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(EXPIRED) Business owners may appreciate that May 02-08, 2021 is National Small Business Week. Chase Ink cardmembers can enjoy limited-time redemption bonuses through May 31, 2021, in celebration. The Ultimate Rewards can be worth more on Apple and gift cards.

ink redemption bonus apple
Take advantage of the limited-time Ink redemption bonus and get more value for Apple products and gift cards, like on a new iMac. Credit: Apple

Editor’s Note: Some of the offers below may have expired or are no longer available on our site. 

(Expired) Chase Ink Business Preferred (and Ink Plus)

The Chase Ink Business Preferred® Credit Card and the discontinued Chase Ink Business Plus Credit Card have these perks:

  • 25% redemption bonus (1.25 cents each) on Apple products through the Apple Ultimate Rewards Store
  • 10% savings on select gift card redemptions (i.e., Target, Lowe’s, and Staples)

Normally, the 25% redemption bonus is only for award travel redemptions on the Chase Ultimate Rewards travel portal.

The Ink Business Preferred is one of the best Chase business credit cards.

Limited-Time Chase Pay Yourself Back Redemption Bonus

Through September 30, 2021, these cards also have bonus Chase Pay Yourself Back redemption options. Cardholders can redeem points for 25% more (1.25 cents instead of 1.00 cents each) for purchase statement credits on these purchases:

  • Home improvement stores
  • Shipping
  • Select charity donations

The previous Pay Yourself Back benefits for office supply stores and advertising expired at the end of 2020.

Ongoing Chase Ink Business Preferred Rewards

In addition to these limited-time redemption bonuses, the Ink Business Preferred continues to earn up to 3x Ultimate Rewards on the first $100,000 in combined purchases for these purchases:

  • Shipping
  • Social media and search engine advertising
  • Internet, cable, and phone services
  • Travel

Non-bonus purchases earn 1 point per $1.

New cardmembers can also earn a signup bonus of 100,000 Ultimate Rewards ($1,250 award travel value) after spending $15,000 in the first 3 months. The annual fee is $95.

Related: How Hard Is It To Get the Chase Ink Business Preferred?

Chase Ink Business Cash and Ink Business Unlimited

The 2 Chase Ink credit cards with no annual fees (the Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card also have an Apple and gift card redemption bonus.

  • 5% bonus on Apple purchases through Apple Ultimate Rewards Store
  • 10% savings on select gift card redemptions

Normally, each Ultimate Rewards is worth up to 1 cent each. Your Ultimate Rewards are worth 1.05 cents each for Apple purchases and 1.10 cents each for participating gift cards during the May promotion.

You will need to make sure you pay with Ultimate Rewards points instead of cash to enjoy the enhanced value.

Ongoing Benefits

Both of these cards offer a signup bonus of the ability to earn $750 cash back after spending $7,500 in the first 3 months.

The better card depends on your earning preference. The Chase Ink Business Unlimited earns 1.5% back on all purchases.

Meanwhile, the Chase Ink Business Cash earns 5% back on office supply stores and internet, cable, and phone services (on the first $25,000 then 1% back.) Gas station and restaurant purchases earn 2% back on the first $25,000 then 1% back. Non-bonus purchases earn 1% back.

Each card also offers primary rental car collision and theft coverage for business purposes. New purchases can qualify for up to $10,000 in purchase protection (up to $50,000 per year).

Related: The Ink Preferred vs Ink Unlimited: Which Business Credit Card is Better?

Chase Sapphire Redemption Bonuses

If you happen to have the Chase Sapphire cards, these cards also have several benefit extensions that add value to the Ultimate Rewards for the Pay Yourself Back categories.

There are also benefit extensions for the Peloton and Chase Dining benefits.

Summary

The Apple and gift card redemption bonuses can be a great opportunity to upgrade the office and get more value from stacking Ultimate Rewards. These points are usually worth more for award travel. But as business travel is still relatively sluggish, these redemptions can be a great alternative.

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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

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