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Great Limited Time Deal (EXPIRED): 60,000 Points For Chase Ink Bold and Plus; 25,000 Points for Ink Cash and Classic

by on June 16, 2013 · 72 comments

in Chase, Credit Cards

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Update: The offers mentioned below for the Chase Ink credit cards has expired. View the current offers here – Ink Plus, Ink Bold, Ink Cash.  

From June 16-22 Chase is increasing the sign-up bonus on the Ink Bold and Ink Plus cards to 60,000 Ultimate Rewards points when you spend $5,000 in 3 months and the $95 annual fee is waived the first year. The normal offer is 50,000 points, so this is a nice 20% increase.

The sign-up bonus on the no-annual fee cards is also getting a nice 25% increase – Ink Cash and Ink Classic cards increase from 20,000 to 25,000 points when you spent $3,000 within the first three months.

The Power of Chase Ultimate Rewards
The Ink Bold and Ink Plus allow you to transfer points to United, British Airways, Southwest, Korean Air, Virgin Atlantic, Hyatt, Marriott, Ritz-Carlton, Priority Club and Amtrak. The Cash and Classic are cash-back cards, which means that the points can be used for statement credit/gift cards/travel expenses. However if you also have a premium Ultimate Rewards cards like the Sapphire Preferred, Ink Bold or Plus or card you can combine all of your Ultimate Rewards points and then transfer them to partners, making them much more valuable.

5x/2x Categories
Beyond the sign-up bonuses, the Ink cards are great because they allow you to earn 5 points per dollar at office supply stores and on cellular phone, landline, internet and cable TV services. The Ink Bold and Plus have a limit of $50,000 per year at the 5x rate (1x thereafter) and the Cash/Classic cap the 5x bonus at $25,000.

They also offer 2x points at gas stations and hotel accommodations (when booked directly through the hotel). The Ink Bold and Plus have a limit of $50,000 per year at the 5x rate (1x thereafter) and the Cash/Classic cap the 5x bonus at $25,000.

Value of Ultimate Rewards
Chase sells Ultimate Rewards points for 2.5 cents apiece, but I personally value them at about 2 cents apiece, because I can routinely get at least that much when transferring (instantly) them to my favorite partners United and Hyatt.

United is my favorite, because they are a Star Alliance partner, meaning I can transfer points and then book award tickets on over 30 different partners, like Lufthansa First Class to Europe for 67,500 miles one-way and ~$50-$70 in fees. These flights can easily exceed $4,000 each way so United miles allow me to fly a product I wouldn’t otherwise pay for with cash, which is why I love miles in general. Eating caviar across the Atlantic on a seat you shelled out ~$70 in cash for is a pretty good feeling!

Flying in style: Lufthansa first class on the 747 upper deck Frankfurt-Miami

Flying in style: Lufthansa first class on the 747 upper deck Frankfurt-Miami

United also has great domestic availability because they partner with Air Canada and US Airways (until they merge with American). I often use 12,500 miles for one-way coach or 25,000 miles for business class tickets New York-Los Angeles, both of which can be very expensive tickets. United is installing all lie-flat beds in their transcon business class and they open up a ton of availability- especially last minute, so being able to transfer Ultimate Rewards have been a lifesaver on more than one occasion.

Hyatt
I love transferring Ultimate Rewards to Hyatt, because it only costs 22,000 Hyatt Gold Passport points to book at their top tier Park Hyatt properties, which often go for over $1,000 a night. A $1,000 room night at 22,000 points means you’re getting over 4.5 cents per point.

I just transferred 88,000 points to book a 4-night stay at the Park Hyatt Sydney for my first trip to Australia next year, which would have been over $900 a night. I was also able to transfer 44,000 points for two nights at the Park Hyatt Maldives, which was over $1,100 per night. So even though I could have booked a cheaper property if I were paying in cash, being able to transfer my Chase points to Hyatt has allowed me to book top-notch properties that I normally wouldn’t be able to afford.

The Park Hyatt Vendome in Paris is affordable with Hyatt Gold Passport points

The Park Hyatt Vendome in Paris is affordable with Hyatt Gold Passport points

Sign-up Bonus Value
Conservatively at 2 cents a point, the 60,000-point sign-up bonus is worth about $1,200 in value and the 25,000-point bonus is $500 – pretty incredible since you don’t pay an annual fee for the first year on the Ink Plus or Bold ($95 thereafter) and none ever on the Ink Cash and Classic.

However, even if you don’t transfer the points to partners, Chase allows you to book any flight/hotel at 1.25 cents per point through Ultimate Rewards travel, so the 60,000-point sign-up bonus at a minimum is worth $750. The 25,000-point sign-up on Cash/Class is worth $250 in statement credit.

Which to Get?
If you’ve never had a Chase business card, I’d go for the 60,000 point sign-up on the Ink Plus. The Bold and Plus have nearly identical benefits, except Ink Bold is a charge card (no pre-set spending limit, but you have to pay off in full every month) and the Ink Plus is a credit card (you can pay off over time, albeit with high interest fees). Since I pay off bills every month to avoid huge fees it doesn’t really matter, but if for some reason you ever need to carry a balance, the fees/surcharges are lower on the Ink Plus, so that’s why I’d get that card. I actually have both since I have separate businesses and like to keep my expenses separate.

Chase doesn’t have any published rules on how many cards you can get. You can get more than one Ink card and you will get the sign-up bonus if approved for a card as long as you haven’t had that exact card in the past.

Lounge Passes
Both cards also give cardholders complimentary Lounge Club membership. It’s sort of like Priority Pass membership where you pay to join and then each time you visit a lounge, you pay a day pass fee. Lounge Club has 350 VIP airport lounges worldwide and membership is priced at $150 per person per year. Ink Bold and Ink Plus cardholders get two free lounge passes per year and then after that, they will have to pay the usual $27 per person per visit fee.

Related Ink Posts:

Top 10 Benefits of the Ink Bold and Ink Plus Cards
A Detailed Look at Ink Bold Benefits You Might Not Know About
Maximizing Chase Ink Bonus Spending Categories
Maximizing the Ink Office Category Bonus Spending
Maximizing the Ink Bold’s 5X Spending Bonuses With Gift Cards
Maximizing Ultimate Rewards With the Chase Ink Cards
Chase Ink: Which Card Is Best For You
Can You Get Both The Ink Bold and Ink Plus?
Ranking the Top Business Credit Cards

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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  • ADA

    amazing deal alert!!!!!!!!!!!!!!!!!!!!!

  • thepointsguy

    Ha, not quite **amazing** (would have liked to see 75-100k for that), but really good nonetheless

  • geoff

    BTW, for those that recently enrolled Chase allows the 60K bonus after meeting $5K min spend. They told us this am(wife and I) to simply SM them after spend threshhold met and they will add 10K(or 5K depending on card).
    Nice. Back to PHV we go…..

  • GWS

    Thanks for this alert! Is there a chance of the Ink or Bold reaching 75-100k sign-up bonus in the future?

  • thepointsguy

    Highly doubt it

  • Cheska

    Hi! I got the Chase Ink Bold in late April and will meet the min spend next week.. Is this still considered recent and eligible for the match? Thank you!

  • thepointsguy

    Most likely.. Within 90 days you should be fine, but you need to ask and they’ll tell you for sure

  • Allison

    So are you saying if I’ve never opened one of these cards I can get the 60k and the 25k if I apply for both of them today?

  • thepointsguy

    It is possible to get two cards approved in one day, but it depends on your credit and relationship with Chase. To be safe I’d apply for 60k first and hope for auto approval and then call the reconsideration line and tell them why you’d need a second card. But yes, it is possible, but only Chase can guarantee approvals :-)

  • Alix

    If I applied for a credit card (BoA Hawaiian) three weeks ago and have ~750 credit score, should I apply for this or is it too soon?

  • Peter

    Does the 2 browser trick work with Chase? I.e. can you sign up for the Ink Bold and Ink Plus on the same day and only get your credit pulled once? Or would Chase even let you sign up for both?

  • Joseph

    I have both bold ink and bold plus (both are mastercard) already. Can I apply for bold plus visa as a different product? Thanks.

  • Bill

    Don’t see any mention of the Lounge Club. Do two free club visits and Lounge Club membership come with this offer?

  • robster

    Could an unmarried couple living at the same address apply for one each and both get the bonus? Our Chase accounts are not linked in any way but I figured there may be a “one per household” limit?

  • Brian(J)

    Robster,
    yes absolutly, I have both INK’s and my wife has one. Between us we have 10 cards from Chase and one large pile of points. The offers are per person.

  • ap

    this is a great offer but not everyone has a business.

  • thepointsguy

    Yep- even married couples at the same address can get their own cards

  • thepointsguy

    Yep- lounge club passes come with Bold/Plus and classic

  • Ed

    Got a pending message. Should I call in? It’d be my first business line with Chase, although I do have another with Amex.

    I have relatively high utilization on my personal accts right now since I decided to put some home improvements on 0% for 12-15 mos and sit on the cash – will that impact?

  • AKCredit

    Can someone give me a link to a MasterCard version?. I looked at MasterCard website and couldn’t find it. I spend a lot at Sams club (10K+ a month) and would like a master card version. Thanks in advance.

  • slickmouse

    I applied for this card 3 days ago when it was only 50k miles, along with 2 other personal cards. I received pending approval so I called today. They wouldn’t tell me anything about the status of my applications except that two were denied and one is being reviewed (I assume because I submitted more than one application. I didn’t realize the other two were through Chase). I have a 750 credit score and an existing card with Chase that is paid off every month. I also asked if I’d be eligible for the 60k reward since I just applied – assuming I’m approved and she said No. Not very happy :(

  • thepointsguy

    Ask again once approved via secure message- others have reported success being matched to the 60k

  • thepointsguy

    The Ink Cards are MasterCards http://www.thepointsguy.com/go/inkbold

  • thepointsguy

    You can call- can’t hurt

  • thepointsguy

    True, but you don’t need an LLC or anything fancy to get approved for a business- you can use a social security number and apply as a sole proprietorship, even for the smallest of businesses

  • thepointsguy

    I don’t believe there are Visa Ink Cards.. you can get the 25k bonuses on Cash/Classic, though.

  • thepointsguy

    Pretty sure they will pull it twice regardless. But you can still get two cards in a day

  • thepointsguy

    You should be fine- you have a great score and a non-Chase card. There is no rule about applying for cards within a certain amount of time, so I’d get in on this deal while it is increased if you want an Ink card

  • Peter

    Thanks BK! So my fiancé and I could get 120k points each potentially! Off to Europe for our wedding! Does this mean we owe you an invite? :)

  • james.lindon

    Maybe all you have is a fake business just to get the points!

  • james.lindon

    Yeah, make one up and get your points LOL !!!

  • slickmouse

    Ah – No – I actually have a business, An actual LLC – but thanks anyway.

  • slickmouse

    Thank you – I will. If not – missing out on 10k miles isn’t the end of the world :)

  • Rich

    How far back do you think chase will go matching the 60k offer ?
    6 months ??

  • skiwindham

    Have both INK cards using my actual EIN #. Can I get them again and use only SS# as a sole entrepreneur?

  • vortix

    Will Ink business card applications show up as inquiries on my personal credit report? Planning to apply for a mortgage soon, and I don’t want credit card apps to get in the way.

  • thepointsguy

    Yes- it will be an inquiry on your personal credit but once the account is opened it will sit on your business credit report

  • thepointsguy

    I don’t believe so- pretty sure it is one bonus per card no matter how many businesses you have, though maybe someone else can chime in with their experience

  • thepointsguy

    I think 90 days is general rule of thumb but it never hurts to ask

  • AKCredit

    Thank you TPG

    One last question,How are my chances are of getting 3 Biz cards for three different Businesses?

    You see we have 3 family biz accounts and all with Chase. And all 3 account we have 7 checking accounts and 1 savings. My dad has one personal account and CSP and UMP (5k each) cards with chase.My dad is the owner and we spend close to 15k a month on each biz. Also my family has over 20+ chase accounts. Thanks in advance.

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  • Music1

    Hi, thank you for your helpful posts! I just tried to call the chase business reconsider line, both time they’ve told me that there is nothing they can do to help me speed up the application on the phone, instead i would need to wait for an respond by postal mail in two weeks. I’ve never been told this on my personal card applications, should I try to call again or is there really nothing they can do over the phone? Thank you!

  • vortix

    You’ll be fine. Chase’s unofficial policy is to grant you the publicly available offer if you ask them within 90 days of your initial application.

  • Jeremy

    Seems like Chase is now taking good notes on calls to the reconsideration line. I twice called back after an initial call today (trying to get different reps) and was told “I see noted in your account that you called several minutes ago. Please wait 10 days to two weeks and you’ll receive written notification”

  • Shoenew

    Does the 3 month period start from the day you are approved or the day you activate the card?

  • Eric

    I applied for the Ink Bold in late May and got the 50K bonus. Today I called, and they said they’d match me to the new 60K bonus! Thanks! Question: With such a recent approved Ink Bold application (<30 days ago), do you think chase will approve an Ink Plus card for the same business? My justification would be I want to be able to carry a balance.

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  • http://www.discoverbuenosaires.com/ DaVe

    Same thing here. They told me to wait and see.

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  • scotty

    Actually, when I called the credit reconsideration line, the rep told me I had “103 days” after approval to make my spend goal on the no-fee Ink Classic card.

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  • dean

    Data point: opened bold 5.5 months ago, denied addtl. points. applied for Plus, in review. called, said they can do NOTHING to expedite any longer. Said they will process in order received and only then can call reconsid. line

  • JimN

    Hi TPG, if I don’t have a business, am I able to get this card? I used to have Chase Sapphire Preferred card, but have switched to SPG two months ago.

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  • dean

    From talking with the CSR, it seems like almost nobody is getting the instant approval. In short, they will sift thru the apps and dole out acceptances to those they deem “good applicants”. In short, I’m feeling the “free ride” for sign-up bonuses is in the early/infancy stages of becoming much harder to come by for those trying to churn for the sign-up bonuses.

  • Jana Harrell Daley

    I had the same situation – only I was even closer in time. My letter of approval is actually dated 6/17 (within the bonus period). Can I ask what number you called?

  • YeaChase

    I was able to get adjustments for two recently acquired INK cards but for my third one I got a message that they will only do the points match for cards opened within the past 90 days.

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  • Jane

    I believe it’s from the date applied, but they actually give you 100 days from the time you apply, which allows time for your card to be delivered. For instance, I applied for my card on June 19, and the CS representative told me that I had until Sept. 30 to meet minimum spend requirements.

  • raionz

    First time poster, finally took the plunge and applied for the Chase Ink Bold after reading your blog but it did not go through smoothly. Today I got the letter from their fraud department stating they were unable to verify authorizing officer ssn, last name, address and date of birth. Request to provide them with the above information via mail.

    I filled the application as a sole proprietorship with 1 employee. Is this normal? Should I call in or give up?

  • thepointsguy

    Weird.. many people have gotten it as sole prop with 1 employee. Seems like the app was missing key info. I think you should be able to provide and still get approved. Worst case is you don’t get approved and if you don’t provide the info you won’t get approved anyway, so might as well try in my opinion.

  • raionz

    Quick update and some new questions!
    Did as you suggested, provided info and was approved instantly!

    I read that Chase has a nasty habit of closing down accounts they deem ‘perk abusers’ and recommendation that you spread out the spending on the Ink Bold.

    But i recall one of the agreement during the application was that we agree that the card was not to be used for personal or household expense.

    Other than utilities, fuel, vehicle maintenance, office supplies, what other categories are ‘safe’ to spread spending to?

    Are amazon payments and the chase gift cards red flags?

  • raionz

    Bump for a response!

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  • Somebody

    So, what you are saying, that by using your UR points, you are paying about $220 per night for your $1000 hotel room, while you could have reserved something very reasonable for $125-150 per night in cash (I just checked prices for those hotels that have Tripadvisor rating above 4.

    Indeed, the deal is great, if you need or want that luxury room. You are getting the highest value per dollar spent. But it is far from being optimized for the bottom line cost.

  • MjO

    can I pay off another credit card with ink bold to go towards my 5K in 3 months?

  • Kumar

    No

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