Act fast to earn 120,000 or more Ultimate Rewards points


Several things are going on at once that make it possible to rack up huge numbers of Ultimate Rewards points.  The catch is that you have to own a business and grab these deals while they’re available.  Here are the details:

  • Chase is phasing out the Ink Bold charge card.  At the time of this writing, Chase is still offering 50,000 points after $5K spend for new applicants.  This offer ends November 16th can end any moment, so if you’re interested you’ll have to act fast.  Please find the latest information about Chase Ink best signup offers here.
  • As I reported in July, Chase has been offering 70,000 points after $5K spend for their Ink Plus credit card both in-branch and through targeted offers ($95 annual fee not waived).  Now, there are two more ways to get this offer.  It is now available online, and through friend referrals until October 10th.
  • A third option for earning points is to refer friends.  If you already have the Ink Plus card, go to this site to see if you have been selected to earn 10,000 points for each business owner you refer by 10/10/2014.  Maximum earnings allowed: 50,000 points.  If you would like the opportunity to refer others, feel free to recruit people via the comments below.  Hat Tip: Mommy Points.


Ink Plus / Ink Bold, what’s the difference?

The Ink Plus and Ink Bold cards are virtually identical in every way. Both earn Ultimate Rewards points.  Both have the same 5X and 2X category bonuses (5X office supplies, cellular/landline/ cable; 2X gas and hotels), the same $95 annual fee, the same 2 free Lounge Club visits per year, the same ability to use points to purchase travel at 1.25 cents per point, and the same ability to transfer points to airline, hotel, and train partners.  With both cards, the bonus categories are capped at $50K spend per cardholder year (not calendar year).  The only difference between the cards is that the Ink Plus is a credit card (in which the balance can be paid off over time), and the Ink Bold is a charge card (the balance must be paid in full monthly).  Oh, and the cards are each a different shade of blue.  If your card is a wee bit purplish, it is the Ink Bold, whereas the Ink Plus is more of a pure blue to my eyes.

Multiple Ink cards

There are several ways to signup for multiple Ink cards and to get the bonus on each one.  Here are the rules as I believe them to be based on my experience:

  • A person can have, and get the signup bonus, for each variant of Ink: Ink Plus, Ink Bold, Ink Cash, and (previously available) Ink Classic.  So, for example, someone starting now could get three signup bonuses: one for each available card variant.
  • A person with multiple businesses can have, and get the signup bonus, for each business and each card type.  For example, a person with two businesses could signup for two of each type of card: Ink Plus for business 1, Ink Plus for business 2, Ink Bold business 1, Ink Bold business 2, Ink Cash business 1, Ink Cash business 2.
  • A person can have, and get the signup bonus, for each generation of Ink.  So, a person with an Ink Plus MasterCard, for example, could now signup for the Ink Plus Visa.  This is key because Chase now issues all new Ink cards as Visa cards.  So, if you have an Ink Plus MasterCard, for example, you can sign up now for an Ink Plus card and get the bonus again since it is now a different product: a visa card.

Getting Approved

Many have reported that Chase has become increasingly stingy with Chase Ink approvals.  My understanding, based on reader anecdotes, is that they will be more likely to approve you if:

  1. You have a well established business.  A business that was just opened a few months ago is less likely to be approved.
  2. Your business makes money.
  3. You do not already have too many Chase cards.  I have no idea how many is too many.

For details about applying for Chase Ink cards, please see “How to sign up for Chase Ink cards.”

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