The best instant approval business credit cards offer an online application option and approval decision within minutes, with benefits like introductory rewards, ongoing rewards, a 0% annual percentage rate (APR), welcome offers, and other perks.
The faster your business gets approved for a credit card, the sooner you can use your credit line for your business expenses. When choosing which one suits you best, consider the fees, ongoing APRs, and additional features. Our top recommendations include regular business credit cards, charge cards, and a secured business card.
Banks and card issuers don’t offer instant approval for business credit cards. In the brief time between the application and approval decision, the issuer is rapidly verifying your credit and identity, allowing them to make a decision within as little time as possible.
Here are our eight top-recommended business credit cards with instant approval:
- American Express Blue Business CashTM: Best overall instant approval business credit card with flexible credit limit
- Coast Fuel Card: Best for fuel expenses and businesses with fleets with no personal guarantee
- American Express Blue Business® Plus: Best for earning points-based rewards with flexible credit limit
- Brex Card: Best for startups and large companies looking for daily or monthly payment options
- First National Bank of Omaha Business Edition® Secured® Mastercard Card: Best for bad credit with fast prequalification process and high credit limit option
- Capital One® Spark Classic® for Business: Best for business owners with fair credit
- Capital On Tap Business Credit Card: Best for instant virtual cards and credit limits up to $50,000 with fixed-rate cash back
- Capital One Spark Cash Plus: Best charge card with a generous introductory and annual fee refund
Best Instant Approval Business Credit Cards At a Glance
American Express Blue Business CashTM: Overall Best Instant Approval Business Card With Flexible Credit Limit
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, 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 to us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome bonus
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, 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 to us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome bonus
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Why we like it: This is our best instant approval business credit card because of its straightforward cash back rewards and flexible credit limit. These are also among the reasons why it is our top-recommended cash back business credit card. Plus, it comes with a $0 annual fee, helping you reduce your overall credit cost.
- Earn 2% cash back on all eligible purchases of up to $50,000 per calendar year, then earn 1% cash back thereafter—this will be credited to your billing statement automatically.
- Spend over your credit limit with no overlimit fees through its Expanded Buying Power feature—the amount you can spend will vary based on your card usage, credit score, payment history, and financial resources.
Other benefits:
- Welcome offer: Receive a $250 statement credit when you spend $3,000 within the first three months of card membership.
- 0% APR: Enjoy interest-free financing on purchases for the first 12 months.
Consider the American Express Blue Business CashTM Card if you:
- Need to spend over your credit limit from time to time.
- Prefer to earn cash back that is credited to your statement balance automatically, without the need to manually redeem your rewards.
According to the American Express website, you can get a decision in as soon as 30 seconds when you apply. Note that you’ll need a good to excellent credit score for American Express to approve your application. Once approved, you can start using the card immediately because nearly all American Express business cards offer instant card numbers.
Coast Fuel Card: Best for Fuel Expenses & Businesses With Fleets With No Personal Guarantee
Coast Fuel Card
BEST FOR:
Businesses with small to large fleets
- Up to 6 cents off per gallon at 5,000 gas stations and 2 cents off per gallon everywhere else
- 1% back on non-fuel purchases
Pros
- Universally accepted fleet card
- 1% cash back on nonfuel purchases
- Doesn’t require personal guarantee
Cons
- Charges monthly fees to active users
- Balance is due in full each month
- Doesn’t support cash withdrawals
- Customizable controls
- Spend reports
- Exclusive discounts from large partner networks
- Integrations with Quickbooks, Fleetio, Samsara, Geotab, Verizon Connect, Azuga, and more
- Up to 6 cents off per gallon at 5,000 gas stations and 2 cents off per gallon everywhere else
- 1% back on non-fuel purchases
Pros
- Universally accepted fleet card
- 1% cash back on nonfuel purchases
- Doesn’t require personal guarantee
Cons
- Charges monthly fees to active users
- Balance is due in full each month
- Doesn’t support cash withdrawals
- Customizable controls
- Spend reports
- Exclusive discounts from large partner networks
- Integrations with Quickbooks, Fleetio, Samsara, Geotab, Verizon Connect, Azuga, and more
Why we like it: This fuel card is a Visa fleet and fuel charge card that doesn’t require a personal guarantee, which means you won’t be personally liable for your business’s debts. It offers up to 6 cents off per gallon on fuel. On top of that, you can earn 1% cash back on all other purchases.
Other benefits:
- Simple pricing structure: You only need to pay $4 per month per active card (with one or more complete transactions within the month)
- No extra fees: Coast Fuel Card doesn’t charge the following fees that are common with most fuel and fleet cards:
- Per-gallon administration fee
- Electronic payments fee
- Reporting fee
- Portal access fee
- Inactive card fee
- Phone payment fee
- Per-transaction fees in the United States
- Easy-to-use spend management dashboard: This tool lets you control your employee spending and make use of intuitive reports and charts to monitor transactions seamlessly.
Consider the Coast Fuel Card if you:
- Have significant fuel expenses.
- Own small to large fleets.
It is one of our top-recommended business fuel cards because of its streamlined system and generous rewards. Coast offers a fast and simple online application that can be approved in minutes. In some cases, Coast may require additional documents, which will take the approval process from one to five business days. Note that it is a charge card, meaning you need to pay your balance in full each month. Also, it doesn’t have a welcome offer.
American Express Blue Business® Plus: Best for Earning Points-based Rewards With Flexible Credit Limit
The Blue Business® Plus Credit Card from American Express
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *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 to us, and other factors.
- No Annual Fee
- Terms Apply
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *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 to us, and other factors.
- No Annual Fee
- Terms Apply
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
Why we like it: This credit card offers 2x points per dollar on up to $50,000 worth of purchases per year, then 1% after the cap is met. It charges a $0 annual fee and features Expanded Buying Power, which allows you to spend beyond your credit limit based on your payment behavior, credit usage, credit score, and financial resources. For these reasons, it is chosen as one of our leading business credit cards for sole proprietors.
Other benefits:
- Welcome offer: Receive 15,000 Membership Rewards® points after spending $3,000 in purchases in the first three months of card ownership.
- 0% APR: Make a large purchase and enjoy interest-free financing for the first 12 months after opening an account.
Consider the American Express Blue Business® Plus credit card if you:
- Prefer to earn points rewards that can be travel, gift cards, hotel stays, and merchandise.
- Have varied credit needs every month and need to spend over your credit limit from time to time.
Similar to American Express Blue Business CashTM, you can get feedback on your application within 30 seconds when you apply online. You will also receive your card number immediately as soon as your application is approved.
Brex Card: Best for Startups & Large Companies looking for Daily or Monthly Payment Options
Brex CardBEST FOR: Those who want daily or monthly payments | |
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Why we like it: This card can work as a prepaid card or a charge card—it lets you choose to either pay daily or monthly. What’s more, it doesn’t require a personal guarantee, and you’ll get unlimited physical and virtual cards. Note that each payment option has different terms:
- Paid daily: Your credit limit is equal to 100% of your Brex Business account balance, and your transactions are deducted directly from this account. Plus, you will earn an extra 1x point on selected rewards categories.
- Paid monthly: Your credit limit is up to 5% to 20% of your aggregate bank balance or 30% of your Brex business account balance.
Other benefits:
- Generous rewards: Brex offers different reward programs, depending on your payment option:
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- Special offer Brex and Fit Small Business have partnered to give you a special offer. This offer is exclusive to those who will open a Brex account using the link on this site. : Get 10,000 bonus points when you open a Brex business account and spend $3,000 on a Brex card within your first three months
- Federal Deposit Insurance Corp. (FDIC) protection: Your operating cash in your Brex Business account is protected by FDIC up to $6 million
Consider Brex Card if:
- Your company has sufficient cash flow to pay your bills on a daily or monthly basis.
- You need a card that scales with your business’s growth—Brex serves both startup founders and global companies with more than 10,000 employees.
It is one of our top-ranking business credit cards for startups and also one of our recommended corporate cards. According to Brex’s website, an online application to sign up for a Brex account takes around 10 minutes to complete, and you can do this using any device.
First National Bank of Omaha Business Edition® Secured® Mastercard Card: Best Secured Card With Fast Prequalification Process
First National Bank of Omaha Business Edition® Secured Mastercard® Card
BEST FOR:
Secured credit lines of as much as $100,000
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits from $2,000 to $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits from $2,000 to $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
Why we like it: It is a secured credit card that allows you to prequalify online. It is our overall best bad credit business credit card—so if you have bad credit, you can check if you can prequalify in as soon as 1 minute. Using the card responsibly can help you build or improve your credit score, which will eventually allow you to qualify for unsecured business credit cards with more favorable terms. Note that it comes with a low annual fee of $39 and doesn’t offer ongoing rewards on regular purchases.
Other benefits:
- High credit limit option: Request a credit limit ranging from $2,000 to $100,000, in multiples of $50—just make a security deposit of 110% of the amount of your requested credit limit, subject to approval. It is for this reason that the card was chosen as one of the top high-limit business credit cards.
- Interest on security deposit: Earn interest on your security deposit, which is fully refundable when you decide to close your credit card.
- Mastercard Easy Savings®: Save on purchases with automatic rebates at more than 40,000 merchants.
Consider the First National Bank of Omaha Business Edition® Secured® Mastercard Card if you:
- Cannot qualify for a regular, unsecured business credit card.
- Don’t mind not earning rewards on your everyday purchases.
It also tops our list of the best secured business credit cards due to its high credit limit option. However, keep in mind that the card does not have a welcome offer.
Capital One® Spark Classic® for Business: Best for Business Owners With Fair Credit
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Why we like it: As our best business credit card for fair credit, it is a great option for business owners with fair credit. It does not charge an annual fee, and you can use it to finance your small business while earning unlimited rewards on your purchases. You can earn unlimited 1% cash back on all purchases and 5% cash back on hotels and car rentals booked through Capital One Travel.
Other benefits:
- Build your credit: Grow your credit score when you use the card responsibly—this will help you qualify for other business credit cards with better terms and rewards.
- No foreign transaction fee: Use the card for international purchases without the extra fees.
Consider the Capital One® Spark® Classic for Business if you:
- Have a FICO® Score of between 580 to 669 and could not qualify for other cards with better terms.
- Can pay your balance in full each month—while this is not required, the APR is quite high, so it’s best to plan your budget and pay your entire balance every due date to avoid this unnecessary cost.
According to Capital One’s website, you will often get a response within 60 seconds if you apply by phone or online. While a credit check is required to determine approval, you only need a fair credit score to qualify. Keep in mind that it doesn’t have a welcome offer.
Capital On Tap Business Credit Card: Best for Instant Virtual Cards & Credit Limits Up to $50,000 With Fixed-rate Cash Back
Capital On Tap Business Credit Card Visa
BEST FOR:
Those who want fixed-rate cash back rewards
- Unlimited 1.5% cash back on all purchases
Pros
- No annual, foreign transaction, and cash advance fees
- Low starting APR
- High credit limit available
Cons
- Balance transfers aren’t allowed
- Sole proprietors and nonprofit organizations are not eligible
- Unlimited, free cards for employees
- Instant, virtual card is available right after approval
- Credit limits up to $50,000
- Uncapped 1.5% cash back on every purchase
- Unlimited 1.5% cash back on all purchases
Pros
- No annual, foreign transaction, and cash advance fees
- Low starting APR
- High credit limit available
Cons
- Balance transfers aren’t allowed
- Sole proprietors and nonprofit organizations are not eligible
- Unlimited, free cards for employees
- Instant, virtual card is available right after approval
- Credit limits up to $50,000
- Uncapped 1.5% cash back on every purchase
Why we like it: If you need to make online purchases right away, this credit card offers instant virtual cards within minutes after approval. You can earn a fixed-rate 1.5% cash back on all purchases. What’s more, it does not charge an annual fee and you could get up to a $50,000 credit limit, which will vary depending on your creditworthiness.
Other benefits:
- welcome offer: Receive $200 cash back after spending $15,000 in purchases for the first three months of account opening.
- Flexible redemption options: Redeem your rewards as a statement credit and as travel or gift cards from Apple, Amazon, Airbnb, and more.
- Lenient credit requirement: Qualify for the card even if you have fair or average personal credit.
Consider the Capital On Tap Business Credit Card if your:
- Business revenue comes from offering goods and services and is at least $2,500 per month.
- Company is registered and in operation for more than six months.
You can apply online in less than 2 minutes and will typically get a response within 48 hours. As soon as you’re approved, you will instantly be provided with a virtual card, which you can use immediately for virtual purchases. You will receive your physical card within four business days. Note that sole proprietorships, charities or nonprofits, trusts or funds, clubs, and other nonregistered organizations are not qualified to open a Capital On Tap Business Credit Card.
Capital One Spark Cash Plus: Best Charge Card With Generous Introductory & Annual Fee Refund
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BEST FOR:
Businesses that want purchasing power and can pay their balances in full every month
- Earn a $1,200 cash bonus when you spend $30,000 in the first three months of card ownership
- Get 2% cash back on all business-related purchases without limits or category restrictions.
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
- Get a $150 annual fee refund after spending a minimum of $150,000 per year
Pros
- Does not have preset spending limits
- With introductory bonus
- Offers unlimited 2% cash back on all purchases
Cons
- Charges annual fee
- Requires you to pay in full each month
- Requires excellent credit to qualify
- Payment flexibility: Pick your preferred monthly due date to control when to pay your credit card bill.
- $0 fraud liability: You can get an emergency replacement and cash advance if your card is lost or stolen.
- Extended warranty: Get free additional warranty and protection on selected items purchased with your card
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing).
- Free employee cards and spend limits: Track employee spending while earning all rewards from their purchases and set customized spending limits for each card.
- Earn a $1,200 cash bonus when you spend $30,000 in the first three months of card ownership
- Get 2% cash back on all business-related purchases without limits or category restrictions.
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
- Get a $150 annual fee refund after spending a minimum of $150,000 per year
Pros
- Does not have preset spending limits
- With introductory bonus
- Offers unlimited 2% cash back on all purchases
Cons
- Charges annual fee
- Requires you to pay in full each month
- Requires excellent credit to qualify
- Payment flexibility: Pick your preferred monthly due date to control when to pay your credit card bill.
- $0 fraud liability: You can get an emergency replacement and cash advance if your card is lost or stolen.
- Extended warranty: Get free additional warranty and protection on selected items purchased with your card
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing).
- Free employee cards and spend limits: Track employee spending while earning all rewards from their purchases and set customized spending limits for each card.
Why we like it: It provides a substantial introductory bonus of $1,500 cash back once you spend $20,000 in the first 3 months, and an additional $1,500 once you spend $100,000 in the first 6 months. You can also earn unlimited 5% cash back on hotels and car rentals booked through Capital One Travel and unlimited 2% cash back on all your other business-related purchases. Plus, you’ll get a refund for your $150 annual fee when you spend at least $150,000 in a year.
Other benefits:
- No preset spending limit: Take advantage of flexible buying power because your credit limit adjusts based on your usage, payment behavior, and credit history.
- No foreign transaction fees: Use the card abroad and pay no additional fees on foreign transactions.
Consider the Capital One Spark Cash Plus if:
- You can pay your balance in full each month—this is a charge card, which requires you to pay your entire balance every billing cycle.
- Your annual business expenses can reach $150,000 or more, so you can save on annual fees.
Note that you need to have an excellent credit score to get approved instantly. Also, it doesn’t come with APRs since it is a pay-in-full card—you’ll be charged a 2.99% monthly late fee if your balance is not paid in full. Its flexible buying power is one of the reasons why it is also part of our roundup for the best high-limit business credit cards.
How We Selected Business Credit Cards With Instant Approval
When choosing the best instant approval business credit cards, we take into account the application process, whether online application or prequalification is available, and the requirements, fees, rewards, and features. We also included charge cards and a fuel credit card on the list, as these options may still be helpful for your business, depending on your needs and expenses.
Frequently Asked Questions (FAQs)
In general, no issuer will approve your credit card application instantly without performing a standard verification process first. Some applicants may be approved as fast as a few seconds to a few minutes while others may take a few days to a few weeks to receive feedback.
The length of the application and approval process for business credit cards varies from one card issuer to another. While most card issuers won’t deliberately declare that they offer instant approval, some of them include the fastest possible approval timeframe on their websites.
You need to meet the card issuer’s qualification requirements and apply online to get approved for a business credit card faster. Make sure you know your credit score and the issuer’s credit requirements to determine whether you qualify for your chosen card. Also, prepare the necessary documents and financial information, including:
- Business name, address, and business type
- Your role/position in the business
- Tax identification number (TIN), Social Security number, or employer identification number (EIN)
- Years in operation
- Number of employees
- Annual business revenue
- Estimated monthly expenses
Generally, instant approval refers to a fast application and approval process. When you apply for a credit card online, instant approval means you will typically receive a decision within a few minutes. Some card issuers will provide you with a virtual card number that you can use immediately while you wait for the arrival of the physical card.
Meanwhile, a preapproved credit card application is sent to you when your credit score and profile meet specific criteria set by the card issuer. An issuer may purchase a list of eligible individuals from a credit bureau so that it can send preapproved offers to those who meet the credit requirements. However, being preapproved does not guarantee approval—it means that the card issuer sees you as fitting the qualification profile that they predefined.
Bottom Line
The best instant approval business credit cards offer an easy application process and fast decisions, usually in a few minutes. This is as close to instant approval as you will find when shopping for any form of business financing. Before applying for an instant approval business credit card, be sure that your credit score—poor, fair, good, or excellent—aligns with the card’s requirements. Also, consider other factors like rewards, fees, APRs, payment frequency, and features to decide which is the best fit for your company.