Chase Business Credit Cards

Updated on 26 Mar, 2024

Chase Business Credit Cards

Chase Business Credit Cards offer a range of financial solutions tailored to the unique needs of businesses, from small startups to established corporations.

These cards are designed to provide financial flexibility, excellent reward opportunities, and simplified expense management!

Whether you’re looking to enhance your company’s purchasing power or earn rewards on business expenses, Chase has a perfect business credit card for you.

They have gained significant popularity due to their enticing rewards programs, attractive bonus categories, and seamless integration with the prestigious Chase Ultimate Rewards program.

These cards cater to diverse business needs, with options for frequent travelers and those who prefer cash back.

 

What you need to know about Chase Business Credit Cards and the 5/24 Rule

Not many people are aware of the Chase 5/24 Rule. It’s an unwritten rule, according to which Chase doesn’t approve credit cards for applicants who have over five credit cards in total and those were issued in the past 24 months.

There are a few exceptions to this rule. For instance, business cards from Chase, Bank of America, American Express, Wells Fargo, and Citi aren’t counted as they don’t show up on a person’s personal credit report.

 

Best Chase Business Credit Cards

Best Chase Business Credit Cards

When it comes to managing your business expenses and maximizing rewards, Chase business credit cards are among the top choices for entrepreneurs and business owners.

With an array of options tailored to various needs, Chase offers lucrative rewards, flexible redemption options, and valuable business benefits.

Below are the five best Chase Business cards.

  1. card_name

    The card_name is a good choice for people who are after airline miles.

    With an annual fee of $99 and a generous rewards rate of 1x-2x Miles, this card is worthy of consideration.

    The card also comes with an amazing welcome offer of bonus_miles_full

    It requires you to have a credit score between 690-850.

    It lets you earn United-specific rewards in addition to rewards from spending in business-related categories.

    It has no foreign transaction fees and several travel perks, including Free First Checked Bag, a $100 United travel credit, Priority Boarding, etc.

  2. Ink Business Premier℠ Credit Card

    The Ink Business Premier℠ Credit Card is a nice option for you if you need cashback on travel and big purchases.

    The annual fee is quite nominal at $195, while the rewards rate is awesome as you get 2%-5% Cashback.

    You also bonus_miles_full

    Again, you need a credit score between 690- 850 to be eligible for this card.

    It also lets you earn unlimited 2.5% total cashback on purchases of over $5,000. It also offers unlimited 2% cash back on all other business purchases you make.

    You also earn an unlimited 5% total cashback on travel purchases made through Chase Ultimate Rewards.

  3. Ink Business Unlimited® Credit Card

    The Ink Business Unlimited® Credit Card should be a preferred option, If you want double benefits like a flat-rate cash back along with a decent sign-up bonus

    It has no annual fee and a rewards rate of 1.5%.

    As a part of the Intro Offer, You will bonus_miles_full

    You need a credit score of 690- 850 to be eligible for this card.

    It is a great choice for those seeking straightforward cashback rewards and who want to skip the annual fee.

    It’s an excellent choice for small businesses hoping to make a large purchase in the near future.

  4. card_name

    The card_name is considered the best option for tiered cashback, this credit card offers up to a 5% reward rate if you spend $25,000 in combined purchases on the internet, cable, or at office supply stores, among others.

    It also has a $0 annual fee and comes with bonus_miles_full

    The APR is regular- 18.49% – 24.49% (Variable), and you need a credit score between 700-749 to get this card.

  5. card_name

    The card_name is best for people who are interested in earning flexible rewards.

    With a decent reward rate of up to 3X, you can earn 3 points per $1 (with a cap of $150,000) you spend on travel, internet, shipping purchases, cable, etc.

    bonus_miles_full

    You just have to pay a nominal annual fee of $95.

    To be eligible for this card, your credit score needs to be somewhere between 700 – 749.

 

Credit card
Uthrive rating
Intro offerRewards rateAnnual feeLearn more

Terms Apply

Rating

4.8/5
Up to 5% Cash Back Card with No Annual Fee

Intro Offer

bonus_miles_full

Reward Rates

1% - 5% cash back

Annual Fees

annual_fees

Terms Apply

Rating

4.8/5
Unlimited Flat Cash Back Card with No Fee

Intro Offer

bonus_miles_full

Reward Rates

Up to 1.5% cash back on every purchase

Annual Fees

annual_fees

Terms Apply

Rating

4.7/5
Best Business Rewards Credit Card

Intro Offer

bonus_miles_full

Reward Rates

Up to 3x points per $1

Annual Fees

annual_fees

Terms Apply

Rating

4.7/5
High Rewards Card with Travel Benefits

Intro Offer

bonus_miles_full

Reward Rates

2% - 5% Total Cash Back

Annual Fees

annual_fees

Terms Apply

Rating

4.6/5
Best United Credit Card for Business

Intro Offer

bonus_miles_full

Reward Rates

1 - 2 miles for each dollar

Annual Fees

annual_fees

 

Pros and Cons of Chase Business Cards

The pros and cons of Chase Business Cards are similar to most business cards available today.

However, it’s smart to be aware of these if you want to apply for a Chase Business Credit Card in the future.

Here they are:

Pros of Chase Business Cards

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    All Chase business cards are issued on Visa and Mastercard networks, which are accepted all over the world.

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    You usually get higher welcome bonuses with Chase business credit cards.

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    Chase business credit cards provide you with employee cards without any additional costs.

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    Chase has several co-branded cards that are associated with several renowned airline and hotel programs such as Southwest, Hyatt, United, etc.

Cons of Chase Business Cards

  • Chase business credit cards come with preset spending limits.

  • The welcome bonuses are usually tied with high minimum spending requirements.

  • The credit cards are only available for those with good to excellent credit scores.

 

Why should you apply for a Chase Business Credit Card?

If you want to keep your personal finances separate from business finances, a business credit card can help.

As business cards don’t show up on a person’s personal credit history, it’s an advantage you cannot skip.

Business cards also help enhance your business credit score and make it easy to get future loads.

Chase business credit cards are very lucrative because, in addition to helping you attain all the benefits mentioned above, they also offer lucrative rewards, perks, and offers.

They also make financial management simpler with employee cards and other similar benefits.

 

How to Complete a Chase Small Business Credit Card Application

When you want to apply for a Chase Business credit card, you should know that the process is simple. It is defined in the steps below:

  1. Business Information

    To apply for the card, you need to share basic business information like name, email address, annual revenue details, and tax number.

    If you are a sole proprietor (a freelancer, contractor, or use it as a side gig), you need to put one under the number of employees section.

    In such cases, you can also use your name as a business name and your personal email address as a business email address.

    You can also share your personal income if the business has a small projected revenue.

    Instead of the tax identification number of a business, you can provide your social security number.

  2. Personal Information

    The next page will require you to add some personal information.

    If you are the sole proprietor, you need to identify yourself as the Owner.

    Then, you need to share your name, gross annual income, and home address.

    You also need to share your phone number, date of birth, social security number, and email address.

    This information is essential for the issuer as it ensures that you give a personal guarantee for the loan.

    It means that if your business cannot pay off the debt, you will need to do it from your personal income.

  3. Employee Eards

    On the last page, you will get the option to add employee cards.

    You can get those for an actual employee or anyone who might buy things for your business.

    These cards come in handy when you need to meet a minimum spending limit to access the sign-up bonus.

  4. Submit Your Application

    Once you have completed every section, you can submit the application and wait for the verdict.

    If you are approved, you will get the new card(s) in 7-10 business days.

    If you are denied, you will get an email detailing why the application was rejected.

    If you are pending, it means that your application is still under review, and you need to wait some more time for the verdict.

    In the meantime, Chase might contact you to provide additional information or verify the information you have already shared. Call Chase at 1-888-338-2586 to check Chase business credit card application status.

 

How to Get Approved for a Chase Business Credit Card

Though no trick ensures a 100% guarantee that you will get approved for a Chase credit card, some things might help. Here they are:

  1. Increase your credit score

    You need to have a credit score of at least 680 when you apply for a Chase business credit card. But it’s wise to have it at over 720 to increase your possibility of approval.

  2. Decrease your credit limit with Chase

     If you have more than one Chase card, keep your credit limit low. It will help enhance the possibility of approval too.

  3. Space out your credit card applications

    Keep ample space between your Chase credit card applications. In addition to the 5/24 rule, make sure you don’t apply for two Chase credit cards within 30 days.

  4. Apply in-branch

    It’s always smart to apply for a Chase credit card in a branch instead of online, as it might enhance your probability of approval too.

 

How to Choose the Right Chase Business Credit Card

How to Choose the Right Chase Business Credit Card

Chase business credit cards are usually very different from one another. So, in order to choose the best option for you, it’s essential to remember the following:

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    Type of rewards program

    You need to focus on what kind of rewards you want and whether you will feel comfortable redeeming them. For instance, if you travel a lot, you can choose a card with great travel rewards.

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    Interest on purchases

    Some business owners need credit cards with 0% APR as it helps them to pay off a large purchase over a longer time without the need to pay interest.

    If you want it too, you can consider cards like card_name.

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    Annual fee

    You also need to look at the annual fee of any card you shortlist and compare it with benefits/rewards/perks to see whether you will be able to offset the annual fee or not.

    If not, the card is probably not worth the cost. You can also choose options like the Ink Business Unlimited® Credit Card with no annual fee.

  • list-icon
    Cardholder benefits

    Look at the list of cardholder benefits like fraud protection, purchase protection, travel benefits, employee cards, auto rental coverage, etc., and decide which benefits are essential for you or your business. It will help you make a better decision.

 

All about Chase Ink Premier Credit Card

The Ink Business Premier℠ Credit Card is one of the popular Chase business credit cards that are designed for small business owners.

As it’s a charge card or a “Pay in Full” card (according to Chase), you need to pay off the card every month.

The only exception is the Flex for Business payment options that are available on eligible purchases of $500 or more.

It has a generous welcome bonus of bonus_miles_full And an annual fee of $195. It offers 5% cash back on travel that you buy via Chase Ultimate Rewards.

You also get 2.5% cashback on purchases that are worth over $5,000 and 2% cashback on all other purchases.

Other benefits and perks include travel protection benefits, tools to manage and monitor employee use of the account, and employee cards at no additional cost, among others.

 

Who should get the Chase Ink Premier Credit Card?

  1. Businesses With Large Purchases

    If your business makes purchases over $5,000 frequently, this card will allow you to earn 2% cashback, and there’s no cap!

  2. Businesses Looking for a 2% Cash Back Card Within the Chase Ecosystem

    It is also the only Chase card that allows you to earn at least 2% cashback on all purchases and negates the need to chase the best cashback offers.

  3. Businesses With a Lot of Spending

    When a business charges a lot on credit cards, getting decent cashback is a side benefit.

    So, paying a small annual fee for it shouldn’t hurt a business much.

 

Who Should Avoid the Chase Ink Premier?

  1. Low Spenders

    If you don’t use a small business credit card often, you should skip this card.

  2. Category Bonus Chasers

    Also, if you spend heavily in one or two categories, this card might not be the best option.

  3. Business Owners Looking for Transferable Points

    If you want to transfer the points to different travel partners, this one might not be the right Chase business credit card.

 

Why track your Chase Business Cards with Uthrive?

You should track your Chase Business Cards with Uthrive to maximize your rewards and savings effortlessly.

This user-friendly app can efficiently track your rewards and cash back without the hassle of monitoring individual credit cards.

You’ll no longer need to worry about missed opportunities for savings as Uthrive keeps a close watch on your spending, ensuring you’re using the best card for each purchase.

 

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Uthrive encompasses all major credit cards and extends to optimizing savings for leading airlines and hotels, guaranteeing boosted rewards.

In a nutshell, tracking your Chase Business Cards with Uthrive is the smart move that empowers you to save and earn more on your everyday purchases without any extra effort, giving you the peace of mind that you’re getting the most out of your credit cards.

 

Conclusion

In essence, it can be said that Chase has a diverse portfolio when it comes to business credit cards.

You can shortlist one or more you want to meet your business needs.

Just remember the 5/24 rule and ensure that you have a decent credit score to increase your chances of approval.

 

Chase Business Credit Cards FAQs

Which is the best Chase Business credit card?

The best Chase Business credit card ultimately depends on your specific business needs.

However, the no-annual fee card_name is an excellent choice for small business owners with significant business expenses, offering a generous sign-up bonus of bonus_miles_full And 2%-5% valuable cash back rewards.

Can anyone get a Chase business card?

Yes, as long as you meet the eligibility criteria and have a decent credit score, you can get a Chase business card.

How long does it take to get approved for a Chase business card?

The approval process usually takes a few seconds.

However, it might take longer if your application ends up in the pending category.

Is it hard to get approved for a Chase business card?

No. If you meet the eligibility criteria and follow the application process, you should get approved easily.

What credit score do you need for a Chase business card?

A credit score of 680 is required, but having a credit score of over 720 increases your possibility of getting approved.

How do you apply for a Chase business credit card?

You can apply for a Chase business credit card via Chase’s official website.

How many Chase business cards can I have?

You can have multiple Chase business cards as long as you space out the applications.

How do I know if I am eligible for an Ink Business credit card?

You need to read the eligibility criteria and have a decent credit score to get approval.

How do I reach Chase Business Customer Service?

You can contact Chase business credit card customer service at 1-800-CHASE38 (1-800-242-7338). They are available 24/7.

How should I fill out a Chase business credit card application?

While filling out a Chase business credit card application, you should provide accurate and complete information about your business, including its legal structure, tax identification number, annual revenue, etc.

You may also need to provide personal information and financial details.

Make sure to have a good credit score (670 to 850).

Are Chase business credit cards subject to the 5/24 rule?

Yes. It’s not specified specifically by Chase, but it’s an unwritten rule that applies to all applications.

Does Chase report business credit card activity to personal credit bureaus?

Typically, Chase does not report business credit card activity to personal credit bureaus.

It means your business credit card transactions & payment history are primarily reflected in your business credit profile only.

However, in some cases, Chase “may” report some information, such as missed payments, to your personal credit report.