If you’re a business owner, freelancer, or side hustler, a Chase business credit card could be the tool you need. It’s a reliable way to manage expenses, build business credit, and unlock rewards.
In this guide, we’ll cover:
- Why a business credit card can be valuable for your business
- How to determine eligibility for one
- Key steps to apply, so you know what to expect
- Types of business credit cards and how to choose the right one for your needs
We’ll also answer frequently asked questions, like "Is it hard to get a Chase business credit card?" and "What credit score is needed for a Chase business card?"—two common questions I hear from clients looking to make the most of their business credit options.
So, if you're eyeing a Chase credit card, congratulations!
You're already taking a proactive step toward managing expenses and maximizing rewards when using credit cards.
Why a Business Credit Card?
Chase business credit cards are a popular choice for entrepreneurs. Business credit cards can streamline your finances and give you tools to help scale.
Why?
Largely due to their impressive rewards programs, streamlined expense tracking, and exclusive benefits designed for a variety of business needs. These cards offer advantages that can support your business as it grows, from cash-back opportunities to travel perks, making them a versatile tool for business owners.
Here’s what makes them valuable:
- Expense Management – Easily separate business from personal expenses.
- Cash Flow Access – Tap into credit when you need it most.
- Rewards & Perks – Earn rewards tailored to business expenses like travel, office supplies, and dining.
- Credit Building – Building a good business credit history can lead to better financing opportunities.
Take a closer look on its benefits.
Key Benefits of Chase Business Credit Cards
Chase business credit cards offer several advantages that make them attractive for business owners.
Here are some standout features:
Flexible Rewards: Chase’s business credit cards let you earn cash back, travel points, or miles, depending on the card. This means that every dollar you spend on your business can turn into valuable perks.
Introductory APR Offers: For new users, Chase often provides a 0% introductory APR for a set period, making it easier to manage big initial purchases without immediate interest charges.
No Annual Fees: Some Chase business credit cards come with no annual fees, which can help startups and small businesses keep costs low. The Ink Business Cash and Ink Business Unlimited, for instance, are great options if you want a no-annual-fee card.
Travel and Purchase Protections: Chase business cards offer extensive travel and purchase protections, including trip cancellation insurance, lost luggage reimbursement, and extended warranties on purchases.
With these benefits, Chase business cards are designed to make your money work harder, offering both rewards and protections that help your business run more smoothly.
Ready to get started? Let’s go over the essential steps.
Step 1: Check Your Eligibility
First things first: are you eligible? Different card issuers may have unique requirements, but in general:
- Business Structure – Most issuers approve applications from sole proprietors, partnerships, LLCs, and corporations. Freelancers, gig workers, and online sellers can also qualify.
- Documentation – Make sure your business is registered. You may need an Employer Identification Number (EIN), or simply your Social Security number if you’re a sole proprietor.
Tip: Want to skip potential delays? Have your business registration and any financial documents ready before you apply.
Step 2: Know What’s Needed to Apply
Applying for a business credit card usually means sharing basic info about your business and some personal details.
Here’s what you’ll need:
1. Business Details – Legal business name, address, type, years in operation, number of employees, and revenue.
2. Tax ID (EIN) – Issued by the IRS, this number distinguishes your business from your personal taxes. Sole proprietors may not need one, but an EIN is often beneficial. No tax ID yet? You can apply with this link.
3. Owner’s Personal Information – Issuers often check your personal credit score (usually a FICO® Score of 670+ is ideal) and may ask for your Social Security number.
How to Choose the Right Card for Your Business Needs
So, which Chase card is best suited to your business?
- For High Monthly Spend on Ads or Travel: The Ink Business Preferred offers high reward rates for travel and select advertising, making it ideal for businesses that spend in those categories.
- For Frequent Office Supplies and Utilities: The Ink Business Cash card is hard to beat if you’re spending a lot on office supplies, internet, and phone services.
- For Simplified, Flat-Rate Rewards: If you don’t want to track spending categories, the Ink Business Unlimited gives you 1.5% cash back on everything.
When evaluating options, remember to factor in Chase business credit card requirements and your business’s specific needs to ensure you choose a card that truly fits.
Step 3: Choose the Right Type of Business Credit Card
There’s no one-size-fits-all business card. Consider your business’s spending patterns and goals. Here are a few popular options:
- Cash Back Cards – These cards give you a percentage of cash back on eligible purchases, often useful if you spend regularly on supplies, utilities, or office needs.
- Travel Rewards Cards – For businesses with travel expenses, these cards offer points or miles on purchases like airfare, hotels, and car rentals. Some even include perks like access to airport lounges or travel insurance.
Pro Tip: Think about the card’s annual fees and rewards structure. Does it match your spending? For example, if your business spends a lot on flights, a travel rewards card could be a smart choice.
Top Chase Business Credit Cards: A Closer Look
Each Chase business credit card is tailored for different needs.
Here’s an overview of the top cards to help you determine the best Chase business credit card for your company:
Chase Ink Business Preferred® Card
- Best For: Businesses with high monthly expenses, especially in travel, advertising, and shipping.
- Rewards: Earn 3 points per dollar on the first $150,000 spent on travel, shipping, select advertising, and internet/phone services annually. After that, you’ll earn 1 point per dollar.
- Annual Fee: $95.
- Starting Limit: The starting limit for Chase business credit card options like this typically depends on credit history but tends to be substantial.
Chase Ink Business Cash® Card
- Best For: Small businesses with routine expenses on office supplies and utility bills.
- Rewards: 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each year.
- No Annual Fee: This card is cost-effective for businesses on a budget.
Chase Ink Business Unlimited® Card
- Best For: Simplicity-seekers who want a straightforward rewards program.
- Rewards: Earn 1.5% unlimited cash back on every purchase, no categories required.
- No Annual Fee: Like the Ink Business Cash, this card keeps things simple with no extra costs.
Each card offers different rewards structures, so choosing the right one for your business depends on your spending habits and goals.
Step 4: Submit Your Application
When you’re ready, you can apply online or at a bank branch.
Here’s a quick checklist to keep in mind:
- Complete Documentation – Business and personal info, EIN (if required), and credit history.
- Credit Score Check – Issuers will review your business and possibly personal credit score. A good credit score (around 670+) can help you qualify for better options.
How to Apply: Step-by-Step Guide for Business Owners
Applying for a Chase business credit card is straightforward but requires some preparation. Here’s a step-by-step guide:
Step 1: Review Your Credit and Financial Needs
The minimum credit score needed for a Chase business card is typically around 680, so review your credit before applying.
Step 2: Check for Pre-Approval
Chase sometimes offers pre-approval, which can give you an idea of whether you qualify. Chase business credit card pre approval minimizes hard inquiries, preserving your credit score.
Step 3: Gather Chase Business Credit Card Requirements
Prepare the necessary paperwork, such as your business tax ID, legal name, and recent financial statements.
Step 4: Submit Your Application
You can easily apply online by visiting the Chase Business Credit Card login page. Some people, however, prefer to apply in person at a Chase branch. When applying, specify if you want a Chase Ink Business card or another type to ensure you’re matched with the right representative.
What if I’m Denied? Don’t worry; the issuer will typically send a letter explaining the reason. You can then work on improving your credit or look for cards with different requirements.
Step 5: Manage Your Card Effectively
Getting the card is just the start. Using a Chase business credit card can help establish and strengthen your business’s credit profile. To get the most out of it, use it wisely:
- Timely Payments: Pay your balance on time each month to build a positive payment history.
- Low Utilization: Aim to keep your credit card utilization under 30%. For example, if your credit limit is $10,000, try to keep your balance below $3,000 to maintain good credit.
- Credit Monitoring: Use free resources to monitor your credit score regularly.
Building good credit opens doors for future financing, like loans or higher credit limits, so it’s worth taking these steps.
Rewards and Redemption Options: Making the Most of Your Card
Chase rewards are known for their versatility. Here are some ways to make every dollar you spend count:
- Cash Back: Redeemable as a statement credit, Chase makes it easy to apply cash back directly toward your card balance.
- Travel Redemption: For Chase Ink Business Preferred, points can be redeemed for travel at 25% more value through the Chase travel portal. This is ideal if your business has travel expenses.
- Gift Cards and Purchases: Points can be used for gift cards, Amazon purchases, or even Apple products, giving you flexible options to use your rewards.
For instance, if you’re using the Ink Business Preferred and spend $50,000 on eligible purchases in a year, you’d earn 150,000 points—worth $1,875 when redeemed for travel. This can help you save big on travel-related expenses or invest back into your business.
Frequently Asked Questions About Chase Business Credit Cards
Is it hard to get a Chase business credit card?
Approval depends on your personal and business credit scores, revenue, and business history. Strong credit and financials improve your chances.
What credit score is needed for a Chase business card?
Generally, a score of 680 or higher is recommended for best results.
What is the starting limit for a Chase business credit card?
Starting limits vary based on creditworthiness and the card type, but Chase business cards typically have generous limits for eligible applicants.
Does Chase offer customer support for business credit card holders?
Yes, Chase Business credit card customer service is available 24/7, offering assistance with everything from rewards questions to account management.
Is a Chase Business Credit Card Right for You?
A business credit card can be an incredible tool for managing expenses, building credit, and accessing perks that directly benefit your business.
For business owners who want a card that offers rewards, perks, and financial management tools, Chase business credit cards provide a range of options.
From the Ink Business Preferred with its high travel rewards to Ink Business Unlimited for straightforward cash back, there’s a Chase card for every business type. Just remember to use the card responsibly, build your credit, and leverage the rewards available to help your business grow.
If you're looking to strengthen your credit profile before applying, ASAP Credit Repair can help you take proactive steps to improve your credit score and position yourself for success.