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Last week I was traveling the day a Chase Ink Bold link for 60,000 points was discovered. I planned on probably applying when I got home, but that plan backfired when the application link was gone by then. That was the week that we learned how quickly the “unofficial” Chase links can get shut down! However, it wasn’t really quite time for me to have a new credit card application anyway, so I chalked it up to “wasn’t meant to be”. Next, I planned to have my mom apply for the Chase Freedom 35,000 link that was briefly uncovered before it was shut down last week. However, it was gone before I could talk to her and make sure that was the card she wanted next. That is 0/2 for those keeping score.
So, when this week we saw the Chase Ink Bold offer directly from Chase increase the minimum spending requirement from $5,000 over three months to $10,000 over three months, I decided I needed to move on that card sooner rather than later. You can read more about that offer changing here. Truth be told, I am a little bit tired of minimum spending requirements right now, so I really don’t want to commit to another $10K on a specific card when I can just commit to half of that by acting quickly. Then, yesterday I got an email that my affiliate links for the Chase Freedom 20,000 point offer are going to be deactivated at 10AM Eastern on Monday April 16th. Of course, that doesn’t mean that the offer won’t possibly be available elsewhere, or that it is even changing substantially at all, but since the Freedom offer available directly on Chase’s website is only 10,000 points, I don’t want a repeat of last week where I kept missing out on deals because I couldn’t get to them fast enough. Enough is enough.
In the event that the Freedom or the Ink Bold have a better offer come out within the next 90 days, I will secure message Chase and ask them to match the better offer. They have shown recently that they are pretty good about doing that, so I don’t feel I am taking much of a risk in going for these offers now.
Why I want the Ink Bold Business Card:
Application Link: Ink Bold℠ with Ultimate Rewards
I am sure frequent readers of this blog already know why I want the new Ink Bold….the 5x point categories of office supply stores, cell phone bills, landlines, internet, and cable TV services on the first $50,000 spent annually in those categories. It also awards 2x points per $1 on the first $50,000 spent annually at gas stations and for hotel accommodations when purchased directly with the hotel. Of course, the 50,000 Ultimate Reward point sign-up bonus after spending $5,000 in three months doesn’t hurt either! I do have the old Ink Bold that I got in November 2011, but there are many reports that you can get the bonus again as the new Ink Bold is considered a new product.
As expected, I received the “we are reviewing your application” screen when I applied yesterday. This was the same for me when I applied for the old Ink Bold. I plan to call early early next week and check on the status/try to convince them I am worthy of the card. I am quite okay with giving up the old Ink Bold card, if needed, to get this card. We’ll see what happens. I will keep you posted.
Why My Mom Wants the Chase Freedom Card:
Application Link: Chase Freedom® Visa
Update: the 20,000 point links are now dead. There are 10,000 point offers available. I have now linked to those new offers.
While running errands with my mom yesterday, I reviewed the various cards currently available that would work for her (because this is the sort of conversation one has with family when obsessed with miles and points) and she decided she wanted the Chase Freedom even though it has a lower sign-up bonus than most of the other options I gave her. She choose the Freedom for the quarterly 5x bonus categories like gas, groceries, restaurants, or Amazon, and because she likes Ultimate Reward points (she already has the Chase Sapphire Preferred Card), and she really liked that it had no annual fee, so she could just plan on keeping the card for the long haul. She has heard me talk about how beautifully the Chase Sapphire Preferred Card and the Freedom can earn together, and she wants in on that action. She doesn’t mind churning a few cards here and there, but by no means is a serious credit card churner, so likes the idea of a card that will be a permanent resident in her wallet. She also received the “pending review” screen, which also isn’t surprising from Chase. She currently has two other Chase cards – a Sapphire Preferred card she got around October 2011 and another non-rewards Chase she has had since dinosaurs roamed the earth.
It was a few weeks earlier than I had originally planned on applying for another card, but I just feel that offers are tightening up and I didn’t want to get left standing on the wrong side of the fence (again). Of course, this doesn’t necessarily mean it is the right time for you to apply for cards, but if these are two of the cards you are considering in the near future, just be aware the offers may be different in the near future. I only applied for one card this time, not because there aren’t other good offers out there, but because this is the one that made sense for me this time. I’m being very conservative with my applications right now as my credit score took a bit of a tumble when I paid off our old home after it sold. Funny how that works?! There are other cards I will go for later this year, but just not quite yet.
Are you getting in on some offers right now, or are you waiting to see what the second half of 2012 brings?
Disclosure: I do receive a commission if you applied for these cards using my links. As always, your support is appreciated!