Easy approval business credit cards have lower credit score requirements than most cards. Business owners with credit scores below 670 will have the opportunity to cover business expenses without having to use cash on hand. Two cards on this list are secured credit cards and have credit limits equal to a cash deposit made by you, the business owner.
The best easy approval business credit cards of 2020 are:
- Capital One® Spark® Classic for Business: (Best overall) Best for earning rewards while building both business and personal credit
- Wells Fargo Business Secured Card: Best for building business credit
- Discover it® Secured: Best for earning an introductory offer on a secured credit card
- Bento for Business Prepaid Card: Best for managing employee cards with no credit check
For details on how we evaluate business credit cards for this list, see our methodology.
Capital One® Spark® Classic for Business: Overall Best Easy Approval Business Credit Card
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: Capital One® Spark® Classic for Business is designed for owners with credit scores between 580 and 669, making it our best easy approval business credit card. With this business credit card, you can build business credit and earn decent ongoing rewards. Unlike others on our list, this card doesn’t require a cash deposit to qualify.
When you’re looking to get a credit card with less-than-perfect credit scores, you can’t go wrong with this card. You can use this card to cover business expenses and earn 1% cash back on all your purchases. Plus, this fair credit business card lets you manage employee expenses and track business spending.
What’s more, this card is a great option for fair credit owners looking to open a card with complimentary benefits. For example, this card offers up to $10,000 in purchase security for items that are damaged or stolen within 90 days of purchase. What’s more, you’ll get an additional year of warranty coverage on top of the manufacturer’s warranty.
Wells Fargo Business Secured Card: Best for Building Business 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: When you can’t qualify for an unsecured card, a secured business credit card is your next best option. If you have credit scores below 580, the Wells Fargo Business Secured Card can help you rebuild business credit while managing monthly expenses. It’s a great way to build business credit while you work to qualify for a better credit card later. However, you’ll need a cash deposit of at least $500 to open this card, which will also equal your credit limit.
You’ll have access to a credit line of $500 to $25,000, depending on your deposit amount. Plus, this card gives you the power to choose how you earn ongoing rewards—cash back or points. Either way, you’ll earn flat-rate rewards on all the purchases you make. That means you won’t have to track where you’re spending your money to earn the best rewards rate.
Discover it® Secured: Best for a Lucrative Introductory Offer
Discover it® Secured
Best For: Business owners who need help rebuilding personal credit
| Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|
| N/A | 24.49% Variable | $0 | N/A |
Why we like it: Discover it® Secured is great for business owners who want a credit card, but who aren’t yet ready for a business credit card. This personal credit card is the perfect in-between card for owners with less-than-stellar credit who need to build personal credit. Plus, you’ll earn double the cash back on your first year’s purchases.
You can use this card to earn 2% cash back on everyday expenses, and Discover will double the total cash back earned in the first year. That’s up to 4% cash back on your first year’s purchases. While this isn’t a traditional introductory reward, it can be extremely lucrative, depending on your annual spending. For example, if you spend $10,000, you’ll earn $400 in rewards with $200 of that being from the introductory offer.
Because this card offers free FICO credit scores, you can get updates as you build personal credit. However, you won’t be able to build business credit because it only reports to the personal credit bureaus.
Bento for Business Prepaid Card: Best for Managing Employee Cards With No Credit Check
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: The Bento for Business Prepaid Card is a solid option for businesses that need employee cards but want to avoid a credit check. This prepaid business card acts as a business debit card, allowing you to use funds you load onto the card yourself. This means you must have cash on hand to fund and use this card instead of borrowing money from the bank like traditional business credit cards.
The Bento for Business Prepaid Card offers a safe way to monitor employee expenses without exposing your business and personal credit reports to a credit inquiry, which can hurt your credit score. Even though it’s not a business credit card, you’ll still be able to control employee expenses and set card limitations. However, you won’t be able to build your business or personal credit.
How We Evaluated Easy Approval Business Credit Cards
We ranked the easiest business credit cards to get by looking at both the required credit score and the additional features each card offers. We also considered each card’s costs, including annual fees, ongoing annual percentage rate (APR), and required security deposits. Rewards were seen as an added benefit. Our list includes business credit cards, secured credit cards, and business prepaid debit cards as viable options.
What Are Easy Approval Business Credit Cards?
The easiest business credit cards to get have lower credit score requirements compared to traditional business credit cards. While owners with personal credit scores below 670 may not qualify for most business cards, they have an opportunity to qualify for an easy approval credit card. There’s at least one card on this list for owners with scores between 300 and 669.
The primary goal for owners who want an easy approval business credit card should be to build their credit scores to qualify for a better card down the road. Most of the cards on this list are instant approval business credit cards and give you an immediate decision.
Bottom Line
Easy approval credit cards can be a great tool to help you build your credit and manage your business expenses. However, the ongoing APR for these cards is higher compared to cards for those with excellent credit. You should know your credit score before you apply to understand if you qualify.
