Update 2: Apparently this will be in branch only on June 23rd and then online starting July 3rd.
(Update: Folks found a link already showing the 120k offer. This somewhat substantiates the idea that this is an upcoming public online offer. I would be very careful using this link and just wait for a public link)
Rumors are swirling that on June 23rd Chase will increase the signup bonus on the INK Preferred card from 100,000 Ultimate Rewards points to 120,000 points. The spend will remain the same at $8,000, per the rumor.
The 100,000 offer with the recently lowered $8,000 spend requirement was awesome to begin with. This rumored increase brings it next level.
And this is all-the-while referrer bonuses are still at 40,000 points until September. We don’t know if the rumored new offer will be available via referral. It might be available or it might be possible to get a match.
I put some credence in the rumor given that the June 23rd date mentioned lines up with other Chase changes happening at that date. Still, even if true, it’s entirely possible that the 120,000 offer will a branch offer or targeted offer, etc. We’ll have to wait to see if we can find out more.