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The Chase Ink Card has typically been a niche card product that tends to be overlooked by most. However, Chase recently has begun to market the card more heavily, along with a significantly larger signup bonus.
To recap, the card has the following spending bonus categories:
Earn 5x points on purchases at office supply stores and phone, landline, internet, and cable TV services up to $25,000 annually.
Earn 2x points on purchases at gas stations and restaurants up to $25,000 annually.
The 5x office spending bonus is unique among card issuers, with only the Chase Ink Preferred offering a similar category bonus.
Best of all the card has a $0 annual fee.
Per Reddit, Chase will launch a new business card product, called the Ink Cash Unlimited, within the next few weeks.
Similar to the current Ink Cash, there is no annual fee, but Ink Cash Unlimited instead will earn a flat 1.5% cashback on all purchases.
If you happen to have a card that earns ultimate reward points (Chase Sapphire Reserve, Chase Sapphire Preferred, or Chase Ink Preferred), you can transfer your cash back points to that card and in essence, earn 1.5 UR points per purchase.
What hasn’t been revealed is whether Chase will discontinue the Chase Ink Card. However, if history is any indication, there is a reasonable chance that the current card product will phase out.
Whether that does happen or not, the current sign up bonus is quite lucrative, and if you currently have applied to five or less Chase cards within the last 24 months, it may make sense to apply for the Chase Ink Card, provided that you currently have a card that earns ultimate reward points.
