Small business owner used to be a term largely reserved for people who had their own shops, restaurants or other businesses. But today tens of millions of Americans had some sort of online gig, sideshow, or some other way of making money without an employer.
If this sounds like you, then you will benefit from having a small business credit card. Having one can help you separate your business and personal expenses, provide a secure payment method, and increase your business purchasing power. The Chase Ink Business Unlimited® is one of the best cards for small business owners and now offers new applicants a $750 cash back bonus and a valuable promotional financing offer.
- New account bonus: Earn $750 bonus cash back after spending $7,500 within three months of opening an account.
- Rewards: Earn unlimited 1.5% cashback on all purchases
- Annual contribution: $0
How this card works
New applicants can earn $750 in bonus cash back within three months of opening an account after spending $7,500 on their card. New accounts also receive 12 months of 0% introductory APR on new purchases; thereafter the standard rate of 13.25% – 19.24% Variable APR applies.
This card also offers unlimited 1.5% cash back on all purchases, in the form of Ultimate Rewards® points. These valuable reward points can be exchanged for cash back, gift cards, merchandise and travel reservations. And if you also have a Chase card that offers Ultimate Rewards points and has an annual fee, such as the Ink Preferred, Sapphire Preferred, and Sapphire Reserve, then you have the option to combine these points in those accounts where they can be transferred to airline miles or hotel points.
The Chase Ink Business Unlimited® also includes a significant number of valuable travel insurance and Purchase Protection benefits. Your purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. You also receive extended warranty protection that adds one year to eligible warranties of three years or less. And when you travel, you will receive Auto Rental Collision Damage Waiver, Travel and Emergency Assistance Services, and Roadside Dispatch. There is no annual fee for this card.
Ink Business Unlimited’s generous new account bonus is way beyond what is normally seen for a small business credit card. And having 12 months of interest-free financing for new purchases is also very valuable for small business owners who can use some extra time to fund their purchases.
In addition, this card is also one of the best spend rewards cards, offering 1.5% cash back (as 1.5 Ultimate Rewards points) per dollar spent. This is 50% more than the one point per dollar that most cards offer for purchases that do not qualify for a bonus. And when you combine this card with another Chase Ultimate Rewards card that has an annual reward, the value of the points you earn is even greater. A rewards card with no annual fee makes it an easy addition to your wallet.
While the welcome bonus is one of the best offered by any card, you still need to spend $7,500 within three months of opening an account to receive it. This may be possible for many small business owners, but others find this hefty minimum spending requirement out of their reach. And by itself, this card doesn’t offer the ability to transfer your rewards to airline miles or hotel points. This card also comes with a 3% foreign transaction fee, which you won’t find on most reward credit cards anymore.
Chase Ink Business Preferred®. This card offers new applicants a whopping 100,000 bonus points after spending $15,000 on new purchases within the first three months of opening an account, but there is no promotional financing offer. Ink Business Preference offers 3x points on travel and purchases from other select business categories. This card also gives you 25% more value when you redeem your points directly for travel reservations, and you can transfer points to participating airlines and hotel programs. But it comes with a $95 annual fee.
Chase Ink Business Cash® Credit Card. Like the Ink Business Unlimited card, Ink Business Cash has no annual fee and currently offers new candidates a fantastic welcome bonus. You can earn $750 in bonus money back after spending $7,500 on your card within three months of opening an account. And it offers new accounts 12 months of 0% APR financing on new purchases. However, it offers 5% cash back on the account’s first $25,000 spent on combined purchases at office supply stores and on Internet, cable, and telephone services each year. You also get 2% cash back on the first $25,000 you spend on combined gas station and restaurant purchases each anniversary year of the account, and 1% cash back on all other purchases, with no limit to the amount you can earn. There is no annual fee for this card.
Blue Business Cash™ Card from American Express. This relatively simple card delivers strong value by offering 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% thereafter. It does not offer a cash welcome bonus, but does offer 12 months of 0% introductory APR financing on new purchases for new accounts (13.24% – 19.24% Variable APR after that). There is no annual fee for this card.
A credit repair company can increase your chances of getting approval.
Credit repair companies, such as Credit Saint, specialize in finding and removing errors in your report to help you improve your credit.
With a $750 cashback introductory bonus for new accounts, 12 months of 0% introductory APR financing, and no annual fee, it’s hard to find a deal as good as the Chase Ink Business Unlimited®. By viewing this offer and other competing cards, you will find the card that best suits your needs.
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