How To Apply For A Chase Business Credit Card (2024)

Applying for a Chase business credit card takes some preparation, requiring the applicant to have handy business information. To set yourself for quick and painless application process, make sure you have the following on hand:

• Business name
• Business address
• Annual business revenue
• Number of employees
• Estimated monthly spending on the credit card
• Employer Identification Number (EIN) and/or owner’s SSN
• Business structure
• Business description

Business owners and organizations can apply for Chase business credit cards via a simple online process, similar to consumer cards. The process of applying for a card can begin via a mailing that provides pre-qualification information or via an online search or telephone call with the card issuer.

Prior to filling out an application, make sure you evaluate your business goals and explore card offers to decide on the best business card for you. For example, the Ink Business Preferred® Credit Card allows businesses to earn 3 points per dollar on the first $150,000 spent on travel and select business categories each account anniversary year and 1 point per dollar on all other purchases and new accounts can earn 100,000 points after spending $8,000 on purchases in the first 3 months from account opening. Meanwhile the Ink Business Cash® Credit Card offers 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 and 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases. Finally, a co-branded airline or hotel card may be the best choice for companies loyal to specific travel brands.

Weighing card offerings can be daunting, but using the simple “Compare” tool on the Chase Business credit cards product page makes this a bit easier. The tool allows an applicant to compare card details, including annual fees, rewards and interest rates.

1. Enter Your Personal Information

The first step you will encounter when applying for any Chase business credit card is supplying your personal information.

Similar to a personal credit card application, inputting this information should only take a few minutes of your time. In this section, make sure the address you record is your personal address. In the following section of the application supplying your business information, you will be able to record your business’s address if it differs from your personal address.

As for your “total gross annual income,” record your total annual income prior to any deductions, such as taxes or a 401(k) plan. When coming up with this number, consider all of your income streams, such as part-time or full-time employment, alimony or child support, gifts or trust fund payments, Social Security payments or pensions, retirement fund payments and investment income. Don’t be stressed if this number is not exact. While you should never lie on a credit card application, supplying your best estimate here will suffice.

2. Enter Your Business Information

The more time-consuming section of the application comes next, where you supply your business information.

Don’t let this section deter you from completing the application. With a bit of explanation, you will probably realize you know most of this information off the top of your head or have it handy in other business documents. Here’s what you’ll need to provide:

• Business legal name: Enter the legal name of the business. If the business is run solely in the applicant’s name, do not make up a DBA name unless the operation already has one.
• Desired business name on card: Enter the name of the business or the proprietor, as this will be the name displayed on the credit card.
• DBA (Doing Business As): If your business does use a DBA, select yes. Once you select yes, the application will allow you to record this name.
• Tax ID type: If the business has applied for and received a federal Employer Identification Number (EIN), you should enter this number. If you do not have an EIN or are a sole proprietor, the application allows you to submit an Individual Tax ID Number (ITIN) or your Social Security number (SSN).
• Business address: As mentioned before, this is your opportunity to record a business address if it differs from the personal address you recorded before.
• Number of employees: Record the number of employees at your business not including yourself. If you are a sole proprietor, record “0” for this section.
• Business phone number: Similar to your address, include the phone number for your business if it differs from your personal phone number. If they are the same, record the same phone number.
• Annual business revenue: Record the total annual income from your business prior to taxes and expenses. Again, your best estimate here is sufficient.
  Business category: The application is populated with options to select from for your “Business category,” “Business type” and “Business sub-type.” Choose the options that are most applicable to your business.
• Estimated monthly spend: Record the average monthly amount you would charge on this credit card.

3. Add Employee Cards

One of the final sections of the application you will encounter is the option to add employee cards. By selecting “yes,” you will be able to add up to five employees to your account who will all receive an individual card. All you have to do on the application is supply their name and address.

There is no charge for additional cards and an applicant can also request employee cards through Chase’s website after their application is approved.

4. Decide Your Billing Statement Preferences

The last question to answer on your application has to do with your billing statement preferences. Applicants can opt in to go paperless and receive all statements digitally or can request to receive their statements through the mail. This question comes with little pressure, as you can always update your preferences through your account online or through your Chase mobile app.

There is no upper or lower limit to the size of business that can apply for a business credit card with Chase. Aside from owning an online or brick-and-mortar business, examples of qualified applicants also include Uber drivers, freelancers, Etsy sellers, Airbnb owners, cosmetologists, aestheticians or individuals giving lessons of any kind.

That being said, if one’s business does not have a DBA (Doing Business As) name, applicants are urged not to make one up, as this could lead to potential application rejection.

Once the application is completed and the terms agreed to, the application will either be immediately approved, denied or will receive a status of “pending” and require further consideration from the card issuer. To avoid this circ*mstance, applicants should supply accurate and correct information.

If the card status is pending, the applicant will have to wait for communications from the card issuer regarding the status, whether information must be confirmed or whether more information is required to process the request. After being approved, new Chase business credit cards should arrive by mail in 7-10 business days.

Chase follows an unwritten 5/24 rule. So if you’ve been approved for five or more credit cards in the past 24 months, you will be automatically denied for any Chase credit cards. The good news is that if you’re approved for a Chase business credit card, it won’t count against your 5/24 score should you want to apply for a Chase personal credit card in the future.

If your business is in the market for a new card, one of Chase’s business cards could be a fit. To find the right card for you, consider what your needs are and what you hope to gain from your new card. Also, don’t forget to compare Chase’s business card options with some of the best business credit cards from other issuers.

Forbes Advisor Contributor Stephanie Bernaba contributed to this article.