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Mega-credit card sign-up bonuses come around a few times a year and they rarely last very long. To make things tougher, we don’t always know exactly when the limited time offers will end.
Ink Plus® Business Card: Limited Time 70,000 Ultimate Reward Points after spending $5,000 in the first three months, $95 annual fee
The Chase Ink Plus 70,000 Ultimate Reward points offer is one of those big offers that will not last for long, and at least part of the offer is ending today (October 10th), and it is possible the entire offer will cease working online for new sign-ups today.
The offer limited time 70,000 point offer is available online via direct links like the one posted above, but it is also available via referrals from some current Ink Plus cardholders. When you are referred by a current cardholder you get the increased 70,000 point offer and the person that refers you also gets 10,000 points.
Today is the last day you can refer friends and family members to the 70,000 point offer via your own Ink Plus. They then have until October 20th to apply. Note that this lag may be in part because the email referrals don’t seem to go out instantly. As an example, I sent myself a test referral the day the offer came out on September 29th, and it didn’t arrive until October 2nd.
How Good is the Sign-Up Offer:
The regular offer for the Ink Plus has been 50,000 Ultimate Reward points after spending $5,000 in the first three months. We have seen a limited time 60,000 point offer during Small Business Week earlier this year, but to my knowledge we have never before seen a 70,000 point offer available online.
Using 70,000 Ultimate Reward Points:
You can not only use Ultimate Reward points at a rate of 1.25 cents each toward travel for a minimum of $875 in value from this sign-up bonus, but you can transfer them 1:1 to a number of hotel and airline partners. I featured ten fun ways to use 75,000 Ultimate Reward points in this post, but here are a few Ultimate Rewards basics.
Ultimate Rewards Transfer Partners:
United, Hyatt, British Airways, Southwest, Marriott, IHG Rewards, Singapore KrisFlyer, Korean Air Skypass, Ritz Carlton, Virgin Atlantic
70,000 points can do a lot for you via transfers to many of those programs. For starters, you can get three 25,000 domestic round trip saver tickets on United once you hit the 5,000 point spending requirement, or five nights at Category 4 Hyatts such as the Grand Hyatt Baha Mar in the Bahamas, or close to $1,000 in Southwest Wanna Get Away fares!
Earning 5x Points:
While the 70,000 sign-up points are clearly a massive attraction for this card, the reality is the Ink Plus is also one of the very best ongoing earning cards out there. It earns 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services and 2X points per $1 on the first $50,000 spent annually at gas stations and for hotel accommodations purchased directly with the hotel.
I have my cell phone, internet, cable, landline, etc. all auto-billed monthly to my Ink cards and that is a very easy way to rack up lots of 5x points.
Small Business Card:
The Ink Plus is a small business card so you do need a small business in order to apply. This does not mean you need a brick and mortar store, employees, or even an EIN. You can apply as a sole proprietor using your SSN and without an EIN if needed. If you have a small photography business, child care business, resell business, blog etc. you may qualify for a small business card. There are no guarantees, but don’t discount a small business you run just because it is small.
The clock is officially ticking on the Ink Plus® Business Card, and at least part of the offer is ending today. Only time will tell if the entire offer ends today or not, but if you have been meaning to apply, I don’t know if I would take that chance since this is a very increased bonus over the normal level.
Did you pull the trigger on a 70,000 point Ink Plus?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.