Link: Apply now for the Ink Business Unlimited® Credit Card with 75K bonus points
The Ink Business Unlimited® Credit Card (review) is one of the all-around most lucrative business credit cards, and is part of the Chase Ink Business card portfolio. The card has no annual fee, an excellent welcome bonus, and a great rewards structure. In conjunction with other cards earning Ultimate Rewards points, this can be one of the most useful cards for a small business.
In this post, I wanted to look at seven reasons you should consider applying for the Chase Ink Business Unlimited, as this is an especially good time to pick up the card (though the clock is ticking — this offer won’t be around much longer).
In this post:
1. 75,000 bonus points welcome offer
The Ink Business Unlimited currently has a welcome bonus of 75,000 points after spending $6,000 within three months of account opening. This is an incredible welcome offer, especially for a no annual fee card, and it’s 20% bigger than before.
On the surface this is a cash back card, meaning that the 75,000 points are worth $750 cash back. However, you can potentially convert these rewards into “full” Ultimate Rewards points, which I value at 1.7 cents each, so to me that bonus is worth up to $1,275.
2. No annual fee
The Ink Business Unlimited has no annual fee. Getting a no annual fee card that’s super rewarding is rare, especially when you consider the value of the welcome bonus. Not only does the card not have an annual fee for the primary cardmember, but you can also add authorized users at no extra cost.
3. 1.5x points on everyday spending
The Ink Business Unlimited offers 1.5x points on all purchases, with no limits. This is a straightforward rewards structure, so there’s no need to focus on bonus categories. If you use this card correctly, it’s the single best Chase business card for earning Ultimate Rewards points on everyday spending.
Note that while points on the card can ordinarily be redeemed for one cent each cash back (meaning that 1.5x points is really 1.5% cash back), in conjunction with other Chase cards, these can be converted into “full” Ultimate Rewards points (more on that below). Since I value Ultimate Rewards points at 1.7 cents each, to me the card offers a 2.55% return on everyday spending, which is excellent.
4. Business rental car coverage
The Ink Business Unlimited offers primary collision damage waiver coverage for rentals of most types of vehicles in most countries, except where it is prohibited by law, by individual merchants, or is in violation of the territory terms of the rental agreement. There aren’t many no annual fee cards offering rental car coverage, so I think that’s pretty remarkable.
Prior to renting, you should check with the benefits administrator (call the number on the back of your card) to verify your coverage. Keep in mind, you’re only eligible for coverage when renting for business purposes. For personal rentals, look to the Chase Sapphire Preferred® Card (review) or Chase Sapphire Reserve® Card (review).
6. Travel & purchase protection benefits
In addition to rental car coverage, the Ink Business Unlimited offers other purchase and travel benefits, including (but not limited to) the following:
- Trip cancelation and interruption coverage, of up to $5,000 per trip
- Purchase protection for up to 120 days against damage or theft
- Extended warranty protection, for up to a year on eligible purchases
You’ll want to read the cardmember agreement for exact terms, but this has the potential to be extremely valuable for purchases as well. Tiffany wrote about her experience with this benefit on a Chase card.
7. 0% intro APR
While this isn’t personally something I’ve ever taken advantage of, I know this is a popular benefit for many, especially those who have growing businesses. The Ink Business Unlimited is offering 0% intro APR on purchases for the first 12 months.
You’ll want to try to pay that off within that time period, though, because after that the variable APR can be quite high, currently at 17.74% - 23.74%.
8. Maximize the value of Ultimate Rewards
On the surface, the Ink Business Unlimited is a cash back card, as the name suggests. When I talk about “points” above, each point gets you one cent cash back. So when the card offers 1.5x points on everyday spending, that means it ordinarily earns the equivalent of 1.5% cash back.
However, you can do much better than that if you have the Chase Sapphire Preferred, Chase Sapphire Reserve, and/or Ink Business Preferred.
If you have the Ink Business Unlimited in conjunction with any of the above three cards, then those points can be converted into “premium” Ultimate Rewards points at a 1:1 ratio. This allows them to be transferred to Ultimate Rewards airline and hotel partners, or to be redeemed through the Chase Travel Portal at a favorable rate.
I value Ultimate Rewards points at 1.7 cents each, so to me that increases the value of the points earned on this card by 70%.
How to get approved for the Ink Business Unlimited
If you plan to apply for the Ink Business Unlimited there are a few things to be aware of:
- Chase has the 5/24 rule, whereby you sometimes won’t be approved for a card if you’ve opened five or more new card accounts in the past 24 months; however, this no longer seems to be consistently enforced
- While the Ink Business Unlimited is subjected to 5/24, note that when you apply it won’t count as a further card toward that five card limit, since business cards generally don’t appear on your personal report; this is an incentive to apply for business cards before personal cards
- You are eligible for the Ink Business Unlimited if you have the Ink Business Preferred® Credit Card (review) and/or Ink Business Cash® Credit Card (review), as the cards are considered separate products (I have all three cards, for example)
- You’re even eligible for the Ink Business Unlimited for multiple businesses, should you have more than one business
- You can apply for this card if you have a corporation or a sole proprietorship; many people don’t realize that a sole proprietorship makes you eligible for a business card
- While there’s no hard limit to how many Chase credit cards you can have, there is often a limit to how much total credit Chase will extend you
- Generally, I recommend only applying for one Chase business card every 30 days at most
You can read more about card eligibility requirements, and read about my experience getting approved for the card.
Bottom line
The Ink Business Unlimited is a phenomenal no annual fee business credit card, and on top of that it’s offering a best-ever welcome bonus. Getting $750 cash back (or 75,000 points) as a bonus on a no annual fee card is remarkable.
The primary reason to keep this card in the long run is that if you’re looking to earn Ultimate Rewards points, this is the best business card for everyday spending. The card offers 1.5x points on all purchases, and in conjunction with some other Chase cards, those rewards can be converted to the Ultimate Rewards airline and hotel partners. Add in the fact that the card offers great benefits, and this is a no annual fee card you’ll want to keep long term.
If you have the Chase Ink Business Unlimited, what has your experience been with the card?
I badly needed tip replace my iPhone XR. I used points to buy a new Apple iPhone. I was able to buy the phone at 75% on Apples website using points. A great deal.