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Chase has a great landscape of credit cards, but if you’re a small business owner like me, the Chase Ink Business Unlimited is fantastic card to consider picking up. I’ve consistently written about this no fee card from Chase, but I thought I’d break down my top 4 reasons to get, keep, and swipe this card silly.
The Chase Ink Business Unlimited offers $500 or 50k Ultimate Rewards as a welcome offer
- Earn $500 or 50k Ultimate Rewards after spending $3k in 90 days of card opening
Technically the Ink Business Unlimited is a cash back credit card; however, if you carry one of Chase’s premium Ultimate Reward earning cards, you can simply combine your rewards into the premium account and then transfer them into Chase’s travel partners. This is what we consistently do to fly in cabins like Air France Business Class
1.5x on every single thing you purchase.
This is simplifies your life. There are so many category bonuses, and instead of trying to keep each an every one of them straight, you can rest assured you’re earning 1.5x on each purchase you make. Perhaps your business spends a lot of travel, but also inventory purchases that don’t qualify for bonuses on any card. You could levy your travel spend on the Ink Business Preferred, and everything else on the Ink Business Unlimited. This would not only earn you 3x on travel and 1.5x on everything else, but would allow you to combine your points into the Ink Business Preferred account, and then transfer them to partners for aspirational travel.
No Annual Fee
Simply put. No annual fee. As long as you have this card, you won’t be forking any money over to keep it.
0% Interest for 12 months
That’s right. Let’s say your business is trying to keep cash flows consistent, or you’re waiting on receivables from clients that haven’t been paid yet. You can continue to make purchases on the Ink Business Unlimited and enjoy 0% on new purchases, and qualified balance transfers. Word to the wise…mark, double mark, triple mark with reminders when that 12 months expires otherwise you’ll get hit with interest fees ( 15,49% – 21.49% variable ).
Pairing it with a Chase Sapphire Reserve will effectively give you 2.25cents per dollar spent when used in Chase Travel.
This card earns 1.5 cents back on all transactions. If you carry a Chase Sapphire Reserve you can transfer from the Ink Business Unlimited to the Reserve 1:1. Chase Reserve points can be redeemed for 1.5 cents a point in Chase Travel. 1.5 x 1.5 = 2.25cents.
But I don’t have a small business, Miles. You may, and not know it. Keep reading.
Chase is very friendly to entrepreneurs and small business owners. In fact, if you haven’t been in business for long, or you haven’t established yourself with an EIN, you can still apply as a Sole Proprietor ( fill in your SSN ). If you run a small side business (think bloggers, ebay sellers, tutors, consultants, etc) and want a card to segregate your business income from your personal income at tax time…this is a great opportunity to earn a load of points and help yourself out.
Personally, I have two businesses that I run, one has an EIN, and one doesn’t. I still need to keep all of their records separate, and so I have cards for each business.
Is the Ink business unlimited restricted by 5/24
Yes. Every single card that earns Ultimate Rewards ( or cash back that can be converted into UR) is restricted by 5/24. However, Chase business cards don’t add to your number.
*feature image is Lufthansa First Class 747-8i