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Chase Ink business credit cards continue to change frequently. The Ink Bold, Ink Plus, and Ink Classic cards have all been discontinued, but Chase has been adding new Ink cards to take their place.
Chase has now launched the no annual fee Ink Business Unlimited Card with a limited time $500 or 50,000 point signup bonus for spending $3,000 in 3 months.
Cash back or points?
This card is marketed as a cash back card, which is why it says it has a $500 signup bonus. Don’t be fooled by that, in fact it earns Chase Ultimate Rewards points that can be cashed out for 1 cent each and you will receive 50,000 points for signing up.
Quadfecta:
Besides for not having an annual fee and an awesome signup bonus, the Chase Ink Business Unlimited Card can be used in place of the Freedom Unlimited card as part of my Chase Quadfecta and is highly recommended for anyone trying to maximize their spending.
That’s because similar to the consumer Chase Freedom Unlimited® card, the Chase Ink Business Unlimited Card will earn 1.5 points per dollar everywhere.
Both the Chase Ink Business Unlimited Card and the Chase Freedom Unlimited® card are marketed as cash back cards, but they actually earn Chase Ultimate Rewards points that can be cashed out for 1 cent each. Don’t do that. While this card can’t transfer points into miles, Chase allows you to transfer points to cards where they can be transferred into miles or redeemed for a greater value.
My goal is to receive a value of 2 cents per point via transfers to miles and that makes spending on this card worth 3% back. If you have a Sapphire Reserve card the minimum value you can receive for your points is 1.5 cents each, which makes spending on this card worth a minimum of 2.25% back. That makes the 50K signup bonus worth between $750-$1,000.
There are several major advantages of the Ink Business Unlimited card over the Freedom Unlimited card:
- The Freedom Unlimited card offers a $150 or 15K signup bonus versus the $500 or 50K signup bonus on the Ink Business Unlimited Card.
- The Ink Business Unlimited card offers 0% APR on purchases and balance transfers for 12 months and carrying a balance on this card won’t hurt your personal credit score, as described in the next section.
- The Ink Business Unlimited card has all of the major advantages of a business card, as described in the next section.
- This card is also eligible for additional cash back via Visa Savings Edge. That means you can get points plus cash back at Chevron, Sheetz, AutoZone, Texaco, Boost Mobilem Alamo, National, MGM hotels, Lenovo, Wyndham hotels etc.
Business card information, benefits, and 5/24:
This is a business card, but you may already have a business that needs a card to keep track of expenses. For example if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures you can open a business credit card for “Joe Smith” as the business. You don’t need to file any messy government paperwork to be allowed to do that. Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field.
It’s important to just write your own name as the business name if you are just applying for your own small business as a Sole Proprietorship that doesn’t have any business paperwork.
If you’re like me and you run more than one business you can signup for multiple of the same card for each business to manage each businesses expenses separately.
All Chase cards that earn Ultimate Rewards are subject to 5/24 restrictions, read more about that here.
However, it’s important to note that business cards from most banks, including Chase business cards, do not get added to your 5/24 count of recently opened cards. That’s because business cards from most banks don’t show up on your personal credit report and the 5/24 count is based off of your personal credit report.
Another benefit of this card not reporting on your personal credit report is that when you spend money on personal cards your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card bill before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally it’s good to have the statement close with a couple dollars to show the card is active and being paid every month.
On business cards from banks like AMEX and Chase it’s just not reported, so you can wait until the money is due without it having a negative effect on your score. That also means if you close the card, it won’t have an effect on your credit score.
If you or anyone in your household has one of the following cards, you can transfer your points into miles:
Ultimate Rewards points can be combined between all of the Chase cards that you, your spouse, or additional users have.
Cards that allow all of your Chase points to be transferred into airline miles and hotel points include:
- Chase Sapphire Reserve® (Earn $500 or 50K points for spending $4K in 3 months. $450 annual fee, less $300 annual free travel spend=$150 net annual fee. Allows all points to be used at a value of 1.5 cents each towards travel).
- Chase Chase Sapphire Preferred® Card® Card (Earn 50K points for spending $4K in 3 months. $95 annual fee waived for first year).
- Chase Ink Business Preferred (Earn 80K points for spending $5K in 3 months. $95 annual fee).
Other no annual fee Chase cards that also earn Ultimate Rewards points include:
- Chase Freedom
- Chase Freedom Unlimited
- Chase Ink Cash
Why I prefer miles over cash back: Chase Ultimate Rewards are highly versatile and valuable:
- If I want to stay in a 5 star Park Hyatt in the Maldives, Melbourne, NYC, Paris, Sydney, or Tokyo that would cost over $1,000/night, I can instantly transfer 25-30K points to Hyatt to do that, a value of up to 6 cents per point.
- If I need a last minute flight from Cleveland (or Chicago, Detroit, Miami, Montreal, Orlando, Pittsburgh, Toronto, etc) to NYC that can cost $500 each way, I can instantly transfer 7.5K points to British Airways to book a short-haul on American with no last minute booking fees. Or if American doesn’t have availability I can instantly transfer 10K points to United for their short-haul award. That’s a value of up to 7 cents per point.
- If I want to stay in a non-chain hotel that costs $300/night and don’t want to pay cash, I can redeem 20K points for the room thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point.
- If I want to fly in a $25,000 ANA First Class Suite round-trip from the US to Tokyo, I can instantly transfer 110K or 120K points to Virgin Atlantic. That’s a value of up to 23 cents per point.
- If I want to book a $2,285 business class ticket on Air Canada to Tel Aviv I can redeem 152K points for the flight thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point. Plus I’ll earn 25K United miles as it’s considered a paid flight.
- If I want to fly in a $11,000 Korean first class suite one-way from the US to South Korean, I can instantly transfer 80K points to Korean and take advantage of their amazing award availability. That’s a value of up to 14 cents per point.
- And thousands of other possibilities from Singapore couples suites to booking Southwest awards with 2 free bags and free cancellations, to stealing 2nd base in middle of an MLB game.
Will you be signing up for an Ink Business Unlimited card?
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104 Comments On "Earn $500 Or 50K Points And 50% Bonus Points Everywhere With The Brand New, No Annual Fee, Chase Ink Business Unlimited Card!"
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I applied for this a week ago online, and they said that ‘ll get the results in the mail, does this mean that I’m not approved??
Will I get the sign up bonus of I opened a ink cash within 2 years
Yes, this is a brand new card.
Am I not going to get approved if I opened 5 cards within the past 24 months? Or that doesn’t apply for business cards?
I know that you say that this application will not count towards 5/24 but what about getting approved if I have opened 5 cards the past 24 months…
“All Chase cards that earn Ultimate Rewards are subject to 5/24 restrictions”
That means if you are already over 5/24, then you will probably not get approved. This just won’t add to your 5/24 count.
Dan,
Do the older Chase ink business with the $95 annual fee offer anything that this card doesn’t, Or is it time to get rid of those cards?
It offers different spending categories that are also valuable.
can I do 2BM for the ink preferred and this card, or chase requires to call in and they wont approve me for 2 cards?
Yes.
YMMV.
What do you mean with YMMV? I wont get both bonuses?
You will get both.
You may or may not have to call.
Hi, Sorry but the chase freedom unlimited offers 0% APR for 15 months so how is that number 2 on the list of major advantages of the Ink Business Unlimited card over the Freedom Unlimited card?
On this card that balance won’t hurt your credit score.
True. However, it will hurt your business credit score if you do open the account under a legit business account.
I just received the INK Business Preferred for 100k points. And I have 3 other INKs. Should/can I get this one too?
Why not?
Do you have to wait 30 days between applications?
No
Can I transfer to the new card? From my old INK card?
Transfer what?
Meaning can I get the new card and cancel the old one and not get charged $95?
Yes, you should be able to convert your ink card to a different Chase Ink offering. Call Chase number on the back of your Ink card to make request. You will forego signup bonus, however.
You can also simply sign up for new Ink card and then subsequently transfer your credit limit from old Ink card to new Ink card.
Can I get all the above cards? Or if you have one, you can’t have the other?
Meaning for example if I have the Sapphire Preferred for years, can I also get the reserve?
Please list if there are any that Chase won’t let you get if you have the other, and if there are any workarounds?
Thanks
You can only get approved for one Sapphire card and one Freedom card, but you can have all the rest.
If I want to get the reserve, how long does the preferred need to be closed for?
Also, how soon after getting the preferred card bonus, can you apply for reserve bonus? (after cancelling the preferred)
Is applying for this and a sapphire preferred together likely to get both applications rejected?
No difference
But it’ll only show as one hard pull?
I don’t have any chase card yet (I do have cards from other banks) I wanna apply for 2nchase cards now, I’m thinking about this card and ink business preferred. What would you recommend?
Lots of good options, depends on what spending categories you want.
My main thing is being able to spend a lot
If I’m concerned to get more than one of the ink products, should I wait till the ink reserve comes out, or no reason to wait?
Why wait?
I’ve had them give me headaches when it’s too close between the business card applications, but don’t want to miss out on the ink reserve.
If you don’t think there’s reason for concern, I’d apply now and go for the reserve in a few weeks when it comes out
Who said there is an Ink Reserve coming out in the next few weeks?
Fair. Rumors seemed to point to both cards coming out relatively same time
How many chase business card you get on the same business?
There’s no limit.
is there a limit to TOTAL amount of chase cards (aside from sapphire/ freedom’s one per customer)?
No
Is this Card giving 5% cashback for office supply stores like the ink cash ?
Nope, you would want this card and Ink Cash to get 1.5x everywhere and 5x on telecom and office supply stores/gift cards and 2x on gas and dining.
Hi Dan can I downgrade or change my current business preferred ink for this card?
Yes, you should be able to convert your ink card to a different Chase Ink offering. Call Chase number on the back of your Ink card to make request. You will forego signup bonus, however.
yes, but you save on the yearly fee
If my only motive is to get cash back on retail arbitrage, I do not travel or vacation much… would this card be good?
Get a 2% cash back card, then. Citibank has one.
Conclusion ? 5/24?
Yes or no
All Chase cards that earn Ultimate Rewards are subject to 5/24 restrictions, read more about that here.
However, it’s important to note that business cards from most banks, including Chase business cards, do not get added to your 5/24 count of recently opened cards. That’s because business cards from most banks don’t show up on your personal credit report and the 5/24 count is based off of your personal credit report.
https://www.dansdeals.com/credit-cards/earn-50k-points-50-bonus-points-everywhere-brand-new-no-annual-fee-chase-ink-business-unlimited-card/#comment-1356698
Does everyone who gets this card actually have their own business? Do they verify if you have one?
If you apply with your own name as the business name as a Sole Proprietor then you can have a business of selling items on ebay or Amazon, etc.
I applied before reading the post and wrote in the application a business name and chase wants me to verify that,
Is there any way to change it?
You can ask them, but otherwise you’ll have to apply again.
If I have 2 businesses, each with their own Tax ID number, but I am the authorized signatory for both, can I get the bonus twice?
Yes.
K im a bochur so if I get this card will it make any difference to my credit or anything the only card I have now is discover it is it worth it just to get the sign up bonus
Can I transfer UR points from personal Andy businesses accounts?
Yes.
Doesn’t it make more sense to apply for the 80k bonus and then switch cards to this one to get the 50% bonus on everyday spend?
Get both?
How long should I wait if I apply’d a month ago?
Is there an expiration date for this offer?
Thanks Dan for bringing this point out nice and clear, hopefully it will save from aggravation in the near future,while avoiding that silly mistake.
It’s important to just write your own name as the business name if you are just applying for your own small business as a Sole Proprietorship that doesn’t have any business paperwork.
Extremly clear and well written thanks Dan.
I recently applied and made this mistake. Got the 30 day message. Was going to wait it out. Would it be worth my while to call them now to change my application and switch it to my name? TIA
can i have more then 1 of same chase business card under same business name ?
(im not talking about welcome bonus)
Applied a week ago, needed not info… Called recon, they said they still couldn’t approv had to get transferred to another Dept… I do have a lot of accounts with Chase in addition to a business loc so could be that why..
FYI, this card does have a foreign transaction fee, other ink cards don’t.
All of Chase’s no-annual fee cards have forex fees.
Superbly written, only one thing I couldn’t figure out: That makes the 50K signup bonus worth between $750-$1,000. I realize that you can turn those miles into the Sapphire Reserve account, which means they will be worth $750 in travel. Can’t see how those 50,000 miles could be worth $1000??
It’s not hard to get a value of 2 cents per mile, see the last section of this post.
I don’t see 50,000 Points”. What I see is Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
Read the Cash back or points section in this post.
Thanks. Sorry I missed that
Is there a limit to how many points I get a year with the 50% bonus
Nope.
Thanks Dan, I have a ink business bold (only chase card besides the united), should I change that to a Chase Ink Business Preferred, and apply for the Ink Business Unlimited Card? I want the least amount of credit pulls
You can apply for multiple Ink cards on the same day with one pull.
You can offer to close the Bold card to get approved for a new card if needed.
Thanks, even on 2 separate business entity’s, same owner?
Yes.
I put the business name as my own name and still got the 30 day message….Dan, what do you suggest I do? Wait or call them?
Should i open all 3 ink cards on the sane day Ink Business Unlimited, Ink Business Cash, and Ink Business Preferred ?
Has anyone enrolled for this today and received approval immediately? I am just wondering if the reason why the 30 day wait is due to the fact that its a legal holiday and their approval department is not in?
To be honest I dont know the first thing about the credit cards, points, mileage game.
I really would like to learn.
I have tried reading through the forums and find it all to be extremely confusing. And dont know where to begin by sifting through thousands of pages of forums, even within the beginners forums.
If anyone has a direct link to perhaps a better forum within the forums where it is very well explained it would be greatly appreciated
Thanks
Nit about your example of a last minute flight from CLE to NYC: wouldn’t there be a $75 close-in fee on United? Also, when was the last time you actually found a 7500 miles flight on AA?
What is the difference between this card and the Chase Ink Business Cash Card?
Bad Question, I know the answer… my new question is, for the business ink cash, do new users cost money?
Can I transfer my business points to my Chase reserve (not a business account). Not available for instant transfer on web account
Do balance transfers count towards the $3K spend?
no!
”It’s important to just write your own name as the business name if you are just applying for your own small business as a Sole Proprietorship that doesn’t have any business paperwork.
If you’re like me and you run more than one business you can signup for multiple of the same card for each business to manage each businesses expenses separately”.
After reading what you wrote i was wondering what will happen –
if i would apply for the same card more then once will it be flagged if i keep using my name as the business name?
Hey Dan, I used my name as the business name when applying with sole proprietorship – I’m a real estate agent so this would be perfect card for me. I called today and they said they need extra information about the business. Any suggestions?
I applied for a ink business preferred and they said they want proof of my business I wrote my name as my business so I got denied what can I do
hi dan i want to open one of the ink cards witch one do you recommend?
Dan, I have the Chase Ink Unlimited, Chase Ink Preferred, Chase Ink Cash, and CSR… What card or card do you recommend I add for the Chase Quadfecta?
is there a foreign transaction fee?
Dan, you mention that if you choose sole proprietorship then for business name, I should put my own name. What if the business is actually connected with a real business under an llc but I prefer to put sole proprietorship, can I put the name of the business or should I still just put my name?
Thanks Dan!
Can I get the bonus points for the business cash and unlimited (a chase customer service rep said I couldn’t)
I applied for the business unlimited card and got a letter in the mail that I opened up too many cars in the past 2 years so the didn’t approve the card is there any point calling chase for reconsideration?
Check your credit report.
How many primary consumer cards have you opened in the past 24 months?
Ink Unlimited: “This card is also eligible for additional cash back via Visa Savings Edge. That means you can get points plus cash back at Chevron, Sheetz, AutoZone, Texaco, Boost Mobilem Alamo, National, MGM hotels, Lenovo, Wyndham hotels etc. ”
Did you mean National Car Rental? I don’t see that listed as an option on their website??
Applied, had to call recon was on hold for 22 min then approved. Thanks Dan!