Chase Ink 70K & 30K Offers
Oh how I love Small Business Week. Sure, I own a few small businesses, but that really isn’t why. It is because Chase normally celebrates the week with increased offers on their Ink business cards. Thankfully this year doesn’t seem to be any different. Let’s take a look.
The following offers are available in-branch only. For now the online offers remain at 60K/20K.
- Ink Plus: Earn 70K Ultimate Rewards points after $5,000 in spending during the first 3 months.
- Ink Cash: Earn $300 (30K Ultimate Rewards points) after $3,000 in spending during the first 3 months.
Either of these offers is great, but of course I would personally go for the Ink Plus if given the choice. The Ink Plus does come with a $95 annual fee and it isn’t clear if it is waived with this offer. In previous years the annual fee was often waived when you applied in-branch, so we’ll have to see. Do keep in mind that applying in-branch does mean it will take some time. Personally, I would set an appointment and still expect it to take about an hour.
The other main advantage of the Ink Plus over the Ink Cash is that it unlocks points transfers to partners. I always recommend having either the Ink Plus or the Sapphire Preferred to unlock the transfers, so that is a consideration as well. I generally don’t recommend cashing in Ultimate Rewards for $.01 each.
While I can’t speak to whether or not the 5/24 rule is in place, I personally picked up a new Chase Ink Plus card (my 3rd Ink card) two months ago and I have quite a few more than 5 new accounts in the past 24 months. My strategy was to apply and let the process go through with Chase instead of calling into reconsideration. This has worked well for me and others in the past.
With all of the ways to earn 5X with the Chase Ink cards, these offers are very attractive. Even putting aside points earning, the bonuses have significant value as well. If you aren’t ready to apply for one of these cards, then don’t let the extra 10K points throw your strategy off, but if you were already going to apply soon, then now may be the time.