Chase Ink Bold® Charge Card Launched – 50,000 Bonus Points

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UPDATE: This card is no longer available to new applicants.

The Chase Ink Bold® Charge Card is now offering 50,000 points after spending $5,000 on the card within the first three months. Additionally, the $95 annual fee is waived for the first year.

This is a charge card, so you must pay off your balance in full. This credit card is linked to the Ultimate Rewards program, where you can transfer at a 1:1 ratio to: United, British Airways, Korean Airways, Southwest, Virgin Atlantic, Singapore Airlines, Hyatt, Priority Club, Marriott, Ritz Carlton, and Amtrak. I have detailed the other benefits and redemption opportunities below. Application link for the Chase Ink Bold® Charge Card

Card Advantages:

  • Earn up to 5x points per $1 on business expenses up to a maximum of 200,000 bonus points/$50,000 spent  (business expenses include: wireless communication services, cable and satellite television and radio services, office supply stores and wholesale distributors of office supplies)
  • Earn 2x points per $1 at gas stations, hotels and motels up to a maximum of 50,000 bonus points/$50,000 spent
  • Earn 1x points per $1 on all other purchases
  • No foreign transaction fees
  • Free additional cards (the primarily card holder will receive all the points)
  • Airport lounge access to over 350 VIP lounges worldwide. First two visits per year are free, then $27 per person.

Chase Ultimate Rewards: This card, similar to the Chase Sapphire Preferred card, is tied to the Ultimate Rewards program. Many of you might have seen this program advertised recently as they had some major bonus point offers through their online shopping mall during the Thanksgiving time period. These points can also be combined with the points earned from the Chase Sapphire Preferred credit card (similar card with no foreign transaction fees, but does not give 5x bonus points on business spend). The points earned from this card can be redeemed in a variety of ways.

  • Transferring to a partner airline/hotel: You can transfer your Chase points at a 1:1 ratio to United, British Airways, Korean Airways, Virgin Atlantic, Singapore Airlines, Hyatt, Priority Club, Marriott, Ritz-Carlton, and Amtrak. This will typically give you the biggest bang for your buck, as 50,000 points gets you pretty close to a free economy class ticket to Europe (60K on most airlines). Essentially 50,000 points can be valued at about $1,000.
  • Pay for travel: You can use your points to redeem free travel with their travel booking services. This allows you to pay for anything travel related (car rental, cruises, etc.). There are no black out dates and you can earn frequent flyer points for the selected travel reward program. For preferred card holders (which this card is), you will get a 25% bump when redeeming in this type of travel. Therefore, 1 point = 1.25 cent towards the purchase of your travel. This means that 50,000 points is equal to a cut and dry $625. This works similar to American Express’s Membership Rewards travel services.
  • Cash Back: Instead of redeeming for travel, you can use your points to receive cash back. 1 point = 1 cent cash back. The 50,000 points will then equal $500. Not the best redemption, but it is the bare minimum you will receive.
  • Gift Cards/Entertainment: Again, not a great redemption ratio, but you can redeem your points for various gift cards or entertainment opportunities. The value of the 50,000 points is determined on your selection.

If you are a high spender and the bulk of your spend is not on the 5x bonus categories, you might find that the Chase Sapphire Preferred card is in fact better as it gives you 2x points on dining and travel. I will put another post together on the pro’s/con’s of each of the three cards – stay tuned!

Related Posts:

Key Links:

  • Chase Ink Bold® Charge Card: 50,000 points after spending $5,000 within the first three months. $95 annual fee waived the first year. Application link
  • Chase Sapphire Preferred: 40,000 points for new applicants after spending $4,000 within the first three months + 5,000 points for adding an authorized user and the user makes a purchase within the first three months. $95 annual fee waived the first year. Application link; Prior blog post detailing credit card benefits

Disclosure: This post contains affiliate links. As always, thanks for supporting the blog and enjoy traveling on a deal.

Pingbacks

  1. […] As was speculated last week, the Chase Ink Bold card has in fact changed. The bonus offer of 50,000 points has stayed the same, but some of the benefits have altered significantly (some for the better, some for the worse). To receive this bonus you must spend $5,000 on your card within the first 3 months. Additionally, the $95 annual fee/year is waived for the first year. This is a charge card, so you must pay off your balance in full. This credit card is linked to the Ultimate Rewards program, where you can transfer at a 1:1 ratio to: Continental, United, British Airways, Korean Airways, Hyatt, Priority Club, Marriott, and Amtrak. I have detailed the other benefits and redemption opportunities below. Application link for the New Chase Ink Bold Credit CardSource: boardingarea.com […]

  2. […] UPDATE: The Chase Ink Bold credit card has been updated as of 11/28/11 and has new/different features. The new card does not include bonus points based on hitting a certain spend threshold, but does include 2x points on hotels and gas and 5x points on certain business spend. The Chase Sapphire Preferred card has not changed. To see my post detailing out the new card, click here. […]

  3. […] As was speculated last week, the Chase Ink Bold card has in fact changed. The bonus offer of 50,000 points has stayed the same, but some of the benefits have altered significantly (some for the better, some for the worse). To receive this bonus you must spend $5,000 on your card within the first 3 months. Additionally, the $95 annual fee/year is waived for the first year. This is a charge card, so you must pay off your balance in full. This credit card is linked to the Ultimate Rewards program, where you can transfer at a 1:1 ratio to: Continental, United, British Airways, Korean Airways, Hyatt, Priority Club, Marriott, and Amtrak. I have detailed the other benefits and redemption opportunities below. Application link for the New Chase Ink Bold Credit CardSource: boardingarea.com […]

  4. […] As was speculated last week, the Chase Ink Bold card has in fact changed. The bonus offer of 50,000 points has stayed the same, but some of the benefits have altered significantly (some for the better, some for the worse). To receive this bonus you must spend $5,000 on your card within the first 3 months. Additionally, the $95 annual fee/year is waived for the first year. This is a charge card, so you must pay off your balance in full. This credit card is linked to the Ultimate Rewards program, where you can transfer at a 1:1 ratio to: Continental, United, British Airways, Korean Airways, Hyatt, Priority Club, Marriott, and Amtrak. I have detailed the other benefits and redemption opportunities below. Application link for the New Chase Ink Bold Credit CardSource: boardingarea.com […]

  5. […] New Chase Ink Bold Credit Card: This is an entirely new credit card launched by Chase this week. This card is tied to the Ultimate Rewards program which has really been hyped up lately, especially with their amazing online shopping portal! The old Ink Bold card is no longer available, but those that already have that card are not affected. The new card still has the same 50,000 bonus offer, and has some great enhancements – no foreign transaction fees, 5x points on select business spend, and 2x points on gas and hotels. The annual fee of $95/year is also waived for the first year. Card application link. Blog Post […]

Comments

  1. To receive this bonus you must spend $5,000 on your card within the first 3 months

    Q: If i do $5,000 balance transfer to pay my other CC bill, will this fulfill the bonus requirement?

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