Update: This offer for the Ink Plus® Business Credit Card is expired. Please check out the current list of the best current travel credit cards.
I’ve written about the Ink Bold card in the past, and it’s one of my favorite business charge cards out there. The card comes with a 25,000 point bonus after the first purchase, and another 25,000 points after spending $10,000 on the card within three months. My favorite things about the card are:
- 5x points on the first $50,000 spent annually at office supply stores and on phone/cable/internet bills
- 2x points on the first $50,000 spent annually at hotels and gas stations
- No foreign transaction fees
- The card accrues Ultimate Rewards points, which are among the most valuable points currencies, given that they can be transferred to United MileagePlus, Hyatt Gold Passport, and several other programs
Just last week Chase introduced the new Ink Plus® Business Credit Card, which has identical benefits to the Ink Bold card, including the same sign-up bonus (and the $95 annual fee waived for the first year). The major difference is that the card is a credit card (meaning you can pay your charges over time) as opposed to a charge card (where the balance has to be paid in full each month), like the Ink Bold card. I don’t find the distinction in and of itself to be significant, since I pay my balance in full each month. If you finance charges on your credit card there are lower interest rate cards out there, so I wouldn’t recommend using a points earning credit card in most instances if you’re looking to finance charges.
But this card opens up a lot of opportunities in other ways. This is technically a new product, so you should be able to sign-up for this card and earn the 50,000 Ultimate Rewards points sign-up bonus, even if you’ve had the Ink Bold card before.
Here are a few of my favorite opportunities with the card:
Earning the 50,000 Ultimate Rewards points sign-up bonus on the card again
Chase has had two versions of the Ink Bold card. They had the original version, which they pulled last November. Then they introduced the new Ink Bold card in late November of last year, which offered the benefits listed above. The funny thing is that they didn’t let cardholders switch over their product from the old one to the new one, so you had to reapply. That worked for me, given that it was an opportunity to earn the 50,000 Ultimate Rewards points bonus again! As a result I presently have two Ink Bold cards, and I haven’t paid an annual fee on either yet.
Chase will almost always approve you for a new card by closing an old one
I’ll never close a Chase credit card without first applying for a new one. Chase is interesting in that if you’re not instantly approved for a new card they’ll almost always let you cancel an existing card in favor of a new one, and you can still earn the bonus on both. That’s the beauty of this for me. I have the old Ink Bold credit card (the one that was discontinued last November) which I’ve been meaning to cancel, but I figured I’d wait until right before my first year of membership is due before canceling (because ultimately the longer your credit history on each card, the better). Instead I can call the Chase business reconsideration line (800-453-9719) and have them close my oldest Ink Bold in favor of the new Ink Plus. Regardless of which version of the Chase Ink Bold card you have, you can usually apply for the Ink Plus and if you’re not approved automatically you can offer to close one of your existing Ink Bold cards in order to be approved for the Ink Plus.
Alternative strategy if you don’t have the Ink Bold or Ink Plus
If you don’t have either the Ink Bold or Ink Plus cards, you can always apply for one now, keep it for a year (until before the annual fee is due), and then at that point apply for the other card, which allows you to avoid paying annual fees for two years, and would earn you two sign-up bonuses. As is the case above, you can always offer to close one card in order to be approved for the new card if they give you any trouble.
Anyway, the beauty of the new Ink Plus for me isn’t in the fact that it’s a credit card as opposed to a charge card, as I pay all my balances in full each month. What’s great about it is that it’s like having another Ink Bold card, which is one of the strongest business cards out there, in my opinion.
In the interest of full disclosure, I earn a referral bonus for anyone that signs up through the above links. They’re the best available offers, and of course I’m very appreciative of your support, regardless of whether or not you use my links.