If you’ve heard of the Chase Freedom UnlimitedSM Card, you must know of how much people adore it. Introducing its sibling card made for business owners, the Chase Ink Business UnlimitedSM Credit Card, offers a similar simple rewards structure, has no annual fee, and plenty of redemption options.
In addition, it offers the opportunity to transfer points to one of Chase’s Ultimate Rewards cards.
Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. This is a big cash bonus for a card with no annual fee.
Cardholders earn an unlimited 1.5% cash back on all purchases with this card. The Ink Business UnlimitedSM has no bonus categories, so this card is a good match for anyone looking to fill in the gaps on non-bonus spending. Pair it up with a card that offers bonus categories on the types of spending your business does most.
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Chase Ink Business Unlimited Credit Card Summary
With the Chase Ink Business UnlimitedSM Credit Card:
• 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
Earn An Unlimited 1.5% Cash Back
Like the Freedom UnlimitedSM, the Ink Business UnlimitedSM offers 1.5% cash back per dollar spent on all purchases. It has a simple rewards structure, requiring no thinking about rotating or bonus categories. This is a double edged sword.
For instance, if you purchase airfare with this card, you won’t earn rewards of up to 5x points that other cards, such as the Platinum Card® from American Express, offer.
And, if you purchase a lot of office supplies or internet service, you’ll be missing out on what the Ink Business CashSM offers. It gives 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, cellular phone and landline services each account anniversary year (then 1% thereafter).
Therefore, avoid using this card on purchases that could earn you better returns when you use another credit card.
Redeeming Cash Back
Redeem your Ink Business UnlimitedSM rewards for cash back, for gift cards, or for travel and goods and services offered through Chase’s rewards program.
If you redeem for cash, you can receive your money in the form of an account statement credit or through an electronic deposit into an eligible US checking or savings account. Points are worth 1 cent apiece when redeemed for cash, gift cards or travel.
Boost your redemption rate on your spending if you move your points to another Chase card with Ultimate Rewards® points. The other card must be registered to the owner of the company, you or a member of your household to qualify.
Once you move points over to an Ultimate Rewards-earning account, you can transfer them to one of Chase’s many travel partners or book travel directly through the Chase portal and receive up to 1.5 cents per point in value.
Depending on which partner you transfer your points to, you can earn even more value for your redemptions.
Transferring To A Chase Ultimate Rewards Card
The Ink Business UnlimitedSM features a welcome offer of $500 cash back when you spend $3,000 in the first three months after account opening. If you have a Chase credit card that earns Ultimate Rewards, you can earn even more. Credit cards that earn Ultimate Rewards include the Chase Ink Business Preferred℠ Card, Chase Sapphire Preferred® Card, and the Chase Sapphire Reserve® Card.
You can turn the $500 bonus you earned into 50,000 Ultimate Rewards points. With the Ink Business Preferred℠ Credit Card and the Chase Sapphire Preferred® Card, points are worth 1.25 cents each when redeemed for travel this way. With the Chase Sapphire Reserve®, they’re worth 1.5 cents each when redeemed this way. This is quite the amount on a card that charges no annual fee.
The Ink Business Unlimited℠ Credit Card isn’t eligible for these more-valuable travel redemptions. However, if you also have any of the other three Ultimate Rewards-earning cards, you can transfer earned points from your Ink Business Unlimited℠ to that card. If you do this, then redeem for travel, your effective rewards rate gets even better.
Points on those three cards can also be transferred at a 1:1 ratio to other loyalty programs. Some include United Airlines, British Airways, and Marriott. Potentially, you could earn an even higher effective rewards rate.
The Chase Ink Business UnlimitedSM Credit Card is an excellent addition to the Chase Ink family, filling in the rewards gaps the other cards don’t cover, offering a solid return on everyday, non-bonus spending. You can maximize your rewards by pairing this card with one of the other Ink cards and a personal Ultimate Rewards card.
Just be mindful of Chase’s 5/24 rule that this card falls under. If you’ve opened 5 or more credit cards over the last 24 months, you’ll most likely be denied.
The unlimited cash back offered by this card won’t give you the highest return among cash back business credit cards if you redeem for cash. Cards like the Capital One® Spark® Cash for Business pays 2% cash back on all purchases. Nonetheless, the Ink Business UnlimitedSM can be more valuable than Spark Cash because of the ability to transfer points to an Ultimate Rewards-earning card.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.