Business Credit Cards

The best Chase business credit card is the Chase Ink Business Preferred card because it offers a bonus worth $1,000 for spending $5,000 in the first 3 months. Ink Business Preferred also gives 3 points per $1 spent on travel and select business purchases, plus 1 point per $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 $500 bonus for spending $3,000 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.

Just about all business credit cards allow instant approval, at least if you apply online. But even though an instant decision is likely, it’s not guaranteed. The credit card company may take more time to decide whether an applicant meets their requirements. Or they may have trouble verifying the information on the application right away if there’s something incorrect or outdated.

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. Secured business credit cards for bad credit will provide the highest odds of instant approval.

Here are the best instant approval business credit cards:

• The Blue Business® Plus Credit Card from American Express
• Wells Fargo Business Secured Credit Card
• Capital One® Spark® Classic for Business
• Capital One® Spark® Cash for Business
• Ink Business Unlimited℠ Credit Card

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 prepaid business credit card is the Wells Fargo Business Secured credit card, thanks to its 1.5% cash back rewards rate and $25 annual fee. However, “prepaid business credit card” is actually a misleading term. Technically, there is no such thing. There are business credit cards, business debit cards, and business prepaid cards, but those are all separate and fulfill different needs. A secured business credit card is the closest thing you’ll find because your spending limit equals the amount of the refundable security deposit you have to place, which means you’re basically pre-paying for your purchases.

Business credit cards require a credit check when you apply, may allow you to borrow money, and will relay account information to your personal credit reports. As with credit cards for personal use, secured cards offer the highest approval odds for applicants with bad credit.

Business debit cards won’t help you build credit and can’t be used to finance purchases, but they do allow business owners and employees with the necessary permissions to access money in a business checking account. Business debit cards can be used to make purchases at the point of sale or for ATM withdrawals.

Business prepaid cards are like debit cards for business but without the checking account. On top of that, not all business prepaid cards can be used at ATMs, so they are primarily for employee purchases. Many of the best business prepaid cards allow you to add multiple cards on the same account without any extra fees.

If a business prepaid card sounds like what you need, you should check out the Bento for Business Visa. It has some of the lowest fees and a tiered pricing structure. So as you add more cards to the account, the cost-per-card goes down. The Bento for Business Visa also has special features, like the option to set spending restrictions by the day or by the category.

I feel American Express is, I got the card with a 2000. Line of credit with a credit score of 641. I revieved a letter in tge mail to apply.. The balance transfer is awesome 

A Barclays business credit card is best for frequent business travelers. That’s because all three Barclays business cards offered in the U.S. are co-branded with a specific airline. You can choose from American Airlines, Hawaiian Airlines and JetBlue, as of February 2019.

Here are the best Barclays business credit cards:

• American Airlines AAdvantage® Aviator™ Business Credit Card
• Hawaiian Airlines Credit Card
• JetBlue Business Credit Card

If you want maximum travel rewards but don’t want to be tied to a single airline, consider a general-purpose travel rewards card. Some allow you to redeem points or miles for statement credits toward any travel purchase, and you’ll have more choices when booking flights.