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I product changed by old Ink Plus card to the no annual fee Ink Cash because I didn’t need Ink Plus. Ink Cash still earns 5 points per dollar at office supply stores as well as on phone, internet, and cable tv spend.
Points from no annual fee Chase cards don’t transfer to airline miles, they’re worth cash at one cent per point. However you can transfer the points to a Chase card whose points transfer to miles, and thus increase their value.
You absolutely want one Chase card whose points transfer to miles:
- Ink Business Preferred℠ Credit Card has an 80,000 point signup bonus after $5000 spend within 3 months. It earns 3 points per dollar on travel — that’s airlines, hotels, rental cars, tolls, even Uber — and 3 points per dollar on shipping and advertising on social media and search engines, so great for anyone who advertises on Facebook or Twitter, or who spends money advertising with Google.
- Chase Sapphire Preferred Card lets you earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. With a $0 annual fee the first year, then $95, I suggest that as the number on card to get started with in miles and points. The card earns two points on travel and dining at restaurants and 1 point per dollar spent on all other purchases worldwide.
- Chase Sapphire Reserve Card 50,000 point signup bonus after $4000 spend within 3 months; triple points on travel and dining; Priority Pass Select membership with free guests; $300 travel credit.
Then the no annual fee Chase cards become even more valuable, Chase Freedom with its 5 points per dollar in rotating categories, Freedom Unlimited with 1.5 points per dollar on all spend, and Ink Cash.
The downside to Ink Cash as part of this strategy? 5 points per dollar earning is limited to the first $25,000 combined spend each cardmember year in eligible categories. In contrast Ink Business Preferred℠ Credit Card earns 3 points per dollar on the first $150,000 in combined purchases on travel, shipping purchases, Internet, cable and phone services, and on advertising purchases with social media sites and search engines each account year. (You also get $600 in cell phone protection by paying your cell phone bill with the card.)
I didn’t get a signup bonus for my Ink Cash. Right now via Doctor of Credit there’s a 50,000 point bonus after $3000 spend within 3 months. That’s the best offer I’ve seen for this card, and but for 5/24 limits on approvals it would make me wish I had waited to product change my Ink Plus.