Yesterday Chase released some awesome news concerning their Ink Plus credit card. They've scrapped the already great signup bonus of 50,000 points and replaced it with an amazing signup bonus of 70,000 points! (This is the same offer that has previously been available only in Chase branches).
Back in March 2014, I held the March Madness of Credit Cards tournament. The Chase Ink Plus was, and still is, my #1 credit card on the market today. The ability to earn points on a monthly basis is second to none.
In order to qualify for this bonus, you must spend $5,000 within 3 months! This 70,000 point signup bonus is only available until October 10, 2014. So if you're considering pulling the trigger on an application, do so quickly!
- 5x points - cell phone bills, internet, cable, and office supply stores
- 2x points - hotel accommodations purchased through the hotel websites and gas stations
- 1x points - everywhere else
Considering paying $100 in Cable/Internet per month and $100 in a cell phone bill. That's $200/month that is subject to 5x points. At that rate, with two monthly bills alone, you'll earn 12,000 points annually.
- No foreign transaction fees
- 1:1 points transfer to the following frequent travel programs
- Amtrak Guest Rewards
- British Airways Executive Club
- Hyatt Gold Passport
- IHG Rewards Club
- Korean Air SKYPASS
- Marriott Rewards
- Ritz-Carlton Rewards
- Singapore Airlines KrisFlyer
- Southwest Rapid Rewards
- United MileagePlus
- $95 annual fee
- Trip Cancellation/Trip Interruption Insurance
- Auto Rental Collision Damage Waiver
- Purchase Protection
Can I Apply For A Business Card?
Yes, you can! The Chase Ink Plus is advertised as a business credit card. However, you can apply for this card with your SSN. I've had many friends apply for this card and when asked their business name, they use their personal name.
Don't lie on your credit card application - - - That is fraud. Tell the truth and if you have to call the Chase reconsideration line, explain to them that you're wishing to segregate expenses.
10,000 Points For Referrals
As part of this limited time offer, Chase is dishing out 10,000 points for each successful Chase Ink Plus referral made prior to October 10, 2014 through their Chase Refer A Friend program. Go to this website, enter your last name, zip code, and last four digits of your Ink Plus card. Then share the link on Twitter, Facebook or e-mail the offer to friends and family!
There is a limit of 50,000 points, or five referrals.
I have earned hundreds of thousands of points with the Chase Ink line of credit cards. I have transferred those points to Hyatt Gold Passport, United MileagePlus, Southwest Rapid Rewards and British Airways Executive Club.
The above offer states that the points are worth $875. To me, that is a highly conservative valuation. Consider this - nightly rates at the Park Hyatt New York constantly are around $900. It costs 30,000 points to get one free night at this property. With the signup bonus from the Chase Ink Plus, you'll have enough for two free nights at this great property, worth $1,800 in value.
The above example is one of thousands in which you can get significant value out of this signup bonus! If you still aren't convinced that Chase Ultimate Rewards is the program for you, please take a look at my In-Depth Guide to Chase Ultimate Rewards. If you don't have a Chase Ink Plus card, now is the time to apply!!!
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