Chase Ink Business Unlimited live w/ 50K points

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The Chase Ink Business Unlimited has gone live for new applications, with an intro signup bonus of 50,000 Ultimate Rewards points after spending $3,000 in the first 3 months. That’s a fantastic signup bonus for a card with no annual fee and 1.5x earning structure everywhere (which becomes more valuable than the advertised 1.5% back when paired with another premium Chase card). We have added a direct link to our Best Offers page.

The Offer

Key Card Details

  • Earn 1.5x everywhere (1.5% back)
  • No annual fee

Quick Thoughts

This is an awesome offer for a card with no annual fee and matches the current opening offer on the Chase Ink Cash. While some people had speculated that the Chase Ink Cash would be discontinued upon the release of this card, Greg argued that Chase is releasing this card in order for its personal and business portfolios to more closely mirror each other (See: Chase’s new 50K offer and their evolving Ultimate Rewards lineup).

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? 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.

While we do not yet have a large number of data points, it is certainly expected that this card will be subject to 5/24 — meaning that if you have opened 5 or more new accounts in the past 24 months, you are not likely to be approved.

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. The easiest option is to track all of your cards for free with Travel Freely.

Those under 5/24 would have to consider the signup offer here against those available on the Chase Ink Cash and Chase Ink Business Preferred. In addition to comparing earning structures, those under 5/24 might also consider whether it makes more sense to open a Chase Ink Business Preferred for its larger signup bonus and later product change it if you find that the earning structure of the Ink Cash or Ink Business Unlimited better suits you. On the other hand, if you already hold the Ink Business Preferred, this new Ink Business Unlimited might be just the offer you need to add some life to your Ultimate Rewards portfolio.

H/T: Miles to Memories

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