29
May

6 Reasons to Fall in Love with the Chase Ink Bold

Posted By Trav

Ink Bold, mi amor.

Unfortunately the Chase Ink Bold card is no longer available from Chase.

The information in this post is still relevant when applied to the Chase Ink Plus card, which is almost identical to the Ink Bold.

The Chase Ink Bold is one of my absolute favorite cards, and is a no-brainer for any business owner.

Why?

Here are the top 6 reasons that the Ink Bold has stolen my heart.

But first, the details:

The Details for the Chase Ink Bold

  • Earn 50,000 bonus points after you spend $5,000 in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards.
  • No interest charges because you pay your balance in full each month.
  • Earn 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.
  • No foreign transaction fees.
  • Direct access to a live service advisor anytime.
  • 1:1 point transfer to leading frequent travel programs with no transfer fees.
  • $0 Intro Annual Fee for the first year, then $95.

Click here to apply for the Chase Ink Bold

Why I Love the Chase Ink Bold

Reason #1:  50,000 point signup bonus

With a sign up bonus of 50k points, this is one of the largest available bonus out there.

You’ll get 50k after spending $5,000 in 3 months.

50k points is great in any situation, but its even better when its earning you….

Reason #2:  Chase Ultimate Rewards Points

If you are not familiar with Chase Ultimate Rewards points, I suggest you get acquainted quickly because they one of the most valuable currency out there in the frequent flyer world.  The Ultimate Guide to Ultimate Rewards will answer all the questions you may have about these awesome points!

These Chase UR point have tremendous value because they can be transferred to a ton of partners, both airlines (United, Southwest, Korean, BA) and hotels (Hyatt, Marriott, Priority Club, Ritz-Carlton).

All of these transfers are at a 1:1 ratio and they all transfer instantly, a huge plus if you have a penchant for waiting until the last minute or need to take advantage of a deal quickly.

My favorite transfer is to United because you’ll never pay a fuel surcharge when using United miles and they are part of Star Alliance, which not only has good award availability but also has partners that fly to anywhere in the world!

Chase points are my personal favorite and I earn them at every possible opportunity.  Start earning Chase UR points now and you’ll never look back!

Reason #3:  5x on cellphone, cable, and internet bills

If you’re the .01% of Americans that don’t have either a cellphone, cable, or the internet then this won’t excite you as much as 99.9% of us who do.

I LOVE this perk of the Ink Bold because it’s so easy to do.  Simply change your cellphone, cable, and internet bills over to be paid by your Ink Bold card and you’ll automatically receive 5x Chase UR points for every $1 you spend.  Set it and forget it!

This is an especially huge score for people who pay for a family cellphone plan with a bunch of phones or have 1,000 cable channels and pay pretty hefty bills each month.  When I last lived in the States I was paying about $200 a month between my cellphone, cable, and internet (a fairly normal amount I think).

By putting this spend on the Ink Bold, I’d pull in 1,000 UR points a month, 12,000 a year.  All for doing nothing!  Free and effortless points?  I’ll take that any day!

Reason #4:  2x on gas

I’ve yet to run in to a person who has said “You know, I just really love paying $4 a gallon for gas.”  I know, I know, hard to believe, right?

The truth is, paying that much for gas SUCKS.  Unfortunately, we better get used to it.

Most other developed countries have been paying this much and more for years now, and if we are being realistic, it’s obvious that the gas prices in America are never going to go back to anything close to what they were pre-Katrina.

$4/gallon is here to stay.

So you have two options:

Nothing screams sexy like a Prius!

  1. Get a Prius
  2. Get the Ink Bold

While paying $4 a gallon might suck, getting 2x UR points for every $1 you spend at the pump can help ease the pain.  You’ll receive 2x for the first $50,000 you spend each year on gas, so unless you’re dropping a grand a week on gas, all your gas spending will net you 2x/$1.

And if you are one of those unfortunate souls spending $50,000 a year in gas, then at least the Ink Bold will net yourself 2 roundtrip business class tickets to Europe just for using your Ink Bold!

Reason # 5:  5x at office supply stores

While this perk is not (quite) as effortless as moving your cellphone, internet, and cable bill over to your Ink Bold it can be still be beneficial for some people.

Many people with their own business need office supplies, and some people drop some major money on them.

Hello 5x!

Also, a lot of people forget that office supply stores like Staples and Office Depot also sell big ticket electronics, like computers and tablets.  If you’re going to be buying an item like that (or even better, multiple ones), buy them there and rack up the points!

Reason #6: No foreign transaction fee and no annual fee for the first year

If you don’t already have a card with no foreign transaction fee, you should definitely add one to your wallet.  Most credit cards will charge you 3% when you use it overseas, something that can add up very quickly.

Don’t let that vacation put you in the poorhouse!

Getting the Ink Bold solves this problem by charging you just the cost of your purchase, even when you are out of the country.

The Ink Bold also waives the annual fee for the first year, which is icing on the cake!

You’ll have a whole year to decide whether the perks of the card make it worth paying $95 for the second year, which for me is a resounding yes.

Final Word(s)

The Chase Ink Bold is undoubtedly a great card; not only does it have a pretty sweet signup bonus but it also has some killer perks that really allows you to rack up Chase UR points in a hurry with very minimal effort.

I would highly recommend it to anyone as long as they can make the $5,000 minimum spend in 3 months.

Click here to apply for the Chase Ink Bold

Want to profess your undying love for the Ink Bold as well?  Have another card that is first in your heart?  Haikus, soliliqoys and good old fashioned love letters accepted in the comments below!

(photos courtesy of The Dream Sky, undines)

8 comments

  1. Dustin says:

    You can get 5x on gas by buying the gas gift cards available at office stores.

    1. Trav says:

      @Dustin- You are right Dustin, you can actually stretch the gas points even further by buying gas gift cards at office stores and getting 5x instead of 2x. As long as you are getting gift cards in high enough denominations that it negates the service fee, you’re making out like a bandit!

      I haven’t yet tried it myself, so I was wondering if you had recommendations as to what office stores sell what type of gas cards. Thanks for the heads up!

  2. Kathy says:

    I found shell gift cards at staples about a week ago. We spend a huge amount on gas each month so it is make sense for me to get gas cards at 5x points on the gas cards instead of 2x by just using the card.
    Staples actually had a good variety of gift cards last time I was there. Think graduations, etc.

    1. Trav says:

      @Kathy- Thanks for the heads up. I’ll make sure to stop in to a Staples next time I see one and check out their offerings. Getting 5x for gas instead of 2x is definitely something that grow your Chase balance in a hurry!

  3. benjamincahn says:

    i read somewhere that you can transfer UR points to hyatt or marriott, and THEN transfer them to southwest points at 2:1 and 3:1 respectively. have you heard of this trav?

  4. benjamincahn says:

    ^ i was mistaken – – transferring at 2:1 or 3:1 is an awful rate. i believe the only incentive you’d have to transfer to hyatt or marriott first, is to have those converted points transfer and apply toward the companion pass? from what i understand if you transfer direct from UR, it doesnt apply toward the companion pass for some reason…?

    1. Trav says:

      @benjamincahn- Right, if you transfer directly from Chase UR to Southwest, it WON’T count for the companion pass. Transferring from hotels will though.

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