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Basic cash back card for small business owners

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If you own a small business, a business credit card can help you track your finances and earn additional benefits. While some business credit cards can have high annual fees, this credit card has no annual fee at all, making it a good choice for freelancers and other small business owners on a tight budget .

Plus, the Chase Ink Business Unlimited card offers additional perks like promotional APR offers on new purchases and flat-rate cash back on purchases.

  • Annual fee: $0

  • welcome offer: Get $750 cash back when you spend $6,000 or more on purchases within the first 3 months of opening your account

  • reward: Unlimited 1.5% cashback on every business purchase

  • Recommended credit score: Good to Excellent (670 – 850)

Unlike other major business credit cards, the Chase Ink Business Unlimited card doesn’t have a , so it doesn’t cost you anything to sign up and keep the card. You can also get additional cards for your employees without paying extra.

With the Chase Ink Business Unlimited card, new cardmembers can earn a $750 bonus when they spend $6,000 or more on new purchases or services within three months of account opening. Once you meet the spending requirements, the bonus will be credited to your account within 6-8 weeks.

The Chase Ink Business Unlimited card has an introductory APR offer on new purchases. You can enjoy 0% APR for 12 months from your account opening date. After that, you’ll enjoy a standard purchase variable APR of 18.49% to 24.49%. With the promotional APR, you can finance a large business purchase, like buying a new office chair, laptop, or copier, and pay it off interest-free for one year.

While some cards have complex rewards structures, the Chase Inc. Business Unlimited Card is simple with 1.5% cash back on all business purchases.

The Chase Ink Business Unlimited card is a great option for business owners who don’t want to worry about changing bonus categories or changing cash back percentages. Earn a flat 1.5% cash back on every purchase, so you can use it to buy office supplies, electronics, or pay for internet services to earn cash back rewards.

Cashback rewards can be redeemed in the following ways:

  • cash: You can redeem your points rewards for statement credits or have them deposited directly into your checking or savings account.

  • gift card: Redeem your points for gift cards from major restaurants and retail chains.

  • trip: You can use your points to book flights, hotel stays, and cruises through the Chase Travel portal.

  • Pay with points: Some retailers allow you to use your points to pay for all or part of your purchase at checkout.

When you redeem your points for cash, gift cards or travel, each point is worth 1 cent, but if you use your points to pay for items at checkout, they may be worth less.

Despite having no annual fee, the Chase Ink Business Unlimited Card offers some valuable benefits.

  • Auto Rental Collision Damage Waiver: If you decline the rental company’s coverage and pay for the rental with your card, you’ll get collision damage insurance for your rental car for free.

  • Extended Warranty Protection: For eligible purchases with a warranty period of three years or less, Chase will automatically extend the warranty period by one year.

  • Purchase Protection: New purchases are protected against damage or loss due to theft up to $10,000 per claim and $50,000 per account for 120 days from the date of purchase.

  • Roadside assistance: The Chase Ink Business Unlimited card offers no-fee roadside assistance, which can help if your car breaks down and you need a tow or a spare tire.

  • Travel and emergency assistance: If you need legal referrals or medical assistance while traveling, you can contact Chase’s Travel and Emergency Assistance Hotline for recommendations.

The Chase Ink Business Unlimited card is perfect for freelancers, independent contractors, and small business owners who want a basic rewards card with no annual fee. You earn a simple cash back percentage on all purchases and can redeem points for cash, travel, and gift cards. This card also offers additional benefits like rental car insurance and roadside assistance.

Business owners who tend to spend more on certain categories, such as dining out with clients or business trips, may be better off using a rewards card that offers a higher return percentage in those categories.

  • No annual fee: The Chase Ink Business Unlimited card has no annual fee, so you don’t have to pay any fees just to keep the card in your wallet.

  • Easy Rewards: Depending on the card, the benefits and point redemption programs can be complex and difficult to understand. The Chase Ink Business Unlimited card is simpler and has easier redemption options.

  • Added travel perks: This card has a surprising amount of benefits for a no-annual-fee card, including rental car insurance, extended warranties, and purchase protection.

  • Foreign transaction fees apply: If you travel to other countries for work, be aware that this card has a 3% foreign transaction fee.

  • New Cardmember Rewards High Purchase Requirements: To qualify for the new cardmember bonus, you must spend at least $6,000 on new purchases within a three-month period. For freelancers and small business owners, meeting that spending requirement can be difficult.

  • There is no promotional APR for balance transfers: The Ink Business Unlimited card offers a promotional APR on purchases but does not offer a 0% APR on balance transfers.

Payments can be made online, through the Chase mobile app, by calling customer support, or by mailing a check.

card member services

P.O. Box 6294

Carol Stream, IL 60197-6294

If the Chase Ink Business Unlimited card isn’t right for you or your business, consider these alternatives.

why i like it: Like the Ink Business Unlimited card, the Chase Ink Business Cash credit card doesn’t have an annual fee, but its tiered rewards structure makes it a better option for people who spend a lot of money on office supplies, internet or cable service, gas, and restaurant meals.

Recommended Credit Score: Good to excellent (670 – 850)

Why we like itWith no annual fee, it’s an attractive option for new cardholders with easy-to-earn rewards. Earn 15,000 Membership Rewards points after you spend $3,000 on purchases or services within the first 3 months of account opening. Plus, earn 2 points per dollar on your first $50,000 in purchases, and 1 point per dollar thereafter (terms apply).

Recommended credit score: Good to Excellent (670 – 850)

Why we like it: If you don’t mind paying the $199 annual fee, this is a great option for frequent travelers. You can earn higher rewards on Southwest purchases, hotel stays, car rentals with Chase partners, social media and advertising, and transportation and rideshare services. It also offers perks not available on the Chase Ink Business Unlimited card, like fee credits for TSA PreCheck and Global Entry, and lost baggage coverage.

Recommended Credit Score: Good to excellent (670 – 850)

This article was edited by rebecca mccracken

Editorial disclosure: The information in this article has not been reviewed or approved by any advertiser. Financial product details, including card interest rates and fees, are accurate as of the publication date. All products or services are offered without guarantee. Check the bank’s website for the most up-to-date information. This site does not feature all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.



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