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There are many reasons to go for the Chase Ink Business Preferred® Credit Card, including the incredible 100k point sign-up bonus (worth up to $1,250 in award travel by spending $15,000 in the first 3 months). Cardholders earn up to 3x points on key business purchases (many other credit cards only earn 2x points). Plus, there are flexible award travel redemption options with Chase’s travel partners, including the recently added Aeroplan.

Chase Ink Preferred cardholders don’t have to worry about foreign transaction fees, though there is a $95 annual fee (very reasonable, especially compared to other business cards). But how hard is it to get the Chase Ink Business Preferred?

100k Bonus (Worth $1250 in award travel): Ink Business Preferred® Credit Card

The beautiful sky as Johnny flew Air France from JFK to CDG in business class back in 2012. Credit: Johnny Jet

How Hard Is It to Get the Chase Ink Business Preferred?

Cardholders can redeem points for cash back, gift cards, travel, and more (points are worth 25% more when redeemed for travel through Chase Ultimate Rewards). Points don’t expire as long as the account is open. Additionally, cardholders get fraud protection and zero liability. Purchase protection covers new purchases for 120 days against damage or theft, up to $10,000 per claim and $50,000 per account. 

You may already know why you want the Chase Ink Business Preferred® Credit Card (if you aren’t sure, check out our in-depth Chase Ink Business Preferred review). However, you probably don’t know if Chase will approve your application. Before submitting an application, it’s important to know your approval odds.

Credit Score Needed for Chase Ink Business Preferred Credit Card

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 good to excellent credit score. Having a personal credit score in the mid-700s or higher means you will most likely 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 try 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 five credit cards in the last 24 months.

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

If you need a business credit card for travel, you will need to try for a non-Chase business credit card. It appears that Chase applies the 5/24 rule to all credit cards.

Qualify for the Chase Ink Business Preferred Signup Bonus

You can qualify for the Ink Business Preferred® Credit Card bonus offer as long as you spend $15,000 in the first 3 months of account opening. This is one of the best credit card signup bonus 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 trying.

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

The Chase Ink Business Preferred® Credit Card holds the honors of having the most extensive and most valuable ongoing Ultimate Rewards signup bonuses! It’s worth $1,250 when booking award travel through Chase as each point is worth 1.25 cents each. But the 100,000 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 Chase Ink Preferred 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 trying for the Ink Business Preferred.
  • List your total annual income — taxable and non-taxable — when trying.
  • Open a Chase business bank account.
  • Submit paper application at a local Chase branch

Trying at a local Chase branch isn’t a practical option for every person. Thankfully, the Chase Ink Business Preferred® Credit Card is an option for 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® Credit Card 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 its denial decision is if you have too many recent credit card applications. It doesn’t matter if 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.

Ink Preferred 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. This is standard for Visa Signature credit cards. Well-qualified applicants can qualify for a higher limit of up to $25,000.

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


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

100k Bonus (Worth $1250 in award travel): Ink Business Preferred® Credit Card

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Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.

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7 Comments 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.

  2. Caley|

    I applied for this card and, despite having excellent credit, three other cards with Chase and never missing a payment, was declined. They say it’s because I don’t have a checking or savings account with them. Boo.

  3. Shavon Childs|

    I got declined

  4. Salim|

    Applied online got email its under review. About 3 weeks later got mail asked for EIN verification and address verification like tax permit etc. I faxed over. About 2 weeks later got email approved and package in mail. Got the package less then a week got approver for $44700 limit with Experian score of 729. Wow very happy. Highest limit on personal is chase freedom unlimited for $11300. lowest limit is $3100 with 9 open accounts

    1. Johnny Jet Editorial|

      Thx for the data point!

  5. karen m|

    I applied and my application was denied because my company has only been stablished for a year… I called the number I saw on this post and ask for reconsideration. They approved me for $5,000. My credit is 756. Thanks to this post I knew what to do.

    1. Johnny Jet Editorial|

      Congrats on your Ink Preferred approval and happy we could help!

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