Chase Ink Unlimited Review 2022: Is It Right for Your Business?
- Attractive cash-back bonus for qualifying new cardholders
- No purchase limits on earning rewards
- A variety of ways to use rewards
- Initial credit limit might be low, depending on creditworthiness and other factors
- Cash back rewards on business purchases are lower than some other business cards
Chase Ink Unlimited Overview
The Chase Ink Unlimited card is a business rewards card that offers decent cash-back rewards, a solid APR and reasonable fees. Perhaps the most standout feature of the Chase Business Unlimited is the perks for new cardholders.
It has an attractive 12-month introductory 0% APR — followed by a APR — and the potential for new cardmembers to earn a $750 cash-back bonus for spending $7,500 on purchases in the first three months after account opening. However, business owners looking to transfer a balance from another card at an introductory rate will not have that ability with the Chase Ink Unlimited.
GOBankingRates gave the Chase Ink Unlimited card a 4.5 overall score based on the following key features.
Chase Ink Unlimited has no annual fee for the primary card or for authorized employee cards, which isn’t always the case with business credit cards. Some of the fees cardholders do have with this card include:
- Balance transfers: $5 or 5% of the transfer amount, whichever is greater
- Cash advances: $15 or 5% of the advance amount, whichever is greater
- Foreign transactions: 3% of the transaction amount in U.S. dollars
The Ink Unlimited offers an attractive APR for purchases and balance transfers for those with good to excellent credit. However, cash advance balances have a higher APR.
Cardholders earn unlimited 1.5% cash-back rewards on business purchases. Cardholders can redeem rewards for cash back as a statement credit or direct deposit into most U.S. savings or checking accounts.
For businesses that require travel, this card provides a few helpful travel perks. Rental cars charged to the card will qualify for Chase’s auto rental collision damage waiver. The card also provides emergency assistance and dispatch services for those who need roadside assistance when traveling for business.
Cardholders can book business travel through Chase Ultimate Rewards, including flights, rental cars and hotels.
How Chase Ink Unlimited Stands Out
The Chase Ink Unlimited card’s 1.5% cash-back rewards and APR are neither the best nor the worst as business cards go, but this card’s introductory rate and bonus and its lack of annual fee make it a card worth considering for small business owners. The introductory APR and cash-back bonus can help a small business make substantial purchases with significant savings.
Comparable Chase Ink Unlimited Options
Here are two other business cards to consider that are comparable to the Chase Ink Unlimited.
Chase Ink Unlimited vs. Capital One Spark 1.5% Cash Select
The Capital One Spark Cash Select card is one of Capital One’s rewards card offerings and is very similar to the Chase Ink Unlimited.
This card has a APR, which is higher than someone might get with the Chase Ink Unlimited. Spark cardholders earn unlimited 1.5% cash back on purchases with no annual fee, just as with the Chase Ink Unlimited.
Chase Ink Unlimited vs. American Express Blue Business Cash Card
The American Express® Blue Business Cash card has a APR and no annual fee, which is in line with the Chase Ink Unlimited.
However, American Express® cardmembers earn 2% cash back on qualifying business purchases up to $50,000 in purchases per year and 1% on eligible purchases after the first $50,000. Terms apply.
How To Apply
To qualify for the Chase Business Unlimited card, an applicant needs a good to excellent credit score.
Applicants can visit the Chase website to apply. Those interested in the Chase Ink Unlimited card will need to provide personal and business information, including annual business revenue. Chase will review the applicant’s credit report and verify company information before approving an application.
Who the Chase Ink Unlimited Card Is Best For
The Chase Ink Unlimited is ideal for small business owners with good credit who don’t care to deal with a complex cash-back rewards system. Owners needing to make a significant business purchase can take advantage of Chase’s attractive introductory APR and cash-back bonus. They can also get authorized cards for employees without paying an annual fee.
The Chase Ink Unlimited is a solid middle-of-the-road card compared to other business cards. While 1.5% cash-back rewards aren’t the best a business owner can get, the decent APR and absence of an annual fee make this card attractive.
Business owners with excellent credit or who charge significant amounts to a card each year should look to other cards with higher cash-back rewards and better perks.
FAQHere are answers to commonly asked questions about the Chase Ink Unlimited card.
- Is Chase Ink Business Unlimited hard to get?
- To qualify for the Chase Ink Business Unlimited card, an applicant needs a good to excellent credit score. The minimum for a good credit score is 670.
- What is the Chase Ink Business Unlimited credit limit?
- There is no set credit limit for the Chase Ink Business Unlimited card. It will vary by the cardholder and is based on several factors, such as a cardmember's credit score, annual business revenue and the age of the business.
- The minimum credit limit issued is $3,000. Some companies may receive a credit limit of $25,000 or more.
- Does Chase Ink Business Unlimited report to personal credit?
- Only negative Ink Business Unlimited card activity is reported to consumer credit bureaus. Negative activity includes late payments or defaults.
- Is Chase Ink Business Unlimited metal?
Cynthia Measom contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 27, 2022.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
All information about the American Express® Blue Business Cash card has been collected independently by GOBankingRates. The American Express® Blue Business Cash card is not available through GOBankingRates.
The information related to the Chase Ink Unlimited card was collected by GOBankingRates and has not been reviewed or provided by the issuer of this product/card. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for this product.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
- Forbes. 2021. "Can A Business Credit Card Hurt Your Personal Credit?"
- Forbes. 2022. "Chase Ink Business Unlimited Credit Card 2022 Review."
- CNBC. 2022. "What is a good credit score and how to get one."