How many Chase cards can you have?

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 ... read full answerhard 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.

Credit card churning is the strategic approach of applying for credit cards solely to earn their signup bonuses, possibly with no intention of using each credit card for anything else. People who engage in credit card churning often earn rewards bonuses with rule-bending methods like manufactured spending, which is basically reaching a spending threshold without really spending much money. The goal of many churners is to travel or earn signup money for free.... read full answer

Churning is frowned upon by credit card companies - which makes sense, considering the average signup bonus for credit cards is about $200. There are many rules governing signup bonuses among card issuers to prevent people from abusing these offers. Some credit card companies cap how many bonuses you can earn across all of their credit cards, or how many credit cards you can get approved for in a certain period of time. And many credit card companies exclude things like balance transfers, gift cards, and money orders from their list of purchases that qualify toward a spending threshold.

It’s important to remember that credit card issuers have the upper hand on dubious bonus-seekers. The card issuers write the rules, after all. If an issuer sees strange activity on your account that looks like churning, they may review your account for violations, take your earned rewards away, or close your account entirely. And according to forums online, some card issuers may even close other existing accounts you have with them – including checking – if you apply for a credit card and they see you have too many applications on your report. It could make it harder to get approved for new accounts in the future, too. That’s all the more reason to tread lightly when it comes to credit card bonuses.

The Chase Ink Preferred 5/24 rule is not real, at least not as of July 2020, according to Chase representatives. References to the Ink Preferred 5/24 rule regularly appear in user forums online, and the idea is that Chase will automatically reject an application for any Chase card if the applicant has opened 5 or more credit card accounts in the previous 24 months, regardless of issuer. This rule isn’t currently spelled out anywhere in the terms for Ink Business Preferred or any other Chase credit card, however. Chase reportedly posted language detailing such a rule in the past, but the content was later removed.... read full answer

Chase has stated that when they review an application, they do consider how many credit accounts the applicant has recently opened. They will not, however, automatically deny an application solely for opening 5 cards in the previous 24 months. In any case, opening too many new credit card accounts in such a short timeframe is not good for your credit score. It’s better to allow at least six months between applications.

Other factors Chase considers when you submit an application include your credit score and credit history, gross annual income, outstanding debt relative to income, and monthly housing payment, among others. Chase Ink Preferred requires at least good credit in order to have high odds of approval.