AwardWallet receives compensation from advertising partners for links on the blog. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Here's our complete list of Advertisers.
We love best-ever welcome bonuses. And we love them even more when they come from cards with no annual fee. And if you want to grab a best-ever welcome bonus on a no-fee card, look no further than the Ink Business Unlimited® Credit Card (Rates & Fees).
This card is currently offering $1,000 cash back after you meet the minimum spending requirements.
While the bonus is advertised as cash back, you can redeem it for far more than the face value if you hold a qualifying Chase card. That's because you can combine your cash back into Ultimate Rewards points.
Let's take a closer look at this Ink Unlimited offer.
- Earn
$750$1,000 bonus cash back after you spend $8,000 on purchases in the first 4 months from account opening - Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Earn 5% total cash back on Lyft rides through 9/30/27.
- Member FDIC
- Earn unlimited 1.5% cash back on every purchase made for your business
Why Should You Get the Ink Unlimited?
The Ink Unlimited is perfect for small business owners who like simplicity. It offers a competitive 1.5% cash back on all purchases while charging no annual fee alongside offering a few useful travel and purchase protection benefits.
And to top all that off, new applicants can take advantage of a $1,000 bonus after you spend $8,000 on purchases in the first 4 months from account opening.
What is the Ink Unlimited sign-up bonus worth?
At face value, the Ink Unlimited‘s sign-up bonus is worth $1,000.
However, this offer can be worth far more than $1,000 if you pair your rewards with a premium Ultimate Rewards card, such as the Chase Sapphire Preferred® Card (Rates & Fees), the Chase Sapphire Reserve® (Rates & Fees), or the Ink Business Preferred® Credit Card (Rates & Fees).
If you can maximize Chase's travel partners after combining your rewards, the Ink Unlimited‘s welcome offer is worth closer to $2,000 — based on the 2.02¢ apiece rate AwardWallet users typically redeem Chase points for.
Ink Unlimited key benefits
For a no-annual-fee card, the Ink Business Unlimited® Credit Card has a decent assortment of benefits. Some of the top examples include:
- 0% Intro APR on Purchases for the first 12 months, then a Variable APR of 16.74% - 24.74%
- Employee cards at no additional cost
- Earn unlimited 1.5% cash back on every purchase made for your business. That means there's no need to keep track of spending categories.
- Primary rental car theft and collision damage coverage
- Purchase protections including 120 days of damage and theft protection and one year of extended warranty protection
Related: Ink Unlimited Full Review
Does the Ink Unlimited Earn Points or Cash Back?
The Ink Unlimited earns Ultimate Rewards points. However, these points can't be transferred to Chase's airline and hotel transfer partners — unless you combine points with one of several other Ultimate Rewards cards (see below).
If you only hold the no-annual-fee Ink Unlimited, you can redeem these points for:
- Up to 1.25¢ per point for eligible purchases through Pay Yourself Back
- 1¢ per point as cash back (statement credit or direct deposit), gift cards, and travel booked through the Chase Travel℠ portal
- 0.8¢ per point toward Amazon purchases
However, Chase lets cardholders to combine points between different accounts — including between business and personal accounts. That means you can transfer the points earned from the Ink Unlimited welcome offer to Ultimate Rewards partners if you have one of these cards:
- Chase Sapphire Preferred® Card (Rates & Fees)
- Chase Sapphire Reserve® (Rates & Fees)
- Ink Business Preferred® Credit Card (Rates & Fees)
- Sapphire Reserve for Business℠ (Rates & Fees)
Combining points with one of the above cards will also make your points more valuable for booking travel through the Chase Travel portal. Instead of redeeming at 1¢ per point, you'll get up 2¢ apiece, depending on which card you hold. In short, the no-annual-fee Ink Unlimited is even better when paired with another Ultimate Rewards-earning card.
$95Rates & Fees
- 5X points on Lyft rides through September 2027
- 5X points on travel purchased through Chase Travel℠
- 3X points on dining at restaurants worldwide
- 3X points on gas and EV charging
- 3X points on vacation homes at top brands like Airbnb, Vrbo and more
- 3X points on eligible streaming services
- 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 2X points on all other travel
- 1X point per dollar spent on all other purchases
$795Rates & Fees
- 8x points on all purchases through Chase Travel℠
- 4x points on flights and hotels booked directly
- 3x points on dining worldwide
- 1x points on all other purchases
$795Rates & Fees
- 8X points on all Chase Travel℠ purchases
- 5X total points on eligible Lyft rides through 9/30/2027
- 4x points on flights and hotels booked directly
- 3x points on advertising purchases made with social media platforms and search engines
- 1 point per dollar on all other eligible purchases
Ink Unlimited Application Restrictions
In addition to your overall creditworthiness, Chase can restrict Ink card approvals based on its unpublished 5/24 policy.
Chase applies this policy to all Chase personal cards and generally applies this policy to Ink business cards as well. That means you'll want to check your 5/24 status to ensure you're under 5/24 before applying. If you're under 5/24, you should be eligible for the Ink Unlimited.
Business credit cards generally don't count toward your 5/24 status. As the Ink Unlimited is a small business card, opening it won't hurt your 5/24 status for future Chase applications.
Also, note that Chase typically won't approve applicants for more than two personal credit cards within a 30-day period or more than one business credit card within a 90-day period. There are also specific terms that determine who is eligible for the welcome bonus:
“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.”
Bear these rules in mind if you're considering applying.
Related: Understanding Rewards Credit Card Application Rules and Restrictions
Our Take
Earning a 100,000-point (or $1,000) bonus on a no-annual-fee card is simply incredible. This bonus is the highest sign-up bonus we've ever seen Chase offer for the Ink Unlimited.
In fact, this is one of the highest sign-up bonuses we've seen on any of Chase's no-annual-fee cards! And if you're eligible, this isn't one to let slip away.
- Earn
$750$1,000 bonus cash back after you spend $8,000 on purchases in the first 4 months from account opening - Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Earn 5% total cash back on Lyft rides through 9/30/27.
- Member FDIC
- Earn unlimited 1.5% cash back on every purchase made for your business
For rates and fees of the cards mentioned in this post, please visit the following links: Ink Business Unlimited® Credit Card (Rates & Fees), Chase Sapphire Preferred® Card (Rates & Fees), Chase Sapphire Reserve® (Rates & Fees), Ink Business Preferred® Credit Card (Rates & Fees), and Sapphire Reserve for Business℠ (Rates & Fees)
