The Ink Business Unlimited® Credit Card is one of our favorite Chase business credit cards thanks to its uncapped 1.5% cash-back on all purchases, excellent welcome bonus offer, the ability to combine your rewards with other eligible Chase cards, $0 annual fee, and more.
If the Ink Business Unlimited card sounds like a good fit for you, you might wonder how difficult it is to get approved and how you can increase your likelihood of being approved. This guide will help you answer all of those questions and more.
Ink Business Unlimited Card Snapshot
Ink Business Unlimited® Credit Card
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The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.
(at Chase's secure site)
Ink Business Unlimited® Credit Card
The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.
Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
$750
$750
$0
0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)
As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.
If so, the Ink Business Unlimited® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the card is a no-frills option that you don’t have to think twice about.
Don’t forget too, 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
Pros
- 1.5% cash-back on all purchases
- No annual fee
- 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
- Employee cards at no additional cost
- Earn flexible rewards
Cons
- 3% foreign transaction fee
- Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Financial Snapshot
- APR: 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
- Foreign Transaction Fees: 3% of each transaction in U.S. dollars
Card Categories
- Credit Card Reviews
- Best Business Credit Cards
- Best Sign Up Bonuses
- No Annual Fee Cards
Rewards Center
- Chase Ultimate Rewards
- The Ink Business Unlimited $900 Welcome Bonus Offer
- Benefits of the Ink Business Unlimited Credit Card
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- Ink Business Preferred vs Ink Business Unlimited
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- Best Chase Business Credit Cards
- Best Business Credit Cards for Multiple Employees
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- Best Credit Cards for Car Rental Insurance
How To Check Your Credit Score
To get a baseline of your approval odds, you’ll first want to determine your credit score. If you’re not sure what your credit score is, you can access a free credit report from your current credit issuer (if you have one), from any of 3 credit bureaus (TransUnion,Equifax, andExperian), or through a free monitoring service likeCredit Karma.
Do You Need a Business Credit Score To Apply for the Ink Business Unlimited Card?
Since the Ink Business Unlimited card is a business card, you may be applying for the card using an Employer Identification Number (EIN) — though this isn’t required. When you input your EIN on the application, yourbusiness credit scorewill also be checked.
While personal credit scores are scaled from 300 to 850,your business credit score is usually scored on a scale of 1 to 100,though this can vary based on the reporting agency. That said, while your personal and business credit scores are 2 different numbers, they serve the same purpose. The higher your score, the more likely you will be approved for new cards.
What Credit Score Do You Need for the Ink Business Unlimited Card?
If you’re considering applying for the Ink Business Unlimited card, it’s recommended to have a personal credit score of at least 670 or higher — or a business credit score of at least 75 to maximize your chances of approval.
That said, no set credit score guarantees approval for the Ink Business Unlimited card. Additionally, your credit score is just 1 factor considered in your application.
Other Approval Considerations
Personal Income and Business Income
Your income can play a role in whether or not you’ll be approved for the Ink Business Unlimited card. After all, Chase wants to ensure you can pay off any charges you make with the card.
However, if you have a low business income or are just starting your business, you can still qualify for the Ink Business Unlimited card.
Length of Credit
When applying for a new card, credit issuers prefer you to have multiple years of clean credit history that’s free of late payments and derogatory marks.
If you are just starting your credit journey, this aspect can be frustrating as there is no remedy for it other than waiting for time to pass. If you happen to be denied for this reason, don’t take it personally; you can always try again later when your credit history is longer and stronger.
We recommend that you have at least 2 years or more of clean credit history before applying for the Ink Business Unlimited card.
Tips To Boost Your Credit Score
If your credit score isn’t high enough for the Ink Business Unlimited card, there are severalways to improve your credit score.
Get a Starter Credit Card
For those who have never had a credit card at all or whose credit score is far below average, getting approved for most credit cards will be difficult.
In these cases,opening asecured credit card, a student credit card, or a credit card without a large limitcan be a good option. Secured credit cards require a deposit, usually the amount of your credit limit, that you’ll forfeit if you do not pay your balance on time.
If you use these credit cards responsibly and always make your payments on time, you will start seeing improvement in your credit score month by month.
Get Added as an Authorized User
One shortcut of sorts is to get added as an authorized user by a trusted family member or friend who has good to excellent credit. This shows that someone else trusts you with their credit and can help lower your credit utilization, improve your payment history, and increase the average age of your accounts.
That said, be very careful about who you choose to be an authorized user cardholder for. Your score can decrease if that person doesn’t manage their credit well.
Get Errors Removed
If your credit score isn’t where you want it to be and items on your credit report appear inaccurate, getting these errors removed can provide a significant boost to your score. This is why monitoring your credit is vitally important. If you see anything suspicious or inaccurate, dispute the credit error as soon as possible.
Final Thoughts
There is plenty to love about the Ink Business Unlimited card, and it is not hard to see why many business owners would want the card to be part of their wallet.
If you have a good annual income (either personally or from your business), a strong credit score, and a couple of years worth of clean credit history, you stand a high chance of being approved for the Ink Business Unlimited card!
