Update: Read about the updated offer here.
[Application link: Chase Ink Plus (credit card)]
The month of May has been good to Chase bankers and this deal only strengthens that – 50,000 Ultimate Rewards points can be yours with one business card application today. Here’s the breakdown:
- 50,000 Ultimate Rewards points after spending $5,000 in 3 months
- $95 annual fee (first year waived)
- 5 points per $1 spent on office supply, cell phone, landline, internet and cable services
- 2 points per $1 spent on gas and hotels
- 1 point per $1 spent everywhere else
- Ultimate Rewards benefits (transferable to major airlines/hotels, 20% discount when booked through Ultimate Rewards, exclusive offers, etc.)
- No foreign transaction fees
- Approval difficulty: Hard (~700+ credit score with good income)
- Churn status: Moderate (both cards can be had at once, then reapplied after 24 months)
This is the best offer currently on the market (unless you’re able to hit the spend and cancel before the fee posts on the 75,000 American Airlines offer from Citibank) and one I highly encourage you to apply for if you have even the smallest of businesses.
There are a few reasons I recommend this so strongly: Chase has among the best customer service out there (meaning you call and a human answers), their website and mobile application are top notch and they seem to have branches everywhere.
But the #1 reason that this is one of my top cards is the flexibility of the Ultimate Rewards platform. Transfer partners include major airlines like United, Southwest and British Airways, and major hotels like Hyatt, Marriott and InterContinental Hotels Group (IHG). See a full list of travel partners below.
Update: Chase Ultimate Rewards points are now transferable to Singapore Airlines in addition to the above partners. This enables award seats on some of the most luxurious flights in the world. See the Singapore Airlines award chart by clicking here.
In addition to transfer partners, the Ultimate Rewards platform has their own built-in tool to book travel. And when you use the platform you receive a 20% discount on your points, so a $1,000 booking (usually 100,000 points) would cost 80,000 points. I haven’t used the booking tool much as I’ve typically found better use of the miles by transferring. But that isn’t always the case, and the added option is a big selling point. As a final point, booking through their internal tool will still allow you to earn frequent flyer miles on the airline – so you can use miles to earn miles.
The main reason you won’t apply? You don’t think you have a business. My take: at the very least, look at my top 5 mistakes to avoid when applying for a new credit cardto see why that may not be the case. These 50,000 points are up for grabs if you have any form of alternative income that could be considered a business.
As a reminder, having a business with as little revenue as a few hundred dollars – combined with the usual high credit score, solid income, and low debt – can result in an approval. If you are still questioning if you can be approved, I recommending searching "Chase" in this database to see similar applicants in your respective state.
Disclaimer: Photos credit to Chase.