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There are many reasons to get the Chase Ink Business Preferred℠ Credit Card. After all, who doesn’t want to earn up to 3x points on key business purchases and have flexible award travel redemption options? And let’s not forget about that 80,000-point signup bonus worth up to $1,000 in award travel.

get the chase ink business preferred

You may already know why you want the Chase Ink Business Preferred℠ Credit Card. However, you probably don’t know if Chase will approve your application. Before submitting an application, it’s important to know your approval odds.

Learn more: Ink Business Preferred℠ Credit Card

Credit Score Needed

Although the Ink Business Preferred℠ Credit Card is a business credit card, Chase still uses your personal credit score to make an approval decision. Of course, you will also need business income to qualify and be at least 18 years old.

You have the best approval odds with a minimum 740 credit score. It’s highly recommended you have excellent personal credit to get the Chase Ink Business Preferred. Having a personal credit score in the mid-700s or higher means you are most likely to receive an instant approval decision.

However, it’s possible to get approved with a score below 740. One of the best examples is from Lissa001 sharing their experience with a 640 credit score. “I was approved with a FICO score of 640 and have a couple of old collections on my account. I had to go through the verification process which took about 2 weeks and then was approved.

It’s still best to wait to apply when your score is at least 700. Having high annual business revenues or existing Chase business products are two ways to boost your approval odds when you still only have good credit.

Number of Recent Credit Card Openings

Even if you have perfect credit, Chase can still decline your application if you have too many recent card applications. Although Chase doesn’t publish its application guidelines, Chase’s relatively strict “5/24 Rule” is well-known to card churners.

If you’re not familiar with this policy, expect Chase to decline your application if you have either opened or been listed as an authorized user for at least 5 credit cards in the last 24 months.

You might be able to bypass this rule by applying in-person at your local Chase branch. Otherwise, it’s best to play it safe and wait until you only have four or less new credit cards open less than 24 months.

If you need a business credit card now, you will need to apply for a non-Chase business credit card. It appears that Chase applies the 5/24 rule to all Ink and branded airline and hotel travel credit cards.

Get the Chase Ink Business Preferred

Qualify for the Signup Bonus

You qualify for the Ink Business Preferred℠ Credit Card bonus offer as long as you spend $5,000 in the first 3 months of account opening. This is one of the best credit card signup bonus June 2019 offers available.

It doesn’t appear that currently owning another Ink business credit card excludes you from this bonus. If you are a returning Ink Business Preferred cardmember, it can be worth asking a Chase representative if you qualify for a second bonus before applying.

Because this is one of the largest signup bonuses you may ever earn, it can be well worth waiting to apply once you are certain you can reach this high spending requirement.

The Chase Ink Business Preferred℠ Credit Card holds the honors of having the largest and most valuable ongoing Ultimate Rewards signup bonus! It’s worth $1,000 when booking award travel through Chase as each point is worth 1.25 cents each. But the 80,000 bonus points can be worth more if you can make each point worth at least 1.25 cents each with the 1:1 airline and hotel transfer partners. You only have to be wise with how you transfer your points.

Thankfully, this bonus doesn’t have as many restrictions as the Chase Sapphire Preferred bonus where you can’t presently own another Sapphire product or have earned a Sapphire card bonus in the last 48 months.

Improving Your Approval Odds

You can improve your approval odds of getting the Ink Business Preferred℠ Credit Card by practicing a few of these suggestions:

  • Lower your credit utilization ratio on existing credit cards
  • Avoid new credit card applications until applying for the Ink Business Preferred
  • List your total annual income — taxable and non-taxable — when applying
  • Open a Chase business bank account
  • Submit paper application at a local Chase branch

Applying at a local Chase branch isn’t a practical option for every person. Thankfully, the Chase Ink Business Preferred℠ Credit Card is an option to any U.S. business owner at least 18 years old. You don’t have to live in a specific region to gain approval.

Chase Reconsideration Line

If your Ink Business Preferred application is declined, you can call the toll-free Chase reconsideration line at 1-800-453-9719.

Calling doesn’t guarantee the Chase agent will reverse the original decision. But it can’t hurt. Plus, you may get more information about why Chase won’t approve your application.

One instance where Chase will stand firm with their denial decision is if you have too many recent credit card applications. It doesn’t matter your five most recent cards are all issued by Chase, the Chase 5/24 rule is almost always a non-negotiable topic.

Depending on the agent’s response, you may use some of the following reasons to potentially switch your “No” decision to a “Yes.”

  • I’ve been a Chase customer for X years.
  • Can provide additional business documents to verify application details
  • Never missed a payment on my other Chase credit cards
  • Willing to accept a lower credit limit to get approved
  • Will pay a lower annual fee than my current business credit card
  • Travel extensively and plan on using the 25% travel redemption bonus and 1:1 point transfers

Be prepared for Chase to ask about your recent card applications and why you want another credit card. You may also need to explain your current business income and projected earnings. It’s a good idea to jot a few key business details on a piece of paper before calling so you can provide a detailed and well-thought response.

The Ink Business Preferred credit card is one of the best credit cards for purchasing flight tickets and one of the best credit cards for international travel. It’s worth the time and effort to call and get more information from an agent.

Credit Access Line

Besides getting approved, you should also know what your initial credit limit might be. We don’t know how Chase determines your exact limit, but it can be influenced by your credit score, credit history, business revenue, and current credit card usage.

In the card pricing and terms document, Chase states your minimum credit limit will be $5,000, which is standard for Visa Signature credit cards. Well-qualified applicants can qualify for a higher limit up to $25,000.

Chase may request additional information in order to get an Ink Business Preferred card limit above $25,000.


Having excellent credit, steady business income, and fewer than 5 new credit cards means you should have high approval odds for the Ink Business Preferred. Like any credit card application, do your best to optimize your personal credit report before applying. Your reward can include owning possibly the best Chase business credit card along with receiving an instant approval decision.

Learn more: Ink Business Preferred℠ Credit Card

Josh Patoka

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How Hard Is It To Get the Chase Ink Business Preferred?
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1 Comment On "How Hard Is It To Get the Chase Ink Business Preferred?"
  1. Jyoti|

    Great Article! I read your Article. Thanks for sharing with us.

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