The Chase Ink Business Unlimited credit card is excellent for small business owners looking for a straightforward rewards program. Cardholders can earn an extra $500 if they spend $3,000 within the first three months of opening an account.
It also provides 1.5% cash back on all purchases and no annual fee. Users can choose to claim their cash back as a statement credit to go toward the card’s balance. This not only helps small business owners save money, but it also helps them cover expenses.
There are a lot of other great features that make this card appealing for business owners. For example, business owners can get employee cards for free and set custom spending limits. In addition, each employee card still earns 1.5% cash back for the primary account holder.
Ink Business Unlimited OverviewRewards Rate: Unlimited 1.5% cash back on purchases Sign Up Bonus: $500 cash back when you $3,000 within the first three months of opening the account Annual Fee: $0 APR: 14.74% to 20.74% variable (0% intro APR for 12 months on purchases)
- Balance Transfer Fee: 5% or $5 per transfer (whichever is greater)
- Foreign Transaction Fee: 3% of each transaction
- Earn up to $750 cash back per year for referring businesses
- $0 annual fee
- Unlimited cash back: All purchases earn 1.5% cash back with no cap on earnings
- 0% intro APR: Save on interest with a 0% intro APR on purchases for 12 months
- Free employee cards: Get free cards for employees and set custom limits for each one
- Foreign transaction fee: International business trips or overseas purchases are charged an extra 3%
- Low cash back rate: 1.5% cash back is a lower rate than some other business cards offer
Who Should Get Ink Business Unlimited?Best for: Business owners who want to curb expenses. With no annual fee, a 0% intro APR period, and cash back to offset purchases, the Chase Ink Business Unlimited Card can help users increase their profit margins.
It also doesn’t cost extra to add employee cards, which nets business owners additional cash back.Not for: Business owners who frequently travel outside the country. If you’re a regular international traveler, the 3% foreign transaction fee on every purchase adds up quickly.
Frequent travelers may want to look for a card that doesn’t charge foreign transaction fees, such as the Bank of America Business Advantage Travel Rewards World Mastercard.
Unlimited Cash Back
Each purchase earns you 1.5% cash back. There are no restrictions on the types of purchases and no limit on the amount of cash back you can receive. This also applies to any employee cards.
There are multiple ways to redeem rewards, including gift cards, travel, a bank account deposit, or a credit card statement. It’s a great perk that can help business owners offset their costs across the board.
0% Introductory APR
The 0% introductory APR on purchases for 12 months can be a big help for businesses. Compared to most other business cards, the Ink Business Unlimited has a longer introductory promotional period.
It’s an interest-free way to finance your business spending in the short term. It’s also helpful if you’re planning to make any large business purchases.
Combined with a $500 sign-up bonus and 1.5% cash back, small businesses can really benefit from the Chase Business Unlimited Card.
Low Cash Back Rate
Chase’s Ink Business Unlimited Card has a simple and straightforward cash back program, but the simplicity comes at the cost of lower cash back reward rates when compared to other cards on the market.
If you spend highly in certain categories, you may find that a card that gives you additional cash back in those areas produces higher returns. Although, sometimes those cards may limit the amount you can earn.
*All information accurate as of February 16, 2020.
Ink Business Unlimited compared to Capital One Spark Cash for Business:
Although the Ink Business Unlimited Card is a lower fee card option for businesses, the Capital One Spark Cash for Business Card best benefits big spenders.
In addition to a higher cash back rate it also has a higher threshold for the sign-up bonus. The annual fee charged after the first year can easily be offset if you’re spending large amounts on your business.
If you’re a newer business or one that has reduced spending habits, Ink Business Unlimited may be more suitable. There’s no annual fee and for the first 12 months, there’s no interest to pay with a 0% intro APR. Cardholders also get 1.5% unlimited cash back on all purchases.
The Capital One Spark Cash for Business requires excellent credit and has an 18.49% APR. The Ink Business Unlimited website doesn’t specify a required credit level, but it does fall under the recommended cards for those with excellent credit cards, according to CreditKarma.com.
With Ink Business Unlimited, you can earn cash back easily in two primary categories:
- Sign-up bonus – Earn $500 when you spend $3,000 within three months of opening an account
- Everyday spending – Earn 1.5% unlimited cash back on all purchases
For more information on how to redeem your rewards, check out our Chase rewards redemption guide.
The Bottom Line
The Ink Business Unlimited Card is a hassle-free cash back business credit card with a flat 1.5% cash back on all purchases. Though it doesn’t offer the highest reward rates, its unlimited rewards give you the potential to earn back thousands. With no annual fee and a 0% intro APR, it’s a low-fee option for businesses looking to earn cash back while curbing extra expenses.