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If you're looking for a small business card that offers flat-rate rewards on all your business spending, the Ink Business Unlimited® Credit Card is one of the best options on the market today. Not only does it offer a flat rate of 1.5% cash back on all purchases made, but the welcome offer is substantial. New cardholders can earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
The Ink Business Unlimited® Credit Card also comes with an introductory rate offer that can be useful for small business owners who want to invest in their business or carry short-term debt for strategic purposes. Specifically, cardholders get an introductory 0% APR on purchases for 12 months (then 17.74% to 23.74% variable).
The card also earns flexible rewards. You can cash them in for statement credits, gift cards, merchandise, travel through Chase and more. If you have one of Chase’s premium Ultimate Rewards cards -- the Chase Sapphire Preferred® Card, the Chase Sapphire Reserve® or the Ink Business Preferred® Credit Card -- you can get even more value by consolidating your points from your Ink Business Unlimited to one of the above cards and taking advantage of hotel and airline transfer partners.Â
In summary, the Ink Business Unlimited® Credit Card is a good business card option for entrepreneurs and business owners who want to keep their rewards simple and have lots of flexibility when it comes to how they can cash in their points.
Pros and cons
Pros
- Earn 1.5% cash back on all spending
- No annual fee required
- Introductory APR offer on purchases
- Free employee cards
- Points can be pooled with other Ultimate Rewards-earning cards (both personal and business), such as the Sapphire cards or the Ink Business Preferred, to take advantage of additional redemption options like transfer partners.
Cons
- High APR for spending after the introductory offer ends
- Rewards don't transfer to Chase airline and hotel partners like they do with the Ink Business Preferred® Credit Card from Chase, unless you also have a premium card with travel partners.
- Foreign transaction fee
| Tip: While you can't transfer cash back earned with the Ink Business Unlimited® Credit Card to Chase airline and hotel partners on its own, you can consolidate these rewards in a Chase travel card account and transfer them that way. To do this, you or one of the household members you want to consolidate with must have the Chase Sapphire Preferred® Card, the Chase Sapphire Reserve® or the Ink Business Preferred. |
Who this card is best for
While the Ink Business Unlimited® Credit Card can work for a variety of small business owners, it's best for certain types of spenders.
- Business owners who don't want to pay an annual fee for a credit card: The Ink Business Unlimited is a good choice for small businesses that want to keep extra fees (especially credit card fees) at a minimum.
- Small businesses who could benefit from a 0% introductory APR offer on purchases: While the introductory rate on purchases for this card only lasts for 12 months from account opening (then 17.99% to 23.99% variable), it could prove useful for business owners who need to make an investment in their company and pay down their balance over time.
- Those who like flexible rewards: With so many ways to redeem and consolidate rewards from this card, there's really no way to get "stuck" with rewards you cannot use.
Who this card isn’t best for
While it's hard to complain too much about the Ink Business Unlimited® Credit Card, many business owners would be better off with a different credit card altogether.
- Business owners who want to redeem rewards for travel: If you want a business credit card that earns flexible travel rewards that transfer to airlines and hotels, this card isn’t the best pick on its own. If you also have a Sapphire card or an Ink Business Preferred that you can transfer your points to, this card becomes a great way to earn travel rewards.
- Small business owners who want travel perks: While the Ink Business Unlimited® Credit Card does come with a handful of cardholder benefits, including primary auto rental collision damage waiver when you rent a car for business purposes, it doesn't offer other travel perks like airport lounge access or annual travel credits.
- Those who travel internationally: If you travel overseas for business purposes, you would be better off with a business credit card that doesn't charge foreign transaction fees.
A closer look at the Ink Business Unlimited® Credit Card
- Rewards rate: This card doesn't offer cash back, miles, or points
- Welcome offer: Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
- Annual fee: $0
- Purchase intro APR: 0% Intro APR on Purchases for 12 Months
- Regular APR: 17.49% - 23.49% Variable
Welcome offer and rewards
The Ink Business Unlimited® Credit Card offers a flat rate of 1.5% cash back on all purchases, and new cardholders can earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. Depending on how much your business spends, $6,000 should be fairly easy to reach.
Introductory APR offer
Enjoy 0% introductory APR on purchases for the first 12 months after account opening, followed by a variable APR of 17.74% to 23.74%. If you plan to finance a large, planned purchase, divide the purchase amount by 12 to figure out how much you need to pay monthly to pay it down before the introductory period ends.
Fees
The Ink Business Unlimited® Credit Card doesn't charge an annual fee, but it does charge a 3% foreign transaction fee if you use it for purchases abroad. Other notable fees include a 5% (minimum $5) balance transfer fee, a 5% (minimum $15) cash advance fee, a $40 late payment fee and a $40 returned payment fee.
Notable business perks
Not only does the Ink Business Unlimited® Credit Card offer free employee cards, but it comes with expense-tracking tools that can make running a business easier. Other benefits include primary auto rental collision damage waiver when renting a car for business purposes, travel and emergency assistance services, roadside dispatch, purchase protection and extended warranties on eligible items.
Primary rental car insurance -- meaning it takes effect before any other insurance you may have -- is relatively rare on a card, especially one without an annual fee.
The bottom line
At the end of the day, the Ink Business Unlimited® Credit Card is hard to beat if you want to earn a competitive flat-rate cash back rate without paying an annual fee. The intro APR for purchases is icing on the cake, and the fact you can redeem your rewards several ways makes this card more flexible than most.
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That said, you may want to consider other business credit cards based on the way your business spends, your need for travel perks or other factors. The right business card for you is definitely out there, but you may need to do some digging to find it.
FAQs
While Chase doesn’t publish minimum credit score requirements for its card products, you typically need good to excellent credit to qualify. This typically means having a FICO score of 670 or above.
If you only have the Ink Business Unlimited card, you can’t transfer your points to travel partners directly. But if you or someone living in your household (that you want to consolidate points with) has the Chase Sapphire Preferred® Card, the Chase Sapphire Reserve® or the Ink Business Preferred, you can consolidate your points from your Ink Business Unlimited onto one of the above cards and then take advantage of those cards’ transfer partners.
The Ink Business Unlimited® Credit Card comes with primary auto rental coverage that applies when you rent a car for business purposes, travel and emergency assistance services, roadside dispatch, purchase protection and extended warranties on eligible items. The benefits are considerable for a no-annual-fee card, but you won’t find premium perks like airport lounge access or airline fee credits.
