Underrated Reasons Why You Need an Ink Business Unlimited Credit Card

Christie OlsenSeptember 21, 2020
On a similar note...
On a similar note...

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The Ink Business Unlimited℠ Credit Card is a recent addition to the Ink Business Card portfolio and can help you leverage the purchasing power of your small business. This card is ideal for small business owners and allows you to earn Chase Ultimate Rewards® points for your everyday business spending with a plethora of perks.

The well-known reasons

First, let’s take a quick look at some of the more well-known benefits of the card:

  • Welcome bonus: Cardholders will currently receive a substantial welcome bonus: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. Your bonus can also be taken in the form of Chase Ultimate Rewards® points.

  • No annual fee: That’s right, business owners won't pay an annual fee while holding the Ink Business Unlimited℠ Credit Card.

  • Introductory APR: 0% intro APR on Purchases for 12 months, and then the ongoing APR of 13.24% - 19.24% Variable APR. The 0% intro rate is ideal for large business purchases that you want to pay off over several months.

Underrated reasons

Simple reward benefits

Unlike other business credit cards, which only allow you to accumulate points on certain purchases, this card rewards business owners on every purchase, with no special categories and no minimum balance to redeem rewards. They currently offer 1.5% cash back on all purchases, and with no spending cap, there’s no limit to the number of rewards you can earn.

It is also important to note that the cash back earned is then translated into points in your Chase account at a rate of $1 = 100 points.

Employee cards at no additional cost

This business credit card offers free employee cards, which will reduce the need for reimbursements and allow you to earn valuable Chase Ultimate Rewards® points while keeping track of employee spending. You also have the option to view quarterly and annual spending reports to help you manage your business expenses.

An abundance of protection

For entrepreneurs seeking peace of mind, this card offers a variety of protection to cardholders including:

  • Zero liability protection: If unauthorized charges appear on your account, you won't be responsible for them.

  • Fraud protection: Your account is safeguarded with real-time fraud monitoring. If Chase suspects unusual activity on your account, they will notify you.

  • Auto rental collision damage waiver: This allows you to decline the rental company’s collision insurance when you charge the entire rental to your card. The coverage is primary when you rent for business purposes.

  • Purchase protection: Chase will cover your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

  • Extended warranty protection: This option allows business owners to extend the time period of the U.S. manufacturer’s warranty on purchases for an additional year on eligible warranties of three years or less.

Referral bonus

Earn up to $750 cash back per year when you refer to other businesses. For each business that's approved for the card, you’ll receive $150 cash back for up to five referrals.

The bottom line

For a small business, the Ink Business Unlimited℠ Credit Card is hard to beat for the combination of perks you’ll receive. If you’re thinking about applying for this card, keep in mind that it likely falls under Chase’s unofficial 5/24 rule, which means that if you’ve opened five or more credit card accounts (from any issuer) in the past two years you might not be approved, regardless of your credit score.

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