Ink Business Unlimited Credit Card — Full Review [2020]

Full Disclosure: We may receive financial compensation when you click on links and are approved for credit card products from our advertising partners. Opinions and product recommendations on this site are ours alone, and have not been influenced, reviewed or approved by the issuer. Please see our Advertiser Disclosure for more details!

Ink Business Unlimited Credit Card — Full Review [2020]

U.P. Rating ? The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

"Unlimited 1.5% Cash Back for Business Owners"

The Ink Business Unlimited card offers an uncapped 1.5% cash-back on all purchases without an annual fee. The card is a stellar option for business owners looking for a no-fuss cash-back card.

Apply Now (at Chase's secure site)

As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.

If so, the Ink Business Unlimited® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the Ink Business Unlimited card is a no-frills option that you don’t have to think twice about.

Read on to see if this card is a good fit for you and your business.

Pros

  • 1.5% cash-back on all purchases
  • No annual fee
  • Earn flexible rewards
  • Employee cards at no additional cost

Cons

  • 3% foreign transaction fee

Ink Business Unlimited - Card Snapshot

The Ideal Cardholder

Business owner working
Keep things simple with your Ink Business Unlimited card. Image Credit: Halfpoint via Shutterstock

The Ink Business Unlimited card is perfect for business owners who want a simple earning structure and are not interested in paying a credit card annual fee. With 1.5% cash-back on all purchases — regardless of the category — with no caps and no annual fee, business owners looking for simplicity will love the card.

Hot Tip: Small business credit cards are not limited to business owners with a physical business location or even an LLC. If your business operates online-only, or if you provide freelance services, resell products, or anything in between, you could be eligible to apply for the card.

Great Card if

  • You want a simple rewards structure
  • You want to earn flexible points
  • You want a no annual fee card

Don't Get if

  • You want a card that offers travel benefits and perks
  • You do a lot of international business and need a card without foreign transaction fees
  • You want a card that offers more bonus categories

Ink Business Unlimited - Card Fees

  • Annual Fee
    • $0
  • Foreign Transaction Fees
    3% of each transaction in U.S. dollars
  • Interest Rates
    • 0% Intro APR on purchases for 12 months
    • 13.24% to 19.24% variable
  • Late fees
    • $39
    • Penalty APR: Up to 29.99%
  • Balance Transfers
    • 13.24% to 19.24% variable
    • Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR
    • 24.99% variable
    • Fee: Either $15 or 5% of the amount of each transaction, whichever is greater

How to Earn More Chase Points

Business Owner Amex Business Platinum vs Amex Business Gold
Cash-back earned on your business expenses can add up with the Ink Business Unlimited card. Image Credit: Dragon Images via Shutterstock

Business Expenses

The best way to maximize your point earnings with the card is to use it for any and all business expenses you may have. This is because the Ink Business Unlimited card earns an uncapped 1.5% back on every purchase you make. There is never a need to worry about bonus categories, and the best way to rack up the points is to use your card as often as you need to.

Chase Shopping Portal

If you have business purchases that can be made online, consider going through the Chase shopping portal. Chase partners with dozens of merchants like Apple, Nike, and Samsung, and can offer anywhere from an extra 2x to 20x points per $1 spent.

Lyft Rides

Chase and Lyft have created a partnership that allows select Chase credit cards to earn additional bonus points on Lyft purchases. So, when you use your Ink Business Unlimited card to pay for your Lyft rides, you’ll earn 5% back/5x Ultimate Rewards points per $1 spent.

Refer-a-Friend Bonus

Select Chase credit cardholders are given the opportunity to refer their friends, family, or other business owners to apply for a Chase credit card and are rewarded when they do so.

So if you think the Ink Business Unlimited card might be a great fit for someone you know, you can receive up to 50,000 additional Ultimate Rewards points each year for referrals — 10,000 points per referral.

Referrals can be sent via email, social media, or by sending a direct link to the person you’re planning to refer.

Adding Additional Ultimate Rewards-Earning Cards

One of the best things about the Ink Business Unlimited card — its simple earning structure — could also be a bit of a downside for those who are looking to maximize their spending on the select categories they spend the most on.

However, by combining your Ink Business Unlimited card with another Ultimate Rewards-earning card, you can create a powerful points-earning combo that checks all the boxes.

For example, you could also hold the Ink Business Preferred® Credit Card that earns 3x Ultimate Rewards points per $1 spent on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, and advertising purchases with social media sites and search engines.

In this case, an optimal strategy would be to use the Ink Business Preferred card to earn 3x on all purchases falling within its bonus categories, and to use the Ink Business Unlimited card to earn 1.5% back on all other purchases.

Bottom Line: Pairing together credit cards that complement each other’s bonus categories and rewards ecosystems is a great way to maximize every dollar your business spends. 

How to Use Chase Points for Max Value

Malaysia Airlines business class
You can use your Ultimate Rewards points to offset business travel expenses. Image Credit: Malaysia Airlines

Due to the flexible nature of Chase Ultimate Rewards points, you’re going to have plenty of redemption options. But which redemption options present you with the best value for your points?

Cash-Back

With the Ink Business Unlimited card being primarily a cash-back credit card, naturally, the most straightforward way of redeeming your points is for cash-back. This redemption method gives you a value of 1 cent per point.

You can receive your cash-back as a statement credit to offset purchases you’ve made with your card, or receive it as a deposit into a Chase business checking account that you have linked with your card account.

Gift Cards

Chase allows you to redeem your points for gift cards with over 150 different merchants at a rate of 1 cent per point — so a $100 Nike gift card would cost 10,000 points.

In this case, you really should just opt for cash-back instead. This way, you won’t tie your points to only be used with a specific merchant.

Shop With Points on Apple and Amazon

If your Ink Business Unlimited card is linked as a payment method on your Apple and/or Amazon account, you will have the option to use your points as the method of payment, instead of putting the charge on your card.

Again, your points are worth a fixed 1 cent per point with this method, so it doesn’t really make sense to redeem them this way unless you were planning to offset the purchase you’re making with a statement credit anyway.

Chase Experience Portal

Chase cardholders can use their points to book unique experiences through the Chase Experiences Portal, like courtside seats to a sporting event or backstage passes to a concert.

While these experiences are only available to Chase cardholders, it is generally better just book them with cash, since using your points will only earn you 1 cent per point in value.

Chase Travel Portal

With the Chase Ultimate Rewards travel portal, you can use your points to offset travel purchases on flights, hotels, rental cars, cruises, etc., at a rate of 1 cent per point.

Transfer to Airline and Hotel Partners (via a Premium Ultimate Rewards Card)

Those that hold a premium Ultimate Rewards credit card can combine the points earned from their Ink Business Unlimited card and transfer them to one of the Chase airline and hotel transfer partners.

The following cards provide access to Chase transfer partners:

This is by far our favorite way to redeem Chase Ultimate Rewards points as it allows you to get incredible value out of your points when redeeming them for first or business class flights or 5-star hotel stays.

Bottom Line: If you want to get the best value possible out of your Ultimate Rewards points, we highly recommend utilizing the Chase transfer partners. Otherwise, your next best option is to just take cold, hard cash-back. 

Alternative Cards to the Ink Business Unlimited Card

Blue Business Cash™ Card from American Express

The Amex Blue Business Cash card beats out the Ink Business Unlimited card in terms of cash-back rate by offering 2% cash-back compared to 1.5% cash-back.

However, the Amex Blue Business Cash card 2% rate is limited to $50,000 in purchases each year, whereas the Ink Business Unlimited card is uncapped.

Capital One® Spark® Cash for Business

The CapOne Spark Cash card also offers 2% cash-back on all purchases with no limits on the amount of cash-back you can earn. The card does charge a $95 annual fee, though, and you’re limited to cash-back redemptions, unlike cards that earn flexible rewards.


Frequently asked questions

Is the Ink Business Unlimited card a good card?

Yes, the Ink Business Unlimited card is a great card for anyone who wants a cash-back business credit card with no annual fee and a flexible rewards structure.

Does the Ink Business Unlimited card charge an annual fee?

No, the Ink Business Unlimited card does not charge cardholders an annual fee.

Does the Chase 5/24 rule apply to the Ink Business Unlimited card?

Yes, the Ink Business Unlimited card is subject to Chase’s 5/24 rule, so you will not be approved for the card if you’ve opened 5 or more new credit card accounts in the last 24 months.

Is the Ink Business Unlimited card a cash-back card?

While the Ink Business Unlimited card is technically a cash-back card, your rewards are earned in the form of Chase Ultimate Rewards points. Ultimate Rewards points can be redeemed in a number of ways, like towards travel purchases, gifts cards, and of course cash-back.

Does the Ink Business Unlimited card have travel transfer partners?

No, the only way that you will be able to access Chase travel transfer partners is through the Ink Business Preferred card, the Chase Sapphire Reserve card, or the Chase Sapphire Preferred card.

What are the approval odds of the Ink Business Unlimited card?

While there are no set approval odds for the Ink Business Unlimited card, the odds of your application being improved will increase if your business has high revenue, you’ve been in business for multiple years, you have a high credit score, and you’re under the Chase 5/24 limit.

If your business is relatively new and you don’t have much revenue yet, you can still be approved for the Ink Business Unlimited card if you have a strong credit score and are under the Chase 5/24 limit.

On the other hand, if you currently have a low credit score, or have opened more than 5 new credit cards in the last 24 months, then it is very unlikely that you will be approved for the Ink Business Unlimited card.

What is the credit limit of the Ink Business Unlimited card?

If your application is approved for the Ink Business Unlimited credit card, the smallest credit limit that you can be approved for is $3,000. With that said, your credit limit could end up being much higher based on your business’s annual revenue, your credit score, and other credit factors like your repayment history.

If Chase has already extended a large amount of credit to you, relative to your income, across any other business and/or personal credit cards, they might take that into account when deciding on your new credit limit.

Which is better between the Ink Business Unlimited card vs the Ink Business Cash card?

Neither card is really categorically better than the other. But one card might be a much better fit for your situation based on your business needs.

Both cards are nearly identical when it comes to their $0 annual fee, redemption options, purchase protections, and business benefits.

What really separates the 2 is their respective earning categories: the Ink Business Cash card earns 5% back at office supply stores and on internet, cable, and phone services, plus 2% back at restaurants and gas stations, and the Ink Business Unlimited card earns a flat 1.5% back on all purchases — regardless of what category they fall in.

So if your business spends a lot of money at office supply stores, on internet, phone, and cable services, or even gas and restaurants, then the Ink Business Cash card would probably be a better fit. If your business expenses are more diverse and not concentrated in any particular category, then you should probably opt for the Ink Business Unlimited card.

For more information, read our in-depth comparison post on the Ink Business Cash card vs the Ink Business Unlimited card.

Jarrod West

About Jarrod West

Born and raised just outside of Cincinnati, Jarrod became fascinated with using points and miles as the perfect way to visit dream destinations without breaking the bank. Thanks to points and miles, Jarrod was able to spend 3 months traveling Europe financed nearly entirely with points and miles; while flying in premium cabins and staying in 5-star hotels along the way. To date, Jarrod has traveled to 16 countries and 22 US states.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

Any thoughts or questions? Comment below!

Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. This site does not include all credit card companies or all available credit card offers that are on the market. Click here to see a list of advertisers that we work with.