Unlock generous cash-back rewards with the Ink Business Unlimited Card
The Ink Business Unlimited Credit Card from Chase is a powerful tool for business owners, offering generous cash-back rewards and benefits. However, to get approved, there are specific requirements and steps involved.
Requirements
- Credit score: A credit score of 690 or higher is recommended.
- Business type: You can apply if your business is a sole proprietorship, LLC, corporation, or partnership.
- Minimum annual business revenue: While there’s no specific income requirement, businesses with a consistent revenue stream are preferred.
- U.S. Citizenship or Legal Residency: U.S. citizens or permanent residents (Green Card holders).
How to apply for the Ink Business Unlimited Credit Card
Step 1: Verify your credit score
Action: Check your credit score before applying to ensure it meets the required minimum of 690. If your score is lower, consider improving it by addressing outstanding debts.
Why It Helps: A good credit score will increase your chances of approval and help you qualify for a higher credit limit.
Step 2: Prepare your business financial information
Action: Gather documents such as tax returns, financial statements, and proof of business income. This information is crucial when applying for a business card.
Why It Helps: Chase will need to verify your business’s income to determine your creditworthiness.
Step 3: Complete the online application
Action: Go to the Chase website and complete the application for the Ink Business Unlimited Credit Card. You’ll be asked for your business details, including your EIN (Employer Identification Number) or your Social Security number if you’re a sole proprietor.
Why It Helps: The online application is simple and ensures a smooth application process.
Step 4: Submit your application for review
Action: Once you’ve filled out the necessary information, submit your application for review. Chase will typically give you an answer within a few minutes, though it may take a few days for final approval.
Why It Helps: A fast response will let you know if you qualify for the card or need to make improvements before reapplying.
What to do after applying
- Understand the card’s features: Once approved, you’ll enjoy unlimited 1.5% cash back on all purchases and free employee cards. Make sure you understand all the benefits and how they work for your business.
- Know the fees: The Ink Business Unlimited Credit Card doesn’t charge an annual fee, which makes it a great option for businesses that want to avoid high upfront costs.
- Maximize your rewards: Use the card regularly for business purchases to maximize your cash-back earnings.
The best credit card
The Ink Business Unlimited Credit Card is an excellent option for business owners looking to earn cash back on all purchases. By meeting the credit score, business type, and income requirements, you can apply confidently and unlock the card’s valuable features. Follow these steps, and your business can benefit from the rewards and financial flexibility this card offers.
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