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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.
Yesterday Chase came out with the biggest publicly available sign-up bonus we’ve ever seen on the Ink Plus® Business Credit Card, offering 70,000 Ultimate Rewards points after spending $5,000 within three months. The card has a $95 annual fee, which isn’t waived for the first year. While the 50,000 point offer on the card usually has the annual fee waived the first year, it’s absolutely worth paying $95 for an additional 20,000 Ultimate Rewards points.
I initially posted about it yesterday evening when the offer first went public, and have received quite a few questions about the offer, which I figured I’d clarify below:
Who is eligible for the 70,000 point sign-up bonus?
The bottom of the Ink Plus application page says the following in regards to who is eligible for the sign-up bonus:
I understand that any new cardmember bonus offers for this product are not available to either current or previous cardmembers of this product who received a new cardmember bonus for this product in the last 24 months.
If you’ve earned the bonus on the card in the past 24 months, you’re not eligible for the sign-up bonus. That being said, if you haven’t earned the sign-up bonus in the past 24 months, you should be eligible. That means that even some card members that have had the card years ago should be eligible for the offer.
I already applied for the Ink Plus — will they match this offer?
Some people have mentioned that they recently applied for the card and want to know if Chase will “match” the bonus.
I have no firsthand experience, though those that have asked are reporting that they were denied. The reason — at least in part — is that the terms of the offer are different. This offer for the 70,000 point sign-up bonus doesn’t have the $95 annual fee waived, while the standard version offering 50,000 points does have the annual fee waived for the first year.
Can I earn points for referring people to the card?
Chase is offering a targeted promotion whereby you may be able to refer friends that sign up for the card. They get access to the same offer, and for referring them you earn 10,000 Ultimate Rewards points per approval, for up to five approvals.
This is targeted, so to see if you’re eligible, enter your last name, zip code, and last four digits of your card on this page.
Are Ultimate Rewards points actually valuable?
With this sign-up bonus you earn 70,000 Ultimate Rewards points. If nothing else, each of those can be redeemed for 1.25 cents towards the cost of a travel purchase. So that’s $875 worth of travel, though that’s definitely not how I would redeem the points, since there are much better uses of them.
Ultimate Rewards has almost a dozen transfer partners, including three of my absolute favorite loyalty programs:
I’d argue that Korean Air and Singapore have the two most underrated programs when it comes to aspirational premium cabin redemptions. Hyatt Gold Passport is also the best hotel program for aspirational hotel redemptions, in my opinion.
The Park Hyatt DC is 25,000 points per night, or 12,500 points + $150 with Points + Cash
So I’d value these points at well over 1.5 cents each, given the number of great redemptions you can make with these points for some of the most aspirational airlines and hotels in the world.
This is the best public sign-up bonus we’ve ever seen on what I’d hands down consider to be the best business credit card, so I’d absolutely take advantage of this if you haven’t already.