Guide to Getting Approved for Business Credit Cards

Business cards are a great way to earn points while not contributing to your Chase 5/24 number (with the exception being Capital One and Discover). Additionally, many times you can get a sign-up bonus multiple times by applying for one card as a sole proprietor using your social security number and one using an Employer Identification Number, which you can easily apply for online

You do not need a large amount of “business income” to be approved for a business credit card. For most cards, $2,000-5,000 in revenue will get your approved. Income can also be estimated income for the upcoming year as long as it is realistic. 

You might not realize that a large portion of your income can be considered “business income.” Think of any ways you make money besides your direct deposit such as:

  • If you are a 1099 employee (independent contractor)
  • Rental income
  • Income from selling anything (eBay, Amazon, craigslist, flea market, etc.).
  • Bartering (the fair market value of the services you exchange with someone else)
  • Any side business you have (mowing lawns, babysitting, moving people, etc.)

Sole Proprietorship– Most people will probably consider themselves a sole proprietor since there are no legal steps to being one. All you need is one of the activities below such as a kid cutting a homeowner’s lawn is a sole proprietor. 

  • Use your name as the business name.
  • On the federal tax ID, put your social security number
  • The business address and phone number can be the same as your personal address and phone number.
  • Choose Sole Proprietorship as company structure.

LLCs– If you want to form an LLC, here is a pretty good 50-state guide for a non-attorney to follow in setting up an LLC. Additionally, most states offer step-by-step guides on their website (e.g., Missouri’s LLC Guide). In some states, forming an LLC is very cheap and only a one-time fee (i.e. Missouri is $50 online and no annual fee). Whereas other states see LLCs are moneymakers (i.e. Tennessee costs $300-$3000 to create and the same amount per year depending on the number of LLC members).

  • Disclaimer- I am an attorney, but I am not your attorney. Consult your attorney if you have any questions. 

Top Business Cards

Chase Ink Preferred

Application Link (Target: 80,000; Current: 80,000) (subject to 5/24 Rule, but won’t count towards 5/24 rule)

If you have a legitimate business and a pre-existing relationship with one of Chase “business relationship manager” you may be able to get a 100,000 sign up bonus.

Annual Fee: $95

Earning: 3x on travel, shipping, advertising, and internet/cable/phone (up to $150,000), and 1x everywhere else.

UR travel value: 1.25 CPP (if you have Reserve, you can transfer for 1.5 CPP)

Benefits: Cell Phone Insurance (up to $600 per claim, $100 deductible, up to 3 times per year), 12-hour trip delay insurance, primary rental car insurance, trip cancellation insurance, 120-day purchase protection, and extended warranty.

Note: The cell phone insurance makes this card a keeper plus 3x on travel, cable, internet, phone.

American Express Business Platinum

Application Link (Target: 100,000; Current: 75,000) (very large spend requirement)

Annual Fee: $450

Earning: 5x on flights booked with and 1x everywhere else.

Benefits: This card’s great Benefits are detailed here. (Airport Lounge Access, Uber credits, Global Entry, Hotel Status, etc.)

Unique Features: 1.5x on eligible purchases above $5,000 and 35% bonus when you pay for an eligible flight on

American Express Business Platinum Card

American Express Blue Business Plus

Application Link (Target: 20,000; Current: None)

Annual Fee: $0

Earning: 2x on all purchases up to $50,000, then 1x.

Benefits: Extended Warranty and 90-day price protection

Note: This is a great card due to the 2x Membership Rewards points. 


Share on facebook
Share on twitter
Share on linkedin
Share on pinterest

Sign up for our Daily Points newsletter

Get Daily Points sent directly to your inbox