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Updated June 7, 2016

Chase Ink Plus Review: 60,000 Bonus Points Worth $95?

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$95 annual fee may be too rich for some. But read on to see why many small businesses view the Ink Plus a must-have rewards credit card because of its amazing sign-up bonus and travel benefits.

Overall Score

3.9

Rewards

4.0

Interest Rates

3.5

Fees

3.5

Benefits

4.0

Airline Transfer Partners

4.5
5-point scale (the higher, the better)

Pros and Cons

  • 60,000 bonus points offer
  • No foreign transaction fee
  • $95 annual fee
  • No intro APR

Bottom Line

Excellent small business rewards card with travel-friendly benefits

Read this eye-opening review about the Ink Plus Business credit card.

In this detailed review, you'll learn:

  • How you can earn a jaw-dropping 60,000 bonus points.

  • The facts you need to decide whether the $95 annual fee is worth it.

  • How to take the guesswork out of Chase Ultimate Rewards, the portal you use to redeem your points and make purchases to earn even more. It's especially useful for travel.

Who the Ink Plus Is Best For

Some types of businesses can benefit from this card more than others. Fall under any of the following categories and the annual fee will be no big deal.

  • Businesses that will use this card often, especially at first: New cardholders earn 60,000 bonus points after spending just $5,000 within the first 3 months. This is a huge deal compared to many other signup offers. 60,000 points can be worth $750 if you redeem them through the Chase Ultimate Rewards portal for a travel purchase.

  • Businesses with travel needs: In addition to getting a 20% discount when points are used to book travel through Ultimate Rewards, you can transfer points (on a 1:1 basis) to airline transfer partners like United Airlines or Southwest Airlines.

  • Businesses that spend a lot at office supply stores. Whether you are shopping for office furniture, printer ink, or pens, you can score 5 points per $1 on the first $50,000 you spend in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.

Chase Ink Plus Benefits

In the Chase family of “Ink” business credit cards, the Ink Plus is the muscular older child. Though it offers more robust rewards than its no-annual-fee “little brother” (the Ink Cash), Ink Plus cardholders have to spend a lot more to take full advantage of its beefier benefits, like the bonus points. The Ink Plus may be too rich ($95 annual fee) for the blood of some sole proprietors and micro-businesses, but for companies that routinely incur five figures’ worth of business expenses per year, it’s practically a “must have.”

Good to know: Unlike the Ink Cash card, the Ink Plus does not offer an introductory 0% APR for 12 months on purchases and balance transfers. Of course, this is a non-issue for cardholders who pay their entire balance each month.

At first glance, the reward categories offered by the Ink Cash and Ink Plus cards appear remarkably similar – but there are subtle differences. The main advantage of the Ink Plus lies (mostly) with the size of the rewards and the higher spending limits.

For example:

  • While the Ink Cash offers a $200 bonus after you spend $3,000 in 3 months from account opening,
  • the Ink Plus offers a 60,000-point bonus offer after you spend $5,000 in the first 3 months from account opening (worth $750 toward travel when you redeem through Chase Ultimate Rewards).

The Ink Plus also doubles the annual purchase amounts that qualify for 5 points tier and 2 points tier – from $25,000 for Ink Cash to $50,000 for Ink Plus.

In addition, Ink Plus cardholders can take advantage of a 1:1 point transfer to more than 20 frequent flyer programs.

Purchase Protection: Other benefits that Ink Plus cardholders will enjoy include: $0 fraud liability protection; purchase protection; auto rental insurance; travel insurance; and rewards that never expire.

Here is how the two cards compare side-by-side:

 

Chase Ink Plus

Chase Ink Cash

 

Interest Rates and Fees

Introductory APR for PurchasesN/A0% Intro APR for 12 Months
Introductory APR for Balance TransfersN/A0% Intro APR for 12 Months
Purchase APR15.49% to 19.49% Variable based on your creditworthiness and other factors13.49% to 19.49% Variable based on your creditworthiness and other factors
Balance Transfers APR15.49% to 19.49% Variable based on your creditworthiness and other factors13.49% to 19.49% Variable based on your creditworthiness and other factors
Annual Fee$95 annual fee$0 annual fee
 

Benefits and Features

Cash Back Deal Introductory Bonus Cash Back: Earn $200 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
Points DealIntroductory Bonus Reward Points: Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards® 
Cash Back Cash Back Rewards: Earn 5% cash back 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.
Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
Earn 1% cash back on all other card purchases with no limit to the amount you can earn
AirlineAirline Rewards: 1:1 point transfer to leading frequent travel programs at full value - that means 1,000 Chase Ultimate Rewards points equal 1,000 partner miles/points 
HotelHotel Rewards: Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year. 
PointsPoint Rewards: Earn 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.
Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn.
 
TravelTravel Rewards: 1:1 point transfer to leading frequent travel programs with no transfer fees. 
GasGas Rewards: Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.Gas Rewards: Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
Restaurant Dining Rewards: Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines and more 

Chase Ink Plus: Pricing information including interest rates, benefits and fees were obtained on March 15, 2016 from published websites and are believed to be accurate, but not guaranteed.

Chase Ink Cash: Pricing information including interest rates, benefits and fees were obtained on May 20, 2016 from published websites and are believed to be accurate, but not guaranteed.

Disclaimer: The information for the Ink Plus® Business Credit Card and Ink Cash® Business Credit Card have been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Signup Bonus

How about earning that jaw-dropping bonus?: If you spend $5,000 on your card within the first 3 months from account opening, you receive 60,000 bonus points. These 60,000 extra points are good for $600 in cash back (or $750 toward travel when you redeem through Chase Ultimate Rewards).

Chase Ink Plus Business Card Benefits

Reward Program

When you make a purchase using the Chase Ink Plus business credit card, you earn reward points. You earn 1 point for every $1 you spend on most purchases. There is no annual limit to the number of points you can earn and they don't expire. The big plus comes with being able to earn more points in certain categories.

You earn 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.

You earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year. If you hit the $50,000 threshold, you'll earn the regular 1 point per $1 rate until the next account year.

You can convert your points into a variety of rewards. You can also turn your points into cash. For every 100 points you earn, you can get $1 in cash back.

This rewards program applies to your card as well as to any Ink Plus cards for your employees.

Travel Benefits

Foreign Transaction Fees: The Chase Ink Plus Business Card offers a couple other nice benefits for frequent travelers. This card does not charge foreign transaction fees. If you go outside the country, most credit cards charge an extra 3% fee on your purchases. You don’t have to worry about that with the Chase Ink Plus Card.

Get more out of this Ink Plus: You have two ways of scoring a deal when you book travel with this card. You can use your points to book a trip through the Chase Ultimate Rewards' shopping portal and get a 20% discount on your travel purchase. Or you can transfer your points (at a 1:1 ratio) to several frequent flier airline transfer partners and hotel rewards programs including United, British Airways, Hyatt, and Marriott.

Pros

  • Earns rewards points on all purchases. Earns bonus points on a variety of business and travel expenses.
  • Converts points into travel rewards or cash back. Allows you to move your points to other travel reward programs.
  • 60,000 bonus points after you spend $5,000 in 3 months from account opening.

Cons

  • $95 annual fee
  • No introductory APR
  • Limits the bonus rewards rate to the first $50,000 in combined purchases in each rewards tier.

Bottom Line

Earn 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year. Earn 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year. Earn 1 point per $1 on all other purchases-with no limit to the amount you can earn.

The Ink Plus Business Card is a superior choice for companies that regularly incur tens of thousands of dollars in business expenses, especially on office supplies, telecom services, business meals and international travel.

Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

Just the introductory bonus offer alone is enough to help justify the cost of the annual fee for more than 6 years. When you combine that with the generous rewards program, the Chase Ink Plus Business Credit Card is a fantastic deal.

Follow @CreditDonkey or write to David R at davidr@creditdonkey.com
David R is a contributing writer at CreditDonkey, a credit card comparison and financial education website. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers make savvy financial and lifestyle decisions. (read more)

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase.

Disclaimer: This content was first published on September 7, 2012. This content may have been updated on June 7, 2016. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

Disclaimer: The information for the Ink Plus® Business Credit Card and Ink Cash® Business Credit Card have been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Preferred® Card

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The Business Platinum Card® from American Express OPEN

SimplyCash Plus Business Credit Card from American Express

SimplyCash® Plus Business Credit Card from American Express


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