After a swirl of rumors about a possible devaluation, it's official: the 5x points earning on office supply stores for Chase Ink Plus and Ink Cash cards is here to stay. As of June 17, 2026, Chase has confirmed there are no changes to these lucrative bonus categories, giving small business owners and points maximizers a sigh of relief.
Our Take
Good news for points maximizers and small business owners. The 5x earning at office supply stores is one of the most valuable and flexible bonus categories in the credit card world. Keeping this intact means cardholders can continue racking up Ultimate Rewards points at a rate that's hard to beat—especially given our 2.05¢ per point valuation.
What Changed
- No change: 5x points per $1 at office supply stores remains on Chase Ink Plus and Ink Cash
- No change: 5x points per $1 on select telecom services also remains
- Effective immediately: No devaluation or category removal is planned
Who Benefits Most
- Small business owners spending $10,000/year at office supply stores: Earn 50,000 Ultimate Rewards points, worth ~$1,025 by our valuation
- Gift card resellers: Buy third-party gift cards at office supply stores and earn 5x points, potentially generating $2,050 in value per $20,000 spent
- Tech upgraders: Purchasing laptops, printers, or other tech for your business nets 5x points, turning a $2,000 spend into 10,000 points (~$205 value)
- Chase Ultimate Rewards enthusiasts: Those who pair Ink Cash with a Chase Sapphire Preferred or Reserve can pool points for premium travel redemptions
Who Should Be Cautious
- Personal spenders without business cards: This 5x category is only available on business cards; personal cards like the Chase Freedom Flex do not earn 5x at office stores
- Those who don't shop at office supply stores: If your business doesn't need office supplies or gift cards, this bonus category won't add value
- Big spenders over $25,000/year: The 5x category on Ink Cash is capped at $25,000/year (then 1x), so ultra-high spenders may hit the limit quickly
What To Do Right Now
- Review your Chase Ink Plus or Ink Cash card to confirm you’re maximizing the 5x office supply category
- Consider consolidating office supply and telecom purchases onto your Ink card to boost rewards
- If you don’t have an eligible card, consider applying for the Chase Ink Business Cash or Chase Ink Business Preferred while the 5x category remains
- Pair your Ink card with a Chase Sapphire Preferred or Reserve to unlock higher-value travel redemptions
