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For a limited time, the Chase Ink Plus and Ink Bold are offering 60,000 bonus Ultimate Rewards after spending $5,000 on the cards in the first three months.

All you really need to know is that the Inks were already the best rewards cards on the market with their normal 50,000 bonus points, so this limited time offer makes the best cards 20% better.

But if you want to know more, I’ve got more!

  • What can you do with Ultimate Rewards?
  • What are the best awards with all Ultimate Rewards’ major partners?

The Chase Ink Bold and Ink Plus are business cards that earn Ultimate Rewards.

What is the best way to use Ultimate Rewards?

Ultimate Rewards earned on the Ink Bold and Ink Plus can be used for 1.25 cents toward travel expenses. Don’t use them that way.

They can also be transferred 1:1 to:

  • United miles
  • British Airways Avios
  • Southwest Rapid Rewards
  • Korean miles
  • Virgin Atlantic miles
  • Hyatt points
  • plus three other hotels and Amtrak

There are fantastic values with the first six partners, such that transfers should get you far more than 1.25 cents of value per point.

Best United Values

Economy awards on United’s chart are a pretty fantastic value to everywhere in the world except domestically and to Southeast Asia.

For premium cabins, I like:

  • United BusinessFirst to Europe for 57,500 miles each way
  • United Global First to Australia for 80,000 miles each way
  • United flat bed BusinessFirst to Lima for 35,000 miles each way
  • United flat bed BusinessFirst to Southern South America for 55,000 miles each way

Best British Airways Avios Values

There are currently some insanely excellent values on British Airways awards. British Airways charges an amount of Avios for each segment based on its distance and cabin, so the best awards tend to be short, direct, economy flights.

British Airways collects fuel surcharges on flights on many of its partners, so avoiding those surcharges is also important.

British Airways has just lowered the price of Cash & Avios economy awards, so that you can use as few as 30% of the normal Avios needed and pay the rest at a rate of about 1.1 cents per Avios.

This has led to awards like Phoenix to Hawaii for 4,000 Avios + $97.50 each way or Miami to Manaus, Brazil for the same price.

Domestic awards on American Airlines start at 4,500 Avios + $2.50 depending on distance. I currently find myself wishing I had more than the 34,000 Avios I have left, so Ultimate Rewards transfers remain an option for me going forward.

Best Southwest Rapid Rewards Values

All Southwest Wanna Get Away fares can be booked for 70 points per dollar of the base fare, so transfers to Rapid Rewards will net a solid 1.43 or so cents per point.

If there is “Standard Award” availability on expensive Southwest flights, you can do even better.

Best Korean Miles Values

Korean SkyPass can book SkyTeam First Class products like Korean First Class and China Southern First Class. Delta miles cannot book international first class seats.

Korean SkyPass also charges only 30k roundtrip between the mainland and Hawaii in economy and 60k in first class on Delta, Alaska, or Hawaiian Airlines flights.

Best Virgin Atlantic Values

Virgin Atlantic economy and Premium Economy one way from the United States to the United Kingdom are a fantastic deal, starting at 17,500 miles + $131.50 in economy and 27,500 miles and $231.50 in Premium Economy (which is a similar product to domestic First Class.)

Best Hyatt Values

The Hyatt award chart has free nights from 5,000 to 30,000 points depending on the hotel’s category.

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Some of the cheapest hotels are plenty nice. And some of the most expensive hotels can go for $1,000 per night, so if you would otherwise have to pay the retail price, 25k to 30k points is a great deal.

Bottom Line

The Chase Ink Bold and Ink Plus already have the best sign up bonus AND best category bonuses normally. And for a limited time, the sign up bonus has been bumped to an astounding 60,000 points after spending $5k in three months.

The sign up bonus is worth at least $750 in travel rewards and probably much more if you transfer the points to a partner.

The partners are so varied that almost anyone can find big value in one of the programs.

 

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.

With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel Portal and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!


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