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To be considered for a Chase business credit card, you must meet certain criteria and provide comprehensive details about both your business and personal finances. 

Having a clear understanding of these requirements can make the application process more efficient and improve your likelihood of being approved. 

Here's a complete summary of the essential details and procedures required to apply for a business credit card from Chase.

What are the requirements for a Chase business credit card?

Business information

When applying for a Chase business credit card, you will need to provide detailed information about your business. This includes:

  • Legal business name: The official name of your business as registered with the state.
  • Business address and phone number: Contact information for your business location.
  • Industry type: The nature of your business, such as retail, services, or manufacturing.
  • Years in business: How long your business has been operational.
  • Annual revenue: Your business’s yearly income before expenses.
  • Number of employees: The total number of people working for your business.

Personal information

Chase requires personal details to assess your creditworthiness and manage potential risks. This includes:

  • Full name: Your legal name as it appears on your identification.
  • Home address: Your residential address.
  • Social Security number (SSN): Needed for credit checks and verification.
  • Date of birth: Your birth date for identification purposes.
  • Personal income: Information about your personal annual income.

Business financials

Chase may evaluate your business's financial health to determine eligibility for a business credit card. While not all applicants may need to provide extensive documentation, being prepared with the following can enhance your application:

  • Bank statements: Recent statements may be requested to show your business’s cash flow, especially if the business is new or lacks a credit history.
  • Tax returns: Previous years' tax returns can help verify your annual business revenue and expenses, though they might not be required for every applicant.
  • Profit and loss statements: These documents summarize revenues, costs, and expenses, and can provide a comprehensive view of your business’s financial health. Again, this may not be a strict requirement but can be beneficial.

Legal and ownership details

Chase will also require information about your business's legal standing and ownership structure, such as:

  • Business structure: Type of business entity (e.g., LLC, corporation, sole proprietorship).
  • Employer Identification Number (EIN): Federal tax identification number for your business.
  • Ownership details: Information about the business owners and their stake in the company.

TIP
Does Chase do a hard pull for business credit cards?
Yes, Chase typically performs a hard pull on your personal credit report when you apply for a business credit card. This inquiry can temporarily lower your credit score by a few points.

What are the odds of being approved for a Chase business credit card?

The odds of approval depend on several factors, including your personal credit score, business revenue, and overall financial health. Businesses with strong financials and owners with good to excellent credit scores have higher chances of approval. Additionally, a solid banking relationship with Chase can improve your odds.

TIP
What credit score is needed for a business credit card?
Generally, a credit score of 680 or higher is recommended for a Chase business credit card. However, Chase also considers other factors like business revenue and financial stability on their business card applications.

Get a Ramp Corporate Card with no credit check or personal guarantee

If you're looking for a corporate card without the need for a credit check or personal guarantee, consider the Ramp Corporate Card. Ramp offers businesses a streamlined application process, focusing on your business's financial health rather than personal credit scores.

Ramp is an excellent alternative to traditional business credit cards for companies seeking to simplify their expense management and access credit without impacting their personal credit.

Try Ramp for free
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Finance Writer and Editor, Ramp
Ali Mercieca is a Finance Writer and Content Editor at Ramp. Prior to Ramp, she worked with Robinhood on the editorial strategy for their financial literacy articles and with Nearside, an online banking platform, overseeing their banking and finance blog. Ali holds a B.A. in Psychology and Philosophy from York University and can be found writing about editorial content strategy and SEO on her Substack.
Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.

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