The standard offer for the Chase Ink Plus business credit card has held consistent at 50,000 bonus points for a very long time. However, periodically Chase will send out promotional offers for 70,000 points. Most recently back in July there was a 70,000 point offer running but only in the Chase branches.
Until October 10th, 2014, Chase is offering a special promotional offer via their refer-a-friend program. For those with an existing Ink Plus card you will receive 10,000 bonus points for each referral you make who opens a new account and uses their card by January 21st, 2015. You can earn a maximum of 50,000 bonus points for making referrals under this offer.
The offer for new card holders is 70,000 bonus points after spending $5,000 within the first 3 months from account opening. However, unlike the basic offer of 50,000 points, the annual fee of $95 is NOT waived via this offer. So at the lowest possible valuation of Ultimate Rewards points the extra 20,000 points would be worth $200 but you could easily get $400 in value by using transfer partners. Either way you will still be coming out another $105 ahead, minimum.
If you are looking to apply, you do not have to use me as a referral. Here is the direct link to the offer that you would receive via a referral email. However, that being said, I would greatly appreciate you letting me send you a referral email so we both can get something out of this offer! Please leave a comment if you would like me to send you a referral!
If you would like to send your friends referrals, you can go here to the refer-a-friend site and enter their name and email addresses.
Here are the terms of the offer.
1 You will receive 10,000 bonus points for each business owner you refer through this Refer-A-Business site by October 10, 2014 (up to 5), whose First Use of the card occurs by January 21, 2015. Maximum bonus point accumulation for this offer is 50,000 bonus points. We may provide you with future opportunities to earn bonus points by referring fellow business owners to Ink Plus. You may earn bonus points up to the stated maximum for each offer, however, please note that if you take advantage of multiple opportunities within one calendar year that the maximum number of bonus points that can be awarded from all referral offers is 50,000 per calendar year. Please allow 6 to 8 weeks after each new cardmember’s First Use of the card for bonus points to post to your account. (“First Use” is a purchase, balance transfer, or any check that accesses the account, and does not include cash advances, cash-like charges such as travelers checks, foreign currency, and money orders, overdraft advances, interest, unauthorized or fraudulent charges, or fees of any kind, including an annual fee, if applicable.) Your bonus will appear on your statement as “Refer-a-Business bonus.”
2 By referring businesses you agree to allow us to send an email on your behalf inviting them to apply for the Ink Plus card. Business owners’ email addresses will only be used for this offer and will not be used for any other marketing solicitations or sold to third parties. If the business owner already has an Ink account or the business owner’s email address is in our email opt-out database, no email will be sent. Due to the confidential nature of the credit approval process, we cannot disclose information on who has applied, nor will you be notified whether we approve or decline any application(s) from the individual(s) you refer.
Chase employees are not eligible to refer businesses for this promotional offer.