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As markets tighten up, many people and small businesses are in a ‘wait and watch mode’. Given the restrictions placed on movement and travel in general, many people are suddenly not seeing as much value in their premium credit cards. They carry a very high annual fee and in the current scenario, one cannot use many of the benefits. However, credit card strategy always keeps changing, based on the market conditions and your travel goals. If you’re now shifting into points earning mode for your small business, then Chase’s Ink Business Unlimited card may just be the right card for you.
Ink Business Unlimited Card by Chase
Following are some of the key features that make it a really good option to keep in your wallet long term.
1. 50,000 ULTIMATE REWARDS POINTS
Chase advertises this sign-up bonus as a $500 cash back bonus. However, you’ll get this bonus in the form of 50,000 Chase Ultimate Rewards points. If you have a card that earns Ultimate Rewards, you can use the bonus as 50,000 Ultimate Rewards points bonus.
Simply put, if you have the Chase Ink Preferred, Chase Sapphire Reserve or the Chase Sapphire Preferred Card, you’ll earn 50,000 Ultimate Rewards points which can also be transferred to Chase’s Airline and Hotel partners.
Currently, you’ll earn 50,000 Ultimate Rewards points after you spend $3,000 on purchases in the first three months after you open the account.
2. $0 ANNUAL FEE
You don’t have to worry about a retention bonus or think about canceling the card. This card has no annual fee and you can hold on to it long term at no extra cost.
3. SIMPLE EARNING CATEGORIES
This card earns you a simple 1.5% cash back or 1.5x Ultimate Rewards point per dollar spent. Unlike the Blue Business Plus credit card by American Express, there’s no cap on earning the 1.5x bonus.
4. 0% INTRO APR
A lot of businesses find lower intro APRs quite valuable, especially in their earlier stages. Currently, you can avail of an intro 0% APR for the first 12 months after you get the card.
5. NO FEE EMPLOYEE CARDS
You can add employee cards to your account at no additional cost.
6. ADDITIONAL BENEFITS
The Ink Business Unlimited card also offers additional protections and benefits like fraud protection, travel emergency services, extended warranty protection, purchase protection and auto rental collision damage waiver.
7. REDEMPTION OPTIONS
This is where you can truly maximize the value of the points that you earn with this card. If you have the Chase Ink Preferred, Chase Sapphire Reserve or the Chase Sapphire Preferred, you can simply transfer points to the Ultimate Rewards earning card from the Ink Business Limited. This will open all the redemption options for you.
You’ll get a flat 1.25 cents per point when you redeem for travel on Chase.com with the Ink Business Preferred and the Chase Sapphire Preferred. You’ll get 1.5 cents per point when you redeem for travel on Chase.com with the Chase Sapphire Reserve.
Also, you can transfer those points to Chase’s Airline and Hotel partners at a 1:1 ratio:
- Singapore Airlines
- United Airlines
- Southwest Airlines
- British Airways/Iberia/Air Lingus
- Air France/KLM
- Virgin Atlantic
THE PUNDIT’S MANTRA
Before you apply, please note that this card (like almost all other Chase cards) is subject to Chase’s 5/24 rule. However, since this is a small business card, getting approved for it will not add to your existing 5/24 tally.
If you’re not eligible for a business card, you can apply for the personal variant of this card, the Chase Freedom Unlimited Card, where you can also earn 1.5% cash back or 1.5 Ultimate Rewards points per dollar spent. With this card, you’ll earn a welcome bonus of 20,000 Ultimate Rewards points or $200. The card has no annual fee and offers a 0% intro APR on purchases and balance transfers for the first 15 months.
|Apply Now||Sign-up Bonus|
|Chase Freedom Unlimited||20,000 Ultimate Rewards Points/$200 Cash Back + 0% APR for the first 15 months|
|Chase Ink Business Unlimited||50,000 Ultimate Rewards Points/$500 Cash Back + 0% APR for the first 12 months|
Which is your favorite no-annual fee Chase credit card? Let us know in the comments section.
This card is currently offering a 25,000 points welcome bonus with $0 in annual fees for the first year!