What is the best Chase business credit card?

Question

There are several easy approval business credit cards. That’s because the easiest business credit cards to get only require fair or bad credit. They include Capital One Spark Classic for Business, the Staples Business Credit Card, and the Wells Fargo Business Secured Credit Card. It’s also worth noting that while you must have a business to get one of these cards, your personal credit history matters a lot more than your company’s.… read full answer

Here are your options for easy approval business credit cards:

Limited Credit: Capital One Spark Classic for Business
You’ll get 1% cash back on all purchases. There’s no annual fee, and the purchase APR is 24.24%.

Fair Credit: Staples Business Credit Card
You’ll save $50 on a purchase of $150 or more made within 45 days of opening your account. You’ll also get 5% back in Staples credit for each purchase. There’s no annual fee. Your APR will be somewhere between 14.99% and 23.99%, depending on credit worthiness.

Bad Credit: Wells Fargo Business Secured Credit Card
You’ll get 1.5% cash back on purchases. The annual fee is $25. The minimum security deposit is $500. And the APR is 16.40%. The BBVA Compass Business Secured Card is another good option.

Personal Option: Discover it Secured Credit Card

You’ll get 2% cash back on the first $1,000 you spend at gas stations and restaurants each quarter. You’ll get 1% cash back on all other purchases. Discover matches the cash back you earn the first year. There’s no annual fee, the APR is 24.24%, and the minimum deposit is $200.

There are a few easy approval business credit cards, so you shouldn’t let limited or damaged credit prevent you from getting the card your business needs. And remember, if you pay your bills on time and keep your credit utilization ratio low, your credit should steadily improve over time.

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Answer 1 · 2020-10-15 03:36:27

Alex Johnson, Member

@nobarter 10/15/20 First posted on 12/19/18
Last reviewed on 10/15/20

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The best Chase business credit card is the Ink Business Preferred® Credit Card because it offers a bonus of 100,000 points for spending $15,000 in the first 3 months. Ink Business Preferred also gives 3 points / $1 spent on travel and select business purchases, plus 1 point / $1 on everything else. Preferred provides free employee cards, too. And it has a $0 foreign transaction fee. The annual fee is $95.

The Chase Ink Business Cash card offers the best ongoing cash back bonuses of any Chase business credit card. It has a $750 bonus for spending $7,500 in the first 3 months. And it gives 5% cash back on the first $25,000 spent per year at office supply stores and on internet/cable/phone services. Plus, it offers 2% back on the first $25,000 spent per year at gas stations and restaurants, along with 1% on everything else. There’s a $0 annual fee.

But if you want to earn rewards at a flat rate, Ink Business Unlimited comes out on top. It offers unlimited 1.5% cash back on all purchases. And it has a $0 annual fee.

Answer 2 · 2019-06-17 07:10:32

JAMIE THOMPSON, Retired Accountant

@ExTaxMan 06/17/19

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All Chase business credit cards offer employee cards at no additional cost.

Answer 3 · 2019-06-26 01:21:28

ROBERT SAMBRICK, FinTech entrepeuner

@robsam 06/26/19

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If you fly frequently for business, I would recommend the United Business card. It has a $0 foreign transaction fee, good rewards and $0 annual fee the first year. Cardholders also get free checked bags, priority boarding and limited United Club airport lounge access.

What is the best Chase business credit card?

Alex Johnson, Member

2020's Best Business Credit Cards

JAMIE THOMPSON, Retired Accountant

ROBERT SAMBRICK, FinTech entrepeuner

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