The Ink Business Unlimited® Credit Card is a smart choice for business owners who prefer a straightforward, no-nonsense approach to cash back rewards. Not only is the convenience of flat-rate cash back appealing, but the card’s welcome offer and no annual fee also make it worth serious consideration.
If you’re a business owner interested in earning cash back on purchases, check out Ink Business Unlimited’s offers to see if this business credit card is right for you.
Ink Business Unlimited Rewards Program Benefits
Earn fixed rewards
With Ink Business Unlimited, you get 1.5 percent cash back on all purchases, and while it’s considered a cash back credit card, it technically gives you Chase Ultimate Rewards points for every dollar you spend, so you actually get 1.5 times the points for every dollar you spend.
For example, if you spend $1,000 on your card, you’ll earn 1,500 points ($1,000 x 1.5 points = 1,500 points).
The benefit of this rewards structure is that you don’t have to worry about specific spending categories or earning limits within certain categories. While the cash back potential may not be as high as a business card with bonus categories, the card’s flat cash back program makes it easy to track your earning throughout the year.
Extensive exchange options
Ink Business Unlimited really excels with its redemption options: Cardholders earn Ultimate Rewards points and can redeem them for cash back in the form of statement credits or direct deposits to a U.S. checking or savings account.
Rewards can also be redeemed for travel through Chase, gift cards, eligible products or services through the Chase Ultimate Rewards program, or at participating third-party retailers, such as the Apple Ultimate Rewards Store.
Points are worth a base rate of 1 cent per point when redeeming for cash, gift cards, or travel. Redemption values for other options may vary. So if you use your card to buy $1,000 worth of merchandise, you’ll get 1,500 points. And if you redeem your points for statement credits, they’re worth $15 (1,500 x 1 cent = $15).
But what if you choose a redemption option that gives you less than 1 cent per point? Let’s say you redeem rewards with Amazon or PayPal at 0.8 cents per point. In that case, 1,500 points would only be worth $12 (1,500 x 0.8 cents = $12). To get a better deal, you might consider redeeming your points for cash back, gift cards, or travel.
Another great feature is that there is no minimum amount required to redeem, so you can redeem your rewards whenever you want.
Ink Business Unlimited Introduction Benefits
0% Introductory APR on Purchase
Ink Business Unlimited offers a 0 percent introductory APR on purchases for 12 months. This is a great opportunity to pay off a large purchase over time without paying any additional interest. Note that after the introductory period ends, a variable APR of 18.49 percent to 24.49 percent will go into effect.
Generous welcome offer
You’ll receive a $750 cash back bonus after you spend $6,000 in the first three months after opening your account. While the $2,000 in monthly purchases may be a high threshold compared to other cards, the $750 bonus is one of the more generous welcome offers available.
Ink Business Unlimited Business Benefits
No annual fee
Whether you’re starting your own business or scaling up to grow, there are likely a lot of expenses you’ll have to deal with. Not having to pay an annual fee on a business credit card means one less expense to worry about throughout the year, especially when you consider the perks that come with the card.
Free Employee Cards
Not only do employee cards earn you cash back on purchases, they are also free to have each year. Employees can use them to make their own purchases for work-related expenses and can set spending limits if needed.
Employee Account Alerts
If you set a purchasing limit on an employee’s card, they can sign up to receive account alerts from Chase, which notify them via text if the cardholder reaches their spending limit.
Ink Business Unlimited Protection Benefits
Purchase Protection
When you buy something with this card, it’s covered by Purchase Protection for up to 120 days (up to $10,000 per charge, $50,000 per account), which applies to eligible items that are damaged or stolen.
Extended warranty coverage
You also get an extended warranty (up to one year) for eligible U.S. manufacturer warranties of three years or less.
Ink Business Unlimited Travel Benefits
Rental car basic insurance
If you or your employees need to rent a car for business purposes, Ink Business Unlimited gives you an extra layer of protection. When you purchase a rental car with this card, you get primary rental car insurance. Simply decline the coverage offered by the rental car company and you’ll be covered for theft and collision damage up to the actual cash value of your car.
Street Dispatch
Chase offers 24/7 pay-per-use roadside assistance for your on-the-road needs, including car jump-starts, tire changes, fuel delivery, etc. A roadside service fee will be charged to your credit card each time you use Roadside Dispatch.
Travel and emergency assistance services
If you need emergency assistance while traveling, Chase offers services to help you find assistance for legal or medical emergencies and more.
How to get the most out of Ink Business Unlimited
There are a few ways to make the most of the Ink Business Unlimited card. First, you can enjoy a 0 percent introductory APR on purchases for 12 months (18.49 percent to 24.49 percent variable APR thereafter). Just be sure to pay off the balance before the promotional period ends. That way, you won’t have to pay interest on your purchases.
You can also maximize your cash back potential by using the card for as many business expenses as possible. Use the card for everything from your internet bills to your monthly cleaning services, and you’ll earn cash back on purchases you would have made for your business anyway. For example, if your typical monthly spending is $3,000 ($36,000 per year), a redemption option where each point is worth 1 cent could earn you $540 in cash back by the end of the year. Plus, this monthly spending will earn you a $750 welcome bonus (requires $6,000 in spending within the first three months).
Another way to maximize the benefits of Ink Business Unlimited is to strategically pair it with other cards. Pairing this business card with a bonus card or rotating category cash back card is one strategy, or with a travel card that doesn’t charge foreign transaction fees (this card does charge a 3% foreign transaction fee) if you tend to travel outside the U.S. frequently or make purchases from vendors in foreign currencies.
Conclusion
Every business has its own financial needs, and the Ink Business Unlimited benefits may suit business owners who value redemption flexibility. If ease of use and simplicity are what you look for as a business owner, the earn and redeem options on this card will appeal to you.
Be sure to compare Ink Business Unlimited with other top business credit cards before choosing the right card for your business needs.
