UPDATE: Chase has now pulled this offer. It looks like the opportunity to get the Ink Plus card is officially over.
Though most application pages for the Chase Ink Plus card have been pulled, you can still apply for it, with a 60k Ultimate Reward point signup bonus, through this link.
At first it might seem like applying for the new Ink Preferred over the Ink Plus is the answer since the Ink Preferred is currently offered with an 80k Ultimate Reward point signup bonus. However the bonus category structure differs significantly between the cards and many readers may actually prefer the more lucrative 5X multiplier of the Ink Plus.
With the Chase Ink Plus you’ll earn…
- 5 points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year
- 2 points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year
- 1 point per $1 on all other purchases with no limit to the amount you can earn
To get the Ink Plus’ 60,000 Ultimate Rewards points signup bonus you’ll have to spend $5,000 on purchase in 3 months from account opening. The $95 annual fee will be applied to your first statement. There are no foreign transaction fees for this card.
The 60,000 Ultimate Rewards points you can get with this offer are worth about $1,260 per my valuations! I’ve reaped great value from UR points by transferring them to partners including Hyatt, United and Southwest and also through direct redemption via the Ultimate Rewards travel portal.
It looks like the Ink Preferred is replacing the Ink Plus so I expect the Ink Plus to go the way of the dodo in the future. If you want it, get it now before it disappears. Getting the Ink Plus won’t necessarily prevent you from getting the Ink Preferred in the future as they are different products.
For a bevy of additional info on the Ink Plus, check out my post in which I pitted it against the SPG Business Amex card.
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Are you going to take advantage of this offer? Share your thoughts in the comments below!