There is no limit to the number of Chase business cards you can have at any given time. Plus, each Chase business credit card account can have up to 99 employee cards on it, according to customer service representatives.
It’s important to note that all Chase business credit cards require a hard inquiry into your personal credit during the approval process. That's because you’ll have to provide a guarantee to repay any debts your business cannot. Therefore, it’s best not to apply for multiple cards at the same time. Several simultaneous hard inquiries can make it hard to get approved, and can reflect negatively on your credit score. Plus, you’ll need to consider how many cards you can reasonably pay off if your business goes under.
Things to Know About Adding Employees to Your Chase Business Card
There is no additional fee to add your employees to your Chase business credit card account (essentially the business version of authorized users). The employees share the overall credit line, though you can set limits on their individual spending.
The best Chase business credit card is the Ink Business Preferred® Credit Card because it offers 100,000 points for spending $15,000 in the first 3 months. The Chase Ink Preferred also gives 3 points per $1 on the first $150,000 spent per year on travel and select business expenses, and 1 point per $1 on all other purchases. This card provides free employee cards, too. And it has a $0 foreign transaction fee. The annual fee is $95.
The Ink Cash offers the best ongoing cash back bonuses of any Chase business credit card. It has a $750 bonus for spending $7,500 in the first 3 months. And it gives 5% cash back on the first $25,000 spent per year in combined purchases at office supply stores and on internet, cable and phone services; 2% cash back on the first $25,000 spent per year at gas stations and restaurants combined; and 1% back on all other purchases. There’s a $0 annual fee.… read full answer
But if you want to earn rewards at a flat rate, Chase Ink Business Unlimited comes out on top. It offers unlimited 1.5% cash back on all purchases. And it has a $0 annual fee.
You can’t apply for Chase Ink Preferred without a business. That’s one of the main requirements for getting the card. However, having a “business” doesn’t necessarily mean having an office and paying employees. Your business could be as simple as regularly selling things on eBay or Etsy, or being a freelance writer or artist. If you’re a sole proprietor, you don’t even need the business to have its own tax ID number. You can use your Social Security number instead.… read full answer
In order to apply for Chase Ink Preferred, you’ll need several pieces of information. First, you’ll need the legal name of the business, the address and the phone number. You can substitute your own name if the business has no name, along with your address and phone number if you don’t work outside your home. You’ll also need to specify the type of business, the number of years in business, the number of employees and the annual revenue. And you’ll need to provide the business tax ID number or your SSN.
It’s not a good idea to apply for Chase Ink Preferred without a business if you truly have no business income. Lying on credit card applications is illegal. You’re better off taking the time to start a small side business by selling things online or doing freelance work before you apply. Or, if you’re not planning to start a business, you should just get a consumer card.
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