This is post #10 of a series regarding the Chase Ultimate Rewards program.

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A reader recently emailed me asking:

“I am looking to apply for either the Chase Ink Bold or Chase Ink Plus card. The bonus points are the same upon approval and the virtually look the same, but am I missing something? Why would someone apply for one over the other? Which one would you recommend that I apply for?”

The short answer is that they virtually are similar card as long as you pay your balance in full every month. The sign up bonus after meeting the minimum spend requirements is the exact same, the points for all your purchases are the exact same, the annual fee is the exact same, and the benefits that come with the card are the exact same.

However, for those that do not pay their statement balance off every month, there are significant differences, but quite honestly, I probably wouldn’t recommend either of these cards if that is the case. Cards where you can earn a decent number of points and miles typically come with a high interest rate, and having that rate typically is not worth the points and miles you earn. So here is the difference:

  • Chase Ink Plus: The Chase Ink Plus is a credit card which means you are allowed to carry a balance on your card.
  • Chase Ink Bold: The Chase Ink Bold is a charge card which means you must pay your balance in full each month. With that said, this card comes with no set spending limit. Your credit limit adjusts with how the card is used as well as your payment history. Also, because there is no set credit limit, when calculating your credit the balance is not included (this is the amount of debt vs. available credit).

So which card should you get?

  • If you are going to pay off your card in full every month… then it really doesn’t matter, either will work
  • If you think you might need to carry a balance a month here or there… then get the Chase Ink Plus (but remember, I am not recommending carrying a balance!)
  • If you want no pre-set spending limit… then get the Chase Ink Bold

I personally got the Chase Ink Bold prior to the Chase Ink Plus even being around and then later on applied for the Plus. So I have both cards and use them both to keep track of purchases for different needs.

Card benefits:

  • 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.
  • 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.
  • Earn 2X points per $1 on the first $50,000 spent annually at gas stations and for hotel accommodations when purchased directly with the hotel.
  • 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.

If you have any questions let me know!

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  • MSPDeltaDude said,

    I have the Bold for about 6 months. If I get approved for the INK Plus will I get another bonus?

  • dealswelike said,

    @MSPDeltaDude – If you get approved you will get another bonus upon meeting the minimum spend requirements as it is a different card.

  • Chris said,

    How easy it is to get a business card if I am not a business owner. Also do you know if flag my business card if I temporarily move my spend to the business card to meet the spending limit?

  • dealswelike said,

    @Chris – You are able to use your SS # to apply for the card, you do not need an EIN.

  • DJ said,

    I currently have 4 chase cc (ink plus, csp, hyatt & ihg), all for a yr now.

    i’d like to get bold(for a 2nd business) & ba (waiting for the 100k). in terms of time since last round, should I wait longer?

  • far north trader said,

    Bold should also be easier to qualify for, since they are only extending credit on demand, not over time

  • MrWho said,

    Ink Bold has a credit limit still though…no set spending limit doesn’t mean a cardholder gets an unlimited credit line. There is an upper limit, which a cardholder won’t be able to make charges any more.

  • Cindy said,

    I qualified for the Ink Bold in June after a phone call with Chase. I have the Chase Sapphire Preferred and United Chase Visa as well. How long do you think I should wait to get approved for the Ink Plus too?

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