Name: Ink Business Cash® Credit Card
Brand: Chase

Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year.

Earn 2% cash back on the first $25,000 spent in combined purchases on dining and gas each account anniversary year.

Earn 1% cash back on all other purchases.

The (see rates and fees) is one of the most underrated business cards in Chase's lineup.

At first glance, it appears to be a straightforward cash-back card for small-business owners. But its real value comes from something many applicants overlook: the ability to convert cash back into Chase Ultimate Rewards points when paired with another eligible Chase card.

Between office supplies, internet and phone services, restaurants and gas stations, many small-business owners can earn elevated rewards on expenses they're already paying for every month.

If your business spends heavily in those categories, the Ink Business Cash can deliver tremendous value without charging an annual fee. However, businesses with significant travel expenses or spending that falls outside the card's bonus categories may find more value elsewhere. Card rating*: ⭐⭐⭐⭐

*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

Ink Business Cash: The basics

If you're looking for a business credit card that earns strong rewards on common business expenses without charging an annual fee, the is hard to ignore.

While it's marketed as a cash-back card, I think it's best viewed as a flexible rewards card. That's because cardholders who also have an eligible Chase Ultimate Rewards card can convert their cash back into fully transferable Ultimate Rewards points — one of the most valuable rewards currencies available.

Here's what you need to know:

Annual fee: $0
Best for: Small-business owners who spend heavily on office supplies, internet, cable and phone services
Rewards structure: Elevated cash back on office supply stores, internet, cable and phone services, plus bonus rewards at restaurants and gas stations
Key benefits: Employee cards at no additional cost, purchase protections, extended warranty coverage and primary rental car coverage when renting for business purposes
Rewards currency: Cash back that can be converted into Chase Ultimate Rewards points when paired with an eligible Chase card

Unlike many no-annual-fee business cards, the Ink Business Cash offers a clear path to earning transferable travel rewards, making it such a compelling long-term card for both small-business owners and points enthusiasts.

Ink Business Cash pros and cons

Pros	Cons
Strong bonus categories for common business expenses No annual fee Free employee cards Ability to convert cash back into Chase Ultimate Rewards points Valuable purchase protections and rental car coverage	Bonus earning categories are capped annually Requires another Chase card to maximize value

Ink Business Cash benefits

Free employee cards

One benefit of the that many business owners might appreciate is that employee cards come at no additional cost.

Not only can you earn rewards on employee spending, but Chase also allows you to set individual spending limits. For small-business owners who want additional oversight without creating friction for employees, that's a valuable feature.

Purchase protection

Business purchases can add up quickly, especially when you're buying equipment, technology or office supplies.

The Ink Business Cash includes purchase protection, which covers eligible new purchases against damage or theft for up to 120 days from the purchase date. Coverage is available for up to $10,000 per claim and $50,000 per account.

I wouldn't choose a card solely for its purchase protections, but benefits like these can save you a significant amount of money if something goes wrong.

Extended warranty protection

The card also includes extended warranty protection on eligible purchases.

When you use the Ink Business Cash to purchase an item with a U.S. manufacturer's warranty of three years or less, Chase will extend the warranty by an additional year.

For business owners who regularly purchase computers, monitors, office equipment or other expensive tools, this can provide valuable peace of mind.

Auto rental collision damage waiver

This is one of the card's most underrated benefits.

When renting a vehicle for business purposes, the Ink Business Cash provides primary auto rental collision damage waiver coverage when you decline the rental company's collision insurance and charge the rental to your card.

Sightseeing while driving the Glenn Highway_Travel Alaska:Ben Prescott — TRAVEL ALASKA/BEN PRESCOTT

Coverage applies to most rentals in the U.S. and abroad and can reimburse you up to the vehicle's actual cash value for covered theft or collision damage.

Primary rental car coverage is a benefit I always appreciate seeing on a card, especially one that doesn't charge an annual fee.

Travel and emergency assistance services

When traveling away from home, cardholders can access travel and emergency assistance services.

Representatives can help connect you with medical, legal and other emergency resources if needed. While you'll be responsible for any services you obtain, having access to assistance while traveling can be reassuring.

Fraud protection

The Ink Business Cash includes zero liability protection and Chase's fraud monitoring tools to help safeguard your account against unauthorized charges.

Mature male entrepreneur working on laptop by female colleague in food truck — MASKOT/GETTY IMAGES

This isn't the flashiest perk on the card, but I think it's one of the most important. Small-business owners already have enough on their plates, and knowing Chase is actively monitoring for suspicious activity provides an added layer of security.

How to earn and use your rewards

Earning cash back

With the , you'll earn:

5% cash back at office supply stores and on internet, cable and phone services (on up to $25,000 in combined purchases each account anniversary year)
2% cash back at gas stations and restaurants (on up to $25,000 in combined purchases each account anniversary year)
1% cash back on all other purchases

The 5% category is where this card really shines.

While office supply stores may sound niche at first, many businesses can maximize this category through purchases of office equipment, technology accessories and gift cards sold at office supply retailers. Combined with internet and phone bills, I think it's one of the strongest bonus categories offered by any no-annual-fee business card.

Redeeming your rewards

If you prefer simplicity, you can redeem your rewards as cash back in the form of a statement credit or direct deposit into an eligible U.S. checking or savings account.

The card also offers other redemption options, including gift cards, travel, Amazon Shop with Points and merchandise through the Apple Ultimate Rewards Store.

Coffee Shop Owner doing some Paperwork — PIXELEFFECT/GETTY IMAGES

However, I generally wouldn't recommend those redemption methods because they often provide less value than a straightforward cash-back redemption.

Converting cash back into Ultimate Rewards points

This is what separates the Ink Business Cash from most competing business cards.

If you also carry an eligible Chase Ultimate Rewards card — such as the (see rates and fees), the (see rates and fees) or the (see rates and fees) — you can convert your cash-back rewards into fully transferable Ultimate Rewards points.

Based on TPG's September 2026 valuations, Ultimate Rewards points are worth 2.05 cents apiece. That means the card's 5% bonus categories can effectively become 5 points per dollar spent, resulting in a return of roughly 10% based on our valuations.

Personally, I think this flexibility is what makes the Ink Business Cash so compelling. You can keep things simple and redeem for cash back, or you can pursue higher-value travel redemptions through Chase's airline and hotel partners.

King premium room at Caption by Hyatt Central Sydney — KATIE GENTER/THE POINTS GUY

TPG contributing editor Matt Moffitt converts the cash back he earns on his Ink Business Cash into Ultimate Rewards points through his Chase Sapphire Reserve account.

From there, he often transfers points to World of Hyatt, one of Chase's most valuable transfer partners.

I think this is the best strategy for most points enthusiasts. Hyatt redemptions frequently provide excellent value, and transferring rewards can unlock far more value than simply redeeming them for cash back.

Potential drawbacks of the Ink Business Cash

The isn't the perfect card for every business owner.

The biggest drawback is that the card's bonus categories are capped. Once you spend $25,000 in combined purchases each account anniversary year in either the 5% or 2% categories, earnings drop to 1%.

The card also lacks premium travel perks. You won't receive airport lounge access, travel credits, elite status benefits or other luxury travel benefits found on more expensive business cards.

Additionally, while I think the ability to convert cash back into Ultimate Rewards points is one of the card's greatest strengths, it does require holding another eligible Chase card. If you only carry the Ink Business Cash, your redemption options are more limited.

Ink Business Cash vs. Ink Business Preferred

Business owners considering the Ink Business Cash should also take a close look at the .

The Ink Business Preferred charges a $95 annual fee but earns bonus points on travel, shipping purchases and advertising purchases made with social media sites and search engines. It also earns Chase Ultimate Rewards points directly and includes additional travel protections.

Businesswoman meeting with financial advisor in office conference room — THOMAS BARWICK/GETTY IMAGES

For businesses that spend heavily in the Ink Business Cash's bonus categories, I think the two cards actually complement each other quite well.

However, if I had to choose just one card, I'd generally recommend the Ink Business Cash for business owners who prioritize keeping costs low and maximizing rewards on everyday operating expenses.

Is the Ink Business Cash worth it?

For many small-business owners, yes.

I think the is one of the easiest business cards to justify keeping long-term because it charges no annual fee while offering some of the strongest bonus categories available. The ability to convert cash back into Chase Ultimate Rewards points only strengthens its value proposition.

When to apply for the Ink Business Cash

New cardholders can earn $750 bonus cash back after spending $6,000 on purchases in the first three months from account opening.

The current welcome offer is worth $750 when redeemed as cash back. However, if you also hold an eligible Ultimate Rewards-earning card, you can convert that cash back into 75,000 transferable Chase Ultimate Rewards points. Based on TPG's September 2026 valuations, those points are worth $1,538.

Woman using a laptop — MINISERIES/GETTY IMAGES

To turn the cash-back bonus into Ultimate Rewards points, you'll also need to have one of the following cards in your wallet:

(see rates and fees)

But remember, the Ink Business Cash is generally subject to Chase's 5/24 rule, meaning you'll likely be denied if you've opened five or more personal credit cards across all issuers in the past 24 months.

Other cards to consider if you don't want the Ink Business Cash

If earning elevated rewards on office supplies, internet and phone services without paying an annual fee is your primary goal, the Ink Business Cash is hard to beat. However, another card may be a better fit depending on your spending habits and business goals.

If you want premium travel perks: The offers benefits like airport lounge access, travel credits and enhanced travel protections, making it a stronger choice for frequent business travelers. To learn more, check out our full review of the Chase Sapphire Reserve for Business.
If you spend heavily on travel, shipping and advertising purchases: The (see rates and fees) offers elevated rewards on several common business expenses and may be a better fit for businesses with higher spending levels. To learn more, check out our full review of the Ink Business Premier.
If you prefer simple rewards on every purchase: The (see rates and fees) earns a flat rate on purchases without requiring you to track bonus categories, making it a strong option for businesses with diverse spending. To learn more, check out our full review of the Ink Business Unlimited.

For additional options, check out our full lists of the best business credit cards and the best Chase credit cards.

Bottom line

The Ink Business Cash is proof that you don't need to pay an annual fee to earn valuable rewards on business spending.

I wouldn't recommend it to business owners looking for premium travel perks or uncapped bonus categories. But if your spending aligns with the card's bonus categories, the combination of strong earning rates, useful protections and the ability to convert cash back into Chase Ultimate Rewards points makes it one of the most rewarding no-annual-fee business cards available.

The card has a generous welcome offer, so if you've been considering the Ink Business Cash and can comfortably meet the spending requirement, now is a good time to apply.