Chase Ink Business Unlimited Card Review

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A couple of months ago, Chase came out with another business card: the Ink Business Unlimited℠ Credit Card. New credit cards are always exciting because of the potential of earning more points or maximizing your spending even better.

You don’t have to worry whether or not this new Chase business credit card addition is a good deal though – it is. There are plenty of reasons to pick up this card. Before you make your decision, let’s talk about the details of the offer.

Link to apply: Ink Business Unlimited℠ Credit Card

American Express Business Platinum vs Chase Ink Business Preferred

Chase Ink Unlimited

  1. $500 bonus cash back (50,000 Ultimate Rewards points) after $3,000 spent in the first 3 months
  2. Unlimited 1.5x points on every purchase
  3. No annual fee

Of course, new cards come with new sign-up bonuses. The Ink Business Unlimited Card currently offers a sign-up bonus of 50,000 Ultimate Rewards points (equivalent to $500) after spending $3,000 within the first three months of opening.

Transfer Possibilities

The 50,000 Chase Ultimate Rewards points could be even more valuable than cash. While you can certainly redeem the points for $500 in cash, it might be more lucrative to transfer those points to one of the many travel companies that partner with Chase, like Hyatt and United.

Note that this is only possible if you already have a premium Chase card such as the Chase Sapphire Preferred, Chase Sapphire Reserve, or Ink Business Preferred.

With Chase Sapphire Reserve and Chase Sapphire Preferred, points are worth 1.5 cents and 1.25 cents, respectively. With this conversion, the 50,000 points sign-up bonus is worth $750 when redeeming through the Chase Sapphire Reserve travel portal and $625 for the Chase Sapphire Preferred travel portal, giving you even more than just $500 cash back.

Keep in mind that transferring your points to travel partners might squeeze even more worth out of them. Current Chase partners include United MileagePlus, British Airways Avios, Korean Air Skypass, Hyatt, or Marriott Rewards.

Earnings For Purchases

Normally, customers can expect a 1-2% cash back rate for their cards. With the new Chase Ink Business Unlimited Card, customers get 1.5% cash back on all purchases. This isn’t just for a set of qualifying purchases, because all purchases qualify! There is also no cap on the number of points that you can earn, meaning there is no limit to the rewards you can redeem.

Remember to keep good track of your points, though. With 1.5X Ultimate Rewards points per dollar, you can easily transfer those points to travel partners where they are often worth more than they would be at face-value.

We all know that an enticing sign-up bonus paired with everyday opportunities to stockpile rewards is sometimes insufficient to offset the financial burden of a high annual fee. However, the Chase Ink Business Unlimited Card comes with no annual fee. This is good for both purchases and balance transfers.

Ink Business Unlimited card

Additional Perks

So, while it is good for your FICO and financial health to pay more than the minimum monthly payments and keep a firm grasp on your debt, this card basically doubles as an interest-free, one-year loan that might be beneficial depending on your projected spending habits. Do make sure that your “loan” is paid off before the 12-month period ends because the interest is considerably higher after that free period. 

Even though the Ink Business Unlimited Card comes with loads of amazing benefits in tow, now may not be the time for you to apply for one. The most important thing to consider when opening a new credit line with Chase is their notorious 5/24 rule.

If over the past 24 months you have opened more than five new personal cards from any bank or a Capital One or Barclays business card, you may not be approved for this card. If you’re already over the limit, it’s wise to wait until enough time passes so that you’re cleared to apply.

Additionally, this card is a business credit card. This means that you need to have a business in order to successfully apply. However, in the world of sharing economy and freelance digital nomads, loads of things can count as a business. If you have an online shop or a side-gig that includes freelance writing, photography, or whatever services your independent contract provides, this qualifies as a business.

Bottom Line on the Chase Ink Business Unlimited Card

In the end, the all-new Chase Ink Business Unlimited Card is pretty impressive in terms of rewards, benefits, and a generous sign-up bonus. The 1.5% cash back or 1.5X points on all purchases have the potential to benefit your travel habits, plus savvy consumers can plan ahead. And all these benefits come with no annual fee that’s a huge win. 

Just make sure that you aren’t disqualified by the 5/24 rule and you can prove that you have a business. Then, you’ll be free to enjoy the great benefits of this brand new card from Chase.

Caroline Lupini

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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Chase Ink Business Unlimited Card Review
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