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Chase Ink Business UnlimitedSM Review 2020

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By Jordan Tarver on July 30, 2020

Jordan is a financial analyst with over two years of experience in the mortgage industry. He brings his expertise to Fit Small Business’s credit card and bank account content.

This article is part of a larger series on Best Small Business Credit Cards.

Ink Business Unlimited℠ Credit Card

Apply Now

On Chase's Secure Website

Rating 4 4
?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.

Best For: Pocketing 1.5% cash back on every single purchase

Intro APR ?0% APR for 12 months on purchases Regular APR Annual Fee Credit Needed
0% Intro APR on Purchases 13.24% - 19.24% Variable $0 Good - Excellent
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • 0% introductory APR for 12 months on purchases
  • Employee cards at no additional cost
  • No Annual Fee

Note: The information related to the Chase Ink Business Unlimited℠ Credit Card has been collected by fitsmallbusiness.com and has not been reviewed or provided by the issuer of this card.

Pros
  • 0% APR on purchases
  • Unlimited cash back rewards on all purchases
Cons
  • Introductory APR period doesn’t apply to balance transfers
  • 5% balance transfer fee
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
  • Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
  • Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less

Chase Ink Business UnlimitedSM is an excellent cash back credit card that offers fixed-rate cash back rewards on all purchases with no annual fee. Plus, this small business credit card offers travel and purchase protections as additional benefits. It also lets you add employee cards at no additional cost, set individual spending limits, and monitor expenses.

Who Chase Ink Business UnlimitedSM Is Best For

  • Owners who want a fixed-rate rewards card: Chase Ink Business UnlimitedSM is best for business owners who want to earn unlimited fixed-rate cash back rewards on all spending without having to pay an annual fee.
  • Owners who also own other Chase credit cards: Chase allows you to transfer your Chase Ink Business UnlimitedSM rewards to other Chase personal or business credit cards within the Ultimate Rewards program to receive a higher redemption value when booking travel.

How We Evaluate Cash Back Business Credit Cards

When grading cash back business credit cards like the Chase Ink Business UnlimitedSM, we weigh ongoing rewards heaviest. We rate introductory rewards as slightly less important, but they still are the second biggest factor in grading a card. We also consider the annual fee, introductory and ongoing annual percentage rates (APRs), and card benefits.

Grading Criteria
Card Score
Highest Possible Score
Ongoing Rewards
20
30
Introductory Rewards
20
20
Annual Fee
15
15
Additional Features
10
15
Introductory APR
10
10
Ongoing APR
10
10
Total Score
85
100

Chase Ink Business UnlimitedSM Fees

  • Introductory APR: 0% APR on purchases for the first 12 months from account opening
  • Ongoing APR: 13.24% to 19.24% variable, which will adjust with the prime rate
  • Annual fee: None
  • Balance transfer fee: Either 5% of the amount of the transfer or $5, whichever is greater
  • Foreign transaction fee: 3% for purchases made outside of the United States, charged in US dollars.
  • Cash advance fee: 5% of the advance or $15, whichever is greater

Chase Ink Business UnlimitedSM Rewards

  • Unlimited 1.5% cash back rewards on all business-related purchases.

Welcome offer: $500 bonus cash back when you spend $3,000 on purchases during the first three months after account opening.

You can redeem your rewards for cash back, gift cards, and travel through the Chase online travel portal. Redemption value for all three options is 1 cent per point. When redeeming for cash, you can receive a statement credit or a deposit into an eligible checking or savings account from a US-based bank or credit union.

You can increase your redemption value when you transfer rewards to your other Chase card that’s also part of the Ultimate Rewards program. For example, if you transfer your Chase Ink Business UnlimitedSM rewards to your Chase Sapphire Preferred personal card, each point is worth 1.25 cents when redeemed for travel.

Chase Ink Business UnlimitedSM Features

Auto Rental Collision Damage Waiver

When you rent a car using your Chase business card, both you and any additional drivers permitted by the rental agreement are covered against accident or theft. Coverage is primary if the vehicle rental is for business purposes, which means you won’t need to use your personal auto insurance or accept insurance offered by the rental agency.

Rentals of 31 consecutive days or less are eligible. You will also be covered for “reasonable and customary towing charges” and loss-of-use charges incurred by the rental car company. You may reimburse up to the cash value of the vehicle.

Purchase Protection

Chase may repair, replace, or reimburse you for items purchased using your credit card that are damaged or stolen within 120 days of purchase. Coverage is limited to $10,000 per item, or up to $50,000 per year. Some purchases are not included with this coverage, such as purchase of animals, living plants, computer software, collectible items, real estate, medical equipment, perishables, and preowned items.

Extended Warranty Protection

Chase will extend the original manufacturer’s warranty by an additional year on warranties of three years or less up to a maximum of $10,000 per claim and $50,000 per account. To qualify for this, you must have charged a portion of the purchase to your card or used reward points to make the purchase. Items not covered with this protection include computer software, medical equipment, real estate, preowned items, motorized vehicles, and items purchased for resale.

Travel and Emergency Assistance Services

Chase will provide travel, emergency, medical and legal assistance 24 hours a day to the cardholder, their spouse, and dependent children age 22 years or younger. Like with most small business credit cards, this is mostly a concierge service. The cardholder is responsible for the cost of any assistance.

Chase Ink Business UnlimitedSM Alternatives

Capital One® Spark® Cash for Business

Capital One® Spark® Cash for Business

Apply Now

on Capital One® Spark® Cash for Business's secure website.

Fit Small Business Review
Rating 4 4
?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.

Best For: Earning unlimited 2% cash back

Intro APR Regular APR Annual Fee Credit Needed
N/A 20.99% (Variable) $0 intro for first year; $95 after that Excellent, Good
  • Introductory reward worth $500 after you spend $4,500 within the first three months
  • 2% cash back on every purchase
  • Issue employee cards for free
Pros
  • No limit to the amount of rewards you can earn
  • Lucrative welcome offer
Cons
  • Lacks a 0% APR offer
  • Annual fee is only waived for 12 months
  • Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
  • Purchase protection: Covers your new purchases for up to 90 days against damage or theft up to $10,000 per claim.

Capital One® Spark® Miles for Business

Capital One® Spark® Miles for Business

Apply Now

on Capital One® Spark® Miles for Business's secure website.

Fit Small Business Review
Rating 4 4
?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.

Best For: Unlimited 2x miles with every swipe

Intro APR Regular APR Annual Fee Credit Needed
N/A 20.99% (Variable) $0 intro for first year; $95 after that Excellent, Good
  • Introductory reward worth $500 in travel after you spend $4,500 within the first three months
  • 2x miles per $1 spent
  • 5x miles on hotel and rental car bookings through the issuer
  • Issue employee cards for free
Pros
  • No foreign transaction fees
  • TSA Pre✓® or Global Entry application fee credit
Cons
  • You’ll pay an annual fee after the first year
  • Doesn’t offer interest-free financing
  • Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA Pre✓® once every four years.
  • Purchase assurance:  Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
  • Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase. 
  • Travel medical emergency assitance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.

American Express Blue Business® Plus

The Blue Business® Plus Credit Card from American Express

Apply Now

on The Blue Business® Plus Credit Card from American Express's secure website.

See Rates and Fees

Fit Small Business Review
Rating 4.5 4.5
?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.

Best For: Pocketing 2x points per $1 and 0% introductory APR for 12 months

Intro APR ?0% introductory APR for 12 months on purchases Regular APR Annual Fee Credit Needed
0% on purchases 13.24% - 19.24% Variable No annual fee Good, Excellent
  • Earn up to $300 back to boost your business. You can earn up to $100 in the form of statement credits at each of the following merchants: Dell Technologies, DocuSign or FedEx after you make an eligible purchase on your new Card within the first 3 months of Card Membership.
  • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.
  • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • More buying power for your business means more opportunities to earn points. That’s everyday business with the Blue Business Plus Card.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% - 19.24%, based on your creditworthiness and other factors at account opening.
  • No Annual Fee
  • Terms Apply
Pros
  • 0% APR for 12 months on purchases and balance transfer
  • Earn 2x points on all spending
Cons
  • No lucrative welcome offer
  • 2x points rewards are capped at $50,000 in spending
  • Extended warranty protection: American Express will match the length of the original manufacturer’s warranty if it’s less than two years. It provides an additional two years if the original manufacturer’s warranty is between two and five years. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
  • Purchase protection: The issuer will repair, replace, or reimburse you for an item purchased with the card that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per occurrence and $50,000 per account each year.

Bottom Line

The Chase Ink Business UnlimitedSM card is best for businesses that prefer to earn fixed-rate rewards for all spending with no annual fee. This is also best paired with your other Chase credit cards within the Ultimate Rewards program to maximize your redemption value when you redeem for travel. Check out the top credit cards to find other cards that may be a better fit for you.

About the Author

Jordan Tarver

Jordan Tarver is a financial analyst, writer, and editor at Fit Small Business focusing on credit cards and bank accounts. Jordan brings over two years of experience in account management and price analysis in the mortgage industry to Fit Small Business. He is also an accomplished self-published author.

@jordantarv

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