Chase Ink Business Unlimited Credit Card Review – 1.5% Cash Back
The Chase Ink Business UnlimitedSM Credit Card is a small business credit card with no annual fee and a straightforward cash back rewards program. All eligible purchases earn 1.5% cash back, with no caps, restrictions, or categories to worry about.
Ink Business Unlimited has a lot in common with Chase Freedom Unlimited, a consumer cash back card. It’s a great choice for business owners who spread their spending across a broad range of categories. A generous sign-up bonus – worth $500 when you spend at least $3,000 in purchases in the first 3 months – adds to its upfront appeal.
If you’re looking to add a new spending aid to your business arsenal, you’d do well to take a look at Chase Ink Business Unlimited. Here’s what you need to know about its features, advantages, drawbacks, and overall suitability.
When you spend at least $3,000 in purchases within 3 months of opening your account, you earn $500 bonus cash.
Ink Business Unlimited earns unlimited 1.5% cash back on all eligible purchases, with no caps or restrictions on your earning power. Cash back accrues as Ultimate Rewards points: 1.5 points per $1 in eligible purchases.
You can redeem your accumulated Ultimate Rewards points for cash, merchandise, experiences, and services in Chase’s Ultimate Rewards marketplace.
The most straightforward way to redeem is for cash back, applicable as a statement credit or bank account deposit. You can also redeem for gift cards from dozens of merchants, travel items, (including hotels, rental cars, and airfare), general merchandise such as kitchenware, and bespoke experiences (such as dinner cruises). If you have an Amazon.com account, you can redeem your points directly for purchases at checkout.
There’s no minimum threshold for cash redemptions. Chase may impose minimums for other redemption types, but it’s increasingly common to be able to apply your point balance against purchases without reaching any minimum threshold.
Points are usually worth $0.01 apiece at redemption. Points redeemed for Amazon.com purchases are worth less – $0.008 apiece. Points don’t expire as long as your account remains open and in good standing.
Chase allows you to pool Ultimate Rewards points from multiple credit card accounts. As long as the card participates in the Ultimate Rewards program and the pooled accounts are in good standing, you’re free to combine as many points as you wish. Participating Ultimate Rewards credit cards include:
Certain Ultimate Rewards credit cards boost point values on travel redemptions. For instance, Sapphire Preferred users’ points go 25% farther when redeemed for travel. Sapphire Reserve users’ points go 50% farther.
Moreover, certain cards (including Sapphire Preferred and Reserve) allow cardholders to transfer their Ultimate Rewards points to select Chase travel partners at an enviable 1-to-1 ratio. This is far better than typical transfer ratios, which can be as low as 10-to-1 or 15-to-1. If you have a card with 1-to-1 transfer privileges or plan to apply for one soon, you can get a head start on your first transfer with Chase Ink Business Unlimited. Travel partners are subject to change, but include Southwest Airlines and Marriott-Starwood.
This card comes with the free Ink mobile app. Capabilities include:
Chase Ink Business Unlimited has a 0% APR introductory promotion on purchases and balance transfers for 12 months from account opening. Following the end of the introductory period, the variable regular APR applies.
This card’s regular APR ranges from 15.24% to 21.24% variable, depending on prevailing interest rates and your personal creditworthiness. The cash advance APR is 26.99% variable from the day you open your account.
There is no annual fee. Foreign transactions cost 3%. Cash advances cost the greater of $15 or 5%. Balance transfers cost the greater of $5 or 5%. There is no fee for additional employee cards (authorized user cards), which earn rewards at the same rate as the primary cardholder’s card.
This card comes with complimentary rental car loss and damage coverage when you charge the full cost of your rental to the card. It also boasts 24/7 travel and emergency assistance, including roadside assistance, though additional out-of-pocket fees may come into play when invoked.
Ink Business Unlimited cardholders enjoy complimentary purchase protection insurance, which covers theft and damage to purchased items, up to $10,000 per item and $50,000 total (lifetime) per account. This benefit applies to repair or replacement costs, and must be invoked within 120 days of a covered item’s purchase.
Ink Business Preferred extends original warranties for an additional year. Coverage applies only to original warranties that last no longer than 3 years.
Credit Required
Chase Ink Business Unlimited requires excellent credit. Any noteworthy blemishes on your credit report will reduce your chances of qualifying.
The Chase Ink Business UnlimitedSM Credit Card isn’t the most generous business credit card on the block. Some premium competitors allow high-spending business owners to earn double its 1.5% rate of return on a consistent basis. Top-shelf airline and hotel rewards credit cards may offer even higher earning potential for users well-versed in the ins and outs of travel loyalty programs, though their redemption options tend to be more circumscribed.
Still, Chase Ink Business Unlimited gets points for simplicity. If your top priority is earning the same flat cash back rate on every business purchase, this card needs to be on your shortlist. And if not? Well, with such clear terms, it shouldn’t be too tough to figure out.
So what do you think? Is Chase Ink Business unlimited right for you?
Updated: November 14, 2018
The Chase Ink Business UnlimitedSM Credit Card is a straightforward cash back card for business owners. If you’re looking for a business card that pays a flat rate on all business purchases and allows easy point transfers to premium Chase cards with elevated rates on travel redemptions and 1-to-1 point transfer privileges, Unlimited is a great choice.
On the flip side, this card is a bit light on value-added benefits common to premium business credit cards, and its cash back rate isn’t tops in the category.
This card’s benefits include no annual fee or fees for employee cards, generous sign-up bonus, 12-month 0% APR introductory promotion on purchases and balance transfers, broad-based cash back program with flat-rate earnings on all business purchases, lenient redemption framework, and favorable point pooling and transfer options.
Drawbacks include cash back earning rate capped at 1.5% on general spending, the 3% foreign transaction fee, and limited fringe benefits.
Overall, this is a solid business card for light to moderate spenders who tend not to concentrate spending in any particular purchase categories.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
Categories: Chase, Credit and Debt, Credit Cards, Reviews
Brian Martucci writes about frugal living, entrepreneurship, and innovative ideas. When he’s not interviewing small business owners or investigating time- and money-saving strategies for Money Crashers readers, he’s probably out exploring a new trail or sampling a novel cuisine. Find him on Twitter @Brian_Martucci.
Comments Disclosure: The below responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
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