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Credit score needed for the Chase Ink Business Unlimited Card

This card earns unlimited 1.5% cash back and has no annual fee, but you'll need a good score to qualify


If you’re looking for a simple 1.5% cash back on all business expenses, with no spending limits or annual fees, this may be the card for you.

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If you’re looking for a simple, cash back business card with no annual fee, no spending limits and a generous sign-up bonus, the Ink Business Unlimited® Credit Card may suit you well. Like most upper-tier rewards cards, this one requires a credit score in the good-to-excellent range (690 or higher).

For a business owner, choosing the best business credit card often comes down to expenses. If your business spends in a wide range of categories, flat-rate cash back rewards may work better than a card with tiered rewards aimed at specific categories.

The Ink Business Unlimited card offers an easy way to earn unlimited 1.5% cash back rewards for all charges, while you build your business credit. There are no spending limits, bonus categories or annual fees to worry about. Employee cards are also no-fee and allow the owner to set spending limits for each card, as well as a mobile wallet app to keep track of receipts.

Another plus to this card is the generous sign-up offer. If you spend $7,500 in the first three months, you’ll earn $750. That’s a generous bonus, but it requires some big spending. You’ll need to charge an average of $2,500 each of the first three months to qualify. This may not be a problem for your business, but be sure to have a plan in place to repay those purchases.

The good news: Chase offers a 12-month introductory 0% APR, so you’ll be able to spread your payments out if you need to and not worry about incurring interest. At the end of the introductory period, you’ll have a variable rate between 13.49% to 19.49%.

While the Chase Ink Business Unlimited is strictly cash back, if you also have a premium Chase rewards card such as the Chase Sapphire Preferred Card, you’ll have the option of turning your cash back rewards into Ultimate Rewards points – and increasing their value significantly. Redeemed through the Chase Ultimate Rewards portal, rewards can be worth as much as 50% more per point. Unlike the Ink Business Unlimited, Chase cards that earn Ultimate Rewards typically charge an annual fee. But having one adds value and flexibility to the cash back rewards you earn with the Ink Business Unlimited, so it’s worth considering.

What credit score do I need to get the Chase Ink Business Unlimited card?

Beyond your credit score, Chase may request documentation to show you have a legitimate business or sole proprietorship. Usually, your credit will be pulled and you’ll have to personally guarantee the account. Like most rewards cards, this card will require a good to excellent credit score  range (690 or higher).

But your credit score is not all Chase will look at. It will also check to see if you’ve exceeded the “5/24” rule. If you’ve opened more than five new accounts in the past 24 months, you will probably be denied. Chase only considers whether an account was opened. It doesn’t matter if you’ve since closed it.

However, if you are approved for this card, it won’t count against your personal 5/24 limit since it’s a business card. Chase will also look at your debt load, especially your debt-to-income ratio and other items listed in your credit reports.

How can I improve my score to qualify for it?

Since Chase reviews your personal information, in addition to any business documentation it requests, all of the usual advice about improving your credit score applies here. Start by scrutinizing your credit report, which you can get at AnnualCreditReport.com. Your score is based on information on file there, so be sure it’s accurate and up to date. Any items more than seven years old (except a Chapter 7 bankruptcy or a closed account in good standing) or that you don’t recognize should be disputed following the process outlined when you obtained the report.

You can order a credit score when you get your credit report, but if you have a dispute, you might want to hold off until it’s resolved since it may change. You may also have access to your score via a financial institution you do business with. You can find credit score simulators at the websites of the three credit bureaus (Equifax, Experian and TransUnion). These simulators will give you a ballpark estimate so you have an idea of where you stand before any corrections are made.

Paying your bills on time and as agreed accounts for 35% of your FICO score. Keeping your credit utilization ratio low will also help, since this counts for 30%. Another 15% comes from the length of time you’ve been using credit – the longer the better.

If you don’t have any installment loans in your credit history, consider using a savings account to open a low-interest passbook loan to wring another 10% out of FICO for having a diverse credit mix. Try not to apply for new accounts for a couple of months before you apply to Chase. If your score is still not stellar, consider adding alternative payment data like phone payments (Experian Boost) or banking data (UltraFICO) to your file as these actions can only help your score.

What if Chase denies my application?

If despite your best efforts, you are denied, you have the right to know why, and Chase is required by the Fair Credit Reporting Act to tell you. Any lender that turns you down using a credit score has to provide you with the score it used. You do not need to ask for it – it’s automatically sent to you. The lender will also tell you what credit bureau it used and how you can get a free credit report. Review that information and take the steps required to correct the situation.

Each credit bureau has a dispute process that is clearly laid out. But be aware that negative information, if it’s accurate, cannot be removed until it’s time-barred, usually seven years. If you make any changes, such as disputing errors on your credit report, paying down debt or closing other credit cards, your credit reports may not reflect that newly updated information immediately. Keep pulling credit reports (for free on a weekly basis until April 2022) until you see the changes have been reported and your file updated before reapplying.

Avoid companies that promise to improve your score by removing accurate information. They can’t do it and they may get you in trouble to boot!

Bottom line

You’ll need a good credit score (690 or higher) to qualify for the Chase Ink Business Unlimited card. If you don’t want to pay an annual fee or keep track of rewards categories, this could be the right card for your business. The simple 1.5% cash back rate applies across the board, and employee cards are free, easy to track and earn the same cash back. If you already have a Chase rewards card that earns Ultimate Rewards, the points you earn could be worth even more depending on how you use them.

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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