Update: The offers mentioned in this post for the Chase Ink credit cards have expired. You can view the current offers here: Ink PlusInk BoldInk Cash.  

There’s only a few days left to get the Ink Plus charge card and Ink Bold credit card 60,000 point bonus offer. Normally the bonus is 50,000 points, but in support of National Small Business week Chase increased the bonus to 60k. In the application process you would need to enroll as a business, but if you don’t own a small business you can just use your social security number in place of your Tax ID.

 

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The last day to apply for either card is June 22, so if you’re interested in the getting some extra Ultimate Rewards points you should apply before then. There is a $5,000 minimum spend ($10,000 in the past) requirement for the bonus that has to be met within the first 3 months.

As always, the quicker you earn the bonus, the quicker you will be able to redeem flights and hotel stays. If you need some ideas about how to meet the spending requirement read here (put in ways to meet min spend link) or you can always use Amazon Payments or Venmo.

One of the most lucrative aspects of Ultimate Rewards points is that you can transfer them to many valuable partnering hotels or airlines. Ultimate Rewards transfer partners include British Airways, Korean Air, Southwest, United, Virgin Atlantic, Hyatt, Marriott, Priority Club, Ritz-Carlton and Amtrak.

I value Ultimate Rewards points at 2 cents per point which puts this bonus at approximately $1200, but obviously you can stretch or decrease the value of the bonus for free flights or nights depending on your redemption. Both the Ink Bold and Plus cards offer two complimentary memberships to the Club Lounge at over 350 international airport locations worth $150 for the first year. After that, it’s $27 per visit to the lounge.

Some of the Top Ways to Use 60,000 Ultimate Rewards Points

Southwest: Transferring UR points to Southwest Airlines is a good deal for domestic flights because the Wanna Getaway fares are relatively low and easy to book. For example, a flight from Burbank to Washington DC in November, costs 21,121 points with Rapid Rewards (plus $10 taxes and fees). With 60k points you can get two round trip tickets across the country from Burbank to DC and have enough points left over for a third round trip flight at a shorter distance, such as from Burbank to Portland, Oregon at 11,897 points. You can get at least $1,000 worth of domestic flights with Southwest from the Ink Plus/Bold offer. To truly maximize your Southwest points, you can also have Southwest’s Companion Pass that lets a partner fly for free anytime you book a trip, then you can easily get close to $2,000 of free airfare!

Southwest Wanna Getaway Fare from Burbank to Washington DC

Southwest Wanna Getaway Fare from Burbank to Washington DC

 

A route that I use Southwest points on frequently is between Burbank and Portland. With 60k points I could book 5 round trip awards at the Wanna Getaway level, which would have a paid value would be approximately $1,200.

United:  Transferring Ultimate Rewards to United offers flexibility because United is part of the Star Alliance network that lets you use awards on over 27 partner airlines. You are not limited just to United flights, but can enjoy luxury award travel on some of the best business and first class cabins such as Lufthansa, Turkish Airlines, Thai, and Singapore Airlines.

Europe

Redeem one round trip economy ticket to Europe for 60k points. An economy award from Los Angeles to Paris, France in November costs 60,000 points plus $180 in taxes and fees. A round trip flight to Europe or South America can easily run $1,200.

Rewards fare to France from LAX

Rewards fare to France from LAX

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Asia

A one way Business class ticket from Los Angeles to Beijing can be purchased for 60,000 points and $11 in taxes. Not that you would pay for a business class fare normally, but this ticket would normally cost close to $3,600.

Business class to China from LAX on United

Business class to China from LAX on United

United lets passengers using awards tickets have both a stopover and open-jaw on either the out-going or returning portion of the flight. This makes United miles some of the most valuable airline miles and is something to take advantage of with your round trip ticket if you want to visit more than one destination. You can also book a free one-way ticket on at a normal award rate by using your return to the US as a stop over, and then booking a one-way flight to another destination in the future.

If you already have the Chase United Explorer card or are considering applying for it, you could be looking at least 90,000 points in sign up bonuses combined with the bonuses from the Ink Plus or Ink Bold cards. The current offer posted for the Explorer card is 40,000, but people are finding that the 50,000 targeted offer is still available so there is a possibility of maximizing your miles even more.

Marriott: Through Marriot, there are several options available for point redemption such as the Courtyard or Ritz-Carlton, that can be redeemed anywhere from 8 nights at a category 1 hotel or to a category 9 for one free night by using your Ultimate Rewards.

With 60,000 points you can get 2 free nights in November at a category 6 Marriott in Sao Paulo, Brazil. Based on the November rates, the stay is valued at $1,156.

Marriott rates in Sao Paulo

Marriott rates in Sao Paulo

Marriott Rewards rates in Sao Paulo

Marriott Rewards rates in Sao Paulo

Say you want to take a trip to Puerto Rico in November using your bonus for a hotel stay. At the Courtyard Marriott in Puerto Rico, a category 3 hotel, you can redeem your 60,000 points for four nights plus a fifth free night for booking the first four. The paid value of the room would be $975, so essentially you’re saving a little under $200 per night.

 

Marriott Rates in Puerto Rico

Marriott Rewards rate in Puerto Rico

Marriott nightly rate in Puerto Rico

Marriott nightly rate in Puerto Rico

The Bottom Line

Both the Ink Bold and Ink Plus are great credit cards if you want to take advantage of the 60k signup bonus. For one, the $95 annual fee is waived the first year. Second, you have flexibility to choose from many valuable transfer partners that ultimately allows you to maximize the value  and get the best use of your points.

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2 Comments

  • Points only qualify for the companion pass if they are through partners, so you can transfer UR points to a partner hotel such as Hyatt or Marriott and then transfer those points to Southwest. Hyatt has the better transfer rate.