We earn 5 points per dollar on groceries with our Chase Ink Cash. If you spend as much as we do on groceries, this can be a LOT of points. Plus, these points are worth up to two cents each. That equals up to 10% back on our groceries!
Here are the three things you need to know:
1) Grocery Store Gift Cards
The Chase Ink Cash does not actually earn 5 points per dollar at grocery stores. It earns five points per dollar at office supply stores, including gift card purchases. Office supply stores sell tons of gift cards, including grocery stores. We purchase Safeway gift cards online at Staples, but our local OfficeMax sells Albertsons gift cards as well.
This is a bit of a two-step process, purchasing grocery store gift cards to purchase groceries. But, for the 10% we earn toward our Disney vacations, it’s worth it.
2) Redeeming Points
The Chase Ink Cash is part of the Ultimate Rewards family. The points are redeemable for cash at a value of one cent per point. If you only have this card, you’ll be getting 5% back with this strategy.
However, if you have the Chase Sapphire Preferred or another annual fee card, you can transfer the points to 11 travel partners. These include Hyatt, Southwest Airlines, and many others. At Hyatt, the points are worth about 2.0 cents each. At Southwest, they’re worth 1.6 cents each. When you transfer points, you can double their value.
3) Business Credit Card
The no annual fee Chase Ink Cash is classified as a small business card. But, you don’t need much to qualify. If you have a blog like this one, sell on Etsy, eBay, or sell some essential oils on the side, you’re likely to qualify.
This is not a strategy for someone just starting to think about points. But, for someone who’s willing to go the extra mile to get a free or significantly discounted Disney vacation, it can save a lot. We take 2-3 trips a year to Disney or Universal and never pay for flights or hotels with strategies like this one.
You can read more about this card on our Chase Ink Cash Review.
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