of (8.25+15.99) and 29.99% variable APR. Same page link to Pricing and Terms, 5% cash back in select business categories NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. It earns an unlimited 2.5% cash back on purchases totaling $5,000 or more. However, a card with higher-rate bonus categories will probably be more rewarding if your spending focuses around specific business expenses. It gives business owners time to earn and fully pay off the $6,000 required for the welcome bonus with no interests. Plus, the Business Advantage Customized Cash Rewards card has no penalty APR and doesnt charge a late fee if your balance is $100 or less, which is far more forgiving than the Ink Business Unlimited card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. The Ink Business Unlimited is one of the best cards in Chases catalog for startups, side hustles and other small businesses. And its generous sign-up bonus and introductory 0% APR period on purchases are a boon for those planning to make a major purchase and pay it down over time. SUBMISSIONS ARE NOT EDITED BY CHASE NOR DO THEY NECESSARILY REPRESENT/REFLECT THE VIEWS/OPINIONS OF CHASE. Applying for a product may impact your score. Ink Business Unlimited Benefits Guide | Bankrate It depends on how you spend and how you want to earn rewards. Opens Slate Edge page in the same window. We believe everyone should be able to make financial decisions with confidence. The card comes with a hefty default APR of 29.99, which is a penalty youre given if you make a late payment. Put $0 if you currently don't have a rent or mortgage payment. A soft credit pull will not affect your credit score. Theres also purchase protections, account alerts and free employee cards with which you can set individual limits. Your email address unlocks your approval odds. Bankrates editorial team writes on behalf of YOU the reader. plus earn rewards on every purchase made for your business with this no annual fee credit card. Gregory Karp is a former NerdWallet writer and an expert in personal finance and credit cards. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. As a business card, the Ink Unlimited requires you to have a business in order to qualify for this card. 17.24% APR . This can be a great reinvestment strategy for redeeming a nest egg of points for cash back or covering the cost of an upcoming business trip. Points dont expire and you have a variety of options for redeeming your rewards you can redeem your points for a statement credit or as a deposit into a checking or savings account, or you can redeem them for a variety of other rewards, including travel rewards, gift cards, Amazon purchases and experiences. WebThe Chase Ink Business Unlimited Credit Card is a great no annual fee, cash back earning card with Ultimate Rewards earning potential (more on that in a bit). The main downside of the Blue Business Plus card is the spending cap on purchases. One of the key perks of the Ink Business Unlimited as an Ultimate Rewards card is that if you pair it with a premium Ultimate Rewards card, you can pool all your rewards into a single account and enjoy a higher point value. By agreeing, you are giving your written instruction to Bankrate and our lending partners (together, Us) to obtain a soft pull of your credit report to determine whether you may be eligible show more for certain targeted offers, including pre-qualified and pre-approved offers (your "CardMatch offers"), as well as display what we estimate your approval odds to be for participating offers (Approval Odds). But it only offers a flat-rate of 1.5% on purchases, so it will be tough to maximize the amount of cash back you earn. Opens Hotel category page in the same window. Drive with peace of mind when you compare insurance carriers and find the policy thats right for you. Opens Ink Business brands page in the same window. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Apply for a credit card with confidence. Chase Freedom Unlimited at Chase's secure website EXPERT'S RATING 4.9 OVERALL RATING 4.9/5.0 Our Review However, people who spend heavily on common business categories like internet, phone services and travel may miss out on more rewards with the Ink Business Unlimited. Our reviews and best card recommendations are based on anobjective rating processand are not driven by advertising dollars. If you have higher spending in certain categories, such as travel or office supplies, you might be better off with a card that offers a higher rewards rate on those spending categories. , worth 1 cent each when redeemed as cash back. The Chase Ink Business Unlimited is one of the best no-nonsense rewards credit cards for businesses, as card holders can earn 1.5% cash back on all their business Neither has an annual fee, and their sign-up bonuses are comparable. For added value, the card comes with plenty of perks, including a generous sign-up bonus and an intro APR offer on new purchases. We found references that pegged the minimum score to be around 680, but one source had a low score of 636. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Aside from cash back rewards, the Chase Ink Business Unlimited card has another appealing feature for business owners: a 0% introductory APR on new purchases for 12 months (after that, the ongoing variable rate is 18.24% to 24.24%). *All information about the Chase Freedom Unlimited has been collected independently by CreditCards.com and has not been reviewed by the issuer. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. The Chase Ink Business Unlimited credit card is an all-around good card for business owners. The card bears a lot of similarities to the Venture X Business Card. Were sorry, but something went wrong and we couldnt find your approval odds. The Ink Business Unlimited Credit Card is made for business owners who want easy-to-use benefits without an annual fee. Aja is the author of How a Mother Should Talk About Money with Her Daughter.. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Chase has on file. Bonus spending in categories such as travel and dining can be exhausting to track and also not applicable to a lot of businesses. Choose the best home insurance company for you. To make matters worse, Chase could leave this penalty APR in place indefinitely, which is far longer than other cards that only keep a penalty APR in place for 6 to 12 months. Youll need at least good credit to qualify for the. At Bankrate, we have a mission to demystify the credit cards industry regardless or where you are in your journey and make it one you can navigate with confidence. Annual fee: $95. Terms apply to the offers listed on this page. The unlimited flat rewards rate with no spending limit means you could still use it as an everyday card even if your business expenses increase or you get a specialized rewards card. Frequent international travelers would be better served by a. could be a fit for entrepreneurs who dont want to deal with cumbersome bonus category terms. No conversion to Chase points without holding the Chase Sapphire Reserve, Chase Sapphire Preferred or Ink Business Preferred. Generally speaking, good credit is defined as a personal FICO score of at least 690. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. The main catch is that you only earn bonus rewards on the first $50,000 in the combined 3% and 2% categories, which may not be the best fit for businesses with big expenses. No spending categories to remember, just a flat rate of 1.5 points per dollar spent. Opens Balance Transfer page in the same window. Round-the-clock monitoring for unusual credit card purchases. The ongoing APR is 18.24%-24.24% Variable APR. Ink Business Unlimited Credit Card Review. Kenley Young directs daily credit cards coverage for NerdWallet. The best card to pair with the Ink Business Unlimited depends on your business spending since maximizing your flat-rate cash back card relies on pairing it with a Chase bonus category credit card. That means: We only use your info to run a soft credit pull, which wont impact your credit score, All of your personal information is protected with 256-bit encryption. Ink Business With no annual fee and a 0% intro APR on purchases made within the first 12 months from account earning, this can be a great business card for the right business owner. The Business Cash card offers the same APR, sign-up bonus and perks as the Ink Business Unlimited. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. You don't need to be incorporated or have a formal business structure, like an LLC or partnership. A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. Pre-qualified offers are not binding. CreditCards.com credit ranges are derived from FICO Score 8, which is one of many different types of credit scores. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. With the Ink Business Preferred Credit Card and the Chase Sapphire Preferred Card, points are worth 1.25 cents each when redeemed for travel this way. Opens IHG brands page in the same window. Earn unlimited 1.5% Cash Back rewards on every purchase made for your business. The Ink Business Preferred Credit Card is more of a travel card. The various Chase Ink Business Cards require good or excellent personal credit. To apply for a product you will need to submit an application directly with that provider. You do not need to include alimony, child support, or separate maintenance income unless you want to have it considered as a basis for repaying a loan. CreditCards.com is an independent, advertising-supported comparison service. Ink Business Cash Credit Card: $900 Bonus Cash Back After you Spend $6,000 in the First 3 Months. With the. Opens New to Credit page in the same window. . Ink Business Unlimited Credit Card NEW CARDMEMBER OFFER $750 bonus cash back after you spend $6,000 on purchases in the first 3 months after account opening. Money market accounts are similar to savings accounts, but offer some checking features as well. It also comes with a solid welcome offer, a rare intro APR offer on purchases and solid redemption options to round out the card. Opens Newest Offers page in the same window. Its simple rewards structure is surprisingly valuable and great for cash back business expenses in non-bonus earning categories. Opens EMV Cards with Chip page in the same window. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. But dont worry! Unlimited 1.5% cash back rewards on every purchase Keep an eye on your inboxwell be sending over your first message soon. Neither has an annual fee, and their sign-up bonuses are comparable. Ink Business Unlimited Credit For instance, the Capital One Spark Cash Plus offers unlimited 2% cash back on every purchase for a $150 annual fee (and no fee for employee cards). Ink Business Unlimited vs. Link toggles the More Products sub navigation, Opens Chase.com auto loans in a new window, Opens Chase.com home equity in a new window, Opens Chase.com investing in a new window, Opens Chase.com business banking in a new window, Opens Chase.com commercial banking in a new window, Opens Chase ATM and branch locator in a new window, Opens Marketplace homepage in the same window, . Can I transfer Chase Ink Business Unlimited points to other Chase cards? Opens Southwest brands page in the same window. Ink Business Opens in a new window containing additional reviews. This card offers travel protections including 24/7 pay-per-use roadside emergency service and primary rental car insurance that reimburses you for up to the cost of the vehicle for theft or collision (if you decline the rental companys insurance). The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. You can get that cash back in the form of a statement credit or a direct deposit into most U.S. checking and savings accounts. It offers decent rewards, benefits and first-year offers, especially for a card with no annual fee. What's the credit limit on the Chase Ink Business Unlimited credit card? Earn rewards faster with employee cards at no additional cost. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Chase Ink Business Unlimited Review: When Simplicity Is Key - NerdWallet. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. Below I will outline the time line for my Chase Ink card as well as some other data points. EDITORIAL DISCLOSURE All reviews are prepared by CreditCards.com staff. Anyone know the hack on how to add the card to Chase Pay\Apple Pay before receiving the card? However, credit score alone does not guarantee or imply approval for any financial product. The offers that appear on this site are from companies from which CreditCards.com receives compensation. The Ink Business Unlimited Credit Card offers a more attainable welcome bonus, flat cash back on all purchases and no annual fee, all of which may appeal to a 2023.06 Update: The 90k offer is expired. It also has no annual fee to worry about, so small-business owners can enjoy their rewards as they earn them. . Since you technically earn Ultimate Rewards with the Ink Business Unlimited, you have a nice mix of redemptions to choose from.