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Chase has released, what is essentially the business version of the Freedom Unlimited, the Chase Ink Business Unlimited. This card now expands their fleet of Chase branded small business cards to 3: The Ink Business Preferred, Ink Business Cash, and now the Ink Business Unlimited. What’s most exciting about this card is how you can use it in tandem with another card that earns Ultimate Rewards. Getting you closer to those aspirational experiences we aim to achieve. Let’s take a look at the card, the benefits, and whether or not it would be a good fit for your business.
- 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 )
- 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.
You can use this card in Tandem with the Ink Business Preferred or Ink Business Cash to maximize your earn
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.
Chase Ultimate Reward Transfer Partners
- British Airways
- Virgin Atlantic
- Jet Blue
- 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.
What are some other ideas can you do with 50k Ultimate Rewards?
OR…fly in Singapore Suites for just 76k from New York to Frankfurt. Helluva deal
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