The Ink Business Unlimited® Credit Card is part of the Chase Ink Business card portfolio, and is one of the best no annual fee cards out there. We’ve just seen a massive limited time welcome offer rolled out on this card, which is the best that we’ve ever seen on this product. This is simply an unbelievable offer, especially given that this card has no annual fee.
Link: Learn more about the Ink Business Unlimited® Credit Card with 100K bonus points
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What is the current Chase Ink Unlimited Card welcome bonus?
The Chase Ink Unlimited Card is newly offering a welcome bonus of 100,000 points after spending $8,000 within the first four months. You’ll see that the bonus is marketed as offering cash back, rather than points, so it’s described as a $1,000 bonus. Indeed, you could redeem the rewards as cash back.
However, if you have the card in conjunction with a card earning Ultimate Rewards points, like the Chase Sapphire Reserve® Card (review) or Sapphire Reserve for Business℠ (review), then rewards can be transferred to Ultimate Rewards airline and hotel partners. Since I value Ultimate Rewards points at 1.7 cents each, that increases the value of the points by 70% right there, as far as I’m concerned.
I consider the 100,000 points to be worth $1,700. That’s a phenomenal bonus, especially for a no annual fee card. For what it’s worth, the previous offer was for 75,000 bonus points, and otherwise we saw limited time welcome offers as high as 90,000 points. But a six-figure welcome offer on a no annual fee card is incredible, at least for a points currency that’s this valuable.
Who is eligible for the Chase Ink Unlimited Card bonus?
When it comes to getting approved for the Chase Ink Unlimited Card and earning the welcome bonus, what rules should you be aware of? Well, there are the card specific policies, and then also the more generic Chase policies. When you pull up the application, you’ll see the following terms:
The new cardmember bonus may not be available to you if you have ever had this card or any other Chase for Business card without an annual fee. We may also consider factors pertinent to your business in determining your bonus eligibility.
As you can see, officially the welcome bonus isn’t available to you if you’ve had this exact card, or another Chase business card without an annual fee, including the Ink Business Cash® Credit Card (review). So there is an element of cards being mutually exclusive.
However, the key here is that you “may” not be eligible, and not that you absolutely won’t be eligible. I don’t love that level of vagueness, though the good news is that if you apply for the card and aren’t eligible for the bonus, you should receive a pop-up message informing you of this, before there’s a hard pull. So that at least means the downside of applying is limited.
The good news is that eligibility for the bonus is completely unrelated to whether you have a Chase business card with an annual fee, like the Ink Business Preferred® Credit Card (review) or Sapphire Reserve for Business℠ (review).
It’s fine to apply for Chase business cards as a sole proprietorship, corporation, etc. If you apply as a sole proprietorship, you can just enter your Social Security Number in the section where you’d otherwise put your EIN.
Beyond that, there are some general Chase rules to be aware of:
- This card may be subjected to Chase’s 5/24 rule, which is to say that you may not be approved if you’ve opened five or more new card accounts in the past 24 months (this excludes many business cards); however, there are increasingly data points that this rule is no longer consistently enforced
- It’s generally considered a best practice to not apply for more than one Chase business credit card every 30 days, so I’d recommend observing that limit when applying
Why the Chase Ink Unlimited Card is worth it
The Chase Ink Unlimited Card has no annual fee, and there are several reasons to consider picking it up. The way I view it, there are a few points that are most important.
For one, the card has a solid rewards structure, as it offers a minimum of 1.5x points on all spending, making it one of the best Chase cards for everyday spending. Furthermore, the card offers primary rental car coverage, which can come in handy if you rent cars with any frequency, and is incredibly rare for a no annual fee card.
Also, since the card has no annual fee, there’s really no opportunity cost to holding onto it, and it allows you to create a great portfolio of cards to maximize rewards.
Read my review of the Chase Ink Unlimited Card.
Chase Ink Unlimited Card welcome bonus FAQs
Bottom line
The Chase Ink Unlimited Card is one of the most lucrative no annual fee cards out there, and it’s currently offering a best-ever welcome bonus of 100,000 points upon completing minimum spending.
Not only does the card have a great bonus that’s too good to turn down, but it offers rewards that can make it worth holding onto, like 1.5x points on everyday spending, plus rental car coverage. If you’re eligible for this card, I think there’s a lot of merit to picking it up. Taking advantage of this bonus is a no-brainer, if eligible.
Do you have the Chase Ink Unlimited Card, and if so, what has your experience been?
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