The improvement in the chloride binding capacity of concrete has been shown to increase corrosion resistance. The addition of supplementary cementitious materials (SCMs) to Portland cement has been proven to increase the binding capacity, except for silica fume, whereas the impact of chemical additives is not extensively addressed in the literature. This work studies the influence of SCMs and chemical additives, i.e., calcium nitrite inhibitor (CNI), migrating corrosion inhibitor (MCI), and Caltite as a hydrophobic material, on binding capacity. The addition of both corrosion inhibitors (MCI and CNI) has minimal effect on the binding capacity, while the addition of Caltite reduces the binding capacity by limiting the contact of the samples with the salt in water due to its hydrophobic nature. In addition, the study compares the performance of the available fitting–binding models against the available experimental work in the literature, and shows that the Freundlich isotherm is the best fitting model for describing the relationship between the binding capacity and the free chloride. The study further relates the binding capacity to different compositions in cement and SCMs, and shows, by conducting quantitative analysis, that the Al2O3 content is the dominant factor affecting the binding capacity. Finally, this work proposes a new model, which uses Al2O3 content and free salt concentration to predict the bound chloride. The model shows adequate correlations to the experimental work and, further, can be used in service-life modeling of concrete.