Apply For Business Credit Card

There are many reasons to apply for a business credit card, but the primary reasons are to keep track of expenses and to receive discounts. For instance, the Ink Cash Business Card offers 3% cash back on purchases at gas stations, home improvement stores, office supply stores, and all restaurants. It also offers 1% cash back on all other purchases. The Capital One Business Platinum With Double No Hassle Miles offers 2 miles for every dollar spent. Intelligent businesspersons know it’s important to cut costs in every way possible in order to improve their bottom line. And these savings add up quickly. In order to receive these savings, you must first apply for the business credit card you feel fits you best. Of all the business credit cards out there – and there are several dozen – the Ink Cash Business Card has been rated the highest. Whether it’s the correct choice for you or not is another question, but based on its stellar reputation, it’s what we have chosen to use as an example in regards to applying for a business credit card.

Prior to filling out an application for a business credit card, you’re first going to have to check off a few boxes. One is that you’re the owner or authorizing officer of the company. Another is that you’re liable for balances. The third box is that you have not had any bankruptcies or delinquent accounts. And the last box is that you have not been denied credit by Chase within the past six months. After those boxes are checked – and truthful – you may proceed to the actual business credit card application.

In the first section, you will be required to fill out the following information: name of business, tax ID, business address, city, state, years as current owner, number of employees, legal entity, nature of business, annual sales in dollar amounts, if you have had any other accounts with Chase, and average business checking account balance year-to-date. After this business-related information, the application process will take on a more personal tone.

Even though it’s an application for a business credit card, they still want to know as much about you as possible. This is understandable considering the average size of available credit for a business credit card. The next section will ask for the following information: your business title (president, vice president, treasurer, owner, member, partner), first and last name with middle initial, social security number, date of birth, residential address, home phone, cell phone (optional), mother’s maiden name, e-mail address, and gross annual household income.

Once all this information is filled out, you should expect an approval within 5 to 7 business days. Now that you know what to expect when you apply for a business credit card, let’s take a look at the differences between the top two cards – Ink Cash Business Card and Capital One Business Platinum With Double No Hassle Miles.

Ink Cash Business Card

Intro APR: 0%
Intro Period: 6 months
Regular APR: 11.24% Variable
Annual Fee: None
Balance Transfers: Possible
Credit Required: Excellent

Capital One Business Platinum With Double No Hassle Miles

Intro APR: Not offered
Intro Period: N/A
Regular APR: 17.99%
Annual Fee: $39 (waived for first year)
Balance Transfers: Possible
Credit Required: Excellent