Earlier this week we saw the introduction of the new Ink Business Unlimited℠ Credit Card, which joins Chase’s excellent lineup of Ink Business Cards (which otherwise include the Ink Business Cash℠ Credit Card and Ink Business Preferred® Credit Card). A Twitter user just asked me what the appeal is of the new Ink Business Unlimited, aside from the excellent welcome bonus:
What is the appeal of the business unlimited, other than higher signup bonus of the Freedom Unlimited?
— Sean Ostrander (@Seanmostrander) May 26, 2018
I’m excited about the introduction of the new Ink Business Unlimited℠ Credit Card, so let’s look at what makes it special.
Yes, the Ink Business Unlimited has an excellent welcome bonus
No doubt one of the most appealing things about this card is that it offers a welcome bonus of 50,000 points after spending $3,000 within three months. These points can be converted into Ultimate Rewards points, which I value at 1.7 cents each. That means this is a no annual fee card that has a welcome bonus worth $850 by my valuation.
This is one of the two best business credit card for non-bonused spend
I consider this to be one of the two best business credit cards for non-bonused spend.
The Blue Business® Plus Credit Card from American Express is awesome as well, as it offers 2x Membership Rewards points on the first $50,000 spent each calendar year. I value Membership Rewards points at 1.7 cents each as well, so to me that’s a return of 3.4% on non-bonused spend.
For many small businesses the $50,000 limit won’t be a big deal, while for others it will be a huge restriction, as there are plenty of small businesses that spend millions of dollars per year on credit cards.
The Ink Business Unlimited℠ Credit Card is the single best business credit card for non-bonused spend without any sort of caps. The card offers 1.5x points per dollar spent, and I value those points at ~1.7 cents each, so that means this card offers a 2.55% return. There’s no limit to the amount of credit card spend on which you can earn that return, which is why I consider this to be the best card without a cap on spend.
To get to Sean’s point above, this card is essentially the business version of the Freedom Unlimited. That card also offers 1.5x points on personal spend. In terms of the return on spend, these cards are identical. The difference is that one card is a business card and the other is a personal card. For those with small businesses who like to keep expenses separate, it’s great to now be able to earn these rewards with a business card.
What you need to do to maximize the Ink Business Unlimited
On the surface the Ink Business Unlimited℠ Credit Card is a cash back card. The card offers 1.5x points per dollar spent, and each point can be redeemed for a cent, so that’s like a 1.5% cash back card. But you can do much better than that.
If you have this card in conjunction with another card that earns “premium” Ultimate Rewards points, then you can do significantly better. These cards include the following:
If you have the Ink Cash in conjunction with one of those cards, suddenly your points are much more valuable. At a minimum:
- If you have the Chase Sapphire Preferred® Card or Ink Business Preferred® Credit Card, points can be redeemed for 1.25 cents each towards a travel purchase
- If you have the Chase Sapphire Reserve® Card, points can be redeemed for 1.5 cents each towards a travel purchase
That increases the value of your points by 25-50% right there, and you can potentially get even more value out of your points by transferring them to one of the Ultimate Rewards airline or hotel partners (which is my preferred redemption, and where I get the valuation of 1.7 cents per point). This includes the following partners:
|Aer Lingus Aer Club||IHG Rewards Club|
|Air France/KLM Flying Blue||Marriott Bonvoy|
|British Airways Executive Club||World Of Hyatt|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
Transferring points between cards is easy and can be done online. You can learn more about that process in this post.
The way I see it, the primary appeal of the Ink Business Unlimited℠ Credit Card is twofold:
- The card has a welcome bonus of 50,000 points upon completing minimum spend, which is among the best bonuses you’ll see on a no annual fee card
- If used in conjunction with a card earning premium Ultimate Rewards points, the card offers the best return on non-bonused spend without any spend caps of any business card
The rewards structure is virtually identical to that of the Freedom Unlimited, making this ideal for those looking to separate business and personal expenses. Given that both cards have no annual fees, there’s no downside to having both of them.