Chase Ink Business Cash Credit Card Enhancements Unveiled, Making It Even More Appealing
Every now and then, a stroke of good fortune can come your way unexpectedly. It could be something as simple as finding the perfect parking spot when you’re running late or having your luggage be the first one off the airport carousel. And for those in the business world, the announcement of improvements to a credit card without any increase in fees can certainly be considered a fortunate turn of events.
For those eyeing the Ink Business Cash® Credit Card, luck was on their side on March 21, 2024, at 6 p.m. Eastern Time. The issuer revealed substantial enhancements to this already impressive no-annual-fee business credit card. Here’s what’s new:
- Tiered Welcome Bonus: The welcome bonus has been revamped to make it easier for cardholders to earn cash back sooner. The updated offer allows for up to $750 cash back. Earn $350 cash back after spending $3,000 on purchases within the first three months of opening an account, and an additional $400 cash back after spending $6,000 in the first six months. This is a significant improvement from the previous offer of $750 bonus cash back after spending $6,000 in the first three months.
- First-Year 10% Relationship Bonus: For a limited time, cardholders can receive a one-time 10% bonus on all eligible cash back earned in the first year if they also have a Chase Business Checking account on their first card anniversary. This offer is exclusive to Ink Business Cash cards opened between March 17 and Nov. 17, 2024.
- Automatic Credit Limit Increase Assessment: The issuer will now review card accounts at least every six months to determine if cardholders qualify for a credit limit increase.
While these updates are certainly enticing, the card’s existing rewards and protections remain unchanged. The Ink Business Cash Credit Card continues to be a top choice for business owners due to its tailored rewards and comprehensive insurance coverages. The recent enhancements have only served to elevate the card’s appeal even further.
Ongoing Rewards and Benefits
When it comes to ongoing rewards, the Chase Ink Business Cash Card offers:
- 5% cash back on the first $25,000 spent on combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year.
- 2% cash back on the first $25,000 spent on combined purchases at gas stations and restaurants each account anniversary year.
- 1% cash back on all other purchases.
- 5% cash back on Lyft rides through March 2025.
Additionally, the card provides valuable travel and shopping benefits, including:
- Primary Auto Rental Coverage: A rare feature for a no-annual-fee card, this benefit offers primary rental coverage, which can result in significant savings for frequent car renters.
- Purchase Protection: Eligible new purchases made with the card are covered for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account.
- Extended Warranty Coverage: Cardholders can receive an additional year of warranty on eligible warranties of three years or less.
- Access to Travel and Emergency Assistance: In times of need during travel, cardholders can access a support hotline for legal, medical, or emergency assistance.
- Roadside Dispatch: Assistance is available for services like tire changes, towing, and gas delivery, with fees charged to the card.
If you’ve been contemplating adding the Chase Ink Business Cash Card to your wallet, the recent enhancements announced in March 2024 have undoubtedly increased the card’s appeal.
It’s important to note that the rewards earned on this card are technically Chase Ultimate Rewards points, which can be redeemed as cash back at a rate of one cent per point. However, combining your rewards with a premium Chase card such as the Ink Business Preferred® Credit Card opens up additional redemption options.
By pairing the Ink Business Cash with the Ink Preferred and pooling your rewards, you can unlock opportunities for more valuable redemptions, including travel bookings through Chase Travel or transfers to over a dozen airline and hotel partners at a 1:1 rate. This strategic approach can significantly enhance the value of your rewards, providing you with even more benefits and flexibility.
With the recent updates and the potential for enhanced rewards, the Chase Ink Business Cash Credit Card has solidified its position as a top choice for savvy business owners looking to maximize their benefits and savings.
Please note that card details are accurate as of the publish date and are subject to change at the discretion of the issuer. Contact the card issuer directly to verify rates, fees, and benefits before applying.
