Top Reasons to Get This Card
No Annual Fee
Chase Ink Business Unlimited Card annual fee is zero, so you keep the card for free, forever!
Chase Ink Business Preferred Welcome Offer
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Great Rewards
This card offers unlimited 1.5% cash back on every purchase.
Intro APR
Looking for payment flexibility? Chase Ink Business Preferred card intro APR is zero for the first 12 months, on any purchases you make with the card.
Other Benefits
- You can spend the rewards in different ways including redeem for travel, git cards or cash back with Chase Ultimate Rewards portal
- Get the rewards in the form of a direct deposit into almost every U.S. checking and savings account or a statement credit.
Pros and Cons
Pros
- No APR for 12 months and no annual fee forever
- Multiple ways to earn and maximize the rewards (which are unlimited)
Cons
- You need to spend a high amount to get the sign-up bonus.
- You get no travel protections.
Is This the Right Card for You?
Going for the Chase Ink Business Unlimited Credit Card is a smart decision if you like a simple card with flat rewards and want to avoid complicated bonus category terms.
The cash back adds up quickly – consider this: With an average $5,000 monthly spend on this card, you would earn $5,000*12*1.5% = $900, making this no annual fee card one of the best cash back rewards cards for businesses.
The Chase Ink Business Unlimited requirements for approval would need a good (or excellent) credit score to get the card. Generally you can expect a good Chase Ink Business Unlimited credit limit.
The bottom line is, an appealing welcome bonus, zero annual fees, and an introductory 0% APR on purchases make it a great business card, you will never regret getting.
FAQs
What is Chase Ink Business Unlimited?
Chase Ink Business Unlimited is a credit card for businesses that offers a decent reward rate and has no annual fee. It allows you to earn 1.5% cashback on all purchases and there are no reward categories!
Does Chase Ink Business Unlimited have foreign transaction fees?
Yes, Chase Ink Business Unlimited has a foreign transaction fee of 3%. So, you need to be careful if you use this card at a location outside of the US.
Is Chase Ink Business Unlimited a good card?
Yes, Chase Ink Business Unlimited is a good credit card for businesses that want a stress-free rewards credit card and don’t want to pay an annual fee.
It lets you earn 1.5% cashback on all purchases and has a 0% APR for 12 months on purchases.
It also offers employee cards at no extra cost and allows you to earn 5$ cashback on Lyft rides.
How do I earn a $900 bonus cash back with Chase Ink Business Unlimited?
The only way to earn the lucrative $900 bonus is by spending $6,000 within three months of getting the Chase Ink Business Unlimited card.
You can spend the money on business travel, buying office supplies, paying telephone, cable, and internet bills, and making other legitimate business expenses like spending on equipment such as a new laptop, or a computer desk for business use.
What is the minimum payment on Chase Ink Business Unlimited?
The minimum payment of the Chase Ink Business Unlimited card is 2% of the statement balance or 1% of the statement balance and added fee and interest.
You need to pay the greater amount. If you miss a payment, Chase will add a late fee to your next minimum payment.
How hard is it to get a Chase Ink Business Unlimited card?
You need to have a credit score of 670 or more to get a Chase Ink Business Unlimited card.
It would be best if you also had a decent income, a good credit history and were prepared for a hard inquiry by Chase.
Which card is better, Chase Ink Business Unlimited or Preferred?
Both the Ink Business Unlimited and Ink Business Preferred are good options for small business owners. Which one you need depends on your requirements.
For instance, if you want a higher earning potential, you need to choose the Ink Business Preferred which has a higher welcome bonus (100,000 points compared to $900) and 3X points categories (compared to 1.5% cashback).
Similarly, if you want a credit card with no annual fee, the Ink Business Unlimited is a better choice as the Preferred card has an annual fee of $95.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entities.
