Chase Ink Business Unlimited Credit Card review 2024: Straightforward cash-back rewards for business owners
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BLUEPRINT
Updated 2:36 a.m. UTC July 3, 2024
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For those who don’t have time to stay on top of revolving bonus categories or spending caps, our Chase Ink Business Unlimited® Credit Card will explain how it works and what you should know about its simple rewards of 1.5% cash back on purchases.
Editor’s note: This article contains updated information from a previously published story.
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Ink Business Unlimited® Credit Card
Chase Ink Business Unlimited basics
- Annual fee: $0.
- Welcome bonus: $750 cash back after spending $6,000 on purchases in the first three months of account opening.
- Rewards: 1.5% cash back on purchases.
- APR: 0% intro APR for 12 months on purchases, then a 18.49% to 24.49% variable APR applies to purchases and balance transfers. A balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, applies.
- Other benefits: High-value welcome bonus, employee cards at no extra charge, rewards can be combined with other eligible Chase cards.
- Does the issuer offer a pre-approval tool? No.
- Recommended credit score: Good to excellent.
Chase Ink Business Unlimited review
The Chase Ink Business Unlimited card is a strong business credit card for those who want a simple, flat cash-back rewards program. This card doesn’t require you to strategically plan purchases around revolving or tiered bonus categories.
Plus, its current welcome bonus offer is generous. New business cardholders can earn $750 cash back after spending $6,000 on purchases in the first three months of account opening. New cardholders also can access a 0% intro APR for 12 months on purchases, then a 18.49% to 24.49% variable APR applies to purchases and balance transfers. A balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, applies.
However, the Chase Ink Business Unlimited rewards program is fairly vanilla as far as business rewards cards go. It offers a similar rewards rate and features that you might expect from a no-annual-fee card class at 1.5% cash back on purchases. Although that’s better than a meager 1% cash-back program, there are more exciting options on the market. The foreign transaction fee also puts a damper on this card for anyone planning on using it when traveling abroad or for international purchases.
Chase Ink Business Unlimited rewards
The Chase Ink Business Unlimited card offers solid, simple rewards of 1.5% cash back on purchases. This rewards structure is certainly easy to follow, but it might not be quite as lucrative as other rewards cards on the market with elevated earnings in key categories. Nonetheless, you can earn a tidy sum with enough regular spending.
The card also comes with an attractive welcome bonus, helping you build up rewards quickly if you can meet the minimum spending requirements. New business cardholders can earn $750 cash back after spending $6,000 on purchases in the first three months of account opening.
We gathered government and other publicly available data to calculate the rewards potential of the Chase Ink Business Unlimited card. Based on this data, we estimated that a small business owner in the market for this card might have $29,525 in expenses that could be charged to a credit card.
| SPENDING CATEGORY | SPENDING AMOUNT | CASH-BACK RATE | CASH-BACK EARNED |
|---|---|---|---|
Daily spending
| $28,680
| 1.50%
| $430.20
|
Qualifying Lyft rides
| $845
| 5%
| $42.25
|
TOTAL
| $29,525
| $472.45
|
Based on these assumptions, we estimate that the rewards potential for the Chase Ink Business Unlimited card is approximately $472.45 per year.
Though the Chase Ink Business Unlimited bills itself as a cash-back card, you actually earn Chase Ultimate Rewards® points, which you can redeem for cash-back, gift card, merchandise or travel through Chase’s travel booking portal, all at a value of a penny per point.
Additionally, if you have a premium Chase credit card that participates in Ultimate Rewards, such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® or Ink Business Preferred® Credit Card * The information for the Ink Business Preferred® Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. , you have the option of pooling your points and taking advantage of the ability to transfer your points to one of Chase’s airline and hotel travel loyalty partners, potentially squeezing far more value from each point.
Chase Ink Business Unlimited APR
New Chase Ink Business Unlimited cardholders get a 0% intro APR for 12 months on purchases, then a 18.49% to 24.49% variable APR applies to purchases and balance transfers. A balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, applies.
How the Chase Ink Business Unlimited compares to other cash-back business cards
The Chase Ink Business Unlimited is certainly a worthy choice for a business owner seeking simplicity. But if you’re looking for elevated bonus rewards earnings or other perks this card lacks, you might want to consider one of these alternatives.
Chase Ink Business Unlimited vs. The American Express Blue Business Cash™ Card * The information for the The American Express Blue Business Cash™ Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
The no-annual-fee American Express Blue Business Cash Card (terms apply) is a simple business cash-back card that lets you earn slightly higher rewards, compared to Chase Ink Business Unlimited.
You can earn 2% cash back on all eligible purchases (automatically rewarded via statement credits), up to $50,000 per calendar year, then 1% using The American Express Blue Business Cash™ Card * The information for the The American Express Blue Business Cash™ Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. . Unless you specifically want to earn Chase Ultimate Rewards to combine with a premium Chase card for travel redemptions, the Blue Business Cash Card’s higher rewards rate on everyday spending makes it the better choice.
All information about The American Express Blue Business Cash™ Card has been collected independently by Blueprint.
Chase Ink Business Unlimited vs. Bank of America® Business Advantage Travel Rewards World Mastercard® credit card * The information for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Like the Chase Ink Business Unlimited, the Bank of America Business Advantage Travel Rewards World Mastercard doesn’t charge an annual fee, and it offers 3 points per $1 on car, hotel or airline travel booked through the Bank of America Travel Center and 1.5 points per $1 on other purchases. Those who are eligible for Bank of America’s Preferred Rewards program could see even greater rewards of 25% to 75% more points per dollar spent.
It also doesn’t charge foreign transaction fees which could present savings for businesses that regularly make transactions abroad. Overall, it’s a more rewarding choice for travelers than the Ink Business Unlimited.
Chase Ink Business Unlimited vs. Capital One Spark 2% Cash Plus * The information for the Capital One Spark 2% Cash Plus has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
If you need borrowing flexibility, the Capital One Spark Cash Plus card might be a solution. There is no APR because the balance is due in full every month. If the bill is paid late, a 2.99% late fee will be charged each month.
It charges a $150 annual fee, and earns an unlimited 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. You’d have to spend at least $7,500 (without any travel bookings through Capital One) each year to break even with the annual fee. Those who spend upwards of $150,000 annually on the card will receive a refund of the $150 annual fee each year they meet that spending threshold, which can essentially turn this into a no-annual-fee card for those who spend enough.
The Chase Ink Business Unlimited is right for you if:
- You strive for simplicity. If you don’t have the time or interest in keeping track of bonus categories and juggling different cards for different purchases, the Chase Ink Business Unlimited may be the business credit card for you.
- You seek a solid welcome bonus. The Chase Ink Business Unlimited offers one of the better welcome bonuses on the market today.
- You don’t travel for business internationally. If you travel only domestically, or don’t travel for business at all, this card might suit you. Otherwise, its foreign transaction fees could be a dealbreaker.
Frequently asked questions (FAQs)
Yes, applying for the Chase Ink Business Unlimited credit card involves a hard credit check. The bank will review your business’ credit and financial information, as well as your personal credit.
Business customers who have a Chase Ink Business Unlimited card earn 1.5% cash back on purchases.
Ultimate Rewards points earned through Chase Ink Business Unlimited can be redeemed as an electronic cash-back deposit into a deposit account, a statement credit, travel, gift cards and more.
*The information for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, Capital One Spark 2% Cash Plus, Ink Business Preferred® Credit Card and The American Express Blue Business Cash™ Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.
Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
