Chase Ink Business Unlimited Review


Hey I’m Adam Jusko from ProudMoney.com and in this video we’re looking at the new Chase Ink Business
Unlimited credit card. But before we do that I would ask you to please subscribe
to our YouTube channel if you have not already and if you have already I thank
you for doing so. So, Chase has now just launched the third cash back credit card
that it offers for small businesses. This is the simplest of the
three, with a 1.5% flat cash back rate on everything that you buy, no
limits to how much cash back you can earn. Yyou can get a bonus of 500 bucks ifyou spend $3,000 or more in the first three months of having this card. 0%
interest rate on purchases and balance transfers for the first 12 months that
you have the card, but note that you have a balance transfer fee of a very high 5%,
so think twice before you transfer any balances to this one. No annual fee on
this card, overall a very simple cash back card. Now
Chase does offer, like I said, two other cash back business cards. How does this
one compare? Well this one is a flat cash back, there are no categories to
think about, it’s really for someone that wants, obviously, rebates on purchases
they make with their small business credit card but they don’t really want
to sit around and think about what categories they’re buying in or
maybe they buy in categories all over the board, and some of the
categories in these other cards don’t necessarily fit them. So it makes sense
to just get that guaranteed 1.5% cash back versus these other cards where they
don’t know how often they’re really gonna spend in those categories. So let’s
look at those and we can kind of see what the differences are. The Ink
Business Cash card is a card that also has no annual fee, it has the same bonus
offer, but the way you earn cash back is different. You get 5% back on office
supplies as well as internet, cable and phone services, 2% cash back on gas and
restaurants, 1% cash back on everything else that you buy. Those are up to $25,000 per year in those categories. So if you are buying in those categories then that
card is going to look better to you than the new Business Unlimited. But not
everybody’s business sort of fits in those categories, so it all depends on
where you are spending your money. Now the third card here is a different
scenario in that it has an annual fee. The Chase Ink Business Preferred card
has a $95 annual fee. It has a big bonus that you can earn up front which is very
enticing to many people — you can get an 80,000-point bonus which can
equal $800 or it could even equal $1000 if you
use those points toward travel within the Chase Ultimate Rewards program. You do have to spend five thousand bucks in the first three months of having the
card in order for that to be true. In terms of ongoing points, it gives you
three points per dollar on travel, shipping, internet cable and phone
services, advertising on social media and search engines, and then 1% cash back on everything else. So that’s got the nice bonus but then in terms of the
categories you have to decide if that fits your spending or not. And
that $95 annual fee obviously comes into play. So, obviously, again, this new card is
a different formula. It’s another way for Chase to keep throwing
different offers at small business owners to see kind of what sticks. If
those other ones didn’t stick because those categories didn’t mean a lot to
them, then having the 1.5% that you don’t have to think about might stick
better with somebody else that doesn’t care as much or just doesn’t
really think about their credit cards that much. And that 1.5% cash back is
essentially like an extra 1.5% profit in their pockets, and that’s good enough,
that’s all they want to think about, right? Now if 1.5% cash back is
good, 2% cash back is better, right? So if you are someone that owns a small
business, a lot of times you’re a very small business, and you might be just as
happy to get a different credit card that is a consumer card but that you put
your business expenses on. Yes, many banks frown on you doing that, but I think we
all know that a lot of people do that if it makes sense for them. So there are 2%
cash back cards out there, the Citi Double Cash is one that comes to mind,
probably the top of the market for most people. If you can use put your business
expenses on there, maybe that makes more sense to you especially over the long
haul. It doesn’t have that nice $500 bonus opportunity but could give you a
lot more back over time. So, overall, the Chase Ink Business Unlimited is a
competitive card within the business credit card space, and it obviously fills
a different hole for Chase in terms of the different offers that they can offer
to small businesses, but it’s not necessarily earth-shattering or
something that you have to run out and grab and be the first one to
have that because the rewards are so awesome. It’s another option, and if it
makes sense for you, go for it. But there’s other options on the market as
well. So, thanks for watching. Please go to ProudMoney.com where we do other credit card reviews and personal finance news and other fun stuff too. Thanks.

2 thoughts on “Chase Ink Business Unlimited Review

  • No thanks, I'm happy with the 2% Capital One Spark. There's a $59 annual fee, but it keeps you from getting in trouble with the banks for using a personal card. I actually don't have a single Chase credit card, not that the Sapphire Reserve isn't a good deal, but we're fairly loyal to Starwood and Delta.

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