Ink Plus Disappearing, So Get It Now or Lose 60,000 Points

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Chase will launch a new business card, the Ink Business Preferred Card, some time in 2016 and stop accepting new applications for the Ink Plus Business Card at the same time. Here’s a side-by-side look at the two offers:

Obviously when the Ink Business Preferred is released, I’ll write about it, break down its offer further, and rank it among the very best credit card offers. But it’s not out now, so this post is about something else that’s more urgent.

Get the Ink Plus now.

There are two benefits to getting the Ink Plus now:

1. You can get its 60,000 point sign up bonus. Then when the Ink Business Preferred Card is launched before the end of 2016, you can get its 80,000 point sign up bonus because the two are separate products. (Of course, getting either is subject to Chase’s 5/24 rule.)
2. You can get the Ink Plus’s 5x category bonuses for at least a year and maybe longer. That’s 5x at office supply stores and on cellular phone, landline, internet, and cable TV services up to $50,000 per year total in those categories.

Credit card links have been removed from posts and added to the menu bar at the top of every page of MileValue under the heading Top Travel Credit Cards.

Don’t Wait

If you wait and don’t get the Ink Plus now, you can never get it. It will disappear before the end of the year. That’s 60,000 Ultimate Rewards you’re missing out on. Since Ultimate Rewards can transfer 1:1 to United, Korean, British Airways, Southwest, Virgin Atlantic, Flying Blue, or Singapore miles or Hyatt points, that’s a lot of travel you’d be missing out on.

And although overall, I like the new Ink Preferred’s category bonuses more, they don’t get up to the 5x of the old Ink Plus. If you get the Ink Plus now, you’ll get those 5x categories for at least a year. At the end of a year, presumably Chase would convert your card to an Ink Preferred with its category bonuses or allow you to keep your grandfathered categories–there’s precedent for both options.

Bottom Line

The Chase Ink Plus comes with:

• 60,000 bonus Ultimate Rewards after spending $5,000 in the first three months
• 5x at office supply stores and on cellular phone, landline, internet, and cable TV services up to $50,000 per year total in those categories
• 2x at US gas stations and on purchases made directly through hotels up to $50,000 per year total in those categories
• $95 annual fee

If you get the card now, you get all those benefits for at least a year, and you can later get the coming-soon Ink Preferred.

If you don’t get the card now, it will disappear when the Ink Preferred is released some time in 2016.

Credit card links have been removed from posts and added to the menu bar at the top of every page of MileValue under the heading Top Travel Credit Cards.

Hat Tip The Points Guy