I've been a longtime cardholder of the Chase Sapphire Reserve® (see ), so when I learned that Chase would be launching a business version of the card, I was very intrigued.
This curiosity turned into shock when I learned that the Chase Sapphire Reserve for Business℠ (see ) has a massive welcome bonus: Earn 200,000 points after you spend $30,000 on purchases in your first six months from account opening.
I decided to take the plunge, and, luckily, I had a surprisingly easy experience getting approved for this card. Here's how it went.
Submitting the application
Once I decided to apply, completing the application was the first step. It's relatively straightforward to apply for a business credit card with Chase, especially since my wife and I have a formal limited liability corporation. I put in the full details of our LLC, including our federal Employer Identification Number — though you can apply as a sole proprietor using your Social Security number.
Going into this, I knew that I was just under the cusp of Chase's 5/24 rule, as I had opened four new cards across all issuers in the last two years. However, I also have a number of other Chase credit cards, and since Chase typically limits the total amount of credit it'll extend to you, I figured that would lead to a "pending approval" message.
