The Ink Business Unlimited Credit Card is one of the best business cards with no annual fee because it offers a straightforward and valuable rewards structure. With this card, you earn 1.5% cash back on every purchase, which may not sound like much compared to other cards that offer higher cash back rates. However, the key advantage of the Ink Business Unlimited is that it earns cash back in the form of Chase Ultimate Rewards points.
Chase Ultimate Rewards points can become even more valuable if you also have a premium Ultimate Rewards card, such as the Chase Sapphire Preferred Card. This is because you can combine points from both cards and transfer them to the Ultimate Rewards program’s airline and hotel partners. This flexibility allows you to potentially get more value out of your points when redeeming them for travel.
Currently, the Ink Business Unlimited is offering a limited-time welcome offer of $900 cash back after you spend $6,000 on purchases in the first three months from account opening. This is a generous bonus for a card with no annual fee. The cash back is earned in the form of Chase Ultimate Rewards points, which can be redeemed at a rate of 1 cent each as cash back, gift cards, or travel booked through the Chase Travel portal.
To maximize the value of your rewards, you can pair the Ink Business Unlimited with a card that earns transferable Ultimate Rewards points. This allows you to transfer your points to airline and hotel partners, potentially getting even more value out of them. According to TPG valuations, 90,000 Ultimate Rewards points are worth $1,845, which is a solid return for a card with no annual fee.
In terms of benefits, the Ink Business Unlimited offers some basic protections such as purchase protection, auto rental collision damage waiver, extended warranty, and employee cards at no additional cost. While it lacks some of the premium perks offered by cards with higher annual fees, it still provides valuable coverage for common business expenses.
When it comes to earning rewards, the Ink Business Unlimited offers a simple and straightforward structure. You earn 1.5% cash back on all purchases, without the need to keep track of rotating or bonus categories. However, it’s important to note that you may be forgoing higher rewards on certain purchases, such as airfare or office supplies, that could earn you more points with other cards.
Redeeming your rewards with the Ink Business Unlimited is easy and flexible. You can choose to receive cash back as a statement credit or through an electronic deposit into an eligible U.S. checking or savings account. Points redeemed for cash, gift cards, or travel are worth 1 cent each.
To boost your redemption rate, you can transfer your points to a full-fledged Ultimate Rewards personal or business card, such as the Chase Sapphire Preferred Card. This allows you to transfer your points to valuable airline and hotel partners or book travel directly through the Chase portal at a higher value.
In conclusion, the Ink Business Unlimited Credit Card is one of the best business cards with no annual fee due to its valuable rewards structure and limited-time welcome offer. By earning cash back in the form of Chase Ultimate Rewards points and potentially combining them with a premium Ultimate Rewards card, you can maximize the value of your rewards. This card is a great option for small businesses looking for a simple and flexible rewards program.