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Chase for Business Credit Card

If you are looking for a credit card to use, you can choose Chase for a business credit card. It is one of the best options to choose from among other available credit cards intended for business-related expenses.

Chase is part of the so-called Big Four Banks in the U.S. Business owners, including freelancers and other people doing profitable activities like online selling, choose Chase business credit cards. With this card, they can receive many benefits and rewards from using it.

Owning a Chase business credit card is a valuable asset that can help you reap more rewards. Of course, granted you manage your credit well.

007 Credit Agent can guide you if you want to choose Chase for a business credit card. Here are the things you should know if you are planning to get one.

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Which Chase business credit card should you get?

Chase has various business credit cards to choose from with different features, uses, and benefits you can receive. The common ones are Ink Business Preferred, Ink Business Cash, and Ink Business Unlimited.

The Ink Business Preferred is suitable for businesses with travel expenses. It has a $95 annual fee. But because of the sign-up bonus, you don’t have to pay for it in the first year. You can earn reward points with every travel purchase and redeem it with an additional 25% value. On your first $150,000 total purchase in business-related expenses, you will earn 3 points per dollar. It is an excellent way to earn more points quickly and redeem them for your travel use or family vacation.

For small businesses who often use cash, Ink Business Cash is a better option. They reward a 5% cashback on every expense such as office supplies, internet, and phone services. While purchases for restaurants and gas stations can help you earn 2% cashback. If your business has a frequent need for road travel, this is also a good fit for you.

And, the third one, Ink Business Unlimited, is perfect for the busiest owners out there. With the use of this card, you won’t need to always keep track of the 1.5% cashback you earn. It will just go directly to your account for every purchase.

There are also other Chase business credit cards available aside from the three mentioned. There are partner-branded business credit cards, which are all excellent options for businesses requiring travel expenses. Credit cards included in this category are the United, Southwest Rapid Rewards Performance, and Southwest Rapid Rewards Premier business credit cards.

You may contact Chase directly to know more about the business credit cards they offer.

How to apply for a Chase business credit card?

It’s simple to apply for a Chase business credit card. But still, there are lots of people who often get confused with some parts of the application process.

The critical factor when applying, for Chase and any credit card, is to supply all the necessary correct information.

The first thing you need to fill out is the business information. It includes the business name, mailing address, business type, annual revenue, etc. The same information applies to freelancers or part-timers. However, for business types, you can fill it as a sole proprietor. And for the number of employees, you can write only one, which is you.

Then, you will proceed to fill out your personal information. It includes your name, home address, date of birth, etc. The phone number and email address can be similar to your business, which primarily applies to self-employed individuals.

As you can see, it’s pretty basic. But on the last part, you have an option to add employee cards. You may fill it out to have a trusted person who works under you and needs to purchase business supplies. If you don’t have one, skip this step.

Submit it and wait for about 30 days. However, you can receive an update as early as one week from when you apply. There are also cases when they contact you for additional information during that time. After that, you will receive an update on the outcome of your application.

Get approved for a Chase business credit card

Even if it’s easy to apply to Chase for a business credit card, there are still chances you get denied. All Chase personal credit cards and business cards have a 5/24 rule. It means if you opened five credit cards within the last 24 months, you will automatically be denied. So you will have to wait until you have less than five credit cards opened in the last 24 months. 

Another factor is your credit score. Check your credit score to make sure it is high enough to apply. Before you apply for a Chase business credit card, make sure you have at least a 680 credit score. A score higher than 720 will greatly improve chances for approval.

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If your score is lower than the ideal one Chase requires, you should have it fixed first. This way you won’t need to wait for a while to apply again in case you get denied.

Before applying for a business credit card, you might want to seek assistance from a reliable credit repair company. 007 Credit Agent has helped many credit-challenged applicants fix their credit issues. We help fix your score, dispute any negative information, and do everything we can to increase your poor credit rating.

Please contact us for a consultation, and we will help you get approved for a Chase business credit card.