The Ink Business Unlimited® Credit Card is a gem for small business owners who value simplicity and returns. Forget the headache of tracking bonus categories; this card offers consistent cash back. With a compelling welcome bonus tailored for initial expenses and free employee cards to streamline spending, it's a small business ally. However, globe-trotters and those eyeing balance transfers should weigh its few drawbacks. Overall, it's a standout choice for many small enterprises.
Ink Business Unlimited® Credit Card Review
Updated: November 10, 2024
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Ink Business Unlimited® Credit Card
On Issuer's Site
Rewards Summary
Earn unlimited 1.5% cash back
Earn unlimited 1.5% cash back on every purchase made for your business
APR
17.99% - 23.99% VariableAnnual Fee
$0Recommended Credit
670-850 (Good to Excellent)Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Ink Business Unlimited® Credit Card Overview
When choosing a credit card, a thorough evaluation of its features is crucial, as they can significantly influence financial outcomes and user experience.
- Rewards rate: Earn unlimited 1.5% cash back on every purchase made for your business.
- Welcome offer: Earn a $750 bonus cash back after spending $6,000 on purchases in the first three months from account opening.
- Regular APR: 17.99% - 23.99% Variable
- Annual fee: $0
- Intro APR offer: 0% fixed Intro APR for the first 12 months, then a variable APR of 17.99% - 23.99% after that.
Important Card Details
Navigating business credit card options can be overwhelming, with each card presenting many features that can either be a boon or a limitation for businesses. Explore our detailed analysis of the Ink Business Unlimited® Credit Card to grasp its offerings and their relevance to the diverse needs of modern entrepreneurs.
Cash Back Rate
The Ink Business Unlimited® Credit Card offers a straightforward, uncomplicated rewards structure with an unlimited 1.5% cash back on every purchase made for your business. This is ideal for small businesses with varied spending patterns, eliminating the need to track specific bonus categories. Small business owners can concentrate on their core business operations while knowing every dollar they spend contributes to their cash back earnings.
Generous Welcome Offer
This card incentivizes new customers with a substantial welcome offer — earn $750 after spending $6,000 within the first three months. This is a significant cash injection into your business, equivalent to an impressive 12.5% cash back on your initial spending. It's an exceptional opportunity for companies planning to make large purchases or investments soon after acquiring the card.
No Annual Fee
This card does not carry an annual fee, making it a cost-effective choice for small businesses. It's an excellent perk that enhances the return on investment, particularly for businesses just starting out or not yet spending enough to justify a fee-based card.
Relatively Short Intro APR on Purchases
The card offers an introductory APR on purchases for the first 12 months, which could provide valuable breathing room for businesses with big-ticket purchases planned. However, it's crucial to note that the regular APR kicks in after this period, between 17.99% - 23.99%. You should aim to clear your balance before this period ends to avoid hefty interest payments.
Foreign Transaction Fee
One drawback of this card is its 3% foreign transaction fee, which may make it less appealing for international use. If you or your employees frequently travel or make purchases abroad, these fees could quickly add up. While this is not an uncommon fee among business credit cards, companies with significant international operations may want to consider other cards designed for overseas use.
Free Employee Cards
The Ink Business Unlimited® Credit Card offers free employee cards, which is an excellent feature for small businesses looking to streamline their expense management. Not only does this consolidate business expenditure, but it also helps accrue cash back rewards faster. Remember to implement a robust policy to monitor and control employee spending.
How the Ink Business Unlimited® Credit Card Compares
Dive into a head-to-head comparison of two credit cards to discern which aligns best with your financial needs and preferences.
How This Card Compares
Ink Business Unlimited® Credit Card
- Rewards rate: Earn unlimited 1.5% cash back on every purchase made for your business
- Welcome offer: Earn a $750 bonus cash back after spending $6,000 on purchases in the first three months from account opening.
- Regular APR: 17.99% - 23.99% Variable
- Annual fee: $0
- Intro APR offer: 0% fixed Intro APR for the first 12 months, then a variable APR of 17.99% - 23.99% after that
- Best for: Small business owners wanting consistent cash back and no annual fee, with a beneficial intro APR period.
American Express Blue Business Cash™ Card
- Rewards rate: Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. And earn 1% cash back on all eligible purchases after spending $50,000 per calendar year.
- Welcome offer: Earn a $250 statement credit after you make $3,000 in purchases on your card in your first three months
- Regular APR: 17.74% - 25.74% variable see Rates and Fees
- Annual fee: $0 see Rates and Fees
- Intro APR offer: 0% APR on purchases for 12 months (followed by regular APR of 17.74% - 25.74% variable) see Rates and Fees
- Best for: Small businesses looking for a straightforward cash back rewards structure with an enticing welcome offer and no annual fee, paired with an introductory APR advantage.
For rates and fees of the American Express Blue Business Cash™ Card, please click here.
About Grace Pilling
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.
Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.