Both cards offer a $750 cashback bonus (awarded as 75,000 Ultimate Rewards points) for new cardholders who spend $7,500 on purchases within three months of being approved.
The previous offer was $500 (50,000 URs) back when spending $3,000.
I have both cards — and prefer the Ink Cash. It earns 5X on the first $25,000 spent in the following combined purchases each account anniversary year:
- internet, cable, and phone services
- office supply stores
It also fetches 2X on the first $25,000 spent in the following combined purchases each account anniversary year:
- gas stations
Everything else earns 1X.
I hold the Ink Cash simply for its 5X categories — which are great, especially for a no annual fee card.
The Ink Unlimited is fairly straightforward: every eligible purchase earns 1.5X.
Should You Take Advantage of These Welcome Offers?
Three of Chase’s Ultimate Rewards cards allow cardholders to redeem points at a bonus when booking trips through the Chase travel portal:
If you hold one of the above cards and can afford the $7,500 minimum spend, then the offers may make sense to you. You can transfer your 75,000 URs to one of your “premium” Chase cards and turn them into a nice bonus when purchasing travel: 112,500 ($1125) with the Chase Sapphire Reserve or 93,750 ($937.50) with the Chase Sapphire Preferred or Chase Ink Preferred. (And that doesn’t even take into account the points you accumulate reaching the minimum spend requirement!)
Not a cardholder of a Reserve or Preferred card? To be honest, I don’t love the 250% minimum spend requirement boost (from the previous welcome offer) awarding only 50% more points. My wife got the Ink Cash a few weeks ago — and I’m glad she did it then. We can make the $3000 minimum spend work. But $7,500 is out of our range.
Still, if it works for you, then go for it — and enjoy!
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