50,000 Ultimate Rewards Points ($500 to $2,000 Value) With Chase Ink Bold Business Card

Chase Ink Bold

[I earn a referral if you apply for the Chase Ink Bold or the Chase Sapphire Preferred using the links in this post.  Emily and I are extremely grateful to all readers who apply for the card using our link!  Emily already has the Chase Sapphire Preferred will be applying for the Chase Ink Bold later this month.]

Application Link:  Chase Ink Bold

Emily and I love Chase Ultimate Rewards points because they give us a lot of ways to have Big Travel with Small Money.

Not only can we transfer Ultimate Rewards points to airline partners, but we can also transfer them to hotel partners.  The choice of airline and hotel partners is also much better than the transfer options of American Express’ Membership Reward Points.

The American Express Business Gold (the AMEX equivalent) card offers NO sign-up bonus, so I’m not even considering applying for it.

Emily  can also transfer Ultimate Reward points directly to my account or to my airline and hotel accounts for free.

Emily applied for the Chase Sapphire Preferred last July and managed to bump the sign-up bonus to 100,000 Ultimate Reward points.  But we can always do with more Ultimate Reward points so we’ll be applying for the Chase Ink Bold later this month.

Chase usually lets you get 1 business and 1 personal card on the same day, but you’ll have to call the reconsideration line to get approved for the 2nd card.  Emily will most likely apply for the Chase United card with 50,000 miles after the 1st purchase along with the Chase Ink Bold.

Business Charge Card

The Chase Ink Bold is a business charge card which means that you have to pay off your balance in full at the end of each month (you should be doing this in any case!).

As I’ve written before, many folks may qualify for this card even if they don’t currently have a business, but are thinking of starting one.  Or if you’ve dabbled with a business (sold something on ebay, had a garage sale, sold crafts etc.), but now want to concentrate a bit more on it.

Or you could want a business card to keep your reimbursable business expenses at work separate from your personal expenses.

You usually have to enter your social security number on the application form and the credit inquiry will appear on your personal credit report, but the credit line will not appear on your personal credit report.

This means that the average age of your credit history should not decrease because the business credit line doesn’t sit on your personal credit report.

However, it may take a little longer for the effect of the credit inquiry to be made up, because your personal credit report will not show increased available credit so your credit utilization ratio will not change.  But I like the longer term effect of having a higher average age of my credit history.

When applying for a business credit card, I enter my social security number as the Tax ID in the application form and enter my name as the business name.

Chase Ink Bold Review

1.   50,000 point Sign-up Bonus

You get 50,000 Ultimate Rewards points as a sign up bonus after spending $5,000 within 3 months of being approved for the Chase Ink Bold. 

Spending $5,000 within 3 months is a lot for us, especially since we’ll be applying for other cards and will have to complete the minimum spending on those as well.

However, I’ll be using some of the ways outlined in the 40+ ways to complete minimum spending requirements including paying my rent via Williampaid.

How to use 50,000 Ultimate Reward points

The Chase Ink Bold earns Chase Ultimate Rewards points which are very valuable.  For example, the 50,000 bonus points can be redeemed for:

  • Gift cards or Cash Back – $500 value
  • Travel through the Ultimate Rewards Portal – $625 value
  • Transfer to hotel and airline partners – $625 – $2,000 value

You can transfer Ultimate Rewards points earned via the Chase Ink Bold (& also the Chase Sapphire Preferred), in a 1:1 transfer ratio, to:

  • United
  • British Airlines
  • Southwest Airlines
  • Korean Air
  • Hyatt
  • Marriott
  • Priority Club
  • Ritz Carlton
  • Amtrak

My preferred way to redeem 50,000 Chase Ultimate Rewards points is to transfer them to Hyatt and redeem for 2 nights in a top category 6 Hyatt hotels such as the Park Hyatt in Paris, Tokyo, or the Maldives where I could get to experience a hotel room which I would otherwise never be able to afford ($ 500 or more per night).

Another potential use is to transfer to United which, together with the bonus from either the United 60,000 miles card or the Chase Sapphire Preferred, will get you 100,000 miles or enough for a business class trip to Europe.  Or may be all 3 for 150,000 United miles.

Or you can transfer 4,500 points to British Airways and redeem them for short distance tickets on American Airlines which would usually require 25,000 American Airline miles.

And transferring to Southwest Airlines is another great option for domestic travel!

In general, you may be able to squeeze out more value by transferring to a hotel or airline partner than redeeming through the Ultimate Rewards portal.

Chase Ink Bold

Chase Ink Bold – Transfer Options

However, I wouldn’t redeem for Priority Club points since I can get them for .6 cents per point using the cash and points trick.  If I were to redeem 50,000 Ultimate Rewards points for 50,000 Priority Club points I would get only a $360 value (50,000 X .6 cents).

But your needs will be different so do what’s best for you.

2.   Double points on gas & hotels & 5 X points on office supplies, cable & satellite TV, wireless and land line expenses. You earn double points on gas & hotel  purchases up to the 1st $50,000 in purchases.

And you earn 5X points on office supplies (from office supply stores), cable and satellite TV services and wireless and land line expenses up to the 1st $50,000 in purchases.

This is the best category bonus I’ve seen for office supplies, cable, wireless and land line expenses!

I’m not a big fan of category bonuses because they are slow to add up.  But even spending $200 a month on office supplies and telecom expenses on the Chase Ink Bold would earn you 12,000 ($200 X 12 months X 5 points) Ultimate Reward points a year, versus the 2,400 points ($200 X 12 months X 1 point) you’d earn on a card which earned only 1 point per $1 spent.

But do the math before applying for the card because not everyone will spend significantly in these categories.  I know that I don’t spend significantly in those categories.

You could also buy $500 gift cards from Office Supply stores and use them for shopping elsewhere.  And even with the $6 to $7 fee, you’d still come out ahead regardless of whether you use the points for cash back or to transfer to airline or hotel partners.

For example, if you spend $500 on a Visa Gift card and pay a $7 fee, you will earn $507  X 5 points per $1 or 2,535 Ultimate Rewards points.  You can redeem 2,535 Ultimate Rewards points for $25 cash back, so you’re still coming out ahead after paying the $7 fee

3.  No Foreign Transaction Fee.  The Chase Ink Bold like the Chase Sapphire Preferred does not have a foreign transaction fee which saves ~3% when you use the card outside the US.

4.   Complimentary Lounge Club Membership which includes 2 free lounge passes.  You get 2 free visits to a lounge per year.  Afterwards, you have to pay $27 per person for lounge access.

This could be a good deal if you don’t travel often, but still like lounge access, but don’t want to pay for a full year of lounge membership or get the American Express Platinum card which does come with lounge access.

Here’s a post on how to sign-up for the free Lounge Club benefit.

5.   No Preset Spending Limit.  The Chase Ink Bold is a charge card, not a credit card, so you’ll likely get a higher credit line, but will have to pay it off in full when the statement closes.

6.  First Year Annual Fee Waived.  The $95 annual fee is waived for the first year.

Drawbacks

1.  $95 annual fee after the 1st year.  You’ve got to pay the $95 annual fee after the 1st year.  However, this may make sense if you have significant spending in office supply stores or on telecom or cable TV.  But do the math carefully to see if the additional benefits are worth the annual fee.

2.   $5,000 minimum spending.  $5,000 within 3 months is high, so I’ll be relying on the 40+ ways to complete minimum spending requirements.

 Bottom Line:  The 50,000 sign up bonus after spending $5,000 within 3 months is an easy way to get more Ultimate Reward points.  The double points on hotels and gas, and 5 X points on cable, internet, telecom & office supply stores could be useful to folks who spend heavily in those categories or if you buy gift cards from office supply stores and use them elsewhere.

But make sure that you can complete the minimum spending and pay it off in full before you apply for this card.

Application Link:  Chase Ink Bold

Post updated to reflect new minimum spending requirement for sign-on bonus.

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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

177 Responses to 50,000 Ultimate Rewards Points ($500 to $2,000 Value) With Chase Ink Bold Business Card

  1. Lounge access for Ink card -
    Lounge access if good for a year from the day you register at Lounge club site or will it end when your Ink card is due for renewal? I hv the Ink card for a few months and hv yet to sign-up for the free lounge club membership. Appreciate any infor as I cant find it on their website. Any advantage to signing up later so expiration will be later?

    Thanks alot!

  2. Pingback: Can You Get The Sign-Up for the Chase Ink Bold Twice for the Same Business? | Million Mile Secrets

  3. Total BS. Another chase rep made it so easy. I got the Ink card!

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  7. Is the $50k limit on 5x bonus for office supply stores per calendar year or cardmember year? Thanks! -Thomas

  8. Your link to the Chase Ink Plus card lands here …

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  10. Hi Darius,

    I am wondering whether i can apply for Chase Ink Bold card since its a business card and i am on H1 Visa(non immigrant) which means i should not do/show any business in USA. Will there be a problem to apply for business cards while filing tax if chase/citi or other banks inform to IRS ?

  11. @Thomas – I believe it is per calendar year.

    @Frank – I’ve fixed it so it shouldn’t happen. Thanks!

    @Sugan
    – I’ve applied for business cards on an F1 and H1 visa. However, what you say is correct (you’re not technically supposed to work), so don’t do it if you aren’t comfortable with it or put $0 in the gross revenue/profit field.

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  14. Hi, Daraius,

    Is chase ink bold and chase ink plus the same? Also can you explain about what you mean by using 4500 avios points on AA (would be 25000 ts) on short haul flight. Thanks

  15. @leslie - The Ink Bold is a charge card which means that you have to pay the entire balance when it is due. The Ink Plus is a credit card, so you can roll the balance over (but you shouldn’t do this because the interest rates are very high). If you book a 1-way flight for certain short segments (say, Chicago to Kansas City) it will cost 12,500 miles on American Airlines, but only 4,500 British Airways Avios points.

  16. Hi Daraius,

    Long time follower of your blog ,thanks again for everything i signed up thru you link a while ago for the chase sapphire, have the spg and a citi card but spend allot on the sapphire the limit is 12k and avg month swipe 20k on it and pay it off in middle of the month since started doing this my credit score went down as im using most of my credit etc thats why i want to sing up for a charge card so wont go on my credit and will be abel to charge much more , i don’t want to take the amex as i don’t want a fr thats why i don’t use my spg that much… so i’m thinking of going with the ink bold so my question is is there another charge card from chase besides the bold? another question is i have a biz so i will be putting in the tax id # but my question is i’m not the only one in the biz and my partner will also be applying soon for this will he also be able to apply with the same tax id #? also i would want to apply for 2 cards at once so i want to know what other charge card does chase have and if they don’t what other card should i try getting from them i have the sapphire and the continental.

    Thank you so much for all your post and thanks for taking your time to reply.

  17. sorry one more thing the ink card do i always i have a minimum spending of 5k on it? or only when open it?

  18. @cshia – Thanks for using our links. You and your partner should be able to get the Ink Bold with the same tax ID, but different social security numbers. The minimum spending to get the full 50,000 points sign-up bonus is $10,000 within 3 months, but there is no required monthly minimum spending needed to keep the card open. I believe the Ink Bold is the only business charge card from Chase.

  19. @Daraius

    Thanks for your reply what other cards does chase have now with good signup bonuses? as i want to sing up 2 cards at once so shouldn’t get 2 credit pulls.

    Thanks again

  20. @cshia – You usually get 2 credit inquiries if you apply for 1 business and 1 personal card. The Chase Sapphire Preferred with 40K ultimate rewards points, the Southwest cards, and the United 55K cards are good as well.

  21. Didnt know that gt inquiries,, thanks guess will only do the ink bold..

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  25. Daraius,

    Please explain or attach the link on how to use 4500 BA miles to get a short haul AA ticket.
    (Or you can transfer 4,500 points to British Airways and redeem them for short distance tickets on American Airlines which would usually require 25,000 American Airline miles.)
    I assume this operation is preformed on the BA website? Since Chase Ink points can be transfered on a 1:1 bases to BA, why would anyone use the AA site for redemption?

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  27. Hey Daraius, I applied using using your link and got a review needed message….what should be my next step?

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  29. As you predicted (amazingly), Chase have lowered the required spending on INK Bold for the 50,000 URP bonus. My husband just applied even though he got Hyatt card less than two (almost two) months ago since we don’t know how long they run this promo. He has four personal cards: Freedom, Sapphire, UA and Hyatt. Do you
    think he has a chance to got INK Bold approved since this is the only business card he ever applied with Chase? Thank you for your input.

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  33. The chase ultimate rewards portal says Office Depot purchases earn an extra 3 pts/$. Is that above the 5X that the bold already gives, or is that effectively only 4X? Right now, it says Kohls is giveing 10 extra pts/$, which seems like a good deal at Kohls, if you shop there anyway.

  34. I did a little research and I think I’ve answered my previous question. The extra 3 pts/$ should more appropriately be called 3 pts/$. So I think it only makes sense to use the Ink cards to purchase directly at Office Depot, rather than through the portal. Please correct me if this is wrong.

  35. @Scott – I’m not sure, but I suspect it is above the base spending, so it may be 8X points. But I haven’t researched this and don’t have personal experience.

  36. Hey Daraius, i am a regular follower of your blog, it is very helpful. keep up the great work. i just started a llc on my uncles name and is there any way that i can apply a business card using my ssn and company’s tax id?

  37. @yash - Thanks for reading! If you’re an officer, co-owner, etc. in the LLC, you should be able to apply using the company’s LLC.

  38. I’m not on the company, my uncle gave me a notarized letter to open the bank account for that. Can I use that letter to open a cc too? Thanks for the response.

  39. @Yash – I’m not sure, but you may be able to.

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  41. Hi Daraius! How long does it take for the 50,000 points to post to your account after you make the minimum spend? Is it immediately, or do you have to wait for the next billing statement? Thank you so much for your help!

  42. Sue – The points usually post once the statement in which you complete the minimum spending closes provided you completed the spending within 8 to 10 days of the statement closing date.

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  45. Applied for the Chase Ink a week ago. Saw that they did a pull on my credit (I have a monitoring service) o I called the reconsideration line today.

    I got a hefty credit line (more than I need) for my $1000 a year ebay/craigslist business. Which is legit, I really do sell stuff mostly stuff my family doesn’t need anymore.

    Used your link BTW, hope you enjoy the referral and keep your web site running and sending me info.

    BTW I tried this a few months ago with Citi and ‘exaggerated’ my ‘business income’. I got denied. Maybe I will try again after 6 months or so. I am hoping a citi business card will be easier now that I got a chase one.

    Happy day!

  46. @Richard - Congrats on getting approved and thanks so much for using our link! Citi is a little quirky, but you can always write them a reconsideration letter with your telephone number and they call you back.

  47. Hi Daraius,

    Have you been able to get the Chase Ink cards more than once (churnable) if you wait long enough?? (e.g. get the Chase Ink Bold now, cancel it within a year…wait several months, and then re-apply for Chase Ink Bold again), do you think one would be able to get the 50,000 UR points a second time?

  48. @Brandon – I’ve heard it is possible, but no personal experience.

  49. Daraius, I appreciate all the helpful info about travel on your blog, but I’m looking to use this card for something else – namely buying gift cards at a reduced price through a site like Plastic Jungle, then converting the 500 points (or 550 points – 1pt x 1$ spent) to cash back. Do you know if something like this would work, or would Chase see this and deny purchase of $5000 worth of gift cards through a site like that as a legitimate expenditure for the minimum $5000 threshold. And while you said I could convert the 50K pts to $500 in gift cards, you didn’t say anything about cash back, which I saw on another site was possible. Do you know if cash back for the 50k points is possible or not?

    Thanks for any help you can provide,

    L.R.

  50. @L.R. – I updated the post to mention that you can use the 50K points to get a statement credit, so in effect, cash back! I don’t have personal experience, but the plastic jungle purchases should count towards the minimum spending requirement.

  51. Hi Daraius:
    I currently have a Chase Freedom card and was thinking of applying for a Chase Sapphire, Chase Ink Bold, and Chase Ink Plus. Is that too much Chase and will that hurt any chances of getting other bank cards (ex. Amex or Citi)? Thanks!

  52. @Gabe - Yes, that is too much. I’d just do either the Ink Bold or Ink Plus and you’d likely have to call the reconsideration line to get approved.

  53. can you apply for both cards at the same time?

  54. @Rick – You should be able to get both the Ink Bold/Plus and the Chase Sapphire Preferred after calling the reconsideration line. But I wouldn’t try for both the Ink Bold and the Ink Plus at the same time.

  55. Hi – just a heads up, your links are not working.

    Love your blog, on my way to a few hundred thousand miles thanks to you!

  56. Helen – Thanks! But I checked and the links are working.

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  64. Just thought I would tell you, that link you provided is actually giving a 60k bonus point award for first use. I signed up about 2 months ago. I can provide a screenshot if you would like. Waiting to see if my wife gets this and if I get the same 60k for the other chase ink/bold card as well.

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  66. Cindy and Rick

    In my quest to find rental cars for future trips, I decided to try your suggestion to check the rental car options through our Chase Ink Bold Ultimate Rewards link. I found a 2 week mid-size rental through Thrifty on Maui (OGG) for $311.84 total with taxes for the last two weeks of March. That beats every other price I have found.

    Thank you for your tips on rental cars through this Ultimate Rewards portal. It’s also saved money for our Orlando trip next month.

    I am still unsure whether I can cancel the car rentals without penalty. I assume I cannot, but the deals are better than Costco, so far. I know to look almost daily to get the best rates.

    Love this Chase Ink Bold business card! Time to look into some other cards for more miles and points. I am thinking the Sapphire for me. Rick has the Ink Bold. Do you expect a bigger signup bonus on the Sapphire card at the end of the year, or is the current 40K the best we can hope to get?

  67. @Cindy and Rick – Glad you were able to save some money! See this post for more info. You can cancel car rentals through the Ultimate Rewards portal 2 days before pick-up for no penalty, but you have to call to cancel. I don’t have any inside information whether the bonus on the Sapphire will change, but it would be nice if it did! The Ink Plus also has a 50K sign-up bonus and is distinct from the Ink Bold.

  68. Hi – Just checking in if there are any new updates to your Feb 21012 posting of “Chase usually lets you get 1 business and 1 personal card on the same day, but you’ll have to call the reconsideration line to get approved for the 2nd card.” I will be applying for Chase Sapphire Pref and Ink Bold for my husband next month. I know things have been changing a lot lately…
    Thanks!

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  71. I got my Ink Plus in Dec 2013. Shall I wait 90 days before applying for the Ink Bold card?

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  73. If you get rejected for Ink Bold, is there any history indicating that rejection on your credit history?

  74. @Lemon – There isn’t besides the credit inquiry for applying.

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