Ink Business Unlimited Credit Card overview
The Ink Business Unlimited Credit Card presents a compelling option for small businesses, closely resembling the popular Chase Freedom Unlimited but distinguished by a significantly more enticing introductory bonus. Boasting a zero annual fee, this card’s seemingly straightforward rewards structure holds greater value upon closer inspection.
While there are other cards in the market offering a 1.5% cash back rate or more, the Ink Business Unlimited card sets itself apart by allowing users to accumulate cash back in the form of Chase Ultimate Rewards points. The true potential of these points unfolds when you possess a premium Ultimate Rewards card, enabling you to amalgamate Chase points across your accounts. This consolidation opens the door to transferring points to the Ultimate Rewards program’s diverse array of airline and hotel partners, magnifying their value.
Designed explicitly for business use, the Ink Business Unlimited card caters to the needs of small businesses. The eligibility criteria for a business credit card may be more accessible than anticipated; individuals with a credit score of 670 or above (considered “good to excellent”) stand a good chance of approval. Notably, freelancers and sole proprietors are often recognized as eligible businesses by Chase and numerous other issuers, broadening the card’s accessibility.
Ink Business Unlimited welcome offer
The Ink Business Unlimited card stands out with a sign-up bonus that surpasses those offered by most other Chase cards. Currently, the card presents a lucrative opportunity with a $900 bonus cash back available after spending $6,000 on purchases within the initial three months of opening the account. Notably, this matches the highest-ever offer observed on the card during the period from October 2022 to March 2023.
It’s important to highlight that the $900 cash back is earned in the form of highly versatile Chase Ultimate Rewards points, equivalent to 90,000 points. These points can be flexibly redeemed at a rate of 1 cent each, providing options such as cash back, gift cards, or travel bookings through the Chase Travel portal. This flexibility adds an extra layer of value to the card’s enticing sign-up bonus.
Ink Business Unlimited benefits
The correlation between benefits and cost is evident in credit cards, and unsurprisingly, the Ink Business Unlimited aligns with its lower annual fee by offering a more modest array of perks compared to cards with higher fees. Notably, its benefits mirror those provided by the Ink Business Cash Credit Card.
Here’s a brief overview of the card’s perks:
- Purchase Protection: Safeguard your new purchases for up to 120 days against damage or theft, with coverage extending up to $10,000 per claim and $50,000 per account.
- Auto Rental Collision Damage Waiver: Renting a car for business? Decline the rental company’s collision insurance, as the Ink Business Unlimited card provides coverage up to the vehicle’s cash value in cases of theft or collision damage. This primary coverage is applicable for most rentals, whether in the U.S. or abroad.
- Extended Warranty: Enjoy an extra year of coverage beyond a U.S. manufacturer’s warranty on eligible warranties of three years or less.
- Employee Cards at No Extra Cost: Grant your employees authorized user status at no additional expense. They’ll share equal charging privileges, though you can set individual spending limits if needed.
Earning rewards
The Ink Business Unlimited card offers a simple and hassle-free rewards system, providing a flat 1.5% cash back on every purchase. While this straightforward structure eliminates the need to navigate rotating or bonus categories, it simultaneously highlights the card’s appeal and its potential drawbacks.
Redeeming rewards
Elevate your redemption rate to an impressive 3% effective return on every purchase by transferring your points to an Ultimate Rewards personal card like the Chase Sapphire Preferred.
To be eligible for a transfer, the alternate card should be registered under your name, as the business owner, or under a household member. The Ink Business Unlimited card offers an outstanding value proposition when combined with these companion cards. Once you transfer points to an Ultimate Rewards-earning account, you gain the flexibility to transfer them to esteemed airline and hotel partners. Alternatively, you can book travel directly through the Chase portal, securing a consistent point value of 1.25 cents per point with the Sapphire Preferred.
The value of each point can exceed 2 cents, varying based on the chosen transfer partner.
Is the Chase Ink Business Unlimited worth having?
Adding the Ink Business Unlimited card to your portfolio is a strategic move, thanks to its enticing combination of a zero annual fee and a substantial welcome bonus. This bonus, when transferred to a partner airline, opens up possibilities to reach almost any destination worldwide.
An additional advantage of obtaining Chase business credit cards lies in their exclusion from the Chase 5/24 count once opened. While the initial application is subject to this rule, qualifying for business credit cards, such as the Ink Business Unlimited, before applying for personal credit cards from Chase or other banks, is a savvy approach to avoid impacting your 5/24 limit.
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