The Chase Ink Bold is the charge card edition of the Ink Plus credit card also offered by Chase. With nearly identical features to the Ink Plus, it serves as the charge card alternative to one of our top pics for best business credit cards. As one of the premium Ultimate Rewards credit cards, it also shares many of the travel features that make the Chase Sapphire Preferred a valuable card.
The Ink Bold rewards companies most in the area of office specific expenses. Each year your account is able to earn a minimum of 5% back on $50,000 of spending in the areas of office supply stores and a number of office related utility bills. These utilities include cellular phone, landlines, internet and cable TV services all expenses which are likely to be part of any small business office. With no fee flat rate rewards cards like the Capital One® Spark® Cash Select offering 1.5% back, you'll need to only spend about $2700 dollars in the 5x categories to more than make up for the $95 annual fee on the Ink Bold.
Rewards earned with the Ink Bold are delivered as Ultimate Rewards points, and as one of the higher tier cards in the program, cardholders have access to the 20% discount on travel booked through Chase Ultimate Rewards as well as the travel transfer programs. At a minimum the points can be redeemed for 1 cent a piece cash back giving the card a 5% rewards rate on the aforementioned categories. Using the same points for travel booking through Ultimate Rewards, the value appreciates to 1.25 cents each, giving as much as 6.25%, an incredibly high savings. The card's 50,000 point bonus, which is worth $500 in cash back or $625 towards travel easily compensates for multiple years worth of annual fees. Among business credit cards this is among the highest bonuses available.
Is The Ink Bold Worth It?
Bottom Line: If your spending patterns include a high proportion of office supplies or utility services for your company, then the Ink Bold is one of the best options available. Note that while the 5x bonus is for office supply stores, many of these stores can also carry other types of products. As long as the store is categorized correctly, any purchases you make there should qualify for the bonus. With the rewards and bonuses built into the card, as long as you can hit the minimum spending requirements of $5,000 in the first three months, the Ink Bold basically pays for itself is easily one of the more valuable business rewards credit cards.
|Annual Fee||$0 Intro Annual Fee for the first year then $95|
The Ink Bold like its counterpart the Ink Plus has numerous breakouts when it comes to earning and redeeming rewards. While we've covered some of it already above there are more details that card applicants should know.
How Do You Earn points?
The rewards earning features of the Ink Bold are broken out into three different rates. The first is the cards most valuable feature the 5x points for office supplies and services, capped at $50,000 in total purchases each year. As we've already mentioned the classification of your expenses is not necessarily based upon what you buy, but rather the category the vendor falls under. All expenditures in this group fall under the same cap. The second grouping is for hotels and gas which receive 2x points again with a shared spending cap of $50,000. Once these caps are reached cardholders will receive only 1 point per dollar spent on their purchases in these categories.
How Do You Redeem points?
Points earned with the the Chase Ink Bold are redeemable through the Ultimate Rewards program. These points can be used for cash back (both as statement credits against your balance or a deposit into a checking/savings account), travel redemptions, gift cards and transferred to a number of frequent travel loyalty programs. With Cash Back and Gift cards the points will redeem at 1 cent a piece. With the built-in 20% discount when redeemed for travel with Ultimate Rewards, points are worth 1.25 cents each.
The points transfer program with the Ink Bold allows you to take Ultimate Rewards points and transfer them 1 for 1 with the following loyalty programs: British Airways Executive Club, Southwest Rapid Rewards, United Mileage Plus, Korean Air Skypass, Virgin Atlantic Flying Club, Singapore Airlines Krisflyer, Amtrak Guest Rewards, Hyatt Gold Passport, IHG Rewards Club, Marriott Rewards, Ritz Carlton Rewards. It's much more difficult to put a value on points used in this way since the dollar value of the respective rewards will generally vary based on usage. Cardholders should be able to find ways to redeem the rewards for more than 1.25 cents a piece however, making it the most valuable option. (Many people have found British Airways to be one of the best choices)
New cardholders are eligible for the Ink Bold's signing bonus if they have not had an Ink Bold card previously. This includes existing and previous chase clients that may have had other personal or business cards with the company.
The card's current signing bonus is 50,000 Ultimate Rewards points if you spend at least $5,000 in the first 3 months. The highest bonus we've seen offered for the card is 60,000 points, an offer that comes in periodically. This amounts to a maximum of $125 in rewards that you may be currently giving up by taking the offer. It's not exactly a great reason to hold off on getting the card if you're in the market for a new business credit card
Comments and Questions
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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.