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Reminder: Chase Ink 60,000-Point Offers End Tomorrow

by on June 21, 2013 · 14 comments

in Chase

Update: The current offer for the Ink Plus and Ink Bold is 50,000 points after $5,000 spent in 3 months. 

Last Sunday, Chase announced limited-time higher sign-up bonuses on all four Ink cards. 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. 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. These offers are just live until tomorrow, Saturday, June 22, 2013, so if you haven’t done so yet, apply now. I’m not 100% sure when the offer will be pulled down, so if you want to get in on this deal don’t wait around.

I actually just applied for another Ink Plus card yesterday (I already had it and the Ink Bold) for a new small business that I started, so I’m looking forward to a nice points haul myself. Chase doesn’t have any published rules on how many cards you can get or if you can get the  same business card for different businesses so it might be possible that 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. I have asked Chase for an official position on this and haven’t heard back yet, so there’s no guarantee, but I will report on my experience, and if you have done this please comment below.

If you are still on the fence about applying and think that 60,000 bonus points isn’t quite enough to entice you since it’s only 10,000 points more than usual, I would just caution you that we don’t know what the post-promo bonus will drop to. It could be just back to 50,000 points, but it could be lower. So don’t just assume “it’s only a 10,000 point bump”, because the sign-up could drop to below 50,000 once this deal is over.

Value of the Offer
In case you’re wondering just what 60,000 Ultimate Rewards points will get you, remember that if you have the Ink Bold or Ink Plus (or Sapphire Preferred) Chase will 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 one or more of those premium Ultimate Rewards cards, you can combine all of your Ultimate Rewards points and then transfer them to partners, making them much more valuable. For ideas on how to use your Ultimate Rewards points best with each partner, check out this post from earlier next week on Ways To Maximize Each Ultimate Rewards Transfer Partner and this post where I Rank Chase Ultimate Rewards Transfer Partners.

I value Ultimate Rewards points at at least 2 cents apiece – though I usually get much more value out of them when transferring them to United, British Airways and Hyatt – so each Ink Bold/Plus bonus alone is worth over $1,200 in my estimation – especially since their $95 annual fee is waived the first year.

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

I love using my Ultimate Rewards points for premium redemptions like First Class on Lufthansa.

For examples of what I mean, check out this week’s Maximize Monday post on What Will 60,000 Ultimate Rewards Get You? including how to use them for business class tickets to Europe and Asia on carriers like Lufthansa, ANA and Singapore; expensive short-hauls on British Airways and partners like American; upgrades on Virgin Atlantic, and some ultra-expensive premium Hyatt redemptions.

Other reasons I love the Ink cards are their bonus spending categories – which really allow you to rack up tons of bonus points. You 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.

Earning 5X points at office supply stores is a great reason to carry these cards.

Earning 5X points at office supply stores is a great way to rack up points.

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.

So which one should you 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. Not only that, but just in case I need to negotiate the credit lines I have with Chase to get my application approved, it will be easier to do so with the Ink Plus since the bank can preset its spending limit, which it will not with the Ink Bold.

For more background on the Ink cards, why they can be such valuable travel credit card products, and how to make the most of Ultimate Rewards points, check out these posts: Top 10 Benefits of the Ink Bold and Ink Plus CardsA Detailed Look at Ink Bold Benefits You Might Not Know AboutMaximizing Chase Ink Bonus Spending CategoriesMaximizing the Ink Office Category Bonus SpendingMaximizing the Ink Bold’s 5X Spending Bonuses With Gift CardsMaximizing Ultimate Rewards With the Chase Ink CardsChase Ink: Which Card Is Best For YouCan You Get Both The Ink Bold and Ink Plus?Ranking the Top Business Credit Cards

If you’re going to do a round of applications because of these offers, here are the other current top bonuses to keep in mind.

 

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author.s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

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  • Nhrca1065

    I called the Ink Bold business line and they said I would not qualify for the 60,000 bonus if I already had an Ink Bold card for another business, since I am not a first time cardmember. This makes sense when you look at the offer details, but I wanted to find out for sure. “This one-time bonus offer is valid only for first-time cardmembers with new accounts. Previous and existing cardmembers/accounts are not eligible for this bonus offer.” I would love to know if you get the sign up bonus anyways!

  • Michele Youell

    I activated my new Ink card a few days before Chase raised the bonus to 60k. I called to see if I could get those extra 10k in points once I met the 5k spending requirement and they said they would do that.

  • CR

    Just apply for the Ink Plus, it’s a credit card version of the Ink Bold and since it is not the same product you will definitely get the sign up bonus

  • Mindray

    Applied for the card earlier today, was not immediately approved. This is my first experience which Chase in which I was not immediately approved. I was immediately approved last year for the Ink Plus card. I called the reconsideration line and was told that due to the volume of the applications that were submitted this week that there was nothing I could do to expedite my request and that I would get a notice in the mail about my status within two weeks? I’ve never heard of people calling in and not being able to expedite over the phone?

  • carpetoday

    Same thing happened to me today… Any advice?

  • thepointsguy

    This is normal- due to high volume they aren’t doing instant reconsiderations. Give it time to process on its own- you may get approved without any hassle

  • carpooltunnel

    Same experience, Mindray. In fact, the representative sounded a tad frustrated that I was calling on the same day as my application. But he did explain quite clearly that it was because of high volume that they were not doing immediate reconsiderations.

  • carpooltunnel

    Brian, this is my first Chase app (ink bold), and I was not instantly approved. I’m wracking my brain to think of why. I have two new cards from January, one of them business, and my credit score is still in high health. The only thing I can think of is the question of my business which is consulting and freelance work for the entertainment industry. Essentially there’s nothing on my business credit report that will stand out, and my income and everything else is all in line. I suppose I might have been better off not selecting “other” for business type, but I didn’t know what else to put. Any ideas?

  • jjjj

    Applied for ink plus for 1st time,no instant approval, called in 2 days later. got approved on phone no questions asked.I dont have any biz.

  • Simon

    What happens if I get applied during the promotional period but approved after the period? Would it be 50,000 points or 60,000 points?

  • Martin

    It would be 60,000.

  • Martin

    They said the same thing to me.

  • Martin

    If you were approved within the last 30 days, the current promotion applies and yes they will credit you 10,000 bonus points.

  • Pingback: Chase Ink 60,000-Point Offer Extended To Monday, Two More Days To Apply | The Points Guy

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