Chase Ink Business Unlimited Review: When Simplicity Is Key

This card earns a flat 1.5% back on everything, with no categories to keep track of and an unusually generous sign-up bonus for its class.
May 9, 2022

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Our Take

5.0

NerdWallet rating 
The bottom line:

This card is ideal for small-business owners seeking streamlined rewards. But other cards, even other Chase cards, can offer more value if you're OK with monitoring bonus categories.

Jump to: Full Review
Ink Business Unlimited℠ Credit Card
Annual fee
$0
Regular APR
13.49%-19.49% Variable APR
Intro APR
0% intro APR on Purchases for 12 months
Rec. credit score
690-850 (Good - Excellent)
Apply now

on Chase's website

Quick Facts

Pros & Cons

Pros

  • No annual fee

  • Intro APR period

  • No reward caps

  • New cardholder bonus offer

Cons

  • No bonus categories

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$95

Annual fee

$0

Regular APR

13.49%-19.49% Variable APR

Regular APR

16.24%-21.24% Variable APR

Regular APR

13.99%-21.99% Variable APR

Intro APR

0% intro APR on Purchases for 12 months

Intro APR

N/A

Intro APR

0% intro APR on purchases for 12 months from the date of account opening

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score
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Full Review

For entrepreneurs who would rather worry about their business than their credit card rewards program, the Ink Business Unlimited® Credit Card from Chase keeps it simple.

The card has an annual fee of $0 and offers an unlimited 1.5% cash back on all purchases. And a hefty sign-up bonus doesn’t hurt: Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.

But business owners willing to put some effort into learning a rewards program might find greater rewards value elsewhere, even within Chase’s own lineup of small-business credit cards.

Ink Business Unlimited® Credit Card: Basics and benefits

Card type: Small business.

Notable sign-up bonus

Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. That's a big cash bonus for a card with an annual fee of $0.

Easy-to-understand rewards

No spending categories to remember, just a flat rate of 1.5 points per dollar spent. Rewards come in the form of Chase Ultimate Rewards® points, worth 1 cent each when redeemed as cash back. You can get that cash back in the form of a statement credit or a direct deposit into most U.S. checking and savings accounts. Points can also be redeemed for:

  • Gift cards (1 cent per point).

  • Travel booked through Chase Ultimate Rewards®  (1 cent per point).

  • Amazon purchases (0.8 cents per point).

It’s also possible to move your rewards to other Chase accounts that earn Chase Ultimate Rewards® points, potentially getting more value for travel. More on that next.

Ability to pair with higher-tier Chase cards for travel rewards

Typically, Chase Ultimate Rewards® points are worth around 1 cent each. But three different Chase cards — the Ink Business Preferred® Credit Card, along with consumer cards Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® — offer boosts to that point value if you use your points to book travel through Chase. With the Ink Business Preferred® Credit Card and the Chase Sapphire Preferred® Card, points are worth 1.25 cents each when redeemed for travel this way. With the Chase Sapphire Reserve®, they're worth 1.5 cents each when redeemed this way.

The Ink Business Unlimited® Credit Card isn't eligible for these more-valuable travel redemptions — but if you also have any of those other three special cards, you can transfer points to that card from your Ink Business Unlimited® Credit Card. If you do this, and then redeem for travel, your effective rewards rate gets even better.

Points on those three special cards can also be transferred at a 1:1 ratio to other loyalty programs, such as United Airlines, British Airways or Marriott. Potentially, that could net you an even higher effective rewards rate.

An introductory 0% APR period

The APR on this card is 0% intro APR on Purchases for 12 months, and then the ongoing APR of 13.49%-19.49% Variable APR. This makes it a good option for an entrepreneur wanting to start or grow a business by making purchases without the cash on hand.

Drawbacks and potential alternatives

Mediocre flat rewards rate

A cash-back rewards rate of 1.5% on everything is simple, but not especially lucrative, even among flat-rate cards.

No spending categories

If you have higher spending in certain categories, such as travel or office supplies, you might be better off with a card that offers a higher rewards rate on those spending categories. For example, elsewhere in the Chase lineup is the Ink Business Cash® Credit Card, which offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on Internet, cable and phone services each year. Plus, it earns 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants annually, in addition to an unlimited 1% cash back on all other card purchases. It is comparable because it not only comes from Chase but also has an annual fee of $0.

Foreign transaction fees

If you're traveling internationally, the 3% foreign transaction fees on the Ink Business Unlimited® Credit Card will hurt.

Should I get the Ink Business Unlimited® Credit Card?

The simplicity of the Ink Business Unlimited® Credit Card could be a fit for entrepreneurs who don’t want to deal with cumbersome bonus category terms. And its generous sign-up bonus and introductory 0% APR period on purchases are a boon for those planning to make a major purchase and pay it down over time. But if you’re looking for lucrative rewards, you can do better, maybe even in Chase’s own lineup of small-business credit cards.

on Chase's website

Methodology

NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.

Frequently asked questions
Should I get this card or the Chase Ink Cash?

It depends on how you spend and how you want to earn rewards. The Ink Business Cash® Credit Card offers 5% cash back on office supplies and telecom services and 2% at restaurants and gas stations, up to a limit; other spending earns 1%. The Ink Business Unlimited® Credit Card earns 1.5% cash back on all spending. Neither has an annual fee, and their sign-up bonuses are comparable.

What are the rewards on the Chase Ink Unlimited credit card?

The Ink Business Unlimited® Credit Card earns an unlimited 1.5% cash back on every purchase.

What credit score do you need for the Chase Ink Unlimited?

You’ll need at least good credit to qualify for the Ink Business Unlimited® Credit Card. Generally speaking, “good credit” is defined as a score of at least 690. But a credit score alone isn’t enough to qualify for any credit card. Issuers take into account your income, existing debts and other information.

What is the annual fee on the Chase Ink Unlimited?

The annual fee is $0.

Can I apply for the Chase Ink Unlimited without a business?

Applying for a small-business credit card can make sense for formal businesses or anyone who is self-employed. That includes freelancing, gig work or a side hustle. You don't need to be incorporated or have a formal business structure, like an LLC or partnership. Learn more about who can apply for a business credit card.

Which Chase Ink card is the best choice?

It depends on how you spend money with your business and whether you’re willing to pay an annual fee. The Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card are cash-back cards with no annual fee and different rewards structures. The Ink Business Preferred® Credit Card is more of a travel card. It earns points, has an annual fee of $95 and includes more benefits. See our comparison article.

Is the Chase Ink Unlimited a Visa or Mastercard?

The Ink Business Unlimited® Credit Card is a Visa.