6 Reasons We Like the Chase Ink Business Unlimited Credit Card

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6 Reasons We Like the Chase Ink Business Unlimited Credit Card

Million Mile Secrets Team6 Reasons We Like the Chase Ink Business Unlimited Credit CardMillion Mile Secrets Team

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The Ink Business Unlimited℠ Credit Card is Chase’s newest small business card.

This new card is a compelling option for small business owners!  With no annual fee, the Ink Business Unlimited has a terrific sign-up bonus and a simple 1.5% cash back (1.5 Chase Ultimate Rewards points per $1) earning structure.

A Large Sign-Up Bonus and No Annual Fee? Yes, Please!!

With so many options available to small business owners, here are 6 reasons we love the Ink Business Unlimited and why you should consider applying, too!

Why We Like The Ink Business Unlimited

Apply Here:   Chase Ink Business Unlimited Card

Our Review of the Chase Ink Business Unlimited

1.   The Sign-Up Bonus

The Ink Business Unlimited is currently offering a sign-up bonus of $500 (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases in the first 3 months of account opening.  We typically don’t see a bonus this high for a no-annual-fee card!

2.   1.5% Cash Back (1.5X Chase Ultimate Rewards Points) on All Purchases

Some cash back cards have a base earning rate of 1% cash back on all purchases, sometimes paired with bonus categories that earn ~2% to 6%.  However, the Ink Business Unlimited offers 1.5% cash back (1.5X Chase Ultimate Rewards points per $1) on ALL purchases, making this a great choice for folks who don’t want to keep track of where to earn the highest return on purchases.

3.   Points Transfer Potential

While a $500 sign-up bonus and 1.5% cash back on all purchases can alone make this card worth considering, there is actually potential for this to be worth much more!

The Ink Business Unlimited is marketed as a cash back card, and on its own this is truly how the card is designed.  However, if you also have an annual-fee Chase Ultimate Rewards earning card, your points can be worth up to 1.5X more!

The 1.5% cash back earned on the card is actually 1.5 Chase Ultimate Rewards points per $1, and each point is worth 1 cent each when you redeem them for cash back or travel through the Chase Ultimate Rewards portal.  However, if you have the Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Business Preferred, Chase Ink Bold (no longer available), or Chase Ink Plus (no longer available), those points can be worth even more!

Chase allows you to pool your points together from each of these Ultimate Rewards earning cards.  So if you have one of the below cards, the points are worth even more when you combine them and use them to book travel through the Chase Ultimate Rewards portal.

  • Chase Sapphire Preferred  Points are worth 1.25 cents each, making the sign-up bonus worth $625
  • Chase Sapphire Reserve  Points are worth 1.5 cents, making the sign-up bonus worth $750
  • Chase Ink Business Preferred:   Points are worth 1.25 cents each, making the sign-up bonus worth $625
  • Chase Ink Bold (no longer available to new applicants):   Points are worth 1.25 cents each, making the sign-up bonus worth $625
  • Chase Ink Plus (no longer available to new applicants):   Points are worth 1.25 cents each, making the sign-up bonus worth $625

In addition to potential for more earnings with annual-fee Chase cards, many folks find even greater value by transferring their points to one of Chase’s many travel partners like United Airlines or Hyatt.  The process to transfer Chase Ultimate Rewards points to travel partners is actually quite simple to do online.


Even if you don’t have one of these “premium” cards with an annual fee, the $500 sign-up bonus and solid earning on all purchases make this card worth considering!

4.   No Annual Fee

There is no annual fee for the Ink Business Unlimited, making this a great option for those who don’t want to pay a fee to take advantage of a card’s rewards and benefits.

5.   Doesn’t Count Towards Chase’s “5/24” rule

If you have opened 5 or more credit cards in the past 24 months (not including business cards from American Express, Bank of America, and others) Chase is unlikely to approve you for most of their cards.  This makes many folks cautious of signing-up for new cards because they want to have options from Chase available in the future.

However, Chase does not count this product toward that limit because it’s one of their business cards.  So applying for this card alone should not prevent eligibility for future Chase credit cards!

It is important to note that this card is IMPACTED by the “5/24” rule, so if you have opened 5 or more credit cards in the past 24 months (with business card exceptions noted above), it is unlikely you would be approved for this card.

6.   Primary Rental Car Insurance

The Ink Business Unlimited offers primary car insurance when you use your card to pay for the rental and decline the rental car company’s collision coverage.  The rental must be for business purposes and it only includes coverage on your rental vehicle, NOT damage to other vehicles or injuries.

Should You Apply For the Ink Business Unlimited Card?

The Ink Business Unlimited is a business card, so you must have some type of business to apply.  However, you don’t need a large corporation to be eligible for a business card.  Even things like providing paid child care, selling on eBay, or doing property maintenance could make you eligible!

If you don’t qualify for a business card, the Chase Freedom Unlimited is a very similar card but designed for personal purchases.  The card also earns 1.5% cash back on purchases and the ability to transfer points to a “premium” Chase Ultimate Rewards card, however the sign-up bonus is only $150 vs. $500 with the Ink Business Unlimited.  I have the Chase Freedom Unlimited and find this to be a great option for purchases that aren’t part of a bonus category on other cards.

If you prefer cash back and don’t have the ability to transfer to one of Chase’s premium cards, there could be better options for you.  The Capital One® Spark® Cash for Business earns 2% cash back on all purchases making the return slightly higher.

Keep in mind, the Ink Business Unlimited charges foreign transaction fees, so this is NOT a good option for international purchases.

Bottom Line

With a sign-up bonus of $500 (50,000 Chase Ultimate Rewards points) after meeting minimum spending requirements, no annual fee, 1.5% cash back on ALL purchases, and potential to transfer points to an annual-fee Chase card for even more value, the Ink Business Unlimited card is an enticing offer.

The welcome bonus is excellent for a no annual fee card, and the simple earning structure makes this worth hanging onto.

If you are eligible for a business card, this card is definitely worth considering.  Remember, you don’t need a multi-million dollar corporation to qualify!

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New! Ink Business Unlimited℠ Credit Card

New! Ink Business Unlimited℠ Credit Card

  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • 0% introductory APR for 12 months on purchases and balance transfers
  • Employee cards at no additional cost
  • No Annual Fee

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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This card is subject to 5/24, as I applied for it this week and was rejected. I verified with the representative.

Could you update the language please?

Hi Ben,

The card is impacted by the 5/24 rule, so if you’re over you won’t be approved.

But it does not count toward 5/24. So for instance if you’re at 4/24 and open this card, you will still be at 4/24 for the purposes of the Chase 5/24 rule.