Specifically, Chase has introduced the new Ink Business UnlimitedSM Credit Card, which will be a fantastic card for everyday, non-bonused spend.
Ink Business Unlimited Card welcome bonus
The Ink Business UnlimitedSM Credit Card is offering a welcome bonus of 50,000 points after spending $3,000 on purchases within the first three months from account opening. I’ll talk more about how these points can be redeemed a bit later, but let me note that I generally value them at about 1.7 cents each. That means I value the welcome bonus on this card at $850, which is huge for a no annual fee card.
This card is subjected to the “5/24 restriction,” though you are eligible for this card even if you have one of the other Ink Cards, so lots of people should be eligible for this card.
Ink Business Unlimited Card annual fee
Ink Business Unlimited Card points earning opportunities
The Ink Business UnlimitedSM Credit Card offers 1.5x points per dollar spent. Rather than offering specific bonus categories, the card is just really well founded for all spend.
Maximizing points on the Ink Business Unlimited Card
I’ve been vague about the points earned on the Ink Business UnlimitedSM Credit Card up until now. That’s because on the surface the Ink Business Unlimited is a cash back card. Each point offers one cent cash back, meaning that you’re earning 1.5% cash back with this card, and you can redeem that towards statement credits, cash back, gift cards, or travel.
This is where there’s a trick that can greatly increase the value of your Ink Business Unlimited points. 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 Business Unlimited 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 Rewards|
|British Airways Executive Club||Ritz-Carlton Rewards|
|Iberia Plus||World Of Hyatt|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
Transferring points between cards is easy and can be done online.
So suddenly the welcome bonus is worth $850 by my math, and the card offers a return of 2.55% on all business spend, which I consider to be among the best return offered by any business card on non-bonused spend.
The Ink Business UnlimitedSM Credit Card is a great new addition to the Chase business card lineup. The card has a huge welcome bonus, and offers one of the best returns on non-bonused spend of any business card out there. You can get even more value by combining this with the Ink Business Cash℠ Credit Card (which offers up to 5x points in select categories) and the Ink Business Preferred℠ Credit Card (which offers up to 3x points in select categories, and also increases the value of all the points you earn).
It’s interesting to see how Chase is now building a business card portfolio that more or less mirrors their personal card portfolio. I wonder if a business card that’s similar to the Chase Sapphire Reserve® Card is next.
What do you make of the new Ink Business Unlimited Card?