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The Easiest Instant Approval Business Credit Cards To Get In 2024

There are many instant approval credit card options for businesses that want 0% APR, or require frequent travel. But which ones are the easiest business credit cards to get?

    Jason Vissers
  • Last updated onUpdated

  • Chelsea Krause
  • REVIEWED BY

    Chelsea Krause

    Lead Staff Writer

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Instant approval business credit cards can provide fast funding for your small business. These cards come in handy when your business faces an inconsistent cash flow, encounters unexpected costs, or simply needs extra funds for business expansion.

This rundown of the easiest instant approval business credit cards summarizes our top picks. For a more general overview of the best business credit cards, we’ve got you covered as well.

Learn More About Our Top Picks

CompanyKey TakeawayNext StepsKey Takeaway
Brex

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  • Best for startups
  • Up to 8X points for spending on common startup expenses
  • Steep revenue/funding requirements
  • Best for startups
  • Up to 8X points for spending on common startup expenses
  • Steep revenue/funding requirements

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Ramp

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  • Best for no credit
  • 1.5% cash back on your business's total spend
  • High cash-on-hand requirements
  • Best for no credit
  • 1.5% cash back on your business's total spend
  • High cash-on-hand requirements

Apply Now

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Chase Ink Business Preferred

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  • Best traditional business credit card for instant approval
  • Earn 3X points on your first $150K/year in spending on several business expense categories + a generous welcome bonus
  • Good to excellent credit required
  • Best traditional business credit card for instant approval
  • Earn 3X points on your first $150K/year in spending on several business expense categories + a generous welcome bonus
  • Good to excellent credit required

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Blue Business Plus Credit Card from American Express

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  • Best for a long 0% intro rate
  • Earn 2x points on your first $50K/year in spending
  • Good to excellent credit required
  • Best for a long 0% intro rate
  • Earn 2x points on your first $50K/year in spending
  • Good to excellent credit required

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Capital One Spark Cash Plus

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  • Best for cash-back rewards
  • Unlimited 2% cash back on all purchases + 5% cash back on travel purchases booked through Capital One Travel
  • Excellent credit required
  • Best for cash-back rewards
  • Unlimited 2% cash back on all purchases + 5% cash back on travel purchases booked through Capital One Travel
  • Excellent credit required

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Spark Miles Select from Capital One

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  • Best for travel rewards
  • Unlimited 1.5x miles on all purchases + 5x miles on travel + 20,000 bonus miles after you spend $3,000 in the first 3 months
  • Excellent credit required
  • Best for travel rewards
  • Unlimited 1.5x miles on all purchases + 5x miles on travel + 20,000 bonus miles after you spend $3,000 in the first 3 months
  • Excellent credit required

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Spark Classic from Capital One

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  • Best for fair credit
  • 1% cash back on all purchases
  • Fair credit required
  • Best for fair credit
  • 1% cash back on all purchases
  • Fair credit required

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OpenSky Secured Visa Card

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  • Best secured instant approval business credit card
  • No rewards for spending
  • No credit score requirements
  • Best secured instant approval business credit card
  • No rewards for spending
  • No credit score requirements

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Read more below to learn why we chose these options.

Table of Contents

The 8 Easiest Business Credit Cards To Get

To help you find the easiest business credit cards around, we looked at dozens of small business credit cards offering fast or instant approval and picked our favorites. These options fit the needs of different businesses, including those with fair credit, those seeking a 0% intro APR, and those with serious travel needs.

How The Best Instant Approval Business Credit Cards Compare

Annual Fee Rewards Rate Credit Required
Brex $0 to $12/user/month Up to 8x points on rideshares None, but strict business criteria apply
Ramp $0 to $12/user/month 1.5% flat cash back None, but strict business criteria apply
Chase Ink Business Preferred $95 3x points on your first $150K/yr in spending on several categories Good/Excellent
Amex Blue Business Plus $0 2x points on your first $50K/yr in spending Good/Excellent
Capital One Spark Cash Plus $150 2% flat cash back Excellent
Capital One Spark Miles Select $0 1.5x miles on all purchases Excellent
Capital One Spark Classic $0 1% flat cash back Fair
OpenSky Secured Visa $35 No rewards None

Brex: Best For Startups

Brex


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Pros

  • Very high rewards rates for common startup expenses
  • No credit check or personal guarantee required
  • Virtual cards upon approval

Cons

  • Available only to C-corp, S-corp, LLC, and LLP corporations
  • Must be on a path to earning $1 million/year in revenue, having 50+ employees, or receiving equity investment to qualify

What Makes Brex Great For Startups?

Brex's corporate card doesn't require a personal guarantee, making it ideal for startups needing a credit card quickly. It's one of the easiest business credit cards to get for well-funded startups without a credit history.

Brex offers instant card numbers, so your business can start using virtual cards and draw from your credit line immediately upon approval.

However, Brex's laser focus on startups with exponential growth potential means regular small businesses won't qualify. Regarding its target audience, Brex states "Our products are designed for companies that have or will soon reach some level of scale."

Brex Rewards

Brex’s pioneering corporate charge card features a rewards package aimed at fast-moving startups with perks such as bonus points for ridesharing and savings on business-oriented services like Slack and Amazon Web Services. What’s more, you won’t undergo a credit check when applying, and there is no personal guarantee requirement.

  • Earn 8x points on rideshares, 5x points on Brex Travel, 4x on restaurants, 3x on software, and 1x on everything else when you make daily repayments (1x less in each category with monthly repayments)
  • Exclusive signup offers worth $180,000+ from QuickBooks, Apple, UPS, AWS, and other Brex partners

Brex Fees & Rates

Brex’s standard plan carries no fees whatsoever — no monthly or annual fees, no late fees, no foreign transaction fees. And because it is a charge card that doesn’t let you carry a balance month-to-month, there’s no interest charged either.

In addition to the standard plan, Brex now offers two paid subscription tiers.

  • Brex Premium gives you more customization and integration options than the standard plan along with in-app travel booking/management and dedicated admin support. Brex Premium costs $12/user/month.
  • Brex Enterprise gives you international support with local cards and billing in 50+ countries, locally-funded payments in 40+ countries, additional customization and feature options, and the highest degree of onboarding and support. Pricing for Brex Enterprise is quote-based.

Brex Eligibility

Brex is only open to C-corp, S-corp, LLC, & LLP companies and startups, and to be eligible to earn rewards at the highest rates, you must make Brex your exclusive corporate card and sign up for automatic daily repayments.

As for other requirements, they differ depending on whether you’re applying for a card with daily repayments vs monthly repayments.

Brex cards with daily repayments require your business to meet at least one (not all) of the following criteria:

  • You’ve received an equity investment (any amount) from an accelerator, angel investor, or VC, or you plan to in the near future
  • Your business earns $1 million/year or more in revenue
  • Your business has 50+ employees
  • Tech startups may still be eligible if they are on a path to meeting one of the above criteria and are referred by an existing Brex customer or partner

To qualify for monthly repayments, the requirements are steeper.

  • Startups that are part of an accelerator program and which qualify for daily repayments also qualify for monthly repayments
  • Startups that have received venture funding qualify for both daily and monthly repayments
  • Startups that have received $100K+ in angel funding and plan to raise capital from an accelerator or VC in the future qualify for both daily and monthly repayments
  • Startups need at least $50K in the bank to qualify for monthly repayments, or “potentially even lower if you’re referred by certain partners”

A mid-market or enterprise business will need $400K+ in monthly revenue to qualify for monthly repayments.

What To Watch Out For

Brex’s impressive points-earning rates only apply if you agree to make Brex your exclusive corporate card.

Additionally, if you run a startup that has not received any equity investment, you’re not likely to qualify unless an existing Brex customer or partner is willing to vouch for your startup’s growth potential.

Essentially, if you have a tech startup and you’re in good standing with the tech startup community, Brex may be an ideal source of fast funding for you. Other startups and small businesses will find it harder to qualify.

When To Use Brex

  • You meet Brex's revenue, size, or equity investment requirements and you want to earn a very high rewards rate for common business expenses like rideshares and travel
  • You're willing to make Brex your company's exclusive corporate card

Get Started With Brex

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Ramp: Best For Businesses With No Credit

Ramp


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Rewards Rate

Unlimited 1.5% cash back on all purchases

Annual Fee

$0 for the standard package, $15/user/month for Ramp Plus

Business Size

Corporations and LLCs with $75K+ in the bank

Pros

  • Solid, flat-rate rewards
  • A unique platform built to help companies cut costs
  • No fees of any kind with a standard subscription (including annual fees)

Cons

  • Requires $75K cash on hand
  • Available only to US-based non-individual liability companies

What Makes Ramp Great For Businesses With No Credit?

If you have no business or personal credit history -- or if you don't want to touch your personal credit for a business credit card -- check out Ramp. When you're approved, you'll be able to use virtual Ramp cards immediately, giving you fast access to your credit line.

Ramp is ideal if your business meets the cash-on-hand requirement but you have little or no credit history. However, Ramp is a corporate credit card, so you'll have to pay off your card in full every 30 days.

Ramp's simple flat cash-back rate and its unique savings insights make it one of the best corporate credit cards on the market.

Ramp Rewards

The Ramp corporate charge card offers some nice rewards and is ideal if your business spending is varied and not concentrated on travel or rideshares. Here’s what you’ll get:

  • 1.5% cash back on your business’s total spend
  • “Pricing intelligence” that helps you reduce spending (According to Ramp, you’ll save an average of 5% on your total spend and 27% on SaaS contracts)
  • Access $350,000+ in partner rewards with Amazon Web Services, QuickBooks, Stripe, and many other services
  • Automated accounts payable tool
  • Mobile receipt capture via the iOS/Android app

Ramp also states that it offers 20x higher credit limits than traditional business cards due to the company’s precision underwriting.

Ramp Fees & Rates

You can use Ramp without paying any common credit card fees. No interest (since it’s a charge card), no late fees, no foreign transaction fees, etc.

Fees only come into play under two optional scenarios. Ordinarily, you can’t carry a balance month-to-month, but with Ramp Flex, you have the option to delay paying for a purchase for 30, 60, or 90 days. Percentage fees for financing are determined on a business-by-business basis, and all finance charges must be paid when the purchase is made.

As for monthly fees, there are none under Ramp’s standard plan. However, if you want more advanced features and a higher degree of customization, integrations, and international support, you can enroll in Ramp Plus, which costs $12/user/month and is billed annually.

For the highest level of features, customization, and support, there’s Ramp Enterprise, pricing for which is quote-based.

Ramp Eligibility

Though you won’t have to pass a credit check, Ramp does have some stiff cash-on-hand requirements.

  • Must have $75K+ in the bank
  • Must be a corporation or other non-individual limited liability company
  • Must be US-based
  • Must have most of your operations and corporate spending in the US

Applicants without a Social Security Number (SSN) can still be approved for the Ramp card. In place of an SSN, you can instead provide a copy of your foreign passport and documentation to prove your address.

What To Watch Out For

Many businesses will appreciate the simplicity of Ramp’s universal flat 1.5% cash back. However, if your business spending is concentrated on categories like travel or rideshares, you may earn more in spending rewards by going with another business or corporate card.

When To Use Ramp

  • You want a corporate credit card that helps you identify and eliminate unnecessary spending
  • Your business spending is diffuse and you want a solid universal cash back rate

Get Started With Ramp

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Chase Ink Business Preferred: Best Traditional Business Credit Card

Chase Ink Business Preferred


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Annual Fee

$95

Minimum Recommended Credit

Good

Rewards Rate

3 or 1 point per dollar spent

Pros

  • High-earning rewards for travel & other purchases
  • Bonus rate when redeeming points for travel
  • Big signup bonus

Cons

  • $95 annual fee
  • Spending cap on the 3x rewards rate categories

What Makes Chase Ink Business Preferred Great As A Traditional Business Credit Card?

The Chase Ink Business Preferred card is arguably the best of Chase's Ink Business line of credit cards, offering great value including (and beyond) robust spending rewards. If you don't need (or qualify for) the extra perks of a corporate credit card program, the Ink Business Preferred is an ideal, traditional business credit card.

Apply for the Ink Business Preferred card, and you may get approved in just an hour. However, in many cases, it may take 7-10 business days.

Chase lets you transfer your points on a 1:1 basis to an array of airline and hotel loyalty programs. You can also redeem points for Amazon purchases, gift cards, and cash back, making this an extremely versatile card.

Chase Ink Business Preferred Rewards

The Ink Business Preferred is an excellent business credit card from a rewards perspective.

  • Earn 3X points on your first $150K/year in spending on travel, shipping, online advertising, and internet/cable/phone purchases (1X points on all other purchases)
  • Points are worth 25% more when redeemed for travel through Chase’s travel portal
  • Earn 100,000 bonus points after you spend $8,000 within your first 3 months, redeemable for $1,000 in cash back ($1,250 when redeemed for travel)

Chase Ink Business Preferred Fees & Rates

  • Annual fee: $95
  • APR as of 1/3/2024: 21.24% to 26.24%, variable
  • Late payment fee: $40
  • Foreign transaction fee: None

Chase Ink Business Preferred Eligibility

Chase doesn’t publish a minimum credit score to qualify for its Ink Business cards, but by all accounts, you’ll need good to excellent personal credit to qualify.

What To Watch Out For

You’ll want to keep the Ink Business Preferred’s $95 annual fee in mind when calculating your potential savings. Also, if your personal credit is fair or worse, you’ll need to consider a corporate card or a business credit card with more relaxed credit requirements.

When To Choose Chase Ink Business Preferred

  • You want a business credit card with a generous rewards scheme and an exceptional welcome bonus
  • You have good to excellent personal credit

Get Started With Chase Ink Business Preferred

Read our in-depth review

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Blue Business Plus From American Express: Best For 0% Intro Rate

Blue Business Plus Credit Card from American Express


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Annual Fee

$0

Minimum Recommended Credit

Good

Rewards Rate

2 or 1 point per dollar spent

Pros

  • 0% introductory APR for the first 12 months
  • No annual fee
  • Possibility of an instant card number

Cons

  • Spending cap on the 2x rewards rate
  • 2.7% foreign transaction fee

What Makes The Amex Blue Business Plus Great For A 0% Intro Rate?

The Blue Business Plus from American Express is a great instant approval business credit card for those looking for a year-long 0% intro APR. Furthermore, Amex is one of the few card issuers that will, in many cases, issue you an instant card number after you get approved. According to Amex, after you apply, you can get a decision in as little as 30 seconds.

With Blue Business Plus, your points can be used to book travel via Amex Travel, make online purchases, buy gift cards, and more. On top of those travel perks and a 12-month 0% intro rate, this card lacks an annual fee, making it ideal for businesses that won't be charging more than $50K/year on their card.

Amex Blue Business Plus Rewards

Here’s what you’ll get with the Amex Blue Business Plus card:

  • 0% intro APR for 12 months
  • Earn 2x points on your first $50K/year in spending on business purchases (1x points on spending above $50K/year)
  • Spend above your credit limit with Expanded Buying Power
  • Earn 15,000 points after you spend $3,000 in your first 3 months

Amex Blue Business Plus Fees & Rates

  • Annual fee: None
  • APR as of 1/3/2024: 0% for your first 12 months; 18.49% to 26.49% variable thereafter
  • Late payment fee: Up to $39
  • Foreign transaction fee: 2.7%

Amex Blue Business Plus Eligibility

Amex doesn’t publish a minimum credit score for this card, but you will generally need good to excellent credit to qualify.

What To Watch Out For

Any business purchases you charge using this card over the $50K/year cap will only earn you 1x points, so this card won’t benefit businesses whose annual spending greatly exceeds this cap.

Additionally, purchases made outside the US will incur a 2.7% foreign transaction fee, so it’s not an ideal travel card.

When To Use Amex Blue Business Plus

  • Your business spends less than $50K/year and you want a solid flat-rate rewards card
  • You have good to excellent personal credit

Get Started With Blue Business Plus Credit Card from American Express

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Capital One Spark 2% Cash Plus: Best For Cash Back Rewards

Capital One Spark Cash Plus


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Annual Fee

$150

Minimum Recommended Credit

Excellent

Rewards Rate

Unlimited 2% cash back on all purchases

Pros

  • Unlimited cash back rewards at a high flat rate
  • Free employee cards
  • No foreign transaction fee

Cons

  • $150 annual fee
  • Balance must be paid in full every month
  • Excellent credit required

What Makes Capital One Spark Cash Plus Great For Cash Back Rewards?

The Capital One Spark 2% Cash Plus card has steep eligibility requirements, but if you qualify, this card's rewards scheme is second to none. While it's possible to be approved for this card in as little as 60 seconds, it may take 7-10 days to get approved (or rejected).

With unlimited 2% cash back, a generous welcome offer, and the ability to get your annual fee waived when you spend over $150K/year on the card, the Spark Cash 2% Plus is a business credit card that truly rewards business spending.

What's more, the 5% cash back you'll earn on travel booked through Capital One's travel portal makes this card very attractive for businesses with significant travel needs.

Just keep in mind that this is a charge card -- you must pay off the card entirely each month.

Capital One Spark Cash Plus Rewards

The Capital One Spark Cash Plus card’s cash-back program is truly exceptional:

  • Unlimited 2% cash back on all purchases
  • Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Earn a $1,200 cash bonus when you spend $30,000 in your first 3 months
  • Get your $150 annual fee waived when you spend $150,000+/year

Capital One Spark Cash Plus Fees & Rates

  • Annual fee: $150 (waived when you spend $150K+/year)
  • APR as of 1/3/2024: None (this is a charge card)
  • Late payment fee: 2.99% of the unpaid portion of your minimum payment
  • Foreign transaction fee: None

Capital One Spark Cash Plus Eligibility

One of this card’s main drawbacks is that you’ll need excellent credit to qualify.

What To Watch Out For

If your business spends less than $150K/year, the $150 annual fee will take a big bite out of the savings accrued through the card’s spending rewards.

Additionally, if you have anything less than excellent personal credit, you’ll need to find a different business credit card.

When To Use Capital One Spark 2% Cash Plus

  • Your business has a high level of annual spending (at least $150K/year) and you want the highest flat cash back rate possible
  • You have excellent personal credit

Get Started With Capital One Spark Cash Plus

Read our in-depth review

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Capital One Spark 1.5X Miles Select: Best For Travel Rewards

Spark Miles Select from Capital One


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Annual Fee

$0

Minimum Recommended Credit

Excellent

Rewards Rate

Unlimited 1.5 miles

Pros

  • Unlimited flat-rate miles
  • No foreign transaction fee
  • No annual fee

Cons

  • Big spenders can find cards with higher flat-rate rewards
  • Non-travel redemption options are a bit lackluster

What Makes Capital One Spark Miles Select Great For Travel Rewards?

The Capital One Spark 1.5X Miles Select will earn your business valuable miles right off the bat. You can transfer your miles to one of 15+ Capital One travel partners, and with no annual fee to balance your travel rewards against, the Spark Miles Select is one of the best business credit cards for travel, particularly for businesses with a more modest level of spending.

As with the other Capital One business credit cards on this list, you may get approved in just a minute, or it may take 7-10 days.

Capital One Spark Miles Select Rewards

Like Capital One’s other “excellent credit” business credit card on this list, the Spark 1.5X Miles Select offers some tantalizing perks for qualifying applicants.

  • Unlimited 1.5x miles on all purchases
  • Unlimited 5x miles on hotels and rental cars booked through Capital One Travel
  • Earn 50,000 bonus miles after you spend $4,500 in the first 3 months
  • 0% intro APR for 9 months

Capital One Spark Miles Select Fees & Rates

  • Annual fee: None
  • APR as of 1/3/2024: 0% for 9 months; 18.49%, 21.49%, or 24.49% variable thereafter
  • Late payment fee: Up to $39
  • Foreign transaction fee: None

Capital One Spark Miles Select Eligibility

You must have excellent credit to qualify for the Spark 1.5X Miles Select business credit card.

What To Watch Out For

The Spark Miles Select’s travel rewards scheme, combined with its lack of an annual fee, makes it a great choice for many businesses with significant travel needs. Big-spending businesses could benefit from a card with higher rewards rates and an annual fee, however.

When To Use Capital One Spark Miles Select

  • Your business spends a moderate amount annually and has significant travel needs
  • You have excellent personal credit

Get Started With Spark Miles Select from Capital One

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Capital One Spark 1% Classic: Best For Fair Credit

Spark Classic from Capital One


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Annual Fee

$0

Minimum Recommended Credit

Fair

Rewards Rate

Unlimited 1% cash back

Pros

  • Targeted at fair credit applicants
  • No annual fee
  • Build your credit with responsible card use
  • 5% cash back on travel booked through Capital One Travel

Cons

  • Low cash back rate
  • Minimal benefits
  • High APR

What Makes Capital One Spark Classic Great For Fair Credit?

Designed for business owners with fair credit, the Capital One Spark Classic card's APR is relatively high and the rewards program is quite modest. However, the card's true value lies in its ability to build your credit.

Capital One will report your credit activity to the big three credit bureaus (not all issuers of business credit cards do this), which means that with every monthly payment you make on time, you improve your credit score.

Most applicants should get approved for this card in just 60 seconds if they apply online.

Capital One Spark Classic Rewards

The Capital One Spark 1% Classic is a solid business credit card that offers fast approval to business owners with at least fair (or average) credit. As such, its rewards scheme is quite simple: you’ll earn 1% cash back on all your purchases.

Thankfully, as with other Capital One business credit cards, you’ll earn 5% cash back on rental cars and hotels booked through Capital One Travel. It’s a remarkable perk for a business credit card for fair credit users!

Capital One Spark Classic Fees & Rates

  • Annual fee: None
  • APR as of 1/3/2024: 30.74% variable
  • Late payment fee: Up to $39
  • Foreign transaction fee: None

Capital One Spark Classic Eligibility

Capital One specifically markets the Spark Classic card to users with fair credit. This card is a worthy option for business owners with a lackluster or young credit history, as making your payments on time will help build your credit and increase your odds of qualifying for a better business credit card in the future.

What To Watch Out For

The main thing to watch out for here is the Spark Classic’s high ongoing APR. Pay your card off in full each month, and you won’t have to worry about it, though.

When To Use Capital One Spark Classic

  • You have fair credit and you want a business credit card that can help you build up your personal credit

Get Started With Spark Classic from Capital One

Read our in-depth review

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OpenSky Secured Visa: Best Secured Instant Approval Card

OpenSky Secured Visa Card


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Pros

  • No credit check required
  • Requires a smaller security deposit than most secured credit cards
  • Build your credit with responsible card use

Cons

  • $35 annual fee
  • No spending rewards

What Makes OpenSky Secured Visa A Great Secured Business Credit Card?

The OpenSky Secured Visa's draw is that with no credit score requirements and a security deposit of just $200 required, it may be the easiest credit card you can get to fund your business and build your credit.

The OpenSky Secured Visa not only doesn't check your credit when you apply -- it doesn't even require you to have a bank account, making it, in our opinion, the best secured credit card you can use for business. Plus, you can get approved for the card nearly instantly.

However, the card's $35 annual fee and lack of rewards mean that you should apply for a better business credit card once your credit score is higher.

OpenSky Secured Visa Rewards

The OpenSky Secured Visa card does not offer rewards for your spending.

OpenSky Secured Visa Fees & Rates

  • Annual fee: $35
  • APR as of 1/3/2024: 25.64%, variable
  • Late payment fee: Up to $40
  • Foreign transaction fee: 3%

OpenSky Secured Visa Eligibility

  • No credit score requirements
  • Requires a security deposit from $200 to $3,000 that establishes the amount of your credit line

What To Watch Out For

This card carries a $35 annual fee and offers no spending rewards, so once you’ve established your credit and you become eligible for an unsecured business credit card that offers spending rewards, you should jump at the chance.

When To Use OpenSky Secured Visa

  • You have no credit history and you want a business credit card for business funding and for establishing your personal credit history
  • You have bad credit and you can't qualify for an unsecured business credit card

Get Started With OpenSky Secured Visa Card

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Our Methodology For Choosing The Easiest Business Credit Cards To Get

For this list, we evaluated 20 business credit card options, examining their rewards rates and structures, fees, APRs (both introductory and ongoing), welcome bonuses, and the availability of other business features such as free employee cards and expense tracking.

We also made sure that for each card on this list, applicants have at least a chance at receiving fast approval. While the reality is that no business credit card can guarantee truly “instant” approval to all applicants (much less instant use upon approval), many leading business credit card options offer fast or near-instant approval to those with very good credit and no red flags on their application.

How To Get Approved For Instant Approval Business Credit Cards ASAP

If everything goes right, you may get approved for a new business credit card in less than a minute. Let’s discuss what you can do to make this happen.

Check Your Credit Score

When you know your credit score, you can apply for the business credit cards you know you’ll be likely to qualify for. Remember, the more your credit score exceeds the card issuer’s minimum requirements, the more likely it is that you’ll be approved quickly.

Unsure what your credit score is? Don’t pay the credit bureaus just to learn your credit status! Instead, go to one of the best free credit score sites and check your credit score without giving a dime to anybody.

Gather Your Business & Financial Information

Be sure to have the following information ready before applying for a business credit card.

  • Business name (if you’re a sole proprietor, use your name)
  • Business address
  • Type of business (corporation, partnership, LLC, etc.)
  • Your business role
  • Tax ID number (use your Social Security number if you’re a sole proprietor; use your Employer Identification Number (EIN) for other business types)
  • Years in business
  • Number of employees
  • Annual business revenue
  • Estimated monthly spending

Head To The Internet And Apply Online

Getting approved for a credit card online is quicker than getting approved by phone or snail mail. Take advantage of issuers’ online applications when applying for your next business credit card — otherwise, you may not be approved instantly.

FAQs: The Easiest Business Credit Card To Get

What is the difference between secured and unsecured credit cards?

Secured credit cards require that you put down a security deposit when you sign up. Unsecured cards don’t have this requirement.

What are fast approval business credit cards?

The terms “fast approval credit cards” and “instant approval credit cards” are used interchangeably to refer to the same kinds of credit cards. Of course, “instant” is an appealing word to use from a marketing perspective. Just remember: if it sounds too good to be true, it most likely is.

Are instant approval credit cards really instant?

It depends. Those with a healthy credit history can often receive approval immediately upon application completion for an instant approval credit card. However, those with less-than-good credit may need to wait extra time for approval — even if the card they applied for is marketed as “instant approval.”

Is there such a thing as guaranteed instant approval?

No, although those with higher credit scores will have a better chance of qualifying for instant approval.

What’s the difference between preapproval and prequalifying?

These terms have very similar meanings, and specific definitions can vary from issuer to issuer. In some cases, you may see the terms used interchangeably. In other cases, “prequalified” might mean you have met general criteria (such as a credit score range), while “preapproved” might mean you have met more specific criteria (such as payment history).

If my credit card is approved instantly, can I start using my credit card immediately?

In some cases, an issuer may give you a virtual credit card number that can be used immediately for online purchases. Most of the time, however, you’ll still have to wait for your card to arrive in the mail.

What’s the difference between instant approval and instant use cards?

Instant approval means you have been approved for a credit card upon application completion. However, you’ll still often need to wait to receive a physical card in the mail.

Instant use cards, meanwhile, allow a new cardholder to use their credit card immediately upon approval. You may see these cards referred to as “virtual credit cards.”

Who qualifies for instant approval credit cards?

Fast approval credit cards don’t work similarly for all applicants. The truth is, whether the card you apply for is a “fast approval” card or not, you’re going to be approved more quickly if you have good-to-excellent credit.

With good or excellent credit, you may well be approved nearly instantly upon meeting the card issuer’s credit and income requirements. When an applicant has less impressive credit, a credit card issuer has more work to do to determine the applicant’s financial worthiness.

Instant Approval Business Credit Card Alternative: Online Business Lines Of Credit

If you need funding for your business ASAP but are not enthused about the instant approval business credit cards currently available, consider a business line of credit instead, since lines of credit work more like credit cards than term loans. You borrow funds up to a certain limit, and you only pay interest on what you borrow.

Some lenders offer instant approval, in which case the only waiting you’ll need to do will be for the funds to arrive in your account. Let’s take a look at a few of the best business lines of credit offering instant approval.

OnDeck

OnDeck


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OnDeck is known both for its quick application process and its quick disbursal of funds. With OnDeck’s streamlined approval process, you may well be able to start drawing funds within a few minutes of getting approved. if you want fast money, check out OnDeck.

With fast approval and lines of credit of up to $100,000, OnDeck is a solid choice for business owners seeking an alternative to a business credit card. However, weekly repayments are required, and although OnDeck doesn’t disclose its rates online, its lines of credit are reported to have APRs over 40%.

Fundbox

Fundbox


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Fundbox’s business lines of credit are relatively easy to qualify for. You only need to have compatible accounting or invoicing software for at least two months before applying or have three months of transactions in a business bank account. There are no time-in-business requirements, and there are no strict credit score requirements to meet.

You can establish a maximum credit line of $150,000 with Fundbox.

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Jason Vissers

Jason Vissers

Senior Staff Writer at Merchant Maverick
Jason has been writing about small business software platforms, services, and financing since 2015. Jason’s expertise has been featured in Yahoo Finance, Time/NextAdvisor, Home Business Magazine, CreditCards.com, GoBankingRates, TheLadders.com, and other publications. He has a bachelor’s degree in Political Science from San Diego State University and currently lives in Philadelphia, Pennsylvania.
Jason Vissers
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