The 8 Easiest Business Credit Cards To Get Guaranteed Approval For In 2022

Pros

Solid, flat-rate rewards
A unique platform built to help companies cut costs
No annual fee

Cons

Requires $75K cash on hand
No mobile app

If you don’t have a business or personal credit history — or don’t want to touch your personal credit for a business credit card — check out Ramp. A corporate card, Ramp features a solid 1.5% cash back rate. You’ll also be able to take advantage of Ramp’s unique AI features that encourage cutting spending.

However, there is a catch. While Ramp won’t look into your credit history, the company does require that your business have at least $75K in the bank. That means Ramp will only work for businesses that have a lot of cash on hand. Businesses that maintain low cash reserves will need to look elsewhere.

Get Started with Ramp

2. Chase Ink Business Preferred: Best Overall Fast Approval Card

Chase Ink Business Preferred

Chase Ink Business Preferred Visit Site	Annual Fee: $95 Purchase APR: 15.99% – 20.99% (variable)
Required Credit: Excellent Welcome Offer: 100,000 points if you spend at least $15,000 within the first three months of opening your account Intro Purchase APR: N/A Intro Balance Transfer APR: N/A Foreign Transaction Fee: None Rewards: 3 points per $1 spent on the first $150,000 in combined purchases on travel, shipping purchases, internet/cable/phone services, and advertising purchases made with social media and search engines each account anniversary year 1 point per $1 on all other purchases Featured Benefit: Points are worth 25% more if redeemed for travel via Chase Ultimate Rewards More card details (click to expand) Hide

Chase Ink Business Preferred

Annual Fee:

$95

Purchase APR:

15.99% – 20.99% (variable)

Required Credit: Excellent

Welcome Offer: 100,000 points if you spend at least $15,000 within the first three months of opening your account

Intro Purchase APR: N/A

Intro Balance Transfer APR: N/A

Foreign Transaction Fee: None

Rewards:

3 points per $1 spent on the first $150,000 in combined purchases on travel, shipping purchases, internet/cable/phone services, and advertising purchases made with social media and search engines each account anniversary year
1 point per $1 on all other purchases

Featured Benefit:

Points are worth 25% more if redeemed for travel via Chase Ultimate Rewards

Pros

High-earning travel rewards
Bonus rate when redeeming points for travel

Cons

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

Chase Ink Business Preferred may have a higher standard for instant approval than some credit cards on this list as it requires an applicant to have good or excellent credit. If you meet this threshold, though, and can get instant approval, the Ink Business Preferred is an excellent choice for business use.

Ink Business Preferred cardholders earn 3 points per dollar spent on travel, shipping purchases, internet, cable services, phone services, and advertising purchases made with social media sites and search engines each account anniversary year (up to $150,000 spent). All other purchases get 1 point per dollar spent. Points are then worth 25% more when redeemed for travel through Chase Ultimate Rewards.

Beyond this card’s reward scheme, Chase also lets you transfer your points on a 1:1 basis to an array of airline and hotel loyalty programs. If you need something other than travel rewards, you’ll also be able to redeem points for Amazon.com purchases, gift cards, and cash back, making this an extremely versatile card. Do note, however, all this comes at a cost: The Chase Ink Business Preferred carries a $95 annual fee.

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

Blue Business Plus Credit Card from American Express

Blue Business Plus Credit Card from American Express Visit Site	Annual Fee: $0 Purchase APR: 14.74% - 20.74% (variable)
Required Credit: Good Welcome Offer: 15,000 points if you spend $3,000 in eligible purchases within your first 3 months of card membership Intro Purchase APR: 0% for the first 12 months Intro Balance Transfer APR: N/A Foreign Transaction Fee: 2.7% Rewards: 2 points per $1 spent on all purchases, up to $50,000 per year 1 point per $1 spent on all purchases, after $50,000 Featured Benefit: Ability to spend above the credit limit with Expanded Buying Power. Note: The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the card, your payment history, credit record, financial resources known, and other factors. More card details (click to expand) Hide

Blue Business Plus Credit Card from American Express

Annual Fee:

Purchase APR:

14.74% - 20.74% (variable)

Required Credit: Good

Welcome Offer: 15,000 points if you spend $3,000 in eligible purchases within your first 3 months of card membership

Intro Purchase APR: 0% for the first 12 months

Intro Balance Transfer APR: N/A

Foreign Transaction Fee: 2.7%

Rewards:

2 points per $1 spent on all purchases, up to $50,000 per year
1 point per $1 spent on all purchases, after $50,000

Featured Benefit:

Ability to spend above the credit limit with Expanded Buying Power. Note: The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the card, your payment history, credit record, financial resources known, and other factors.

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
Foreign transaction fee

The Amex Blue Business Plus card is a great business card for those looking for a 0% introductory APR — this card charges no interest for the cardholder’s first 12 months. Furthermore, American Express is one of the few card issuers that will, in many cases, issue you an instant card number after you get approved.

With Blue Business Plus, you’ll earn 2x rewards on all purchases up to $50,000 each calendar year. Your points can be used to book travel via American Express Travel, make online purchases, buy gift cards, and more. On top of those travel perks and a 0% intro rate, this card lacks an annual fee — a great plus for businesses that won’t be putting too many purchases on their credit card.

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

Capital One Spark Cash Plus

Capital One Spark 2% Cash Plus Visit Site	Annual Fee: $150 Purchase APR: N/A (balance due in full)
Required Credit: Excellent Welcome Offer: $500 if you spend $5,000 in the first three months and $2,500 more if you spend $50,000 in the first six months Intro Purchase APR: N/A Intro Balance Transfer APR: N/A Foreign Transaction Fee: None Rewards: Unlimited 2% cash back on all purchases Featured Benefit: No preset spending limit — limits adapt based on spending behavior, payment history, and credit profile. More card details (click to expand) Hide

Capital One Spark 2% Cash Plus

Annual Fee:

$150

Purchase APR:

N/A (balance due in full)

Required Credit: Excellent

Welcome Offer: $500 if you spend $5,000 in the first three months and $2,500 more if you spend $50,000 in the first six months

Intro Purchase APR: N/A

Intro Balance Transfer APR: N/A

Foreign Transaction Fee: None

Rewards:

Unlimited 2% cash back on all purchases

Featured Benefit:

No preset spending limit — limits adapt based on spending behavior, payment history, and credit profile.

Pros

Unlimited cash back rewards at a high flat rate
No APR
No foreign transaction fee

Cons

$95 annual fee after the first year
Balance must be paid in full every month

The Capital One Spark 2% Cash Plus is a business credit card offering instant approval only to those with excellent credit. But if you make the grade, you stand to be handsomely rewarded with a generous cash back program.

Spark Cash Plus offers a flat 2% cash back on all purchases (although it also carries a $95 annual fee after the first year). It’s a higher cash back earning rate than you’ll find with most competitors offering a flat cash back rate. As such, it’s a great choice for entrepreneurs with excellent credit looking for a fast approval card with great cash back earning potential. You won’t have to bother tracking spending categories — just earn 2% cash back on all purchases.

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

Spark Miles Select from Capital One

Capital One Spark 1.5x Miles Select Visit Site	Annual Fee: $0 Purchase APR: 14.49%-22.49% (variable)
Required Credit: Excellent Welcome Offer: 20,000 miles if you spend $3,000 on purchases in the first 3 months of opening your account Intro Purchase APR: 0% APR for 9 months Intro Balance Transfer APR: N/A Foreign Transaction Fee: None Rewards: Unlimited 1.5 miles per $1 spent on all purchases 5 miles per $1 spent on hotel and rental car bookings through Capital One Travel Featured Benefit: Zero fraud liability if your card is lost or stolen. Plus, get automatic fraud alerts via text, email, or phone call. More card details (click to expand) Hide

Capital One Spark 1.5x Miles Select

Annual Fee:

Purchase APR:

14.49%-22.49% (variable)

Required Credit: Excellent

Welcome Offer: 20,000 miles if you spend $3,000 on purchases in the first 3 months of opening your account

Intro Purchase APR: 0% APR for 9 months

Intro Balance Transfer APR: N/A

Foreign Transaction Fee: None

Rewards:

Unlimited 1.5 miles per $1 spent on all purchases
5 miles per $1 spent on hotel and rental car bookings through Capital One Travel

Featured Benefit:

Zero fraud liability if your card is lost or stolen. Plus, get automatic fraud alerts via text, email, or phone call.

Pros

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

Cons

The flat-rate rewards could be better for high spenders

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

You’ll be able to nab 1.5 points per dollar spent — and there’s no annual fee to worry about. The Spark Miles Select will immediately begin earning your business valuable miles right off the bat. You also won’t need to spend time thinking about purchase categories because the 1.5x rate is for all purchases (although you can collect 5x bonus points when you book hotels and rental cars through Capital One’s travel portal).

6. Brex: Best For Startups

Brex

Pros

Startup-focused rewards
No personal guarantee required
Virtual cards upon approval

Cons

Is a charge card
Available only to C-corp, S-corp, LLC, and LLP corporations

With a unique underwriting scheme, Brex’s corporate card won’t require a personal guarantee, making it perfect for startups needing a credit card quickly — and one of the easiest business credit cards to get for new businesses. Plus, like Amex, Brex offers instant card numbers so that your business will be able to start using virtual cards upon approval.

Brex also features a rewards and benefits package aimed at fast-moving startups. Perks such as bonus points for ridesharing or savings on business-oriented services such as Slack or AWS are simply not generally offered by normal credit card issuers.

However, Brex won’t be for everyone. Its corporate card is technically a charge card, so your entire balance is due on your statement date. Besides that, only C-corp, S-corp, LLC, and LLP corporations are eligible for Brex, and you will also need to have healthy cash reserves.

Get Started with Brex

7. Capital One Spark 1% Classic: Best For Fair Credit

Spark Classic from Capital One

Capital One Spark 1% Classic Visit Site	Annual Fee: $0 Purchase APR: 26.99% (variable)
Required Credit: Fair Welcome Offer: None Intro Purchase APR: N/A Intro Balance Transfer APR: N/A Foreign Transaction Fee: None Rewards: Unlimited 1% cash back Featured Benefit: Zero fraud liability if your card is lost or stolen. Plus, get automatic fraud alerts via text, email, or phone call. More card details (click to expand) Hide

Capital One Spark 1% Classic

Annual Fee:

Purchase APR:

26.99% (variable)

Required Credit: Fair

Welcome Offer: None

Intro Purchase APR: N/A

Intro Balance Transfer APR: N/A

Foreign Transaction Fee: None

Rewards:

Unlimited 1% cash back

Featured Benefit:

Zero fraud liability if your card is lost or stolen. Plus, get automatic fraud alerts via text, email, or phone call.

Pros

Targeted at fair credit applicants
No annual fee

Cons

Low cash back rate
Minimal benefits

The Capital One Spark 1% Classic is a very solid business credit card that offers fast approval to business owners with at least fair (or average) credit.

Capital One specifically markets the Spark Classic card at users with fair credit. That makes the card a worthy option for business owners with a lackluster or young credit history.

There is a bit of a catch, though, because the card’s APR is relatively high, and the rewards program is rather modest (you get 1% cash back on all purchases). However, the card’s true value lies in its ability to build your credit. Capital One will report your credit activity to multiple 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. With enough use, the Spark Classic can help boost your credit score to the point where you will be eligible for business cards with a lower APR and better rewards programs.

8. Wells Fargo Business Secured Credit Card: Best For Bad Credit

Wells Fargo Business Secured Credit Card

Wells Fargo Business Secured Credit Card Visit Site	Annual Fee: $25 per card Purchase APR: Prime + 11.90%
Required Credit: Poor Welcome Offer: None Intro Purchase APR: N/A Intro Balance Transfer APR: N/A Foreign Transaction Fee: None Rewards: If you choose cash back rewards: Unlimited 1.5% cash back on net purchases Receive cash back automatically as a credit to your account or to an eligible checking or savings account each quarter If you choose reward points: 1 point for every dollar spent on net purchases 1,000 bonus points when your company spends $1,000 in a billing period Redeem points for gift cards, merchandise, airline tickets, and more 10% bonus if you redeem points online Extra bonus points or discounts from Earn More Mall retailers Featured Benefit: $500 to $25,000 credit line More card details (click to expand) Hide

Wells Fargo Business Secured Credit Card

Annual Fee:

$25 per card

Purchase APR:

Prime + 11.90%

Required Credit: Poor

Welcome Offer: None

Intro Purchase APR: N/A

Intro Balance Transfer APR: N/A

Foreign Transaction Fee: None

Rewards:

If you choose cash back rewards:

Unlimited 1.5% cash back on net purchases
Receive cash back automatically as a credit to your account or to an eligible checking or savings account each quarter

If you choose reward points:

1 point for every dollar spent on net purchases
1,000 bonus points when your company spends $1,000 in a billing period
Redeem points for gift cards, merchandise, airline tickets, and more
10% bonus if you redeem points online
Extra bonus points or discounts from Earn More Mall retailers

Featured Benefit:

$500 to $25,000 credit line

Pros

Solid rewards for a secured card
No annual fee

Cons

Requires a security deposit
Only a maximum of 10 employee cards

If you’re struggling to get a credit card because of a low credit score, signing up for a secured credit card is a viable option. That’s where the Wells Fargo Business Secured Credit Card comes in.

As one of the lone secured credit cards marketed at businesses, this bit of plastic from Well Fargo could be just the credit-building card you need. It also offers something not all secured credit cards do: rewards. You can choose to either receive 1.5% cash back on qualifying purchases or 1 point per dollar spent plus 1,000 points whenever you spend $1,000 or more in a monthly billing period.

Ultimately, your choice should be based on your spending habits. Low spenders (under $1,000 per month) or high spenders (above $2,000) will likely want to opt for the cash back format. Those in the middle (between $1,000 and $2,000 monthly) should get more bang for their buck with the rewards points scheme.

How To Get Approved For A Business Credit Card Faster

If everything goes right, you can often be approved for a new business credit card in less than a minute. Let’s go through 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, read Merchant Maverick’s article on 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

Getting approved for a credit card via the internet 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.

Easiest Business Credit Card To Get: FAQs

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.

Fast Approval Credit Card Alternative: Online Business Lines Of Credit

If you need funding for your business as soon as possible but are not enthused about the fast 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 business lines of credit offering instant approval.

Kabbage

Kabbage

Kabbage is well-known for its remarkably quick application process. With Kabbage’s streamlined approval process, you may well be able to start drawing funds within a few minutes of getting approved. Want fast money? Kabbage can deliver.

However, that doesn’t mean Kabbage is all sweetness and light. The costs associated with a Kabbage line of credit are relatively high. You may end up paying 3.5% of your borrowing amount each month in fees. This could effectively equal an estimated APR of 36%.

With rapid approval and a maximum borrowing amount of $250,000, Kabbage’s lines of credit hold significant appeal for the entrepreneur in need of fast cash, despite the drawbacks.

Fundbox

Fundbox