PROTIP: A Credit Card Bonus Too Good To Be True, But I Promise It Is! (EXPIRED)


This is not a paid advertisement and I am not compensated in any way by users signing up for this card. I am writing this article because I want to share an amazing deal with friends and family. The link below is an untracked, generic link to the Chase Ink landing page on

If you don’t normally mess with this credit card stuff because it seems complicated or gimmicky… If you don’t think you travel enough to be getting into this game… If you don’t read anything else that I write: READ THIS.

If you give Chase $95, they will give you a check for $700, pay for $875 in travel, or give you $1,500-$20,000 in airline/hotel points at United, British, Virgin, Singapore Air, Hyatt, IHG, Marriott, Ritz Carlton, or your choice of many other travel partners.

I know it sounds too good to be true, but you won’t be disappointed. Back in March I wrote about the benefits of the Chase Sapphire Preferred card: that was an amazing deal in itself, but this one eclipses it by far. Arielle and I recently booked our honeymoon in First & Business class with flights to China, South Korea, Australia and New Zealand for a total of 375,000 points: the cash value of these tickets is nearly $46,000. The value of this offer cannot be overstated.

So what’s the deal? Chase has a product called Chase Ink Plus, a business credit card (don’t worry, anyone can open it) that carries with it some particularly unique benefits among credit cards. Right now they are running a 70,000 point signup bonus, the highest I have ever seen on any Chase card.

What do those points get you?

  • Cash them out at $0.01/point. That means Chase will cut you a check for $700: very simple, but NOT recommended because it’s the crappiest possible value for your 70,000 points.
  • Book travel through Chase’s portal at $0.0125/point. That gives you travel on any carrier/time you want up to $875. Decent value if you want utmost flexibility, but still not optimal because you top out at that 1.25x value.
  • Transfer points with no fees to British Airways, United, Southwest, Korean Air, Virgin Atlantic, Singapore Air, Marriott, Ritz-Carlton, IHG, Hyatt, or Amtrak.

I bolded that last option there because that is where the serious value of these points comes into play. For many transfer partners you can redeem points around 1.8 cents/point. For example, many airlines would charge 25,000 points for a domestic round-trip ticket that costs around $400. However, there are some sweet spots on these award redemptions where points are worth far more! On one leg of our upcoming honeymoon – the Beijing to Auckland trip in Business Class – we redeemed at a value of $0.30/point! (This is completely insane and essentially means that for every $1 spent at Staples on an Amazon gift card (I’ll get to this in a minute), I got back $1.50 in travel. It’s free money.

There are some great perks to having this card. One key benefit is that it awards you 5x points/dollar on all purchases at Staples. Did you know you can buy dozens of gift cards at Staples? Amazon, Apple, Google, Microsoft, Nordstrom, Shell Oil, and even Visa Debit Gift Cards are just a few of the gems you can buy at Staples with NO FEES. I make a habit of finding ways to buy $500/month worth of gift cards there, which then become an extra 30,000 points/year. (When you use Chase Ink to buy Visa Gift Cards and load them onto American Express Bluebird, you can literally use them to pay off the same credit card you’re buying them with, avoiding any interest/fees and earning virtually unlimited points!)

Chase Ink also pays 5x on your cell phone bill, cable, internet, and home phone. If we assume conservatively that these expenses total up to $150/month, you are thus adding $1800/year in spend with 5x earnings, or 9000 extra points. That can convert in CASH to $90, which just about covers the $95 annual fee, or to travel for far more.

Do not let the $95/year fee keep you from signing up for this with all the opportunities available. I like this card so much that I just opened a second one. It is that lucrative! With the amount of value we’re talking about from the sign-up bonus, a $95 fee should not be a barrier (especially when you can close it within 1 year and not incur any further fees.)

You do not need an incorporated (or even a real) business to open a business credit card. Many people qualify as businesses and don’t even realize it: you might sell things on Craigslist/eBay, fix computers, or even handle the affairs for your home. Chase does not ask for nor require any sort of business verification. You can sign up as a sole proprietorship (meaning just you doing business as yourself), use your SSN as the tax ID number, and be honest about your gross income. (For business income just put your best guess at what those activities might earn you in a year, again bearing in mind that while accuracy is important, Chase tends not to check these things because they are mostly just interested in signing you up for the card.)

You have until 10/19 to sign up for this card, so if you are planning on doing so, don’t delay. They’ll be back down to the typical 40,000 or 50,000 point bonus after that which, while still great, are far inferior to the current 70,000.

Feel free to comment or ask questions using the form at the bottom of this page.

Leave a Reply

Your email address will not be published. Required fields are marked *