7/27/2012
Ink Bold vs. Ink Plus vs. Ink Classic vs. Ink Cash: Which Business Card?

Ink Bold vs. Ink Plus vs. Ink Classic vs. Ink Cash: Which Business Card?

Apply for the Ink Bold 

Apply for the Ink Plus

Apply for the Ink Classic

As if 3 different Ink business cards weren't confusing enough, Chase has resurrected the Ink Plus, adding a fourth Ink business card to the mix. Since I've already gotten a couple emails asking about the Ink Plus that I mentioned in passing in How to Buy Ultimate Rewards Points, I figured it was time for a comparison of all the Ink business cards:

 

Ink Bold Business Card: 50,000 Points

The main difference between the Ink Bold Business Card and the resurrected Ink Plus is that the Ink Bold is a charge card. That means that there's no predefined credit limit, but you must pay off the card in full every month. 

Pros:

Cons:


Ink Plus: 50,000 Points

The Ink Plus isn't new--it was around in 2010 in a different incarnation, and with a much lower bonus. This time around, it looks exactly the same as the Ink Bold--same 50,000 bonus, same $5000 spend requirement to receive the bonus, same 5X and 2X bonus categories, etc.--except the Ink Plus is a credit card.

So all the pros and cons above apply except:

Pros of Ink Plus vs. Ink Bold:

Cons of Ink Plus vs. Ink Bold


Ink Classic: 20,000 Points

The key aspect of the Ink Classic in addition to the lower bonus is that it has no annual fee, and because of this, you can't transfer points out to Ultimate Rewards partners (United, Hyatt, etc.) unless you also have a fee-paying card, such as the Ink Bold or Sapphire Preferred. 

Pros of Ink Classic vs. Ink Plus

Cons of Ink Classic vs. Ink Plus


Ink Cash: $200 Cash Back

Unless you have no interest in redeeming for travel, I don't recommend the Ink Cash, as it's a pure cash back card: no points at all. Instead of 5X points, you earn 5X cash back on the same categories as you do for the other Ink cards: office supply stores, Internet, cable TV, and mobile/landline telephony. But note that the 2X categories are gas and restaurants, not gas and hotels.


Strategy

If you don't have any Ink business cards, your first question may be--am I eligible? While business cards are almost never approved instantly, don't let that faze you. Check our post with reconsideration phone numbers. If you have any kind of hobby that makes some money, such as selling things on Amazon, eBay, Etsy, at garage sales, etc.--that's a business. If you're a landlord, that's a business. If you do any consulting work, that's a business. 

Next, figure out if you can front load expenses in order to complete $5000 spend within 3 months, for the 50,000 Ink Bold or Ink Plus bonus. For help, see Maximizing the Chase Ink Bold: How to Meet Minimum Spend 

Between the Ink Bold and Ink Plus, it's down to whether you prefer a charge card with no predefined spending limit, or if you want the Ink Plus with its initial 0% APR for the first 6 months. 

Can you apply for both the Ink Bold and Ink Plus at the same time? It is possible to get both, but you'll need to complete $10,000 in spend within 3 months. Personally I think a good strategy for anyone who already has the Ink Bold is to wait and apply for the Ink Plus around the time that their Ink Bold 1 year anniversary comes up, since you may not be able to negotiate an annual fee waiver for the Ink Bold. That way, you'd basically have a replacement Ink card product with another annual fee waiver that's almost exactly the same as the Ink Bold except as a credit card, not a charge card--hopefully you'd get a high enough credit limit. 

 

Related posts

Ink Bold Signup Tips

Maximizing the Chase Ink Bold: How to Meet Minimum Spend

5X Points for All Amazon Spend

Make Your Own 100,000 Credit Card Bonus Offer

Chase Exclusives Bonuses: Maximize Chase Freedom Ultimate Rewards

 

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