What’s the Difference Between the Chase Ink Bold and Chase Ink Plus?

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This is post #10 of a series regarding the Chase Ultimate Rewards program.

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Awhile ago a reader emailed me with this question:

“I am looking to apply for either the Chase Ink Bold or Chase Ink Plus card. The bonus points are the same upon approval and the virtually look the same, but am I missing something? Why would someone apply for one over the other? Which one would you recommend that I apply for?”

Unfortunately, the Chase Ink Bold is no longer available to new applicants, so the only option really is the Chase Ink Plus. However, those that already had the Chase Ink Bold can still use the card to earn and redeem points. Ultimately, the two cards are very similar as long as you pay your balance in full every month. The points for all your purchases are the exact same, the annual fee is the exact same, and the benefits that come with the card are the exact same.

However, for those that do not pay their statement balance off every month, there are significant differences, but quite honestly, I probably wouldn’t recommend either of these cards if that is the case. Cards where you can earn a decent number of points and miles typically come with a high interest rate, and having that rate typically is not worth the points and miles you earn. So here is the difference:

  • Chase Ink Plus: The Chase Ink Plus is a credit card which means you are allowed to carry a balance on your card.
  • Chase Ink Bold: The Chase Ink Bold is a charge card which means you must pay your balance in full each month. With that said, this card comes with no set spending limit. Your credit limit adjusts with how the card is used as well as your payment history. Also, because there is no set credit limit, when calculating your credit the balance is not included (this is the amount of debt vs. available credit).

So which card should should you use?

  • If you are going to pay off your card in full every month… then it really doesn’t matter, either will work
  • If you think you might need to carry a balance a month here or there… then only use your Chase Ink Plus (but remember, I am not recommending carrying a balance!)
  • If you want no pre-set spending limit… then use your Chase Ink Bold card

I personally have both cards and use them both to keep track of purchases for different needs.

Sign Up Offer:

  • Chase Ink Plus card: 60,000 bonus points with $5,000 spend in 3 months; $95 annual fee.
  • Chase Ink Bold card: No longer available to new applicants

 

Card benefits:

  • Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • Earn 2X points per $1 on the first $50,000 spent annually at gas stations and for hotel accommodations when purchased directly with the hotel.
  • No foreign transaction fees.
  • Direct access to a live service advisor anytime.
  • 1:1 point transfer to leading frequent travel programs with no transfer fees.
  • $0 Intro Annual Fee for the first year, then $95.

If you have any questions let me know!

Disclosure: This post contains affiliate links. I will only list the best credit card offers as my goal is for you to travel on a deal!

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Comments

    • @MSPDeltaDude – If you get approved you will get another bonus upon meeting the minimum spend requirements as it is a different card.

  1. How easy it is to get a business card if I am not a business owner. Also do you know if flag my business card if I temporarily move my spend to the business card to meet the spending limit?

  2. I currently have 4 chase cc (ink plus, csp, hyatt & ihg), all for a yr now.

    i’d like to get bold(for a 2nd business) & ba (waiting for the 100k). in terms of time since last round, should I wait longer?

  3. Ink Bold has a credit limit still though…no set spending limit doesn’t mean a cardholder gets an unlimited credit line. There is an upper limit, which a cardholder won’t be able to make charges any more.

  4. I qualified for the Ink Bold in June after a phone call with Chase. I have the Chase Sapphire Preferred and United Chase Visa as well. How long do you think I should wait to get approved for the Ink Plus too?

  5. Off topic. I have the Chase Preferred but would like to get the Slate for balance transfer purposes;but was told that this transfer couldn’t be made:true/false?
    I would like the Ink Plus but I have no spend(not enough) that would qualify for the bonus points being that balance transfers don’t count.
    At the same time I want to refinance my home but read that applying for a cc wouldn’t be the wise thing to do at this moment. My score is 760+.
    Its urgent that I know this now please being that my APR for the Slate went down from 17.99 to 12.99.

    • @mommafrica – if you are looking to refinance right now I wouldn’t suggest opening up a credit card. That doesn’t mean that it will definitely affect your rate, but it could. I am not a mortgage broker though so I suggest speaking to one to get an experts opinion.

      Also, if you Cary debt on your cards I wouldn’t suggest the ink plus. I’d suggest a card that has a very low apr or 0% apt for the first year.

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