Posted by William Charles on March 23, 2018
Credit Card Offers

Published on March 23rd, 2018 | by William Charles

129

Chase Ink Cash $500 Public Online Offer

The Offer

Direct link to offer

  • Earn a $500 cash bonus after you spend $3,000 on purchases in the first three months after account opening on the Chase Ink Cash card

Card Details

  • Chase 5/24 rule applies to this card
  • No annual fee
  • 0% intro APR on purchases and balance transfers for the first 12 months
  • Card earns at the following rates:
    • 5% on the first $25,000 in combined spend at office supply stores, internet cable and phone services
    • 2% on the first $25,000 in combined spend at gas stations & restaurants
    • 1% cash back on all other purchases

Our Verdict

This offer has been available through business relationship managers for some time, recently a targeted online offer came out and now we have the public offer as well. $500 is as high as this bonus gets and it’s actually 50,000 Chase UR points that can be transferred to travel partners if you have the Chase Sapphire PreferredSapphire ReserveChase Ink Preferred or the old Chase Ink Plus. Unfortunately most people won’t be eligible due to the 5/24 rule, if you are it’s worth considering due to the high bonus on office supply store stations (good for Staples & Office Max/Depot deals). But it might make more sense to apply for the Chase Ink Preferred for a bigger bonus and then downgrade to this card in the future.

Hat tip to reader Chong786



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Thelement
Thelement

Or apply for the CIP, after meeting the MSR then apply for this one, and then downgrade the CIP and have two CIC amirite.

tinytavosa
tinytavosa

Tis what I did. Good times good times.

Blue
Blue

I’ve got one CIC via downgrade and a CIP using my EIN that will also be a CIC when downgraded. But I’m mulling over applying for this under my EIN and ending up with 3 CICs.

sjpj
sjpj

What’s the benefit of having two CICs? Why not just close one of them?

sam
sam

Decode please

Ann
Ann

CIP = Chase Ink Business Preferred credit card
CIC = Chase Ink Business Cash credit card
MSR = minimum spend requirement (to earn the bonus)

ted
ted

How do individuals with less than serious side business qualify for this?

Andrew
Andrew

look at sole proprietor laws in your state. you might just be [first name last name] [generic business type] for business

qmc
qmc

first name last name with no business type works well for not needing to send in business verification

aa
aa

Would making up a sole prop name (other than my personal name) but using SSN for the EIN still require verification?

Jim
Jim

Yes, virtually 100% will require verification documents. That said, when people get denied or put in pending, they can still ask Chase recon to change the title to one’s name after app submission

Ann
Ann

Only use your first and last name. Do not add any other words in the business name if you have not registered it as a DBA (Doing Business As), LLC, etc.

Lrdx
Lrdx

For some people this might make this card better than CIP, considering no AF, $2k lower bonus spend req, 12mo 0%, higher bonus categories vs +30k UR.

Chong786
Chong786

Also , CIP has a referral bonus if you can refer someone

Vic
Vic

Just tried with a CIC info and still couldn’t generate referral link. Can someone else confirm that CIC is still not-referrable?

Chong786
Chong786

Unfortunately , CIC is still not-referrable

Accountant69
Accountant69

0% Intro APR with 50k UR points makes this very temping…

tinytavosa
tinytavosa

For what it is is worth, and this might be obvious to some, but the 0% for 12 months will be removed if you product change to CIP from CIC, or product change from CIP to CIC. That is something that I experienced when I did the CIP to CIC PC. I didn’t care, but it’s worth mentioning.

TheTaxman_cometh
TheTaxman_cometh

Are you positive about that? My 0% stayed when I PC’d my CF to CFU. Also CIP doesn’t have an intro interest period so your DP isn’t really a DP

tinytavosa
tinytavosa

Oy! I deserve a spanking for this one. I’m very wrong. Thanks for pointing out that I must have assumed my CIP had an intro APR (smh) and thus my confusion. I do believe you are correct >.<

Lance
Lance

I may not be 5/24 so thinking of applying. What are the repercussions if I do, yes can be denied but talking as far as a hard pull.?Esp since I will definitely be 4/24 in a few months and looking for a card then.

bob wiley
bob wiley

expiration date?

NBG
NBG

Can I apply for more than 1 CIC(already have one) under the same SSN as sole proprietor if under 5/24?.

BW
BW

You could apply but i doubt you get approved.

Brandon
Brandon

I have two CIP, can I apply for CIC?

Tim
Tim

I have an Ink Preferred and an Ink Plus. With two Chase business cards already, there is a good chance I won’t get approved for a third. My strategy is to close my Ink Preferred, wait a few days for it to show up as closed on my TransUnion credit report, and then apply for the Ink Business Cash card. In another year or so, I may apply for the Ink Preferred again to get more bonus points.

Dan
Dan

This is news to me, the Chase Ink Cash earns in UR instead of cash as long as you have Sapphire Preferred, Sapphire Reserve, Ink Preferred or Ink Plus?

Chong786
Chong786

Yes , you can transfer UR from ink cash to other chase premium cards

TheTaxman_cometh
TheTaxman_cometh

Technically it earns UR without any other card, you just can’t redeem it for more than 1cpp without a premium card

ash
ash

can i transfer these points to my spouse’s sapphire reserve (to convert to true UR points)? thanks!

Rahul
Rahul

Can one have both Chase Business Ink Preferred And this card ya Same time?

Chong786
Chong786

Yes you can. Those two are two different products

Jerry M
Jerry M

Can we redeem UR points as cash back or statement credit? Does that have 1:1 correlation?

Jeff H
Jeff H

I did.50k UR – $500.00

Jeff H
Jeff H

I applied a few days ago and was rejected. Awaiting letter.
Best info I have is “too much credit in recent times”
I was going to recon after April one when I will be a cleaner 5/24.
Should I freeze Experian and reapply or just recon and ask for offer match?

MoreSun
MoreSun

By “cleaner 5/24” do you mean you have AU accounts on there or store cards that will drop off come April?

Jeff H
Jeff H

BAC MLB Cash Rewards MC 05/15/16
Barclay Cash Forward World Mastercard® 05/15/16
Chase AARP Visa 05/17/16
ZERO AU accounts.
I applied because the related hits fell off TU HP listings. HP now =2.

Too many credit cards opened in the last two years associated with you

citing TransUnion. Chase pulled both Experian and TransUnion

MoreSun
MoreSun

So, HPs don’t count for 5/24. What 5/24 counts is the amount of accounts that show as opened on your credit report in the last 24 months. Also, it doesn’t matter if those accounts have since been closed. What you need to do is check your open accounts by date on your credit report (include closed accounts) and list all those out that have been opened in the last 24 months. That is your x/24 number.

Blootie
Blootie

Could I apply for this now (I’m currently under 5/24) and apply for a CIP later and downgrade that to a CIC as well? This bonus seems pretty good and who knows when it will go away so I’d rather jump on this first and then jump on the CIP afterwards. Thanks in advance!

Marco

You should be able to. You could always close the Chase Ink Preferred.

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