The Ink Business Unlimited® Credit Card is a business credit card offering straightforward rewards on every purchase. Cardholders earn 1.5% cash back on all purchases, with no limit to the amount that can be earned. The card includes features such as an introductory 0% APR on purchases for the first 12 months, after which a variable APR applies, and no annual fee. Additionally, it provides business-centric tools like employee cards at no additional cost and customizable spending limits.
Features
1.5% Cash Back on All Purchases. Earn a flat 1.5% cash back on every purchase with no cap on earnings.
Introductory 0% APR. Enjoy 0% APR on purchases for the first 12 months, providing flexibility for managing initial expenses.
No Annual Fee. No cost to hold the card, making it a cost-effective choice for small businesses.
Pros and Cons
Pros
Employee Cards at No Additional Cost. Issue cards to employees without extra charges, with the ability to set individual spending limits.
Fraud Protection and Purchase Security. Includes protections against unauthorized transactions and coverage for new purchases against damage or theft.
Access to Chase Ultimate Rewards®. Redeem cash back for travel, gift cards, and other rewards through Chase's Ultimate Rewards® program.
Cons
Flat Rewards Rate. Businesses with heavy spending in specific categories may find other cards with higher category-specific rewards more beneficial.
Variable APR. After the introductory period, the APR can vary based on creditworthiness, potentially leading to higher interest charges.
Limited Premium Benefits. Lacks premium features such as travel credits, airport lounge access, or higher-tier rewards that some other business cards offer.
How to Apply for an Ink Business Unlimited® Credit Card
Online
Explore Credit Card Options. Browse through the available credit card options to find the Ink Business Unlimited® Credit Card. Click on the card to access more details.
Review Card Details. Take your time to review the features, benefits, and terms of the Ink Business Unlimited® Credit Card to ensure it meets your needs.
Initiate Application. Look for the "Apply Now" button to start the application process. Click on it to proceed.
Fill Out Application Form. Complete the online application form with accurate personal, financial, and contact information as required. Ensure all fields are filled correctly.
Submit Application. After filling out the form, review the information provided to avoid any errors. Once satisfied, submit your application.
Wait for Approval. After submission, the bank will review your application. You may receive an instant decision or have to wait a few days for a response.
Receive Card. If approved, your Ink Business Unlimited® Credit Card will be mailed to the address provided during the application process.
Mobile App
Log In or Register. Open the Chase mobile app and log in to your existing online banking account. If you're a new user, you may need to register for mobile banking by providing your account details and creating login credentials.
Navigate to Credit Cards. Once logged in, navigate to the section of the app dedicated to credit cards or banking products. This may be accessible from the main menu or homepage.
Find Ink Business Unlimited® Card. Look for the Ink Business Unlimited® Credit Card among the available options. Tap on the card to view more details.
Start Application. Locate the option to apply for the Ink Business Unlimited® Credit Card within the app. It may be labeled as "Apply Now" or something similar. Tap on it to initiate the application process.
Complete Application Form. Fill out the application form provided in the app with accurate information, including personal, financial, and contact details. Double-check for accuracy before proceeding.
Submit Application. After completing the form, review the information provided to ensure accuracy. Once verified, submit your application through the mobile app.
Wait for Response. The bank will review your application. Depending on their process, you may receive an instant decision or have to wait for a few days to receive a response.
Receive Confirmation. If approved, you'll receive confirmation within the app or via email. Your Ink Business Unlimited® Credit Card will be mailed to the address provided during the application process.
In Bank's Office
Research and Preparation. Begin by researching the various credit cards offered by Chase to determine which best suits your needs and preferences. Consider factors such as rewards, interest rates, annual fees, and benefits.
Gather Necessary Documents. Collect all required documents, such as a valid photo ID (e.g., driver's license or passport), Social Security number, proof of income (e.g., pay stubs or tax returns), and any other relevant financial information.
Visit a Chase Branch. Locate the nearest Chase branch by using the Chase website or mobile app. Plan your visit during the branch’s operating hours.
Meet with a Chase Representative. Once at the branch, request to speak with a representative about applying for a credit card. The representative will guide you through the process, answer any questions, and provide you with the necessary forms.
Complete the Application Form. Fill out the application form provided by the representative. Ensure all information is accurate, including personal details, employment information, and financial data.
Submit Your Application. After completing the form, submit it to the representative along with your supporting documents. The representative will review your application for completeness and accuracy.
Wait for Approval. The representative will submit your application for processing. Approval times can vary; in some cases, you may receive an instant decision, while others may require further review. You will be notified of the decision by mail or email.
Receive Your Card. If approved, your new credit card will be mailed to you. Upon receiving your card, follow the instructions to activate it and begin using it to earn rewards and manage your finances effectively.
Infographic
Eligibility Requirements
Good to Excellent Credit Score. Applicants should have a credit score that is considered good to excellent (670 or higher).
Business Entity. Must own a small business or operate as a sole proprietor. Valid business types include corporations, partnerships, LLCs, and sole proprietorships.
Legal Age. Applicants must be at least 18 years old (19 in Alabama and Nebraska, 21 in Puerto Rico).
U.S. Residency. Must have a valid permanent home address within the 50 United States, the District of Columbia, or a U.S. military address.
Proof of Business Income. Provide evidence of business income or revenue, which may include tax returns, bank statements, or financial statements.
Tax Identification Number. Business must have a valid Employer Identification Number (EIN) or, for sole proprietors, a Social Security Number (SSN).
Complete and Accurate Application. Submit a fully completed and accurate application form, including details about the business and its financial status.
No Recent Bankruptcies. Applicants should not have recent bankruptcies or significant delinquencies on their credit report.
Chase Relationship Considerations. Existing relationship with Chase may be taken into account, including the number of Chase credit cards already held.
Compliance with Chase's 5/24 Rule. Applicants should be aware of Chase's 5/24 rule, which may limit approval if they have opened five or more personal credit cards across all banks within the past 24 months.
Reasons You May Be Denied a Card
Insufficient Credit History. If you have a limited credit history or no credit history at all, the issuer may be unable to assess your creditworthiness, which could result in a denial of your credit card application.
Low Credit Score. A low credit score, often indicative of past financial difficulties or missed payments, may lead to a denial of your credit card application. Credit scores below a certain threshold may be considered risky by the issuer.
High Debt-to-Income Ratio. If you have a high debt-to-income ratio, meaning you have significant outstanding debt relative to your income, the issuer may view you as a higher credit risk and deny your application.
Recent Bankruptcy. If you have filed for bankruptcy recently, you may be denied a credit card as it indicates financial instability and an increased risk for the issuer.
Delinquent Accounts. If you have a history of late payments, defaults, or delinquent accounts on your credit report, it may signal to the issuer that you are not financially responsible and may lead to a denial of your application.
Multiple Recent Credit Applications. Applying for multiple credit cards or loans within a short period, especially if accompanied by rejections, may raise concerns for the issuer about your financial stability and lead to a denial.
How to Pay Off Credit Card Debt
Access Your Account. Sign in to your Chase online banking account or mobile app to access your credit card information.
Review Your Balance. Take a moment to examine your outstanding balance, including any accumulated interest or fees.
Choose a Payment Method. Determine how you wish to proceed with your payment. Chase provides several convenient options, such as online banking, mobile banking, in-person at a financial center or ATM, by phone, or through the mail.
Online Payment. If you opt for online payment, log in to your account, proceed to the bill pay section, and follow the prompts to initiate a payment. You can select to pay the minimum amount due, the full balance, or a customized amount.
Mobile Payment. Alternatively, you can utilize the Chase mobile banking app to complete a payment. Choose your Ink Business Unlimited® credit card account and follow the prompts to finalize the payment process.
In-Person Payment. For those preferring in-person transactions, visit a Chase financial center or ATM. You can make a payment using cash, a check, or your debit card at the ATM, or seek assistance from a representative at the financial center.
Phone Payment. To make a payment over the phone, dial the Chase customer service number and follow the automated instructions to navigate to the payment section. From there, you can complete the payment using your checking account or debit card.
Mail Payment. Lastly, if mailing your payment suits your preference, utilize the payment address provided on your billing statement. Ensure to include your Ink Business Unlimited® credit card account number on the check or money order and allow adequate time for delivery.
Confirm Payment. Following your payment submission, verify that it has been successfully processed. You can check your account balance online or via the mobile app to confirm the payment's application to your Ink Business Unlimited® credit card debt.
Editorial Opinion
The Ink Business Unlimited® Credit Card presents a simple and clear rewards structure that can appeal to businesses seeking consistent cash back without category restrictions. Its introductory 0% APR and no annual fee can be advantageous for new businesses or those looking to manage expenses efficiently. However, businesses with significant spending in specific categories might find more value in a card that offers higher rewards in those areas.
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