How to Fill Out a Chase Business Credit Card Application

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I’ve been getting questions on how to fill out the application for Chase business credit cards – likely because of rumors that the spending on the 50,000 point Chase Ink Bold and Ink Plus may increase soon and because the Southwest card still offers a high sign-up bonus and is a great way to get the Southwest Companion Pass.

Why Business Cards?

For a limited time, you will get 50,000 points on the Chase Ink Plus or Chase Ink Bold.

50,000 points on the Chase Ink Plus or Ink Bold will get you:

  • Gift cards or Cash Back – $500 value
  • Travel through the Ultimate Rewards Portal – $625 value
  • Transfer to Southwest - $833 value
  • Transfer to hotel and airline partners – $750+ value

The 50,000 point Chase Ink Plus, Chase Ink Bold, and the Chase Southwest card are among the best business cards by Chase.

The credit line for business cards does not show in my personal credit report and impact my credit utilization or credit aging, so it doesn’t impact my personal credit score in the long term.  However, the credit inquiry does show in my personal credit report, but the effect drops off after 3 to 6 months (though the inquiry, as opposed to the business credit line, does stay on my personal credit report for 2 years).

Business cards are another way to earn miles and points, and as I’ve written previously, many of us may qualify for business cards.  However, business credit cards may not have all the consumer protections which personal cards have.

Top 3 Chase Business Card Applications

These are the top 3 Chase business cards in my opinion:

  • Chase Ink Plus – 50,000 Ultimate Rewards points after spending $5,000 within 3 months (used to be $10,000)
  • Chase Ink Bold – 50,000 Ultimate Rewards points after spending $5,000 within 3 months (used to be $10,000)
  • Chase Southwest Plus Business – 50,000 Southwest points after spending $2,000 within 3 months

50,000 Ultimate Rewards points is $500 in cash back, $625 towards travel from the Ultimate Rewards mall, ~$833 when transferred to Southwest, a 1-way business class ticket to Europe or South America when transferred to United, or 2 nights at a top category 6 Hyatt, like the Park Hyatt in Paris.

Ultimate Rewards points from the Ink Plus and Ink Bold can be transferred to different airlines and hotels and my favorite transfer partners are United, Hyatt, British Airways, and Southwest.

The 50,000 points from the Southwest business card does currently count towards the Southwest Companion Pass, which can get your companion up to 2 years of free flying!

Chase Business Card Application

The Chase Business Credit Card applications ask virtually the same questions whether you are applying for the Southwest Business card or the Chase Ink Plus.

The screenshots below are from the Chase Ink Plus application.

 Step 1 – Check the Boxes

Check the box which remind you that you are personally liable for the debts of the business.  The next box asks you to certify that your account is clear of bankruptcy and that you haven’t been denied credit by Chase within the last 6 months.

Check the Boxes

Step 2 – Shortcut for Chase Customers

If you are an existing Chase customer, you can fill out your user ID and password to have the application enter in existing data for you.

Shortcut for Chase Customers

I don’t have any rational basis to justify this, but I always fill out the information manually.

Step 3 – Tell us about Your Business

  • Legal Name of Business:  If you are a sole proprietor, your legal business name could be your own name, “John Smith” or the name of your business for example, “Custom Cookies.
  • Business Address:  This is your home address if you run the business from your home.
  • Type Of Business:  Sole Proprietor (if the business is run by just one person).
  • Tax Identification Number:  This is your social security number (as a sole proprietor) or EIN (if you’re a registered business).
  • Years in Business Under Current Owner:
    Enter the number of years you’ve been in business.
  • Nature of Business:  Select the option which fits in best with your business. For example, if you sell merchandise online, I’d choose “retail” or choose “other” if none of the categories describe your business.
  • Number of Employees: You have at least 1 employee (yourself) if you are a sole proprietor, so select “1.″  Or enter the total number of employees in your business.
  • Annual Business Revenue/Sales: Enter the total amount you receive annually for selling your products.

It is very important to fill out all information in credit card applications truthfully.  It is much better to say that you have no annual sales than to enter a fictitious amount.  In her last business card application, Emily entered revenue of less than $100 and was still approved for the card.

Step 4 – Tell us about Yourself

Authorizing Officer must be one of the following:  As a sole proprietor, I select “owner”

Tell Us About Yourself

Gross Annual Income:

Enter your total gross annual income.

You should be able to fill out the other information (name, address, etc.)

Step 5 – Authorization

Click the box to agree to the terms and conditions and hit “submit.”

Authorization

One of the terms says:

“I agree this is a business account and shall only be used for business purposes and not for personal, family or household use.”

Chase would like you to use the business card only for business expenses.  I suspect this is a way to protect consumers from the lower consumer protections which business cards have (compared to personal cards).

Bottom Line

Business cards are a great way to get extra miles and points, and they have the added benefit of not decreasing the average age of your credit history because the business credit line doesn’t sit on your personal credit report.

You can have a new business and get approved for a business card, and many of us have businesses without knowing it.  But it is important to be truthful on the application!

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109 responses to “How to Fill Out a Chase Business Credit Card Application

  1. I am considering a start-up business. Do they ask every time for info on your business checking account? I haven’t opened one yet.

  2. I recently applied for a Chase SWA Business card but was denied due to a lack of a business credit profile and no revenue even after calling to discuss my business. As a new sole proprietorship business I wouldn’t have a business credit profile (since it is based on my SS number) and the revenue hasn’t started yet.

  3. @Linda K – I haven’t been asked for that info as yet.

    @BD – Sorry to hear that. Perhaps call back and explain it to a different rep?

  4. Pingback: Chase Ink Cash vs. AMEX Simply Cash

  5. Has anyone tried to apply for the Chase ink card recently? I’m not finding the option to select “sole proprieter” in my application. There’s a drop down menu for “business category” and “business type” and even “business subtype”. None of those have sole proprieter as an option. Could they have removed that to make the business requirements a little stricter?

  6. I tried applying for the Ink Plus and was denied because they said my business does not make enough revenue. I do have a rental in which I make roughly about $10,000 a year on, give or take depending if there is vacancies and whatnot. I thought about making up a much higher number until I read this and it says “Emily entered revenue of less than $100 and was still approved for the card.”

    I tried calling back today about it and it looks like they make notes of each time you call. They guy I spoke to would not even have my application looked at again and I tried making a point that I have a sole proprietorship meaning that I am personally responsible for any of the business liabilities. I just kept being told that the business did not have enough revenue and that my personal income doesn’t matter and would not be told what the minimum revenue is.

  7. Ellen Turin

    Hello!

    I’m having the same issue as Chris back in March where I applied for Chase Ink and with small “revenue” (I put $500 which was the truth) that my company does not make enough money!!

    I even asked how much my company would have to increase the revenue to get approved (so I wont keep applying) and they could not tell me. I’m going to try it one more time but it looks like they are getting stricter with the policy?

    Has anyone had this experience lately?

  8. I tried appyling for the inkcash card. with a Fico of 750 and was denied. when I called they said I didn’t have enough established credit. I have about about $350,000 yearly revenues. Seems crazy to me.

  9. I Guess Chase changed their rules!

    I have the same problem as Ellen and Chris.

    I applied for a chase united business card for some web design I do (Wink, wink, Daraius…) and was also denied because I was a start up and had not yet generated any revenue.

    Any ideas of a credit card co that will issue a card with no revenue? I genuinely would like to keep my expenses separate!

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