The Elevations is a business credit card from Elevations. Application typically pulls a hard report from Experian. The annual fee is No, we don’t charge an annual fee on any of our Elevations Visa Business Credit Cards.. The ongoing APR is 14.49% - 26.49% Variable. Rewards: You can redeem reward points for cash back, travel, media, entertainment, charitable giving, and more.. This product does not report routine activity to your personal credit (only on default if a personal guarantee is required). Application rules: Chase 5/24: Chase will not approve any new card application — personal or business — if you have opened 5 or more credit cards from any issuer in the past 24 months. Business cards from Chase, Amex, and Capital One generally do NOT count toward the 5/24 total because they don't report to personal bureaus..