Update: The 70,000 point offer has now ended. The card still offers 50,000 points and has gone back to having no annual fee in the first year.
As of yesterday, Chase has temporarily raised the signup bonus on its popular Ink Plus card to 70,000 Ultimate Rewards points (normally 50,000 points). You’ll earn the points upon completion of a $5,000 minimum spend in three months.
In addition to the improved signup bonus, the card also offers the following benefits:
- Earn 5X 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
- Earn 2x points per $1 on the first $50,000 at gas stations and hotel accommodations
- Ultimate Rewards points can be transferred to Hyatt, United, Singapore Airlines, and other great partners
- There are no foreign transaction fees
There’s a $95 annual fee for this card, which isn’t waived for the first year.
For 70,000 (!) points, many of us will find the card to be well worth it. Among other things, you could use it for two round-trip domestic tickets (anywhere in the U.S. or Canada) and have 20,000 points left over. Or—much better—you could have two $1,000/night hotel stays at your choice of the best Park Hyatts in the world, and have 10,000 points left over.
I have this card and use it every day. Ultimate Rewards points are a valuable, flexible currency and I always try to keep a good stock of points on hand.
Since I already have the card, I’m not eligible for this increased signup bonus. If you’re eligible to apply and haven’t picked it up yet, now’s the time.