An explanation of the Ink Business Unlimited Credit Card
Because it gives 1.5% cash back on every purchase, the Ink Business Unlimited Credit Card is one of the finest business credit cards that does not have an annual fee. In addition, the card is presently offering the highest-ever cash bonus of $900, which can be earned by purchasing $6,000 during the first three months of creating an account for the card. *This card has a rating of.
*The Card Rating is determined solely by the editorial staff at TPG and is not in any way affected by the card issuer.
The Ink Business Unlimited Credit Card is a card for small businesses that are quite similar to the well-known Chase Freedom Unlimited Credit Card, except it comes with a far larger introductory bonus. The annual charge is waived, and the straightforward rewards system is much more beneficial than it appears to be at first appearance.
You can receive cashback in the form of Chase Ultimate Rewards points with the Ink Business Unlimited card, even though there are alternative cards that provide cash-back rewards of 1.5% or even more. If you also have a premium Ultimate Rewards card, the value of your Chase points might potentially increase by a large amount. Because after that, you can aggregate the points from all of your Chase accounts and then transfer them to any of the different airline and hotel companies that are associated with the Ultimate Rewards programme.
Because it is a business credit card, Ink Business Unlimited is geared specifically towards people who own and operate small companies. Freelancing and other sole-proprietor enterprises can count as a business in the eyes of Chase and many other issuers, so even though not everyone is qualified for a business credit card, it may be easier to be approved than you think if you apply for one. This is because business credit cards are issued by banks.
Apply now for the Ink Business Unlimited Credit Card to receive the maximum bonus of $900 after meeting the spending requirement of $6,000 within the first three months of opening your account.
Who should receive this card?
To begin, applications for the Chase Ink Business Unlimited card are subject to the 5/24 rule, just like nearly all other Chase credit card applications are. Hence, before you apply, you should verify that you are qualified for the card. Having said that, considering that it is a corporate credit card after you have been approved for the card, it should not count towards your 5/24 limit.
There are no bonus categories available with the Ink Business Unlimited plan. This credit card offers a fixed rate of return on all purchases; hence, it is an excellent choice for anyone who does not wish to devote mental energy to juggling several types of spending categories. If you don't mind that kind of stuff, then it's still an excellent product to fill in the gaps in your spending that aren't related to bonuses. Combine it with a card that provides the ideal bonus categories for your company, whether it is for dining out, travelling, purchasing office supplies, or advertising online.
The card does not have an annual fee and provides a promotional introductory annual percentage rate (APR) of 0% on purchases for the first year after the account is opened. After that, the APR will range from 17.49% to 23.49% and be changeable. If you are planning to make a significant purchase shortly and need to pay for it in instalments, this is an excellent option for you to consider.
Related: A user's guide to applying for credit cards geared towards small businesses
Ink Business Unlimited Sign-up bonus
When opening an account with Ink Business Unlimited, you will be eligible to get a sign-up bonus of $900 if you spend a total of $6,000 within the first three months of having the account. Nonetheless, the item can be valued at significantly more than $900 in total.
You can redeem your Chase Ultimate Rewards points at a rate of 1 cent per point for cash back, gift cards, or travel booked through the Chase Travel portal. The $900 cashback is earned in the form of 90,00 Chase Ultimate Rewards points.
Nevertheless, if you combine the Ink Business Unlimited with a card that earns transferable Ultimate Rewards points, such as the Chase Sapphire Preferred Card, you can more than quadruple your return (possibly). According to the estimates provided by TPG, the value of 90,000 Ultimate Rewards points is $1,800. That is quite a haul for a card that does not have an annual fee attached to it.
Ink Business Unlimited perks
When it comes to advantages, you get what you pay for, so it shouldn't come as a surprise that the Ink Business Unlimited card doesn't offer as many perks as comparable cards with higher annual fees do. The benefits that come with this card are the same as those that come with the Ink Business Cash Credit Card, but they are not quite as advantageous as the benefits that come with the Ink Business Preferred Credit Card. Most significantly, you will not receive protection for your telephone or insurance against travel cancellations or interruptions.
A brief breakdown of the components that are provided is as follows:
- Purchase protection protects new purchases against loss, damage, or theft for up to 120 days, with a maximum payout of $10,000 per claim and $50,000 per account.
- Waiver of responsibility for collision damage for auto rentals: You have the option to forgo the collision insurance offered by the rental car provider and still be covered by your credit card up to the cash value of the vehicle if it is stolen or involved in an accident when you hire a car for business purposes using Ink Business Unlimited.
- This coverage is primary, which means that it takes precedence over your auto insurance policy and is applicable for most rentals both in the United States and internationally.
- Extended warranty: Adds year to the original period of coverage provided by a U.S. manufacturer's warranty on qualified warranties that are three years or less in length.
- Cards for employees that are provided at no additional cost: If you give your employees access to your account, they will be considered authorised users, and they will all have the same charging capabilities until you set specific spending caps for each employee.
How to accumulate points using the Ink Business Unlimited programmed
With a clear rewards structure that does not involve any consideration of rotating or bonus categories, The Ink Business Unlimited customers can receive a cashback rate of 1.5% on all of their purchases. This exemplifies the card's potential strength while also highlighting its possible vulnerability.
If you use this card to purchase flights, for instance, you may not be eligible for the rewards of up to 5 points per dollar that a card such as the Chase Sapphire Reserve provides (when booked through the Chase Travel Portal).
The same is true when it comes to the cost of internet subscriptions or office supplies. Each account anniversary year, The Ink Business Cash receives 5% cash back on the first $25,000 spent in combined purchases at office supply retailers and on internet, cable, cellphone, and landline services (1% thereafter). Also, it provides 2% cash back on the first $25,000 spent each account year in combined purchases made at gas stations and restaurants.
Caution is advised before basing your assessment of this card solely on the cash-back value. If you redeem your cash rewards nonetheless, the limitless cash-back that is offered by this card will not give you the best return that is available among cash-back business credit cards.
Instructions on how to cash in your rewards with Ink Business Unlimited
Your points can be redeemed in a variety of ways, including cash back, gift cards, travel, or other products and services that are made available through Chase's rewards programme. If you choose to redeem your points for cash, you will have the option of receiving your funds either as a statement credit or as an electronic deposit into a checking or savings account that is eligible in the United States. The value of a single point whether exchanged for cash, gift cards, or travel expenses is one penny.
If you convert your points to a full-fledged Ultimate Rewards personal or business card, like the ones listed below, you can increase your redemption rate to an effective return of 3% (based on TPG's values) on all of your spending.
- Credit Card Designed Just for Businesses.
- Credit card from Chase with the Sapphire name.
- The Sapphire Reserve from Chase.
- To be eligible for a transfer, the other card in question must be registered to either you, the owner of the firm or a member of your household.
When combined with one of these other cards, Ink Business Unlimited can become a very valuable financial tool. When you transfer points to an account that is eligible for Ultimate Rewards, you will have the option to either book travel directly through the Chase portal or transfer your points to valuable airline and hotel partners. Either way, you will receive a fixed value for your points (1.5 cents per point with the Chase Sapphire Reserve; or 1.25 cents per point with the Chase Sapphire Preferred or Ink Business Preferred).
It all depends on which transfer partner you go with, but the value of your points could end up being well over 2 cents each. For instance, you might transfer 97,000 points to Singapore Airlines KrisFlyer and use those points to book a one-way, first-class flight from New York City to Frankfurt that typically costs $5,000 or more. This would give you an equivalent value of about six cents for each point you redeemed.
Related: How to maximize your rewards with the Chase Trifecta: Sapphire Reserve, Ink Preferred, and Freedom Unlimited
What other cards are available that are comparable to Ink Business Unlimited?
Cards that provide an equivalent return on all purchases are considered to be The Ink Business Unlimited's competitors. The following credit cards are examples of business credit cards that offer rewards at a fixed rate:
Get twice as many miles on every transaction you make with the Capital One Spark Miles for Business programme. After making transactions totalling $4,500 during the first three months after creating an account, you will be eligible to receive a sign-up bonus of 50,000 bonus miles. The annual charge is $95 after the initial year, at which point it is free.
Get 1.5% cash back on all of your transactions by using the Capital One Spark Cash Choose for your company. Spend $4,500 on purchases within the first three months of opening your account, and you'll be eligible for a sign-up bonus of $500. This card does not charge an annual fee to use it.
With the American Express Blue Business® Plus Credit Card, you can earn two points for every dollar spent on qualified company purchases, up to a maximum annual spending limit of $50,000. (1 point per dollar thereafter). This card does not charge an annual fee (see rates and fees for more information), and it is now providing new cardholders with a welcome bonus of 15,000 Membership Rewards points once they make eligible purchases totalling $3,000 within the first three months of card membership.
The information regarding the Capital One Spark Cash Select has been compiled by The Points Guy based on their research. The information regarding the card that can be found on this page has not been reviewed or supplied by the entity that is the issuer of the card.
Only one of these credit cards, the Blue Business Plus, has a chance of providing benefits that are more beneficial than those provided by the Ink Business Unlimited card. You will earn 4 cents worth of points for every $1 spent on items that qualify for 2 points per dollar because TPG valuations state that each American Express Membership Rewards point is worth 2 cents. This means that you will earn a total of 8 cents worth of points for every dollar spent. You don't need to bring another card with you to make use of this functionality because your points are immediately convertible to those of our partners.
Bottom line
If you combine it with the appropriate card, Ink Business Unlimited can become a useful alternative for handling day-to-day expenditures. This card covers the void left by the Ink Business Cash Credit Card and the Ink Business Preferred Credit Card, which do not provide a substantial return on regular expenditures that do not qualify for bonuses.
By combining the Ink Business Unlimited with one of the other Ink cards and a personal Ultimate Rewards card like the Chase Sapphire Reserve, you can maximise the points you receive from your company credit card and get the most out of them. Be wary of the constraints imposed by the Chase 5/24 rule, though.
Although applying for business credit cards from Chase is subject to the 5/24 rule, one of the benefits of opening Chase business credit cards is that once they are open, they will not add to the count that determines whether or not you are subject to the regulation. So, if you are eligible for business credit cards, it is a good idea to apply for a Chase business card before you apply for personal credit cards from Chase or other banks; otherwise, your applications for personal credit cards will count towards the 5/24 limit.
Here is the link to the official application for the Ink Business Unlimited® Credit Card.
Reporting contributions were also provided by Ryan Wilcox, Mike Cetera, and Joseph Hostetler.
Please go here to view the Blue Business Plus Card's applicable rates and fees.