Chase Ink Business Cash Unlimited is a popular choice for small business owners due to its impressive sign-up bonus and versatile Chase Ultimate Rewards points. In this article, we will explore why we have been focusing on these cards for sign-up bonuses and our small business spending!
1. Chase Ink Business Cash & Unlimited Sign-Up Bonus
The Chase Ink Business Cash & Unlimited offers a lucrative sign-up bonus for new cardholders. After spending $6,000 within the first three months of opening your account, you can earn a whopping 75,000 Chase Ultimate Rewards points. This substantial bonus can be redeemed for travel, but you need to have the Chase Ink Preferred or Chase Sapphire Card to be able to transfer those points to travel partners like Hyatt Hotels, our favorite travel partner!
A. Referral Points
Chase also offers a generous referral program for the Ink Business Cash & Unlimited cards. Current cardholders can earn 40,000 bonus points for each successful referral, making it an excellent way to accumulate even more rewards. By referring friends, family, or business partners, you can quickly boost your rewards balance and enjoy the benefits of this lucrative card. This is great if you are married, dating, or even have a friend that likes travel hacking to refer each other cards to earn referral points as well.
B. No Annual Fee
One of the primary reasons small business owners choose the Chase Ink Business Cash & Unlimited card is its lack of an annual fee. With no annual fee, you can enjoy all the benefits of this card without worrying about additional costs. This feature makes it an ideal choice for businesses .
C. 5/24
If you are opening new cards every few months, then Business cards are nice, because they don’t count towards 5/24 status where Chase often discourages approving Clients who have opened more than 5 Personal Credit cards from any company within 24 months.
D. Hold Multiple Cards for the Same Business
A lot of people don’t realize that you can have more than one Chase Ink Cash for the same business open at the same time opened in less than 2 years apart. We try to wait at least a month between applications and switch off between my husband and I getting them. The same goes for the Chase Ink Unlimited.
2. Chase Ultimate Rewards Points
Chase Ultimate Rewards points are an incredibly versatile rewards currency that can be used for various purposes. These points can be redeemed for travel partners for the most value. Additionally, the points can be transferred to other Chase cards, such as the Chase Sapphire Preferred or Chase Sapphire Reserve, for even greater redemption options.
A. Travel Redemption
One of the most popular ways to use Chase Ultimate Rewards points is for travel. Points should not be redeemed through the Chase Travel Portal, but by transferring to travel partners such as Hyatt for the most value. Depending on the Chase card you own, your points can be worth up to 1.5 cents per point when booking travel through the portal, but I am often earning up to 5 cents per point when booking at some of the nicest Hyatt Hotels.
If you want to Sign Up, you can use my referral link here. I will receive points from you using this link.
3. Chase Ink Business Cash Bonus Categories
The Chase Ink Business Cash Unlimited card offers impressive bonus categories for earning rewards on everyday business expenses. Cardholders can earn:
- 5% cashback on the first $25,000 spent per account anniversary year at office supply stores and on internet, cable, and phone services.
- 2% cashback on the first $25,000 spent per account anniversary year at restaurants and gas stations.
- 1.5% cashback on all other purchases, with no cap on the amount you can earn.
These bonus categories make it easy to accumulate rewards on the purchases your business makes most frequently or when buying Visa Gift Cards during Office Max and Staples deals with Fee Free Gift Cards.
4. Chase Ink Business Cash & Unlimited Benefits
In addition to the sign-up bonus and rewards structure, the Chase Ink Business Cash & Unlimited card also offers a host of valuable benefits:
A. Primary Rental Car Collision Damage Waiver
This benefit provides primary coverage for rental car collision damage when the rental is for business purposes. This can save your business money on rental car insurance and provide peace of mind during your travels.
B. Lost Luggage Insurance
If your luggage is lost, damaged, or stolen during a trip, the Chase Ink Business Cash Unlimited card provides coverage of up to $3,000 per person per trip. This benefit can help protect your belongings and reduce the financial impact of lost luggage.
C. Employee Cards at No Additional Cost
With the Chase Ink Business Cash Unlimited card, you can add employee cards at no additional cost. This feature makes it easy to manage your business expenses and track employee spending, all while earning rewards on their purchases.
5. Chase Ink Business Cash & Unlimited Approval Process
However, with excellent credit and a small business owners have successfully obtained the Chase Ink Business Cash Unlimited card. While instant approvals are rare, don’t be discouraged if you receive a pending decision, as many applicants eventually receive approval.
6. Chase 5/24 Rule and Business Credit Cards
The Chase 5/24 rule states that you will likely not be approved for a Chase card if you’ve opened five or more new card accounts in the past 24 months. Most business cards, however, do not count towards this limit. If you are under the 5/24 limit and apply for a Chase business card, your count will remain the same.
7. Personal Experience with Chase Ink Business Cash Unlimited
My husband and I both have small businesses and have been applying for the Chase Ink Business Cash & Unlimited card any time we have significant expenses coming up. The lack of an annual fee and large sign-up bonus make this card a fantastic choice for our businesses. We have both successfully earned the sign-up bonus and referral points, making this card an essential part of our business travel rewards strategy.
9. Comparing Chase Ink Business Cash to Chase Ink Business Unlimited
While both cards offer impressive rewards and benefits, the main difference lies in their bonus categories. The Chase Ink Business Cash card offers 5% back on select categories, while the Chase Ink Business Unlimited card earns a flat 1.5% back on all purchases. Depending on your business’s spending patterns, one card may be more advantageous than the other.
10. Conclusion
The Chase Ink Business Cash & Unlimited cards are an exceptional choice for small business owners seeking a lucrative sign-up bonus and versatile rewards structure. The sign-up bonus of 75,000 Chase Ultimate Rewards points, combined with the card’s valuable benefits and no annual fee, make it an ideal choice for managing your business expenses. By capitalizing on this card’s rewards and benefits, you can help your business thrive and enjoy the perks of Chase Ultimate Rewards points.
