Chase has unveiled its new Ink Business Unlimited credit card that offers unlimited 1.5% cash back to small business owners.

Cardholders will be able to enjoy rewards on every purchase, irrespective of the category. The card does not require any annual fees and minimum balance to redeem the earned points.

Customers will also get $500 bonus cash back on $3,000 of transactions during the first three months after account opening.

Chase Branded Cards president Catherine Hogan said: “Small business owners today are hyper-focused on growing their business and eliminating distractions.

“We are providing a tool that helps manage cash flow and expenses, in a straightforward way that matches their working style.”

The new product expands the company’s existing Ink portfolio comprising Ink Business Preferred and Ink Business Cash cards.

The Ink Business Unlimited card is said to have been designed based on insights from business owners who seek simple approaches to improve productivity and efficiency.

Chase has also partnered with professional skateboarder and business owner Tony Hawk to provide small business merchants with advice on increasing productivity of their business.