Chase Ink Business Cash Review: 100K Bonus, 5x Points, No Annual Fee

The Ink Business Cash® Credit Card is one of the most compelling no annual fee business credit cards out there. It has a huge welcome bonus, very lucrative bonus categories, and it gives you the flexibility to earn cash back, or convert rewards into Ultimate Rewards points. So this is my in-depth review of the Chase Ink Business Card — it’s a credit card that I personally have, and it’s one that I love.

Of Chase’s excellent collection of Ink business cards — including the Cash, Preferred, and Unlimited — the Ink Cash is the card with the biggest bonus categories, and which can potentially earn you huge amounts of Ultimate Rewards points.

Much like with the Chase Ink Unlimited, there’s a trick to maximizing the rewards you earn on this card, though. The “Cash” part of the card’s name can be deceiving, since you’ll get the most value out of the card by not choosing to earn cash as your reward.

Link: Learn more about the Ink Business Cash® Credit Card with 100,000 points ($1,000 cash back)

Chase Ink Business Cash Card overview & basics

There are so many great reasons to get the Chase Ink Business Cash, from the fact that it has no annual fee, to its excellent welcome bonus, to the valuable purchase protection it offers. While some credit cards are straightforward, the Chase Ink Cash requires you to know what you’re doing. But if you do know what you’re doing, this card will prove hugely useful.

Below is a quick rundown of the basics of the Chase Ink Cash, and then I’ll get into more detail below.

Chase Ink Cash welcome bonus: $1,000 or 100,000 points

At the moment, the Chase Ink Business Cash is offering a limited time welcome bonus of 100,000 bonus points (or $1,000 cash back) when you spend $8,000 on purchases in the first four months after account opening. This is the best welcome bonus we’ve ever seen on this card, and I also consider this to be the best welcome bonus offered by any no annual fee card out there. Note that this is a last chance for the offer, as the 100K bonus is expected to be pulled at 9AM EDT on Thursday, September 17, 2026.

On the surface this is a cash back card, meaning that the 100,000 points are worth $1,000 cash back. However, you can potentially convert these rewards into “full” Ultimate Rewards points, which I value at 1.7 cents each, so to me that bonus is worth $1,700. Yes, on a no annual fee card. That’s incredible.

Chase Ink Cash no annual fee & free employee cards

The Ink Business Cash has no annual fee. Getting a no annual fee card that’s super rewarding is rare, especially when you consider the value of the welcome bonus. This is a card that you can keep long term, and it won’t cost you anything. There’s also no fee for adding employee cards, and you can even control their purchases with individual spending limits.

I’d argue that this is one of the two most compelling no annual fee business cards, along with The Blue Business® Plus Credit Card from American Express (Rates & Fees), which offers 2x Membership Rewards points on the first $50,000 spent each calendar year (and 1x points after that).

Chase Ink Cash rewards: up to 5% cash back or 5x points

What really sets the Chase Ink Business Cash apart is the incredible points earning rates that the card offers. The Chase Ink Cash offers 2-5% cash back (or 2-5x points) in select bonus categories:

• The Ink Business Cash Card offers 5% cash back (or 5x points) on the first $25,000 of combined purchases per cardmember year on office supply stores, internet, cable TV, mobile phones, and landlines
• The Ink Business Cash Card offers 2% cash back (or 2x points) on the first $25,000 of combined purchases per cardmember year on restaurants and gas stations
• The Ink Business Cash Card offers 1% cash back (or 1x points) on all other purchases

Those are potentially some really awesome bonus categories — there are plenty of businesses that spend a lot on things like internet, cable TV, mobile phones, office supplies, etc.

Specific to the bonus category on office supplies, I think it’s worth mentioning just how useful that can be, as office supply stores sell things like gift cards, tech accessories, and more. Below I’ll get into more details on how you can earn either cash back or points with the Chase Ink Cash.

If nothing else, earning 5x points on your cell phone and cable bill is huge, in my opinion. However, I should note that some may prefer the Ink Business Preferred® Credit Card (learn more), which offers 3x points on your cell phone bill, but also offers a great cell phone protection plan.

Chase Ink Cash cardmember year definition

There’s an annual cap on Chase Ink Cash bonus categories, of $25,000 of combined purchases in the 5% and 2% categories.

For those of you not familiar with the cardmember year term, this is different than a calendar year. That means the Chase Ink Cash bonus cap resets on your account anniversary, which is 12 months from when you opened your card.

Chase Ink Cash 3% foreign transaction fees

While the Chase Ink Cash Card is a top notch card for purchases within the United States, the card does have 3% foreign transaction fees, so I don’t recommend using this card for purchases abroad. If you’re looking for a similar card with no foreign transaction fees, consider the Ink Business Preferred® Credit Card.

How to maximize the value of Chase Ink Cash rewards

The Chase Ink Business Cash is marketed as offering cash back, and that cash back can be redeemed for statement credits, direct deposit, gift cards, and more.

As you can see, the card offers anywhere from 1-5% cash back, depending on the category that you’re spending money in. Earning 5% cash back on purchases is excellent, while earning 1% cash back isn’t nearly as exciting.

That’s potentially valuable in the categories in which the card offers bonus points, since 2-5% cash back on a no annual fee card is solid. However, for base spending you’re only earning a return of 1%, which isn’t terribly competitive.

But if you value points similarly to how I do, there’s a way to increase the value of all of your rewards by 25-70%. This makes the bonus categories offered by the Chase Ink Cash particularly exceptional.

How to convert cash into Ultimate Rewards points

The Chase Ink Business Cash is marketed as being a cash back card, though in reality, the card earns points. As mentioned above, you can earn 1-5x points per dollar spent, and then you can ordinarily redeem each point for one cent cash back. That’s how Chase arrived at the valuation of 1-5% cash back with this card.

Fortunately there’s a trick to greatly increasing the value of your Chase Ink Cash rewards. If you have the Ink Business Cash in conjunction with another card that earns “premium” Ultimate Rewards points, then you can do significantly better. These cards include the following:

• Chase Sapphire Preferred® Card (learn more)
• Chase Sapphire Reserve® Card (learn more)
• Ink Business Preferred® Credit Card (learn more)
• Sapphire Reserve for Business℠ (learn more)

If you have the Chase Ink Cash in conjunction with one of those cards, suddenly your points are much more valuable, and can be redeemed as follows through Chase Travel℠:

• If you have the Chase Sapphire Preferred or Ink Business Preferred, points can be redeemed for up to 1.75 cents each toward a travel purchase with Points Boost
• If you have the Chase Sapphire Reserve, points can be redeemed for up to 2.5 cents each toward a travel purchase with Points Boost

That increases the value of your rewards significantly, and you can potentially get even more value out of your points by transferring them to one of the Ultimate Rewards airline or hotel partners, which include the below.

I value Ultimate Rewards points at 1.7 cents each, so that, to me, increases the value of the points earned on this card by 70%. Transferring points between Chase cards is easy and can be done online.

Chase Ink Business Cash card benefits

The Chase Ink Business Cash offers an incredible welcome bonus and generous rewards structure, especially for a no annual fee card. On top of that, there are some other perks that are potentially quite valuable.

Chase Ink Cash rental car coverage

The Ink Cash offers primary collision damage waiver coverage for rentals of most types of vehicles in most countries, except where it is prohibited by law, by individual merchants, or is in violation of the territory terms of the rental agreement. There aren’t many no annual fee cards offering rental car coverage, so I think that’s pretty remarkable.

This is valid when renting globally for business purposes, and you just have to decline the rental company’s collision insurance and charge the entire rental cost to your card.

Prior to renting, you should check with the benefits administrator (call the number on the back of your card) to verify your coverage. Keep in mind, you’re only eligible for coverage when renting for business purposes. For personal rentals, look to the Chase Sapphire Preferred® Card (learn more) or Chase Sapphire Reserve® Card (learn more).

Chase Ink Cash travel & purchase protection benefits

In addition to rental car coverage, the Ink Cash offers other benefits, including (but not limited to) the following:

• Purchase protection for up to 120 days against damage or theft; coverage is available for up to $10,000 per claim and $50,000 per account
• Extended warranty protection, for up to a year on eligible purchases; this is available when you purchase an item with a US manufacturer’s warranty of three years or less
• Zero liability protection, to safeguard your account against unauthorized charges

You’ll want to read the cardmember agreement for exact terms, but this has the potential to be extremely valuable for purchases as well. It’s one of those perks you don’t think of much when you don’t need it, but when you do, it can save you a lot of money.

Chase Ink Cash card eligibility & how to get approved

Every credit card comes with its own eligibility terms, and if you look at the offer terms for the Ink Business Cash, you’ll see the following rules:

The new cardmember bonus may not be available to you if you have ever had this card or any other Chase for Business card without an annual fee. We may also consider factors pertinent to your business in determining your bonus eligibility.

If you want to be approved for a Chase Ink card, there are some general restrictions to be aware of:

• The Ink Cash is subjected to Chase’s “5/24 rule,” meaning you typically won’t be approved for the card if you’ve opened five or more new card accounts in the past 24 months (many business card applications don’t count toward that limit); that being said, there are increasingly data points that this is no longer enforced
• You may not be eligible for the Ink Cash bonus if you have another no annual fee Chase business card, like the Ink Unlimited; however, you are eligible if you have any other Chase business card, including the Ink Preferred
• You can apply for this card if you have a corporation or a sole proprietorship; many people don’t realize that a sole proprietorship makes you eligible for a business card
• While there’s no hard limit to how many Chase credit cards you can have, there is often a limit to how much total credit Chase will extend you
• Generally, I recommend only applying for one Chase business card every 30 days at most

Is the Chase Ink Business Cash right for you?

The Chase Ink Business Cash is one of the most rewarding business credit cards out there. The key is that I wouldn’t recommend using this as your primary business credit card for everyday spending. Rather use this as a complement to your overall card portfolio.

The 5x points categories on the Chase Ink Cash are really spectacular, so use those as much as possible. In conjunction with Ultimate Rewards, I value the 5x points at a return of 8.5%.

The other thing that’s amazing about the Chase Ink Business Cash is the welcome bonus — earning $1,000 cash back or 100,000 Ultimate Rewards points for a no annual fee card is simply incredible.

Comparing the Ink Cash & Ink Unlimited

The Ink Business Unlimited® Credit Card (learn more) is Chase’s other lucrative no annual fee business card. You’re typically only eligible for the welcome offer on one card or the other, so understandably, many people may be deciding between the two products.

The truth is that there are lots of similarities between the two cards — they have both no annual fee, both offer rental car coverage, etc. The question of which card makes the most sense comes down to your spending patterns. The Chase Ink Cash is more lucrative if you spend a lot in the bonus categories, while the Chase Ink Unlimited is more lucrative if you don’t spend much in the bonus categories.

You can find an in-depth comparison of the two no annual fee Chase Ink cards here. Below is a chart comparing some of the main aspects of the two cards.

Complement the Ink Cash with other Chase cards

In many ways the best complements to the Ink Business Cash are two other Chase business cards that can earn points — the Ink Business Preferred and Sapphire Reserve Business, and you can also earn the welcome bonuses on all of those cards:

• The Ink Business Preferred® Credit Card (learn more) has a $95 annual fee, and offers 3x points on the first $150,000 spent each cardmember year on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engines
• The Sapphire Reserve for Business℠ (learn more) has a $795 annual fee, and offers 4x points on direct airfare and hotel purchases, 3x points on select advertising purchases, and up to thousands of dollars in credits annually, plus lounge access

I should mention that while the Ink Business Premier® Credit Card (learn more) can be very lucrative as well, this is purely a cash back card, and there’s no way to convert those rewards into Ultimate Rewards points.

Chase Ink Business Cash Card FAQs

Bottom line

The Chase Ink Business Cash is an incredible business credit card. It has no annual fee, some phenomenal bonus categories, valuable perks like rental car protection, and a fantastic limited time welcome bonus of 100,000 points. If you’re eligible for the card then I’d highly recommend applying, especially if you spend a lot in the bonus categories that the card offers.

On top of that, being able to earn 2-5x points on a card that complements other Ultimate Rewards cards is an excellent opportunity. Add in the fact that the card offers great benefits, and this is a no annual fee card you’ll want to keep long term.

If you’re looking for a card that’s really well-rounded for your everyday business spending, consider the Chase Ink Business Unlimited, which offers 1.5x points on all purchases. Lastly, the Chase Ink Business Preferred is one of the most well-rounded business credit cards out there, in my opinion.

If you have the Chase Ink Business Cash, what has your experience been with the card?

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Blue Business® Plus Credit Card from American Express (Rates & Fees).