angle-up angle-down

Ink Business Unlimited Credit Card review

Published: May 23, 2018

Partner Offer

Apply Now
Published: May 23, 2018

Partner Offer

Apply Now
Ratings Policy
Business Rating:
3.6 rating
3.6 rating
3.6 / 5
Rewards Value 3.4
Annual Percentage Rate 0.5
Rewards Flexibility 4.1
Features 3.0

In a Nutshell:

Business owners who simply want to “set it and forget it” will likely enjoy earning unlimited 1.5 percent cash back with the new Chase Ink Business Unlimited card.

Learn more about this card

Rewards Rate
1.5% cash back on every purchase

Introductory Bonus
$500 if you spend $3,000 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($4,000 monthly spend)
$886

APR
14.74-20.74% (Variable)

Rewards Redemption
Pros

  • Rewards don’t expire
  • No limit on rewards you can earn
  • Variety of redemption options, including statement credits, deposit into checking or savings account, travel, gift cards, Amazon purchases, experiences
  • No blackout dates on travel rewards
  • Transfer points to qualifying Ultimate Rewards cards

Cons

  • Minimum 2,000 points required for a redemption
  • Unless you transfer points to a premium Ultimate Rewards card, they’re only worth 1 cent apiece

Other Notable Features: No fee for employee cards, set individual limits per card, mobile wallet app to track receipts

Apparently, after the roaring success of the Chase Freedom Unlimited card, Chase spied a gap in its business portfolio and has moved to replicate the Freedom Unlimited card’s success for its business line of credit cards.

The new Chase Ink Business Unlimited card mirrors the simplicity of the Freedom Unlimited card: Business owners earn unlimited 1.5-percent cash back on all their purchases (and their employees’ purchases), with no spending caps, bonus categories or annual fees to fret about.

Also, Ultimate Rewards members listen up: If you haven’t already hit your application limit with Chase’s 5/24 rule, the Ink Business Unlimited card presents yet another opportunity to score 50,000 Ultimate Rewards points in one swoop.

Generous sign-up bonus

The Chase Ink Business Unlimited card offers a $500 sign-up bonus to new cardholders who manage to spend $3,000 in the first three months of membership.

This is an incredibly large sign-up bonus for a cash back card, not to mention a very reasonable spending requirement. Best of all, since the Ink Business Unlimited card is part of the Ultimate Rewards family, the bonus translates to 50,000 Ultimate Rewards points.

If you are in the game of collecting Ultimate Rewards points (or are looking to get into the game), this is a great opportunity to score a large number of points toward your next free plane ticket.

Simple cash back scheme

Business owners who prefer a no-annual-fee card without spending caps or bonus categories to keep track of, will earn a high rate of 1.5-percent cash back on every purchase with the Ink Business Unlimited card.

Note that, while this is a pretty good rewards rate for a no-fee card, you can earn more cash back for your business if you’re willing to dole out a little extra each year for a card with an annual fee.

For instance, the Capital One Spark Cash card offers unlimited 2 percent cash back on every purchase for a $95 annual fee (and no fee for employee cards). For many business owners, it should be easy to rack up enough cash back on business purchases to quickly outmatch a $95 fee.

Furthermore, if you’re not fazed by some extra maintenance and you want to maximize the rewards on your business purchases, you should seriously consider signing up for a travel rewards card – particularly a card with category bonuses. The Chase Ink Business Preferred card, for instance, offers 3 points per dollar on up to $150,000 in business-related purchases each year – twice the rate of the Ink Business Unlimited card.

Flexible redemption options

On the plus side, Chase makes it relatively simple to redeem your cash back. Points don’t expire and you have a variety of options for redeeming your rewards – you can redeem your points for a statement credit or as a deposit into a checking or savings account, or you can redeem them for a variety of other rewards, including travel rewards, gift cards, Amazon purchases and experiences.

Unfortunately, for cardholders seeking the ultimate low-maintenance credit card, Chase falls a little short of some of its competitors – there’s no option to automatically redeem your cash back (the Capital One Spark Cash Select card offers this feature), and you have to wait until you collect at least 2,000 points to redeem them.

Pair it with a premium card from Chase

The Chase Ink Business Unlimited card isn’t just for low-maintenance cardholders. It’s also a great card for rewards maximizers – you can pair the card with a premium Ultimate Rewards card – such as the Chase Sapphire Preferred card, which offers 2 points per dollar on travel and restaurant purchases, or the Chase Ink Business Preferred card, which offers a 3-point bonus on business purchases.

Not only can you juggle the Chase Ink Business Unlimited card with these cards to earn a 1.5-percent bonus on purchases that don’t qualify for the other cards’ bonus categories, but you can then transfer your points to the Sapphire Preferred card or the Ink Business Preferred card and redeem them for travel to earn a 25-percent redemption bonus on your points (basically boosting their value to 1.25 cents per point).

You can also transfer your points from these cards to a number of airline loyalty programs, such as United or Southwest airlines, to get an even better value on your points.

0-percent interest for 12 months

Aside from cash back rewards, the Chase Ink Business Unlimited card has another very appealing feature for business owners: It offers a 0-percent introductory APR on both new purchases and balance transfers for 12 months – a very long introductory period for a business card. If you are looking to make a large purchase for your business, this could be a great opportunity to finance it at 0-percent for a year, while using your sign-up bonus to help pay down the purchase.

Business-related features

The Chase Ink Business Unlimited card is designed specifically for the need of small-business owners: Chase allows you to add employees to your account for no annual fee and to set individual limits for each employee. You can also use Chase’s mobile app to set up alerts for your employee cards, as well as to file and track receipts on the go.

Why get the Chase Ink Business Unlimited card?

  • You want a simple, no-annual-fee business credit card that lets you and your employees earn a high rate of cash back.
  • You want the ability to issue credit cards to your employees for no additional fee and closely monitor their spending.
  • You’re looking for an additional opportunity to earn 50,000 Ultimate Rewards points.
  • You’re searching for a card to pair with the Chase Ink Business Preferred card.

How to use the Chase Ink Business Unlimited card:

  • Spend at least $3,000 on the card in the first three months to earn the $500 sign-up bonus.
  • Use the card for all your purchases (and your employees’ purchases) to earn a consistently high rate of cash back.
  • Pair this card with a premium Ultimate Rewards card, such as the Chase Sapphire Preferred card or the Chase Ink Business Preferred card – you can transfer your points to those cards and redeem them for travel to get a 25-percent boost on your point value.

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.

Partner Offer

Apply Now