The Easiest Instant Approval Business Credit Cards To Get In 2024

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’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 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.

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.

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.

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.

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.

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.

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)

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

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.

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.

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

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

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.

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

• 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

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

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.

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

• 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

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

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.

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!

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

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.

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.

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

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

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

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.