I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
Chase is out with a brand new business card. The Chase Ink Business Unlimited Credit Card is a no annual fee Visa. And it’s a great opportunity for bonus the initial bonus offer and for spending.
- Initial Bonus: $500 after you spend $3,000 on purchases in your first 3 months of cardmembership.
- Earning: 1.5% back on all purchases.
Chase advertises this as $500 — but it’s also 50,000 points. And the 1.5% cash back is also 1.5 points earned per dollar on all of your spending.
If you want cash, that’s great. If you want points that transfer to miles the The Blue Business℠ Plus Credit Card from American Express does earn 2 American Express Membership Rewards points per dollar — so better than 1.5x — but that’s limited to $50,000 spend in a year. This is uncapped.
So what I love this card for is 50,000 points on a no annual fee card, most no annual fee cards have low signup bonuses. And I love it for large amounts of spending since 1.5x earning is uncapped.
If you have a Chase Sapphire Preferred Card or an Ink Business Preferred℠ Credit Card, transfer the points from your Ink Business Unlimited to that card, and then the points can be transferred to airline miles or hotel points.
- Airlines: United, Singapore Airlines, British Airways, Southwest, Air France KLM, Iberia, Aer Lingus, Virgin Atlantic, Korean Air
- Hotels: Marriott, Ritz-Carlton, Hyatt, IHG
Park Hyatt Hadahaa, Maldives
This strategy — using this card alongside a Chase card whose points transfers to miles — mean you’d never need to earn fewer than 1.5 points per dollar on all of your spending. It’s the small business equivalent of Chase’s Freedom Unlimited.
I value Chase points at 1.9 cents apiece. Conceived that way — as transferrable points when you have a card like Chase Sapphire Preferred Card or an Ink Business Preferred℠ Credit Card as well — the signup bonus becomes worth $950 and the return for your ongoing spend becomes worth 2.85%.
I imagine this card will fall under Chase’s 5/24 rule, meaning they are looking for customers who have opened four or fewer new cards within the last 24 months, although I’m very interested in any data points or experiences here.