The much anticipated Chase Ink Business Unlimited Credit Card has been released. This is a no annual fee card that will earn you 1.5x points on every single purchase. It is similar to the Chase Freedom Unlimited card, just the business version. Not only is this a great card to use for every day purchases, it is currently offering an extremely favorable sign up bonus of 75,000 Ultimate Reward points. This is an awesome offer for a no annual fee card, especially since Chase Ultimate Reward points come with a high value.
- Chase Ink Business Unlimited:Â Earn 75,000 Chase Ultimate Reward points after you spend $7,500 on the card within the first 3 months after account opening. No annual fee.
Keep in mind that this is advertised as $750 cash back, where you can redeem your Chase Ultimate Reward points for cash back (75,000 points = $750 cash back) or you can pick a few other ways to redeem your points and potentially get a much better value (read below).
Earning Points
You’ll earn a fixed 1.5 points on every single purchase. There are no increased bonus categories for this card, so this is a great card to use on purchases that typically do not fall into any increased point earning category. Ultimately a great card for your everyday purchases! While the card advertises 1.5% cash back, you are really earning 1.5x Chase Ultimate Reward points and you can either redeem your points for cash back (thus 1.5% cash back) or transfer your points to another “premier” Chase Ultimate Reward earning credit card (more below). There is no maximum to the number of points you can earn either!
Redeeming Points
There are two different types of Chase Ultimate Rewards accounts – ones that earn “premier†points and ones that earn “limited†points. The credit cards that carry an annual fee earn “premier†points, while the no annual fee cards earn “limited†points. Since this card carries no annual fee it earns limited points which means you cannot directly transfer to a partner loyalty program. However, if you have a “premier” account, you can currently transfer your points from this card to your premier card and then transfer your points to a partner program that way. Some partner loyalty programs include: Hyatt, British Airways, United, Marriott, etc. I personally like to use my points by transferring them partner programs as I get much more value out of my points – at least 2 cents per point. Since this card earns 1.5x points on every purchase, for me personally this is like getting a 3 cent per point value on all purchases made. Although about a month ago a rumor popped up that Chase is eventually going to close the gap and not allow you to transfer points between accounts. There is no confirmed evidence of this, so I suggest applying and earning the bonus points quickly and immediately transferring to another account just in case. 
If you do not have a premier earning card, your points earned are worth a fixed 1 cent per point. So with this card, since you earn 1.5x points, you can think of it as getting 1.5% cash back on every single purchase.
Overall…
This is a great card and offer that I highly suggest looking into. I will absolutely be applying for this card soon. While this is a business card, you can still apply even if you do not have a registered business – just use your Social Security number. You might even have a business (Sole Proprietorship) without realizing it, such as selling items on eBay, having a blog, tutoring, etc. And while this card most likely falls within Chase’s “5/24” rule, it will not count against the number of cards you’ve been approved for this. This means if you are less then 5/24 you are eligible for the card and it will not increase your number when applying for other cards. So always make sure to apply for business credit cards prior to personal cards.
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Are you seeing any speculation out there on a Chase Ink Reserve? That would seem to complete the parity with the personal card lineup. Also, this would seem to be a pretty “average” bonus for a brand new card. Would you recommend waiting and seeing?
@Gerry – You never know! But I personally haven’t heard of anything. I actually think this is a great bonus for a no annual fee card. The other Chase Ink no annual fee card (the Chase Ink Cash) was usually offering somewhere between 20,000-30,000 points and just upped the offer to 50,000 points which is the highest it has ever been. Maybe one day we’ll see a limited time 60k offer, but I really doubt it.