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Chase Launches 50,000 Point Sign-up Bonus for Ink Bold

by on September 22, 2011 · 40 comments

in Chase, Credit Cards, Ultimate Rewards

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Update: The current offer for the Ink Bold is 50,000 points after you spend $5,000 within 3 months.

Chase just officially launched a new 50,000 point sign-up bonus for their Ink Bold with Ultimate Rewards business card when you spend $10,000 within 3 months and the $95 annual fee is waived for the first year.

These Ultimate Rewards points, which are the same as the Sapphire Preferred (Personal) points, can be instantly transferred at a 1:1 ratio to Continental, British Airways, Korean Air, Hyatt, Marriott, Priority Club and Amtrak. Chase is extremely flexible with these programs and allows you to instantly transfer points to other Chase member’s Ultimate Rewards accounts, which allows for maximum flexibility when pooling a group or family of people’s points together to make a trip happen.

The key differences between this and the Sapphire Preferred card (which also has a 50,000 point bonus – Update: offer is now for 40,000 bonus points) are:
The Ink Bold is a charge card, which means there is no pre-set spending limit (which is the flexibility that many businesses require).
The Ink Bold is a business card, which means that it is secured by your personal credit (they will run an inquiry against your SSN), but it will sit on your business line of credit, meaning it won’t show up on your personal credit reports after you get it.

The Ink Bold also has category bonuses:

Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, on cable and wireless service, and landline communications
Earn 2X points
per $1 on the first $50,000 spent annually on gas and hotels

Additionally, the new card will give Priority Pass membership and waive foreign transaction fees.

Additionally, if you have Chase Business checking accounts, having an Ink Bold card attached will waive any monthly fees (so you don’t have to require a minimum monthly balance).

The Ink Bold card also has a bunch of interesting technologies that makes business bookkeeping a lot easier – like automatic categorizing of expenses and electronic receipt keeping – I’ll cover more of those in a future post.

The great thing is that this is a business card, so even if you’ve had a bunch of personal cards from Chase this year, you should be eligible to get this card and the sign-up bonus. You don’t need to be incorporated or have an LLC to get this card – you can list sole proprietership and use your SSN as the Tax ID number. Many people have small businesses – heck this site started out as a sole proprietorship before I made it an LLC when it started growing. In fact I still have an old Chase Business Checking account from the Continental checking account gravy train days.

I’m not recommending people to apply for this card who has no intentions of starting a business, but I can recommend (as a small business owner) that keeping all business finances separate from personal funds is a good thing to do even in the very early stages of creating your business.

Overall, this is a solid deal since these points can be easily combined with your existing Ultimate Rewards points and transferred to all three alliances and hotel partners. Remember, there are some phenomenal awards out there that these 50,000 points can get you – like 2 free nights at the Park Hyatt Maldives or a one-way Cathay Pacific business class ticket to Asia with a stopover in Hong Kong (via British Airways until they change their program November 16, 2011).

Full details:

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • Maury

    So basically you are saying that if we have no intentions of using this for a business, then we should not be applying for it?

  • Anonymous

    I have no control over what people so if someone wants to get this card solely for the points, then that is up to them! I don’t judge ;-)

  • http://twitter.com/trentswanson Trent Swanson

    So much competition out there for minimum spend over next few months.. What’s more valuable, 75000 AAdvantage miles (via Citi) for 4K spend, or 50000 UR points for 5K spend? Assuming that foregoing both of these to plow toward the $30K BA Chase companion first class ticket on BA is still the best approach? All of these offers have minimum spend deadlines rapidly approaching.

  • Anonymous

    Very good point.. I knocked out the AA cards early in the summer so I’m glad I don’t have those thresholds to hit. Honestly, I think the AA offer will expire before this one so I’d probably go towards getting that squared away and then getting this one. I wasn’t given an expiration date on this one, which makes me think (hope) it will be around for a while.

  • orlandojoe

    Just to be clear, the 50K Ultimate Reward points I could get with the INK card can be transferred to the Ultimate Rewards account I have with the Sapphire Preferred personal card?

  • Anonymous

    Yes. In fact my friend had a couple thousand points left over in her Freedom account that she was never going to use so I transferred them to my Ultimate Rewards account- all done online and in an instant.

  • http://twitter.com/trentswanson Trent Swanson

    2 more value points of the overall Chase UR system: 1)A random sample of 3 items purchased on UR shopping portal today offered considerably more bonus points than any other shopping portal 2) Points credit reliability: Stamps.com and Pitney Bowes bonus points posted to UR holding account within 48 hours of purchase.

  • http://twitter.com/trentswanson Trent Swanson

    agree.. hoping this offer still valid at year end

  • Shahyan Ahmad

    Since this is a charge card, does it mean a less stringent credit check and less score risk upon cancellation later?

  • Anonymous

    I’d say it’s the same. Your reported credit line will be the highest balance you’ve ever had so you’ll lose that available credit if you ever close it

  • Doug

    I was denied for my last Chase card due to too many recent applications (I dont have any Chase business cards). I’ve opened 4 personal cards in the past 6 months. Are we fairly certain there should be no issue opening a business card?

  • Eric

    I second Doug’s question. Put in another way, do this fall within the “30-day” chase rule? I just applied for a Chase Freedom card last week. I wonder how long I should wait?

  • http://www.facebook.com/people/Lizzy-Cat/100002072624375 Lizzy Cat

    Oh this card is great

  • Anonymous

    If one doesn’t apply for one’s next “sensational” offer with spending trigger
    until near completion of one’s current “sensational” offer’s trigger to avoid
    “abnormal” spending pressure overlaps, is only risk “missing out” AKA next offer expires…?

  • orlandojoe

    This is a quote from the 50K Ink offer T&C. Worrisome in that I have two other Chase personal (not business) cards and have got big bonuses from each in the last year. I did use them both for more than just the amount required for the bonus so perhaps that mitigates given the emphasis on that in the T&C. Should those of us in a similar situation be worried? How will we know whether or not we are qualified for the bonus – could we check before applying?

    Here is the section to which I’m referring in the T&C

    “If applicable, Chase cardmembers who currently have or have had a Chase credit card in any Rewards Program associated with this offer or have received a similar bonus offer, may not be eligible for a second Chase credit card in the same Rewards Program, or for any bonus offer. Chase cardmembers currently receiving promotional pricing, or Chase cardmembers with a history of only using their current or prior Chase card for promotional pricing offers, are not eligible for a second Chase credit card with promotional pricing.”

  • Jim

    This not new, links to this offer have been available for weeks. Maybe just new now here, that distributing and commissionable referral accounts have been set.

  • Benthelefty

    On a non Chase Ink note I applied for the visa business (still active according to FT). I got bombarded by questions on my small business (which I do have unofficially; that is it’s not registered w/ my Chamber of Commerce or whatever…) and Citi refused to finalize the account until I show proof of address w/ my business name on the front (which I don’t have). Should I let this app slide away or what? I really don’t know what to do…

  • eddie

    $5000 spend for 50k? Count me out!

  • PJ

    confirmed: I redeposited the redeemed ~100K Ultimate Rewards points after taking the cue from Brian and later transferred into my daughter’s Sapphire Preferred ( a puppet card per se) on which I am an Authorized User

    I thought you need to be an AU on the Sapphire Preferred when you want to transfer Freedom points to Sapphire Preferred. Is the rule now loosened up ?

  • PJ

    i let my daughter use my Citi AA Amex to max out the SPEND for their new cental AC unit. Originally I planned for the worst: I was going to pay 2.75 % on property tax to pocket the 75K

    personally i think CIti AA 75K for 4K spend is better

  • Ri Zheng

    Self Employee works fine on Citi.. by sending in your utility bill, Chase might grill you with questions….

  • Always Travel

    I can’t figure out how to transfer points online from my Chase Freedom account to my husband’s Chase Sapphire Preferred? I only see the option to merge points together from two of your *own* accounts. Would you please explain how to do this?

  • PJ

    If you can handle the spend, get both cards. the credit decision from Chase is completely irrelevant from decision from Citi.

  • anon

    i’ve had 3 chase rewards cards (BA, Sapphire, Conti) this year. Does that mean I shouldn’t even try to get the Ink/Business card? FYI I was blacklisted from Chase for a number of years because of overly enthusiastic usage of the 0%/$0 fee balance transfer options that were so prevalent half a decade ago

  • Alan Fowler

    Can you transfer Chase Flexible Rewards to Chase Ultimate Rewards?

  • Anonymous

    As long as you have good credit and accounts in good standing, I don’t see why you wouldn’t be able to get the Ink Bold- its a completely different product than your personal credit cards. Just be prepared to show proof of business in case they ask

  • Anonymous

    Which cards get Flexible Rewards? I know Freedom points can transfer to Ultimate Rewards because I did it last week

  • Dewhit6959

    Good Point Joe
    Having other Chase accounts, I’m not crazy about getting into a phone call/email exchange AFTER the spend to get something that may or may not be given. The same amount on another card gets me closer to guaranteed bonus miles without the possible back and forth.

  • Benthelefty

    That’s what I selected I thought, but I still got grilled about it. They were asking about if I had articles of incorporation and what not. I need proof of incorporation or something. I’m going to call again and try and speak with another rep. Other thoughts?

  • Benthelefty

    At $3k I can navigate pretty well in 3 months…5k is a little tougher though (don’t worry, I already expense everything on my credit card…). Still mulling it (and the Citi one is a little snag up).

  • http://millionmilesecrets.com/ Million Mile Secrets

    Tell them that you are a sole proprietor and that your state doesn’t require sole proprietorships to be registered (I don’t know which state you’re in so check first). Not all businesses have to be incorporated.

  • Jeff

    So I have the original INK with my business. How do I go about getting this offer as an upgrade? Any advice?

  • Benthelefty

    I spoke with a rep the second time around with that information, and it was still a no-go. They are asking for proof of business in a mailing or something else which I don’t have. Guess that’s not happening for me then…I can re-apply for the card using my other LLC and I should be okay (I probably should have done that in the first place!)

  • Jon Gray

    After earning the 50,000 point bonus, any idea if it will be easy to switch the card to an Ink Classic? No annual fee and I would love to throw my gas (2x points) and cable/wireless (5x points) on it. As long as those points are transferable to my sapphire preferred account (which I would assume is the case)…

  • Jtgray

    FYI – I just received a targeted offer in the mail for the Ink Bold, with the 50,000 point bonus after first purchase (no spend requirement). I applied for and was approved for the Sapphire Preferred about 5 weeks ago.

  • JF

    Still alive, was just approved after calling the reconsider line! Thanks Mr. Points!

  • Nycjm

    It seems like Chase changed the terms regarding linking the Ink card to you Business checking account. They told me that now they waive business checking account fees only after $1000 spend on the card per month. Can anyone else confirm regarding new accounts??

  • James

    i’m a sole proprietor, with a fein.
    whe applying, should the ss# or fein be used to apply for business card ?

  • Randy

    I would like to get the Ink Bold for my business and also get two Chase Saphire cards (one for me and one for the wife). I would like all three now but realize this may not happen. My question is if i get the two Saphire cards will i also be able to get the Ink card, since the Ink card is for business?

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