Review: Chase Ink Business Unlimited Card

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A few weeks ago we saw Chase introduce the new Ink Business UnlimitedSM Credit Card, which is a compelling new no annual fee card that’s rewarding for everyday spend, has a great welcome bonus, and also offers useful perks. In this post I wanted to write a full review of the card, as it’s a useful place for me to refer people who ask about it.

Let’s take a closer look at the welcome bonus, annual fee, return on spend, and perks, of this awesome card:

Ink Unlimited Card welcome bonus & eligibility

The new Ink Business UnlimitedSM Credit Card is offering a welcome bonus of 50,000 points after spending $3,000 on purchases within the first three months. I’ll talk more about how these points can be redeemed a bit later, but let me note that I generally value them at about 1.7 cents each.

That means I value the welcome bonus on this card at $850. Welcome bonuses on no annual fee cards don’t get much better than that.

This card is subjected to the 5/24 rule, meaning that you typically won’t be approved for this card if you’ve opened five or more new card accounts in the past 24 months.

Having any other type of Chase card won’t make you ineligible for this card, so you can be approved for this card even if you have the Ink Business Preferred℠ Credit Card and/or Ink Business Cash℠ Credit Cardfor example (my dad just recently picked up this card, and now has all three).

Ink Unlimited Card annual fee

The Ink Business UnlimitedSM Credit Card has no annual fee.

Ink Unlimited Card points earning opportunities

While the other versions of the Ink Cards have complicated (and lucrative) category bonuses, the Ink Business UnlimitedSM Credit Card offers a very simple return on spend. Specifically, the card offers 1.5x points per dollar spent, with no limit to how many points you can earn. This is the best return on spend offered by any Ink Card for non-bonused spend.

If you’re maximizing these points correctly I value them at 1.7 cents each, so that’s like a 2.55% return on all spend, which is fantastic.

Maximizing points on the Ink Unlimited Card

I’ve been vague about the points earned on the Ink Business UnlimitedSM Credit Card up until now. That’s because this is generally a cash back card, where each point gets you one cent that you can apply towards all kinds of things. That means that on the surface, 1.5x points is equivalent to a return on spend of 1.5%, which isn’t that great.

This is where there’s a trick that can greatly increase the value of your Ink Unlimited points. If you have this card in conjunction with another card that earns “premium” Ultimate Rewards points, then you can do significantly better. These cards include the following:

If you have the Ink Unlimited in conjunction with one of those cards, suddenly your points are much more valuable. At a minimum:

That increases the value of your points by 25-50% right there, and you can potentially get even more value out of your points by transferring them to one of the Ultimate Rewards airline or hotel partners (which is my preferred redemption, and where I get the valuation of 1.7 cents per point). This includes the following partners:

AirlinesHotels
Aer Lingus Aer ClubIHG Rewards Club
Air France KLM Flying BlueMarriott Rewards
British Airways Executive ClubRitz-Carlton Rewards
Iberia PlusWorld Of Hyatt
Korean Air SkyPass
Singapore KrisFlyer
Southwest Airlines Rapid Rewards
United MileagePlus
Virgin Atlantic Flying Club

Transferring points between cards is easy and can be done online. You can learn more about that process in this post.


Redeem your Ultimate Rewards points for travel in Singapore’s A380 business class

Ink Unlimited Card benefits

Not only does this card offer a great return on everyday spend, but it also comes with quite a few perks that you wouldn’t expect for a no annual fee card:

Ink Unlimited Auto Rental Collision Damage Waiver

Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.

Car-Rental-Accident

Ink Unlimited Purchase Protection

Covers your new purchases for up to 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

Ink Unlimited Extended Warranty Protection

Extends the time period of U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.

Ink Unlimited Card best complement

In many ways the best complements to the Ink Business UnlimitedSM Credit Card are the other two other Ink Cards. This may come as a surprise to some, since typically cards of the same “family” are considered substitutes rather than complements.

While the Ink Unlimited offers the best return on everday, non-bonused spend, the two other Ink Cards have excellent bonus categories.

The Ink Business Cash℠ Credit Card (review here) also has no annual fee, and offers the following:

  • 5x points on the first $25,000 of combined purchases per cardmember year on office supply stores, internet, cable TV, mobile phones, and landlines
  • 2x points on the first $25,000 of combined purchases per cardmember year on restaurants and gas stations

Meanwhile the Ink Business Preferred℠ Credit Card (review here) has a $95 annual fee and offers 3x points on the first $150,000 spent each cardmember year on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engines. Having the Ink Preferred also increases the value of your points (as described above), and the card also has perks like an unparalleled cell phone protection benefit.

If you want to go a different direction, you could get either the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® Card as a complement. These are personal cards, but the key is that having one of them increases the value of your Ink Unlimited points.

Ink Unlimited Card best substitute

If you’re looking for another business card that offers a generous return on everday spend, then there are a few options to consider.

One excellent option is The Blue Business℠ Plus Credit Card from American Express, which has no annual fee and offers 2x Membership Rewards points on the first $50,000 spent annually.

Alternatively, another business card with a good return on non-bonused spend is the Capital One® Spark® Cash for Business, which offers unlimited 2% cash back. While the card has a $95 annual fee (waived the first year), it does offer a welcome bonus of $500 cash after spending $4,500 on purchases within the first three months from account opening.

Bottom line

The new Ink Business UnlimitedSM Credit Card is an excellent addition to the Ink portfolio. If you’re using the card correctly, it offers one of the best returns on non-bonused spend for any business card. When you factor in the welcome bonus, the return on spend, and the good perks, I think this card is worth serious consideration.

Chase is really killing it lately with their card portfolio, in my opinion.

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Comments

  1. @lucky is this offer targeted? I clicked a couple different links and only got a $500 cash back bonus after $3K spend in first three months. Tried different browsers, too, to no avail.

    Also used CardMatch.com and the card didn’t show at all.

  2. @Don That is the offer lucky is talking about. Chase says it is $500 (50,000 UR points) but with a more premium card you unlock more options for your points and up the value. Just for example, if you have a Chase Sapphire Reserve, you can book travel at 1.5 cents/point.

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