Chase Ink Business Unlimited

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Chase Ink Business Unlimited
50K points
50K after $3K spend in 3 months
Click here to learn more and compare this card to others

$0 Annual Fee

FM Mini Review: Great to earn 1.5X Ultimate Rewards in categories with no bonuses. Excellent companion card to Ink Business Preferred, Sapphire Reserve or Sapphire Preferred!


Card Type: Visa Signature Business

Base

Earning rate: 1.5X on all purchases.

Note: This card is known to be subject to Chase's 5/24 rule.

See also: Transferable points programs

Overview

The Business Unlimited may be the single best business card for non-bonused spend. It has no annual fee, and it earns 1.5 valuable Ultimate Rewards points per dollar. One downside is that this card does charge a foreign transaction fee, so you should use other cards when travelling.

Rewards

Even though this card is advertised as a cash back card, it really earns Ultimate Rewards points. $500 in "cash back" is really 50,000 Ultimate Rewards points that can be redeemed for $500 in cash back.

Chase Ultimate Rewards points are super valuable and super flexible. At the most basic level, points can be redeemed for cash or merchandise, but you'll only get one cent per point value that way. A better option is to use points for travel. When points are used to book travel through the Ultimate Rewards portal, points are worth 1.25 cents each with premium cards (Sapphire Preferred or Ink Business Preferred, for example) or 1.5 cents each with the ultra-premium Sapphire Reserve card. Another great option is to transfer points from a premium or ultra-premium card to an airline or hotel program when high value awards are available (see this post for details). If your points are tied to a no-fee "cash back" Ultimate Rewards card, then first move those points to a premium or ultra-premium card before redeeming them in order to get better value.

Perks

  • Primary rental car theft and collision coverage when renting for business purposes.
  • 120 day purchase protection against damage or theft
  • One-year extended warranty on eligible warranties

Application Tips


Chase Application Tips


  • Shut-Down Caution: Signing up for new Chase cards can lead to Chase reviewing your accounts. This may lead to Chase shutting down all of your accounts if you appear to be a credit risk. See this post for details and recommendations: Why Chase shutdowns have increased and how to avoid them.

  • 5/24 Rule: With most Chase cards, you won't get approved if your credit report shows 5 or more cards opened in the past 24 months. Details here.

  • 24/48 Month Rule: With most Chase cards, you can get the same card and bonus again 24 months after having received the bonus as long as you no longer have the card open. With Sapphire cards, you must wait 48 months. No wait is required for Chase Ink cards.

  • 30 Day Rule: It is tough to get approved for more than 2 Chase cards within 30 days

  • Get Same Card Again: You can get the same exact card and again if you first cancel the older card and follow the 24/48 month rule. Ink cards are OK to get again without cancelling previous card if you apply with a new business.

  • Better Offers: You may be able to get a better offer than the best available public offer. Details here.

  • Hard inquiries combine into 1 when approved same day (not always true when mixing business and personal)


Call (888) 338-2586 to check your application status
If denied, call reconsideration here:1-888-270-2127 for both personal and business cards;
or 800-527-7415 for the Ritz card


This card is subject to 5/24, and you must have a business to apply. Unlike many other Chase cards, though, you CAN get the bonus on this card again even if you still have the same card open and/or received the bonus within 24 months.
Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months.

To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status. An even easier option is to track all of your cards for free with Travel Freely.
Applying for Business Credit Cards

Yes, you have a business: In order to sign up for a business credit card, you must have a business. That said, it's common for people to have businesses without realizing it. If you sell items at a yard sale, or on eBay, for example, then you have a business. Similar examples include: consulting, writing (e.g. blog authorship, planning your first novel, etc.), handyman services, owning rental property, renting on airbnb, driving for Uber or Lyft, etc. In any of these cases, your business is considered a Sole Proprietorship unless you form a corporation of some sort.

When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.

Is it OK to use business cards for personal expenses? Legally, it's fine. And, anecdotally, almost everyone I know uses business cards for personal expenses. That said, the terms in most business card applications state that you should use the card only for business use. Also, some consumer credit card protections do not apply to business cards. My advice: don't use the card for personal expenses if you're not comfortable doing so.

If your application is denied: Call Chase’s reconsideration line to ask them to reconsider the decision. If you find that they denied you due to having opened 5 or more cards in the past 24 months, then make sure they are not counting any authorized user cards in your name. You may have to talk to a supervisor to get this done.

Another option is to ask your Chase banker in-branch to submit a special reconsideration form for you. Details about this form can be found here: Chase Special Consideration [Now for business cards only].

How to Meet Spend Requirements

Once you are approved for this card, you have three months to meet the required spend in order to get the signup bonus. With Chase, they’ll often actually give you more time: up to 115 days. If you think you’ll need more than 3 months to get it done, I recommend contacting Chase through secure message to ask for an exact date by which you must complete the spend.

You’re not supposed to use business credit cards for personal purchases, but it is quite common to do so. If you feel comfortable doing so, use the new card for all of your usual spend.

If your usual spend isn’t enough, consider paying a small fee to use your card to pay bills that can’t usually be paid by credit card, or to pay taxes, etc. See this post for many options for increasing credit card spend.

Keep or Cancel?

Keep! Since this card has no annual fee, there's no reason to cancel it. Plus, if you plan to cancel other Chase Ultimate Rewards cards, you can preserve your points by moving them to this card first.

Related Cards (Ultimate Rewards)

Chase Ink Business Preferred Card
80K points
80K after $5K spend in 3 months

$95 Annual Fee

Recent better offer: This is the best public offer we've seen. A 100K offer is sometimes available in-branch through a Business Relationship Manager.

Chase Ink Business Unlimited
50K points
50K after $3K spend in 3 months

$0 Annual Fee

Chase Ink Business Cash Credit Card
50K points
50K after $3K spend in 3 months

$0 Annual Fee

Recent better offer: None. This is the best we've seen.

Chase Sapphire Preferred Card
50K points
50K after $4K spend in the first 3 months

No Annual Fee First Year, Then $95

Alternate offer: Some people have been targeted for a 65K offer. See this post for more details.

Chase Sapphire Reserve Card
50K points
50K after $4K spend in 3 months

$450 Annual Fee

Recent better offer: 100K after $4K spend in 3 months, last seen 3/11/2017 in-branch

Chase Freedom Unlimited
20K points
20K after $500 spend in 3 months

$0 Annual Fee

Chase Freedom®
15K points
15K after $500 spend in 3 months

$0 Annual Fee

Last updated on May 30th, 2018

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Nick ReyesBiggie FGreg The Frequent MilerPointsYakphil Recent comment authors

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phil
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phil

Can you show me proof that one can get a 2nd bonus w/in 24 months? At the bottom of the application page it has the “24 month” language. You really need to correct/delete this information.

Greg The Frequent Miler
Admin

Lots of people have reported success with it. It seems that the language on the Chase landing page is what matters, not the language on the application itself. You are correct that the application itself says “I understand that any new cardmember bonus offers for this product are not available to either current or previous cardmembers of this product who received a new cardmember bonus for this product in the last 24 months,” but I suspect that they put that there automatically for all cards. What really matters is the landing page under “Offer Details”. The 24 month language is not on the Offer Details page.

PointsYak
Guest
PointsYak

“Lots of people have reported success with it.”

I’ve never seen a single data point of anyone who’s applied for an Ink card and been approved using the same EIN unless they satisfy the language I quoted above. Not a single one.

The only positive data points I’ve seen are from those using different EINs.

Greg The Frequent Miler
Admin

I didn’t say that people used the same EIN, but I know of at least one confirmed case where someone did. I always recommend using a different business.

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Biggie F
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Biggie F

I understand that one has to be under 5/24 to apply for this card. But does it subsequently count toward 5/24?