70,000 Chase Ink Plus Points = $700 in the Bank!

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70,000 Chase Ink Plus Points = $700 in the Bank!

Million Mile Secrets70,000 Chase Ink Plus Points = $700 in the Bank!Million Mile Secrets Team

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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!

I love to get Big Travel with Small Money, but for some folks the cash is worth more!

Although redeeming points for flights and hotels is usually the best value, but personal value can vary based on your needs.

The 70,000 Chase Ultimate Rewards points you get with the Chase Ink Plus card can be used in many ways, but the easiest way might be to get a $700 statement credit or deposit into your bank account.  And that’s OK!

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

70,000 Chase Ink Plus Points 700 In The Bank
Sometimes It’s Nice to Have a Little Extra Cash in Your Pocket!

How to Get a Cash Back With Chase Ultimate Rewards

Cashing out 70,000 Chase Ultimate Rewards you earn with the Chase Ink Plus card is easy!

Step 1 – Log-in and Go to Ultimate Rewards

Sign-in to your Chase Ink Plus account and click the Ultimate Rewards logo.

70,000 Chase Ink Plus Points 700 In The Bank
Click on the Ultimate Rewards Logo to Use Your Points

Step 2 – Select Cash Back and Your Redemption Method

Click “Cash Back.”

70,000 Chase Ink Plus Points 700 In The Bank
Choose “Cash Back” From the Menu at the Top of the Screen

Decide whether you want to receive your cash back as a statement credit or deposited into your bank account.

70,000 Chase Ink Plus Points 700 In The Bank
Then Enter the Amount You Want to Redeem!

You Can Get More Value With Airline & Hotel Partners!

You can get the most value out of Chase Ultimate Rewards points by redeeming for travel.  For example, you can transfer 70,000 points to United Airlines towards a 1-way First Class flight to Kauai and you’d still have 20,000 points left over!

70,000 Chase Ink Plus Points 700 In The Bank
Without Points, a 1-Way First Class Ticket to Kauai Could Cost You ~$2,000!

Or you could also transfer your Chase Ultimate Rewards Points to Hyatt and stay 2 nights at the Park Hyatt in Beaver Creek, Colorado.

70,000 Chase Ink Plus Points 700 In The Bank
The Park Hyatt Beaver Creek Can Cost ~$900 per Night During Ski Season!

So Why Use Chase Ultimate Rewards Points for Cash Back?

The highest dollar value may not always be the right choice.  So do what works for you!

  • Sometimes in life, unexpected expenses pop up that are more important than travel.  And if $700 helps you to pay your bills on time, then it could be worth it.
  • For folks whose travel involves cruises and road-trips, the flexibility of cash could make sense.
  • Do you have a friend who is NOT into our hobby of getting Big Travel with Small Money?  You might be able to persuade them to get the Chase Ink Plus for the $700.  Then after they have the card, you can show them how to use it for travel.  Sneaky! 😉

Bottom Line

There are lots of way to use the 70,000 Chase Ultimate Rewards points you earn with the Chase Ink Plus.  While you can get more value from transferring your points to airline and hotels partners, cash back works better for some folks.

If you want more flexibility, have trouble paying your bills, or want to add to your savings account, getting $700 in cash back is an excellent choice!

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Hi Darius,

Thank you for your most helpful posts. I am not sure if you have mentioned it or not, but please note the important offer details before applying. The conditions preclude us from applying for this card, as we have received previous bonuses within the past 24 months. Copied from the application “OfferDetails” :

“This new cardmember bonus offer is not available to either (i) current cardmembers of this business credit card, or (ii) previous cardmembers of this business credit card who received a new cardmember bonus for this business credit card within the last 24 months.”

Haha, Sneaky!!! I love that strategy to convince my friends to get into the game.

I appreciate your posts, I have been a loyal follower of this blog and learnt a lot of travel tips. I agree with the other comments here, I am disappointed to see posts every day about Chase Ink Plus. Please stop it, it will alienate a lot of users who are visiting your blog regularly for new content.

Hey D–

Is it true that Amex Serve no longer accepts Chase cards for the online CC upload?

PS– These other fruitloops can stop complaining anytime. MMS is just describing other ways to use potential UR points. If you don’t like the post, don’t read it.

Why not mention the 95dollar annual fee that must be paid upfront?

It is still a decent deal once you meet the spend amount you’ll get a minimum of 750.00 (-95) = 655.00 in cash and have 12 months to earn more by shopping at office stores and paying cell phone/cable bills for max earnings.

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