4 Reasons to Get Chase’s No Annual Fee Small Business Card (And 3 Reasons Not To)

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Ink Business Unlimited(SM) Credit Card

Chase introduced a no annual fee business card with a great bonus, and fast-earning. That’s a great combination, there are four reasons you should apply for the card.

  1. Initial Bonus. $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. That’s good on its own but think of it as 50,000 points since there’s plenty you can do with that which can be even better than cash.

  2. Earn 50% more points for all your unbonused spend. Instead of earning one point per dollar you earn 1.5 points per dollar (think of it that way rather than “1.5%” back). That’s 50% more points than you’ve earn on spend outside of the travel and dining categories with Chase’s premium personal Ultimate Rewards cards.

  3. Works well with Chase Sapphire Preferred. If you have Chase Sapphire Preferred or one of the other Ultimate Rewards cards with an annual fee, you can transfer points to the that card and from there to airline miles or hotel points. Now you’ve increased your points earning by 50% on all of your non-travel, non-restaurant spend, without giving up the ability to transfer points. (If you’re spending your points directly for air travel rather than transferring them to a frequent flyer program – not my recommendation – you do better transferring to the harder-to-get Sapphire Reserve card.)

    Moving points to a Sapphire Preferred account lets you them transfer them to:

    • Airlines: United, JetBlue, Southwest, British Airways, Virgin Atlantic, Air France KLM, Singapore Airlines, Iberia, Aer Lingus
    • Hotels: Hyatt, Marriott, IHG

  4. No annual fee. It’s remarkable to see a 50,000 point ($500) bonus, and such strong earning, on a card with no annual fee. So you can accelerate your earning without higher recurring expense.

As far as I can tell the only reasons not to apply for the Ink Business Unlimited(SM) Credit Card are,

  • You don’t think you’re eligible for a business card although far more people are eligible, and should get one, than realize it. If you see yourself doing any business at all you want to separate your personal and business spending and the best way to do that is to start with a small business credit card from the outset.

  • You already have a Freedom Unlimited since these cards are similar in their 1.5 points per dollar earn, however that personal card hasn’t ever had a big bonus like this one does.

  • You’re over 5/24. If you’ve had 5 or more new credit card accounts opened in the past 24 months (not including business cards from major issuers like American Express and Citibank that don’t report to your personal credit) then you may not be eligible for approval for this one. Of course if you’re under 5/24 getting this card doesn’t add to your 5/24 total.

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.


  1. Hi Gary,

    You wrote a great article describing the new card and its better benefits.

    This would be a fine card except for the fact that United recently gutted its mileage program. The gutting means that the miles from the card have less value than they would have if United had not massively slashed the value of their miles.

    Speaking of slashing, the change was supposed to take place on November 15 but it is already in place and has been for several weeks.

    Even if we earn one-half mile more on spending with the new card, what good is it to acquire miles that have been severely devalued? That extra one-half mile earning does not make up for the massive devaluation United recently adopted.

    By way of example, I travel a lot and I stupidly accumulated hundreds of thousands of miles on United. In one big swoop, United changed its program and my miles are now worth about one -third of what they were worth prior to the devaluation. Why would I want to accumulate more miles now? What is my incentive?

    I often used miles on international saver awards. Those same flights now require three times the number of miles or more.

    On the other hand, if I were to take a domestic flight (rarely) using miles, there is not such a big devaluation.

    I will still use United for flying, however, I feel bad for Chase Bank and its shareholders because of what United did to the value of miles (slashed the value).

    Chase awarded big mileage bonuses to their new credit card customers and Chase still pays for miles awarded on spending. However, what is the incentive? The miles either cannot be used due to no availability of flights, or they have been severely devalued.

    The miles that Chase Bank gives to cardholders (bonuses and on spending) were purchased from United for billions of dollars over the years.

    For the first time in memory, most of my credit card spending is now going to American Express or to other credit cards where I get better earnings. But there is no more United credit cards or their miles for me.

    I am waiting for the “shoe to drop” at Chase after their financial statements show a massive decline in revenue in the United sponsored credit card venture.

    As we all know, United has a right to change its program whenever it wants. Apparently they don’t care that customers of Chase Bank also have a right to change which credit card they use and it will not be a United Chase card, thanks to the massive devaluation of miles.

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