The Ink Business Unlimited Credit Card is a top choice for small businesses looking for a credit card with no annual fee. With its straightforward rewards structure and high introductory bonus, this card offers great value for business owners. In this article, we will explore the features and benefits of the Ink Business Unlimited Credit Card and why it is a smart choice for businesses.
One of the standout features of the Ink Business Unlimited Credit Card is its earning potential. The card earns 1.5% cash back on every purchase, which is a competitive rate compared to other cards in its category. However, what sets this card apart is that it earns cash back in the form of Chase Ultimate Rewards points. These points can be combined with points from other Chase cards and transferred to the Ultimate Rewards program’s airline and hotel partners, increasing their value significantly.
Currently, the card offers a generous welcome offer of $900 cash back after spending $6,000 on purchases in the first three months from account opening. This is a limited-time offer that is ending soon, so business owners should take advantage of it while they can. The $900 cash back can be redeemed as Chase Ultimate Rewards points, which can be used for cash back, gift cards, or travel bookings through the Chase Travel portal. By pairing the Ink Business Unlimited with a card that earns transferable Ultimate Rewards points, such as the Chase Sapphire Preferred Card, business owners can potentially double their return.
In terms of benefits, the Ink Business Unlimited Credit Card offers some valuable protections. It includes purchase protection, which covers new purchases for up to 120 days against damage or theft. It also provides an auto rental collision damage waiver, which covers rental cars for business purposes, and an extended warranty that extends the time period of U.S. manufacturer’s warranties. Additionally, the card allows for employee cards at no additional cost, making it convenient for businesses with multiple employees.
While the Ink Business Unlimited Credit Card may not offer as many perks as cards with higher annual fees, its benefits are still valuable for small business owners. However, it is important to note that the card does not provide cellphone protection or trip cancellation/interruption insurance, which may be deal-breakers for some business owners.
When it comes to earning rewards, the Ink Business Unlimited Credit Card is straightforward. It earns 1.5% cash back on all purchases, with no need to worry about rotating or bonus categories. While this may not offer the highest return for certain types of spending, such as airfare or office supplies, it provides a consistent and easy-to-understand rewards program.
Redeeming rewards with the Ink Business Unlimited Credit Card is simple. Points can be redeemed for cash back, gift cards, travel, or goods and services offered through Chase’s rewards program. Points redeemed for cash, gift cards, or travel are worth 1 cent each. However, business owners can boost their redemption rate by transferring points to a full-fledged Ultimate Rewards card, such as the Chase Sapphire Reserve or the Ink Business Preferred. This can result in a higher value for points, with the potential to exceed 2 cents per point depending on the transfer partner.
In terms of competition, the Ink Business Unlimited Credit Card competes with other business credit cards that offer a similar return on all spending. Some of its competitors include the Capital One Spark Cash for Business, the American Express Blue Business Cash Card, and the Bank of America Business Advantage Cash Rewards Mastercard.
Overall, the Ink Business Unlimited Credit Card is a valuable option for small businesses. Its high introductory bonus, no annual fee, and simple rewards structure make it an attractive choice for business owners. By pairing it with a premium Chase card, business owners can maximize their rewards potential. It is worth considering for any business owner looking for a no-fee credit card that earns valuable rewards.
Note: The ratings mentioned in this article are based on the opinion of TPG’s editors and are not influenced by the card issuer.