If you haven’t gotten wind of the increased 60,000 Chase Ink Plus and Ink Bold bonus offer until now, there is good news because Chase announced that it will extend the application deadline until Monday, June 24, 2013. It was originally scheduled to end today, but because of high demand and because Chase has not been able to catch up with processing the applications it has been extended by two days. There are many reports of peoples applications going pending and this is likely because Chase has not caught up to process them yet, I would wait a day or so and then call into the reconsideration line if you have not received a response from Chase.
The current Ink Bold and Ink Plus card offer will earn you 60,000 Ultimate Rewards points when you spend $5,000 in 3 months. The $95 annual fee is also waived the first year. Normally the offer is only for 50,000 bonus points, so if you were thinking about applying for the card anytime soon you might as well secure an extra 10k points. Likely the bonus will drop back to 50 after this current promotion, but that is unknown and Chase could actually drop it lower or increase the min spend.
The Ink Cash and Ink Classic cards also have a higher welcome bonus that extended until Monday as well. You will earn 25,000 Ultimate Rewards points when you spend $3,000 in 3 months. You will get an extra 5k points than the normal 20,000 bonus if you apply before Monday.
Your Ultimate Rewards points can be transferred to valuable travel partners such as United, British Airways, Southwest, Korean Air, Virgin Atlantic, Hyatt, Marriott, Ritz-Carlton, Priority Club and Amtrak.
Some of the top ways you could use 60,000 Ultimate Rewards points:
$1,000+ in free flights with Southwest Airlines when you book Wanna Get Away fares on southwest.com.
$1,200+ with a round trip economy or a one way business class ticket to Europe/Asia/South America on United or any of the 27 Star Alliance partners.
$900+ worth of stays at Hyatt or Priority Club hotels. If you transfer points Hyatt or Priority Club you could get 3+ free nights at hotels that normally cost $300+ per night such as the Holiday Inn Sisli or Park Hyatt in Istanbul.
$750 in Chase travel rewards. You can redeem UR points directly for travel (flights, hotels, and car rentals) at Chase.com for 1.25 cents each.
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