Is the Ink Business Unlimited Credit Card Right For Me?

With dozens of different business rewards credit cards to choose from, it can be challenging to sort through all of your options and pick the right one. Understanding if a rewards card is right for you is almost always a matter of examining your own spending habits first, and then understanding which card’s perks, benefits and fees will give you the highest return on your dollar.

Sign-up bonus

If a high sign-up bonus is important to you, then the Ink Business Unlimited℠ Credit Card offers a relatively strong option: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

This bonus is even more valuable because the Ink Business Unlimited℠ Credit Card is a no-fee card, so the bonus isn’t offset by money you have to pay to keep the card open.

If you’re looking for an even higher sign-up bonus, then the Ink Business Preferred® Credit Card has this offer: New Offer! Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,250 toward travel when redeemed through Chase Ultimate Rewards®.

0% intro APR

Another perk on the Ink Business Unlimited℠ Credit Card comes in the form of an APR offer: 0% on Purchases for 12 months, and then the ongoing APR of 14.74% – 20.74% Variable APR. That means that you don’t have to pay any interest on the balance that you carry on the card for the first year you have it, which can be helpful if you have a large purchase to make. It’s important to note, though, that if you are carrying a balance after the first year, you will be responsible for making interest payments on it.

A year of 0% APR is a strong perk, but if you’re looking to save even more on interest, then you might want to look at the HSBC Gold Mastercard® credit card which offers 0% Introductory APR on credit card purchases and balance transfers for the first 18 months from account opening, then a variable APR of 12.99% – 22.99% will apply.

If you’re already an Ultimate Rewards collector

Chase Ultimate Rewards has proven to be one of the more valuable and popular travel rewards programs. If you already possess an Ultimate Rewards earning card, then the Ink Business Unlimited℠ Credit Card might be one more to consider adding to your collection.

You can take your $500 sign-up bonus as 50,000 Ultimate Rewards points, and Chase makes it easy to transfer your points between your different accounts. Additionally, your points could have even greater value if you have a Chase rewards card that offers a redemption bonus.

For example, the Chase Sapphire Reserve® offers a 50% bonus for points used in its travel portal, which means that your 50,000-point sign-up bonus on the Ink Business Unlimited℠ Credit Card could have a value of 75,000 Ultimate Rewards points if transferred to your Chase Sapphire Reserve®.

Bonus spending

One of the most important things you need to do before signing up for any rewards credit card is to take a look at your spending and see how it matches up to that card’s bonus spending categories. Traditional bonus categories include things like dining out, travel and grocery store purchases.

However, if you find that the majority of your spending falls outside of these categories then the Ink Business Unlimited℠ Credit Card might be the right card for you. The Ink Business Unlimited℠ Credit Card doesn’t offer any special bonus categories. Instead, the card gives you 1.5% cash back on every dollar you spend.

The card also makes sense if your spending exceeds the rewards caps that exist on other cards. For example, the Ink Business Cash℠ Credit Card will give you 5% back on internet, cable and phone bills, as well as office supplies up to the first $25,000 that you spend in these categories annually. The Ink Business Unlimited℠ Credit Card, on the other hand, has no spending cap on its bonus cash back, so you never stop earning.

The bottom line

The Ink Business Unlimited℠ Credit Card is a well-rounded card that offers value through several different perks:

  • No annual fee.

  • Sign-up bonus: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

  • One year of 0% APR.

  • 1.5% cash back on all spending.

All of these perks mean that it’s easy to get value for every dollar you spend on the Ink Business Unlimited℠ Credit Card.

However, if you’d like a longer 0% intro APR period, or if you have high spending in bonus categories offered on other cards, you might want to consider some of the other options we’ve mentioned.

How to Maximize Your Rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:

This article originally appeared on NerdWallet