You’ve likely heard by now that Chase is offering a limited time 70,000 Ultimate Rewards points bonus for new Ink Plus accounts. This is a pretty awesome deal. To get the 70,000 point bonus, you’ll need to meet the minimum spend requirement of $5,000 in purchases during the first 3 months after account opening.

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In addition to the bonus miles, you’ll receive the following points bonuses for routine purchases.

  • Earn 5X points per $1 on the first $50,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
  • Earn 2X points per $1 on the first $50,000 spent in combined purchases at gas stations and hotel accommodations when purchased directly with the hotel each account anniversary year.
  • Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.

I know most people that read blogs and forums don’t need me to say this, but 70,000 Ultimate Rewards bonus points is a good deal. Ultimate Rewards have saved me hundreds, if not thousands of dollars through their transferability to British Airways Avios alone. That’s just one of their benefits. Transferability to United, Hyatt, Marriott, and many other programs tops the list of why Ultimate Rewards are my favorite points currency.

I have the Ink Bold card, and could apply for the Ink Plus. However, I’m following my own advice and not pursuing any new offers at the moment – even offers that are this good. If you’re in a position to act on a card offer, you should take a look at this one. I do not have affiliate links for Chase, so please pick your favorite blogger, and go from there if you’re interested in this great card offer.

-MJ, September 30, 2014