Chase Ink Plus Increased Bonus Ending

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I’ve been reading on a few blogs over the past 24 hours that the Chase Ink Plus increased credit card offer is ending today. While I do not have 100% confirmation, if you’ve been meaning to apply for this card, now might be a good time to do so. If today is not the right time or you are still on the fence, this increased offer will always come around again (or maybe still even be available post today).

Key Link: Chase Ink Plus – 60,000 bonus points after you spend $5,000 in the first 3 months; $95 annual fee

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This offer is an additional 10,000 points on top of the normal bonus. With this offer you’ll earn 60,000 bonus points after you spend $5,000 on the card in the first 3 months. However, there is a $95 annual fee on the card which is NOT waived the first year (with the normal offer, typically the annual fee is waived for the first year). I personally value the 10,000 point increased to be worth about $200, so paying an annual fee for the first year is still worth it in my opinion, but it definitely depends on how you value your points.

What is the value of 60,000 Chase Ultimate Reward points?

I’d personally value the 60,000 Chase Ultimate Reward points earned from the Chase Ink Plus at about $1,200. My personal favorite transfer value is to Hyatt, United, and British Airways. With these three partners I can get at least 2 cents per point, although there is the potential to get even way more, especially if you like to travel in luxury in business class. Of course it all depends on how you value your points. Now, if you like an easy redemption, you can use the “Pay for travel” option which will give you a fixed value of $750. With this option you use Chase’s travel portal and book your flight directly through the site. This will then allow you to book flights with most airlines, including American Airlines, Delta, etc.

What are the other benefits of these cards?

With the Chase Ink Plus you earn a nice number of bonus points on some popular spend categories:

  • Chase 5x points per $1 on business expenses up to a maximum of $50,000 spend, which equals 250,000 points (business expenses include: wireless communication services, cable and satellite television and radio services, office supply stores and wholesale distributors of office supplies)
  • 2x points per $1 at gas stations, hotels and motels up to a maximum of 50,000 spend, which equals 100,000 points
  • 1x points per $1 on all other purchases – no limit on points you can earn

Applying FAQs:

  • If you recently applied for one of these cards in the past 103 days, send a secure message on your Chase.com account and request for a match in the offer.
  • While this is a business card, you can use your personal Social Security number on your application. You can apply as a sole proprietorship.
  • Chase is getting more strict with applications and will deny you of a Chase-branded card (Chase Ink, Chase Freedom, Chase Sapphire Preferred, not Chase co-branded cards like Marriott, Hyatt, IHG, etc.). If you’ve applied for 4 or 5 credit cards in the past two years (and also includes adding yourself as an authorized user on an account). So if you have gone application crazy, unfortunately you might be out of luck with these two. You can read more about this here.

More about the Chase Ultimate Rewards program…

And here is a blog series describing the Chase Ultimate Rewards program in general:

Key Link:

  • Chase Ink Plus – 60,000 bonus points after you spend $5,000 in the first 3 months; $95 annual fee

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