Chase Ultimate Rewards points are some of the most valuable points in the world of travel, and credit cards like the Chase Sapphire Preferred® Card and Chase Sapphire Reserve® are the easiest way to earn them. But if you’ve got a small business or even have a side hustle, both the Chase Ink Business Cash® Credit Card and the Chase Ink Business Unlimited® Credit Card are worth your attention right now.
If you’ve already got one of the Chase Sapphire cards, these no-annual-fee Chase Ink business credit cards are among the best options for business owners. Don’t think you are eligible to open a business credit card? It’s easier than you think, and you might be surprised at the answer.
And these two Chase Ink cards should be at the top of the list for any new business credit cards that might be on your shortlist. Let’s walk through a few reasons that make these cards stand out.
But before we do that, remember: Credit cards are serious business. You should never apply for a credit card if you’re already in debt, and never charge more to a credit card than you can afford to pay off immediately. That’s especially true when looking at business credit cards, as the spending required to earn a big bonus is often much higher than your normal, personal credit cards.
Related reading: Have a Chase Sapphire Card? Here’s What To Do Next
1. Big Sign-Up Bonuses
Both the Chase Ink Business Cash® Credit Card and the Chase Ink Business Unlimited® Credit Card are out with big sign-up bonuses.
No matter which card you choose, you can currently earn $750 cash back (75,000 Chase Ultimate Rewards points) after spending $6,000 in the first three months of card membership.
Read more: Chase Ink Cash vs Ink Unlimited: Which Offers the Best Return For Your Business
Learn more about the Chase Ink Business Unlimited® Credit Card.
Learn more about the Chase Ink Business Cash® Credit Card.
2. Keep Earning Ultimate Rewards Points
Chase Ultimate Rewards points are among the most valuable points in the world and a must-have for travelers in 2023. But once you’ve earned a big bonus on a Chase Sapphire card, piling up more of these points is tough.
That’s where these Ink Cards come shine.
Small business owners (and believe me, you may be eligible for a business credit card without realizing it) who already have a card that earns Chase Ultimate Rewards points like the Chase Sapphire Preferred® Card or even the Chase Sapphire Reserve® can keep earning points with the suite of Chase Ink Business credit cards. In fact, it’s easier than ever.
No matter which version of the card you choose, you can earn $750 back after spending $6,000 in the first three months of card membership.
As long as you hold a card that already earns Ultimate Rewards points, this $750 cash back can instantly become 75,000 Chase Ultimate Rewards points to use towards travel.
Read Next: 10 Great Ways to Use Chase Ultimate Rewards Points
That means if you had the Chase Sapphire Preferred Card, these 75,000 points would be worth a minimum of $937.50 toward travel booked through the Chase Travel Portal since each point is worth 1.25 cents each for Preferred cardholders.
If you hold the Chase Sapphire Reserve, the value of those 75,000 points jumps to a minimum of $1,125 towards travel booked through Chase’s travel portal, as each point is worth 1.5 cents each for Reserve cardholders.
If you’re already holding a Chase Sapphire Card, you won’t find a better, quicker way to earn a ton of additional Chase Ultimate Rewards points if you’re able to get approved for a Chase business credit card.
Read More: How to Combine & Transfer Points on Chase Credit Cards
3. Earn More Points on Everyday Business Spending
Not sure which Chase Ink Card to pick? Chase doesn’t restrict you from having both, so that’s an option. And while they offer some of the same benefits, there are other key differences to be aware of between the Ink Cash vs. the Ink Unlimited cards.
Here’s a look at the benefits of both cards.
Chase Ink Business Cash Credit Card
- $750 cash back (or 75,000 points) after spending $6,000 in the first three months of card membership.
- The card has no annual fee
- 5x points (5% cash back) on internet, cable, and phone service; office supply purchases on your first $25,000 of spending each year.
- 2x points (2% cash back) on restaurants and gas stations on your first $25,000 of spending each year.
- 1x points (1% cash back) on all other eligible spending
- Primary rental car collision and damage waiver coverage
- Lost luggage insurance of up to $3,000 per person per trip
- Add employee cards at no additional cost
Learn more about the Chase Ink Business Cash® Credit Card.
Chase Ink Business Unlimited Credit Card
- $750 cash back (or 75,000 points) after spending $6,000 in the first three months of card membership.
- The card has no annual fee
- 1.5x points (1.5% cash back) on all purchases
- Primary rental car collision and damage waiver coverage
- Lost luggage insurance of up to $3,000 per person per trip
- Add employee cards at no additional cost
Learn more about the Chase Ink Business Unlimited® Credit Card.
As you can see, the benefits these cards provide are very similar. The key difference comes in what kind of bonus you’ll earn on certain spending categories.
With the Chase Ink Cash Card, you’ll earn 5% back (5x points) on internet, cable, phone service, and office supply store purchases. You’ll also earn 2% back (2x points) on restaurant and gas station purchases. Those bonus categories are capped to your first $25,000 spent in total on these categories each calendar year. You’ll earn 1% back (1x point) on all other eligible purchases.
With the Chase Ink Unlimited Card, you’ll earn 1.5% back (1.5x points) on all eligible purchases. There is no cap on the amount of spending that will earn 1.5% back each year – thus, the name Ink Unlimited.
Pair them together, or even with the Chase Ink Business Preferred® Credit Card and you could potentially earn a ton of bonus points (or cash back on your business spending). It really comes down to where your business is spending money.
4. Neither Card Charges an Annual Fee
One of the best benefits of the Chase Ink Business Cash and Unlimited cards is that neither card charges an annual fee. That’s almost unheard of for a credit card that offers such a large sign-up bonus.
If you’re eligible to open a business credit card, it makes the value proposition of these cards a no-brainer – especially right now with the limited-time increased welcome bonuses.
Generally speaking, earning a big sign-up bonus on a personal or business credit card almost always comes with some sort of annual fee as it is a way for the bank to help offset some of the cost associated with acquiring new customers. Not here. You’ll pay zero dollars out of pocket in your first year and each year after that in which you hold either card.
One thing to be aware of is that both cards won’t waive foreign transaction fees – a common shortfall of a no-annual-fee credit card. That means you’ll want to have another card when you travel abroad.
Add it all up, and it is one of the best sign-up bonus offers on a no-annual-fee card, period.
Read more: 11 of the Top No Annual Fee Credit Cards for 2023 Travel
Bottom Line
The current offers on the Chase Ink Cash and Ink Unlimited credit cards allow you to earn $750 cashback (or 75,000 Chase Ultimate Rewards points).
If you are eligible to open a small business card (and trust us, you might be eligible without knowing it), either card is a fantastic offer.
Hi Nick,
Our nonprofit business got the Business Unlimited card a little over a year ago. In late 2021, we got the Southwest Chase card; in the middle of 2022 we got an AmEx card.
Can our nonprofit apply for the Business Cash card?
Hi Matt, yes. You should be eligible
In addition to the ability to convert the bonus amount to points, is that option also available for regular cash back $?
Yes. Any cash back earned with either card can be turned into transferable Chase Ultimate Rewards points as long as you have a Chase Sapphire or Ink Business Preferred Card.