Many people are confused if the Chase Ink Cash and Ink Unlimited cards earn points or cashback. On our website we state that they earn points but if you go on Chase’s website they state that it earns cashback. So which one is accurate?
The answer is that the cards earn regular Chase Ultimate Reward points just like any other Chase branded card. But the only way to redeem the points is via cashback (a penny per point).
However, this is only true if you only have an Ink Cash or Ink Unlimited card. If you also have other Chase cards then you can redeem the points in many other ways as well, including transferring them to airline and hotel programs. Here are the details.
Transfer to airline and hotel programs
If you also have the Chase Sapphire Preferred Card, Chase Sapphire Reserve, or the Ink Preferred Card, then you can transfer your points to one of these cards and then transfer your points to any of the following Chase Travel Partners.
Airline partners:
| Transfer Ratio | Transfer Time | |
| Aer Lingus, AerClub | 1:1 | Instant |
| Air Canada, Aeroplan | 1:1 | Instant |
| British Airways, Avios | 1:1 | Instant |
| Emirates, SkyRewards | 1:1 | Instant |
| Air France/KLM, Flying Blue | 1:1 | Instant |
| Iberia, Iberia Plus | 1:1 | Instant |
| JetBlue, TrueBlue | 1:1 | Instant |
| Singapore Airlines, KrisFlyer | 1:1 | 12-24 hours |
| Southwest, Rapid Rewards | 1:1 | Instant |
| United Airlines, MilagePlus | 1:1 | Instant |
| Virgin Atlantic, FlyingClub | 1:1 | Instant |
Hotel partners:
| Ratio | Transfer Time | |
| Hyatt, World Of Hyatt | 1:1 | Instant |
| IHG, Rewards Club | 1:1 | 1 day |
| Marriott, Bonvoy | 1:1 | 2 days |
Chase Travel
If you only have the Ink Business Cash Credit Card or the Ink Business Unlimited Credit Card then you can get 1 penny per point for Chase Travel.
If you also have the Chase Sapphire Reserve then you can transfer your points to the Reserve and redeem them at 1.5 cents per point on Chase Travel.
If you also have the Chase Sapphire Preferred Card or the Ink Preferred Card then you can transfer your points from your Ink Business Cash Credit Card or Ink Business Unlimited Credit Card to one of these cards to redeem 1.25 cents per point on Chase Travel.
On Chase Travel you can book almost any flight, car rental, hotel, and more.
Pay Yourself Back
You can also Pay Yourself Back by paying for purchases on your card and offsetting the purchases with points. If you only have the Chase Sapphire Preferred Card then you can get 1 cent per point. If you also have the Ink Business Cash Card then you can get 1.1 cents per point. And if you also have the Chase Sapphire Reserve or the Ink Preferred Card then you can get 1.25 cents per point. (These are new values as of January 2023)
This can only be done on purchases within certain categories, and Chase constantly changes the eligible categories. Current categories until 03/31/22 are:
Chase Sapphire Cards
- Gas stations
- Groceries
- Annual fee (on the Sapphire Reserve)
Chase Ink Cards
- Internet and cable
- Phone services
- Shipping
You can also transfer your points to someone else's account
It’s important to note that even if you do not have a better Chase card you can transfer your points to your spouse’s, friend’s, etc. accounts as well.
Chase only allows transferring points to someone else’s account if the person is linked to your account. The person is only eligible to be linked to your account if both you and the second party do not have anyone else linked to their account. So before you attempt to transfer your Chase points to someone else’s account you need to make sure that both you and the person you’re transferring the points to do not have anyone else linked to their account. If any of you already have someone linked then you need to first contact Chase to delink the current person and only then will Chase allow you to link a new person.
Recently, there have been issues transferring points to someone else’s account online. In many cases, this can only be done by phone by speaking to the Chase Ultimate Rewards department.
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