JUST LAUNCHED: New No Annual Fee Chase Card With $500 Signup Bonus

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New! Ink Business Unlimited(SM) Credit Card

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.

New! Ink Business Unlimited(SM) Credit Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

Comments

  1. It’s a nice card with good utility on general spending. Given that Chase is shutting down existing cardholders with little to no warning or explanation for applying for a new card, what course of action would you suggest for current cardholders like myself that already have multiple cards? I want the card, but Chase acting weird scares me.

  2. I am guessing that this business card will not count against your 5/24 after being approved?

  3. What is this about Chase shutting down existing cardholders with little/no warning or explanation? I have 3 Chase cards that I use regularly and another to that I haven’t used for months.

  4. i just applied, and got the dreaded 30 day letter notice, so i would guess that 5/24 DOES count, since my credit score is 836+

  5. @Kay Spena – Doctor of Credit has a pretty thorough post on this, although it’s a few weeks old. Basically, Chase is shutting some customers down that have multiple cards and apply for a new card. For instance, I have 4 business and 6 personal Chase cards, so I’m unlikely to want to draw scrutiny by applying for more. With 3 cards, you should be fine applying for a couple more. Since Gary hasn’t responded to my inquiries along this line, I can only guess that there’s a rational reason that he’s not warning people with lots of Chase cards to beware. I’d think that the reason is that he’s legally constrained in some fashion, since Gary is normally quite ethical. JMTC.

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