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When it comes to no annual fee business cards, the Ink Business Unlimited℠ Credit Card is by far the best small business card that’s available for the widest range of businesses. That’s why I recommended it to my parents for their cabinet business (more on that later).
The Chase Ink Business Unlimited also has one of the best intro bonuses you’ll ever see on a no-annual-fee card. You can earn a $500 cash bonus (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases within the first 3 months of account opening.
Plus, the welcome bonus isn’t the only reason to consider this card. There are plenty of benefits and perks that can save you money.
Ink Business Unlimited Benefits and Perks
The Chase Ink Business Unlimited doesn’t have an annual fee you so all of its other perks are straight savings. And they can really add up.
My favorite feature of the card is this first benefit, which is the reason my folks ending up getting the card for their business.
1. Earn 1.5% Back on ALL Purchases
There are lots of great small business credit cards that earn 2X, 3X or even 5X bonus points. But those increased bonuses usually are only for very specific categories, like advertising or internet expenses.
For some businesses, this works out great because they have lots of expenses that fall into those lucrative bonus categories. But let’s be honest, that’s not most small businesses.
In addition, having to manage bonus categories is another thing to remember and that’s exactly what small business owners don’t need!
My parents run a kitchen cabinet shop and none of their major expenses fall into any of the popular business card bonus categories. So it’s a huge benefit to earn 1.5% back on their card purchases because that’s 50% more than what they would normally earn. Most non-bonus business spending only earns 1% back or 1 point per $1.
And there is no yearly no limit on the number of purchases that earn 1.5% back, which isn’t always the case. For example, The Blue Business℠ Plus Credit Card from American Express earns 2X AMEX Membership Rewards points per $1 spent on all purchases.
That’s exceptional, but it only applies to the first $50,000 spent per year (then you’ll earn 1x points thereafter). So if you’re going to spend more than $66,666 per year you’re better off with the Chase Ink Business Unlimited.
2. You Can Power Up Your Rewards – Easily
The Chase Ink Business Unlimited earns cash back rewards in the form of Chase Ultimate Rewards points. Each point can be redeemed for 1 cent toward things like travel, gift cards, or statement credits. It’s simple and straight forward.
But there is a way to make the rewards points you earn worth even more.
If you have either of these Chase cards…
…your Chase Ultimate Rewards points are worth 1.25 cents each toward travel booked through the Chase Travel Portal! Just make sure you move your points from you Ink Business Unlimited card to the card with a better redemption rate.
And that’s not all, you can do even better.
If you have the Chase Sapphire Reserve® card you can redeem Chase Ultimate Rewards points for 1.5 cents each toward travel booked through the Chase Travel Portal. That would make the 1.5X Chase Ultimate Rewards you earn with the Ink Business Unlimited instantly worth 2.25 cents each toward travel!
And it actually gets even better.
If you have one of the following cards, the Chase Ink Business Preferred, Chase Sapphire Preferred or Chase Sapphire Reserve, you can transfer your Chase Ultimate Rewards points to airlines and hotels.
Here’s a real-life example of what the ability to transfer your points can do for you.
Normally 70,000 Chase Ultimate Rewards points are worth between $700 and $1,050 toward travel booked through the Chase Travel Portal (depending on which card you have). That’s a good deal. But those same 70,000 points can be transferred to United Airlines and used to book a one-way Business Class seat to Europe with one of their Star Alliance partners.
That’s what I’m doing this year so I can try out Turkish Airlines’ Business Class. The ticket I’m going to book with 70,000 Chase Ultimate Rewards points (transferred to United Airlines miles) would normally cost $3,000 to $5,000. So I’ll be getting an incredible value for my Ultimate Rewards points.
3. Primary Rental Car Coverage
I’ve found that renting a car can be a lot like flying an ultra-low-cost airline – the hidden fees and extra costs can add up quickly. But if you’re renting a car for business purposes the Ink Business Unlimited can put some cash back in your pocket.
When you pay for the entire rental with your card you’ll get primary coverage for damage or theft (but not liability coverage). You may think this is standard with most credit cards, but it’s not. If you read the fine print, you’ll find that most credit card car rental insurance coverage is secondary, which mean it only kicks in after your other insurances.
That’s not the case with the Ink Business Unlimited. So when you pay for your rental with it you can save $15+ per day by declining the rental company’s collision damage coverage.
4. Purchase Protection
It always sucks when something breaks or is stolen. And it’s even worse if this happens shortly after you get an item. Thankfully, the Ink Business Unlimited has you covered in those situations.
New purchases you make with the card are covered for 120 days against damage or theft. You can get up to $10,000 back per claim and $50,000 per account.
That’s some serious coverage you get just for using the card like you normally would.
5. Extended Warranty Protection
Maybe I’m being foolish, but whenever a store offers me an extended warranty on a purchase I decline. It just feels like an extra cost that isn’t going to give me any extra benefit.
But on purchases you make with your Chase Ink Business Unlimited, you can get an extra year of the US manufacturer’s warranty (on eligible warranties of 3 years or less). And it’s only an extra $0 out of pocket for this perk. I’ll take that any day of the week.
The Chase Ink Business Unlimited is the perfect card for the average everyday freelancer or small business owner. It earns a solid rate of return on every purchase with no limits on how much cash back (or points) you can earn each year.
Plus, it doesn’t have an annual fee. So the ongoing benefits, like primary rental car coverage when you’re renting for business purposes, are just icing on the cake.
You can apply for the Chase Ink Business Unlimited card here.
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