UPDATE: This offer has expired.
This is a limited time promotion where the Chase Ink Plus card is offering an additional 10,000 points for new applicants who meet the minimum spend requirements of $5,000 within the first three months. This is a great offer for this card, although an increased offer usually comes around once or twice a year. The major caveat to this offer is that the $95 annual fee is NOT waived the first year. Although, I read on View from the Wing blog that if you apply in a Chase branch you might be able to get the annual fee waived for the first year. This offer is valid through March 1, 2015.
This is a great offer for these three cards and a rare opportunity to earn this number of Chase Ultimate Reward points on one credit card sign up offer. New applicants of this card will also receive a Visa, not a MasterCard as it has been in the past (this changed back in the Fall of 2013). Additionally, many folks that already had the MasterCard were able to re-apply for this card and get the sign up bonus again if approved. There could be many reasons why you want two of the same card: 1) If you want to separate expenses for different businesses you have; 2) Benefits from the Visa Savings Edge Program, etc. Also, if you already have another Chase Ink card (for example, Bold, Cash, Classic), you are able to get the sign up bonus for this card sign this is a different product.
Chase Ultimate Rewards are one of my favorite currencies as the program is very flexible. You can either use your points through the travel portal or transfer them to partner loyalty programs at a 1:1 ratio (with no fee!). These partners include:
- United
- British Airways
- Korean Airways
- Southwest
- Virgin Atlantic
- Singapore Airlines
- Hyatt
- InterContinental Hotels Group
- Marriott
- Ritz Carlton
- Amtrak
How would I value 60,000 Chase Ultimate Reward points?
I’d personally value 60,000 Chase UR points at about $1,200. My personal favorite transfer value is to Hyatt, United, and British Airways. With these three partners I can get at least 2 cents per point. Of course it all depends on how you value your points, but if you’d prefer to use the “Pay for travel” option, those with the Chase Ink Bold and Plus card can redeem their points at 1 point = 1.25 cents towards the purchase of travel. This means that 60,000 points is equal to a minimum of $750!
What are the other benefits of these cards?
With this cards you earn a nice number of bonus points with popular spend categories:
- Chase 5x points per $1 on business expenses up to a maximum of 200,000 bonus points/$50,000 spent (business expenses include: wireless communication services, cable and satellite television and radio services, office supply stores and wholesale distributors of office supplies)
- 2x points per $1 at gas stations, hotels and motels up to a maximum of 50,000 bonus points/$50,000 spent
- 1x points per $1 on all other purchases – no limit on points you can earn
Overall, I highly recommend this card. If you’ve been following this blog you are probably already well aware that the 5x points at office supply stores is huge!
You can read more about the Chase Ultimate Rewards program here.
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