Secured business credit cards for bad credit provide the highest odds of instant approval. Most business credit cards actually offer the possibility of instant approval if you apply online, but instant approval is not guaranteed. The issuer of the business credit card may need more time to decide whether an applicant meets their requirements or to simply verify information from the application.
In order to get the best chances of instant approval for a business credit card, your personal credit score should exceed the minimum requirements of the card you apply for. The higher your income, the better your chances are, too.
Getting instant approval on business credit cards is not unusual if you apply online. But you shouldn’t expect to receive it, as in some cases approval might take a few weeks. After approval, delivery of a card usually takes 7-10 business days, but many issuers allow you to expedite either for free or for a fee.
The best instant approval business credit card is The Blue Business® Plus Credit Card from American Express because it offers 2 points / $1 on the first $50,000 spent per year (1 point / $1 on all other purchases). It also has an introductory APR of 0% for 12 months on purchases. Not only is it possible to get an instant decision on a Blue Business Plus application when applying online, but Amex may also give out your card details instantly. That means you could use the account for online or phone purchases before the card arrives.
If Amex gives you this information after approval, there’s only a limited amount of time to write it down. Amex won’t give the info out again before the card arrives. The one other drawback is that getting this card requires at least good personal credit.
Another good choice that’s open to even business owners with limited credit is Capital One® Spark® Classic for Business. It offers 1% cash back on all purchases and has a $0 annual fee. If you already have an existing Capital One credit card account, you may be able to view your new account’s info immediately through the Capital One app. That’s not guaranteed, though.
The easiest business credit cards to get require fair or bad credit. 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.
Here are some good easy approval business credit cards:
You’ll earn $50 statement credit after spending $150 in the first 45 days. You’ll also get 5% back in Staples credit for each purchase. There’s a $0 annual fee. This card offers an intro APR of 0% for 6 to 18 months on purchases. Your regular APR will be 14.99% - 23.99%, depending on credit worthiness.
You’ll get 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services. There’s an annual fee of $75 intro 1st yr, $99 after and the APR is 23.99% (V).
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 easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.
Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So, if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.
The best credit card for instant approval and use is the Blue Cash Everyday® Card from American Express. Applicants who get approved instantly for this credit card when they apply online will be able to get the card number immediately and start using the card to make purchases just a few minutes after they’ve applied.… read full answer
Specifically, you’ll have a short period of time to write down your card information once you’re approved for this credit card. People who miss this window of opportunity will need to wait until they get the card in the mail.
The Amex Blue Cash Everyday card offers solid ongoing rewards of 20% cash back on Amazon.com purchases for the first 6 months (up to $150 back), 3% cash back at U.S. supermarkets (up to $6,000 spent per year), 2% back at U.S. gas stations and select U.S. department stores, and 1% back on all other purchases, earned as statement credits. It also has a $0 annual fee and requires a minimum of good credit for approval.
Best Instant Credit Cards for Approval and Use
Blue Cash Everyday® Card from American Express: Best Overall
The Platinum Card® from American Express: Best for Luxury Perks
Blue Cash Preferred® Card from American Express: Best for Cash Back
American Express® Gold Card: Best for Dining Purchases
JetBlue Card: Best for No Annual Fee
Southwest Rapid Rewards® Plus Credit Card: Best Airline Card
Instant approval is always possible when you apply for a credit card online or in person, but instant use is rare. Some credit card issuers don’t offer any instant use credit cards. Others have only a few. Each issuer has their own restrictions for when you can get instant use, too.
Standard shipping time for new cards is 7-10 business days.
If you’re not able to get a credit card number for immediate use, don’t worry. Credit cards usually only take 7-10 business days to arrive after you’re approved. And many credit card companies provide expedited delivery for a small fee, or sometimes even for free.
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