How to Fill Out a Chase Business Credit Card Application

How to Fill Out a Chase Business Credit Card Application

Million Mile SecretsHow to Fill Out a Chase Business Credit Card ApplicationMillion Mile Secrets Team

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Update:   The Chase Ink Bold card is no longer available. 

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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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

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I would like to apply for chase business ink card and my question is:The online application asks for home and business address so where will they mail the card if I'm approved for ink business card.Will it be mail to my business or my residence

I sell stuff occasionally online. I am thinking about applying for business cards,but I dont want to complicate my life by applying for sole proprietorship and dealing with business tax returns and paying taxes on that income. is there a way to qualify for bus cards without dealing with taxes?

Million Mile Secrets

Unfortunately, taxes are part of running a business. If you make money, the government wants their share.

I would suggest talking to an accountant. Because handling the taxes might be easier than you think, depending on the business.

Very useful and helpful info. Thanks!

Does anyone know if it is possible to sign up for the Marriott credit card and provide the spouse's Marriott rewards number? Has anyone done this successfully?

ex: Wife signs up for the Marriott Chase Credit card and provides her husband's Marriott rewards number.

Any ideas?

Or has anyone transferred points from one account to another?

ex: Wife has 50k points and husband has 400k points, wife wants to transfer her 50k points to her husband. I read somewhere points can only be transferred for reward redemption but what if the husband has sufficient points to cover the reward?

Zac, I recently applied and was instantly approved for an SPG Amex Business credit card and stated zero revenue on the application.

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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