Chase Ink Unlimited Review 2022: Is It Right for Your Business?

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.

Key Features

GOBankingRates gave the Chase Ink Unlimited card a 4.5 overall score based on the following key features.

Fees

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

APR

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.

Rewards

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.

Rewards can also be used for gift cards, business travel through Chase Ultimate Rewards, or for Apple purchases through the Ultimate Rewards Store.

Travel

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.

Final Take

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.

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.

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