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Business owners and organizations can apply for Chase business credit cards via a simple online process, similar to consumer cards. The process of applying for a card can begin via a mailing that provides pre-qualification information or via an online search or telephone call with the card issuer.
Prior to filling out an application, make sure you evaluate your business goals and explore card offers to decide on the best business card for you. For example, the Ink Business Preferred® Credit Card allows businesses to earn 3 points per dollar on the first $150,000 spent on travel and select business categories each account anniversary year and 1 point per dollar on all other purchases and new accounts can earn 100,000 points after spending $8,000 on purchases in the first 3 months from account opening. Meanwhile the Ink Business Cash® Credit Card offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year and 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases. Finally, a co-branded airline or hotel card might be a good choice for companies that are loyal to specific travel brands.
Weighing card offerings can be daunting, but using the simple “Compare” tool on the Chase Business credit card product page makes this a bit easier. The tool allows an applicant to compare card details, including annual fees, rewards and interest rates.
1. Enter Your Personal Information
The first step you will encounter when applying for any Chase business credit card is supplying your personal information.
Similar to a personal credit card application, inputting this information should only take a few minutes of your time. In this section, make sure the address you record is your personal address. In the following section of the application supplying your business information, you will be able to record your business’s address if it differs from your personal address.
As for your “total gross annual income,” record your total annual income prior to any deductions, such as taxes or a 401(k) plan. When coming up with this number, consider all of your income streams, such as part-time or full-time employment, alimony or child support, gifts or trust fund payments, Social Security payments or pensions, retirement fund payments and investment income. Don’t be stressed if this number is not exact. While you should never lie on a credit card application, supplying your best estimate here will suffice.
2. Enter Your Business Information
The more time-consuming section of the application comes next, where you supply your business information.
Don’t let this section deter you from completing the application. With a bit of explanation, you will probably realize you know most of this information off the top of your head, or have it handy in other business documents. Here’s what you’ll need to provide:
- Business legal name: Enter the legal name of the business. If the business is run solely in the applicant’s name, do not make up a DBA name unless the operation already has one.
- Desired business name on card: Enter the name of the business or the proprietor, as this will be the name displayed on the credit card.
- DBA (Doing Business As): If your business does use a DBA, select yes. Once you select yes, the application will allow you to record this name.
- Tax ID type: If the business has applied for and received a federal Employer Identification Number (EIN), you should enter this number. If you do not have an EIN or are a sole proprietor, the application allows you to submit an Individual Tax ID Number (ITIN) or your Social Security number (SSN).
- Business address: As mentioned before, this is your opportunity to record a business address if it differs from the personal address you recorded before.
- Number of employees: Record the number of employees at your business not including yourself. If you are a sole proprietor, record “0” for this section.
- Business phone number: Similar to your address, include the phone number for your business if it differs from your personal phone number. If they are the same, record the same phone number.
- Annual business revenue: Record the total annual income from your business prior to taxes and expenses. Again, your best estimate here is sufficient.
Business category: The application is populated with options to select from for your “Business category,” “Business type” and “Business sub-type.” Choose the options that are most applicable to your business. - Estimated monthly spend: Record the average monthly amount you would charge on this credit card.
3. Add Employee Cards
One of the final sections of the application you will encounter is the option to add employee cards. By selecting “yes,” you will be able to add up to five employees to your account who will all receive an individual card. All you have to do on the application is supply their name and address.
There is no charge for additional cards and an applicant can also request employee cards through Chase’s website after their application is approved.
4. Decide Your Billing Statement Preferences
The last question to answer on your application has to do with your billing statement preferences. Applicants can opt in to go paperless and receive all statements digitally, or can request to receive their statements through the mail. This question comes with little pressure, as you can always update your preferences through your account online or through your Chase mobile app.
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