The best instant approval business credit cards have introductory offers worth up to $1,000, ongoing rewards of up to 5%, and low ongoing APRs. They also offer additional features such as insurance and travel perks. Some easy approval business credit cards offer interest-free financing for up to 12 months on purchases and balance transfers.
Top 8 Instant Approval Business Credit Cards September 2019
Instant Approval Business Credit Cards | Best For |
|---|---|
(Best Overall) Fixed-rate cash back, 0% APR, and a sign-up bonus | |
Cash back rewards and no annual fee | |
Travel rewards and luxury travel perks | |
2% cash back | |
2x points per $1 spent | |
Fair credit (580 to 669) | |
When you don’t qualify for an unsecured credit card | |
A business prepaid card alternative |
What An Instant Approval Business Credit Card Is
Instant approval business credit cards are cards that review your application in real time. You’ll typically receive a decision—either an approval or denial—instantly. However, that depends on the issuer’s ability to validate your identity. If the issuer doesn’t provide a decision right away, you may need to submit additional information and wait for the issuer to process your application.
Some instant approval business credit cards are only available to business owners with an excellent personal credit score (at least 670). Credit card issuers generally issue instant approval business credit cards to business owners that demonstrate the most attractive qualifications.
Business credit cards also can be instant approval if they have few qualification requirements and present low-risk for issuers. Credit cards for fair credit, secured credit cards, and prepaid business cards are often considered easy approval business credit cards because of their limited qualification requirements. What’s more, instant approval credit cards generally apply to both ends of the credit spectrum—high personal credit scores and very low ones, too.
How We Evaluated Easy Approval Business Credit Cards
Instant approval business credit cards offer various introductory and ongoing rewards, a range of APRs, and free additional benefits. Your qualifications—personal credit score—and the right mix of rewards and benefits will likely determine which easy approval business credit card is best for your business.
In our evaluation of the best easy approval business credit cards, we considered:
- Introductory rewards: The introductory offer you can earn by meeting a minimum spending requirement. Cards on this list offer introductory rewards up to $1,000.
- Ongoing rewards: The points or cash-back rewards you can earn for your ongoing purchases. The cards on our list pay ongoing rewards worth up to 5% of your purchase.
- Introductory APR: Whether a card offers an introductory 0% APR period on purchases or balance transfers. The best instant approval business credit card offers include introductory no-interest financing for up to 12 months.
- Ongoing APR: How much it costs to finance purchases or balance transfers. Cards on this list have ongoing APRs as low as 14.74%. Two cards on our list charge no interest but require you to pay your bill in full each month.
- Additional features: Any free perks or benefits that increase the card’s value. Some cards on our list offer purchase protection, extended warranty protection, and car rental insurance.
- Annual fee: How much it costs to own the card each year. Cards on this list charge annual fees between $0 and $595.
While most small business credit cards evaluate your business credit, most also require a personal credit check and a credit score of at least 670 for approval. We also include three options—a credit card for fair credit, secured credit card, and prepaid card—for business owners with personal credit scores below 670 or that want to avoid a credit check. Compare the best cards to find the right easy approval business credit card for you.
We recommend Chase Ink Business UnlimitedSM as the overall best instant approval business credit card because of its mix of rewards and interest-free financing. You’ll earn a fixed-rate of 1.5% cash back on all purchases. Plus, you can earn a $500 sign up bonus after spending $3,000 within the first few months. We rank this card higher than other fixed-rate cards on our list because of its unlimited ongoing rewards and lucrative sign-up bonus.
Chase Ink Business UnlimitedSM: Overall Best Instant Approval Business Credit Card
Ink Business Unlimited℠ Credit Card
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- 0% introductory APR for 12 months on purchases
- Employee cards at no additional cost
- No Annual Fee
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% Intro APR on Purchases | 14.99% - 20.99% Variable | $0 | Good - Excellent |
On Chase's Secure Website
Chase Ink Business UnlimitedSM is the best instant approval business credit card because it offers unlimited fixed-rate cash back rewards, interest-free financing, and a sign-up bonus. It pays unlimited 1.5% cash back, so you can start earning rewards on every purchase. You’ll also have 0% APR for 12 months on purchases and the opportunity to earn a sign-up bonus worth $500. Ongoing APR starts at 14.99%.
Chase Ink Business UnlimitedSM Costs
Chase Ink Business UnlimitedSM charges no interest on purchases for the first 12 months and no annual fee. Although its introductory APR only applies to purchases, it offers excellent introductory rewards for a no annual fee credit card.
Financing costs and fees on the Chase Ink Business UnlimitedSM credit card include:
- Annual fee: None
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 14.99% to 20.99% variable, which adjusts with the prime rate
- Balance transfer fee: $5 or 5%, whichever is greater
If you’re looking for the best introductory APR, consider choosing another instant approval business credit card. The American Express Blue Business CashTM Card, for example, charges no interest on purchases and balance transfers for 12 months and charges a balance transfer fee of 3%. However, that card lacks an introductory reward, which is why we rank it further down on our list.
Chase Ink Business UnlimitedSM Rewards
With Chase Ink Business UnlimitedSM, you’ll earn unlimited 1.5% cash back on every purchase. Plus, you can earn a sign-up bonus of $500 after you spend $3,000 within the first three months. Other fixed-rate cards on our list offer higher returns, but they set a monetary cap and don’t offer introductory rewards.
Introductory Rewards
You will earn $500 cash back when you spend $3,000 within the first three months. If you want to earn a larger sign-up bonus, you’ll need to take on a card with an annual fee. For example, the American Express Business Platinum Card® has an introductory reward worth up to $1,000 in travel but charges an annual fee of $595.
Ongoing Rewards
You will earn unlimited 1.5% cash back on all purchases, which makes it a solid credit card for startup businesses that don’t want to track category rewards. If you want to earn a higher return rate, choose the American Express Blue Business CashTM Card. It pays 2% cash back on purchases up to $50,000 annually, then 1% thereafter.
However, we rank the American Express Blue Business CashTM Card lower on our list because it doesn’t offer a sign-up bonus and sets a monetary cap on its ongoing rewards. To overcome the $500 introductory reward Chase Ink Business UnlimitedSM offers, you’ll need to spend at least $25,000 annual on your American Express Blue Business CashTM Card.
How to Redeem Rewards
You can redeem your rewards for cash back, gift cards, and travel through Chase’s online travel website. Redemption value for all three options is 1 cent per point. When you redeem as cash back, you can receive a statement credit or a deposit into an eligible checking or savings account from a U.S.-based bank or credit union.
You also can increase your redemption value when you transfer rewards to another Chase credit card you own that’s part of the Ultimate Rewards program. If you transfer your rewards to Chase Ink Business PreferredSM, each point is worth 1.25 cents per point when you redeem them for travel.
Chase Ink Business UnlimitedSM Additional Features
Chase Ink Business UnlimitedSM offers insurance that protects you against damage or from theft. You’ll receive car rental insurance, purchase protection, and extended warranty protection. Chase Ink Business CashSM offers identical coverage.
Chase Ink Business UnlimitedSM comes with the following additional features:
- Auto rental collision damage waiver: Primary coverage when renting a car for business purposes—meaning it replaces your personal insurance or any coverage the rental company offers. Chase may reimburse up to the actual cash value of the vehicle for theft and collision damage.
- Purchase protection: Covers new purchases within 120 days of purchase from damage or theft. Coverage is limited to $10,000 per incident and $50,000 per year.
- Extended warranty protection: Offers up to an additional year of warranty on U.S. manufacturers’ warranties of three years or less.
Most of the easy approval business credit cards on our list offer similar additional card features. However, some cards offer lower coverage levels. For example, the American Express Blue Business CashTM Card only offers a 90-day purchase protection window and sets a $1,000 per-incident limit.
What Chase Ink Business UnlimitedSM Is Missing
Chase Ink Business UnlimitedSM offers a lower reward rate compared to other fixed-rate cash-back business credit cards on our list. However, some cards that pay a higher return rate lack an introductory reward. For example, the American Express Blue Business CashTM Card offers 2% cash back on purchases up to $50,000, but it doesn’t have a sign-up bonus. You’ll need to consider what is more important: introductory rewards or a higher return rate.
Chase Ink Business UnlimitedSM Reviews
We considered both user reviews and our own Chase Ink Business UnlimitedSM card review when rating this card. Most user reviews are positive, as this card offers an excellent rewards structure and interest-free financing.
User Reviews
Online user reviews suggest that cardholders benefit from the sign-up bonus, lack of an annual fee, and introductory 0% APR period on purchases. However, some users say other cash-back business credit cards offer better ongoing rewards. There are some business credit cards that offer fixed-rate rewards up to 2%, but those credit cards don’t offer sign-up bonuses.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. This Chase Ink business credit card is an excellent card option for instant approval if you want to earn excellent rewards on every purchase. Reviewers say you can earn better cash back rewards if you’re willing to track category bonuses on credit cards like Chase Ink Business CashSM.
How to Apply for Chase Ink Business UnlimitedSM
You can apply for the Chase Ink Business UnlimitedSM online by providing your basic business and personal information, and you could be approved instantly. Once you’re approved, you’ll receive your card in the mail within seven to 10 days
Chase Ink Business CashSM: Best for Cash Back Rewards
Ink Business Cash℠ Credit Card
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
- Earn 1% cash back on all other card purchases with no limit to the amount you can earn
- 0% introductory APR for 12 months on purchases
- Employee cards at no additional cost
- No Annual Fee
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% Intro APR on Purchases | 14.99% - 20.99% Variable | $0 | Good - Excellent |
On Chase's Secure Website
Chase Ink Business CashSM is best for office-based small businesses with a lot of stationary or computer needs. It pays up to 5% cash back in categories like office supplies and telecommunication services. You also can earn a sign-up bonus of $500 when you spend $3,000 within the first three months. Plus, you’ll receive introductory 0% APR on purchases for 12 months. Ongoing APR starts at 14.99%.
Chase Ink Business CashSM Costs
Chase Ink Business CashSM charges no interest for 12 months on purchases and no annual fee. If you need to transfer a balance, choose a different card. Its introductory APR only applies to purchases and it charges a high balance transfer fee of 5%.
Financing costs and fees on the Chase Ink Business CashSM credit card include:
- Introductory APR: 0% APR for 12 months on purchases
- Ongoing APR: 14.99% to 20.99% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: $5 or 5%, whichever is greater
This Chase business credit card’s introductory APR falls short compared to other cards on our list. For example, the American Express Blue Business CashTM Card and American Express Blue Business® Plus both charge no interest for 12 months on purchases and balance transfers. Those cards also only charge balance transfer fees of 3% compared to 5%.
Chase Ink Business CashSM Rewards
Chase Ink Business CashSM pays top cash back rewards, which include up to 5% of your purchase price in categories like office supply spending. Plus, business owners can also earn a sign-up bonus worth $500.
Introductory Rewards
You’ll earn $500 cash back when you spend $3,000 within the first three months. This introductory reward is identical to what Chase Ink Business UnlimitedSM offers. Other instant approval business credit cards for owners with excellent credit (at least 670) don’t offer introductory rewards, including the American Express Blue Business CashTM Card and American Express Blue Business® Plus.
Ongoing Rewards
You will earn the following ongoing rewards when using your card:
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, cellular phone, and landline services each account anniversary year, then 1% afterward.
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, then 1% afterward.
- 1% cash back on all other purchases.
Chase Ink Business CashSM is our top pick as the best cash-back business credit card because it pays rewards that are worth up to 5% of your purchase. No other instant approval business credit card on our list offers higher rewards for gas or restaurant purchases, either.
How to Redeem Rewards
You can redeem your rewards for cash back, gift cards, and travel through Chase’s online travel website. Redemption value for all three options is 1 cent per point, which is common across cash back credit cards. When redeeming for cash, you can receive a statement credit or a deposit into an eligible checking or savings account from a U.S.-based bank or credit union.
Chase Ink Business CashSM Additional Features
Chase Ink Business CashSM offers similar features and perks as other easy approval business credit cards on this list, including car rental insurance, purchase protection, and extended warranty protection.
Chase Ink Business CashSM comes with the following additional features:
- Auto rental collision damage waiver: Chase provides primary coverage when renting for business purposes, which means it replaces your personal insurance and any insurance the rental company offers. Chase may reimburse you up to the actual cash value of the vehicle for theft and collision damage.
- Purchase protection: Chase provides coverage against damage or theft for the first 120 days after purchase. Coverage is limited to $10,000 per claim and $50,000 per year.
- Extended warranty protection: Offers up to an additional year of warranty on U.S. manufacturers’ warranties of three years or less.
Some business credit cards on our list offer better coverage levels. For example, the American Express Blue Business® Plus extended warranty protection offers up to an additional two years of coverage on warranties of five years or less.
What Chase Ink Business CashSM Is Missing
Chase Ink Business CashSM sets a $25,000 annual cap on both the 5% and 2% cash back reward categories. This limitation may be too small for some business owners looking for instant approval credit cards. If you’d rather earn unlimited rewards on every purchase, consider our top pick—Chase Ink Business UnlimitedSM. That card pays 1.5% cash back on every purchase with no annual cap.
Chase Ink Business CashSM Reviews
We considered both user reviews and our own editorial review when rating this card. Chase Ink Business CashSM reviews are extremely positive. Cardholders who spend big on office supplies especially love the 5% reward spending category.
User Reviews
Online reviews suggest that most cardholders find this as one of the best cash back reward credit card options. Cardholders benefit from its no annual fee and cash sign-up bonus. However, some users without office-based businesses find they don’t benefit as much from the category rewards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. This Chase Ink business credit card is one of the best small business credit cards. The mix of its business-oriented rewards and 0% APR set it apart from other cards. Reviewers suggest that travel rewards could make this a stronger pick.
How to Apply for Chase Ink Business CashSM
You can apply for Chase Ink Business CashSM online by filling out a basic application with your business and personal information, and you could be approved instantly. Once you’re approved, you’ll receive your card in the mail within seven to 10 days.
American Express Business Platinum Card®: Best for Travel
The Business Platinum® Card from American Express
- Welcome Offer: Earn up to 100,000 Membership Rewards® points.
- Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
- Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
- 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
- Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
- Terms Apply
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | N/A | $595 | Good, Excellent |
on The Business Platinum® Card from American Express's secure website.
The American Express Business Platinum Card® is best for owners who travel frequently. It offers top travel rewards (5x) and unbeatable travel perks, which include free airport lounge access and airport security screening application fee reimbursements. It charges a $595 annual fee, making it the most expensive card on our list. This is also a charge card, which means you’ll incur no interest because you must pay the balance off in full monthly.
American Express Business Platinum Card® Costs
This business travel credit card charges the highest annual fee on our list of the best instant approval business credit cards. You’ll need a high personal credit score (at least 670) to qualify because it’s a charge card and offers no preset spending limit.
Financing costs and fees on this American Express business credit card include:
- Introductory APR: None
- Ongoing APR: No APR because it’s a charge card and needs to be paid in full monthly; 20.24% if you enroll in the invitation-only Pay Over Time feature
- Annual fee: $595
- Balance transfer fee: Transfers are not allowed
The American Express Business Platinum Card® is the only charge card on our list. You’ll be required to pay off your balance every month, unless you enroll in the invitation-only Pay Over Time feature. If you can’t afford to pay off your balance in full every month, consider a traditional points-based business credit card like American Express Blue Business® Plus (2x points).
American Express Business Platinum Card® Rewards
The American Express Business Platinum Card® pays up to 5x points on purchases made through American Express Travel. Plus, you can earn an introductory reward worth $1,000 in travel after spending $25,000 within the first three months. This is the largest sign-up bonus on our list.
Introductory Rewards
You will earn the following introductory rewards when using your card:
- 50,000 bonus points after spending $10,000 within three months.
- 50,000 extra bonus points after spending an additional $15,000 within the first three months.
This sign-up bonus of 100,000 bonus points can be worth up to $1,000 in flights, Uber rides, and gift cards, and up to $700 in prepaid hotels. Other instant approval business credit cards offer smaller introductory rewards. For example, both Chase Ink Business UnlimitedSM and Chase Ink Business CashSM offer $500 after you spend $3,000 within three months.
Ongoing Rewards
You will earn the following ongoing rewards when using your card:
- 5x points on travel purchases through American Express Travel.
- 1.5x bonus points per dollar for eligible purchases of at least $5,000.
- 1x points on all other purchases.
This is the only instant approval credit card that offers bonus rewards for purchases of at least $5,000. That reward category also makes it an excellent option for small businesses looking for a high limit business credit card to make large purchases. It has no preset spending limit because it’s a charge card, so you can spend without worrying about hitting your credit limit.
How to Redeem Rewards
There are seven ways to redeem your rewards:
- Statement credit: Redeem at least 1,000 points in your account for charges on your credit card statement.
- Travel: Redeem a minimum of 5,000 points to book travel on American Express Travel and receive 35% of your points back.
- Gift cards: Redeem your rewards for gift cards through American Express.
- Amazon purchases: After you add your card to your Amazon account and use it at least once, you can use your points on Amazon purchases.
- Ticketmaster: Redeem a minimum of 2,000 points on Ticketmaster to purchase event tickets.
- AXS: Redeem a minimum of 2,000 points on AXS to purchases event tickets.
- Taxi fares: Redeem your rewards for select taxi fares and tips in New York City.
American Express business credit cards typically give business owners the most reward redemption choices. The top card on our list, Chase Ink Business UnlimitedSM, only lets you redeem your rewards for cash back, travel, or gift cards.
American Express Business Platinum Card® Additional Features
The American Express Business Platinum Card® comes with the most robust card perks of any instant approval credit card on our list. Most of these features benefit people who travel for business often. It provides free access to over 1,200 airport lounges, expedited airport security screening, and travel credits.
The American Express Business Platinum Card® includes the following benefits:
- American Express lounges: Free access to American Express Centurion lounges, which are located in eight U.S. airports.
- Other airport lounges: Complementary unlimited access to a network of at least 1,200 airport lounges.
- Airport screening program: Receive either a $100 statement credit for Global Entry once every four years or $85 statement credit for TSA Pre✓® once every 4.5 years.
- Travel credit: $200 annual statement credit toward air travel expenses, including baggage fees and in-flight food and drink.
- Rental status: Elite status at a number of car rental agencies, which includes free upgrades.
- Free in-flight Wi-Fi: 10 annual free Gogo in-flight Wi-Fi passes.
- Points rebate: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Receive up to $100 in statement credits every six months on purchases with Dell for $200 in credits every year.
Although this card’s annual fee is the highest on our list, it’s worth your money if you can take advantage of these perks, which could be worth well more than the cost of the annual fee. This is the only business credit card with lounge access and annual travel credits on our list.
What the American Express Business Platinum Card® Is Missing
The American Express Business Platinum Card® is a charge card, so you’ll need to repay your balance in full monthly. If you need to carry a balance, it’s best to look toward other instant approval business credit cards. American Express Blue Business® Plus is an excellent alternative because it offers points-based rewards, identical reward redemption options, and introductory financing. However, it doesn’t offer a sign-up bonus or travel perks.
American Express Business Platinum Card® Reviews
We considered both user reviews and our own editorial review when evaluating this card. American Express Business Platinum Card® reviews are mostly positive. Although it charges a high annual fee, its luxury travel perks are like no other easy approval business credit card.
User Reviews
Online user reviews are mostly positive. People who travel for business often say the travel perks like airport lounge access are extremely rewarding. However, some users who don’t travel frequently complain about the high annual fee.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Reviewers champion this as one of the best American Express business credit cards. Its premium travel perks are better than what other business travel cards offer. However, its annual fee is a turnoff for some owners looking for an instant approval business credit card.
How to Apply for the American Express Business Platinum Card®
You can apply for the American Express Business Platinum Card® online in a matter of minutes. You will be required to provide your basic business and personal information. Once approved, you will receive your card within seven to 10 business days.
American Express Blue Business CashTM Card: Best for Fixed-rate 2% Cash Back
American Express® Blue Business Cash Card
- 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.
- 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 14.74%, 17.74%, or 20.74%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% on purchases | 14.74% - 20.74% Variable | No annual fee | Good, Excellent |
on American Express® Blue Business Cash Card's secure website.
The American Express Blue Business CashTM Card is the best instant approval business credit card for fixed-rate cash back. It pays 2% cash back on purchase up to $50,000 annually, then 1% thereafter. Plus, it charges no interest for 12 months on purchases and balance transfers. However, this card has no sign-up bonus, which is why it ranks below Chase Ink Business UnlimitedSM. Ongoing variable APR starts at 14.74%.
American Express Blue Business CashTM Card Costs
The American Express Blue Business CashTM Card charges no interest for 12 months on purchases and balance transfers. Plus, it charges no annual fee, similar to other fixed-rate cards on our list.
Financing costs and fees on the American Express Blue Business CashTM Card include:
- Introductory APR: 0% for 12 months on purchases and balance transfers, which makes it one of the best 0% APR business credit cards
- Ongoing APR: 14.74% to 20.74% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: $5 or 3% of the transferred amount, whichever is greater
This instant approval business credit card offers the longest interest-free financing period on our list, tied with American Express Blue Business® Plus. In comparison, the 0% APR period Chase Ink Business UnlimitedSM offers only applies to purchases. But that card offers introductory rewards worth $500, which the American Express Blue Business CashTM Card lacks. You’ll need to consider what is more valuable to your business: 0% APR on balance transfers or lucrative introductory rewards.
American Express Blue Business CashTM Card Rewards
The American Express Blue Business CashTM Card pays 2% cash back on purchases up to $50,000 annually, then 1% thereafter. However, it’s one of five cards on our list that don’t offer introductory rewards.
Introductory Rewards
The American Express Blue Business CashTM Card doesn’t offer any introductory rewards. Other instant approval business credit cards on our list offer sign-up bonuses when you meet a minimum spending requirement within a specific time period. For example, Chase Ink Business UnlimitedSM offers $500 when you spend $3,000 within three months.
Ongoing Rewards
The American Express Blue Business CashTM Card offers the following ongoing rewards:
- 2% cash back on all purchases up to $50,000 each year.
- 1% cash back on all additional purchases.
Although the American Express Blue Business CashTM Card pays a higher return rate than Chase Ink Business UnlimitedSM, it ranks lower on our list because it lacks introductory rewards. You would need to spend $25,000 on your American Express Blue Business CashTM Card during the first year to make up the $500 in introductory rewards Chase Ink Business UnlimitedSM offers.
How to Redeem Rewards
You’ll receive a rebate as a statement credit for any eligible purchases on their American Express business card. The rebate you’ll receive is based on the percentage of eligible purchases made during a billing period and will appear on the second billing statement after the billing statement where those purchases appear.
American Express Blue Business CashTM Card Additional Features
The American Express Blue Business CashTM Card offers card benefits that many small business credit cards offer, including extended warranty protection and purchase protection. However, the coverage levels aren’t as good as what American Express Blue Business® Plus offers.
The American Express Blue Business CashTM Card offers the following benefits:
- Extended warranty protection: American Express will provide up to one additional year of coverage on eligible warranties of up to five years. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
- Purchase protection: American Express will repair, replace, or reimburse you for purchased items that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per claim and $50,000 per account each year.
American Express Blue Business® Plus offers a 120-day purchase protection window and offers up to an additional two years of warranty coverage compared to one year on the Blue Business CashTM Card.
What the American Express Blue Business CashTM Card Is Missing
This instant approval business credit card lacks an introductory reward, which makes this card less valuable during the first year than some other small business credit cards. Other cards on our list offer cash bonuses worth several hundred dollars. Chase Ink Business CashSM, for example, offers $500 after you spend $3,000 within three months.
American Express Blue Business CashTM Card Reviews
We considered both user reviews and our own editorial review when rating this card. American Express introduced this card in July, and we found no user reviews online. Editorial American Express Blue Business CashTM Card reviews praise this card for its high return rate on everyday spending and its lack of an annual fee.
User Reviews
We have found no editorial reviews for this card, which was released in July 2019.
Editorial Reviews
Editorial reviews suggest this is a solid instant approval business credit card if you don’t want to track category rewards. Other fixed-rate cards that pay 2% charge annual fees close to $100. However, reviewers agree introductory rewards would make this a stronger card.
How to Apply for the American Express Blue Business CashTM Card
You can apply for the American Express Blue Business CashTM Card online, and you could receive a decision in as little as 30 seconds. Once approved, your card will arrive in the mail within seven to 10 days.
American Express Blue Business® Plus: Best for Fixed-rate 2x Points
The Blue Business® Plus Credit Card from American Express
- Get rewarded for business as usual. 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.
- Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- More buying power for your business means more opportunities to earn points. That’s everyday business with the Blue Business Plus Card.
- *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.
- 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 14.74%, 17.74% or 20.74%, based on your creditworthiness and other factors as determined at the time of account opening.
- Terms Apply
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% on purchases | 14.74% - 20.74% Variable | No annual fee | Good, Excellent |
on The Blue Business® Plus Credit Card from American Express's secure website.
American Express Blue Business® Plus is best for business owners who don’t want to track category rewards. You’ll earn 2x points on all purchases up to $50,000 each year, then 1x thereafter. It charges no interest for 12 months on purchases and balance transfers. However, you won’t be able to earn a sign-up bonus like other instant approval business credit cards offer. Ongoing variable APR starts at 14.74%.
American Express Blue Business® Plus Costs
American Express Blue Business® Plus charges no annual fee and no interest on purchases and balance transfers for 12 months. This is the best introductory 0% APR offer on our list, identical to what the American Express Blue Business CashTM Card offers.
Financing costs and fees on the American Express Blue Business® Plus card include:
- Annual fee: None
- Introductory APR: 0% for 12 months on purchases and balance transfers, which makes it one of the best balance transfer business cards
- Ongoing APR: 14.74% to 20.74% variable, which adjusts with the prime rate
- Balance transfer fee: $5 or 3% of the transfer, whichever is greater
In addition to its introductory APR, American Express Blue Business® Plus charges a small balance transfer fee of 3%. Conversely, Chase Ink Business UnlimitedSM charges a balance transfer fee of 5%. This two percentage point fee difference can add up to hundreds of dollars if you transfer a large balance.
American Express Blue Business® Plus Rewards
American Express Blue Business® Plus does not offer a sign-up bonus, which is why we rank it low on our list of instant approval business credit cards. However, you’ll earn 2x points on all purchases up to $50,000 per year, then 1x points thereafter.
Introductory Rewards
American Express Blue Business® Plus is one of five cards on our list that doesn’t offer introductory rewards. Applying for an instant approval business credit card that offers introductory rewards can let you earn hundreds of dollars when you meet a minimum spending requirement. For example, Chase Ink Business UnlimitedSM offers $500 when you spend $3,000 within the first three months.
Ongoing Rewards
With the American Express Blue Business® Plus card, you can earn:
- 2x points on all purchases up to $50,000 each year
- 1x points on all additional purchases
American Express Blue Business® Plus pays the same fixed rate as the American Express Blue Business CashTM Card. However, that card offers cash back rewards compared to points-based rewards. Choose that card if you’d rather earn cash back for your everyday business-related purchases.
How to Redeem Rewards
There are seven ways to redeem your rewards:
- For your charges: Redeem your points for your eligible charges on your current statement. You must have at least 1,000 available points in your account.
- Travel: Redeem for travel through American Express Travel. The minimum redemption is 5,000 points.
- Gift cards: Purchase American Express gift cards.
- Amazon.com: To use points at Amazon, you must first load your card into your Amazon account and use your card at least once.
- Ticketmaster: Redeem your points on Ticketmaster to purchase event tickets. Minimum redemption is 2,000 points.
- AXS: Redeem your points on AXS to purchase event tickets. Minimum redemption is 2,000 points.
- Taxi fares: You can redeem your points for fares (including tips) in some taxis in New York City.
American Express Blue Business® Plus offers more redemption options than the American Express Blue Business CashTM Card. That instant approval business credit card only offers a statement credit for the cash back rewards you earn.
American Express Blue Business® Plus Additional Features
American Express Blue Business® Plus offers similar additional features to most business credit cards, which include extended warranty protection and purchase protection.
American Express Blue Business® Plus comes with the following additional features:
- Extended warranty protection: Provides up to an additional two years of warranty on the original manufacturer’s warranty of five years or less. Coverage is limited to $10,000 per claim and $50,000 per year.
- Purchase protection: The issuer will repair, replace, or reimburse you for a purchased item that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per claim and $50,000 per year.
You’ll receive better coverage through American Express Blue Business® Plus than you would with the American Express Blue Business CashTM Card. That card only offers purchase protection for the first 90 days after purchase and up to an additional one year of warranty coverage.
What American Express Blue Business® Plus Is Missing
American Express Blue Business® Plus is one of five cards on our list that doesn’t offer introductory rewards, which may turn away small business owners who want to maximize their rewards. If you want a fixed-rate credit card that offers introductory rewards, consider Chase Ink Business UnlimitedSM. It offers $500 when you spend $3,000 within the first three months and unlimited 1.5% cash back on every purchase.
American Express Blue Business® Plus Reviews
We considered both user reviews and our own editorial review when rating this card. American Express Blue Business® Plus reviews are mixed. Small business owners say the introductory financing and ongoing rewards help them grow their businesses. But the lack of an intro reward makes this card less valuable, particularly during the first year of ownership.
User Reviews
Online cardholder reviews are mixed. Most cardholders say they benefit from the fixed-rate rewards and introductory 0% APR period. However, most users wish they could also earn an introductory reward during the first few months of card ownership.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. American Express Blue Business® Plus is a solid business credit card for owners who want to save on interest charges. Plus, you won’t have to track category rewards because of its fixed-rate return of 2x points per $1. Reviewers agree the lack of introductory rewards are this card’s primary downside.
How to Apply for American Express Blue Business® Plus
You can apply for American Express Blue Business® Plus online in a matter of minutes. You’ll be required to fill out a basic application containing your business and personal information. Once approved, you’ll receive your card within seven to 10 days.
Capital One® Spark® Classic for Business: Best for Fair Credit
Capital One® Spark® Classic for Business
- Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions
- No annual fee
- Build and strengthen credit for your business by using this credit card responsibly
- $0 Fraud Liability if your card is lost or stolen
- Free employee cards, which also earn unlimited 1% cash back on all purchases
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- No foreign transaction fees
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | 24.74% (Variable) | $0 | Average, Fair, Limited |
on Capital One® Spark® Classic for Business's secure website.
Capital One® Spark® Classic for Business is best for owners with fair credit (580 to 669) who want one of the best easy approval business credit cards. You’ll earn 1% cash back on all spending and pay no annual fee. It’s one of the best options on our list if you want to build both your business and personal credit scores. It has an ongoing variable APR of 24.74%.
Capital One® Spark® Classic for Business Costs
Capital One® Spark® Classic for Business is a business credit card for fair credit that charges no annual fee. It doesn’t offer an introductory 0% APR period, however, that’s common on business credit cards for fair credit owners.
Financing costs and fees on Capital One® Spark® Classic for Business include:
- Introductory APR: None
- Ongoing APR: 24.74% variable, which adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: None
This is the highest ongoing variable APR on our easy approval business credit cards list. However, the APR is average among cards designed for business owners with fair credit. This isn’t the right card for you if you have a credit score below 580. In that case, consider a secured card like the Wells Fargo Business Secured Credit Card. Secured business credit cards typically have credit limits equal to a cash deposit held in a collateral account.
Capital One® Spark® Classic for Business Rewards
Capital One® Spark® Classic for Business pays 1% cash back on all spending, but does not offer any introductory rewards. These rewards are common across business credit cards for owners with personal credit scores between 580 and 669.
Introductory Rewards
Capital One® Spark® Classic for Business offers no sign-up bonus, which is typical for business credit cards for fair credit. You should use this card to improve your personal credit score to a point where you can qualify for business cards that offers better rewards. The best business credit cards typically require a personal credit score of at least 670.
Ongoing Rewards
You’ll earn unlimited 1% cash back on all purchases. This is a solid easy approval business credit card if you have fair credit but still want to earn cash back rewards. If you want to earn rewards and your personal credit score is below 580, consider the Wells Fargo Business Secured Credit Card. That card lets you choose between 1.5% cash back or one point per dollar spent.
How to Redeem Rewards
Redeem your rewards as a statement credit, as a check, for a recent transaction, for gift cards, or you can set up automatic redemption. If you choose to redeem automatically, you can set a time each calendar year to receive your rewards or when you meet a specific threshold ($25, $50, $100, $200, $500, or $1,500).
Capital One® Spark® Classic for Business Additional Features
According to Capital One’s website, this easy approval business credit card offers Visa® Business Benefits, including extended warranty protection and purchase protection.
Capital One® Spark® Classic for Business comes with the following features:
- Extended warranty protection: Extends the time period of the U.S. manufacturer’s warranty by up to one year on warranties of three years or less.
- Purchase protection: Covers your purchased items for 90 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
Other cards on our list for business owners with low or bad credit fall just short of these features. For example, the Wells Fargo Business Secured Credit Card offers a 90-day purchase protection window, but doesn’t provide extended warranty protection.
What Capital One® Spark® Classic for Business Is Missing
Capital One® Spark® Classic for Business does not provide introductory rewards and lacks a strong ongoing reward return rate. However, business owners who consider this easy approval business credit card are generally looking to build credit and not earn the best rewards.
Capital One® Spark® Classic for Business Reviews
We considered both user reviews and our own editorial review when rating this card. Capital One® Spark® Classic for Business reviews suggest this is a solid pick if you want to build your business and personal credit.
User Reviews
Online user reviews are mostly positive. Cardholders suggest they like the opportunity to earn rewards even if their personal credit score is less than 670. However, some users wish the card offered higher credit limits. Credit limits for this card start at $500.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Most reviewers agree that this is one of the best easy approval business credit cards because it’s designed for fair credit business owners. It has few qualification requirements and charges no annual fee. If you want to monitor employee spending and avoid a credit check, consider the Bento for Business prepaid card.
How to Apply for Capital One® Spark® Classic for Business
You can apply for the Capital One® Spark® Classic for Business online. The application takes minutes and you can get approved instantly. Once approved, you’ll receive your card within seven to 10 days.
Wells Fargo Business Secured Credit Card: Best for Bad Credit
Wells Fargo Business Secured Credit Card
- Cash Back option: Earn 1.5% cash back on every $1 spent
- Reward Points option: Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- $0 annual rewards program fee
- $500 to $25,000 credit line
- Zero liability protection
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | Prime + 11.90% on purchases | $25 per card | N/A |
On Wells Fargo's Secure Website
The Wells Fargo Business Secured Credit Card is best for business owners who have personal credit scores below 580 and want to build their business credit. This easy approval business credit card offers credit limits up to $25,000. You’ll need to deposit $500 to $25,000 in cash that will be held in a collateral account, which unsecured cards don’t require. You’ll pay an ongoing variable APR of 17.15%.
Wells Fargo Business Secured Credit Card Costs
The Wells Fargo Business Secured Credit Card charges a variable APR of 17.15%. Plus, you’ll pay $25 per card each year (10-card maximum).
Financing costs and fees on the Wells Fargo Business Secured Credit Card include:
- Credit line: Deposit $500 to $25,000 in a collateral account, which equals the amount of your credit line
- Introductory APR: None
- Ongoing APR: 17.15% variable, which will adjust with the prime rate
- Annual fee: $25 per card (10-card maximum)
- Balance transfer fee: Transfers not allowed
The variable APR on this secured business credit card is far lower than the one business credit card for fair credit on our list, Capital One® Spark® Classic for Business. That card charges an ongoing variable APR about seven percentage points higher. The Wells Fargo Business Secured Credit Card is the only secured card on our list, which means you’ll need cash on hand to fund your account.
Wells Fargo Business Secured Credit Card Rewards
The Wells Fargo Business Secured Card lets you choose between cash back or points-based rewards. Once you choose your rewards, you’ll earn a fixed rate of 1.5% or one point per $1 on all spending. This card does not offer a sign-up bonus.
Introductory Rewards
Similar to Capital One® Spark® Classic for Business, the Wells Fargo Business Secured Card does not offer introductory rewards. This is common on business credit cards for owners with fair or bad credit.
Ongoing Rewards
After you choose whether to earn points or cash back, you can earn ongoing rewards of:
- 1.5% cash back for every $1 spent on purchases
- 1 point for every $1 spent on net purchases and 1,000 bonus points when your company spends $1,000 in any monthly billing period
The ongoing rewards worth up to 1.5% cash back are potentially more valuable than the 1% cash back Capital One® Spark® Classic for Business offers. This Wells Fargo business credit card is the only card on our list that lets you choose between cash back or points.
How to Redeem Rewards
If you choose cash back, redemption is automatic. You’ll receive a statement credit, or Wells Fargo will deposit your cash back in an eligible checking or savings account once every quarter. If you choose rewards in the form of points, you can redeem them for gift cards, merchandise, or airline tickets. If you redeem points for airline tickets, you’ll be charged a $24 redemption fee. You’ll receive a 10% point credit when you redeem points online.
Wells Fargo Business Secured Credit Card Additional Features
The Wells Fargo Business Secured Credit Card offers one additional feature: purchase protection. The issuer will replace, repair, or reimburse you for new purchases that are stolen or damaged within the first 90 days of purchase. This is similar to the purchases protection the Bento for Business prepaid card offers. However, that card also offers car rental insurance.
What Wells Fargo Business Secured Credit Card Is Missing
This is not an unsecured business credit card, which means you’ll need to provide a cash security deposit to receive your credit limit. Plus, Wells Fargo doesn’t report to personal credit, so this card will only help you build your business credit. However, Wells Fargo may review your credit history and upgrade you to an unsecured Wells Fargo business credit card.
Wells Fargo Business Secured Credit Card Reviews
We considered both user reviews and our own editorial review when rating this card. Wells Fargo Business Secured Credit Card reviews name this card as the best business secured card available. Other business secured cards charge higher fees or offer lower security deposit thresholds.
User Reviews
Account holders say responsible use of this card has allowed them to improve their business credit score. However, some users complain that even when their credit scores improved, they were unable to earn an upgrade to an unsecured credit card. Although your credit score is an important factor, it’s not the only factor Wells Fargo reviews when deciding whether to upgrade your card. Your existing debt also may play a role.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Reviewers say this is the best secured small business credit card. It offers an affordable way to build business credit. However, it does charge a small annual fee.
How to Apply for the Wells Fargo Business Secured Credit Card
You can only apply online for the Wells Fargo Business Secured Credit Card if you have an existing relationship with Wells Fargo. Otherwise, you’ll need to visit a branch and apply in person. Wells Fargo will examine your credit experience and payment history, cash flow, existing credit obligations, and your current relationship with the bank.
Bento for Business: Best for a Prepaid Card Alternative
Bento For Business Visa® Debit Card
- Instant Decision
- No Credit Check Required
- One-click card controls & expense reports
| NUMBER OF CARDS | MONTHLY COST | DAILY LOAD LIMIT | DAILY SPEND LIMIT |
|---|---|---|---|
| Unlimited | $0 for the first 2 cards. $29-149 monthly for more | None | $25,000 |
on Bento For Business Visa® Debit Card's secure website.
Bento for Business is best for business owners who want an easy approval business credit card that requires fewer qualifications than other traditional business credit cards on our list. It’s a good option for businesses that only need a few cards, as it offers the first two for free. If you need more than two cards, Bento charges a monthly fee of at least $29. No other card on our list charges a monthly fee.
Bento for Business Costs
Bento for Business charges a monthly fee, which ranges from $0 to $149 per month. If you need at least three cards, your costs would most likely be higher with this card compared to any other card on our list besides the American Express Business Platinum Card® ($595).
Bento offers the following tiered pricing based on the number of cards you need:
- First two business prepaid cards: Free
- Three to 10 cards: $29 per month
- Eleven to 25 cards: $69 per month
- Unlimited cards: $149 per month
Bento waives the monthly fee if your business spends at least $20,000 per month. Unlike other business prepaid cards, Bento for Business does not charge transaction, new card issuance, setup, or load fees. It also charges no APR and annual fee.
Bento for Business Rewards
Bento for Business offers no rewards, which is common across most business prepaid cards. Every other easy approval business credit card on our list offers the opportunity to earn rewards on everyday spending. For example, the Wells Fargo Business Secured Credit Card pays up to 1.5% cash back.
Bento for Business Additional Features
Bento for Business offers additional features that are seen on traditional business credit cards, but which aren’t common among business prepaid cards. These features include car rental insurance and purchase protection.
Bento for Business includes the following additional features:
- Auto rental collision damage waiver: Offers primary rental coverage when you rent a vehicle for business. Bento may be reimbursed for up to the actual cash value of the vehicle in case of collision or theft.
- Purchase protection: Protects new purchases against damage or from theft for the first 90 days after purchase. The item will either be repaired or replaced, or you will be reimbursed. Coverage is limited up to $10,000 per claim and $50,000 per year.
The Wells Fargo Business Secured Credit Card also offers a similar purchase protection. However, that card does not offer car rental insurance.
What Bento for Business Is Missing
Bento for Business isn’t an unsecured credit card and requires you to preload funds onto the card. This means you can only spend up to the amount you have loaded onto the prepaid card. Plus, it doesn’t report your activity to the business credit bureaus, so you can’t use it to build your credit. Lastly, it’s the only card on our list that doesn’t offer reward opportunities.
If you’re looking to improve your credit and earn rewards, consider Capital One® Spark® Classic for Business. That card offers ongoing rewards and reports payments to both business and personal credit bureaus.
Bento for Business Reviews
We considered both user reviews and our own editorial review when rating this prepaid card. Bento for Business reviews applaud this card as an inexpensive way to pay for business expenses and monitor employee spending. However, the monthly fee can add up if you need more than two cards.
User Reviews
Users say Bento makes it easy to manage multiple cards and control business expenses. However, some cardholders complain that it takes too long to deposit funds into the account. Transfers may take up to two to three business days to process.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Editorial reviews find this to be one of the best business prepaid cards. It’s the best design for small businesses that only need one or two cards. If you need more than two cards, it may be cost effective to consider a traditional business credit card.
How to Apply for Bento for Business
You can apply online for Bento for Business and receive instant approval. The account will take two to three days to fund, and you’ll receive your first card within seven to 10 business days.
Bottom Line
Instant approval business credit cards typically deliver an approval or rejection immediately. The best instant approval business credit cards offer sign-up bonuses worth up to $1,000, ongoing rewards up to 5% of your purchase, and offer interest-free financing. Your personal credit history and spending goals will likely determine the best card for you.
For rates and fees on the American Express Business Platinum Card®, please click here.
For rates and fees on the American Express Blue Business CashTM Card, please click here.
For rates and fees on the American Express Blue Business® Plus, please click here.
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