The Chase
Ink Business Unlimited® Credit Card is a good card to consider if your credit score is
700 or higher and you want the chance to earn a big initial bonus and hassle-free ongoing rewards for your business. You won’t even have to pay an annual fee, so it’s easy to make this card worth your while.
Ink Business Unlimited also has some early financing appeal, giving an introductory APR of
0% for 12 months to new cardholders. The regular APR is pretty high, however, which means this is not the card for carrying a balance from month to month under normal circumstances. It’s not the best card for international spending, either, thanks to a foreign transaction fee of
3% of each transaction in U.S. dollars.
Below, you can learn more about what Chase’s Unlimited Ink business credit card offers, how it compares to other top cards, and who should get it.
What I Like About Chase Ink Business Unlimited
$750 Initial Bonus
Spending
$6,000 within
3 months of opening an account gets you this bonus. The average cash bonus is
$235.
Unlimited Cash Back
All purchases yield
1.5% cash back with the Chase Ink Business Unlimited Card. And true to its name, there’s no limit to the amount you can earn.
Some cards offer reward rates that are a lot higher, but those bonus rates typically apply only to certain types of purchases or a certain amount spent. With Ink Unlimited, you’re earning at an above-average rate every time you make a purchase, and you don’t have to worry about activating any categories or getting subpar value on certain expenses.
No Annual Fee
The Ink Unlimited Card’s
$0 annual fee makes it
$26.75 per year cheaper than the average credit card. It also means you have the freedom not to use it if you don’t want to. It could even be one business credit card among several in your wallet.
Free Employee Cards
You can get an unlimited number of free cards for employees and set custom limits for each. All the rewards from employee cards go back to the business, too.
0% Introductory APR
Offering
0% for 12 months on new purchases, Ink Business Unlimited is interest-free the same period of time as the average offer. Other cards offer 0% on purchases for about
11 months on average. So, this feature could certainly help you save, but if financing is your main focus, you should continue shopping around.
$3K+ Credit Limit
The Ink Unlimited Card’s minimum credit limit is $3,000 for all approved applicants, but even your starting limit could be a lot higher, and you could earn a credit limit increase in the future with good behavior. Chase may need to contact you for more information if a limit of $25,000 or higher is potentially in the cards.
If you want a higher minimum limit, you’ll need to consider the
Ink Business Preferred® Credit Card and the
Ink Business Premier® Credit Card instead.
Assorted Secondary Benefits.
In addition to $0 liability for unauthorized transactions, Ink Unlimited provides perks such as complimentary extended warranty protection and rental car insurance. It has several travel-oriented benefits, too, including roadside assistance and emergency resources for travelers.
What I Don’t Like About Chase Ink Business Unlimited
High Balance Transfer Fee
Ink Business Unlimited is better for new purchases than balance transfers, thanks in part to this fee equal to 5% (min. $5) of what you transfer. Plus, there’s no 0% balance transfer intro APR promotion right now.
High Regular APR
Ink Unlimited’s regular interest rate is
17.49% - 23.49% (V), depending on your overall creditworthiness. Even the low end – reserved for people with pristine credit, lots of income and little debt – is far from ideal. So it’s best to pay your monthly bills in full when promotional financing terms are not in effect. You can avoid interest charges that way.
Foreign Fee
Ink Unlimited adds a
3% of each transaction in U.S. dollars fee to foreign transactions, so you may want to pair it with a no foreign transaction fee business credit card for international travel as well as orders made online or by phone through foreign suppliers.
Approval Requirements Get Personal
Like all other major business credit cards, Chase Ink Unlimited’s underwriting focuses at least as much on the applicant’s personal credit history and finances as his or her company’s. We recommend that applicants have a personal credit score of 700 or higher – 750+ for the best approval odds.
You can
check your latest credit score for free here on WalletHub to get a feel for your chances of approval. If you’re still undecided about Ink Business Unlimited, you can also compare the offer to the rest of the
best business credit cards to confirm it's the right card for you.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
