Rates and Fees
|Intro APR||0% Intro APR on Purchases for 12 months|
|Purchase APR||15.49% - 21.49% Variable|
|Welcome Offer||Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.|
|Rewards Rate||Earn unlimited 1.5% cash back on every purchase.|
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- 0% introductory APR for 12 months on purchases
- Employee cards at no additional cost
- No Annual Fee
Thecard is just one of three cards in the Chase Ink Business collection. With this card, business owners gain access to cash back rewards without complicated earning tiers, a annual fee, a generous welcome offer.
While this card may be a welcome option for business owners that may not have the time or spending habits to merit more complex rewards programs, if you spend a significant amount on business expenses, like office supplies, phone services, or dining out, you may want to consider the.
Card Review Details
Before you apply for your next business card, take some time to review your options to determine the best card for your spending habits and rewards program preferences. With the right amount of comparison shopping, you’ll be able to secure a card that’s fit with your unique needs.
With a simple, unlimited cash back rewards program, thecard offers an umbrella approach to rewards. This can be great for borrowers with eclectic spending needs that fall outside of typical business categories.
Another perk associated with this card is the existing intro offer, which will allow new cardholders o take advantage of. Plus, with a annual fee, this card can be a more affordable option when compared to other cards, including the , which carries a annual fee. This is particularly true if you don’t anticipate using it enough to merit an annual fee.
Despite some benefits, this card may not be ideal for business owners that frequently travel and spend abroad as it does carry a foreign transaction fee of. And, as mentioned above, if you want to maximize spending in certain business categories, like travel or supplies, then you may want to consider another card, like the or Chase’s premium business card, the .
vs — Which is better?
and each share a lot of benefits, including a cash back offer, no annual fee, and an introductory APR offer.
However, the two offer different rewards programs, a detail that can make thecard better for some business owners. While the card offers a flat cash back rate, the card utilizes the following tiered cash back rewards program:
- 5% back on select business purchases (office supplies, telephone services, etc.)
- 2% back at restaurants and gas stations
- 1% back on all other purchases.
For borrowers who spend a lot of the top two earning categories, themay be a better option. This is particularly true when other important factors, like welcome offers, interest rates, and annual fees, are equal.
What are theapproval odds?
As with any credit card, business or personal, the odds of approval depends on a variety of factors, including the applicant’s credit score; the number of times they’ve applied for a credit card within a certain period of time; and their overall creditworthiness as indicated by their credit history, existing debt, and current income.
Generally, Chase typically looks for candidates who have not applied for more than five cards within the last 24 months — the 5/24 rule — and who have a good to excellent credit score.
What are thecredit score requirements?
Though Chase does not release specific credit score requirements, approved applicants typically have good to excellent credit.
If you’re concerned about your credit score, there are a variety of ways you can improve your score and approval odds
Are there anyforeign transaction fees?
Yes, thecard does carry a foreign transaction fee of . If a foreign transaction fee is a deal breaker, you may want to consider one of these business credit cards.
What is the5/24 policy?
Over the last few years, news spread about otherwise creditworthy applicants being denied after applying for Chase credit cards. And, as it turns out, this wasn’t a fluke. Chase has implemented what is now known as the Chase 5/24 rule.
Under this new policy, cardholders who open more than five new credit card accounts within a 24 month period will not be approved for a new Chase card. It’s also important to note that this policy isn’t specific to only Chase card accounts; instead, it takes into consideration any new credit card account, Chase or otherwise.
Here’s what Reddit users had to say about the Chase Ink Business Unlimited;
“If you like Chase UR, it’s the card you use for all those purchases that you can’t get a category bonus from.”