How to apply for a Chase business card (A step by step guide)
Meghan Hunter September 28, 2020 By Signing up for credit cards through collaborator links earns us a commission. Terms apply to the offers listed on this page. here ’ s our full advertising policy : How we make money. Don ’ metric ton miss out on the miles and points that you can earn with a small-business credit circuit board – qualifying for a business circuit board is easier than you think. Knowing how to fill out a Chase business-card application for lucrative business accredit cards like the Ink Business Preferred® Credit Card ( and it ’ mho 100,000-point bonus ) can be intimidating or confusing if you ’ ve never done it. If you ’ re one of those people, you ’ re not alone.
here are some guidelines to help you through the procedure .Chase considers most for-profit ventures businesses when it comes to applying for a small-business credit card. (Photo by mavo/Shutterstock)
Are you eligible for a small-business card?
You might qualify as a business if you sell on eBay, Amazon or on local anesthetic sites for a net income. Any for-profit speculation is a business — babysitting, lawn pout, tutoring, etc. Small-business cards make it simple to separate personal and business expenses, and if you ’ re good starting out, it can be an easy way to invest in the business and earn miles and points at the same meter. In addition, you don ’ t need an Employer Identification Number ( EIN ) or six-figure tax income. I applied for an Ink Business Cash® Credit Card using my Social Security Number ( SSN ) as my tax ID because I am a sole owner .
Chase business cards and the “5/24 rule”
If you ’ ve opened five or more personal credit cards ( from any deposit ) in the past 24 months, you won ’ deoxythymidine monophosphate be approved for a newly Chase business accredit card. Most of the time, the business credit cards you ’ ve opened in the previous 24 months don ’ triiodothyronine count toward the five-card limit. For example, business cards from American Express, Bank of America, Citi, Wells Fargo and even Chase preceptor ’ t count against you because they don ’ triiodothyronine appear on your personal credit report. You ’ ll find more information about how to find out if you ’ re over the Chase “ 5/24 rule ” here .
How to complete a Chase small-business credit card application
All Chase business-card applications ask virtually the same questions, but if you ’ ra applying for an airline citation tease ( United Airlines credit poster, Southwest recognition card, etc ) have your commitment account phone number on hand to put on the application. If you don ’ t have a loyalty report before applying, you will be assigned one. These screenshots are from an lotion for the Chase Ink Business Preferred .
Tell Chase about your business
here ’ s how to fill out this form. Legal name of business: If you are a sole owner, your legal business identify can be your own name or the name of your business. Business name on card: This is the business name you want to appear on your credit menu. It can be your name or a variation of your name with your profession – Jane Doe Photography. Business mailing address: Use your home savoir-faire if you run the business from your home. Business phone: Use can use your personal earphone count if that ’ s all that you have. Type of business: Choose sole owner ( a commercial enterprise owned by one person ), partnership ( a business owned by two or more people ) or select the appropriate legal structure of your clientele ( LLC, pot, etc. ). Taxpayer identification number: If you don ’ metric ton have an Employer Identification Number ( EIN ), use your Social Security Number ( SSN ). The box is formatted differently than your Social Security Number, but both numbers are nine digits long, so it works. Number of employees: This is the sum count of employees you have. Select “ 1 ” if you ’ re a sole owner. Annual business revenue or sales: Enter the full amount you receive annually for selling your products or services. If you are equitable starting out and haven ’ t sold anything so far, embark zero. Years in business: Enter the count of years since you started the business. This includes the prison term it took to get up and running before you earned any money or made a profit. Select an industry, category and type: Select the options that best describe your business .
Tell Chase about yourself
As a business owner, you are personally responsible for paying the Chase credit batting order bill. Chase wants to know what your income is to verify that you will be able to pay . first, select your authorizing military officer title. For a sole owner, you will be the owner. then, record your personal touch information. For your gross annual income, you can include money you receive from a job, your businesses and your spouse ’ second income. even though Chase business cards don ’ t appear on your personal credit reputation, Chase still needs to check your credit score. Enter your personal phone number, e-mail, date of give birth, Social Security Number ( tied if you entered it before ) and your mother ’ south maiden over mention .
Add employee cards (optional)
Adding employee cards can be a bang-up room to keep track of expenses, then if you have any employees who need a circuit board, add them here .
Submit your application
This is your final luck to review the details of your application. After making sure you entered everything correctly, check the box to agree to the terms and pawl “ Submit. ” If your application is denied, I recommend calling the Chase commercial enterprise reconsideration line at 800-453-9719. occasionally, Chase will ask for a few more details about your business or ask you to verify sealed information. You can sometimes move credit from one circuit board to another or offer to close an existing calling card to get Chase to change its decision. I did indeed when I applied for the Ink Business Cash Credit Card and was initially denied. But a Chase agent was able to move credit rating from an existing card to the new card in order to push the blessing through. even if you ’ rhenium abortive, calling Chase will give you a better theme of what you ’ ll need to change to be approved next time .
Our favorite Chase business credit cards
besides, note that the three Chase Ink small business cards are considered different card products. This means you ’ re eligible to earn the sign-up bonus on each card. The only application limitation is the Chase 5/24 rule. I wouldn ’ metric ton commend applying for all three Chase Ink business cards at the like time. Spreading out the applications will make it easier to meet the minimum spend requirements on each card .
FAQs about applying for a Chase business card
Can anyone get a Chase business card?
As mentioned above, you need a for-profit guess to qualify for a business circuit board. That can be anything from selling baked goods at your local farmers marketplace to running a small commercial enterprise that has multiple employees. barely remember, even if you ’ re eligible for a small commercial enterprise tease, it ’ s ultimately up to the savings bank to decide whether or not they will approve you .
How long does it take to get approved for a Chase business card?
sometimes an approval is immediate. You ’ ll submit your application and within seconds, your blessing will be confirmed.
But other times, the bank may need more time to review your application, after which they may request extra information or documentation. Because of this, it can take anywhere from 7-10 days, or even up to 30 days, for the bank to make a decision. Our best advice is to be affected role, offer any supporting documentation that you can, and if you ’ re initially declined, call in and ask for your application to be reconsidered .
Is it hard to get approved for a Chase business card?
If you run a little business and have good citation, getting approved for a Chase occupation card shouldn ’ thyroxine be besides unmanageable. That said, you ’ ll likely be asked to provide validation that you ’ rhenium running a for-profit venture. Chase may ask for things like an old invoice or a copy of your commercial enterprise license as proof. therefore be prepared. otherwise, the process is identical similar to applying for a personal credit circuit board .
Small-business credit cards aren ’ deoxythymidine monophosphate merely a capital room to earn lucrative welcome bonuses ; they ’ ra helpful in keeping track of expenses and useful for investing in your business. Qualifying for a Chase occupation batting order might be easier than you think. Chase business cards won ’ metric ton show up on your personal credit report, so they don ’ thymine count against your “ 5/24 ” limit. You don ’ t need to make six-figure sales or have an Employer Identification Number to get approved for a Chase business poster. You can use your Social Security Number on your lotion. And if you ’ re just starting the business, it ’ randomness OK to have fiddling or no profit .
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $ 4,000 on purchases in the first 3 months from bill first step. That ’ s $ 750 when you redeem through Chase Ultimate Rewards® .
- Enjoy benefits such as a $ 50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on din and 2x on all other travel purchases, plus more .
- Get 25 % more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For case, 60,000 points are worth $ 750 toward travel .
- With Pay Yourself Back℠, your points are worth 25 % more during the current offer when you redeem them for statement credits against existing purchases in choice, rotating categories
- count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more .
- Get complimentary access to DashPass which unlocks $ 0 delivery fees and lower serve fees for a minimal of one year when you activate by December 31, 2024 .
Intro APR on purchases N/A regular APR 16.74 % – 23.74 % variable star annual Fee $ 95 Balance Transfer Fee Either $ 5 or 5 % of the amount of each transfer, whichever is greater .
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