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Chase says its new Ink Business Unlimited Credit Card rounds out the issuer’s Ink small business credit card line. And it does — quite nicely. Business Unlimited is the perfect complement to the fee-free Ink Business Cash Credit Card and the higher-end Ink Business Preferred Credit Card.

Place all three of these cards in your wallet, and you’ll have most of your bases covered when it comes to maximizing Ultimate Rewards points earning on your business purchases:

  • Use the Ink Business Unlimited for non-bonus spending. It pays a fixed rate on all purchases, which could earn you a return of up to 3.15%, based on the most recent TPG valuations.
  • Use the Ink Business Cash for office-related expenses. You’ll earn 5% back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
  • Use the Ink Business Preferred for travel and advertising purchases. It earns 3x points on the first $150,000 spent in combined purchases on travel; shipping purchases; internet, cable and phone services; and advertising purchases made with social media sites and search engines each account anniversary year. And remember, Chase has a pretty liberal definition of what qualifies as a travel-related purchase.

If you already have one or both Ink credit cards — or you have other business rewards cards with bonus categories — here’s why you might want to take a look at the new Ink Business Unlimited.

1. A Generous Welcome Bonus

A Harbour View Room at the IHG Hong Kong.
A Harbour View Room at the IHG Hong Kong. IHG is one of more than a dozen transfer partners in the Ultimate Rewards program.

Business Unlimited is a cash-back card, and its welcome bonus is offered as cash back. However, along with other cash-back cards in the Chase portfolio — including the Chase Freedom, Chase Freedom Unlimited and Ink Business Cash — you have the opportunity to convert the cash back into Ultimate Rewards points and transfer them to a card in the UR family, like the Chase Sapphire Preferred Card or Chase Sapphire Reserve. Doing this will get you the best value out of the welcome bonus and the rewards you’ll earn on everyday spending.

With the Ink Business Unlimited, you get a $500 bonus after you make $3,000 in purchases within the first three months after account opening. That cash back becomes 50,000 Ultimate Rewards points you can transfer to another card. Based on TPG’s valuations, those points are valued at $1,050. You can potentially achieve an even great return when you transfer your points (at a 1:1 ratio) to partners like Southwest, Korean Air and IHG.

2. No Annual Fee

The already attractive welcome bonus looks even better when you consider that the Business Unlimited charges no annual fee. You’d think that any card that offers more than $1,000 in first-year value would have an annual fee. This one doesn’t, and it mirrors a welcome offer by the other no-fee card in the Ink lineup, Ink Business Cash.

You may be reluctant to add yet another card that charges an annual fee to your wallet, especially if you’re already carrying a bunch of them. Business Unlimited solves that problem.

3. 1.5% Back on All Purchases

This card also answers the question: How do I get more value out of my non-bonus purchases? Business Unlimited offers a flat 1.5% cash back on all purchases. You might be tempted to compare that return to another card that offers a flat-rate reward on everyday spending, like the Capital One Spark Cash for Business, which pays 2% cash back on all spending. Don’t.

Because you can transfer Business Unlimited rewards to a Chase credit card that earns Ultimate Rewards, the value is potentially greater than 1.5% cash back. TPG currently values UR points at 2.1 cents each, meaning you could see a return of 3.15% for every dollar spent.

Use this card on non-bonus spending — such as for hardware store items to fix up your office or for filing your taxes — to maximize your rewards.

4. 0% Introductory APR

You really shouldn’t be focused on earning points and miles if you can’t pay off your credit card on time and in full every month. (It’s one of TPG’s 10 commandments.) But…stuff happens. The Ink Business Unlimited offers a nice cushion that can be useful for new business owners or if you need to finance a large purchase.

You’ll receive an introductory 0% APR for 12 months from account opening on purchases and balance transfers. After that you’ll pay a 14.99% to 20.99% variable APR. Buy those laptops now, but make sure to pay them off by this time next year.

5. You Have to Own a Business, But…

Photo by Hero Images / Getty Images
Photo by Hero Images / Getty Images

If you own a business, grabbing a business credit card is a great way to begin separating your business expenses from your personal ones. If you haven’t already, put applying for a business card on your to-do list. Business expenses are generally tax deductible, so there’s some benefit to you by going this route.

But you don’t have to have an actual brick-and-mortar shop to qualify. Eligibility is easier to achieve than it might seem. Even if you have a day job with a boss, you can qualify if you sell something on the side via eBay or Amazon. If you do freelance work or teach music or sports, that works, too. Just don’t lie on the application when you’re asked what kind of business you operate. You’ll need to certify that the card will be used for “business purposes” only and that you’ll notify Chase if you “leave the employment of the Company.”

6. Primary (Business) Rental Car Coverage

The Ink Business Unlimited includes a number of benefits you might find on other credit cards, including purchase protection and extended warranties. But it also offers primary rental car coverage — a benefit many credit cards don’t extend. Many credit cards offer what’s called secondary coverage, but that only applies after taking into consideration what your own personal car insurance covers. Primary coverage takes your personal coverage out of the equation — and protects you from deductibles or losses above a certain threshold. Ink Business Unlimited allows you to decline the rental car company’s collision insurance and be covered by the card up to the cash value of the vehicle in the case of theft or collision damage.

Bottom Line

The only thing that could make the trio of Ink cards better is if Chase introduced a business version of the Sapphire Reserve. The Ink Business Unlimited fills in the gaps not covered by the other business cards Chase offers. This is not the first card that should be in your wallet, but it’s definitely a play at keeping you loyal to the Chase brand — and this card is good enough that it should work.

New! Ink Business Unlimited℠ Credit Card

Brand New Small Business Card! Earn $500 after $3,000 spent within the first three months. That's equivalent to 50,000 Chase Ultimate Rewards points if you have another rewards earning card like the Ink Business Preferred, Chase Sapphire Preferred or Chase Sapphire Reserve. Similar to the Freedom Unlimited, this card earns unlimited 1.5% cash back on all purchases and has no annual fee - a no-brainer for small business owners!

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More Things to Know
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • 0% introductory APR for 12 months on purchases and balance transfers
  • Employee cards at no additional cost
  • No Annual Fee
Intro APR on Purchases
0% Intro APR on Purchases for 12 Months
Regular APR
14.99% - 20.99% Variable
Annual Fee
$0
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

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