Applying for Chase Ink Business Cards, Everything You Need to Know

Application Rules Chase Ink Cards

Application Rules for Chase Ink Business Cards

Chase offers several business credit card under its Ink family of cards. There are currently four cards available, each one offering something different for small business owners. Ink Business Cash and Ink Business Unlimited are no-annual-fee cards. Then you have the Ink Business Preferred which has a $95 annual fee and the Ink Business Premier with a $195 annual fee.

All four cards also have big welcome bonuses varying from 90,000 to 100,000 Ultimate Rewards points. But especially the two no-fee cards currently have two great offers which are also the highest ever. Those bonuses are ending tomorrow, so this is the best time to apply.

Let’s see some of the details for each card, and more importantly, take a look at the application rules for Chase Ink cards.

Ink Business Cards Highlights

Here are some of the important details about each Chase Ink Business credit card:

  • Ink Business Cash
    • Bonus: $900 after you spend $6,000 within the first three months.
    • Annual Fee: $0
    • Earning rates:
      • 5% cash back on the first $25,000 each year at office supply stores, internet, cable and phone services.
      • 2% cash back on the first $25,000 each year at gas stations and restaurants.
      • 1% cash back on all other purchases.
  • Ink Business Unlimited
    • Bonus: $900 after you spend $6,000 within the first three months.
    • Annual Fee: $0
    • Earning rate:
      • 1.5% cash back on all purchases with no limit.
  • Ink Business Preferred
    • Bonus: 100,000 Ultimate Rewards after you spend $15,000 within the first three months.
    • Annual Fee: $95
    • Earning rates:
      • 3X points on the first $150,000 spent in combined purchases each account anniversary year on travel, shipping, internet, cable and phone services, and advertising purchases.
      • 1X point on all other purchases.
  • Ink Business Premier
    • Bonus: $1,000 after you spend $10,000 within the first three months.
    • Annual Fee: $195
    • Earning rates:
      • 5% cash back on travel through Chase Ultimate Rewards.
      • 2.5% cash back on purchases of $5,000 or more.
      • 2% cash back on all other purchases.

As you can probably notice from the earning structure and welcome bonus, Chase Ink Business Preferred is a Ultimate Rewards earning card. That means that if you have that card, or the Chase Sapphire Reserve or Chase Sapphire Preferred, you can use cash back from other cards as Ultimate Rewards as well. So for example, if you have the Ink Business Cash and Ink Business Preferred cards, you can earn 5% on office supply purchases and then use that cash back as Ultimate Rewards points and transfer to travel partners.

Application Rules Chase Ink Cards

Applying for Chase Ink Cards

So now that you know know most details about Chase Ink Business credit cards, let’s see some of the application rules and other details.

Who Can Get a Business Credit Card?

You don’t need to have a big business in order to apply for a business credit card. Your business doesn’t even need to be incorporated or have an EIN. You can apply with a social security number if you prefer. The business name can be the same as you first and last name, and all other info such as phone numbers and address can the the same as your personal information.

You can apply for a business credit card if you have a small side business with little revenue  such as selling things on Amazon, eBay or Etsy, have rental properties, do freelance work, and much more.

Chase 5/24

All Chase Ink credit cards fall under the Chase 5/24 rule. That means that normally you will not be approved for one of these card if you have opened 5 or more bank cards in the past 24 months. That includes cards from all issuers. However, we have seen some data points recently where people have been approved for Ink cards at or over 5/24, myself included. It is still a gamble, but worth trying if you really want one of these cards.

Chase Ink cards are business cards and they don’t report to the personal credit bureaus. That means that they not add to your Chase 5/24 count. So if you are at 4/24 for example, you can apply for a Chase Ink card and you will still be at 4/24 afterwards. That’s why it is always a good idea to apply for business cards first, and then personal cards.

No Limit on Number of Ink Cards

There is no limit on the total number of Chase credit cards that you can have. But Chase will normally have a set limit of credit that they will offer you based on your personal information. So you might have to move credit around when applying for new cards, which is done when calling for reconsideration

Applications Speed

Chase will normally not approve you for more than two new credit cards within 30 days. It’s possible to go over that number when calling recon, but it is not a common occurrence.

Multiple Bonuses Allowed

You can get the welcome bonus of each Ink business credit card. So you can have the Ink Business Cash and Ink Business Preferred credit card for the same business. You can even get more than one bonus on the same card, if you are applying for different businesses.

Matched Offers

Chase will usually match higher signup bonuses if you ask within 90 days of applying. If you apply for a card with a 75,000 points bonus and then within 90 days Chase increases that bonus to 90,000, you can call them or send a secured message and ask to be matched to the higher bonus.

Application Status

Instant approvals are not very common when it comes to Chase Business credit cards. So don’t be discouraged if you see a message that your application is under review, or even denied. They might just need some extra information, or you might need to move credit around. You can always check your application status by calling 800-453-9719.

Danny Deal Guru Facebook Group

2 thoughts on “Applying for Chase Ink Business Cards, Everything You Need to Know

  1. It’s best if you have an existing business banking relationship with Chase, have more than a token balance in your accounts, and have an entity as opposed to a sole proprietorship.

    • Yep good tips. But they still throw out random reasons even if you do have all of those. I have a banking relationship with them for a long time, and have a couple of business accounts and multiple credit cards. They still said insufficient banking relationship.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.