With Chase’s Ultimate Rewards points being some of the most valuable points around (due to the availability of great transfer partners in their program), any way to earn more points quickly is crucial. You can often squeeze two cents per point of value out by utilizing transfer partners in the right way. Yesterday, we got word that Chase has raised the sign-up bonus for their Chase Ink Plus card to 70,000 miles for in-branch applications. That's 10,000 points above the current 60,000 point offer and 20,000 above the historic 50,000 point sign-up bonus. Let's dive into just how to take advantage of this offer!
Currently, this offer is only available for sign-up in Chase Bank branches. No special offer letter is required - just appear in person and fill out an application. Since this is a business credit card, and not a personal card, your company's EIN may be used instead of your social security number. Of course, sole proprietorships may still use your personal social security number.
If you have recently signed up for the Chase Ink Plus Credit Card with the 60,000 point bonus offer, and would like the extra 10,000 points, you may have success receiving the upgraded deal by sending a message through your online account's Secure Message Center to plead your case. It's not guaranteed, but know that others have been successful in the past.
As mentioned, the offer is not available online. Currently, the online offer is for 60,000 points for spending $5,000 in the first three months of account opening. This offer does waive the first year's $95 annual fee - the upgraded 70,000 point offer does not.
I love the Chase Ink Plus Credit card for several reasons. For one, if you are running a small business, you earn five points per dollar spent on the first $50,000 per year on office supply stores purchases and cell phone, landline, internet, and cable bills. Gas stations and hotels earns you two points per dollar as well. Every other purchase earns you one point per dollar spent.
The reason why Ultimate Rewards points are so great is that Ultimate Rewards points are very powerful! Transferring the points through their eleven travel partners like British Airways and Hyatt means the value of the points are not fixed rate. If you find an award flight on British Airways that is paid for with Ultimate Rewards points, but would've cost you hundreds of dollars, you've saved that money, and that money can be spent (or saved) elsewhere.
Same goes for hotels- if the Park Hyatt Paris Vendôme is selling rooms for $1,100 a night, but you instead transfer Ultimate Rewards points to your Hyatt Gold Passport account, you're receiving 3.6 cents per point in value on that redemption. If you used that redemption rate for all 70,000 points on this offer, you'll net $2,520 in value from your points.
There are other great benefits to owning an Ink Plus credit card, which you can read more about in our post detailing the benefits in more detail.
The question is-how will you use your Ink Plus Ultimate Rewards points?