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For quite a while Chase has offered another Ink business card besides the publicly available Ink Bold, Ink Classic, and Ink Cash. The Ink Plus was available only to people who received targeted offers.
This afternoon a reader who goes by tenzin alerted me that the Ink Plus is now publicly available. It appears in all ways to be identical to the Ink Bold, except that the Plus is a credit card whereas the Bold is a charge card. In other words, the Bold requires that you pay off your balance each month whereas the Plus lets you run the balance over time (and pay hefty interest charges). I don’t recommend ever taking advantage of this feature of the Plus if you can help it.
Features
Exactly like the Bold, the Plus offers:
- 50K bonus points after $10K spend in 3 months
- 5X for office supply stores, and on cellular phone, landline, internet, and cable TV services. 2X for gas and hotel.
- No foreign transaction fees
- 2 airport lounge visits per year
- Point transfers to popular airline and hotel programs
Click here to see more about the Ink Plus. I do not receive a referral commission for this card. [UPDATE: I do receive referral commission now]
Can I get both?
I do believe that this is a different product than the Ink Bold, so it should be possible to signup for both cards and get both signup bonuses. Conservatively you may want to wait 6 months between applications, however it wouldn’t surprise me at all if you could get approved in a much shorter time.
Is this the New Bold?
In the post “Exciting credit card rumors” I described hints given by Million Mile Secrets that indicated a new Ink Bold credit card was on its way. Is the Ink Plus that card? It certainly fits the description in that it is identical to the Ink Bold other than being a credit card. On the other hand, Million Mile Secrets suggested that this would be an Ink Bold, whereas this is called Ink Plus. Also, the Plus isn’t new. As far back as March I heard from readers who had received targeted offers for the Ink Plus. Despite those exceptions, it seems unlikely to me that Chase would make the Plus public and release a new Ink Bold. This must be it.
I’ll add the Ink Plus to my “Best credit card offers” and “Preparing for Miles” right away. Just like the Ink Bold, this is a great offer.
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[…] Ink Plus now publicly available! […]
I got the InkPlus on 11/1 and already spent $5,000. When it is the best time to apply InkBold. ( Hope the spending is not $10,000.)
What reason I can use when I call for Inkbold? I wish I applied IB first.
Thanks.
pumkinM: If you “have” a business with a different name you can simply say that you want a card specific to that business.
Than P: actually very easy for this one. Say you may need to carry a balance sometimes (which you can do with a credit card, but not a charge card). Banks make more money when you do so, so they should be happy with that
Miler, what would be the reasons people give chase if asked why they wanted an Ink Plus when they already had the Bold? Aside from separate spendings, which is kinda overused by now lol.
@Frequient Miler…what do you think of this plan.
I currently have the free Sapphire card, and recently received the Sapphire Preferred ($2K spend in 3 months needed to get 40K points). I also have a Southwest Visa with the annual fee coming up in November.
Do you think it’s possible to call Chase to close out the SW card, and apply for the Ink Bold as well as the Ink Classic? With both Ink cards, I would receive a combined 50K points, assuming I spend $5K in 3 months on the Plus card. I would probably not shoot for the extra 25K points by spending $10K in 3 months since I can only spend so much…
Then, before the year is up, I could close out the Bold and apply for the Ink Plus to get another 25K points, and shoot for the extra 25K points as well.
Ray: I wouldn’t recommend applying for both Ink cards at once, but yes it makes sense to get both (wait 3 months between applications). Also, don’t close accounts until you’ve used them as bargaining chips. Here is the path I’d recommend:
1. Apply for the Ink Bold
2. Call the business reconsideration line for instant approval ( 800-453-9719). If they resist approving the card you can tell them that you’re willing to cancel the Southwest card in order to free up credit for the Ink Bold.
3. Wait 3 months (or so) to apply for the Ink Classic. Call the reconsideration line and, if necessary, offer to move some of the Ink Bold credit line to the Ink Classic
4. Wait until the Ink Bold annual fee comes due to apply for the Ink Plus (as you suggested). Call the reconsideration line and offer to close the Ink Bold if they’ll move the credit line over.
Great! Thanks so much for the advice. Still learning, you know…My wife and I both have great credit and pay off our cards each month. I’m so happy to have found your site which has shown me how to take advantage of our credit scores, due to us being responsible in our spending habits. Love to travel, but don’t like paying for it!! Your point strategy is genius!
[…] Ink Plus now publicly available! […]
So, when applying this, do you login to your user or fill out new application and link later?
does it matter?
Chris: I don’t think it matters
[…] have a large spending requirement to get a full bonus. I’ll post some-more about this soon, but Frequent Miler has a post adult now if we wish some-more […]
Yes.
so the question is can you charge 50,000 on both cards in year at certain kinds of stores? I’d gladly pay the annual fee if you can…..
Titan – Don’t be greedy.
Do you think one can apply for both Chase Ink Bold and Ink Plus cards together?
@Greg The Frequent Miler: Thks. On this 2 business card, are the business the same name or different names. When applying for business card, it asked for a “login” to prefill the info, do you login or fill out application as it is.
I do have a business. It is a sole-p, but the business is under my wife’s name, but I am pretty much 100% running the show.
@binger: Wow…6 and 1 eh…
[…] have a large spending requirement to get a full bonus. I’ll post some-more about this soon, but Frequent Miler has a post adult now if we wish some-more […]
If I get the Plus, can my wife get her own Plus, for the same Biz, same EIN?
Preacher: yes, I believe so