Chase Ink Bold
Here’s another great sign-up bonus offer from Chase!
Update: Here’s a link to my review of the current Chase Ink Bold offer with 50,000 points. The review below is for the OLD version, which is no longer offered.
You can get 50,000 Chase Ultimate Rewards points when you spend $5,000 on the Chase Ink Bold Business charge card within 3 months.
[I earn a referral if you apply for the Chase Ink Bold using the links in this post. Emily and I are extremely grateful to all readers who apply for the card using our link!]
This is a review of the OLD Ink Bold which had tiered spending bonuses. Here’s my review of the new Ink Bold.
The regular offer on the Chase Ink Bold is for 15,000 to 25,000 points so 50,000 points is very good!
And if you are a big spender (I know some of you are!), you get extra Ultimate Rewards points for crossing certain spend thresholds within 1 year:
- 7,500 bonus points after spending $25,000
- 15,000 bonus points after spending $50,000
- 25,000 bonus points after spending $ 100,000
These are the same Ultimate Rewards points which you can get with the Chase Sapphire Preferred card and can be transferred to the same airline (Continental, British Airways, and Korean Air) and hotel partners (Hyatt, Marriott, Priority Club) as the Chase Sapphire Preferred.
$5,000 is a lot to spend within 3 months, so this card is not for everyone. But I’ve received lots of emails for card recommendations, and you may be able to complete the minimum spend requirements with the help of these 40+ ways to complete minimum spending requirements.
But if you have to apply for only 1 business credit card, I’d recommend the 75,000 Citi AAdvantage business credit card with only $1,500 spending required in 6 months.
If you don’t have an established business, you still may be able to apply for this credit card. Lots of readers have received the Citi AAdvantage 75,000 bonus mile business credit card!
However, Chase is getting really (I mean really really) strict about not approving folks who have applied for multiple Chase credit cards, and who have had many credit card applications in the past.
I got quite the interrogation when I called the reconsideration line to get approved for my Chase Southwest Airlines card. And many readers have also commented that they had a Chase interrogation as well.
If you’ve been regularly applying for Chase cards, you may want to wait this out. I will not be applying for the Chase Ink Bold card because I just got approved for the Chase Southwest Airline card 2 months ago and don’t want to be flagged by Chase.
I have to keep reminding myself, “Must. Not. Apply.”
It is *very* hard!
Chase Ink Bold Review
1. Chase Ultimate Rewards 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 – $500 value
- Travel through the Ultimate Rewards Portal – $625 value
- Transfer to hotel and airline partners – $625 – $2,000 value
I’ve written a detailed review on the Chase Ultimate Rewards program in my review of the Chase Sapphire Preferred card so check it out for more details on the best redemption options for Ultimate Rewards points!
You can transfer Ultimate Rewards points earned via the Chase Ink Bold (but not Ink Cash or Ink Classic) , in a 1:1 transfer ratio, to:
- United Airlines
- British Airlines
- Korean Air
In short, my preferred way to redeem 50,000 Chase Ultimate Rewards points would be 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 a value of up to $1,000 a night!
But your needs will be different so do what’s best for you.
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. For example, Online Travel Review wrote about how to transfer Ultimate Rewards points to Korean Air and then use them for a flight to Tahiti!
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).
2. One Year Complimentary Priority Pass Membership. Your first 2 visits to lounges for you and a companion are free. Afterwards, you have to pay $27 per person for lounge access.
The Priority Pass Membership is provided for only 1 year with the Chase Ink Bold.
3. 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.
4. First Year Annual Fee Waived. The $95 annual fee is waived for the first year.
1. Foreign Transaction Fee. The Chase Ink Bold has a 3% foreign transaction fee which makes this an expensive card to use overseas.
In contrast, the Chase Sapphire Preferred does not charge foreign transaction fees and is a better way to earn Chase Ultimate Rewards points on international transactions.
2. Bonus Categories. Unlike the Chase Sapphire Preferred, you don’t earn double the points for dining and travel.
I find this peculiar for a business card offering!
3. Annual Fee. The $95 annual fee is expensive if you keep the Chase Ink Bold beyond the first year.
4. Bonus Points for Spend Thresholds. You get 45,000 extra points if you spend $100,000 on the card.
But you can get a companion pass on the British Airways card by spending only $30,000 and top tier Hilton Diamond status by spending $40,000 on the AMEX Surpass card so I don’t think this is a particularly good value.
The Chase Ink Bold is a great card for the 50,000 point sign up bonus and 2 free lounge visits since the annual fee is waived for the first year.
But the 3% foreign transaction fee, no bonus categories such as travel or dining, and the $95 annual fee don’t make it so attractive to keep in your wallet for everyday use.
I wish I wasn’t so maxed out with Chase, otherwise I’d apply for the Chase Ink Bold. What are you thinking of doing?