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

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

Million Mile SecretsThis 5X Card to Go Away, the No-Fee Version Will StayMillion Mile Secrets Team

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Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

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 Business Cash Credit 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 Business Cash Credit Card

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 $300 cash back (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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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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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?

Author
Million Mile Secrets

If it is an established business, there is more likelihood, but I’ve heard reports of $5K minimum revenue.

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?

Author
Million Mile Secrets

Yes, it does. But if you have the Ink Plus, you get the higher redemption amount.

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!

Author
Million Mile Secrets

Yes, you can pool points together with the Chase Ink Preferred.

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.

Author
Million Mile Secrets

Yes, that is possible!