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Before applying I highly suggest reading the following posts: Slow & Steady Doesn't Make You A Loser and A Mandatory Waiting Period to Apply for Credit Cards?. You can find all of our credit card reviews here.
Chase Ink Plus Referral & Getting the Overall Best Offer
Chase has temporarily upped the bonus on their Ink Plus card from 50,000 points to 60,000 points after spending $5,000 during the first three months. This is a great offer, especially considering it may be going down to 40,000 points soon.
There are a few things to consider with this new offer:
- You get 10,000 more points than the old offer.
- You pay the $95 annual fee the first year instead of it being waived.
So what Chase has done is made the offer look flashier on the surface than it really is. I value Ultimate Rewards at 1.7 cents each based on my past redemptions, so I see the points as being worth $170 more. If you factor in the annual fee, this new offer is only $75 better than the old one.
You Can Do Better
Thankfully there is a better option and I highly urge everyone who is looking to apply to do this. Go into your local branch and apply. By doing this you will receive the increased 60,000 bonus point offer & the annual fee will be waived the first year. That means the in-branch offer is worth $170 more than the normal offer.
What if you applied for the card under the old bonus? Will Chase match you to the new one? They should, but you need to make sure to ask for the right thing. Since the 50,000 bonus point offer waived the annual fee and 60,000 point offer doesn’t, they will most likely deny your claim.
In order to get them to match the increased offer, make sure to mention the waived annual fee in-branch. If you specifically ask them to match the 60,000 point offer with no annual fee, the only difference is the bonus amount. Many people have had success doing this.
Chase Ink Plus Referral Program
Current holders of the Chase Ink Plus card can also refer their friends and earn 5,000 bonus points. The only way I would suggest applying online is if you don’t have a branch or if you value the time it takes to apply in branch at $95 or more.
To refer your friends, simply visit chasereferafriend.com and follow the prompts. The key to getting your referral link is to click to share via Twitter. It will popup a tweet that contains your link. If you refer via email it can take several days.
Here is my personal referral link and you can also apply for a variety of cards through my banners on the site. With that said, I urge you to consider the best offer, which is the one only available in branch. While I love free points, I would much rather you keep the $95 in your pocket!!!
The Chase Ink Plus is an amazing card. Even with the recent loss of Lounge Club, I feel the card provides an outstanding value with its 5x bonus categories. If I didn’t already have a card then I would be applying for this offer in-branch.
Have you applied for an Ink Plus? Did you ask for a bonus match? Please share your experiences in the comments!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.