Positive Report of Getting the New Chase Ink Bold 50K Bonus After Having the Old Ink Bold

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Ever since Chase revamped their Ink Bold business card in November, I have been itching to get my hands on the The New Ink Bold.  While the old Ink Bold had spending threshold bonuses and provided a 20% point bonus if you had a Chase business checking account, the new Ink Bold provides better overall benefits for my family’s spending needs. I had initially assumed that Chase would allow those with the old Ink Bold to switch over to the new benefits, if desired.  However, that was not the case, and myself and many others have been told that since this is an entirely new credit card product, you have to apply for the new Ink Bold to get the new benefits.  Of course, that brought up the question of whether or not those of us with the old Ink Bold will get the 50,000 Ultimate Rewards sign-up bonus if we get the new Ink Bold.

Today I saw the first report of someone saying that they did indeed get the 50,000 Ultimate Reward bonus for the new Ink Bold after also getting the 50,000 point bonus for the old Ink Bold.  Woohoo!!!  Check out post #4 in this thread.  Granted, this is just one report, but it makes sense since Chase is treating this like a new credit card.  Whether or not I get the sign-up bonus again, I will be applying for the new Ink Bold before the end of the year.  However, I am very excited to know there is a decent chance of getting the 50,000 Ultimate Reward point sign-up bonus again.  I find those points to be extremely valuable since they transfer 1:1 to Continental/United, Hyatt, British Airways, Marriott, and more….  In case you are weighing the pros and cons of the old Ink Bold and the new Ink Bold, here is a quick summary of the differences between the two.

 Old Ink Bold (through November 2011):

  • You receive 7,500 bonus points for spending $25,000 annually; an additional 15,000 bonus points after spending $50,000 annually; and an additional 25,000 bonus points after spending $100,000 annually.
  • This card does charge a 3% foreign transaction fee.
  • $95 annual fee.
  • No point bonuses for spending categories.  All purchases earn 1x Ultimate Rewards points.
  • Can pair with a Chase business checking account (though I have read some limited reports that said personal works as well) to provide a 20% bonus on points earned.

The New Ink Bold

  • Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, on cable and wireless service, and landline communications.
  • Earn 2x points per $1 on the first $50,000 spent annually on gas and hotel expenses.
  • No spending threshold bonus or Chase checking bonuses.
  • No foreign transaction fees.
  • $95 annual fee.

If you spend a significant amount on this card each year, and most of those expenses are outside of the bonus categories on the new version of the card, then you are probably best served by sticking with the old Ink Bold.  However, for the rest of us who don’t have tons of annual spending on this card, the new card is probably the better bet – especially if you have some spending on the card outside the United States.

I would love to earn 5x on my cable, cell phone, and landline expenses.  As embarrassing as it is, we probably have over $500 in expenses from those categories each month.  At $500 per month, the difference between 1x and 5x points on those categories alone is 24,000 Ultimate Reward points per year.  That is a pretty significant amount for bills we were going to have to pay anyway.  Of course being able to get 2x for gas and hotels is also a significant benefit for my family.

I can’t promise you will get the 50,000 point sign-up bonus for the new Ink Bold if you had the old Ink Bold, but I can tell you it is looking pretty good so far (update you can get both)! Remember, this is a business card, so you need to have some sort of business to apply.  Do you sell things on eBay, Etsy, etc….?

Let me know if you have the old version of the Ink Bold and have since applied for the new version.  Did you get your sign-up bonus again?  Do you plan to try for the new Ink Bold in the future?

 

Disclosure:  I do receive a sign-up bonus in the event you are applied for the new Ink Bold with my application link.  As always, your support is greatly appreciated. 

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Comments

  1. great find. I have the old Ink Bold like you and wanted to switch but they said no and that I would have to reapply again. I will have to take them up on that.

  2. I also wanted to simply switch over to the new Chase Ink Bold after I got it at the end of November but was told I couldn’t. Maybe this will work out better after all!

    I am considering which Chase cards to throw in my next app-o-rama and the Chase Southwest Business didn’t have any competitors for the biz card spot. Now, it might, although I’m still probably going to wait until my next AOR for a new Chase Ink Bold. I just finished my minimum spend on the last one!

  3. @bluto, I may have to take them up on that as well. 😉

    @Extra Pack of Peanuts, I’m thinking this may work to our advantage as well. It is always so hard to decide what to include from Chase. I feel your pain!

  4. I didn’t push the issue with Chase, but it took about 3 months for me to get the letter notifying me about the 20% extra points for having a Chase personal checking account with the Ink Bold card.

  5. I keep thinking about this card but get stuck when it says “I agree this is a business account and shall only be used for business purposes and not for personal, family or household use”. We do have a (very) small business but can’t really hit $5000 spend in 3 months for the bonus. Do you think a lot of people stretch the “business use” part of it?

  6. I am the sillypainter, and yes I got the 50K, please don’t wait to apply…You WILL get the bonus.

    A personal story:

    I was having problems applying for Chase cc’s for the last 2 years, I was always automatically declined, I was begging the biz banking lady in my branch to help me, but it always seemed like I’m talking to the wall.

    Until I read somewhere about the Chase lending services team, I must tell you they are the real power people, I got approved in a short 6 weeks for 4 cards.

    1. Sapphire preferred
    1. Pres+ Continental (first year free promo)
    1. Chase ink bold “exclusive card”
    1 chase ink bold “5-2-1 card”

    Now, you tell me who are the real powr people?

    Their phone number

    Biz 18004539719
    Personal 18882450625

    For the biz line be prepared for a short interview about your business, profit, forcast etc.

  7. i got my inkbold card in oct-nov time frame. I cant figure out if its the “old” or the “new.” How can i figure this out without asking the phone CSR directly?

  8. @David, that is great news that you got it with a personal checking account. I may have to ask Chase about that for my own account.

    @Jonathan, not sure the best way to answer this. I guess my best answer would be to say that I am certain some people use the card for personal spending, at least at first. Whether or not you choose to do that is up to you. 😉

    @sillypainter, thanks a million for sharing the info. Congrats on all the approvals!

    @dan, if it was October it was the old card. If it was anything but the very end of November, it was the old card. I think the new card came out on 11/28. If you pay foreign transaction fees it is the old card. If you get 5x or 2x points on some purchases, it is the new card. Hope that helps!

  9. I THINK i have the old card:
    my first transaction on the card were in october 2011, so thats when i got it and started using immediately….
    ..but….i called and they said I do NOT have any transactions fees, and I do NOT get the 5x points on office supplies, which the CSR responded with “thats our other card”

    • @Dan, if you got it in October it is the old card. I wonder if they eliminated transaction fees on the old version, too?? I’ll have to check into that. Either way, you have the old card. You thinking of going for the new one as well?

  10. …buying a house so that comes first, afterwards the NEW INK BOLD card is at the top of the churn list, Along with at least one other BOA issued card, maybe 2, and hopefully the 80k Priority club card.

  11. Got my first Ink Bold in October, got my second one with the better rewards options in February… they pulled all three credit scores both times, but I got the cards without having to make a call either time. Agent confirmed that the new card is 50K bonus eligible. Counting my blessings, and not going to push my luck with Chase for a few months at least.

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