How do you check for business credit card pre-approval?

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.

The best pre-approved credit cards are really just the top cards that you can see if you pre-qualify for before actually submitting an application. And you can’t check to see if you pre-qualify for one card in particular, at least not directly. Rather, a credit card company will tell you which of its cards you’re pre-approved for. If that happens to include the card you’re targeting, you’ll know your odds of being approved are … read full answerextremely high, should you decide to apply. If your chosen card isn’t listed, there’s still a chance you could get approved, but it’s not a good sign.

Here are the best pre-approved credit cards:

• Cash Back: Citi® Double Cash Card – 18 month BT offer
• Travel Rewards: Capital One® Venture® Rewards Credit Card
• Initial Bonus: Chase Sapphire Preferred® Card
• Balance Transfers: Citi Simplicity® Card - No Late Fees Ever
• 0% Purchases: The Amex EveryDay® Credit Card from American Express
• Fair Credit: Capital One® Platinum Credit Card
• Students: Bank of America® Travel Rewards credit card for Students
• Bad Credit: Discover it® Secured Card - No Annual Fee

Take note, however, that only some credit card companies allow people to check which, if any, cards they’re approved for.

These credit card companies let you check for pre-approval:

• American Express
• Bank of America
• Capital One
• Chase
• Citi
• Discover

Checking for pre-approval is definitely a good idea. It lets you gauge your chances of success before risking a hard pull on your credit. And the better your credit is, the better the credit cards you pre-qualify for will be, too. Your odds of actually getting approved when you apply will also be higher.

That’s where WalletHub’s free daily credit scores and personalized credit analysis can help. You’ll always know exactly where your credit stands and what you need to do to improve it.

It is easier to track expenses and prove that you had an expense.

Craig W. Smalley, E.A.

Admitted to Practice Before the Internal Revenue Service