Chase Business Credit Cards: A Guide to Application and Approval

## Understanding Chase's 5/24 Rule Chase's 5/24 rule is a crucial factor to consider when applying for a new credit card. If you've opened five or more credit cards from any issuer in the past 24 months, approval for any new Chase card is unlikely. However, most business cards, including Chase's, don't show up on your personal credit report and therefore don't count against your 5/24 limit. ## Selection of Chase Business Cards Chase offers a variety of non-cobranded business cards, including the Chase Sapphire Reserve for Business, Ink Business Cash Credit Card, Ink Business Preferred Credit Card, Ink Business Premier Credit Card, and Ink Business Unlimited Credit Card. Additionally, Chase has cobranded business cards with partners such as IHG, Southwest, and World of Hyatt. ## Who Qualifies for a Chase Business Card? To qualify for a Chase business card, you need to have a business or sole proprietorship that earns revenue. This can include freelance work, gig economy jobs, or a side hustle. The business doesn't need to be full-time or earn six figures to qualify. A business card is essential for keeping business and personal expenses separate and provides additional benefits. ## How to Complete a Chase Business Card Application Most Chase business card applications are similar and require the following information: * Annual business revenue/sales: This is the total annual income of your business before deducting any expenses or taxes. * Business establishment date: Provide the date the business was formed. * Business mailing address: If you work from home or don't have a business address, you can enter your home address. * Business name on card: This doesn't have to be your legal business name, but rather the name printed on the card. * Business phone: This can be a home or mobile phone. * Business structure: If you're the only owner, select "sole proprietor." If your business has two or more owners, choose "partnership." * General industry/category/specific type: Choose the best option for your business. * Legal name of business: If you're a sole proprietor, you can use your name as the "legal business name." If you've filed with your local or state government for a DBA (doing business as) name, you'll enter that name here also. * Number of employees: Enter the number of all additional employees, not including yourself. * Tax ID type: If you're a sole proprietor, you can use your Social Security number as your tax ID. Otherwise, you'll need a federal Employer Identification Number. ## Steps to Complete the Application The application process involves several steps: 1. Authorizing information, personal details, and identification: Provide your role in the company, tax ID number, and personal details. 2. Home address and contact information: Enter your home address and contact information. 3. Financial information, business structure, and details: Provide your business revenue, business structure, and details. 4. Business Tax ID, business address, contact info, financials, business classification, and employee cards: Enter your business tax ID, primary address, contact information, financials, business classification, and employee cards. ## Bottom Line Applying for a Chase business credit card is more straightforward than many realize. You may qualify if you earn any business income, even part-time freelance or gig work. Be sure to provide honest and consistent information, especially regarding your business name, structure, and revenue, as Chase can request verification. A business credit card isn't just a way to earn rewards; it separates business and personal finances, simplifies your bookkeeping, and strategically manages your 5/24 count. If you're eligible, applying could be a smart next step in your points and miles strategy.