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The Ink Business Unlimited℠ Credit Card is a no-annual-fee card that earns 1.5% cash back on every purchase! And it comes with a $500 cash bonus (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases within the first 3 months of account opening.
You can apply for this business credit card whether your small business is your main job, side hustle, or new business.
If you like earning cash back without the hassle of bonus spending categories, you can apply for the Chase Ink Business Unlimited card here.
The Chase Ink Business Unlimited Card’s $500 Bonus Could Be Worth MUCH More!
With the Chase Ink Business Unlimited card, you’ll earn a $500 bonus (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases within the first 3 months of account opening. That’s an excellent bonus for a no-annual-fee credit card!
But depending on which Chase credit cards you have, the sign-up bonus could actually be worth more than $500! That’s because the cash back you earn with the card is in the form of Chase Ultimate Rewards points.
Normally, you can redeem the Chase Ultimate Rewards points you earn with the Chase Ink Business Unlimited card for 1 cent each as cash back or other rewards.
You can move Chase Ultimate Rewards points between any 2 credit cards that earn Chase Ultimate Rewards points. For example, you can move the Chase Ultimate Rewards points you earn with the Chase Ink Business Unlimited to the Chase Sapphire Preferred. Because both of those cards earn Chase Ultimate Rewards points.
The table below shows you how much your Chase Ultimate Rewards points are worth, with each card, when used to book travel through the Chase Ultimate Rewards portal.
|Chase Ultimate Rewards Card||How Much Are Points Worth Toward Travel?|
|Chase Freedom||1 cent|
|Chase Freedom Unlimited||1 cent|
|Chase Sapphire (no longer available)||1 cent|
|Chase Sapphire Preferred Card||1.25 cents|
|Chase Sapphire Reserve||1.5 cents|
|Chase Ink Business Cash Credit Card||1 cent|
|Chase Ink Business Unlimited Credit Card||1 cent|
|Chase Ink Bold (no longer available)||1.25 cents|
|Chase Ink Plus (no longer available)||1.25 cents|
|Chase Ink Business Preferred Credit Card||1.25 cents|
As you can see, the Chase Ink Business Unlimited card’s bonus can be worth $625 in travel ($500 + 25% bonus) with the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card. And it’s worth up to $750 in travel ($500 + 50% bonus) if you have the Chase Sapphire Reserve® card.
One of the best ways to get more value out of your miles & points is to use them to book expensive Business or First Class flights. For example, you could transfer 50,000 Chase Ultimate Rewards points to United Airlines at a 1:1 ratio. That’s enough United Airlines miles to book a round-trip Business Class flight from New York to San Diego, which can easily cost $1,000+! In that case, you’re getting a value of 2 cents or more per point ($1,000+ flight cost / 50,000 United Airlines miles)!
And that’s not your only option if you’re trying to redeem your points for more than 1.5 cents each. With the Chase Ink Business Unlimited’s bonus you could book 2 round-trip coach flights to Hawaii, which could easily cost $1,000+. Or you could stay at expensive Hyatt hotels during peak season! So you’ll have no shortage of high-value redemption options.
But again, those are your options ONLY if you have ALSO have an annual-fee card like the Chase Sapphire Preferred, Chase Sapphire Reserve, or Chase Ink Business Preferred. Without one of those, the bonus is worth $500 in cash back. (Still a good deal!)
How to Turn Almost Any Business Purchase Into Big Travel!
The Chase Ink Business Unlimited earns 1.5% cash back on every purchase! And there is no limit to the amount of rewards you can earn!
When you pair this card with the Chase Sapphire Preferred or Chase Ink Business Preferred you’ll effectively be earning ~1.88% cash back toward travel booked through the Chase Travel Portal because of the 25% bonus you get with those cards (1.5% + 25% bonus). And with the Chase Sapphire Reserve your rewards rate jumps up to 2.25% because of the 50% bonus you’ll get per point on Chase Travel Portal bookings (1.5% + 50% bonus)!
There are other business cards that earn more for specific categories of purchases. The Ink Business Cash℠ Credit Card is one example. It earns 5% cash back (5X Chase Ultimate Rewards points) on purchases made at office supply stores and on internet, cable, and phone services. But the 5% cash back bonus rate is limited to the first $25,000 in combined purchases in those categories per account anniversary year. After you hit that limit you’ll only earn 1% cash back for those expenses.
Many business owners could be better off earning 1.5% cash back on all purchases and skipping the bonus categories. One of my best friends owns a coffee shop and the vast majority of his expenses don’t fall under any typical business credit card’s bonus categories.
He buys pallets of coffee beans to roast and large amounts of coffee brewing equipment to resell. The extra cash back he could earn on those purchases with the Chase Ink Business Unlimited card would more than make up for the bonus he might earn on a few reams of paper with a different card.
But a big chunk of the Chase Ink Business Unlimited card’s value comes when you partner it with an annual-fee Chase Ultimate Rewards card and redeem your Chase Ultimate Rewards points for travel.
But Big Travel with Small Money isn’t on the top of everyone’s priority list. Small travel with small money might make more sense for you.
In my friend’s case, he has a 2-year-old kid. And if his wife has her way, it’s likely he’ll have more on the way soon! 😉 So he’s not quite as interested in taking big trips or flying in Business Class as I am.
He could be better off getting a business credit card that earns 2% cash back on all purchases, like the Capital One® Spark® Cash for Business. Then he’ll earn a solid cash back rate on every purchase. That said, if you’re not sure if you’ll use your points for cash or maybe for travel later on — you can get the Chase Ink Business Unlimited now and decide how you’ll use the points later. These points don’t expire for as long as you keep your card.
Chase Ink Business Unlimited Benefits
Earning 1.5% cash back on every purchase is great, and super easy. But the Chase Ink Business Unlimited also comes with valuable perks that offer purchase and travel protections when you use the card.
When you use the Chase Ink Business Unlimited to purchase an item, the card will extend the time period of a US manufacturer’s warranty by an additional year, on eligible warranties of 3 years or less. So you won’t have to pay extra for additional coverage on big ticket items!
Accidents happen! The Chase Ink Business Unlimited offers protection against damage or theft for up to 120 days on new purchases up to $10,000 per claim and $50,000 per account.
Rental Car Insurance
When you decline the rental agency’s collision insurance and charge the entire rental to your Chase Ink Business Unlimited card, you’ll get primary rental insurance when renting for business purposes. This covers damage due to theft or collision to the vehicle, but NOT damage to other vehicles or injuries.
If you rent vehicles for business often, this can be a tremendous money saver and give you peace of mind.
Complimentary Employee Cards (You Control the Spending!)
You can add employee cards to your Chase Ink Business Unlimited account for free. You’ll be able to set individual employee spending limits, plus you’ll earn rewards from their purchases!
Is the Chase Ink Business Unlimited Worth the Annual Fee?
Absolutely, because the Chase Ink Business Unlimited has no annual fee!
Does the Chase Ink Business Unlimited Charge Foreign Transaction Fees?
Do You Qualify for the Chase Ink Business Unlimited Card?
There are currently 3 versions of Chase Ink Business credit cards:
All 3 cards are considered different products. So if you’ve earned the bonus on one credit card, you can still qualify for the bonus on another.
Chase won’t approve you for the Chase Ink Business Unlimited if you’ve opened 5 or more credit cards from ANY bank within the past 24 months. (Important exception: Business credit cards from American Express, Bank of America, Chase, Citi, and Wells Fargo do NOT count towards your 5 credit card total.)
You don’t have to be working full-time running a business like my friend’s coffee shop to qualify for a small business credit card. You could have only a part-time side hustle or freelance gig and still be approved.
And applying for a Chase business card is easier than you might realize. My wife is a freelance artist and as a sole proprietor she uses her social security number on her business credit card applications. And she puts her name down as the legal business name on the application.
So you don’t need to have a complicated legal structure or an EIN (Employer Identification Number) to be eligible for a business credit card.
Credit Cards Similar to the Chase Ink Business Unlimited
If the idea of earning 1.5% back appeals to you but you don’t qualify for the Chase Ink Business Unlimited, consider the Chase Freedom Unlimited® instead. You’ll earn a $150 (15,000 Chase Ultimate Rewards points) sign-up bonus after spending $500 on purchases in the first 3 months of account opening. And you’ll also earn 1.5% cash back (1.5X Chase Ultimate Rewards points) per $1 spent on all purchases with no annual fee.
Or if your business spends a lot in certain categories, check out the Ink Business Cash℠ Credit Card. The sign-up bonus is the same as the Chase Ink Business Unlimited, but you’ll earn 5% cash back (5X Chase Ultimate Rewards points) per $1 on up to $25,000 in combined purchases each account anniversary year at office supply stores and on internet, phone, and cable purchases. You’ll earn 1% cash back (1X Chase Ultimate Rewards points) per $1 on everything else. Here’s our review of the Chase Ink Business Cash.
The Chase Ink Business Unlimited card is a great option for folks whose business expenses don’t fall into the spending bonus categories other cards have. Because it earns 1.5% cash back on all purchases with no limit to the amount of rewards you can earn!
And it currently earns a $500 bonus (50,000 Chase Ultimate Rewards points) after you spend $3,000 on purchases within the first 3 months of account opening! And that bonus can be worth MUCH more in travel if you have an annual-fee Chase Ultimate Rewards card. Because then you’ll be able to transfer the points you earn to Chase’s travel partners!
So if you’re interested in turning your business expenses into easy cash back or even Big Travel, then apply for the Chase Ink Business Unlimited card here.