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The Chase Ink Business Unlimited is advertised as a cash back card, but Chase allows you to combine the points you earn with their Chase branded cash back cards, with those that earn Premium Ultimate Rewards. The benefit? Access to a great list of transfer partners, and the ability to redeem your points for higher value.
In fact, the combination of using a Chase Sapphire Reserve as your personal card and this Chase Ink Business Unlimited for your small business creates the incredible opportunity to earn 2.25 cents towards travel on every dollar your small business spends. That’s a great deal. But, if you keep reading, we’ll explain to you how you can gain access to aspirational experiences like Singapore Suites. Just 76k Ultimate Rewards 🙂
Let’s take a look at the card, the benefits, and whether or not it would be a good fit for your business. Personally, I think the Ink Business Unlimited is arguably one of the best small business credit cards out there.
- The bonus is $500 after $3k spend in the 3 months after account opening
- However, remember if you hold any card that earns Ultimate Rewards you can convert ( best value ) – and this equals 50k Ultimate Rewards when converted.
- 1.5x everywhere
- If you have a balance elsewhere – you can transfer and get 0% APR for the first 12 months
- You also get 0% APR on purchases for 12 months
- We never advise carrying a balance. Always pay your card off in full
- No Annual fee
Be aware tho. This card does assess Foreign Transaction fees unlike the Ink Business Preferred.
As we referenced above. Using this card in Tandem with the Ink Business Preferred or Ink Business Cash will maximize your earn rates.
Since the Ink Business Unlimited earns 1.5x everywhere, you could utilize this feature to put all of your expenses that don’t earn bonus points on the Ink Business Preferred or Cash, on your Ink Business Unlimited.
Example of where to allocate expenses:
- 3x Travel: Ink Business Preferred
- 3x Phone: Ink Business Preferred
- You get free cell phone insurance, if you don’t want that, Ink Business Cash will get you 5x
- 5x Internet/Cable: Ink Business Cash
- 3x Shipping/Online Advertising: Ink Business Preferred
- 1x Foreign Transaction: Ink Business Preferred
- 1.5x Everything Else: Ink Business Unlimited
Pairing it with a Chase Sapphire Reserve will effectively give you 2.25cents back 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 = 2.25.
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.
If you have another Chase card that earns Ultimate Rewards you can access transfer partners through that account.
- British Airways
- Virgin Atlantic
- Aer Lingus
- Air France
- Ritz Carlton
Is the Ink business cash 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.
Other uses for 50k ish Ultimate Rewards?
Take advantage of competitive great deals on Air France to fly US to Europe for 60k ( ish ) in business.
OR…fly in Singapore Suites for just 76k from New York to Frankfurt. Helluva deal
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