New Ink Business Unlimited Card With 50K Welcome Bonus!

Filed Under: Chase, Credit Cards
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Today Chase has introduced a brand new business credit card, which joins their portfolio of the Ink Business Cash℠ Credit Card and Ink Business Preferred℠ Credit Card.

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

The Ink Business UnlimitedSM Credit Card has no annual fee, so in that regard it’s the same as the Ink Business Cash℠ Credit Card.

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:

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 ClubIHG Rewards Club
Air France/KLM Flying BlueMarriott Bonvoy
British Airways Executive ClubWorld Of Hyatt
Iberia Plus
JetBlue TrueBlue
Singapore KrisFlyer
Southwest Airlines Rapid Rewards
United MileagePlus
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.

Bottom line

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?

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  1. Will this count towards 5/24 as well or do you just need to have under 5/24 to get it but it will not count against it in the future?

  2. @ JAnet smith — This is just subjected to 5/24, but applying for a Chase business card doesn’t count as an additional card towards that total.

  3. @ PJ — I haven’t heard any data points about that yet since the card was just introduced today, but will report back when I hear.

  4. “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.”

    Sure. But…How many Ink cards is too many for Chase to tolerate?

    I’m under 5/24 (currently at 2/24) but I do have a bunch of Chase cards already. That includes THREE other Ink cards….I currently have TWO Ink Plus cards (one was converted from an old Ink Bold card) and one Ink Preferred. Total of 8 cards from Chase, 4 business and 4 personal.

    I’ve been tempted recently by the Ink Cash card (no AF, 50K sign-up and 5X on things I like to buy), but now I’m even more tempted by the Ink Unlimited. But I don’t want to “tempt fate” and upset Chase by going to the well too often.

    Do we have any sense if Chase looks askance on handing out a FOURTH Ink card to someone who already has 3 in the family? Good credit/income/etc but don’t want to ask for trouble. Opinions?

  5. @ Otto — I certainly know people who have four Ink Cards, so it’s not totally unheard of. This all comes down to your individual situation (the businesses, income, credit score, etc.). So it’s hard to provide generalized advice here. I guess I’d ask are you potentially willing to close down one of your Ink Cards? You could always try applying for the Ink Unlimited or Ink Cash and see what happens. If you’re denied there’s a decent chance they’ll let you shift around some credit from another card or let you shut down another card in order to open this one.

  6. Beside the 50K signup bonus, what does this new no-fee Chase business card offer that the Chase Freedom Unlimited does not?

  7. @DCS
    Chase is cracking down on using the Freedom Unlimited for business use (which I have been doing extensively). They are stopping this by the end of May, I was advised by Plastiq.
    So this new card gives small businesses a „legitimate“ way to earn 1.5 points per dollar on non-bonused business spend, which is fantastic news.

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