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A small business credit card that lets you earn points you can redeem for cash back and other rewards.
30-second take
- Get this card if you want a simple rewards plan.
- Pick something else if you want a higher cashback card or one with a lengthy intro APR period on purchases and balance transfers.
- Apply with a good business credit score of 670 or higher.
| Product Name | Ink Business Unlimited℠ Credit Card |
|---|---|
| Card Type | Visa |
| Annual Fee | $0 |
| APR (Annual Percentage Rate) for Purchases | 15.24% to 21.24% variable |
| Introductory Purchase APR | 0% for the first 12 months (then 15.24% to 21.24% variable) |
| Introductory Balance Transfer APR | 0% for the first 12 months (then 15.24% to 21.24% variable) |
| Balance Transfer Fee | $5 or 5% of the transaction, whichever is greater |
| Cash Advance Rate | 26.99% variable |
| Foreign Transaction Fee | 3% of the transaction value |
| Cash Advance Fee | $15 or 5% of the cash advance amount, whichever is greater |
| Interest Free Period | Up to 20 days |
| Late Payment Fee | Up to $39 |
| Returned Payment Fee | $39 |
| Additional Cardholder Fee | $0 |
| Rates & Fees | Rates & Fees |
| Minimum Age | 18 years of age |
|---|
| Welcome Offer | $500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening |
|---|---|
| Reward Value per Dollar | 1.5% cash back |
| Rewards Points Expiry | Never |
The basics
The Ink Business Unlimited℠ Credit Card is the newest addition to the suite of business cards by Chase. It offers an unlimited 1.5x points on all purchases — or 1.5% in cash back — and it has no annual fee or additional cardholder fee for your employees.
Some may consider the 1.5% cash back nothing spectacular, For example, the Capital One® Spark® Cash Business offers an unlimited 2% cash back. But the value of the Ink Business Unlimited℠ Credit Card comes with combining the points earned with other Unlimited Rewards cards by Chase.
Cash back or points?
Cash back is the term that Chase uses when marketing this card. This means that Chase tracks your cash back as points and for each $1 you earn as cash back you actually earn 100 points. You can redeem points for cash back either as a statement credit or a deposit to your checking or savings account.
Does earning points mean I can redeem them for other rewards instead of cash back?
Yes! You can redeem your points for gift cards, travel booking or you can shop with points directly at Amazon.
You’ll be able to earn more points if Chase offers you special promotions or if you make purchases through Chase’s shopping portal, Shop through Chase®.
When you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®, your points are worth 25% more.
The perks
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Signup bonus.
Get $500 bonus cash back when you spend $3,000 on purchases in the first three months from account opening. You can redeem your points for $500 cash back, which equals a 16.6% return for the $3,000 spent.
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Unlimited cash back.
Get 1.5% cashback rewards on every purchase you make. That’s about $1.50, or 150 points, per $100 spent. If you don’t spend on any particular category like office supplies, gas or travel booking, then a universal cashback card could benefit your company.
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Intro APR on purchases and balance transfers.
You get a 0% intro APR on purchases and balance transfers for the first 12 months from opening your account and an APR between 15.24% to 21.24% variable after that. If you plan to make a large purchase or if you want to transfer your balance from another credit card, the intro APR period could help you out.
You’ll also like …
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Travel protection.
To assist you when traveling, the card membership gives you access to legal, medical or other travel emergency assistance you may need. Also, when you pay for your entire car rental with your Ink Business Unlimited℠ Credit Card, you’re insured against theft or collision damage.
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Roadside assistance.
Whenever you need help on the road — whether it be towing, replacing a tire, charging your car battery or gas delivery — call 1-800-847-2869 and the emergency service will assist you. Keep in mind that third-party service costs will be charged to your card.
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Purchase protection.
Get coverage up to 120 days after you make a purchase against damage or theft up to $10,000 per claim and $50,000 per account. You also get extended warranty on eligible items.
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No additional cardholder fee for employee cards.
Get employee cards at no additional cost. Also, you can set up spending limits and earn additional cash back from every purchase your employees make.
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Credit line.
Usually, the size of the credit line you receive depends on many factors, but with this card, you’ll start with at least $3,000. This is relatively higher when compared to other cashback cards. For example, the Spark® Cash by Capital One has a starting credit line of $2,000. To get a credit limit higher than $25,000, Chase may request additional information from you.
What to watch out for
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Foreign transaction fees.
When you travel abroad, try to minimize your payments with this card or you will incur fees of 3% per transaction.
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High late payment fees.
If you make late payments you will pay up to $39 in fees and you may be stuck paying a penalty APR of up to 29.99% variable. Try to avoid this or you may end up with the penalty APR indefinitely. Also, you may lose your intro APR period on purchases and balance transfers, and you could lose all of your points.
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High balance transfer and cash advance fees.
The card comes with balance transfer fees of $5 or 5% whichever is greater of the transfer as well as cash advance fees of $15 or 5% of the amount of each transaction, whichever is greater. Other small business cards have fees of 3% to 4%.
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Balance transfer limits.
Your balance transfers can be up to the size of your credit limit or $15,000, whichever is lower. And you can transfer up to three balances. Another thing to keep in mind: You can not conduct balance transfers from other accounts or loans that Chase has issued to you.
Best business credit cards with 0% intro APR
Consider other cards if …
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You want cash back for specific categories.
A decent no-annual-fee card is the SimplyCash® Plus Business Credit Card. You get a high 5% cash back on US office supplies and US wireless telephone services, 3% cash back on a category of your choice and 1% on all other purchases. The 5% and 3% cash back applies on up to $50,000 spent per year, and 1% cash back applies after that. You also get a 0% intro APR on purchases for the first 9 months after opening your account, and an APR of 14.24%, 19.24% or 21.24% variable after that.
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You want travel rewards.
Consider the Business Advantage Travel Rewards World Mastercard® credit card from Bank of America. It lets you earn 3 points on all purchases made through the Bank of America Travel Center and 1.5 points per dollar spent on all other purchases.
If you want a Chase card, you may consider the Chase Sapphire Preferred® Card, which lets you earn 2x points per dollar spent on travel and dining. You can combine the points earned with both the Chase Sapphire Preferred® Card and the Ink Business Unlimited℠ Credit Cards.
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You want a longer intro APR on purchases and balance transfers.
In that case, you may find the Blue Business℠ Plus Credit Card from American Express a more suitable option for your business. With this card, you get a 0% intro APR on purchases and balance transfers for the first 15 months after opening you account. After that, an APR of 13.24%, 17.24% or 21.24% variable applies. Aside from this cool perk, American Express lets you spend above your credit limit, and you can earn 2x Membership Rewards® points for all purchases up to $50,000 per year, and 1x points after that.
Compare business credit cards
What size business is the Chase Ink Business Unlimited℠ Credit Card good for?
Small businesses that spend on various categories could find the 1.5% unlimited cash back helpful. And if you want to make a large purchase for your business or if you’re looking to make a balance transfer, the 0% intro APR for 12 months after opening your account could be useful. After the intro period passes, the rate reverts to an APR between 15.24% to 21.24% variable.
With the 1.5% cash back you’ll earn $3,600 annually if your monthly expenses total $20,000.
What should I know before I apply
- Business name, address and phone number
- Tax identification number
- Years in business and type of business
- Number of employees and annual revenue
- Full name and home address
- Phone number and email
- Social Security number
- Mother’s maiden name and date of birth
- Annual income
What credit score do I need?
You can apply with a good business credit score of 670 or higher. Well-established businesses with an excellent credit score have a better chance of being approved.
What do customers say about the Chase Ink Business Unlimited℠ Credit Card?
JPMorgan Chase Credit Card is not accredited with the Better Business Bureau but it has an A+ rating and a composite score of 3.71 out of 5 stars based on 24 customer reviews. Most customer complaints revolve around poor customer service and hidden costs for Chase credit cards in general. Make sure you read your card’s terms and the rewards agreement to avoid issues with your account.
How to apply for the Ink Business Unlimited℠ Credit Card?
- Go to the Chase website and select the Ink Business Unlimited℠ Credit Card from the list of business cards. Click Apply now.
- Complete the application form with all the required information about yourself and your business.
- Complete the application form with the required details about yourself and your company.
- Review your application, click that you’ve read and agree to the Certifications and Pricing and Terms and then hit Submit.
How long will it take to get my card?
The approval for a Chase business card is usually instant. In some cases, it may take 7 to 10 business days, and if additional verification is required, it could take up to 30 days. Upon approval, you’ll receive your card within 10 business days.
I got the card. Now what?
- Monitor your account. Log in to your online account or download the Chase Mobile® app to keep track of your card activities.
- Make timely payments. If you don’t, you’ll pay late fees of up to $39. If you fail to make any minimum payment by the date due, or if you make a payment that is returned unpaid, you’ll likely pay a penalty APR of 29.99% variable. Try to avoid this, otherwise you may be stuck with the penalty APR indefinitely. In addition, Chase may prohibit you from redeeming your points.
- Avoid paying fees and interest. Aside from late payment fees and a penalty APR, you’ll pay fees for cash advances, balance transfers and foreign transactions. You’ll also pay a cash advance APR of 26.99% variable.
- Set spending controls. Control your employees’ spending by setting up limits.
- Contact customer service. For any questions you may have, call Chase customer service for business credit cards at 1-888-269-8690.
How to make the most out of this card?
- Since the Ink Business Unlimited℠ Credit Card has a $0 annual fee, you can get one for each of your employees and earn points whenever they use their cards.
- Or you can pair it with other Unlimited Rewards cards and you’ll get a decent points-earning combo.
Which cards can I pair?
You can pair the Ink Business Unlimited℠ Credit Card with all of the business and personal cards from Chase that have the Unlimited Rewards program.
For example, you can pair it with the Ink Business Preferred℠ Credit Card. With this card, you’ll earn 3x points on travel; shipping purchases; Internet, cable and phone services; and advertising purchases with social media sites and search engines. This applies to the first $150,000 you spend in these categories per year; after that, you’ll earn 1x points. For all other purchases, you’ll earn 1x points.
You can transfer these points in a 1:1 ratio with Chase’s airline and hotel partners. Plus, the card has 0% foreign transaction fees, which means you can use it freely when traveling abroad.
You can use your Ink Business Unlimited℠ Credit Card when making purchases outside of those selected categories of the Ink Business Preferred℠ Credit Card to earn 1.5x points instead of the 1x points that the Preferred card offers. Once you gather enough points, you can move them to your Ink Business Preferred℠ Credit Card and you can either transfer your points to airlines or hotels, or you can redeem them in a way that suits you best.
To get the highest value, redeem your points for travel booking through Chase Ultimate Rewards, where points are worth 25% more.
Bottom line
The Ink Business Unlimited℠ Credit Card offers a generous signup bonus and an unlimited 1.5 points per dollar spent on all purchases. On its own, this card can be useful to small businesses that spend on various categories. But pair it with another Ultimate Rewards card and you’ll start earning some serious points.
Before applying for a credit card, consider your options to find the best one that compliments your business.
Frequently asked questions
Images: chase.com
