The Chase Ink Business Cash has quietly become one of the most rewarding no-annual-fee business cards around, and right now its welcome offer is the biggest it has ever been: 100,000 bonus points (worth $1,000 in cash back) after spending $8,000 in the first four months. The catch is timing — the 100K bonus is expected to disappear at 9AM EDT on Thursday, September 17, 2026.
The "Cash" in the name undersells the card. On its own you earn 5% back at office supply stores and on internet, cable and phone bills (first $25,000 combined per account anniversary year), 2% at restaurants and gas stations (same cap), and 1% everywhere else. That's already solid for a card with no annual fee, but the real trick is pairing it with a premium Chase card like the Sapphire Preferred, Sapphire Reserve or Ink Business Preferred. Do that and your cash-back balance becomes convertible Ultimate Rewards points, redeemable through Chase Travel at up to 1.75–2.5 cents each, or transferable to airline and hotel partners. One reviewer who values points at 1.7 cents each puts the welcome bonus alone at roughly $1,700 — on a card that costs nothing to hold.
For businesses that burn through phone bills, internet costs and office supply runs, those bonus categories add up fast, and the category cap resets on your account anniversary rather than the calendar year. Employee cards are free, and you can set individual spending limits on each one.
There are a few limitations worth knowing. The card charges a 3% foreign transaction fee, so it's a poor choice for spending abroad — the Ink Business Preferred is the better travel companion. Rental car coverage is included, but only primary collision damage on business rentals. Purchase protection runs 120 days against damage or theft (up to $10,000 per claim), plus extended warranty coverage of up to a year.
Approval isn't automatic. Chase's "5/24" rule technically applies — you're usually out of luck if you've opened five or more cards in the past 24 months, though recent reports suggest it's enforced less strictly. You also may not qualify for the bonus if you've previously held this card or another no-fee Chase business card like the Ink Unlimited.
Why should holiday travellers care? Because points earned on ordinary business expenses can fund flights and hotels. If you run even a small side business, a no-fee card that turns utility bills into transferable airline points is one of the cheapest ways to stockpile rewards — provided you apply before the bonus disappears.