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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.
One of the best credit card sign-up bonuses of the year has been on the Chase Ink Plus, which is offering a publicly available sign-up bonus of 70,000 Ultimate Rewards points after spending $5,000 within three months.
This is an incredible offer, as the highest sign-up bonus Chase has offered to the general public has been 60,000 Ultimate Rewards points. The offer was made available earlier this summer, but you could only get it by going in to a Chase branch, so this is much more convenient for many of us.
Originally it was my understanding that the increased sign-up bonus was supposed to expire on October 10, though obviously that wasn’t the case, as the offer is still around.
However, Chase has now updated their website to indicate that the offer ends on Sunday, October 19, 2014.
If you haven’t yet taken advantage of the offer you really should, as there are many great uses of Chase Ultimate Rewards points thanks to their excellent transfer partners, including Korean Air SkyPass, Singapore Airlines KrisFlyer, etc.
You can get tremendous value by transferring points to these partners. Everything transfers at a 1:1 ratio, which means you can leverage airline and hotel award charts to get the most value out of your Ultimate Rewards points.
The Hyatt Regency Hong Kong Tsim Sha Tsui is only 15,000 points per night, though paid rates can often be $350+
Worst case scenario these points can be redeemed for 1.25 cents each towards a travel purchase, meaning the sign-up bonus is worth $875 before the $95 annual fee.
Please see my post from a few weeks ago for more details on the Ink Plus offer terms and some of the most frequent questions, or comment below and I’ll do my best to answer.
Sorry to anyone who I accidentally kept from procrastinating, but this is actually the last call. I doubt we’ll see this bonus return anytime soon, so if you haven’t yet taken advantage of it, you have until Sunday.