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In my mind, there’s not much better news in the rewards credit card world than a brand new rewards-earning card with no annual fee and a big bonus. Oh, and if that wasn’t enough good news in one sentence, it also has a very solid everyday earnings rate. The brand new Ink Business Unlimited Card just went live, and it is very much worth considering as it is solid in nearly every important category.
In addition to that awesome introductory bonus for a card with no annual fee, you also earn 1.5x on purchases, which is extremely solid for everyday purchases. I often use the United Club Card to earn 1.5x United miles on everyday purchases, but earning 1.5x Ultimate Reward points is so much better than earning miles in one airline program. Keep in mind that the Ink Business Unlimited card earns Chase Ultimate Reward points that can be used as cash-back as advertised by the card. However, if you also have a premium Ultimate Rewards Card such as the Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred, then you can combine points, and transfer them on to Ultimate Rewards hotel and airline partners including Hyatt, United, Southwest, Singapore, Marriott, British Airways, and more.
If you prefer to use your Ultimate Reward points at a fixed value to book travel through Chase, you could move these 50,000 points to your Chase Sapphire Reserve and they would then be worth $750 in travel! As this is a small business card, you will need some sort of small business to apply. I would imagine you also need to be under 5/24 to get the card, though small business cards typically don’t count against you in future 5/24 counts.
The new Ink Business Unlimited Card is obviously great for the 50,000 point welcome bonus, but it is also a good addition to your Ultimate Rewards line-up of cards if you didn’t already have one that awards 1.5x on otherwise non-bonused categories. The Freedom Unlimited is a personal Chase credit card that also earns 1.5x on purchases. I know that 1.5x may not sound like a huge difference from 1x, but it really adds up over the long-haul since it will result in 50% more points on everyday charges than a 1x card.
If Chase Ultimate Reward points aren’t your focus right now, remember that The Blue Business℠ Plus Credit Card from American Express is another no annual fee small business card that is quite strong in the everyday earnings department. The Blue Business Plus Amex actually awards 2x fully transferable Membership Rewards points per dollar, though that bonus is capped at $50,000 in spending per year, then it switches to 1x point per dollar.
Anyone thinking about pulling the trigger on the new Ink Business Unlimited Card and its 50,000 shiny new bonus points?
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!
- 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