Holy 70,000 Bonus Points on the Ink Plus, Batman

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I just got an email form Chase indicating that the Ink Plus is offering 70,000 bonus Ultimate Reward points if you get the card by October 10th and spend $5,000 in the first three months.  That is huge.  Huge.  Holy Batman huge in my book.  Existing cardholders get 10,000 bonus points for referring new customers to the Ink Plus, up to 50,000 per calendar year, though it seems not every account is eligible to make the referral.

As an existing cardholder I’m happy to refer you, or if you have a spouse/friend with the card that is even better so they can get the points.  There may well be a public link out there either now or in the near future, too, I’m not sure yet.

Update: There is indeed a public link now available, so of course get referred by a friend/family member if you can so they earn points, but if that doesn’t apply to you then you can access the offer here – Ink Plus® Business Card.

I’m still waiting for my test referral emails to go through, but the example offer email displays as below.  It looks like the $95 annual fee is not waived the first year, though for 70,000 Ultimate Reward points I’m not complaining.

Terms and Conditions:

You will receive 10,000 bonus points for each business owner you refer through this Refer-A-Business site by 10/10/2014 (up to 5), whose First Use of the card occurs by 1/21/2015. Maximum bonus point accumulation for this offer is 50,000 bonus points. We may provide you with future opportunities to earn bonus points by referring fellow business owners to Ink Plus. You may earn bonus points up to the stated maximum for each offer, however, please note that if you take advantage of multiple opportunities within one calendar year that the maximum number of bonus points that can be awarded from all referral offers is 50,000 per calendar year. Please allow 6 to 8 weeks after each new cardmember’s First Use of the card for bonus points to post to your account. (“First Use” is a purchase, balance transfer, or any check that accesses the account, and does not include cash advances, cash-like charges such as travelers checks, foreign currency, and money orders, overdraft advances, interest, unauthorized or fraudulent charges, or fees of any kind, including an annual fee, if applicable.) Your bonus will appear on your statement as “Refer-a-Business bonus.”

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Pingbacks

  1. […] A third option for earning points is to refer friends.  If you already have the Ink Plus card, go to this site to see if you have been selected to earn 10,000 points for each business owner you refer by 10/10/2014.  Maximum earnings allowed: 50,000 points.  If you would like the opportunity to refer others, feel free to recruit people via the comments below.  Hat Tip: Mommy Points. […]

Comments

  1. I received a message after filling out my name, ZIP and card numbers stating that the promotion was being tested and not everybody was eligible to refer friends.

  2. If anyone would like to apply, please reply to this post and include your e-mail, and I will be glad to refer you, and will do so quickly! 70k is amazing.

    Best,
    Justin

  3. Do you have any recommendations on how to apply if you don’t have a business with lots of earning? I tried applying for the Ink a few months ago and was rejected (I said I had an eBay business with small earnings).

  4. Any idea if the new customer pays a first year annual fee on your offer? I rec’d the same or similar offer/request for referrals from Chase, and got similarly excited. But I experimented with the link they sent me, and saw that the referral pays a 1st year annual fee, which is expensive for an extra $20K points for them and $10K for me. I’d be REALLY Holy Batman, Stop the Presses excited if the referral wasn’t charged that 1st year fee. I’ve not applied for the 70K-bonus Ink cards for myself for precisely the same reason.

    • Gerry,

      You can just use 9.5k of the extra 20k to give yourself a $95 statement credit (if you’d like, not sure if I would do that myself)! Then you still net an additional 10.5k, even after accounting for the annual fee! So it’s definitely a better deal than the 50k. Let me know if you want to apply!

      Justin

    • Gerry, I added a shot in the post of what the offer appears to be (test referrals haven’t gone through yet…took days with the Freedom, so this may be similar). It does look to have the $95 annual fee, but I personally think 70k points more than is worth that, and certainly is even still worth the extra 20k over the “standard” 50k offer that has the fee waived even if you redeemed for travel at fixed value, but everyone needs to do their own valuations of course.

      • @Mommy, I suppose you’re right. Someone with an extra 20K points could redeem 9500 for cash against the annual fee. Seems so … sacrilegious but makes 100% mathematical sense. I get it now.
        @Justin, thanks for the offer. As I indicated, I got the offer from Chase to refer others like you did, so not looking to apply.

  5. Just incase anybody still needs a referal, I have 4 left. csubomb05 at yahoo! dot commmmmm (just one m…you know that) 😉

    Here’s to everyone getting on the gravy train! 😀

  6. So, last year the 60k offer ran from June 16th – 22nd, but I’m pretty sure we knew how long it was going to last at the time. No suggestion when this one will expire?

    • Glenn, not the public offer, but the referral offer I sent from my own Ink account said October 11th for referrals. Not sure if that date has any relevance to the public offer.

  7. Question – I am VERY new to the miles game 🙂 – and I was at first leaning towards the Barclay Mastercard bc it seemed like that would get the most bang for our buck (we don’t travel often – maybe twice a year with our family of 5) but I’m wondering with this sign up bonus, would this be a better card to get? I’m so overwhelmed!

    • Rachel, well this is a bigger sign-up bonus. The best we have ever seen for this card, so that tips the scales for me. However, it is a small business card and does have a higher spending threshold than the barclaycard. If either of those two things is a problem I’d go for barclaycard.

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