How to Apply for Chase Ink Business Cards
No matter if you're just beginning to earn money from a side hustle or you've got an established business that's ready for the next level, you are likely eligible for a business credit card.
Even if you haven't officially incorporated your business, as long as you're trying to earn a profit in some legitimate way, you can apply for a small business credit card. The application gives you the option to enter your Social Security number instead of an EIN (Employer Identification Number), if you don't have one yet.
How to Apply for a Chase Ink Business Card
1) For "Total gross annual income," if you aren’t able to put at least $70,000 you might not be approved.
2) For "Legal business structure," if you're not an LLC, select Sole Proprietor. For "Business legal name," type your full name. For "Desired business name on card," type your full name. This will take allow you to pull from your personal credit as if it were a personal card.
3) For "Tax ID type,” on the pulldown menu select SSN.
4) Yes, your business' physical address is the same as your personal address.
5) Number of employees is 0.
6) Business phone number is your personal phone number.
7) To find your NAICS code, select your business category, type, and subtype. If you don't operate a traditional business here's what I suggest:
Category=Other Services
Type=Other Personal Services
Subtype=All Other Personal Services.
8) It has been my experience that if you’re not able to put at least $3,000 into the monthly spend, you might not be approved.
What kind of work qualifies for a business credit card?
On Chase’s own website, take note to what they say under this section:
Any work that produces a legitimate income can be considered for a business credit card. Here are just a few examples of work that is eligible, but there are many more:
Freelance writer
Ridesharing service
Tutoring
Independent consultant
Entertainer
Handyworker
Freelance social media manager
Dog walker or pet sitting
Artisan who sells handmade works online
Sell items on Facebook marketplace
Here are tips that I give my clients to help them get better approval ratings for business cards.
Make sure you are under 5/24 = not more than 5 lines of credit opened in the last 24 months. (Obvious, but I must always ask.)
Make sure your credit is not frozen. Many clients I help still forget that they froze their credit for security purposes. Make sure you unfreeze it before your application.
Evaluate your overall credit limit with chase and other cards. If the sum of your limits are too high (over 100k overall), it’s possible you can get declined. Try to call the banks and lower some limits. This will help your approval rating.
If you don’t have an EIN or a registered business, it’s still totally fine to apply for Chase business cards. Ex. My spouse the graphic design consulting on the side and she still qualified. You’ll need a NAICS business category code to apply for biz cards. Here are NAICS codes will higher approval ratings: 541611Consulting • 541613 Marketing • 541000 Technology • 454110 E-commerce • 611000 Education • 541990 Services.
Hope this helps increase your approval rating! If you would like to support what I do, here is my affiliate link! I do my best to help people for FREE, but this is a way you can show aloha as well!
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