Running a business comes with its very own set of challenges, and one of those is managing finances. Credit cards play a vital role in helping businesses build credit, cover expenses, and manage cash flows. But how do you find business credit cards that are easy to get approved for? Well, you've come to the right place! In this Flik Eco's ultimate guide, we'll go over some of the easiest business credit cards you can apply for, their benefits, and features that make them ideal for your business needs.
Easy Business Credit Cards To Get Approved For Table of Contents
1. Capital One Spark Classic for Business
2. Wells Fargo Business Secured Credit Card
1. Capital One Spark Classic for Business
Capital One Spark Classic for Business is a go-to business credit card for those looking for easy approval. With no annual fee, this card offers 1% cash back on every purchase, which can add up quickly for businesses with regular expenses.
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Key Features:
- No annual fee
- 1% cash back on every purchase
- Free employee cards
- Year-end spending summaries
- No foreign transaction fees
2. Wells Fargo Business Secured Credit Card
If your business is new or has limited credit history, the Wells Fargo Business Secured Credit Card is an excellent choice. This secured card requires a minimum deposit of $500, which serves as your credit line, and provides 1.5% cash back on all purchases.
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Key Features:
- $25 annual fee per card
- 1.5% cash back on every purchase
- Set credit limit with deposit
- Access to credit line becomes available after deposit
- Online access to track spending and manage cards
3. Blue Business Plus Credit Card from American Express
The Blue Business Plus Credit Card from American Express is an excellent choice for those looking for a no-annual-fee business credit card with easy approval. You'll earn 2x points on everyday business purchases (up to $50,000 per year) and 1x points thereafter.
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Key Features:
- No annual fee
- 2x points on everyday business purchases (up to $50,000 per year)
- 1x points on additional purchases
- Free additional employee cards
- 0% introductory APR for the first twelve months on purchases (variable APR after that)
4. Ink Business Unlimited Credit Card from Chase
The Ink Business Unlimited Credit Card from Chase is designed for business owners who want a simple rewards structure with easy approval. With this card, you will earn 1.5% cash back on all purchases made for your business.
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Key Features:
- No annual fee
- 1.5% cash back on all purchases
- Free employee cards
- 0% introductory APR for the first 12 months on purchases (variable APR after that)
- Cash back rewards do not expire as long as the account is open
Easy Business Credit Cards To Get Approved For Example:
Meet Alex, who has recently started a small e-commerce business. They are searching for a business credit card to help manage expenses, track spending, and earn rewards. After reading Flik Eco’s guide, Alex decides to apply for the Capital One Spark Classic for Business. They consider the easy approval, no annual fee, and 1% cash back on all purchases to be a perfect fit for their business needs. In just a few months, Alex has earned a significant amount of cash back, helping them reinvest in their growing business.
Congratulations! You're now equipped with the knowledge of some easy-to-get-approved-for business credit cards. Keep in mind that every business has unique needs, and the perfect credit card for one might not be ideal for another. Be sure to carefully analyze which card is best suited for your business goals and requirements. With the information provided in this guide, you're well on your way to finding the right credit card to help you grow and manage your business!
If you found this article helpful, don't forget to share it with your fellow entrepreneurs and explore more of Flik Eco's comprehensive guides on personal finance, investing, and more. Together, we can make better financial decisions for a brighter future!
