Link: Learn more about the Ink Business Unlimited® Credit Card with 75K bonus points
The Ink Business Unlimited® Credit Card is part of the Chase Ink Business card portfolio, and is one of the best no annual fee cards out there. In this post, I’d like to go over the details of the best welcome offer that’s currently available on the card, and talk about how that compares to past offers on the card.
Best Chase Ink Unlimited Card welcome bonus details
The Chase Ink Unlimited Card is currently offering a welcome bonus of 75,000 points after spending $6,000 within the first three months. You’ll see that the bonus is marketed as offering cash back, rather than points, so it’s described as a $750 bonus. Indeed, you could redeem the rewards as cash back.
However, if you have the card in conjunction with a card earning Ultimate Rewards points, like the Chase Sapphire Preferred® Card (review), Chase Sapphire Reserve® Card (review), or Sapphire Reserve for Business℠ (review), then rewards can be transferred to Ultimate Rewards airline and hotel partners. Since I value Ultimate Rewards points at 1.7 cents each, that increases the value of the points by 70% right there, as far as I’m concerned.
I consider the 75,000 points to be worth $1,275. That’s a good bonus, especially for a no annual fee card. For what it’s worth, in the past we’ve seen limited time welcome offers on this card as high as 90,000 points, but it has been several months since we’ve seen such an offer.
Who is eligible for the Chase Ink Unlimited Card bonus?
When it comes to getting approved for the Chase Ink Unlimited Card and earning the welcome bonus, what rules should you be aware of? Well, there are the card specific policies, and then also the more generic Chase policies. When you pull up the application, you’ll see the following terms:
The new cardmember bonus may not be available to you if you have ever had this card or any other Chase for Business card without an annual fee. We may also consider factors pertinent to your business in determining your bonus eligibility.
As you can see, officially the welcome bonus isn’t available to you if you’ve had this exact card, or another Chase business card without an annual fee, including the Ink Business Cash® Credit Card (review). So there is an element of cards being mutually exclusive.
However, the key here is that you “may” not be eligible, and not that you absolutely won’t be eligible. I don’t love that level of vagueness, though the good news is that if you apply for the card and aren’t eligible for the bonus, you should receive a pop-up message informing you of this, before there’s a hard pull. So that at least means the downside of applying is limited.
The good news is that eligibility for the bonus is completely unrelated to whether you have a Chase business card with an annual fee, like the Ink Business Preferred® Credit Card (review) or Sapphire Reserve for Business℠ (review).
It’s fine to apply for Chase business cards as a sole proprietorship, corporation, etc. If you apply as a sole proprietorship, you can just enter your Social Security Number in the section where you’d otherwise put your EIN.
Beyond that, there are some general Chase rules to be aware of:
- This card may be subjected to Chase’s 5/24 rule, which is to say that you may not be approved if you’ve opened five or more new card accounts in the past 24 months (this excludes many business cards); however, there are increasingly data points that this rule is no longer consistently enforced
- It’s generally considered a best practice to not apply for more than one Chase business credit card every 30 days, so I’d recommend observing that limit when applying
Why the Chase Ink Unlimited Card is worth it
The Chase Ink Unlimited Card has no annual fee, and there are several reasons to consider picking it up. The way I view it, there are a few points that are most important.
For one, the card has a solid rewards structure, as it offers a minimum of 1.5x points on all spending, making it one of the best Chase cards for everyday spending. Furthermore, the card offers primary rental car coverage, which can come in handy if you rent cars with any frequency, and is incredibly rare for a no annual fee card.
Also, since the card has no annual fee, there’s really no opportunity cost to holding onto it, and it allows you to create a great portfolio of cards to maximize rewards.
Read my review of the Chase Ink Unlimited Card.
Chase Ink Unlimited Card welcome bonus FAQs
Currently the highest publicly available welcome offer on the Chase Ink Unlimited is for 75,000 bonus points upon completing minimum spending, worth at least $750. The best publicly available bonus I ever recall seeing on the card was for 90,000 bonus points, but that’s not currently available.
The Chase Ink Unlimited generally follows a “once in a lifetime” rule when it comes to earning the bonus, so you may not be eligible for the bonus on the card if you have or have had this card, or another Chase no annual fee business card, in the past.
You’ll have to contact Chase to see what’s available to you, but it’s generally possible to product change between Chase business cards in the same portfolio, assuming you’ve had a card for at least 12 months. However, if you product change to a card, you wouldn’t receive the welcome bonus, so there’s a big incentive to apply outright.
The Chase Ink Unlimited is a business card, so it follows the same rules as most Chase business cards. It’s possible to apply for the card as a sole proprietorship, in which case you’d use your Social Security Number as the business ID during the application process. More people are eligible for business cards than you may assume.
Bottom line
The Chase Ink Unlimited Card is one of the most lucrative no annual fee cards out there, and it’s currently offering a welcome bonus of 75,000 points upon completing minimum spending.
Not only does the card have a great bonus, but it offers rewards that can make it worth holding onto, like 1.5x points on everyday spending, plus rental car coverage. If you’re eligible for this card, I think there’s a lot of merit to picking it up.
Do you have the Chase Ink Unlimited Card, and if so, what has your experience been?
