Since I have been getting many solicitations for the Ink card from Chase I was interested to see this assessment of the product in the Mouse Print section of consumerworld.com for March 7, 2011.

http://www.mouseprint.org/

"So, the real deal is that you only get 3% back in selected categories (gas, hardware, home improvement, dining, and office supply stores). Otherwise, this is really just a 1% card. And they seem to exclude superstores, discount stores, and warehouse clubs. Hmm, isn’t Home Depot a superstore or discount home improvement store?

And as to the claim that you get “unlimited cash back”, in fact they will limit your extra cash back in the 3% categories to just an extra $40 a month.

So what appeared to be a credit card offering a flat 3% back with no cash back limits, is nothing of the sort."

There is lots more at the link.