Ink Business Unlimited® Credit Card review

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Best for unlimited cash back

Annual Fee:
$0
Purchase Intro APR:
0% Intro APR on Purchases for 12 Months
Regular APR:
13.24% - 19.24% Variable
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Ink Business Unlimited® Credit Card Overview

The Ink Business Unlimited® Credit Card, a Chase card, holds its own in the lineup of business credit cards. It has helpful benefits, a top-tier welcome bonus, unlimited rewards and more for no annual fee.

But in some cases, you may earn more with an alternate offer. Read on to find out if this may be the right card for your business.

Want more details? Jump to the following sections:

What are the advantages and disadvantages?

Advantages

  • No annual fee
  • 12-month intro APR on new purchases, then a low 13.24 percent to 19.24 percent variable APR
  • Top-notch welcome bonus
  • Earn unlimited rewards without expiration or categories to keep track of

Disadvantages

  • Flat-rate cash back may be beaten by business cards with bonus categories, depending on your spending
  • No intro APR on balance transfers

A deeper look into the current card offer

Quick highlights

  • Rewards rate: 1.5 percent cash back on all purchases
  • Welcome offer: $750 cash back when you spend $7,500 within three months of opening your account.
  • Annual fee: $0
  • Purchase intro APR: 0 percent on purchases for 12 months
  • Balance transfer intro APR: N/A
  • Regular APR: 13.24 percent to 19.24 percent variable

Current sign-up bonus

The Ink Business Unlimited card currently allows you to earn $750 in cash back by spending $7,500 on purchases within your first three months.

For a business card with no annual fee, this is a sizable welcome bonus. Although the spending requirement may be higher than similar cards, the payday is bigger to match—more so than several premium business cards.

Cash back details

Instead of direct cash back, the Ink Business Unlimited earns Ultimate Rewards points that you can redeem for cash at a 1:1 value. That means if your business makes you a frequent flyer, you can get even more value out of your rewards toward travel by pairing it with a Chase business travel card.

Earning cash back

Whenever you use your card to make a qualifying purchase, you will earn flat-rate cash back at 1.5 percent. So if you spend $12,000 in your first year, you would get a total of 18,000 points worth $180.

Like other flat-rate cards, there are a few expenses that won’t earn rewards. Account costs and fees like cash advances, balance transfers, checks and interest charges won’t qualify, along with gambling-related spending like lottery tickets and betting transactions.

Redeeming cash back

You can redeem your points for cash back that can be credited to your account statement or directly deposited into your qualifying U.S. checking or savings account. One positive here is there is no minimum point total in order to redeem your rewards, so you can cash them out at any time.

Since you technically earn Ultimate Rewards with this card, you can also redeem your points for travel, gift cards and purchases through the Apple Ultimate Rewards Store, Shop Through Chase and select online merchants (like Amazon.com and PayPal) using Shop with Points.

How much are rewards worth?

Most reward options carry a 1:1 value, meaning your points will be worth 1 cent apiece. Cash back, gift cards and travel through Chase carry a 1 cent value, but you may lose a bit of value when using your points through shopping portals. For example, your points are only worth 0.8 cents apiece through Amazon’s Shop with Points program, so you’ll be better off redeeming for the more flexible cash back option instead most of the time.

Benefits

Ink Business Unlimited cardholders enjoy a lineup of benefits that can help make your business run more smoothly—from travel and purchase protection to employee cards.

Free employee cards

A helpful benefit for business owners with multiple employees, free employee cards empower employees to make their own business purchases. You can set spending limits on each card so employees can only spend as much as they need to.

Account alerts

Chase will send you personalized account alerts. For example, you could program in an alert that sends you a text when an employee hits their spending limit.

Travel protection

Does your business take you on the road? Gain peace of mind with 24/7 pay-per-use roadside emergency service, primary rental car insurance that reimburses you for up to the cost of the vehicle for theft or collision (if you decline the rental company’s insurance) plus travel and emergency assistance if you run into a problem while traveling.

Purchase coverage

The Ink Business Unlimited can also help you confidently shop for your business. It offers purchase protection for 120 days, up to $10,000 per claim and $50,000 per account, in case your item gets damaged or stolen. Additionally, get extended warranty protection that can extend eligible U.S. manufacturer warranties of three years or less by one additional year.

Rates and Fees

One of the best features of the Chase Ink Business Unlimited card is that it poses no annual fee to eat into your rewards. If your business is a startup and you may need to occasionally carry a balance, the regular APR on purchases and balance transfers of 13.24 percent to 19.24 percent (variable) is well below the current average interest rate. Even better, businesses with big purchases coming up may save even more with the 12-month 0 percent intro APR on purchases before it returns to the regular APR (regular variable APR thereafter).

Additional fees to be aware of include a 3 percent fee on all foreign transactions if you use your card abroad, and a 5 percent or $5 fee for balance transfers (whichever is greater).

How the Ink Business Unlimited compares to other business cash back cards

Out of the catalog of Chase business credit cards, the Ink Business Unlimited is one of the best for startups and small businesses that haven’t cemented a specialized spending budget yet. It can cover virtually any expense, so its boosted base cash back rate with no spending limit means you could still use it as an everyday card once your business expenses have upgraded.

But if you still want a no annual fee cash back card but you spend more on office supplies, internet and phone services, gas stations and restaurants, you should consider the Ink Business Cash® Credit Card. It offers the same APR and $750 welcome offer as the Ink Business Unlimited (when you spend $7,500 on purchases in the first three months) but includes higher reward rates on those categories.

Another attractive flat-rate option is The Blue Business® Plus Credit Card from American Express. It also has no annual fee and the same ongoing APR (13.24 percent to 19.24 percent variable) and 12-month zero-interest period on purchases as the Ink Unlimited. However, you can earn 2X Membership Rewards points on the first $50,000 you make in purchases each year, followed by 1 point per dollar after that.

If you spend around $75,000 or less in a year, you could get more rewards value with this card than the Ink Business Unlimited (about $1,250 versus $1,125), but Amex points don’t have a 1:1 cash back redemption value. If you’d prefer cash back, then the American Express Blue Business Cash™ Card may be the better option. However, in that case, you may earn more cash back with the Capital One Spark Cash for Business and its unlimited 2 percent back on all purchases if you don’t mind the $95 annual fee ($0 for the first year).

Card name Annual fee Rewards Welcome Bonus Intro APR
Ink Business Cash® Credit Card $0
  • 5% cash back on purchases at office supply stores and with internet, phone and cable service providers (up to $25,000 in combined purchases per year, then 1%)
  • 2% cash back on purchases at gas stations and restaurants (up to $25,000 in combined purchases per year, then 1%)
  • 1% cash back on all other purchases
$750 bonus cash back after spending $7,500 on purchases within the first three months  12-month 0% intro purchase APR (then 13.24% to 19.24% variable APR)
The Blue Business® Plus Credit Card from American Express $0
  • 2X points on up to $50,000 on all purchases per year (then, 1X points)
15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership. 12-month 0% intro purchase APR (then 13.24% to 19.24% variable APR)
Capital One Spark Cash for Business $95 ($0 the first year)
  • Unlimited 2% cash back on all purchases
$500 bonus cash back after spending $4,500 on purchases within the first three months N/A (20.99 percent variable ongoing APR)

Best cards to pair the Ink Business Unlimited with

The best card to pair with the Ink Business Unlimited depends on your business spending since maximizing your flat-rate cash back card relies on pairing it with a bonus category card.

However, coupling your Business Unlimited with the Ink Business Preferred® Credit Card opens the door to travel redemption opportunities that can increase your points’ value. Pooling your points with the Business Preferred means your points will get a 25 percent boost to 1.25 cents each toward travel through Chase, and finding the right Chase transfer partner could bump them up to 2 cents each, according to The Points Guy’s latest valuation.

Bankrate’s Take—Is the Ink Business Unlimited worth it?

The Chase Ink Business Unlimited credit card is an all-around good card for business owners. It offers decent rewards, benefits and first-year offers, especially for no price of entry.

However, if you want to earn more back on your purchases, you may be able to get a higher rewards rate with another card. The best business rewards card will depend on how much you plan to spend, where you shop most frequently and if you spend more in certain categories than others.

about the author
Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate.com teams as a staff writer to develop product reviews and comprehensive credit ...
about the editor
Nouri Zarrugh is a writer and editor for CreditCards.com and Bankrate.com, focusing on product news, guides and reviews. His areas of expertise include credit card strategy, rewards programs, point valuation and credit scores, and his stories on building credit have been cited by Mic.com, LifeHacker, People.com and more. Through his thorough card reviews and...