The Ink Business Unlimited® Credit Card is an excellent option for small business owners and entrepreneurs looking for a straightforward, no-annual-fee business credit card that offers solid rewards and valuable benefits. Issued by Chase, this card is designed to simplify expenses while helping you earn rewards on every purchase. Whether you’re a new business owner or have been running a company for years, the Ink Business Unlimited® Credit Card is worth considering if you want to maximize your business spending with minimal effort.
In this article, we’ll explore the key features, benefits, how to apply, and the reasons why this card could be a great fit for your business needs.
Key Features of the Ink Business Unlimited® Credit Card
1. Earn 1.5% Cash Back on Every Purchase
The most significant feature of the Ink Business Unlimited® Credit Card is its unlimited 1.5% cash back on every purchase, with no restrictions on spending categories. This makes the card incredibly simple to use, as there is no need to keep track of rotating categories or specific spending limits. Whether you’re buying office supplies, paying for business travel, or purchasing raw materials, you’ll earn 1.5% cash back on every eligible dollar spent.
2. No Annual Fee
One of the most attractive aspects of the Ink Business Unlimited® Credit Card is that it comes with no annual fee. This makes it a very cost-effective option for business owners who want to earn rewards without having to pay an annual charge. Many other business credit cards can carry hefty annual fees, making the Ink Business Unlimited® a compelling choice for small businesses that want to keep costs low.
3. Sign-Up Bonus
New cardholders can take advantage of an introductory bonus when they meet the spending requirement within the first three months of account opening. As of the latest offer, the card gives a $900 bonus after you spend $6,000 on purchases within the first three months. This welcome bonus can significantly boost your cash back earnings, especially for business owners who are making big purchases during the start-up phase or while scaling their operations.
4. Employee Cards at No Additional Cost
Another benefit is that you can get employee cards for free, allowing you to track and earn rewards on purchases made by your team members. By giving your employees their own cards, you can accumulate cash back even faster and have a streamlined way of managing business expenses. Best of all, there’s no additional charge for these cards, which means you can issue them to multiple employees without increasing your expenses.
5. Purchase Protection and Other Business Benefits
The Ink Business Unlimited® Credit Card also provides valuable business protections, such as:
- Purchase protection: Covers eligible purchases against damage or theft for 120 days.
- Extended warranty protection: Adds an extra year to the manufacturer’s warranty on eligible items purchased with the card.
- Travel and emergency assistance: Provides assistance services in case of emergencies when traveling for business.
Additionally, there are no foreign transaction fees, which is a great perk for business owners who travel abroad or make purchases in foreign currencies.
6. Cash Back Redemption
One of the most appealing aspects of this card is its flexibility when it comes to redeeming cash back. You can use the cash back for various purposes, such as:
- Statement credits
- Gift cards
- Direct deposit into a bank account
- Travel through the Chase Ultimate Rewards® program (if you also have other Chase cards)
This allows you to use your rewards in ways that best suit your business’s needs, whether you want to pay down your balance, reinvest in your business, or reward your team.
7. Access to Chase’s Business Management Tools
As a Chase business card holder, you get access to a range of tools and services designed to help manage your business finances:
- Chase Business Online Banking: Manage your account, track your cash flow, and view transactions.
- Spending management tools: Monitor and categorize your business expenses to keep track of your budget.
- Employee management: Set individual spending limits on employee cards, making it easier to manage spending.
These tools make it easier to track your spending and maintain control over your business finances, streamlining the financial management process.
How to Apply for the Ink Business Unlimited® Credit Card
Applying for the Ink Business Unlimited® Credit Card is a straightforward process, but you’ll need to meet certain requirements before you can be approved. Below are the steps for applying, along with some important eligibility information:
1. Eligibility Requirements
Before you apply, ensure that you meet the following basic requirements:
- Business: You must own or operate a small business, whether it’s a sole proprietorship, partnership, corporation, or LLC.
- Credit Score: Chase typically looks for applicants with a good to excellent credit score (700+), though approval is not guaranteed, and other factors such as income and business revenue may also play a role.
- Social Security Number (SSN) or Employer Identification Number (EIN): You’ll need either an SSN or EIN to apply for the card.
2. Application Process
To apply for the Ink Business Unlimited® Credit Card, follow these simple steps:
- Online Application: Visit the Chase website and navigate to the Ink Business Unlimited® Credit Card page. Click on the “Apply Now” button.
- Fill Out the Application Form: You’ll need to provide basic information, such as your business name, type, and legal structure. You will also need to provide details about your revenue, annual expenses, and personal information such as your Social Security number.
- Submit the Application: Once you’ve completed the form, review the details and submit your application. Chase typically gives an instant decision, but in some cases, you may need to wait a few days for a final approval.
3. After Approval
Once approved, you’ll receive your Ink Business Unlimited® Credit Card in the mail within 7–10 business days. After activation, you can start using it immediately for business purchases and begin earning cash back rewards.
Maximizing Your Ink Business Unlimited® Credit Card Benefits
To get the most out of the Ink Business Unlimited® Credit Card, consider these tips:
- Make large purchases early: Take advantage of the sign-up bonus by meeting the spending requirement in the first three months. For example, use the card for large inventory purchases or major business-related expenses.
- Issue employee cards: Issue employee cards to maximize your cash back potential and track all expenses under one account.
- Pay off your balance each month: To avoid interest charges, try to pay off your balance in full each month. This will allow you to earn rewards without incurring extra costs.
- Use for regular business expenses: Use the card for all your regular business expenses, from office supplies to utilities and more, to earn 1.5% cash back on everything.
Conclusion
The Ink Business Unlimited® Credit Card is an outstanding business credit card for small business owners who want to earn cash back without worrying about rotating categories or complex reward systems. With its simple structure of 1.5% cash back on all purchases, a solid welcome bonus, no annual fee, and additional business benefits, it’s a versatile card that can help you save on everyday business expenses while offering valuable rewards.
If you’re ready to take advantage of the Ink Business Unlimited® Credit Card, visit the Chase website to apply online. With no annual fee and a straightforward rewards program, this card can be a great financial tool for businesses of any size. Whether you’re just starting your business or already running an established operation, it’s an easy and effective way to earn cash back and streamline your business’s finances.
