The Ink Business Unlimited® Credit Card is an excellent choice for small business owners looking for a straightforward rewards program with no annual fee. It offers a flat 1.5% cash back on every purchase, providing simplicity and consistency. What truly sets it apart is the ability to convert cash-back rewards into Chase Ultimate Rewards® points when paired with other eligible Chase cards, allowing for even greater value, especially for business owners aiming to maximize travel rewards.
With its generous welcome offer and easy-to-understand rewards structure, the Ink Business Unlimited is a reliable option for entrepreneurs and freelancers alike.
Why the Ink Business Unlimited Card Shines for Small Businesses
At AmazingMiles, we believe the Ink Business Unlimited® is a perfect fit for small businesses because it seamlessly combines simplicity and flexibility. With no need to track bonus categories or worry about rotating rewards, you earn 1.5% cash back on every purchase—no exceptions. Plus, the absence of an annual fee makes it easy to keep the card without the burden of additional costs.
Here’s why the card is worth considering:
- 1.5% cash back on all purchases: A flat rate that applies to every transaction, simplifying the rewards process.
- No annual fee: Keep the card without the worry of yearly charges.
- Access to Ultimate Rewards: Combine your cash-back rewards with other Chase cards like the Chase Sapphire Preferred® to unlock even more value for travel.
Exclusive Welcome Offer
The Ink Business Unlimited® Credit Card currently boasts a lucrative welcome bonus: Earn $900 cash back after spending $6,000 in the first three months. According to AmazingMiles’ research, this is the highest offer we’ve seen on this card, making it a prime time to apply. If you prefer to maximize your rewards, that $900 can be converted into 90,000 Chase Ultimate Rewards® points, which can be worth significantly more when redeemed for travel.
For instance, as per AmazingMiles’ September 2024 valuations, those 90,000 points could be worth up to $1,845 when transferred to Chase’s travel partners or used for bookings through the Chase travel portal.
Key Benefits of the Ink Business Unlimited
While the Ink Business Unlimited® doesn’t boast the premium perks of the Chase Ink Business Preferred®, it still offers a solid range of benefits—particularly impressive considering there’s no annual fee. Here are some of the standout features:
- Purchase Protection: Covers new purchases against damage or theft for 120 days, up to $10,000 per claim and $50,000 per account.
- Auto Rental Collision Damage Waiver: Offers primary insurance on rental cars used for business purposes, covering theft or damage.
- Extended Warranty: Adds an additional year of coverage to eligible U.S. purchases with a warranty of three years or less.
- Free Employee Cards: Add employee cards at no extra cost, with the ability to set spending limits.
These benefits not only provide peace of mind but also help small business owners save money on essential business-related expenses and travel.
Earning Rewards with the Ink Business Unlimited
One of the main selling points of the Ink Business Unlimited® is its 1.5% cash back on every purchase. Unlike other business credit cards that may offer higher rewards in specific categories, the Ink Business Unlimited provides a reliable return across the board. No need to track or manage bonus categories—making it an ideal option for businesses with diverse spending needs.
If your business frequently spends on office supplies, travel, or other categories, consider pairing this card with the Chase Ink Business Preferred® or Chase Sapphire Reserve® to earn higher rewards in select categories and combine your points for even greater value.
How to Redeem Rewards
Redeeming rewards with the Ink Business Unlimited® is straightforward. You can choose from several redemption options:
- Statement credits or electronic deposits into a U.S. bank account.
- Gift cards through Chase’s rewards portal.
- Travel bookings via Chase Travel℠.
Each point is worth 1 cent when redeemed for cash, gift cards, or travel. However, pairing this card with a Chase Sapphire Preferred® or Chase Sapphire Reserve® allows you to transfer points to Chase’s airline and hotel partners, significantly boosting their value. AmazingMiles has found that transferring points to high-value partners like Singapore Airlines or Hyatt can yield over 2 cents per point in some cases.
For example, transferring 97,000 points to Singapore Airlines KrisFlyer could book a one-way first-class flight from New York’s JFK to Frankfurt, a ticket often costing over $5,000—translating to nearly 6 cents per point in value.
Competitors to the Ink Business Unlimited
If you’re considering the Ink Business Unlimited, it’s worth comparing it to other business credit cards that offer flat-rate rewards. Here’s how it stacks up against competitors:
- Capital One Spark Miles for Business: Earn 2 miles per dollar on all purchases. The annual fee is $0 for the first year, then $95.
- Capital One Spark Cash Select for Excellent Credit: Earn 1.5% cash back on all purchases with no annual fee.
- Blue Business® Plus Credit Card from American Express: Earn 2 points per dollar on the first $50,000 in purchases per year, with no annual fee.
While these cards each have their strengths, the Ink Business Unlimited stands out for its simplicity and the ability to transfer cash-back rewards into Chase Ultimate Rewards, providing more flexibility and value.
Final Thoughts from AmazingMiles
The Ink Business Unlimited® Credit Card is an outstanding option for small business owners seeking a straightforward, no-annual-fee card that offers reliable rewards. The card’s generous $900 cash back welcome offer, combined with valuable benefits such as purchase protection and auto rental insurance, makes it a compelling choice for businesses with diverse spending patterns.
While it may not feature bonus categories, pairing it with a premium Chase Ultimate Rewards card can significantly enhance the value of its rewards, particularly for travel. For business owners looking for a hassle-free rewards structure without the need to track specific spending categories, the Ink Business Unlimited® is a highly recommended option.
