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Chase Ink Business Unlimited Review 2023: Best Business Card?

Author Deepti Nickam

Terms and Restrictions Apply
Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers.
Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. POF does not include all card companies or all available card offers. Credit Card Providers determine the underwriting criteria necessary for approval, you should review each Provider's terms and conditions to determine which card works for you and your personal financial situation.
Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

 

Healthcare entrepreneurs and innovators rejoice! Today, I’m reviewing a Chase small business credit card that lets you keep your eye on the prize—growing your business—instead of complicated rewards programs. The Ink Business Unlimited card offers straightforward cash back without the headaches.

This fan favorite gives you 1.5% cash back on every purchase with no limits and a generous welcome bonus. Gone are the spending caps, rotating categories, and tracking multiple bonuses.

Intrigued by how effortless this card makes earning rewards? Keep reading to see if this is the perfect match for your business needs.

This article will include:

  • A detailed breakdown of how the Chase Ink Unlimited card works.
  • Its fees, rewards, and benefits.
  • The drawbacks you should know before pulling the trigger.

 

Read more:

 

Quick Facts

  • Card’s full name: card_name
  • Who it’s best for: Small business owners who don’t want to deal with complicated reward rates.
  • Card issuer: Chase
  • Qualifying credit score: Good to excellent (690+)
  • On FIRE Rating: 4.2/5

 

The Chase Sapphire Preferred Card Chase_Sapphire_Preferred

The Chase Sapphire Preferred is my top pick for your first rewards card. Welcome bonus of 80,000 points worth at least $1,000 when used to book travel (after a $4,000 spend in 3 mo) and other great perks you can learn about here.

 

On FIRE Score

Annual Fee card_name 5/5
APR  reg_apar,reg_apr_type 5/5
Intro Offer  bonus_miles_full 5/5
Maximum Rewards Unlimited 1.5% cash back rewards on every business purchase. 2/5
Everyday Rewards Unlimited 1.5% cash back rewards on business purchases. 4/5
On FIRE Score 4.2/5

 

What is the Chase Ink Unlimited Card?

Chase has four Ink Business credit cards, including the card_name, the card_name, the card_name, and the card_name.

The Ink Business Unlimited variant stands out as a top choice for small businesses and solopreneurs. This is a no-annual-fee credit card with a straightforward rewards structure—an unlimited 1.5% cash back rate on all purchases.

This feature is super valuable because most business cards come with restrictive reward-earning categories. And even if they don’t, credit cards will often cap your rewards. 

For instance, card_name offers 2x points on all purchases but only up to $50,000 per year. 

 

How Does the Chase Business Ink Unlimited Card Work?

To maximize the Chase Ink Business Unlimited benefits, you’ll want to know how they work.

If you have any big business purchases to make any time soon, I recommend using this card for two reasons:

  • You can enjoy a 0% APR on purchases during the initial 12 months, transitioning to a variable APR ranging from 18.24% to 24.24%. So, you can make your purchase on this card and clear up your debt within a year to avoid paying interest.
  • Secondly, spending $6,000 within the first three months of owning this card will unlock a fantastic $900 bonus cash back reward. If like me, your mind processes credit card points better than actual cash back, note that this is about 90,000 reward points! 

And like most business cards, you’ll also benefit from auto rental collision damage insurance, extended warranty protection, and complimentary employee cards—all at no additional cost.

 

Chase Ink Unlimited Fees

Details Metric
Annual fee card_name
Sign-up bonus bonus_miles_full
Intro APR intro_apr_rate,intro_apr_duration
Purchase APR  reg_apr,reg_apr_type
Cash advance APR  cash_advance_apr
Cash advance fee cash_advance_fee
Balance transfer fee balance_transfer_fees
Foreign transaction fee foreign_transaction_fee
Late fee late_payment_fee

 

Chase Ink Unlimited: Pros and Cons

Here’s a glance at all the pros and cons of getting this credit card:

 

Pros

  • No annual fee.
  • Sizeable sign-up bonus.
  • Easy-to-understand rewards.
  • Ability to pair with higher-tier Chase cards for travel rewards.
  • Intro APR for purchases.
  • Additional benefits.

 

Cons

  • No spending categories.
  • Foreign transaction fee.

 

Why I like it

 

No annual fee

This card doesn’t come with an annual fee, making it an ideal pick for businesses running on a tight budget.

 

Chase Ink Business Unlimited sign-up bonus

You can earn a substantial $900 bonus cash back after spending $6,000 on purchases within the first three months of opening your account. 

If you’re well-versed with credit card rewards, you know this is an impressive incentive, especially considering the lack of an annual fee.

 

Easy-to-understand rewards

I remember brushing off how complicated credit card rewards can be when I first started dealing with them. A couple of months in I was full of regret. Turns out, maximizing reward points is a lot more complicated than making decisions based on promotions on a credit card website. You have to deal with (no brownie points for guessing) “terms and conditions”

Now, if you’re an entrepreneur, the last thing you want to worry about is spending categories. And thankfully, the Ink Business Unlimited card comes with a flat rewards rate of 1.5 points per dollar spent. 

You can redeem your points for cash back, valued at 1 cent per point, as a statement credit or direct deposit. Chase also lets you exchange points for gift cards, book travel through Chase Ultimate Rewards, or use them for Amazon purchases.

 

Ability to pair with higher-tier Chase cards for travel rewards

Chase Ultimate Rewards points are typically valued at around one cent each, combining points with certain premium Chase cards enhances their value:

But what’s that got to do with the Ink Business Unlimited Card?

Sure, the Ink Business Unlimited Credit Card doesn’t qualify for these enhanced rates. But here’s the hack—you can transfer points to one of the other cards to unlock better rewards while spending on travel. 

Plus, these premium cards offer 1:1 transfers to loyalty programs such as United Airlines, British Airways, and Marriott, maximizing rewards even further.

Here’s a Chase Sapphire Preferred vs Sapphire Reserve comparison if you want to know more about Chase credit cards.

 

Intro APR for purchases

You can benefit from a rare 0% introductory APR for 12 months on purchases, an uncommon feature for business cards, even those with annual fees. 

Typically, introductory APR offers on business cards last only six to nine months.

 

Additional benefits

The Ink Business Unlimited card provides extra perks, including:

  • Purchase protection for new buys, covering damage or theft for up to 120 days (up to $10,000 per claim and $50,000 per year).
  • Extended warranty protection, adding an extra year to a U.S. manufacturer’s warranty.
  • Primary rental car coverage for business purposes, both in the U.S. and abroad.
  • No fee for employee cards.

Learn more about credit card perks like travel insurance benefits.

 

Why you may want a different card

 

No spending categories

I know I’m contradicting myself by listing the same features in both pros and cons. But I have a solid reason for this—if you tend to spend more in specific areas like travel or office supplies, then a flat rate of 1.5x points is a definite disadvantage. 

You might want to consider a card with higher rewards for those categories. Check out our list of the best cash back credit cards in 2023.

 

Foreign transaction fees

You’ll have to deal with a whopping 3% foreign transaction fee, which is less than ideal if you’re a globetrotter.

It all boils down to your lifestyle and business needs. If this is a major drawback for you, I recommend a business travel rewards card like the American Express Business Platinum Card instead.

Also, check out our list of the best credit cards for free travel for more options.

 

Additional Things to Know

 

How can I apply for a Chase business credit card?

If you’re gearing up to snag any Chase business credit card, here’s the lowdown on every application requirement. 

First, make sure your business is the real deal—Chase needs to know you’re legit. Next, gather all necessary information, including 

  • Company name
  • Business address
  • Annual business revenue
  • Number of employees
  • Estimated monthly spending on the credit card
  • Employer Identification Number (EIN) and/or owner’s SSN
  • Business structure
  • Business description

Once you’ve got your paperwork in order, follow these simple steps to apply:

  • The application has two main sections—one for your personal details and another for your business information.
  • For the personal section, provide your name, address, income, etc. 
  • For business, enter the legal name, DBA if applicable, tax ID number, address, number of employees, revenue, category, and estimated monthly spend. 
  • You can then choose to add employee cards.
  • Finally, choose whether you want paper or digital statements.
  • After submitting, Chase will review your application and let you know if you’re approved.

 

What is the rule for the Chase Ink bonus?

To get a Chase Ink bonus, you need to shell out at least $6,000 within the first three months of opening your account. The bonus size depends on which Chase Ink card version you’re going with. For the Chase Ink Business Unlimited Card, the current offer will give you a $900 bonus.

But there’s one rule—you only get this bonus if you haven’t already gotten a sign-up bonus for that same Ink card in the last 24 months.

 

What are all the Chase Business Unlimited benefits?

You get what you pay for when it comes to perks, and Ink Business Unlimited keeps it simple. Unlike pricier cards, it doesn’t stack up as high on the benefits scale. 

Its benefits mirror those of the card_name, but it doesn’t quite match up to the card_name, missing out on cellphone protection and trip cancellation/interruption insurance.

Here’s a quick breakdown of what’s on the table:

  • Purchase protection: Covers new purchases for up to 120 days against damage or theft, with a cap of $10,000 per claim and $50,000 per account. 
  • Rental car insurance: Renting a car for business? Skip the rental company’s collision insurance—this card has you covered up to the vehicle’s cash value in case of theft or collision damage. This applies to most rentals in the U.S. and abroad. It’s also primary coverage—so expect it to kick in before your car insurance policy.
  • Extended warranty: Extends the time period of a U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less.
  • Employee cards at no additional cost: If your team has the green light to use the card account, they’re classed as authorized users with equal charging privileges (unless you set individual spending limits).
  • Travel and emergency assistance: When on the road, you can dial up the travel and emergency assistance helpline for medical or legal referrals. Keep in mind that you foot the bill for any services provided.
  • Roadside dispatch: This membership-free program hooks you up with roadside assistance, from tows to tire changes or jump starts. But remember, you’re on the hook for the tab on any services rendered.

 

How to Maximize Chase Ink Business Unlimited Points

The Chase Bank Ink Unlimited Card will earn you an unlimited 1.5% cash back on every purchase. Here are all the ways you can redeem your rewards: 

 

1. Gift cards

Exchange your points for gift cards at major retailers and restaurant chains through the Chase Ultimate Rewards portal. While a point typically equals one cent, some retailers provide bonuses, enhancing the value of each point.

 

2. Shop with points

Select retailers like Apple and Amazon let you use Chase Ultimate Rewards points for purchases. But this method diminishes the value of each point to about $0.008, so I wouldn’t advise you to pick this route.

 

3. Statement credits

You can offset or eliminate your credit card balance by redeeming points for statement credits. Alternatively, you can also request Chase to deposit funds into your checking or savings account. Each point is valued at one cent through these methods. 

These redemption options aren’t always available for credit cards—highlighting just how flexible Chase reward points are.

 

4. Travel

Use your points in the Chase Travel Center to book flights, hotels, car rentals, and more. Point values vary by travel carrier. 

Check out more top travel credit cards.

 

5. Transfer to other Chase cards

I’ve talked about this hack already, but it will help you boost the value of your Chase Ink Business Unlimited points.

Team up your Chase Ink Business Unlimited Card with a card that rakes in “premium” Ultimate Rewards points. Combinations like these will enhance your redemption value through the Chase Travel portal:

This is a solid 25%–50% bump in your point value. 

 

6. Transfer points to Ultimate Rewards airline or hotel partners

You can squeeze even more out of your points by shifting them over to Ultimate Rewards airline or hotel partners, 

The Chase Ultimate Rewards program currently has 11 airline transfer partners and three hotel partners.

Points transfer to all these airlines and hotels at a 1:1 ratio, which is one of the reasons Ultimate Rewards points are so valuable.

Here are all the airline partners:

Chase Airline Partner Min Transfer Transfer Ratio

(Chase > Airline)

Aer Lingus AerClub 1,000 1:1
Air Canada Aeroplan 1,000 1:1
Air France-KLM Flying Blue 1,000 1:1
British Airways Executive Club 1,000 1:1
Emirates Skywards 1,000 1:1
Iberia Plus 1,000 1:1
JetBlue 1,000 1:1
Singapore Airlines KrisFlyer 1,000 1:1
Southwest Airlines Rapid Rewards 1,000 1:1
United Airlines MileagePlus 1,000 1:1
Virgin Atlantic Flying Club 1,000 1:1

And for the hotels:

Chase Hotel Partner Min Transfer Transfer Ratio

(Chase > Hotel)

IHG One Rewards 1,000 1:1
Marriott Bonvoy 1,000 1:1
World of Hyatt 1,000 1:1

 

Best Credit Cards to Pair With Ink Business Unlimited

I’ve pointed out why the Chase Ink Business Unlimited Card will pair perfectly with any premium Chase card. But it pairs especially well with other Chase Ink cards like the Ink Business Preferred and Ink Business Cash. 

Like the Unlimited variant, the card_name has no annual fee and offers 5x points on the first $25,000 of combined purchases per year on business purchases, and 2x points on the first $25,000 of combined purchases per year on restaurants and gas stations.

The card_name has a $95 annual fee and offers 3x points on the first $150,000 spent each year on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engines.

Outside the Chase ecosystem, you can look at a business travel rewards card like card_name. Apart from earning 120,000 Membership Rewards Points, you’ll also get 5x points on flights and prepaid hotels.

 

Alternatives to the Ink Business Unlimited Card

Here are some alternatives if you aren’t keen on the Ink Business Unlimited Card—

 

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Regular APR
reg_apr,reg_apr_type
Bonus Intro Rewards
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Bonus Intro Rewards
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Bonus Intro Rewards
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Chase Ink Business Cash vs. Chase Ink Business Unlimited vs. Chase Ink Business Preferred

Here’s a much-needed Chase business card comparison:

 

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Score: 3.8
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Annual fee
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Bonus Intro Rewards
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Bonus Intro Rewards
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Bonus Intro Rewards
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Chase Ink Unlimited: Useful Links

 

Chase Ink Unlimited Reviews

Here are some insightful customer reviews I found online about the Chase Ink Unlimited card:

“The Chase Ink Business Unlimited is a phenomenal credit card if you’re eligible. The card has a great welcome bonus, has no annual fee, and is the best Chase card for everyday business spending for those in the Chase Ultimate Rewards ecosystem.”

“Although I have several Chase accounts and a generous amount of money in the account with a 700+ credit score. Was denied because the business was too new.”

 

Is Chase Ink Business Unlimited a good card?

Still wondering if this credit card aligns with your needs? 

For entrepreneurs in search of a seamless credit card experience, the Chase Ink Unlimited Card’s simplicity can prove to be a business match made in heaven. Wave goodbye to bewildering bonus category terms that can leave you feeling overwhelmed.

Apart from the attractive sign-up bonus, what truly sets this card apart is its 12-month introductory 0% APR period. This means you can confidently make significant purchases you’ve been contemplating and have the flexibility to repay them at your own pace.

Apply for the card_name.

However, if you’re looking for reward programs that make your wallet sing, this credit card may not be the ideal pick for you. 

Instead, consider exploring Tcard_name, offering 5x points on flights and prepaid hotels, and 1x points on all other eligible purchases.

 

FAQ

 

What’s the credit score needed for Chase Ink Unlimited Business?

You’ll need a good to excellent credit score (around 670+ on the FICO scale) to get Chase’s Ink business cards.

 

What’s the minimum credit limit for the Chase Ink Unlimited card?

For the Chase Ink Business Unlimited® Credit Card, the lowest credit limit is $5,000, like all Visa Signature Business cards. But if your creditworthiness is solid, you could bag a higher limit.

If you’re not into dealing with credit limit restrictions, check out charge cards like the card_name instead.

 

Does Chase do a hard pull?

Yes, Chase Ink Unlimited does a hard pull on your credit report when you apply for the card. It might nudge your credit score down a bit, but that’s usually temporary.

 

Does Chase Business Ink pull personal credit?

Even though it’s a business credit card, Chase takes a peek at your personal credit score before giving the nod for the Ink Business Unlimited card.

Of course, you’ll also need business income to qualify and you must be at least 18 years old.

 

Who is Business Ink Unlimited perfect for?

The Chase Ink Business Unlimited card is a winner for newbies in the business world. With its straightforward rewards and an intro APR offer, you’ve got all the flexibility to figure out your spending habits. 

Pair it with a tiered-category business card to boost your long-term rewards game by earning more on specific expenses.

This card is also a fantastic pick for those who already have a Chase card. If you’ve got another Chase card raking in Ultimate Rewards, you can maximize points and redemptions.

 

Our Methodology

Our credit card reviews aim to provide a comprehensive assessment of both quantitative and qualitative factors. The quantitative analysis focuses on the financial costs and benefits associated with each card, including interest rates, fees, rewards programs, cash-back offers, and other monetary perks. However, we also consider qualitative aspects that impact the everyday use and value of the card. These include the simplicity of the application process, the structure of the rewards program, the likelihood of utilizing certain card features, and the suitability of the card for frequent or infrequent use. Our On FIRE rating system allows for quick comparisons between cards within a particular category. When choosing a new credit card, consumers should weigh the quantitative dollar amounts along with qualitative ease-of-use factors to select the best overall option for their needs.

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Terms and Restrictions Apply
Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers.
Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. POF does not include all card companies or all available card offers. Credit Card Providers determine the underwriting criteria necessary for approval, you should review each Provider's terms and conditions to determine which card works for you and your personal financial situation.
Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

User-Generated Content Disclosure: Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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