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Chase Ink Unlimited: Our Full Review

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By: Caroline Lupini

The Ink Business Unlimited Card is the latest business card offered by Chase. New cards are always a good thing because they mean new sign-up bonuses and, sometimes, it’s actually even a good card!

The Chase Ink Business Unlimited is one of those good ones. There are a lot of reasons to consider getting this card, which I’ll outline below. I’ll also mention why it may not make sense to apply for this card right now.

The Chase Ink Unlimited is the newest business card to be released by Chase

First, let’s take a quick look at the offer details.

Chase Ink Unlimited (learn more)

  • $500 bonus cash back (50,000 Ultimate Rewards points) after $3,000 spend in the first 3 months
  • Unlimited 1.5x points on every purchase
  • No annual fee

Great Features of the Ink Business Unlimited Card

First off, as already mentioned above, a new card means a new sign-up bonus. The Ink Business Unlimited Card currently offers a sign-up bonus of $500 after spending $3,000 on purchases within the first three months after opening your account.

However, when spend on the Ink Business Unlimited Card, you’re not really earning simple cash back, you’re really earning Chase Ultimate Rewards points which can be even more valuable! We like to think of the sign-up bonus as really 50,000 Chase Ultimate Rewards points.

These points can be redeemed for $500 in cash back, but can also be transferred to Chase’s travel partners like United, Hyatt, and British Airways as long as you also have a premium Chase credit card such as the Chase Sapphire Preferred, Chase Sapphire Reserve or Ink Business Preferred.

Chase Sapphire Preferred (learn more)

With the Chase Sapphire Reserve, your points are worth at minimum 1.5 cents per point in the Chase travel portal while your points will be worth 1.25 cents each if you have the Chase Sapphire Preferred. That means 50,000 Ultimate Rewards points would be worth $750 or $625 in the Chase travel portal, respectively.

If you transfer your points to a partner such as United MileagePlus, Virgin Atlantic Flying Club or Hyatt, you might even be able to get more value out of your points.

For a while now, 1-2% cash back cards have been the standard, but lately banks have been upping their game! The Chase Ink Business Unlimited Card offers 1.5% back on all purchases with no limit to the number of points you can earn!

And again, you’re really earning 1.5X Ultimate Rewards points per dollar which can be used to book travel through the portal or transferred to Chase’s travel partners where they can be worth even more!

In addition to the great sign-up bonus and rewards on everyday spending, you’ll receive a 0% introductory APR period for the first 12 months on both purchases and balance transfers. While it’s always a good idea to make sure you’re not spending beyond your means and paying your credit cards off in full each month, if you know you have a big purchase coming up this is a great way to get a short interest-free loan AND earn a great sign up bonus while you’re doing it.

After the introductory period the interest rate is significantly higher so you definitely want to make sure you have everything paid off before that.

Best of all, the Ink Business Unlimited card doesn’t have an annual fee!

Reasons It May Not Make Sense to Apply Right Now

Overall, the Ink Business Unlimited Card is a pretty good one, but there are a few reasons why you might not want to get it right now.

The number one reason is if you’re already limited by Chase’s infamous 5/24 rule. If you have opened more than five new personal cards from any bank or a Capital One business card—possibly, a Barclays business card—in the last 24 months, you will not be approved for some Chase credit cards, including the Chase Ink Business Unlimited. If you’re over 5/24, you can wait until you are under 5/24 to apply for the Ink Business Unlimited or just move on.

Secondly, the Ink Business Unlimited Card is a business card. That means you’ll have to have a business in order to apply. While this initially sounds like it may disqualify you, don’t stop reading just yet!

You don’t have to have a big business and many kinds of businesses will work! Do you sell things on Etsy, eBay, or Amazon? Do you do freelance photography or writing on the side? Maybe you mow your neighbors’ lawns on occasion. All of these things qualify as a business!

10xT’s Travis C wrote an excellent piece on how to decide which Chase Ink product is best for your business.

Bottom Line

The Chase Ink Business Unlimited Card is a great new card option. You can earn a generous sign up bonus after meeting minimum spending requirements, earn 1.5% (or 1.5X points) on all of your purchases and have the option to make use of 12 months of 0% APR!

Before you apply, just make sure you aren’t impacted by 5/24 and you’ll be on your way to earning some more valuable Chase Ultimate Rewards points!

Chase Ink Unlimited (learn more)

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