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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
- 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!
- Introduction to Chase Ultimate Rewards Program
- Maximizing Chase Ultimate Rewards with Chase Freedom
- Downgrading your Chase Ultimate Rewards Card to Avoid the Annual Fee
- Best Redemption for Chase Ultimate Reward Points – Hotel Stays
- Best Redemption for Chase Ultimate Reward Points – Air Travel
- Chase Sapphire Preferred vs. Chase Sapphire
- Chase Ultimate Rewards: Sapphire Preferred vs. Ink Bold ® Charge Card
- Top 10 Chase Ultimate Reward Questions
- 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.