in this post.

4 Reasons to get the Ink Cash Now

The increased sign-up bonus

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Through May 25, 2015 Chase has increased the sign-up bonus on the Ink Cash to 30,000 bonus points after spending $3,000 in the first three months. (The normal bonus is 20,000.) When redeemed for cash the bonus is worth $300, but you can do better. When this card is combined with either an Ink Plus or Sapphire Preferred, points can be transferred to travel partners. I average about 1.7 cents per point on my redemptions, which makes this bonus worth about $510 for me.

Keep in mind that the Ink Cash card is a small business credit card which means that you need some sort of business to apply. Chase can be tough, but people have been approved with limited incomes in the past and it isn’t necessary to have an Employer Identification Number. You can use your social security number to apply.

$25k Worth of 5x Spend

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Both the Ink Plus and the Ink Cash have fantastic 5x categories. Not only can you earn 5x Ultimate Rewards points on office store purchases, you also earn it on your internet, tv and cell phone bills. For me that adds up to thousands of points per year.

As someone who already has an Ink Plus, this is also a way to get an $25k more in bonused spend without have to pay a second annual fee. I know a lot of people don’t use up the $50k 5x limit on the Ink Plus, but with some of the deals we have been seeing lately, it actually isn’t that hard.

No Annual Fee

As I mentioned before, there is no annual fee with this card. That means it is a great starter card to take advantage of deals like the frequent Staples and Office Depot promotions. Having no annual fee also helps if you are trying to establish a long lasting relationship with Chase. (Which can be quite lucrative.) While business credit card accounts don’t show on your credit, having a long lasting business account can be helpful for future approvals.

Great for a Light Spender

If you don’t plan on spending more than $25,000 in the 5x bonus categories each year, then this card is probably better than the Ink Plus. (Especially if you have a Sapphire Preferred and the ability to transfer points to partners.) Other than points transfers, the only real major difference between the Ink Plus & Ink Cash is the 5x spending limit. (This is especially true now that the Ink Cash lost Lounge Club.)

Why not to Get the Ink Cash Now

There are of course a lot of lifestyle and debt driven reasons not to get the Ink Cash or any other card. This post isn’t designed to address those, but everyone should take careful consideration of their personal situation before applying for anything

If You Don’t Have an Ink Plus

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If I didn’t have any Ink cards, I would probably go for the Ink Plus over the Ink Cash.

If you don’t currently have an Ink Plus card, I would suggest getting that first. The 60,000 point bonus is very good and I have reason to believe it will be reduced to 40,000 after the current promotion. Basically by going for the Ink Plus over the Cash right now, you would pay $95 more, but receive 30,000 more points and the ability to earn 5x on $25,000 more in spending.

Conclusion

I am excited that the Ink Cash has this 50% increased bonus offer. As a proud holder of the Ink Plus, I will be adding the Ink Cash card to my current portfolio in order to add more purchasing power to feed my endless need for office supplies.

How about you? Do you have this card? Are you applying during the current promotion? Let me know in the comments.


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17 COMMENTS

  1. It’s been harder to get a second ink plus card. (Both wife and I were rejected last bonus)I wonder if the cash is easier, I would guess so.

  2. I got rejected after Chase spent a good while asking me detailed questions about my business. They finally said the business does not earn enough to get a INK Chase in addition to my INK Plus. They also said no to moving credit around. Tough.

  3. If I buy $3000 worth of Vanillas at OD to meet min spend on Ink cash, will I also get 15000 points on my account (aside from the sign up bonus)? OR do I start earning my points only AFTER meeting min spend? I hope to receive my card by Monday after requesting expedited shipping, which was approved.

    TIA Shawn!

  4. I actually think your reason for not getting the Ink Cash is in fact a reason to consider getting it.

    If you’re not spending anything near the $25k/year on 5% categories, you’re better off getting a card with no AF that you’ll never cancel down the road. This will only further the history with Chase as the age of the existing account will benefit your relationship with them. This may not show up on a credit report b/c its a business account, but I’m confident it’ll have a positive impact if you’re churning cc/bank bonuses with Chase.

    It also seems some of the experiences of other people here suggest Chase isn’t as eager to give you both cards. However, I can’ see a scenario where you’re using your no AF cash card frequently and can possibly justify needing the higher 50k bonus INK w/ the AF and having them approve you (plus you’re now requesting an AF card which makes them money).

    • I don’t disagree, but if you don’t have either Ink, it is better to get the 60k bonus and then downgrade in a year to the Ink Cash. That way you get the higher bonus and can build history.

      You don’t really lose either way, but if I didn’t have an Ink card, I would go for the 60k offer and then consider downgrading in a year.

      • Is there a reason you can’t start w/ this $300 cash offer, then apply for the INK offer in the future as well? I don’t believe there is any restriction from having both cards. You could definitely point out that you’re spending more than you thought you would and you need their higher earning card as your business is growing.

        I don’t believe downgrading will allow you to earn both bonuses, where as the the method I outlined would.

        • Yeah you could do it either way. I like to take the points while they are available though. Especially considering the fact that they were A/B testing a lower 40k offer for the Ink Plus before this special.

          You are right though. Both are great cards and there is flexibility to apply for them in either order. There is no wrong answer.

          • I agree that how soon you’ll need points factors into this.

            I also think that making sure you’ll use all of the services offered to make the AF worthwhile are important. The AF card does include a higher 50k cap and a conduit for transferring points, so if people know they’ll capitalize on higher than 25k and/or need a card to assist in transferring points I definitely agree the INK is the one to go with.

            I was looking at this from a long-term perspective and the fact that the AF may not be worthwhile for a card that is typically not cancelled after opening (like arrival+ or Sapphire).

            The more I learn about MS and the balancing act involved, the more I personally believe maintaining a good relationship w/ Chase is important. More so than any other bank or cc issuer. I think this implies foregoing some benefits to increase the likelihood Chase will never be tempted to terminate it’s relationship with you. In a sense, it’s a microcosm for how I think the MS community should treat many opportunities out there. It’s definitely a slippery slope though!

  5. I have Ink Plus and just downgraded to Ink Cash to save the annual fee. During my Ink Bold application process Chase asked detailed questions about the business and eventually approved. Based on that experience and spending levels, trying for Ink Cash wasn’t likely to succeed. Am now thinking about whether it’s necessary to keep Ink Bold and Sapphire Preferred.

    • My strategy has been to downgrade the CSP to a Freedom which I actually think is better in the long term because of its 5x categories. I then keep the Ink so I have the ability to transfer points and earn 5x on office supplies and internet/phone. Works well for me.

  6. Yes! Just got approved for the Ink Cash while already having the Ink Plus! I went through your Creditcards.com link and applied through that.

    Data point, my call into Chase was very harmless. They didn’t ask me any questions, I was very very surprised. I’m guessing my good history with them helped. I just finished paying off a car loan with Chase and have a Chase checking account as well. The rep thanked me for having a checking account, so I think that helped.

    Thanks for all your posts Shawn. This is my favorite blog now and its very helpful!

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