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If you’re considering a business credit card, Chase Bank offers several compelling options with travel rewards or cash-back benefits. Many business owners highly recommend the Chase Ink business credit cards for their ease of earning points and valuable redemption choices. In response to the frequent question, “Does Chase have good business credit cards”, we’ve created this checklist to assist you in making a decision.
Does Chase Have Good Business Cards?
In order to determine if Chase has good business cards, let’s first look at the Chase business credit card brands. Chase currently has five different business credit card families:
- Ink Business (4 options)
- IHG Rewards (1 option)
- Southwest Rapid Rewards (2 options)
- United Airlines (2 options)
- World of Hyatt (1 option)
Many people like the Ink Business Preferred® Credit Card as it has several reward categories, 1:1 airline and hotel point transfers, a 25% travel redemption bonus along a reasonable $95 annual fee. New Ink Business Preferred® Credit Card cardholders can earn 100k bonus points after spending $8,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Travel℠. Our Chase Ink Business Preferred review dives into more detail about the card benefits.
However, business travelers can also maximize their loyalty with several of the best airline and hotel loyalty programs.
Are Chase Business Cards Easy to Get?
Getting most Chase business cards is challenging since you need good or excellent credit and earn sufficient income to qualify for a high credit limit. In general, business credit cards can be harder to qualify for than similar personal rewards cards.
While it’s not required, qualifying for a Chase business credit card can be easier if you have an existing banking relationship with Chase Bank. You may consider opening a Chase business checking account to receive customer payments and to pay operating costs.
Some data points suggest that well-qualified business owners may receive smaller spending limits than competing credit card issuers. To some extent, the application experience is different for each person, but approval isn’t a guarantee.
Related: How Hard Is It To Get A Business Credit Card?
What are the Chase Business Credit Card Requirements?
Here are some of the basic requirements to qualify for a Chase business credit card:
- Good or excellent personal credit: It’s best to apply with a personal credit score above 700. The bank will also review your business credit history if you apply with an employer identification number (EIN).
- Earn business income: New businesses and startups can apply for credit. However, it can be easier for established organizations with a consistent income to qualify as they are more likely to make on-time payments.
- Less than 5 new credit lines: The Chase 5/24 rule applies to business card applications. Getting approved is unlikely when you have five or more credit cards that are 24 months or newer on your personal reports.
Applying at a local branch can also improve your odds. If you’re still struggling to get approved, you can call the Chase reconsideration line to request detailed insights about your application history.
If you already have several Chase credit cards, it’s possible you may need to close an account or reduce your credit limit to add another product to your portfolio as banks usually only offer so much total spending power per person.
What Credit Score Do I Need for a Chase Business Credit Card?
A good or excellent credit score between 670 and 840 is required, although many applicants encourage applying with a personal score of at least 700. And you can apply as a sole proprietor or with your EIN for a business credit card.
Which Chase Business Credit Cards are Metal?
The only two metal business credit cards are the Ink Business Premier℠ Credit Card and the United Club℠ Business Card.
What is the Easiest Chase Business Credit Card to be Approved For?
Arguably, the minimum requirements are similar for every Chase business credit card, but those with the lowest annual fee can be a little easier to qualify for.
As they have no annual fee, two cards to consider first are the Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card. The signup bonus offers for both cards can also have lower spending requirements that can be easier to achieve, so you earn the extra points.
The co-brand credit cards from Southwest Airlines, United Airlines, IHG Rewards, and World of Hyatt can also be worth considering, but you will need a loyalty number for that airline or hotel when applying.
Related: Ink Business Unlimited vs. Ink Business Cash
How Many Chase Ink Business Credit Cards Can You Have?
There technically isn’t a limit to how many Ink Business credit cards you can hold as Chase doesn’t publicly disclose a maximum. However, you may decide to only have two and up to three to maximize rewards categories and avoid having low credit limits.
What are the Best Chase Ink Business Cards?
You may consider the following Chase Ink credit card combination to have access to more bonus categories and travel redemption options. For many, having two Ink cards is sufficient. One will have an annual fee, and the other won’t, but both earn Ultimate Rewards®.
Best Chase Ink Card with an Annual Fee
The Ink Business Preferred® Credit Card is the only Ink Business card with an annual fee that earns Chase Ultimate Rewards. Earn up to 3x points on select categories, a 25% travel redemption bonus, 1:1 point transfers, no foreign transaction fee, and a $95 annual fee.
Here are 5 reasons Johnny got the Chase Ink Business Preferred and how it added value for him.
Best Chase Ink Card without an Annual Fee
You can choose one of the following depending on if you want to earn more on base purchases or have more bonus categories at your disposal.
Both cards have no annual fee but charge a 3% foreign transaction fee. Additionally, there isn’t a travel redemption bonus or the ability to make point transfers to airlines and hotels.
The Ink Business Cash® Credit Card earns up to 5% back at office supply stores and on cable, internet, and phone services. Dining and gas stations earn up to 2% back, and all non-bonus spending earns 1% back. Read our Ink Business Cash Card review for more.
Your other option is the Ink Business Unlimited® Credit Card which earns 1.5% back on all purchases but no bonus categories. View our Ink Business Unlimited Card review for more details.
Does Chase Have Good Business Credit Cards?
Chase has excellent business credit when you want to earn travel rewards with the Ink Business cards. Even the Ink Business Premier℠ Credit Card is a good option if you want flat-rate cashback (up to 2.5% back) and are willing to pay a $195 annual fee.
The bank also has excellent co-brand relationships with some of the most popular domestic airlines and hotels. You may consider them if you often travel through Southwest Airlines, United Airlines, IHG Rewards, or World of Hyatt.
However, other credit cards are better if you want flexible financing or luxury travel perks. The American Express business cards are probably the best alternative as it has many options.
Additionally, you may also like the Capital One Spark Business credit cards for flat-rate rewards. These cards may also be easier to qualify for if the 5/24 policy impacts you.
Final Thoughts: Does Chase Have Good Business Credit Cards
In conclusion, the Chase business credit cards are an exciting lineup. The Ink Business cards earn some of the most valuable credit card points. Additionally, the Southwest Airlines and World of Hyatt business credit cards can help you earn some of the best travel miles. Its partnerships with United Airlines and IHG Rewards are also worthwhile. Both brands have a significant presence.
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