Chase Ink Unlimited Bonus Hits 100K Points

The Chase Ink Business Unlimited card is offering a record 100,000 bonus points after spending $8,000 in four months. The card has no annual fee.

The Chase Ink Business Unlimited credit card is offering its highest-ever welcome bonus of 100,000 points. To earn the bonus, new cardmembers must spend $8,000 within the first four months of account opening.

The bonus is marketed as a $1,000 cash back offer. The points can be redeemed for cash back. However, the report states that if the card is held alongside another card that earns Ultimate Rewards points, the 100,000 points can be transferred to airline and hotel partners.

The source values Ultimate Rewards points at 1.7 cents each, suggesting the bonus could be worth $1,700. The previous offer was for 75,000 points, with limited-time offers previously reaching as high as 90,000 points.

Eligibility Rules for the Bonus

Official terms state the welcome bonus may not be available to applicants who have ever had this specific card or any other Chase for Business card without an annual fee. This includes the Ink Business Cash card. The source notes the term says applicants "may" not be eligible, not that they absolutely won't be.

A pop-up message during the application process should inform ineligible applicants before a hard credit pull occurs. Eligibility is reportedly unrelated to having a Chase business card with an annual fee, such as the Ink Business Preferred or Sapphire Reserve for Business.

Applicants can apply as a sole proprietorship, corporation, or other entity. Sole proprietors can use their Social Security Number instead of an Employer Identification Number.

General Chase rules may also apply. The card may be subject to Chase's 5/24 rule, though the source cites data points suggesting this rule is not consistently enforced. It is generally considered a best practice not to apply for more than one Chase business credit card every 30 days.

Card Features and Value

The Chase Ink Business Unlimited card has no annual fee. It earns a minimum of 1.5x points on all spending. The card also offers primary rental car coverage, which the source calls incredibly rare for a no-annual-fee card.

Holding the card long-term involves no opportunity cost due to the lack of an annual fee. It can be part of a portfolio to maximize rewards. For frequent travelers, pairing it with a premium card unlocks higher-value redemptions through transfer partners.

The source concludes the offer is a limited-time opportunity. The card's combination of a large bonus, ongoing rewards rate, and rental car coverage makes it a compelling option for eligible business owners.

Source: One Mile at a Time