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Chase is targeting some business cardholders with an offer to earn 5,000 bonus points when spending $5,000. While an extra 1x might not sound like a huge bonus, it can greatly enhance your earning potential and could affect which is your best card for everyday spend.
There also seems to another, less common offer that gives an extra 15,000 bonus points when spending $15,000. Both offers can be repeated up to three times for a total of either 15K or 45K additional points.
We’ve seen this offer reported on all of the Ink cards, as well as the Marriott and Hyatt business cards. It’s most likely showing up on some other co-branded business cards as well.
The Deal
- Earn up to 15,000 bonus points. Activate to earn an extra 5,000 bonus points for every $5,000 you spend — up to 15,000 bonus points — on all business purchases made with your Chase business card between May 1, 2023 and July 31, 2023.
- An alternate (and seemingly less common version offers 15,000 points with $15,000 spend which can also be done three times for a total of 45,000 points.
- Direct link to try registering for this promotion.
Key Terms ($5,000/5,000 offer)
- You will qualify for and receive your bonus if you make Purchases with your credit card that total an amount at or above the specified target amount during the promotional period.
- Purchases posted to your account with a transaction date during the offer period are eligible for this offer. Delays by the merchant, such as shipping, could extend the transaction date beyond the offer period.
- Please allow up to 8 weeks after qualifying for bonus points to post to your account.
- (“Purchases” do not include balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.)
- Bonus can be earned 3 times during the promotional period for a total maximum bonus points accumulation of 15,000 bonus points.
- To qualify for this bonus offer, account must be open and not in default at the time of fulfillment.
Quick Thoughts
A reader gave us a heads up about this promotion following an email he received from Chase, but it’s worth checking the link above to see if you’re targeted even if you didn’t receive an email about it. I tried registering my all of my Chase business cards without success, but my wife’s Ink Cash card had the offer on it despite her not receiving an email encouraging her to register for the promotion.
Now that she’s registered for it, for every $5,000 we spend on her Ink Cash card she’ll earn 5,000 bonus Ultimate Rewards. If all that spend were to be done at office supply stores, that would mean we’d be earning a total of 6x which is an incredible return, especially if it was done when Office Depot/OfficeMax and/or Staples are offering deals on Visa and Mastercard gift cards. Even better is that this offer can be done up to three times for a total of 15,000 bonus points.
This targeted deal is being offered for other Ink cards too which can result in some interesting earning potential. For example, the Ink Business Preferred earns 3x Ultimate Rewards in the following categories; spending $5,000 turns these into 4x categories:
- Shipping purchases
- Advertising purchases made with social media sites and search engines
- Internet, cable and phone services
- Travel
This spending offer could also affect which card you use for everyday spend. The Ink Business Unlimited card earns 1.5x Ultimate Rewards on all spend. For every $5,000 you spend, you’re therefore earning 2.5x. Somewhat similarly, the relatively new Ink Business Premier card earns 2x Ultimate Rewards on all spend, so $5,000 spend makes that 3x. The slight downside with the Ink Business Premier though is that the Ultimate Rewards you earn can’t be transferred to travel partners.
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0/4 on Inks for me and also 0/1 on my United Biz. Oh well, I am working on another Amex Biz Plat SUB right now anyway.
I got it this year on my Southwest business card. Last year I got it on my Ink Cash and Southwest. Maxed the Cash spend easily. Didn’t really try on Southwest.
Heads up – May not be 6x; On my Bus. Ink Cash, I have a 25K max per year at Office supply for 5x. If this has already been reached – offer will not be 6x.
“ Purchases posted to your account with a transaction date during the offer period are eligible for this offer. ”
To clarify: Does that mean even purchases made before you registered will count? Sort of like the Chase Freedom quarterly registration?
I got 15Kfor 15K spend on INk plus
me too, 3x15k for 3x$15k spend, total 45k for 45k spend.
Got it on business unlimited. Nice, but I’d prefer to have gotten it on Ink Cash.
I used the link and got offers on two of three of my INK cards for 15,000 points for $15,000 spend up to $45,000 spend
Does a single purchase of 15k work to get 15k bonus? Trying to see if it makes sense to pay tax with my ink card.
Wouldn’t you just get 2 ppd on a $15K tax payment? Effectively buying the points at 0.925cpp (assuming the 1.85% fee to make the payment).
True, but if you have it on the Ink Unlimited — I just checked and P2 does, for example — then $15K at 1.85% fee costs $277.50, but at 2.5 rather than 2 points per dollar, that’s 2.5 x 15,000 = 37,500 points, plus 277.50 x 2 = 555 points, or 38,000 and change total. In terms of transfer to Hyatt points, that’s south of $40/night for Category 1s, and a Category 8 (think Park Hyatts) at less than $300 night.
The unspoken issue here is letting the IRS hold this money for maybe a year or more if we are talking about a 1Q payment and you don’t really need to make the payment. With one-year CDs north of 4%, this “trick” loses out on more than $600, so that Park Hyatt night is becoming more like $900 again.
Conclusion: On an Ink Unlimited, this is a good play, but if and only if you actually have to make the tax payment. Otherwise, as MS, it’s a pass.
A payment made today could be for 2022 Q4. File quickly and get the money back ASAP. For me, it’s a normal Q4 quarterly. However, the other factor is the cost of acquisition. Using my B of A PR card makes a profit of $123 on a tax payment of $15,000. So, the “cost” of the points goes up since I’m giving up the cash in hand.
Gotcha. Alas, we did just did 4Q earlier in the week on P2s new other Ink card, to make the sub — and that one turns out not to have been targeted for this offer.
I got the offer on my Business cash and am already 10 grand in. Perfect timing for this offer for me.
Thanks! No e-mail, but the link confirms I’m eligible. Not sure I’ll be able to make the spend, but worth a shot.
I got the offer on the primary card, but would purchases by an AU card apply if the card numbers aren’t the same?
I’m not certain, but I would’ve thought they would. If you load a Chase Offer to a business card, the statement credit gets triggered even when using an AU card which has a different card number, so I suspect the same thing will be the case with these types of spending offers.
that’s awesome, thanks for the data point. I already spent $2K for visa gift cards last week with $1K under an AU, so this week if I buy $3K with just the primary, I can see if the bonus is triggered
0 for 5 ink cards
Does the $5,000 have to be in one transaction like the Amex offer in the past?
Nope – it’s good on cumulative spend.
Does it count on the specific bonus categories the card offers or spend in any category?
It’s for every $5k spend in any category.
I got it on my Ink Cash which is great for Visa GC purchases. My wife liquidates them at the grocery store so to speak. I don’t have a good card for groceries.
I also got it on my Southwest Performance Business
I don’t see what the excitement is. It would take 25 x $200 Visa cards to hit $5,000 and then trying to liquidate them which isn’t easy. I got it on 3 Ink Cash cards, but I doubt I’ll participate.
You mean liquidating isn’t easy for you. There are many of us this does not apply to. And since we are doing it in this volume + it’s a 20% bonus for many of us to whom this applies.
Hey Allan, what state do you live in? My main source of liquidation dried up. Haven’t been able to participate in a year now.
If you don’t have an easy way to liquidate them then I can understand your apprehension about this deal. For people who can liquidate them easily though, you can buy five fee-free Visa or Mastercard gift cards at a time when Staples has that offer, so spending $5,000 is only five purchases.
wish i knew an easy way. My local grocery store ended that process last year.
There are no Staples in my state, only Office Depot. I buy a few when OD has a deal on the fees, but buying enough to take advantage of this deal is another matter altogether. And I’d be glad to hear how to liquidate 25 x $200 cards. The few grocery stores remaining that even allow debit to be used for a money order require a chip based card with a name and matching ID.