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Final Day For Increased Signup Bonuses On Chase Ink Cards

Update: DEAD!

Related: Ink Is Beautiful: 12 Reasons You Should Have A Chase Ink Card

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Originally posted on 05/01:

-Chase Ink Plus Credit Card 60K Limited Time Offer

-Chase Ink Bold Charge Card 60K Limited Time Offer

-Chase Ink Cash Credit Card 30K Limited Time Offer

The Chase Ink business cards are some of the best credit cards out there.

For a limited time only you can earn additional bonus points for signing up for them.

Last week the limited time increased bonus for these cards lasted just 1 week, though I don’t have any information on when it will end this year.

The bonus for the Ink Plus and Ink Bold cards is temporarily increased from 50,000 to 60,000 points for spending $5,000 within 3 months.

The bonus for the Ink Cash card is temporarily increased from 20,000 to 30,000 points (they advertise this as $300, but it comes in the form of 30,000 points which can be far more valuable than cash) for spending $3,000 within 3 months

Typically if you got a Chase card within the past couple months and the offer increases they will match the better offer for you. Just send a secure message to request that when logged in at Chase.com.

Here is a chart with the differences between these cards.

 
Ink Bold
Ink Plus
Ink Cash
Signup BonusNormally 50,000, now 60,000Normally 50,000, now 60,000Normally 20,000, now 30,000
Spend Threshold$5,000 in 3 months.$5,000 in 3 months.$3,000 in 3 months.
Type of cardCharge Card: Must be paid off in full every month.Credit Card: Can be paid back over time. Credit Card: Can be paid back over time.
Annual FeeNone for the first year, then $95None for the first year, then $95None
Points transfer into miles?YesYesNo, but they can be transferred if you or your spouse also has a Ink Bold, Ink Plus, or Sapphire Preferred
Annual limit for 5 point per dollar categories$50,000 of spending.$50,000 of spending.$25,000 of spending.
Double point categoriesGas and HotelsGas and HotelsGas and Dining
Foreign Transaction Fee0%0%3%
APR for purchases and balance transfer.N/A15.24%0% intro APR for 12 months then 13.24%

As you can see, there’s no major difference between Ink Bold and Ink Plus other than charge versus credit.  One advantage of Ink Plus would be that you can shift credit lines to that card to get it approved and if you ever decide to close it, you’ll be able to shift the credit line elsewhere.

A great thing about these business cards is that they don’t report your spending on your personal credit report.

On personal cards if you spend money on your card your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally it’s good to have the statement close with a few dollars to show the card is active and being paid every month.

On a business card it’s just not reported, so you can wait until the money is due without it having a negative effect on your score. Plus if you close a business card it won’t ever have an effect on your score.

On a card like Ink Cash with 0% APR for purchases and balance transfers for 12 months you can owe money without having any negative effect on your credit score.

Benefits on all Ink cards:

All Ink cards give 2 free lounge visits per user, even on free additional user cards. Here is a link to find valid lounges worldwide. Lounges include the Dan Lounge in Tel Aviv and the Art & Lounge in Newark which both have kosher food.

Ink cards are now all issued as Visa cards, so you can register them for Visa Savings Edge.

With that program you earn cash back on top of points.  You’ll earn 1% cash back at Staples, Chevron, and Texaco, 2% cash back at TigerDirect, 4% cash back at Alamo and National, 5% cash back at Lenovo, Sony, and several hotel brands, etc.

Plus all of the Ink cards offer 5 points per dollar on internet/cable service and telecom purchases, so that’s a nice rebate when you purchase a new cell phone and off your cable bill.

They also earn 5 points per dollar at office supply stores. There are hundreds of gift cards sold by office supply stores.

-Upgrading at your local carrier’s store to an iPhone or Galaxy? 5 points per dollar.

-Buying gift cards for gas? 5 points per dollar plus you’ll pay the lower cash rates at the pump.

-Buying gift cards for Amazon, Gap, Groupon, Kohl’s, Macy’s, Marshalls, Nordstrom, Southwest Airlines, TJMaxx, etc? 5 points per dollar.

At Staples of course you would earn 1% cash back plus 5 points per dollar.

Your local school or other charity will be more than happy to accept donations of Amazon gift cards for supplies or any other useful gift cards for chinese auctions, raffles, fundraisers, etc.

They will give you a tax deductible receipt for the full face value-the price you paid for the gift cards. And at the same time you’ll earn 5 points per dollar. So while doing good you can still get a nice chunk of points and you’ll save on your taxes.

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