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Ink Business Unlimited® Credit Card: 1.5% rewards everywhere and a stellar welcome bonus

Ink Business Unlimited® Credit Card card art
Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card from Chase offers small business owners simple 1.5% cash back rewards on all their spending, with no caps or bonus categories to worry about. The card carries no annual fee.

The strength of the Ink Business Unlimited® card’s rewards is simplicity: You get 1.5% cash back on all of your spending. Chase markets the card’s rewards as cash back, but the card earns Chase Ultimate Rewards® points behind the scenes, which can be transferred to a premium Ultimate Rewards® card and redeemed for greater value.

The card offers a limited, but useful set of perks including primary auto rental collision damage waiver insurance when renting for business, purchase protection, and extended warranty protection.

card_name welcome bonus:

bonus_miles_full

Click here to learn more and apply.

This card occasionally offers a higher welcome offer, so you might consider waiting for a better offer to come around. The current offer is the card’s business-as-usual offer. The Ink Business Unlimited is marketed as a cash back card, but earns Ultimate Rewards®.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Ink Business Unlimited® Credit Card card art

Chase Ink Business Unlimited® at a glance:
Annual fee: $0
Rewards: 1.5% on every purchase. 5% on Lyft rides through March 2025.
Benefits: Extended warranty. Purchase protection. Primary auto rental collision damage waiver insurance when renting for business.

Ink Business Unlimited® Credit Card at a glance

Here’s what you need to know about the Ink Business Unlimited® Credit Card.

Rewards

5%Lyft
(Earn 5% back on Lyft rides through March 2025)
1%All other purchases
Rewards of the Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card is marketed as a cash back credit card, but it earns Ultimate Rewards® points.

Benefits

Consumer insurance benefits
Extended warranty protection
Purchase protection
Travel insurance benefits
Auto rental collision damage waiver
Baggage delay insurance
Lost luggage reimbursement
Roadside dispatch service
Travel accident insurance
Benefits of the Ink Business Unlimited® Credit Card

Other important terms

Annual fee: $0
Foreign transaction fee: 3%

My take on the Ink Business Unlimited® Credit Card

I love this card and it is my go-to card for most of my small business spending. I get 1.5% cash back (as Ultimate Rewards® points). Since I’m invested in the Ultimate Rewards® ecosystem, I can transfer the points I earn on this card to my Ink Business Preferred® Credit Card and then either use them to book travel through Chase Travel or transfer them to airline partners for business and first class international flights or stays with Hyatt.

Perhaps the biggest advantage of using a small business credit card like the Ink Business Unlimited® over a personal card is that small business cards typically do not report to your personal credit report. While your credit score won’t benefit from having access to the additional credit, in some months, I spend a lot on my business credit cards. And I don’t get hurt by having a high statement closing balance on my business card.

If I could make one wish for the card, it is that the rewards would mirror the Chase Freedom Unlimited®, which offers 3% rewards on dining and drugstores in addition to 1.5% cash back on general purchases.

Bottom line: If you have a small business of any type (and you probably have a small business) you should get this card for your general business spending.

Welcome bonus

card_name welcome bonus:

bonus_miles_full

Click here to learn more and apply.

This card occasionally offers a higher welcome offer, so you might consider waiting for a better offer to come around. The current offer is the card’s business-as-usual offer. The Ink Business Unlimited is marketed as a cash back card, but earns Ultimate Rewards®.

The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Ink Business Unlimited® Credit Card card art

Chase Ink Business Unlimited® at a glance:
Annual fee: $0
Rewards: 1.5% on every purchase. 5% on Lyft rides through March 2025.
Benefits: Extended warranty. Purchase protection. Primary auto rental collision damage waiver insurance when renting for business.

Card rewards

The Ink Business Unlimited® Credit Card offers unlimited 1.5% cash back on every purchase you make for your business. Although the card is marketed as a cash back card, it earns Ultimate Rewards® points, which can be combined across accounts and, if you hold a premium Ultimate Rewards® card, transferred to travel partners.

5%Lyft
(Earn 5% back on Lyft rides through March 2025)
1%All other purchases
Rewards of the Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card is marketed as a cash back credit card, but it earns Ultimate Rewards® points.

How to use Chase Ultimate Rewards points

The Ultimate Rewards® points you earn with your card can be transferred between your cards. If you hold multiple cards that earn Ultimate Rewards®, you can earn points on one card and use the enhanced redemption options of another card.

Here are the best Ultimate Rewards® redemption options by card:

Cards with no annual feePremium cardsHigh-tier premium cards
Chase Freedom Flex card art Chase Freedom Unlimited® card art
Ink Business Cash® Credit Card card art Ink Business Unlimited® Credit Card card art
Chase Sapphire Preferred® Card card art Ink Business Preferred® Credit Card card artChase Sapphire Reserve® card art
Chase Freedom Flex
Chase Freedom Unlimited®
Ink Business Cash®
Ink Business Unlimited®

Chase Sapphire Preferred®
Ink Business Preferred®
Chase Sapphire Reserve®
Cash back
1 cent per point
Travel through Chase Travel℠100% of cash value125% of cash value$150 of cash value
Transfers to travel partners
See list of transfer partners below.
Gift cards
1 cent per point, with occasional sales on select brands
Useful reward redemption options on Ultimate Rewards® credit cards

The Ink Business Premier® Credit Card is marketed as an Ultimate Rewards® card, but it doesn’t allow you to transfer points to other cards, so it is not included in this table.

Ultimate Rewards Transfer partners

Point transfers to Ultimate Rewards® transfer partners are widely believed to be the best way to get the most value from your Chase points. When you transfer points to a partner, your Ultimate Rewards® become point in that partner’s loyalty program. You can then redeem your points for awards offered by a partner loyalty program. Point transfers cannot be reversed, so be sure you know what you’re going to use your points for before transferring them.

Here are the airlines and hotels you can transfer to if you hold a premium Ultimate Rewards® credit card:

Transfer partnerProgram highlights
Air Canada AeroplanEasy-to-use Star Alliance awards, with the option to spend extra miles to make flights cancelable.
Air France-KLM Flying BlueGreat for monthly Flying Blue promo awards.
Avios
Aer Lingus AerClub
British Airways Executive Club
Iberia Plus
Distance-based programs with good value on shorter flights like USA-Ireland (AerClub) and short-haul flights on Oneworld partners (Executive Club).
Emirates SkywardsOne of the few ways to book Emirates first class with points.
JetBlue TrueBlueReward prices tied to cash prices of tickets, usually around 1.3 cents per point.
Singapore Airlines KrisFlyerOne of the few ways to book Singapore first class tickets with points.
United MileagePlusGood value off-peak international economy awards. Generous award change/cancel policies.
Virgin Atlantic Flying ClubSome opportunities to book good-value premium cabin awards with partners.
IHG One RewardsOffers a fourth night free on point redemptions if you hold an IHG-branded credit card, but generally not a good use of Ultimate Rewards® points.
Marriott BonvoyMay be a reasonable use if you need just a few points to top off an award, but generally not a good use of Ultimate Rewards® points.
World of HyattOffers excellent redemption value at some properties due to its award chart.
Airline and hotel transfer partners of Ultimate Rewards®
Redemptions options you shouldn’t use

The table above shows you the best Ultimate Rewards® redemption options. But there are some ways to redeem points that provide less value. Here are the redemption options you should avoid:

  • Most gift card redemptions only offer 1 cent per point. You’re not getting any additional value and you’re giving up the flexibility of cash when you redeem for gift cards. Only redeem for gift cards when select brands are on sale.
  • Pay with points usually offers less value than 1 cent per point. You can get more value from your points through a cash back redemption.
  • Shop with Apple only offers 1 cent per point. If you use your points for cash back and charge your Apple purchases to your card, you can earn rewards for your purchases.
  • Chase Dining only offers 1 cent per point. Use your points for cash back instead and get rewards on your dining purchases.

Benefits of the Ink Business Unlimited® Credit Card

In addition to earning 1.5% cash back on all your spending, the Ink Business Unlimited® Credit Card offers a limited suite of benefits for small business owners who travel or purchase durable goods using the card.

Consumer insurance benefits
Extended warranty protection
Purchase protection
Travel insurance benefits
Auto rental collision damage waiver
Baggage delay insurance
Lost luggage reimbursement
Roadside dispatch service
Travel accident insurance
Benefits of the Ink Business Unlimited® Credit Card

Consumer insurance benefits

Many cards offer consumer insurance benefits that can protect the things you buy. Here are the consumer insurance benefits offered by the Ink Business Unlimited® Credit Card. Terms and restrictions apply to all benefits.

Extended warranty provides additional warranty coverage on items you purchase with your card. Chase extended warranty protection extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.

Purchase protection protects the things you buy with your card from damage or theft for a certain amount of time after you buy them. Chase purchase protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

Travel insurance benefits

Cards targeted toward travelers often offer travel insurance benefits that can protect you when you are traveling away from home. Terms and restrictions apply to all benefits.

Auto rental collision damage waiver protects you against damage to or theft of your rental vehicle. For coverage to apply, you need to reserve and pay for your vehicle using your card and decline your car rental company’s collision damage waiver. The coverage provided by your Chase Ink Unlimited is primary when renting for business purposes. 

Baggage delay insurance – Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days.

Lost luggage reimbursement offers reimbursement if your bags are lost, damaged or stolen while traveling on a common carrier. Coverage is included up to $3,000 per passenger.

Roadside dispatch service provides a single number that you can use to get connected to local providers for roadside services like towing, lockout service, tire changes, fuel delivery, and more. Services are provided for a pre-negotiated, per-service fee. 

Travel accident insurance pays set benefit amounts for loss of life or limb while traveling, as long as you book your common carrier tickets with your card. Chase travel accident insurance provides coverage both while being transported by a common carrier and during your trip.

About the author

  • Aaron Hurd

    Aaron Hurd is a credit card, travel rewards, and loyalty program expert. Over the past 15 years, he has authored over a thousand expert contributions published by leading outlets including WSJ, TIME, Newsweek, Forbes, NerdWallet, The Points Guy, Bankrate, CNET, and many others. He has also served in consulting roles for many of these same outlets, designing content strategy, hiring teams of teams of editors and contributors, developing thought-leadership pieces, and ghost-editing for senior editors. Aaron is well-known in the miles and points community and regularly presents about travel rewards at conferences like the Chicago Seminars and Minnebar. Aaron has enjoyed the game of optimizing credit card rewards since getting his first credit card shortly after he turned 18. He started learning about credit cards and travel rewards from the (now defunct) FatWallet Finance forums and FlyerTalk. He holds more than 40 open credit cards and has first-hand experience with almost every major credit card product.

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