This 5X Card to Go Away, the No-Fee Version Will Stay

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I recently let you know that the Chase Ink Plus card will no longer be open to new applicants later this year.  So if you’re interested in earning 5X bonus Chase Ultimate Rewards points in categories like office supplies and cell phone bills, now is the time to apply!

And although the Ink Plus card is going away, View From the Wing has confirmed that the no-annual fee Chase Ink Cash card, that earns 5% cash back at office supply stores, is here to stay.

Chase No Annual Fee Business Card

If You’ve Been Considering the Chase Ink Plus Card That Earns 5X Bonus Chase Ultimate Rewards Points at Office Supply Stores, Now Is the Time to Apply. Because It Will Be Discontinued Soon!

Here’s what this means for you.

Apply for the Chase Ink Plus Card While You Still Can

Link:   Chase Ink Plus

Once the new Chase Ink Preferred card becomes available later this year, Chase will retire the Ink Plus card.  So if you want the Ink Plus card so you can earn 5X Chase Ultimate Rewards points in popular categories like office supply stores and phone, internet, and cable TV services, you should apply before it’s too late.

Because with the new Ink Preferred card, you’ll get 3X Chase Ultimate Rewards points for every $1 you spend on travel, telecommunications, shipping, and advertising on social media and search engines.  But it will NOT have any 5X bonus categories.

Chase No Annual Fee Business Card

If You Like the 3X Bonus Categories on the New Ink Preferred Card, You Might Want to Hold Off on Applying for a New Chase Ink Small Business Card for Now. Because Earning 80,000 Chase Ultimate Rewards Points With the Ink Preferred Card Is Worth a LOT of Big Travel!

I suspect the Ink Plus card will keep the 5X bonus categories even after the card is retired.  Because although Chase’s Ink Bold card was discontinued in 2014, folks like me who have the card can still earn 5X bonus Chase Ultimate Rewards points in certain categories.  But I can’t guarantee anything!

And you’ll still be able to earn 5% cash back on certain bonus categories with the no-annual-fee Chase Ink Cash small business card.

Chase No Annual Fee Business Card

Link:   Chase Ink Cash

Even though the Ink Plus card is being discontinued, the no-annual-fee Chase Ink Cash card will remain open to new applicants.

With the Ink Cash card, you can earn 30,000 Chase Ultimate Rewards points after meeting minimum spending requirements.   

You’ll also get:

  • 5% cash back (5X Chase Ultimate Rewards points) on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year
  • 2% cash back (2X Chase Ultimate Rewards points) on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • 1% cash back (1X Chase Ultimate Rewards point) on all other purchases

Plus, if you have another Chase card like the Sapphire Preferred, Sapphire Reserve, or Ink Bold (no longer available), you can transfer points from the card to hotel and airline partners for Big Travel.

Note:   If you don’t qualify for Chase Ink cards because of Chase’s tighter application rules, consider the SimplyCash® Plus Business Credit Card from American Express, which has similar bonus categories.

Bottom Line

Chase is launching the new Chase Ink Preferred card by the end of 2016.  And once this card is available, the Ink Plus card will no longer be open to new applicants.  

So if you’ve been considering the Ink Plus card, and especially if you want to earn 5X bonus Chase Ultimate Rewards points at office supply stores and on things like cell phone bills and cable TV, now is the time to apply.  Because the new Chase Ink Preferred card will NOT have any 5X bonus categories.

That said, folks will still be able to get the no-annual-fee Ink Cash card, that earns 5% cash back (5X Chase Ultimate Rewards points) in eligible categories, after the Ink Plus card is retired.

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8 responses to “This 5X Card to Go Away, the No-Fee Version Will Stay

  1. Will I be able to downgrade to the no-annual fee Ink cash from my Ink plus? Sounds like the same card essentially but without the annual fee.

  2. Do you know if the new Chase Ink Preferred will allow you to pool and transfer Ultimate Rewards Points to the air and hotel partners like the Ink Plus?
    Thanks!

  3. Does the freebie ink card have a lower redemption value when redeeming points? I know the ink plus is supposed to be the maximum value, right?

  4. I’ve read a lot recently about it being harder to get a Chase business card without established business history. If this will be my first business card (my business is selling online via ebay ect) and my I’d probably only list my income about $750-$1000 is there anything I can do to increase my chances of getting approved?