UPDATE: As of June 2, 2014 this offer has expired
Chase has just announced an increased 60,000 point sign-up bonus for the Ink Bold and Ink Plus cards. The bonus is paid out after $5,000 is spent within 3 months. The bonus for the Ink Cash is $300 after $3,000 spent within 3 months, plus 0% APR for 12 months. It’s been almost a year since Chase ran a promotion this lucrative on the Ink cards, which usually have a 50,000 point sign-up bonus. If you’ve been thinking of getting an Ink card, now is a good time to do so, as we may not see another offer come around until next year.
What’s so great about Ultimate Rewards?
Ultimate Rewards are a valuable point currency issued by Chase. There are several ways to accrue Ultimate Rewards points, but getting an Ink card is the most lucrative at the moment. Points never expire and can be transferred to a variety of partners, including United, Southwest, British Airways, Hyatt, IHG Rewards Club, and Marriott to name a few. You can also use points to book travel directly through the Ultimate Rewards site, in which case each point is worth 1.20 cents, making the 60k sign-up bonus worth $720.
What 60,000 points gets you
You can transfer your points to a variety of partners. The most popular options are United for long-haul international flights, Southwest and British Airways for cheap domestic flights, and Hyatt for hotel stays. Below are a few examples of what you can do with 60,000 Ultimate Rewards points:
- A round-trip economy flight to Europe (United Airlines)
- $857 in Wanna Get Away Fares on Southwest Airlines
- 13 short-haul domestic flights under 650 miles (British Airways Avios)
- 12 nights at an IHG Rewards Club Pointbreaks hotel
- 2 nights at a top-tier Hyatt hotel, like the Park Hyatt Paris Vendome (30,000 points per night)
- 4 nights at a mid-tier Hyatt hotel, like the Hyatt Regency San Francisco (15,000 points per night)
- $600 in statement credits
- $720 towards travel booked through the Ultimate Rewards site
Ink Cardholders get a variety of perks:
- 5 points per $1 on the first $50,000 spent at office supply stores, cable, tv, and internet
- 2 points per $1 on the first $50,000 spent at gas stations and hotels)
- No foreign transaction fees
- Complimentary Lounge Club membership
Which Card is Best?
There are currently three cards to Choose from: The Ink Bold and Plus, which have a 60,000 point sign-up bonus, and the Ink Cash which offers $300 in cash back after $3,000 spent within 3 months. The Ink Bold has no preset spending limit, while the Ink Plus does. Both cards have a $95 annual fee that is waived the first year, the same category bonuses and no foreign transaction fees.
The Ink Cash has no annual fee, but does incur foreign transaction fees. In addition, category bonuses are paid out in cash back rather than points (i.e. 5% cash back at office supplies instead of 5 points, etc.) limited to the first $25,000 spent. For folks who don’t plan on going above this number and would prefer a cash back with no annual fee, the Ink Cash is the better option.
Already have an Ink Card?
Chase considers the Ink Plus, Ink Bold, and Ink Cash different products. This means if you already have the Ink Bold, you can apply for an Ink Plus or Ink Cash.
Along with the 100,000 mile Citi Executive AAdvantage card, this is probably one of the best credit card offers out there right now. No word on how long it will last, but if you hope to get in on the deal, you shouldn’t hold off too long.
Questions about this or other topics? Feel free to comment below or email us.
Ink Plus® Business Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Business
Ink Plus is a great business card with generous benefits. Not only does this card currently have one of the highest sign-up bonuses on the market, but earning points is easy with generous 2x and 5x payouts in several daily spend categories.
Complimentary annual airport club lounge access makes up for the $95 annual fee, which is waived the first year. Overall, this is an excellent card that can help generate lots of Ultimate Rewards points, which can be transferred at a 1:1 ratio and easily redeemed with partners like United and Hyatt.
- Named “Best for Travel Rewards for Small Business” MONEY® Magazine, October 2013.
- Earn 50,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards.
- Flexibility to pay your balance over time or in full.
- Earn 5X points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year
- Earn 2X points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.
- No foreign transaction fees.
- 1:1 point transfer to leading frequent travel programs with no transfer fees.
- $0 Intro Annual Fee for the first year, then $95