Last Chance To Earn 5x Points & 60,000 Bonus Points

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Last week I wrote about how Chase is apparently introducing a new business credit card, called the Ink Business Preferred. To me that branding makes a lot more sense than their current line up of business cards, given that the “Preferred” branding matches their personal card, the Chase Sapphire Preferred® Card.

When it’s introduced in the next couple of months (they said it would be introduced before the end of the year), the details of the Ink Preferred Card will be as follows:

  • The card will offer a sign-up bonus of 80,000 Ultimate Rewards points after spending $5,000 within three months
  • The card will offer triple points on the first $150,000 spent annually on travel, telecommunications, shipping and advertising on social-media and search engines
  • The card will have a $95 annual fee

The Points Guy is reporting that apparently Chase will stop accepting applications for the Ink Plus® Business Credit Card when the Ink Preferred Business Credit Card is introduced.

Why you want the Ink Plus Card

The Ink Plus is one of the all around best business credit cards. It offers:

  • A sign-up bonus of 60,000 bonus Ultimate Rewards points after spending $5,000 within three months
  • 5x points on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services
  • 2x points on the first $50,000 spent annually at gas stations and hotels

ink-plus-60k

That’s a huge sign-up bonus, and an incredible return on everyday spend. While Chase will continue to offer this card to existing cardmembers for a while, they’ll stop taking new applications within the next few weeks, once the Ink Preferred is introduced. So this means this is your last chance to earn the 60,000 point sign-up bonus on this card, and also your last chance to get this card which earns an incredible 5x points at office supply stores, and on cellular phone, landline, internet, and cable TV services.

Chances are that being approved for this card won’t make you ineligible for applying for the Ink Preferred Card in the future.

Why the Ink Plus going away is interesting news

When we first learned about the Ink Preferred being introduced, my biggest question was what this meant for the Ink Plus. My assumption was that Chase wouldn’t accept applications for two business cards with the same annual fee and very similar names, so my expectation was that the Ink Plus would eventually be discontinued. It looks like that’s in fact what’s happening.

I can’t say I’m surprised, as the rewards structure on the Ink Preferred is probably more sustainable for Chase, and also offers bonus points in categories that more businesses are likely to spend a lot of money in.

Sapsan-Train-Business-Class - 17
The Ink Preferred will offer triple points on travel, including train tickets

Bottom line

The Ink Plus offers a big 60,000 point sign-up bonus plus 5x points in several categories. By the end of the year the card will no longer be open to new applications, so if you’ve been eying this card, I’d highly recommend applying while you still can. If history is any indicator, this shouldn’t impact your ability to earn the bonus on the Ink Preferred in the future.

Do you plan on picking up the Ink Plus Card before it’s no longer available to new cardmembers?

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Comments

  1. hey Lucky — I wish I could. But I think the Ink Plus is under the 5/24 rule right? Better luck next time for me. 🙂

  2. Not exactly inspired with the reports on the Ink Preferred. I already get 3X on travel with my Citi Premier, so that’s a wash. It lacks the PLUS 5X at Office Supply Stores, and drops the bonus on telecommunications to 3X. 2X on gas is again less than the 3X with Premier, and unless they include dining and entertainment as “travel”, that’s inferior to the Premier as well. It’s only a net gain for people who spend a ton on shipping and advertising, but that’s not us.

    I’m just hoping they don’t discontinue the INK PLUS for those of us who already have one.

  3. Wow, this time you actually linked to your competition instead of just hat tipping. Things are changing?

  4. Ok, just ballpark this for me.. this card says 60k points. For the life of me, I’m unable to find any way to relate this to anything useful. Assume I get the card, meet the min-spend… and get the 60k points…
    If I want to, for example, take an economy trip to London, for a normal price of $850, then what am I actually really looking at?

  5. Hi Lucky – I closed my old Ink Plus card in August 2016. If I reaplly before year-end, do you think I’ll earn the bonuses?

  6. I am a subscriber for the past 6 months and availing myself of several credit cards through your blog. I appreciate the detailed advice about which cards to get and so on. However I’m collecting a lot of cards now and do not want to pay the $95 fee on most of them or the $450 fee by having more than one “premium” card. How do u advise re cancelling one card in favor of another? I read that cancelling a card dings my credit (800 FICO).

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