Best Instant Approval Business Credit Cards

Brex’s pioneering corporate charge card features a rewards package aimed at fast-moving startups with perks such as bonus points for ridesharing and savings on business-oriented services like Slack and Amazon Web Services.

Here are the rewards rates you’ll unlock with daily payments (1x less in each category with monthly repayments):

• Earn 8x points on rideshares
• 5x points on Brex Travel
• 4x on restaurants
• 3x on software
• 1x on everything else when you make daily repayments

To be eligible to earn rewards at the highest rates, you must make Brex your exclusive corporate card and sign up for automatic daily repayments.

You’ll also get exclusive signup offers worth $180,000+ from QuickBooks, Apple, UPS, AWS, and other Brex partners, on top of Brex’s impressive spend management and employee control features

Brex’s standard plan carries no fees whatsoever — no monthly or annual fees, no late fees, no foreign transaction fees. Because it is a charge card that doesn’t let you carry a balance month-to-month, there’s no interest charged either.

However, you can upgrade to one of Brex’s two paid plans: Brex Plus which gives you advanced admin and integration features for $12/month per user, or Brex Enterprise which has custom quote pricing.

Brex is only open to C-corp, S-corp, LLC, & LLP companies and startups.

As for other requirements, they differ depending on whether you’re applying for a card with daily repayments vs monthly repayments.

Brex cards with daily repayments require your business to meet at least one (not all) of the following criteria:

• You’ve received an equity investment (any amount) from an accelerator, angel investor, or VC, or you plan to in the near future
• Your business earns $1 million/year or more in revenue
• Your business has 50+ employees
• Tech startups may still be eligible if they are on a path to meeting one of the above criteria and are referred by an existing Brex customer or partner

To qualify for monthly repayments, the requirements are steeper.

The Ramp corporate charge card offers some nice rewards and is ideal if your business spending is varied and not concentrated on travel or rideshares. Here’s what you’ll get:

• Up to 1.5% cash back on your business’s total spend
• “Pricing intelligence” that helps you reduce spending
• Access $350,000+ in partner rewards with Amazon Web Services, QuickBooks, Stripe, and many others
• Automated accounts payable tool
• Mobile receipt capture via the iOS/Android app

Ramp also states that it offers 20x higher credit limits than traditional business cards due to the company’s precision underwriting.

You can use Ramp without paying any common credit card fees. No interest (since it’s a charge card), no late fees, no foreign transaction fees, etc.

Fees only come into play under two optional scenarios. Ordinarily, you can’t carry a balance month-to-month, but with Ramp Flex (still in beta), you have the option to delay paying for a purchase for 30, 60, or 90 days. Percentage fees for financing are determined on a business-by-business basis, and all finance charges must be paid when the purchase is made.

As for monthly fees, there are none under Ramp’s standard plan. However, if you want more advanced features and a higher degree of customization, integrations, and international support, you can enroll in Ramp Plus, which costs $12/user/month and is billed annually.

For the highest level of features, customization, and support, there’s Ramp Enterprise, pricing for which is quote-based.

Though you won’t have to pass a credit check, Ramp does have some additional requirements:

• Must have $25K+ in the bank
• Must be a corporation, LLC, or LP registered in the US
• Must have most of your operations and corporate spending in the US

Applicants without a Social Security Number (SSN) can still be approved for the Ramp card. In place of an SSN, you can instead provide a copy of your foreign passport and documentation to prove your address.

Here’s what you’ll get with the Amex Blue Business Plus card:

• 0% intro APR for 12 months
• Earn 2x points on your first $50K/year in spending on business purchases (1x points on spending above $50K/year)
• Spend above your credit limit with Expanded Buying Power
• Earn 30,000 points after you spend $3,000 in your first 3 months (which is double the number of welcome bonus points since our last update of this post)

With Blue Business Plus, your points can be used to book travel via Amex Travel, make online purchases, buy gift cards, and more.

• Annual fee: None
• APR: 0% for your first 12 months; 18.49% to 26.49% variable thereafter
• Late payment fee: Up to $39
• Foreign transaction fee: 2.7%

Amex doesn’t publish a minimum credit score for this card, but you will generally need good to excellent credit to qualify.

The Capital One Spark Cash Plus card’s cash-back program is truly exceptional:

• Unlimited 2% cash back on all purchases
• Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
• Earn a $1,200 cash bonus when you spend $30,000 in your first 3 months
• Get your $150 annual fee waived when you spend $150,000+/year

What’s more, the 5% cash back you’ll earn on travel booked through Capital One’s travel portal makes this card very attractive for businesses with significant travel needs.

• Annual fee: $150 (waived when you spend $150K+/year)
• APR: None (this is a charge card)
• Late payment fee: 2.99% of the unpaid portion of your minimum payment
• Foreign transaction fee: None

One of this card’s main drawbacks is that you’ll need excellent credit to qualify.

Like Capital One’s other “excellent credit” business credit card on this list, the Spark 1.5X Miles Select offers some tantalizing perks for qualifying applicants.

• Unlimited 1.5x miles on all purchases
• Unlimited 5x miles on hotels and rental cars booked through Capital One Travel
• Earn 50,000 bonus miles after you spend $4,500 in the first 3 months

• Annual fee: None
• APR: 18.49% – 24.49%, variable
• Late payment fee: Up to $39
• Foreign transaction fee: None

You must have excellent credit to qualify for the Spark 1.5X Miles Select business credit card.

The Capital One Spark 1% Classic is a solid business credit card that offers fast approval to business owners with at least fair (or average) credit. As such, its rewards scheme is quite simple: you’ll earn 1% cash back on all your purchases. As with other Capital One business credit cards, you’ll earn 5% cash back on rental cars and hotels booked through Capital One Travel. It’s a remarkable perk for a business credit card for fair credit users!

• Annual fee: None
• APR: 29.99%, variable
• Late payment fee: Up to $39
• Foreign transaction fee: None

Capital One specifically markets the Spark Classic card to users with fair credit. This card is a worthy option for business owners with a lackluster or young credit history, as making your payments on time will help build your credit and increase your odds of qualifying for a better business credit card in the future.

The Chase Ink Business Preferred card is an excellent business credit card from a rewards perspective.

• Earn 3X points on your first $150K/year in spending on travel, shipping, online advertising, and internet/cable/phone purchases (1X points on all other purchases)
• Points are worth 25% more when redeemed for travel through Chase’s travel portal
• Earn 100,000 bonus points after you spend $8,000 within your first 3 months, redeemable for $1,000 in cash back ($1,250 when redeemed for travel)

Chase lets you transfer your points on a 1:1 basis to an array of airline and hotel loyalty programs. You can also redeem points for Amazon purchases, gift cards, and cash back, making this an extremely versatile card.

• Annual fee: $95
• APR: 21.24% to 26.24%, variable
• Late payment fee: $40
• Foreign transaction fee: None

Chase doesn’t publish a minimum credit score to qualify for its Ink Business cards, but by all accounts, you’ll need good to excellent personal credit to qualify.

Previously, OpenSky Secured Visa card did not offer rewards for your spending. Now, the company’s website advertises up to 10% cashback but the terms and conditions page detailing these rewards was completely down at the time this post was written.

• Annual fee: $35
• APR: 25.64%, variable
• Late payment fee: Up to $40
• Foreign transaction fee: 3%

• No credit score requirements
• Requires a security deposit from $200 to $3,000 that establishes the amount of your credit line