Chase Ink Business Unlimited Credit Card Review

0


We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money. The conditions apply to American Express benefits and offers. Registration may be required for certain American Express benefits and offers. Visit americanexpress.com to learn more.
Ink Business Unlimited® credit card Ink Business Unlimited® credit card
Editor’s Note: (N / A)

Learn more external link icon On our partner’s secure site

Ink Business Unlimited® credit card
Editor’s Note: (N / A)
  • Introductory bonus:

    $ 750

  • Annual subscription :

    $ 0

  • Regular APR:

    13.24% to 19.24% Variable

  • Recommended credit score:

    670-850 (good to excellent)

Reward rate:

Earn unlimited 1.5% cash back on every purchase made for your business.

NextAdvisor’s Take

Advantages

  • No bonus category to follow
  • Generous sign-up bonus
  • No annual fee
  • 0% APR on purchases for 12 months

The inconvenients

  • Some cash back business cards offer a higher reward rate
  • High spending threshold for the sign-up bonus
  • Charge of foreign transaction fees
  • Rewards do not pass through to Chase airline and hotel partners

The bottom line

The Chase Ink Business Unlimited Credit Card makes it easy with a flat-rate 1.5% cashback for every dollar spent. A generous bonus offer and introductory APR offer for purchases help it stand out as a solid choice for a business credit card.

Additional card details

  • 0% APR on purchases for 12 months, followed by a variable APR from 13.24% to 19.24% Free employee cards
  • Account management and expense tracking tools for your business
  • Extended warranty coverage
  • Protection of purchases against damage and theft
  • Primary rental car coverage when renting a car for business purchases
  • Travel and emergency assistance services
  • Road expedition

Chase Ink Business Unlimited Credit Card Full Review

Card type

The Chase Ink Business Unlimited is a business credit card that provides cash back rewards.

Annual subscription

Chase Ink Business Unlimited does not charge any annual fees.

Welcome offer

New cardholders can earn $ 750 in bonus cash after spending $ 7,500 on purchases within three months of opening the account. The spending threshold for this bonus is quite high – you’ll need to spend an average of $ 2,500 on business expenses per month in the first three months to qualify.

Introductory offer

There is an introductory offer of 0% APR on new purchases for 12 months, followed by an ongoing variable APR of 13.24% to 19.24%.

Awards

Business owners who choose Chase Ink Business Unlimited earn 1.5% cash back on every purchase. This unlimited plan means you never have to follow any bonus categories or winnings caps.

Costs

The current variable APR of this card is 13.24% to 19.24%. Chase Ink Business Unlimited does not charge an annual fee, but it does charge a 3% overseas transaction fee on all purchases you make overseas.

Since there is no introductory offer for balance transfers, this card is not a good choice for debt repayment, but a 5% (minimum $ 5) balance transfer fee. ‘apply if you transfer a balance. There is also a 5% advance charge (minimum $ 15) and a charge of $ 40 for late or returned payments.

Other benefits

In addition to cash rewards, Chase Ink Business Unlimited also comes with free employee cards and expense tracking tools for businesses. In addition, you will benefit from certain protections, such as extended warranty coverage on purchases with a manufacturer’s warranty of three years or less, purchase protection against damage and theft, and primary rental car coverage. when renting a car for business purchases.

Other benefits include travel and emergency assistance services and route dispatch.

Benefits of the Chase Ink Business Unlimited Credit Card

There are several reasons why you can choose this card for your business expenses, but the main benefit is the 1.5% flat cash back with no limits or categories of rewards. The rewards you earn with this card can be redeemed for cash back, statement credits, gift cards, merchandise, travel and more.

Chase Ink Business Unlimited also doesn’t charge an annual fee, which can be a major benefit for sole proprietors or freelancers without a high expense to justify an annual fee, or for business owners trying to keep costs down. And the introductory 12-month APR offer for purchases can be a huge plus for business owners with large upcoming expenses for payroll, inventory, or other business investments.

Cons of Chase Ink Business Unlimited Credit Card

This card’s 1.5% return on every purchase is good, but some business credit cards offer a higher cash back rate on all purchases, at least up to annual limits. For example, the American Express Blue Business Cash â„¢ card offers a flat 2% cashback with no annual fee, even if you only earn that rate on your first $ 50,000 spent annually, then a 1% cashback.

This card does not allow you to redeem rewards for transfers to Chase airline and hotel partners. Plus, it charges an overseas transaction fee when you use it for purchases outside of the United States. If you want more travel exchange options from Chase and no overseas transaction fees, you might find that the $ 95 annual fee on the Chase Ink Business Preferred credit card is worth those extra perks.

How to use the Chase Ink Business Unlimited Credit Card

Unless you already have high monthly expenses, consider requesting the Chase Ink Business Unlimited when you have a large purchase to make or plan to spend high for a month, as you’ll want to spend $ 7,500 on business purchases. within three months of opening the account to earn the welcome bonus of $ 750.

If you have employees, you can also take advantage of employee cards on your account to maximize your rewards. Employee cards are free, and you also earn rewards for every dollar employees charge their cards.

Maximizing your rewards is easy from there, thanks to the 1.5% flat rate you earn on all purchases. But like any credit card, just make sure you only charge what you can afford to pay when your statement is due. And if you do decide to take advantage of the introductory 0% APR, have a plan to pay off all of your expenses by the end of the first year. Otherwise, you’ll be taking on rapidly growing debt balances with this card’s high ongoing APR.

Chase Ink Business Unlimited Credit Card vs. Other Cards

  • Introductory bonus:
  • Annual subscription :

    $ 0

  • Regular APR:

    13.24% to 19.24% Variable

  • Recommended credit:

    670-850 (good to excellent)

  • Learn more external link icon on the secure site of our partner.
  • Introductory bonus:
  • Annual subscription :

    $ 95

  • Regular APR:

    15.99% to 20.99% Variable

  • Recommended credit:

    670-850 (good to excellent)

  • Learn more external link icon on the secure site of our partner.

Is the Chase Ink Business Unlimited Credit Card Right for You?

Editorial independence

As with all our credit card notice, our analysis is not influenced by any partnership or advertising relationship.

This card offers a generous signup bonus, 0% introductory APR, and ongoing rewards, but be sure to compare other options before applying. Depending on your business budget and annual expenses, a card with a different rewards structure may better maximize your business expenses.

With Chase Ink Business Unlimited, you can earn 1.5% fixed rewards with no hassle or annual fees. This makes them a great choice for the self-employed or sole proprietor who value simplicity and looking to capitalize on their expenses, or business owners who want to avoid annual fees.

If you have a business with very high monthly expenses, or spending focused on common reward categories like travel or technology, another business card may offer more value.

Frequently Asked Questions (FAQ)

Does the Chase Ink Business Unlimited credit card allow you to transfer points to airlines and hotels?

You cannot transfer your Chase Ink Business Unlimited rewards directly to Chase airline and hotel partners.

Does the Chase Chase Ink Business Unlimited credit card have an annual fee?

No annual fee is required for Chase Ink Business Unlimited.

What is the credit limit for Chase Ink Business Unlimited?

The minimum credit limit for Chase Ink Business Unlimited is $ 3,000, but you may be approved for a higher limit based on the information in your application.


Leave A Reply

Your email address will not be published.