Chase Ink Bold Sign-Up Bonus Reducing to 25,000 Points (from 50,000) for Most Folks?

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Update:   The Chase Ink Bold card is NO LONGER AVAILABLE for new sign-ups.  And this offer for the Chase Ink Plus has ended.  Check the Hot Deals page for the most up-to-date information!

[I get a referral for the Chase Ink Bold in this post.  Emily and I are always very grateful to the many readers who use our link to apply for a credit card!  Emily has had this card since February 2012.]

Update 2:  The current offer for the Chase Ink Bold is for 25,000 points after your 1st purchase and another 25,000 points after spending $10,000 within 3 months.

Link:  Chase Ink Bold Review

Update:  I’ve been told that my link to the Chase Ink Bold will change at some point.  But I don’t know when.  I’ll post updates as I find out.

Million Mile Secret reader Andy (thanks!) wrote in to let me know that the sign-up bonus for the Chase Ink has changed on the Chase website.  Oh no!  Here we go again.

Readers may remember that just a few weeks ago, something similar happened with the Chase Sapphire Preferred.  The sign-up bonus on the Chase Sapphire Preferred reduced to 40,000 points on the Chase website, but affiliate links such as mine still offered 50,000 points.

A short while later Chase changed my affiliate links to match the best offer of 40,000 points.  However, there were still some links to the 50,000 point offer but those links died as well.  Currently, the best offer for the Chase Sapphire Preferred is for 40,000 points.

Chase Ink Bold

I recently pointed out a 60,000 point offer (better than my affiliate link) for the Chase Ink Bold and readers were able to get either apply for that offer or get matched to it.  However, that link is no longer working.

The Chase Ink Bold still offers a 50,000 bonus on the Chase website, but you only get 25,000 points after your 1st purchase and another 25,000 points after spending $10,000 within 3 months.  I suspect that this means that the Chase Ink Bold will effectively offer only a 25,000 point bonus to most folks since spending $10,000 within 3 months is a tall order for many.

On the other hand, this makes it easier for folks to get at least 25,000 points since there is no minimum spending tied to the 1st 25,000 points!

My affiliate link still offers 50,000 points after spending $5,000 within 3 months.  This is still a fair amount to spend, but is more manageable than spending $10,000 within 3 months – especially when you use Amazon payments, use WilliamPaid to pay your rent, or ChargeSmart to pay your mortgage and student loans and browse through the 40+ ways to complete minimum spending requirements

I’ve talked to executives at Citi and Chase and they acknowledge that the current environment of high sign-up bonuses with no spending requirements is unsustainable.  I shared a graph of Chase’s marketing expenses over the last year earlier and the spike in expenses in 2011 is very noticeable.

What Goes Up Will Come Down

And Chase is clearly making an effort to reduce their marketing expenses.  The credit card sign-on bonuses are reducing, affiliate commissions are reducing (I get paid less for the 40,000 point Chase Sapphire Preferred than I did when it was 50,000 points), and there are tiered mile and point bonuses tied to high spending requirements.

We’re going to see more offers which either require us to spend a LOT (at least to me) to get the sign-up bonus.  For example, you had to spend $10,000 within 3 months to get  the 50,000 point sign-on bonus on the recent American Express Business Platinum card.

Or which will give us a tiered bonus based on the amount we spend on the card like the British Airways card which gives you 50,000 miles after the 1st purchase, but requires you to spend $10,000 for the next 25,000 miles and another $10,000 for the last 25,000 miles.

To be clear – I don’t have inside information that the sign-up bonus on the Chase Ink Bold will have a higher spending requirement in future.

But I suspect that the current offer for 50,000 points after $5,000 in spending will follow the pattern of the Chase Sapphire Preferred and change soon since it has already changed on the Chase website.

Emily’s Chase Ink Bold

Emily just got approved for the Chase Ink Bold in her last App-O-rama and we’re still working towards meeting the minimum spending required to get the bonus.  I’ll most likely transfer the 50,000 point bonus to Hyatt where  I can use it for some really nice hotels which I couldn’t otherwise afford!  But I was also tempted to transfer them to United.

In my experience, you can get a Chase personal and a business card around the same time.  You usually have to call the reconsideration line (800-453-9719) to get approved.

I also like applying for business credit cards because it is an easy way to get extra points.

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.

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.

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.

The average age of your credit history should not decrease because the business credit line doesn’t sit on your personal credit report.  To me, this is a key advantage of a business credit card (besides the extra miles and points!)

Bottom Line:  I’m not going to say that you should apply for the card now because it will be harder to get the full bonus otherwise.  As always, the best time to get the bonus is when it makes sense for you to get it.

But I will say that there may not be as many generous sign-on bonuses, with no strings, attached as we have been used to seeing.

Link:  Chase Ink Bold Review

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30 responses to “Chase Ink Bold Sign-Up Bonus Reducing to 25,000 Points (from 50,000) for Most Folks?

  1. Anyone ever used ChargeSmart to pay your mortgage? Please give the comments.
    I tried many times to ask my mortgage company(Wellsfargo) to pay mortgage by credit card, they said no.
    I see Wellsfargo on the list of credit card accepted.

  2. do we know when the ink bonus goes down?

  3. The problem with the ink Bold is the high spend you have to meet.
    The Noob gave me this article to help me meet the spend on my Bold.

    If you can swing it. its a great value.

  4. Thanks, Darren
    I recently applied for the Freedom (35,000) and the Ink (60,000)…denied for both due to too many recent applications (and received) Chase cards..three since Decmber…I called for both…used very nice phone manners and had basic reasons why I needed these two…they said okay if I reduced credit line on existing cards…bingo!!
    I really appreciate all of your timely information and hints for reconsideration…they have worked for me!
    Keep the info coming….happy travels!!!

  5. Israel Husarsky

    @ Tom405-

    I did it twice. very simple but make sure the adress on the statement matches up to the one in the drop down fields.

    They charged about 2.25% but you get UR points & it is a very quick way to get the spending requirement taken care of & get the sign up bonus.

    @Darius – I think the glory days of easy 100k points (Capital one venture last year, Chase BA last year 100k very little spend, & now even the 50/60 k bonus are requiring heavy spending) are over!

    Even Amex gold which here & there does one day 75k bonus sign ups for 10k spend have gone from within 6 months to 5, then 4.

    They are looking for big spemnders before giving out major sign up bonuses.

    • @Tom405 – I see Wells Fargo listed as a provider whom ChargeSmart can pay, so you should be able to use ChargeSmart to pay for your WellsFargo mortgage payment. You have to make the payment from the ChargeSmart site, though, not from the Wells Fargo website.

      @dan – I’ve been told that my link will change, but don’t know when. I’ll keep you posted as I learn more.

      @Darren – I agree. Even $5K within 3 months is higher than the requirement on other cards.

      @toadhollow – Happy travels to you too!

      @Israel Husarsky – Thanks for helping out! I agree with you that getting the sign-up bonuses is going to get harder.

  6. Darius do you know a general time frame of when the link will change? (they have already told you that they are definitely doing it?) I applied for the Chase SW in Oct, Sapp Preferred in Jan, the United Explorer on Mar 6. Should I take the bold before it goes down? Any chance of getting a match to the 60k from last month if I do?

    • @cory – I’ve been told that my link will change and it makes sense for Chase to ensure that the offer on the blog is the same as what Chase is offering on their website. I believe that folks are still getting a match by calling in, but that could change anytime. If you’re willing to negate with the reconsideration line and answer questions about your business, you could apply for the card.

  7. I applied using your link just now. Both for my wife and I. Both apps pending. Fingers crossed!

  8. My wife got a “targeted” offer in the mail – 50,000 with NO spend requirement and was immediately approved. Funny because it’s MY business! I am a bit wary of applying right now as I have just got 9 new cards this year, 4 of which were from Chase. I did notice my credit score went from 811 to 758 with no other things that could affect it. I think I should build up my score a bit before trying for some more cards.

    But the Ink Bold is a Business card so I am not sure how that affects my credit score or whether the number of personal cards I have is a factor. I do have 2 business cards but will get rid of the Delta one shortly … What do you think, Daraius, should I test the limits of Chase or should I preserve my credit score?

    • @Sean – Thanks for using our links! In my experience, you have to call the Chase reconsideration line and they ask you questions about your business before approving you. They seem interested in the length of the business, future plans, current income levels etc.

      @Frank – Only you can decide if you should apply or not. The inquiry for a business card will show on your personal credit report (so you score will have a 3 to 5 point decline initially). However, the credit line won’t show in your personal credit report and won’t affect your utilization ratio. I’m pretty sure that Chase will look at your personal cards while reviewing your app, but if you have a business, you also have a reason to want the card. Sometimes it could take more than 1 call to get approved. Good luck with whatever you choose!

  9. Thank you for the heads up on the change in spend. I applied today instead of waiting until June as I had planned. Even though it has only been 2 months since my last Chase Card, I got approved. FYI – the Chase Business phone number listed has been disconnected. I don’t know the new one since I was connected to it from the main line. Your blog and posted resources, as well as the Q&A section has been invaluable. Thanks alot!!!

  10. @ Darren

    If I am having difficulty meeting the spend requirement for a card, I wait until a week or so before the deadline (to make sure the transactions will post) and I buy gift cards at the two local supermarkets where I do 90% of my regular food shopping. The rest I try to buy at the farmers’ markets.

    So, maybe I spend $1,000 or even $2,000 on these cards but I know I will be using this over a few months (I spend about $1,000 a month on these kinds of purchases). I think this is better than, say, Lowe’s or Best Buy or somewhere that may get you to buy something you don’t really need. Food we do need. The only negative I find is that you need to make sure you don’t lose the cards as they are not usually replaceable. I write my balance on each card with a felt pen to keep track. It’s also a nice way to give some money to beggars who ask for money for food (if you are so inclined) as they cannot exchange them for cash.

    Of course you have to have the money to buy these gift cards in the first place – but if you don’t then you certainly shouldn’t be getting this Ink card or any other with a spend requirement!

  11. Daraius
    I am very close to my 5,000 on my Ink Bold and I was told I would get the 10,000 bump when I reached that, we`ll see

    I am wondering, are you aware of any other business cards that have a 50,000 point bonus at this time ??

  12. Thanks for the timely reminder – I just applied and immediately called the reconsideration line, 10 minutes later I’m approved! As a data point, this will be my 5th Chase card and 15th credit card received since July 2011, when I first started with the credit application game. I was a little concerned as I just received the Chase United card in late Feb, and I was planning to wait longer than 3 months for the next cycle, but I figured one more application wouldn’t kill me… As always, happy to use the link you provided.

    • @hjk – Thanks for using our link – Emily and I are very grateful. I dialed the number in the post and it connected to Chase Lending Services!

      @Frank – Thanks for helping out!

      @Jerry – Other business cards with a 50K bonus are the Citi American Airlines business card and the Chase Southwest business card.

      @Erik – “but I figured one more application wouldn’t kill me…” I think we’ve all thought that at some time. Thanks so much for using our link – Emily and I are very appreciative.

  13. Thanks Darius! I applied using your link and called in for approval! 😛 Now, if I want them to bring it up to 60k should I call or secure message? Do I need to receive and activate the card first? How are my odds for that?

    • @cory – You likely need to know the last 4 digits of the card to send a secure message. You could try calling in, but it could be too early. But it doesn’t hurt to try – especially since they could stop matching any time. Emily and I are very grateful to you for using our link.

      @Tom405 – I don’t believe you have to call Chase, and I’ve not had any issue with using it to pay my rent.

      @Kelli – Applying for a business card will usually show as a credit inquiry on your credit report. However, the actual credit line does NOT sit on your personal credit report so it does not reduce the average age of accounts which you have. The effect of the credit inquiry is usually 3 to 5 points and you should regain that in a few months. If you have the old Ink Bold you should be able to get the bonus on the new Ink Bold as well. But I’m not sure if you can get the same card again with the same EIN, but different social security number (I’m guessing your husband got the card using the business EIN).

      You always should be paying attention to how many applications you make for credit. I wouldn’t recommend ANY if you have a mortgage or big loan in the next 2 years. Otherwise, a few applications should not reduce your score drastically. I suggest monitoring your score as you make applications to see first hand the impact to your score. And don’t do anything which you’re not comfortable doing!

  14. Thanks Isreal and Dairius,
    Your ChargeSmart comments are very helpful. It give me more courage to pay mortgage by credit card.
    Do you have to notify Chase before paying so that Chase will not label the mortgage payment as non daily expense?

  15. My husband and I are officers in a corporation of a long established business with an EIN. How do credit apps affect our personal credit? Applications generally ask for both the EIN and my SSN. When I apply for a business card, will the inquiry still show on our personal credit?
    I have the old Chase Ink Bold, but I would love to apply for the new Chase Ink Bold. My husband recently got the new one. I recently got the Freedom and United cards personally (after calling the reconsideration line).
    It is so tempting to take advantage of all the offers, but I am afraid I will over do it.
    So I guess my main question is do I need to be paying more attention to the number of apps on the corporations EIN or our individual SSNs or both?
    Thanks so much for all your great tips

  16. I was saving this app for my June o-rama (Received Chase SWA card in October11, Sapphire in Feb12). My vitals are all booming, even with 3 inquiries in Feb. I’m wondering if I should take the shot before this offer goes away, worst is always a No, right?

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  19. Darius, I love your blog.
    Just applied for the Ink Bold using your link.
    Also planning to apply for 2 other cards today, I did the 2xCiti HHonor (two browser) in February, do you know it is too soon to do the 2x Citi AAdvantage ?
    Otherwise I will do the US Air card and Chase UA Explorer (unfortunately no targeted offer for me, will try to ask them to match after applying), both of them have no min spend.
    My last Chase application was the Sapphire in Dec 2011 using your link also.
    Do you think Chase will approve 1 personal and 1 biz after 4 months?
    My credit score is around 780.

    • @Mike H – Do whatever you’re comfortable with, but you usually can get 1 personal and 1 business card around the same time from Chase.

      @Paula – Thanks! Citi automatically denies more than 2 applications within a 65 day period, so I’d wait a bit before applying for the AA cards. You should be able to get 1 personal and 1 business card, but may need to call in to get approved. The US Air card is usually a good choice for most folks since they use TransUnion which isn’t used by many other banks. Good luck!

  20. Have there been any reports of problems getting the second 50K bonus out of the Ink Bold by people who had the original one last year and applied again this year with the new terms and benefits? My statement closed and the 50K didn’t post despite passing the spending requirement. With my other ultimate rewards cards the 50K bonus posted right at statement time…

  21. Offer no longer available…bummer! Which is the next best card to sign up for as a business card? We just did the United, and I was hoping to do this one as well…

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