Save $2500 With One Welcome Offer

Jess

When Chase increased the welcome offers on two of their Ink business cards, I knew we needed to apply for at least one of them. I’m still in the midst of working towards the Southwest Companion Pass for 2023-24, so I had my husband apply for the Chase Ink Unlimited card. Not only did Chase increase the welcome offers from 75,000 points to 90,000 points, but they also lowered the minimum spend required from $7,500 in 3 months to $6,000 in 3 months. These cards also have no annual fee. This type of offer is unheard of! Here’s how I was able to save over $2500 with one welcome offer…
 

The Application

My husband doesn’t have a registered business or any employees, or even a tax ID number. What’s his business, you ask? He’s the official Travel Hacking Mom course video editor 😉 He applied for the Chase Ink Unlimited as a sole proprietor using his Social Security Number and was automatically approved. It’s actually easier to qualify for a business card than you might think!

After approval, he sent a secure message via his Chase online account and asked that the card be expedited, and it was in our hands just two days later!
 

Minimum Spend

Fortunately (or maybe unfortunately?), we hit the $6,000 minimum spend relatively quickly. Between some larger expenses like our car insurance premium (we pay 6 months at a time), new tires for one of our cars, and some other miscellaneous holiday expenses, it didn’t take long before the welcome offer was pending in my husband’s account.

The Chase Ink Unlimited earns 1.5x on every purchase, so after hitting the $6,000 minimum spend, he had over 9,000 points in his account (in addition to the 90,000 points welcome offer).

 

Redeeming the Points

Alex, Pam, and I spent a weekend at the Hyatt Regency Huntington Beach in August. I fell in love with it (and their amazing breakfasts!) and knew I had to return with my family. The Hyatt Regency Huntington Beach is a category 6 Hyatt property, so award nights run anywhere from 21,000-29,000 points/night. I found 4 nights for 25,000 Hyatt points/night (over a holiday weekend!) and knew I wanted to book it. As soon as those points hit my husband’s account, I got to work.

While the Chase Ink Cash and Ink Unlimited are marketed as cash-back cards, they actually earn Ultimate Rewards points. If you or someone in your household has a Chase Sapphire Preferred, Sapphire Reserve, or Ink Preferred, you can transfer those points from your Ink over to one of those cards and then out to transfer partners like Hyatt, Southwest, United, etc.

Because I have a Chase Sapphire Preferred card, my husband could combine the points from his Ink Unlimited with my Sapphire Preferred. Then I transferred them out to my Hyatt account. Technically he was about 500 points short of the 100,000 I needed to book the 4 award nights. I made up the difference with points I already had in my Sapphire Preferred account.

The cash rate for our dates would have been over $2,500. Instead, we’re paying 100,000 Hyatt points and $0 (Hyatt does not charge taxes or resort fees on award stays). Because I have Globalist status with Hyatt, we will also get free parking, free breakfast, and late checkout.

I also used a suite upgrade award to confirm an upgrade to a Huntington Suite after booking. The cash rate for 4 nights in a Huntington Suite for our dates would have been over $4,000!

 

Bottom Line

We’ve written before about how Hyatt award stays offer oversized value, and the Hyatt Regency Huntington Beach is no exception. In addition, the two increased offers from Chase on the Ink business cards make it easier than ever to rack up lots of points. These points can be transferred out to Hyatt (as long as you or someone in your household has a Sapphire Preferred, Sapphire Reserve, or Ink Preferred card). I’m just hoping these offers stick around for a bit longer so that my husband can snag the Ink Cash next! Will you save $2500 with one credit card welcome offer?

 

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