July 26, 2012
For quite a while Chase has offered another Ink business card besides the publicly available Ink Bold, Ink Classic, and Ink Cash. The Ink Plus was available only to people who received targeted offers.
This afternoon a reader who goes by tenzin alerted me that the Ink Plus is now publicly available. It appears in all ways to be identical to the Ink Bold, except that the Plus is a credit card whereas the Bold is a charge card. In other words, the Bold requires that you pay off your balance each month whereas the Plus lets you run the balance over time (and pay hefty interest charges). I don’t recommend ever taking advantage of this feature of the Plus if you can help it.
Exactly like the Bold, the Plus offers:
- 50K bonus points after $10K spend in 3 months
- 5X for office supply stores, and on cellular phone, landline, internet, and cable TV services. 2X for gas and hotel.
- No foreign transaction fees
- 2 airport lounge visits per year
- Point transfers to popular airline and hotel programs
Click here to see more about the Ink Plus. I do not receive a referral commission for this card.
Can I get both?
I do believe that this is a different product than the Ink Bold, so it should be possible to signup for both cards and get both signup bonuses. Conservatively you may want to wait 6 months between applications, however it wouldn’t surprise me at all if you could get approved in a much shorter time.
Is this the New Bold?
In the post “Exciting credit card rumors” I described hints given by Million Mile Secrets that indicated a new Ink Bold credit card was on its way. Is the Ink Plus that card? It certainly fits the description in that it is identical to the Ink Bold other than being a credit card. On the other hand, Million Mile Secrets suggested that this would be an Ink Bold, whereas this is called Ink Plus. Also, the Plus isn’t new. As far back as March I heard from readers who had received targeted offers for the Ink Plus. Despite those exceptions, it seems unlikely to me that Chase would make the Plus public and release a new Ink Bold. This must be it.