Chase Business Cards Are Back With 100K and 200K Welcome Offers — But One Deadline Is Days Away

Chase just rolled out some of the biggest business card welcome offers we've seen from them in a while. The Sapphire Reserve for Business is back at 200,000 points, and both no-annual-fee Ink cards are sitting at 100,000 points. But there's a catch — the Ink offers have a hard deadline of 9 AM EST on September 17, 2026. If you've been on the fence, this is one of those moments where waiting could cost you.

The 200K Monster Offer on Sapphire Reserve for Business

Let's start with the big one. The Sapphire Reserve for Business is offering 200,000 Ultimate Rewards points after you spend $30,000 in the first 6 months. That's the same as its inaugural offer, and it's a ton of points — easily worth $2,000 or more depending on how you redeem them.

The catch, obviously, is that $30,000 spend requirement. That's a lot of money to push through in six months. If you run a business with significant expenses — or you're comfortable manufacturing spend — it's doable. But for most sole proprietors and small businesses, it's a serious stretch.

The card itself carries a hefty $795 annual fee, but it comes with a long list of credits and perks that can offset a good chunk of that if you'll actually use them. We're talking a $300 annual travel credit, up to $500 in The Edit hotel credits each year, a $200 Google Workspace credit, $400 in ZipRecruiter credits, and more. Plus, you get 8x on Chase Travel bookings, 4x on flights and hotels booked directly, and 3x on social media and search engine advertising.

• 200,000 points after $30,000 spend in 6 months
• $795 annual fee
• 8x on Chase Travel, 4x on direct flights/hotels, 3x on social media and search ads
• Includes $300 travel credit, up to $500 The Edit credit, $200 Google Workspace credit, and more

The No-Fee Ink Cards: 100K Points for $8K Spend

Here's where things get interesting for a lot more people. Both the Ink Business Cash and Ink Business Unlimited are offering 100,000 points after just $8,000 in spending within the first 4 months. That's a quarter of the spend requirement on the Sapphire Reserve for Business, and neither card has an annual fee.

The Ink Business Cash is the one to look at if you spend a lot on office supplies, internet, cable, or phone services — it earns 5x on those categories up to $25,000 per year. It also gives 2x on gas and restaurants up to $25,000 combined annually. The Ink Business Unlimited is simpler: 1.5x on everything, no category tracking required.

Both cards are solid keepers even after the welcome offer. They pair well with a Sapphire Reserve or Ink Business Preferred if you have one, since you can pool your points and get more value through transfers. But even on their own, 100,000 points for $8,000 in spend is one of the best no-fee business card offers out there.

• 100,000 points after $8,000 spend in 4 months
• No annual fee on either card
• Ink Business Cash: 5x office supplies, internet, cable, phone; 2x gas and restaurants
• Ink Business Unlimited: 1.5x on all purchases

Why the Deadline Matters

The 100K offers on both Ink cards are set to expire at 9 AM EST on September 17, 2026. That's not a soft deadline — Chase has a history of pulling offers right on time. If you want one of these cards, you need to apply before that window closes.

As for the 200K offer on the Sapphire Reserve for Business, we haven't heard a specific end date yet. It could stick around for a while, or it could disappear without much warning. If you're seriously considering it, there's no harm in applying sooner rather than later.

The Hyatt Transfer Change You Need to Know About

Starting June 15, 2026 for new applicants and October 1, 2026 for existing cardholders, you'll need a Sapphire Reserve card — either the consumer or business version — to transfer Ultimate Rewards points 1:1 to World of Hyatt. That's a significant change for anyone who relies on Hyatt transfers for outsized value.

If you're planning to keep earning points with a no-fee Ink card and transfer them to Hyatt, that strategy is going away unless you also hold a Sapphire Reserve. It's worth factoring into your decision if Hyatt redemptions are a big part of your points strategy.

Chase Application Rules to Keep in Mind

Before you apply for any Chase card, you need to understand the bank's approval rules. The most famous is the 5/24 rule: if you've opened five or more credit cards from any bank in the past 24 months, you're very likely to be denied. Most business cards don't count toward that total, but there are exceptions — TD Bank, Discover, and certain Capital One Spark cards do count.

There's also the 24-month rule for welcome offers. If you've had a particular card before, you can only get the welcome offer again if you no longer have the card and it's been more than 24 months since you last earned a welcome offer on it. This doesn't apply to the Sapphire Preferred and Reserve cards in the same way, but both have their own limitations if you've previously had the same card.

For Ink cards specifically, there's a "lifetime" rule that may prevent you from getting a welcome offer if you've ever had the same card or any other no-annual-fee Chase business card. It's not clear how strictly this is enforced, but it's something to be aware of. If you're unsure about your eligibility, you can always call Chase's application status line at (888) 338-2586 after applying, or the reconsideration line at (800) 453-9719 for business cards if you're denied.

• 5/24 rule: 5+ new cards from any bank in 24 months = likely denial
• 24-month rule: can't earn welcome offer again on same card unless you no longer have it and it's been 24+ months
• Ink lifetime rule: may not be eligible if you've ever had the same Ink card or another no-fee Chase business card
• Application status: (888) 338-2586
• Business reconsideration: (800) 453-9719

Bottom Line

• The Ink Business Cash and Ink Business Unlimited offers end at 9 AM EST on September 17, 2026 — apply before then if you want them.
• The Sapphire Reserve for Business has a huge 200K point offer but requires $30,000 in spend, which is a high bar for many businesses.
• Both Ink cards offer 100,000 points for $8,000 in spend and have no annual fee, making them excellent value.
• Starting in mid-2026, you'll need a Sapphire Reserve card to transfer points 1:1 to Hyatt — factor this into your long-term strategy.
• Chase's 5/24 rule and other application restrictions can trip you up, so check your eligibility before applying.

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