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Business credit cards can be a great tool when you need money fast or are trying to expand your business. There are cards designed for almost any type of business owner and credit profile. You may be surprised to know that, even if your credit score isn’t great, it’s possible to get a business credit card and even to earn cash back and other rewards.
Find out the best easy business credit cards to get approved for. After getting one of our recommended cards, you’ll start earning rewards and building credit. Soon, you’ll be well on your way to graduating to cards with even more lucrative offers.
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Want to find your best business credit card that’s also easy to get approved for, but don’t quite have the time to read through this whole guide?
No problem—we’ve still got you covered with this quick synopsis.
Essentially, when it comes to business-specific credit cards that are easy to get approved for, your very best bet is the Spark Classic, which offers an unlimited 1% cash back for every dollar you spend. Not to mention, you’ll be able to get your hands on it with any personal credit of 550 or above, and you won’t have to pay an annual fee to use it.
If you don’t quite reach that personal credit threshold, then we suggest you build credit by spending responsibly with the Capital One Secured MasterCard. Though this secured card is actually a personal credit card, it will be crucial in building your credit to make it easier for you to get approved for a business credit card in the future.
What are your next steps after getting an easy business credit card to get approved for?
Spending responsibly until your credit improves sets you up to qualify for an even better business credit card.
First thing’s first, let’s take some time to solidify what we mean when we say “easy business credit cards to get approved for.”
More specifically, what makes these business credit cards so easy to get approved for relative to others on the market?
Though questions like this can tend to be complicated, the answer is pretty easy to wrap your head around—essentially, easy business credit cards to get approved for are business credit cards that accept cardholders who have a lower personal credit score.
I know—you’re probably wondering what your personal credit score has to do with a business credit card. Well, because credit card issuers see you—as the business owner—as the one responsible for making sure the bills get paid, they’ll look to your trustworthiness as a borrower as an indication of how risky it would be for them to extend your business a credit card.
And how do they gauge your trustworthiness as a borrower? You guessed it—your personal credit score.
Now that we’ve established what exactly it means for a card to be an easy business credit card to get approved for, let’s take a look at some business credit cards that don’t require you to have stellar personal credit to get approved for them.
If you’re searching for an easy business credit card to get approved for, then your very best bet is the Capital One Spark Classic for Business.
This is the best business credit card out there for business owners who have less-than-stellar credit—if you’ve got a credit score that rounds in at 550 or above, you’re eligible to be a cardholder.
And not only will the Spark Classic extend a revolving credit line for your business, it also lets you earn for the money you spend with it.
That’s right—you’ll get an unlimited 1% cash back for every dollar you spend with the Spark Classic.
Unlike many business credit cards available to business owners with challenged credit, the Spark Classic doesn’t have an annual fee or foreign transaction fee.
If the Spark Classic’s rewards rates seem exciting, then you’re in for a treat.
Through spending responsibly with the Spark Classic, you’re well on your way to graduating to an even more lucrative business credit card with a myriad of perks. Once you’ve built your personal credit to about 620 with the Spark Classic, you’ll be eligible for a new tier of business credit cards.
Among these newly accessible business credit cards will be the likes of the American Express Blue Business Plus—which offers a whopping 15 months of 0% intro APR—and the American Express Business Platinum Charge Card—which offers the most top-of-the-line travel perks of any business card out there.
All that said, some business owners might not reach that 550 threshold that the Spark Classic requires of its customers, and that’s totally fine. “Easy” is a relative term, so easy business credit cards to get approved for might not necessarily be accessible for you.
You’ll just have one extra step to access the top-of-the-line business rewards that await.
The most sure-fire way to improve your credit score to make you reach that 550 that the Spark Classic requires? Spending responsibly on a secured credit card.
A secured credit card is basically a credit card with a credit limit that’s secured by a security deposit. In fact, your average, everyday credit card is technically an unsecured credit card. That means—as you’ve probably already guessed—that a regular credit card’s credit line isn’t secured by a security deposit.
The security deposit that a secured credit card entails mitigated the risk that a credit card issuer takes on by extending you a credit card. As a result, secured credit cards are available to cardholders of all levels of creditworthiness, and they’re one of the most straightforward, accessible ways for those with seriously challenged credit to have an opportunity to borrow responsibly.
The very best secured credit card out there for business owners looking to access better business credit cards in the future? Well, it’s actually a personal secured credit card—the Capital One Secured MasterCard.
I know what you’re thinking—what’s a personal credit card doing on a list of easy business credit cards to get approved for?
Well, because you need to improve your personal credit in order to get approved for a business credit card, this personal secured credit card is actually a credit-challenged business owner’s best friend.
The Capital One Secured MasterCard is one of the most flexible secured credit cards out there. While most secured credit cards require that you put down 90%—if not all—of your credit limit’s worth as a security deposit, the Secured MasterCard lets you put down a security deposit of as small as 25% of your credit limit, depending on your creditworthiness.
Additionally, if you’re not able to put down your security deposit as a lump sum, this card lets you pay it in installments, as long as it’s paid in full within 80 days.
Finally, unlike many of your other secured credit card options, this card won’t saddle you with an annual fee or any other hidden fees, so you can rest easy knowing that all of your money is going toward improving your credit rather than getting tied up in extraneous fees.
A prepaid business card can be a good alternative for small business owners with limited- or no credit history, or a poor personal credit score. A prepaid card is not a credit card, so it can’t be used to build credit or to improve your credit score. But it can be a good way to get a handle on your business’s spending and see opportunities to save money. And that might help you qualify for a traditional business credit card down the road.
The Bento for Business Visa® Debit Card fits this need exactly. With Bento, you load money directly onto the card from your business bank account, and then you use the card as you need it. You can also get cards for employees if you want, too—Bento has great built-in employee spending controls to boot. Load more money onto the card anytime you or your employees need access to more money.
The application process for Bento is about five minutes, and entirely online. You don’t have to go through a credit check or need any credit history, either. Remember that although this card won’t build credit history, it’s definitely easy to get, and you can get multiples, too, for limited fees. You just have to provide your own line of “credit” to back the card’s spending power.
Don’t get us wrong—easy business credit cards to get approved for are amazing resources for business owners.
If you’re working with a personal credit score below 620, then these cards make it easy for you to access a credit line and an opportunity to spend responsibly in order to improve your credit.
That said, easy business credit cards to get approved for aren’t always the most lucrative for your business.
As such, it’s prudent to take steps for graduating from these easy business credit cards to get approved for into business credit cards with more perks.
Though perks that come with these business credit cards that are harder to qualify for—like 0% intro APR periods, high cash back rates, and travel rewards—might seem flashy and unnecessary, they ultimately mean more value that you can put back into investing in your business.
While you spend responsibly with one of these easy business credit cards to get approved for, you can get to thinking about how you’ll choose to earn for your spending when your credit improves enough to reach even higher returns for your business spending.