What Can You Get With the Ink Plus Card’s 70,000 Point Bonus?

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Update:   The Chase Ink Plus 70,000 point offer is no longer available, but check Hot Deals for the latest offers!

Update:   You can no longer transfer Chase Ultimate Rewards points to Amtrak.

The increased sign-up bonus on the Chase Ink Plus business card is now available to everyone online!  You’ll get 70,000 Chase Ultimate Rewards points after you spend $5,000 in the 1st 3 months.

Note: The Chase Ink Plus 70,000 point bonus offer ends on October 19, 2014.

Folks are excited about what they can get with all those points!  When used for merchandise, gift cards, or cash back, 70,000 Chase Ultimate Rewards points is worth $700 (1 cent per point).  If redeemed for travel through the Chase Ultimate Rewards travel portal, they’re worth $875 (1.25 cents per point).

But in my experience, the best way to get the most out of Chase Ultimate Rewards points is to transfer them to airline and hotel partners.  You can get thousands of dollars worth of travel by transferring them to partners like Hyatt, United Airlines, or Southwest!

What Can You Get With 70000 Chase Ultimate Rewards Points

You Could Get a ~$7,900 First Class Flight With 70,000 Chase Ultimate Rewards Points

Are you wondering about the best ways to use 70,000 Chase Ultimate Rewards points?  I’ll show you!

How to Make the Most of 70,000 Chase Ultimate Rewards Points

Link:   Chase Ink Plus 70,000 Point Limited Time Offer 

Link:   Chase Ultimate Rewards Transfer Partners

1.   Transfer Points to United Airlines

Link:   United Airlines Award Chart

70,000 Chase Ultimate Rewards points transferred to United Airlines can get you lots of travel on United Airlines and their partners.

For example, you could get a round-trip, coach class ticket from North America to Japan for 70,000 points and ~$48 in taxes and fees.

What Can You Get With 70000 Chase Ultimate Rewards Points

You Could Use the Chase Ink Sign-Up Bonus for a Round-Trip Ticket to Japan

I checked the United Airlines website to see what a ticket to Tokyo would cost in early April.  That’s when the cherry blossoms are in full bloom!

The cheapest ticket from Washington, DC, to Tokyo is $1,946!  And on some days, you’ll pay as much as $2,739.

What Can You Get With 70000 Chase Ultimate Rewards Points

Big Travel with Small Money! Almost $2,000 (or More) Worth of Air Travel When You Transfer 70,000 Points to United Airlines

That’s an amazing value just from 1 credit card sign-up bonus!

2.   Transfer Points to Southwest

Link:   How to Redeem Southwest Points

You have lots of options for using 70,000 points on Southwest.  Their award tickets are revenue-based, which means the number of points needed depends on the cash price of a ticket.

Generally, Southwest points are worth ~1.43 cents per point.  So 70,000 Chase Ultimate Rewards points transferred to Southwest are worth ~$1,001.

With 70,000 points (plus some of the points you’ll earn from meeting minimum spending requirements), a family of 4 could fly round-trip from Buffalo to Aruba for a tropical winter vacation!  Note that you will pay higher taxes and fees because Aruba charges departure and facility taxes.

What Can You Get With 70000 Chase Ultimate Rewards Points

~74,000 Points Plus Taxes and Fees Will Get a Family of 4 to Aruba on Southwest

This is still a bargain, because the cash price of these tickets is ~$1,555!

You’ll Get More Than $1,000 in Free Travel by Transferring Points From the Chase Ink Card to Southwest

You’ll Get More Than $1,000 in Free Travel by Transferring Points From the Chase Ink Card to Southwest

Note:   Chase Ultimate Rewards points transferred to Southwest do NOT count towards the Companion Pass.

3.   Transfer Points to British Airways

Link:   British Airways Avios Award Calculator

Transferring Chase Ultimate Rewards points to use on British Airways flights isn’t generally a good deal, because British Airways adds high fuel surcharges.

What Can You Get With 70000 Chase Ultimate Rewards Points

Transferring Points to Use on British Airways Flights Isn’t the Best Deal Because of High Fuel Surcharges

But a great way to use British Airways Avios points is for short-haul trips on partner American Airlines.  That’s because flights under 650 miles only cost 4,500 miles 1-way, or 9,000 miles round-trip in coach class.

So 70,000 Chase Ultimate Rewards points transferred to British Airways could get you almost 16 short haul 1-way flights, or round-trips (8 round trips x 9,000 points = 72,000 points).

I priced out a round-trip coach class ticket in March from New York to Toronto, a distance of 357 miles.  The cheapest fare was $361!

What Can You Get With 70000 Chase Ultimate Rewards Points

A New York to Toronto Round-Trip Ticket Costs at Least $361 in March

You could buy almost 8 round-trip award tickets using the sign-up bonus from the Chase Ink Plus card.  That’s worth at least ~$2,888!  And depending on destination and price, your points could be worth even more.

4.   Transfer Points to Virgin Atlantic

Link:   Virgin Atlantic Award Charts

Transferring Chase Ultimate Rewards points to Virgin Atlantic is usually not a good value, because they add high fuel surcharges to award tickets.

You could get 2 round-trip coach class award tickets from New York to London for 70,000 miles, but you’d also pay $1,000 in fuel surcharges.

What Can You Get With 70000 Chase Ultimate Rewards Points

You Could Get 2 Round-Trip Tickets to London With the Chase Ink Plus Sign-Up Bonus, but You’d Pay $1,000 in Fees!

A cheap paid ticket for the same route costs ~$1,254, so 2 round-trip tickets cost ~$2,508 (2 x ~$1,254).  So you’re really only getting a value of ~$1,508, because you’d pay $1,000 for 2 award tickets.

What Can You Get With 70000 Chase Ultimate Rewards Points

Paid Tickets Cost ~$1,254 Each, but Remember to Subtract the Cost of Fuel Surcharges to Figure Out If It’s a Good Deal

That’s not bad, as long as you don’t mind paying the fuel surcharges.  But I prefer using Virgin Atlantic miles other ways, like transferring them to Hilton at a 3:2 ratio.

5.   Transfer Points to Singapore Airlines

Link:   Singapore Airlines Award Chart

Singapore Airlines also adds fuel surcharges to their own award tickets, but if you don’t mind paying a little more, 70,000 points could get you some very Big Travel with Small Money.

What Can You Get With 70000 Chase Ultimate Rewards Points

Dreaming of Flying Singapore Airlines First Class? You Can With the Chase Ink Plus Sign-Up Bonus!

You could get a 1-way First Class ticket from San Francisco to Hong Kong on Singapore Airlines for 70,125 miles (including the 15% online booking discount) and ~$130.

What Can You Get With 70000 Chase Ultimate Rewards Points

A 1-Way First Class Ticket From San Francisco to Hong Kong Costs Just Over 70,000 Miles

But here’s what makes this an incredible way to use your Chase Ink Plus sign-up bonus.  The cash price of the exact same ticket is ~$7,905!  You’re getting close to $8,000 in value from 1 credit card!

What Can You Get With 70000 Chase Ultimate Rewards Points

Almost $8,000 in Value for Just Over 70,000 Points – That’s HUGE Travel With Small Money!

Singapore Airlines may just be the most value you can get from the Chase Ink Plus 70,000 point sign-up bonus!

6.   Transfer Points to Korean Air

Link:   Korean Air Award Chart

There could be situations where transferring Chase Ultimate Rewards points to Korean Air is a good deal.  That’s because you can use Korean Air miles on SkyTeam and other partners, and some awards are cheaper using Korean Air miles.

What Can You Get With 70000 Chase Ultimate Rewards Points

Korean Air Miles Can Be Used on SkyTeam Partners Such as Delta & Air France

For example, if you transferred 75,000 Chase Ultimate Rewards points (70,000 points from the sign-up bonus + 5,000 points from meeting minimum spending) to Korean Air, you could use them for 3 round-trip coach class award tickets to Hawaii on Delta!

That’s because Korean Air recently changed their partner award chart, and now considers Hawaii to be part of North America.  So round-trip coach class tickets cost only 25,000 miles!

What Can You Get With 70000 Chase Ultimate Rewards Points

It Costs 25,000 Korean Air Miles to Fly SkyTeam Airlines From North America to Hawaii in Coach Class

That said, do NOT transfer Chase Ultimate Rewards points to Korean Air until you know there are award seats available on Delta.  It can be difficult to find available award seats!

I priced 3 coach class tickets from New York to Honolulu in February and the cheapest I could find on Delta was ~$2,579!

What Can You Get With 70000 Chase Ultimate Rewards Points

Three Round-Trip Coach Class Tickets to Hawaii on Delta Cost at Least ~$2,579

That’s a good deal for 75,000 Chase Ultimate Rewards points!

7.   Transfer Points to Hyatt

Link:   Hyatt Award Chart

Emily and I often transfer Chase Ultimate Rewards points to Hyatt, because they’re 1 of our favorite hotel chains and you can often get very expensive rooms for a reasonable amount of points.

70,000 Chase Ultimate Rewards points is enough for 2 nights (at 30,000 points per night) at the top category Park Hyatt Paris – VendomeEmily and I stayed here on our honeymoon and loved it!

And you’d have 10,000 points left over!

You Could Treat Yourself to 2 Nights of Luxury at the Park Hyatt Paris – Vendome

You Could Treat Yourself to 2 Nights of Luxury at the Park Hyatt Paris – Vendome

If you paid for those nights, you’d pay almost $2,000 or more, depending on the season! 

What Can You Get With 70000 Chase Ultimate Rewards Points

Two Nights at the Park Hyatt Paris – Vendome Cost Almost $2,000

If you wanted to stretch your points, Hyatt’s category 1 to 4 hotels cost 5,000 to 15,000 points per night, and some of them are very nice!

8.   Transfer Points to IHG Hotels

Link:   IHG Hotels Award Nights

IHG hotels include Candlewood Suites, Crowne Plaza, Holiday Inn, Holiday Inn Express, Hotel Indigo, Intercontinental Hotels & Resorts, and Staybridge Suites brand hotels

Intercontinental Hotels & Resorts tend to be the most expensive and luxurious, with their top category hotels costing 50,000 points per night.

What Can You Get With 70000 Chase Ultimate Rewards Points

Hotels Like the Intercontinental Bora Bora Cost 50,000 Points per Night

You could get 1 night in an Emerald Overwater Villa at the Intercontinental Bora Bora Resort and Thalasso Spa, and still have 20,000 points left over.  If you paid cash for the room (refundable rate), it would cost 110,902 Francs (~$1,196)!

What Can You Get With 70000 Chase Ultimate Rewards Points

You’d Still Have 20,000 Points Left Over After Spending 1 Night in This $1,196 Overwater Villa in Bora Bora

And with your 20,000 points left over, you could get 4 more nights in an IHG PointBreaks room (5,000 points per night).  That’s a great deal!

9.   Transfer Points to Marriott

Link:   Marriott Award Chart

The 70,000 point Chase Ink Plus sign-up bonus is worth 2 nights at a Category 7 Marriott (35,000 points per night).

You could treat yourself to a mini-vacation in New York City and stay at the Courtyard New York Manhattan Herald Square, which is near Madison Square Garden and Times Square.

What Can You Get With 70000 Chase Ultimate Rewards Points

The Chase Ink Plus Sign-Up Bonus Is Enough for 2 Nights in Manhattan at the Courtyard Marriott Herald Square

This hotel’s rates start at $400 per night before taxes during peak season!  You’d pay $925 including taxes for a 2-night stay in July.

What Can You Get With 70000 Chase Ultimate Rewards Points

The Same Room Costs Over $900 for a 2-Night Stay

This might not be as good as transferring points to other hotel chains, but if you like Marriott hotels this could be a good deal for you.

10.   Transfer Points to Ritz-Carlton

Link:   Ritz-Carlton Award Chart

If you’re feeling indulgent, you could transfer your 70,000 Chase Ultimate Rewards points from the Chase Ink Plus to Ritz-Carlton, which are some of the most exclusive hotels in the world.

Note:   Ritz-Carlton and Marriott are actually the same award program, with different branding!  If you transfer points to either program you can use them for award stays at both hotel chains.

Maybe you’d like to splurge on 1 night at the top tier Ritz-Carlton Bachelor Gulch in Colorado for a winter ski break?  You’ll spend 70,000 points.

What Can You Get With 70000 Chase Ultimate Rewards Points

Rooms at the Ritz-Carlton Bachelor Gulch Come With Fireplaces to Warm You Up After a Day of Skiing

To compare, 1 night during peak season costs ~$1,515 (including the $50 resort fee)!

What Can You Get With 70000 Chase Ultimate Rewards Points

Would You Pay ~$1,515 for 1-Night at a Ski Resort in Colorado?

I don’t like skiing that much to pay 70,000 points or ~$1,515 for 1-night at this hotel, but I know some folks who would jump at the chance to use points for a stay like this!

11.   Transfer Points to Amtrak

Link:   Amtrak Guest Rewards

Most folks don’t consider trains when they think about luxury travel, but you could get a lot of value from transferring your 70,000 Chase Ultimate Rewards points to Amtrak.

For example, a 1-way First Class train ticket between New York and Washington, DC, costs 12,000 points.  So with 2,000 of the extra points you’ll get from meeting minimum spending, you could get 6 1-way tickets with the Chase Ink Plus sign-up bonus

That’s because it’s 72,000 Chase Ultimate Rewards points (12,000 for a 1-way First Class Amtrak ticket X 6 tickets).

What Can You Get With 70000 Chase Ultimate Rewards Points

The Acela Express Is the Only High-Speed Train Service in the US

A paid 1-way First Class ticket can cost $321 or more during peak times.

What Can You Get With 70000 Chase Ultimate Rewards Points

Want to Travel in Style on Amtrak? You’ll Pay $321 From New York to Washington, DC, in First Class

So if you used your sign-up bonus for 6 of these tickets, you’d get $1,926 or more in value (6 tickets x $321 per ticket).  Who knew the train could be such a good way to use points?

Bottom Line

You’ll get the most value from the Chase Ink Plus 70,000 point increased-sign up bonus by transferring them to airline and hotel partners.

Depending on which partner you transfer to and how you choose to use the points, you could get over $7,000 in travel – just from 1 credit card!

Which Chase Ultimate Rewards partner would you transfer your points to?

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

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7 responses to “What Can You Get With the Ink Plus Card’s 70,000 Point Bonus?

  1. My husband and I both have the Chase Ink card. I do have another little part time business. What do you think my chances of getting a card for that business might be?

  2. let me guess tomorrow headlines (or as a matter of fact, for the rest of the week)!

    10/2/2014 How to travel like a kind using 70,000 UR points that you will get from Chase Ink sign up.
    10/3/2014 Here are the 10 ways to use 70,000 UR points
    10/4/2014 Best ways to use those pesky 70,000 UR points
    10/4/2014 Don’t worry if you don’t a real business! you can still apply for Chase ink card
    10/5/2014 Have you ever sell anything on Craigslist or ebay or even a yard sale, you can still apply as a business owner for the ink card
    yada yada yada yada……..

    now we are getting at the end of this promo.

    10/8/2014 Don’t procrastinate, Hurry before the offers disappear (never to be seen again)
    10/8/2014 Have you applied for Chase ink card yet! Com’n on (we are little tight on meeting our quota on our affiliate links)
    10/8/2014 Here is what I am planning to do with my 70,000 Chase UR points (I don’t how many times I have applied for this card)
    10/9/2014 Readers’ question: how I can meet $5000 spending? Insert template from few months back
    10/09/2014 Now last call before I slap you in signing up for this card.
    10/10/2014 You guys are awesome (we met our quota) here is the winner of $25 Amazon Gift card
    10/10/2014 Thank you folks! we will see around in Singapore first class suite on our way to Sydney.

  3. Can I transfer these points to Choice or Hyatt, then to Southwest for my additional points to get the SW companion pass?

  4. I have small business registered under my wife and I. I have already gotten the Chases Ink Plus for it. Can my wife also apply for the same card and under the same business name?

  5. Just because something costs seven grand doesn’t mean an average person derives seven grand worth of benefit. There are plenty of overpriced things in this world, but it doesn’t mean their value to average person is the same as the sticker price. To me and I bet many if not most people 1st class is worth double at the MOST no matter for how many thousands it sells to the 1%

  6. Well, I applied this morning and got denied. I don’t really have an “established” business per se, but after reading a few of the posts that one might still qualify if their business is selling things online for instance (which I have). So I followed the application tips, and used a modest $200 income from this very small business. Acc. to Chase, here’s what worked against me….there was no mention of the “small business”, but it was my recent back-to-back Chase credit card approvals (Marriott Rewards and United Explorer) – both of which were approved in July/Aug respectively. I haven’t had a long payment history yet. I have paid my Marriott in full, and the United card’s 1st payment is just now coming up. Having said that, what’s a reasonable time to reapply? How long should I wait? Should this “denial” deter me from applying with Chase for the time being? Or should, I also take a break from applying with other card companies? Thanks!

  7. For those that live in the Northeast USA, move Amtrak way up on this list and, most likely, ignore the first class option.

    A same-day prime-time coach ticket to go from Boston to New York is typically around $125 while it is only 4,000 points, and, depending on the TSA’s mood that day, can be quicker than flying when going mid-town (e.g., Back Bay) to mid-town (e.g., Times Square) . 72,000 points gives you 18 of these for a value of around $2,250. And there is no question about the actual incremental value of first class (though for someone truly budget minded that would normally take the bus, their subjective value would be much lower).

    A same day express business class ticket from Boston to Washington, DC that complies with the departure rules is around $275 or 8,000 points which could imply a $2,475 value, though most would opt to fly that distance and the peak hours blackout makes it a bit difficult to use.

    As to regional business class, certainly not worth double points for a free soda. Express first class may be worth it to the same person that would go out of pocket for domestic first on a 737.

    Dave