Later this year, Chase will launch a new version of the INK card called INK Preferred.
Thepointsguy has confirmed with Chase that the new product will replace the existing INK Plus card when it launches, and the Plus will no longer be available when the new card launches.
This is consistent with our source who indicated the same. [There were a few points we got wrong in that rumor, but the overall gist is there.] Others have quoted Chase as saying that INK Plus will remain, but I’m more inclined to believe the sources indicating it will be discontinued.
Uncertainty still remains regarding the INK Cash card. It’s possible that Chase plans on reducing the line to just one card with an annual fee. But if they do intend to keep two cards – one with an annual fee and one without – maybe the INK Cash will remain. We haven’t heard about a no-fee version of the Preferred card. Again, this is all a bit fuzzy. I wouldn’t be shocked if they reduce their INK line to a single card with an annual fee.
As noted in the previous post, according to our source there is no sunset date for the current INK Plus benefits for existing cardholders, and it’s likely to last for quite some time until it gets phased out. Worth getting now if you can.
Also noted by Thepointsguy is that – as we expected – the Preferred card will be a separate product from the Plus, and you’ll be able to carry both cards, i.e. if you currently have Plus, you’ll be able to get the Preferred and hold both cards.
Hat tip to realbgpunk on Reddit
