Chase Tightening Rules on Business Credit Card Applications

Advertiser Disclosure

Last updated on September 21st, 2023

Chase Bank is making it more difficult for those looking to get a new small business credit card. According to numerous reports, the bank is now requiring users to register and log in to the Chase website before submitting business credit card applications.

Chase has taken steps to curb the practice of credit card churning, which is when individuals open and close multiple credit card accounts to maximize signup bonuses. Whether this is another instance of the bank’s efforts is not known, but some of the common reasons for business application rejections points to this being the cause.

Reasons for Rejections Indicate an Attack on Churning

According to some users on popular site, Doctor of Credit, Chase is citing insufficient funds and the lack of a business structure as reasons for rejecting business credit card applications. This would indicate that the bank views these applications as predatory, rather than ordinary small business owners.

The news relates to a broader attempt by the industry to cut down on the negative impact of churners. We have covered the efforts by both Chase and American Express to claw back rewards in the past. This effort is likely another step in that process.

The Coronavirus Impact on Credit Cards

Of course, the news of Chase tightening the rules for applications follows closely on the heels of the bank reducing credit limits on some customer’s consumer credit card accounts. JPMorgan Chase has been taking proactive steps to insulate their finances during the coronavirus (COVID-19) pandemic. Reducing credit limits for some customers is one way the bank is protecting itself from potential defaults.

About Chase Bank

JPMorgan Chase & Co. is one of the largest financial institutions in the world. The bank is also the second-largest credit card issuer by total accounts in the United States. To date, Chase has approximately 83 million credit cards in circulation, second only to Citibank. Chase offers some of the most popular credit cards on the market today, including the Chase Sapphire Reserve and the Chase Freedom Unlimited. The bank also issues several co-branded cards with leading brands like Amazon, Marriott, Southwest, and more.

Related Article: What Are the Easiest Credit Cards for Bad Credit to Get?

Editorial Disclosure – The opinions expressed on's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.

About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.