Posted by William Charles on May 19, 2018
Credit Cards

Published on May 19th, 2018 | by William Charles

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Chase Releases New Chase Ink Business Unlimited Card – 1.5% On All Purchases

Update 05/22/18: Card is now live, more information here.

Update 05/19/18: Reposting just in case this is your last chance to get the Chase Ink Cash.

Chase will release a new business card on May 20th called the Chase Ink Business Unlimited card. It has the following features:

  • $500 sign up bonus after $3,000 in spend within 3 months
  • Card earns 1.5% cash back on all purchases
  • No annual fee

It’s not clear if this card will replace the Chase Ink Cash card, or if both will be offered alongside each other. This is basically just a business version of the Chase Freedom Unlimited, when that card was released the regular Chase Freedom was kept along side it. That being said if you’re interested in the Chase Ink Cash, I’d recommend signing up sooner rather than later if you’re eligible especially as it currently comes with a $500 bonus. This new card will likely be subjected to the Chase 5/24 rule, but keep in mind Chase business cards do not count towards your 5/24 total. This means if you’re over 5/24 you won’t be eligible, but if you’re under 5/24 you’ll be eligible and it won’t count as a card towards your total.

 



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Kool Stone
Kool Stone

Just want to be clear: “Under 5/25” means “Already” have more than 5 cards in past 24 months. Right?

VB
VB

I think you have it backwards. “Under” 5/24 means you have 4 or less card accounts that count for Chase’s considerations (generally personal) in the last 24 months. If you’re under 5/24, you can get this card and it won’t count as a +1 to your number.

Kool Stone
Kool Stone

Yeah, I understand it backwards. I mean, I understood “Under” meaning “limits”. So… Thanks for explanation~

Rox
Rox

“Under 5/24” means one has opened for less than 5 cards in the past 24 months. Also I suggest that you read this article https://www.doctorofcredit.com/chase-524-rule-explained-detail-need-know/

PG
PG

Rox How may chase cards one can get in given period?

Raghul
Raghul

Assuming you did not open any other bank card during the 24 month period, you can get upto 5 chase personal cards. Your application will be rejected when you apply for the 6 chase card within the 24 month period.

You can apply for any number of chasw business card as it is not counted.

Kool Stone
Kool Stone

Thanks for explanation~

MickeyMouse
MickeyMouse

Yes it means having received 5 cards which show up on your personal credit reports within the last 24 months.

Carolina
Carolina

If it says you need to be under 5/24 it means you can’t have more than 4 new accounts opened (and showing in your credit reports) in the last 24 months. Keep in mind that business cards usually don’t show up.

Charlie
Charlie

Here’s how I see this change. Once Chase has both a 1.5% card and a 5% card in both the personal and business sectors, they can then make a rule that limits transfers of UR points from the 5% cards while continuing to allow it for the 1.5% cards.

perfectviking
perfectviking

They’ll just separate the product lines like Amex does and the cash back cards will earn cash and the points-earning cards will earn UR. It’s as simple as that.

tennismenace3
tennismenace3

tbh I’d be fine with 3x quarterly categories instead of limiting the transfers.

Darvin Ray
Darvin Ray

I agree with perfectviking. I can see them separating the cashback cards from the points earning cards, and the announce that they will stop allowing card holders to be able to combine points between the two.

t
t

or separate the Business account from personal account to prevent cross transferring

Yoni
Yoni

Yup, Chase has definitely been plugging the holes lately, bit late to the slo Churn/burn was over 5/24 since last summer until this month.

The cross transfer between Biz/Personal is part of what makes or made paying Chase the most attractive. I’m less interested in 1.5% CB as I already have a Biz card that offers that and more. Hopefully it will be both CB and UR, otherwise the CSR becomes far less attractive $450/yr even more so with the downgrades coming this August to the CSR.

But a CSR Ink could be attractive esp. since it would be much easier to deduct the AF and not get it denied if audited.

Dan
Dan

In a best case scenario, this card will be in addition to ink cash and I’ll be able to sign up for another chase bonus.

I suspect the UR transfers are going away and that’s why the bonuses are so good.

Radster
Radster

I wonder if this is why my Ink Cash and Preferred pre-approvals disappeared this week.

Jeff H
Jeff H

My read has been if you pick up a preapproval, any other preapprovals drop off more times than not. I do know from personal experience after opening in branch a Chase $300 personal checking account, I selected CIC out of five preapprovals on the in branch screen, the other four disappeared after my CIC application was approved in branch.

My read has given me the impression preapprovals are limited time only offers.

Credit
Credit

For CIP to get the 100k UR points MY BRM said that I need to maintain 100k deposit or have a million dollar revenue business. Is he bullshitting?

Lrdx
Lrdx

Bullshitting.

Credit
Credit

I thought so. What’s the remedy? Write to chase that they have a rogue BRM?

MickeyMouse
MickeyMouse

Possible BRM mean that you need that to maintain a certain status (CPC or having a BRM) not that the bonus would be clawed back…I would just disregard it and go to a different branch next time.

Moe
Moe

I just signed up with a brm with 140k revenue, ymmv?

Deborah
Deborah

I was just approved for this card. I met with a banker, she did a paper application. I have an extremely modest business, there was NO deposit requirement, and I am 7/24 with FICO > 800. Maybe I was just lucky. On the other hand, I just realized that I can’t use Plastiq to make mortgage payments to meet minimum spend, as I was planning to do, because the CIP is a Visa card. I am scrambling for alternatives.

Josh
Josh

This works out so well for me. I’ve recently gotten my wife on board the churning game – and our strategy for the past 6 months or so has basically been for me to apply for all the random stuff out there while she hits up Chase Business cards, thereby keeping her under 5/24. And here’s another 50k UR points!

Two player mode makes churning a lot easier to exploit.

MickeyMouse
MickeyMouse

Works even better with Chase Personal Cards 😉

One gets the card the refers it to the other x5.

Josh
Josh

You can refer to the same person more than once?

MickeyMouse
MickeyMouse

Yes lol

Say you have:
Freedom
Freedom Unlimited
Sapphire R or P
CIP
And Southwest.

All those you can refer someone to regardless of if it is the same person being referred to them all. I don’t think you can double refer someone though. Meaning refer someone then 24 months later refer them again for the same exact card.

MarcoPolo
MarcoPolo

I was also doing that initially but then I realized that I am losing lot of promotions chasing after Chase.
It’s like rejecting all the hot girls waiting for the “right one” to come along 🙂
So now I’m going all out with both players.

W
W

Hmm. Rumors of a $450 Ink Reserve from a while ago doesn’t seem far off now. Looks like Chase is mimicking their personal cards lineup.

H XU
H XU

as long as the new card has no 5x, who cares?
with 2x plus and 1x cash, enough 5x quota to play with

captainsave
captainsave

Why is nobody else worried that it might replace the ink cash???

CNS1280
CNS1280

I’m definitely worried. I use both the ink cash and my ink plus. Not going to be happy with just getting 1.5X when I’m currently getting 5X on the certain categories.

Vy
Vy

It’s always a possibility, but let’s not give Chase any ideas, shall we?

Pam
Pam

William Charles, what does “J&S liability” have to do with whether they PC the Cash to this?

Hoping they don’t auto replace the CIC but this is a good PC option for the CBP.

Pam
Pam

Also, is there also the same year requirement (as with Personal cards) to PC Biz cards?

Josh
Josh

Any hesitation about having a Chase Ink Preferred that you will want to PC at the end of this year to a Chase Ink Cash – should I do that now just in case, or likely still possible to PC to like the vanilla sapphire?

MickeyMouse
MickeyMouse

I’m officially under 5/24 (4/24 right now) but I have a conundrum.

Currently have 3 personal Chase Cards.

2 Business Chase Cards.

Business Cards add up to over 40% of total Business Sales.

I need the SouthWest Business Card now because they no longer allow 2 personal’s for the Companion Pass I’d use it for 3-4 Roundtrip Flights (the CP) total value of that would be (conservatively speaking) 13k per RT flight so total of 52k points.

But I also want this new Ink Unlimited Card:

Ugh…thoughts?

Vince
Vince

I sure hope Chase is liberal with pre-approvals for this new card!

Josh
Josh

Has there been any word on if this is truly 1.5% back and $500 cash back or is it really 1.5% UR points and 50,000 UR points?

Jeremiah
Jeremiah

I’d be shocked if they reversed their trend of the past years and made it actual cash back instead of UR points. But I guess there’s nothing certain about it, especially if they’re planning on restricting inter-card transfers.

MickeyMouse
MickeyMouse

I don’t think they’re planning on restricting inter-card transfers, possibly only the household members part as of now no update on that, but it was just speculation.

MickeyMouse
MickeyMouse

So will this be live at midnight? 🙂

Abe
Abe

Thanks for the heads up.

I’ve just cashed out my 50,000 UR (plus more 5% category points) from the ink cash bonus today. I’ll be looking forward to applying for this new 1.5 % Ink card and pocketing another $500.

tinytavosa
tinytavosa

I cringed when you said cashed out…. noooooooooo.

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