With dozens of different travel rewards cards to choose from, it's not enough for a savvy points collector to just look for the biggest sign-up bonuses or the highest bonus spending categories.
If you really want to maximize your point collecting, then you need to understand which cards best match your spending habits. We took a deep dive into the benefits, perks and costs of the Ink Business Unlimited® Credit Card to determine who most needs to have this card… and who should avoid it.
If you are a new business owner
The Ink Business Unlimited® Credit Card has one very powerful perk that sets it apart from many other business cards: 0% intro APR on Purchases for 12 months, and then the ongoing APR of 13.24% - 19.24% Variable APR. This means that you won’t have to make any interest payments on your credit card balance for an entire year from the date you’re first approved for the card.
Because starting up a new business often requires making heavy upfront investments before you can become profitable, the ability to buy equipment or pay for services without having your bank account drained by costly interest payments is highly valuable.
However, it's important to keep in mind that you still will be responsible for making minimum payments on your balance and that you will be charged interest for any balance that remains on your Ink Business Unlimited® Credit Card after the first year.
If you don’t benefit from bonus spending
Spending bonuses are a popular perk on many travel rewards cards and typically fall into a few familiar categories such as dining out, travel expenses and groceries. All other spending will usually only earn you 1 point per dollar.
Unfortunately, if the majority of your spending tends to fall outside of these categories, you’ll miss out on some lucrative point gathering opportunities.
The Ink Business Unlimited® Credit Card solves this problem by eliminating spending bonuses entirely and instead offers you 1.5 points on every dollar you spend regardless of category.
If you’re a big spender
The Ink Business Cash® Credit Card and Ink Business Preferred® Credit Card are both good cards, but they share one serious drawback: They cap the amount of bonus reward points you can earn. For many people this may not matter, but if you’re stacking up big bills while running your business, the last thing you want to see is your points earning take a sudden dip once you hit your limit.
The Ink Business Unlimited® Credit Card however lives up to its name and has no spending cap on your bonus earning. That means that no matter how many charges you make, you’ll keep getting 1.5 points for every dollar you spend.
If you don’t like credit card fees
In the last year we’ve seen the costs of top-tier travel rewards cards creep ever higher. The Chase Sapphire Reserve® now has an annual fee of $550. The Business Platinum Card® from American Express goes even higher with an annual fee of $595. Terms apply.
For those holding high-fee cards, it can sometimes feel like you’re in a race to earn enough points to justify the cost of the card.
But this isn’t a problem if you have the Ink Business Unlimited® Credit Card. This card charges no annual fee and still offers a hefty sign-up bonus of: Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
Who shouldn’t get this card
While the Ink Business Unlimited® Credit Card is a great choice for many points collectors, it doesn’t make sense for everyone.
For example, if cable, internet and phone services are heavy spending categories for you, then the Ink Business Cash® Credit Card might be a better fit. The Ink Business Cash® Credit Card will give you 5% back on those bills for the first $25,000 you spend on them every year.
The Business Platinum Card® from American Express could make more sense for you if you travel heavily for work. This card offers 5 points for every dollar you spend on flights and prepaid hotels. Terms apply.
The bottom line
While it can be tempting to apply for every travel rewards card that you get an offer for, a smarter strategy is to identify the cards that work best based on your spending habits.
Use this guide to help you understand whether the Ink Business Unlimited® Credit Card makes sense for you.
To view rates and fees of The Business Platinum Card® from American Express, see this page.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2021, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card
Planning a trip? Check out these articles for more inspiration and advice: Find the best travel credit card for you Chase's 5/24 rule explained Things to do when you get the Chase Ink Business Unlimited credit card