April 30th, 2012

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Update: The offer mentioned below for the Platinum Card from American Express has expired. View the current offer here

I have several Chase Ink Bold business charge cards and I love them because not only do they provide big sign-up bonuses (50,000 valuable Ultimate Rewards points after $5,000 spent within 3 months), but they have great benefits, like 5 points per dollar spent on wireless/telecommunications services, cable and satellite television and radio services, office supply stores and wholesale distributors of office supplies.

However, one of the benefits that I never noticed, but TPG reader Grant recently brought to my attention, is free membership in The Lounge Club program, which includes two free lounge visits a year. The Lounge Club is very similar to Priority Pass and after a little research, I found out that they are owned by the same company. The only difference that I found was that Priority Pass has 650 participating clubs vs. 350 with The Lounge Club since United clubs are only a part of Priority Pass. I bet they created this new brand to be able to market the service to different cardholders, since American Express Platinum already offers Priority Pass access.

You can’t normally sign-up for The Lounge Club, so you need an invite landing page, which is www.loungeclub.com/inkcard. To get the promo code, call the number on the back of your Ink Bold card.

You will see a confirmation on the enrollment page indicating the free membership and two free entries a year. You’ll then have to sign up and include credit card information so they can charge you if you use the membership for more than two visits. It doesn’t specifically state you need to use your Ink Bold card, but it did only provide Visa/MasterCard options, so they will probably crosscheck to make sure you actually have an Ink Bold card.

Upon enrollment, you and your guest can enjoy access to all participating lounges in the LOUNGE CLUB™ network worldwide. After your first two complimentary visits to participating lounges, a fee of just US$27 per person, per visit will be charged for yourself and any accompanying guest(s).

JFK locations include Oasis and Korean Airlines lounge

I checked the directory and one of my favorite airport lounges for plane watching, The Oasis Lounge at JFK, is included which is nice because it is before security at JFK, so you don’t need a boarding pass to enter. Click here to browse the full list of lounges.

Overall, I think this is a great benefit on top of a card that’s already loaded with value – especially since the reasonable $95 annual fee is waived the first year.

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

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More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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.