Instant approval business credit cards are an excellent way to access necessary funding quickly. In addition to your credit limit, you’ll earn ongoing rewards and have access to 0% introductory annual percentage rates (APRs). Some of these business credit cards with instant approval capabilities don’t even require a personal credit check.
The best instant approval business credit cards of 2020 are:
- Chase Ink Business UnlimitedSM: (Best Overall) Best for fixed-rate cash back, 0% APR, and a sign-up bonus
- American Express Blue Business CashTM Card: Best for 0% APR and consistent rewards
- Capital One® Spark® Classic for Business: Best for building business credit
- Wells Fargo Business Secured Credit Card: Best for when you don’t qualify for an unsecured credit card
- Bento for Business Prepaid Card: Best as a business prepaid card alternative
For details on how we evaluate business credit cards for this list, see our methodology.
Chase Ink Business UnlimitedSM: Overall Best Instant Approval Business Credit Card
Ink Business Unlimited℠ Credit Card
Best For: Pocketing 1.5% cash back on every single purchase
|Intro APR ?0% APR for 12 months on purchases||Regular APR||Annual Fee||Credit Needed|
|0% Intro APR on Purchases||13.24% - 19.24% Variable||$0||Good - Excellent|
Why we like it: This instant approval business credit card will offer you immediate benefits. You’ll lock yourself into consistent cash back rewards that you can earn no matter where you spend your money. This makes it an easy choice for owners who don’t want to deal with the hassle of tracking category rewards. You’ll appreciate this simple rewards structure.
This Chase business credit card also tops our list because it gives you an opportunity to avoid interest for an extended period of time. While it’s not the longest introductory 0% APR offer on our list, it still holds its ground. Get this business credit card for its simple rewards, lucrative signup bonus, and cheap introductory financing.
American Express Blue Business CashTM Card: Best for 0% APR and Consistent Rewards
American Express Blue Business Cash™ Card
Best For: Earning 2% cash back every time you swipe and 0% introductory APR for 12 months
|Intro APR ?0% introductory APR for 12 months on purchases||Regular APR||Annual Fee||Credit Needed|
|0% on purchases||13.24% - 19.24% Variable||No annual fee||Good, Excellent|
Why we like it: This easy approval business credit card allows business owners and startups to finance purchases or pay down a balance from a high-interest credit card with 0% introductory APR. It has the best interest-free financing offer among cards on this list. But that’s not all. You’ll also be able to earn 2% cash back wherever you use your card. However, that rate only applies to purchases of up to $50,000 per year.
If your business spending isn’t constant, you’re in luck. This American Express business card gives you access to expanded buying power. This means you can spend above your credit limit when you need it most. However, this extra limit is not unlimited, it’s based on factors like your payment history and credit record.
It’s important to note that although it offers a longer 0% introductory offer and its ongoing rewards are stronger than our No. 1 pick, it offers no introductory rewards. This is why this card fell short of our top pick.
Capital One® Spark® Classic for Business: Best for Fair Credit
Capital One® Spark® Classic for Business
Best For: Fair credit business owners (580 to 669)
|Intro APR||Regular APR||Annual Fee||Credit Needed|
|N/A||26.99% (Variable)||$0||Average, Fair, Limited|
Why we like it: This card gives business owners with personal credit scores below 670 a unique opportunity to access business features and benefits like rewards. Although this card has fewer qualification requirements, you’ll still be able to tap into an unlimited 1% cash back, with no limits or category restrictions. Plus, you’ll never have to pay an annual fee, and you’ll have a shot at building both your business and personal credit.
It’s best to use this instant approval business credit card to improve your credit to a point where you can qualify for a traditional business credit card. Those cards typically offer more lucrative opportunities, including large signup bonuses and rewards worth up to 5% of your purchase price. This card is the perfect fit if you’re looking for instant financing and eventually want to apply for another small business credit card.
Wells Fargo Business Secured Credit Card: Best for Bad Credit
Wells Fargo Business Secured Credit Card
Best For: Business owners with poor credit
|Intro APR||Regular APR||Annual Fee||Credit Needed|
|N/A||Prime + 11.90% on purchases||$25 per card||N/A|
Why we like it: Business secured credit cards are perfect if you’re looking to avoid a personal credit check. However, unlike traditional credit cards, secured cards have credit limits equal to a cash deposit made by you held in a collateral account. This Wells Fargo card lets you make a cash deposit and have a limit between $500 to $25,000. So, if you have the cash on hand, this instant approval business credit card can help you if you have bad credit.
While most secured credit cards don’t offer rewards, you’re in luck because this card has a rewards structure. It gives owners the freedom to choose between cash back or points-based rewards, making it easy to tailor it to your business needs. If you choose points, and you should if you travel for business often, you can also earn bonus points each month depending on your monthly spending.
Bento for Business: Best as a Prepaid Card Alternative
Bento For Business Visa® Debit Card
Best For: Managing employee expenses without a credit check to qualify
|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|
Why we like it: Business owners who want to avoid a personal credit check or don’t want a traditional credit card should lean into Bento. 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, you’ll have to pay a monthly fee, which is unique to this card.
Similar to a traditional business credit card with instant approval capabilities, this prepaid business card gives you access to employee cards and controls. So although you’ll be missing out on rewards, you’ll still have features that help you control your company’s expenses.
However, Bento for Business isn’t an unsecured credit card, so it 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 and must have the necessary cash on hand. If you’re looking for financial relief, this may not be the best option.
How We Evaluated Instant Approval Business Credit Cards
Business credit cards with instant approval capabilities offer various introductory and ongoing rewards, a range of APRs, and free additional benefits. We prioritized these factors when compiling a list of the best cards. Your qualifications—personal credit score—and the right mix of rewards and benefits will likely determine which business credit card is best for your business.
What Is an Instant Approval Business Credit Card?
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 of 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 instant approval 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.
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.
- Ongoing rewards: The points or cash-back rewards you can earn for your ongoing purchases.
- Introductory APR: Whether a card offers an introductory 0% APR period on purchases or balance transfers.
- Ongoing APR: How much it costs to finance purchases or balance transfers.
- Additional features: Any free perks or benefits that increase the card’s value.
- Annual fee: How much it costs to own the card each year.
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 to get a business credit card. 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.
Instant approval business credit cards typically deliver an approval or rejection immediately. The best instant approval business credit cards offer sign-up bonuses, ongoing rewards, and 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 Blue Business CashTM Card, please click here.