Chase Business Credit Cards: What You Need to Know

Chase offers a range of Business credit cards designed for freelancers and small Business owners, boasting strong rewards and travel benefits. However, understanding the bank’s 5/24 rule is crucial before applying.

Chase’s 5/24 Rule

If you’ve opened five or more credit cards from any issuer in the past 24 months, your chances of approval for a new Chase card significantly decrease. Fortunately, most Chase Business cards don’t appear on personal credit reports, avoiding this restriction.

Chase Business Card Options

Chase’s non-cobranded Business cards include the Sapphire Reserve for Business℠, Ink Business Cash® Credit Card, Ink Business Preferred® Credit Card, Ink Business Premier® Credit Card, Ink Business Unlimited® Credit Card, and cobranded options like the IHG One Rewards Premier Business Credit Card, Southwest® Rapid Rewards® Performance Business Credit Card, and World of Hyatt Business Credit Card.

Who Qualifies?

A Chase business card application mirrors a consumer application, requiring proof of business revenue. Eligibility extends to freelancers, gig workers, and sole proprietors, regardless of full-time status or income level. Maintaining separate business and personal expenses is a key benefit.

Completing the Application

Applications are generally straightforward. Cobranded cards allow for the inclusion of existing loyalty numbers. Existing Chase customers benefit from pre-filled fields. Required information includes annual business revenue, business establishment date, and business mailing address.