If you own a business and need instant funding for your operations, you have two options to get access to the amount of cash you need: Request for a credit limit increase or apply for a new credit card.
While both options are great, a new credit card is oftentimes the better choice since you’ll get a fresh credit limit that’s higher compared to when requesting a credit limit increase.
So, if you’re looking to get your hands on some instant cash, here are some of the best instant approval business credit cards you can sign up for. We’ve included a variety of cards so you have several options to choose from.
Best Instant Approval Business Card: American Express Blue Business Cash™ Card
Best for Office-based Businesses: Ink Business Cash® Credit Card
Best for Unlimited Cashback: Capital One Spark Cash Plus
1. American Express Blue Business Cash™ Card
Best Instant Approval Business Card
- Earn a $250 Statement Credit After $3,000 in Eligible Purchases in the First 3 Months
- 2% Cash Back On Up to $50,000 Per Year (1% Thereafter)
- 0% Intro APR on Purchases for 12 Months. After that, a variable rate of 17.99% – 25.99% applies.
- No Annual Fee (Rates and Fees)
The American Express Blue Business Cash™ Card offers simple, straightforward rewards for no annual cost.
This zero-annual-fee card earns a flat 2% cashback rate on all qualifying purchases up to $50,000 each year (1% thereafter).
The Blue Business Cash also offers expanded buying power, giving your business the flexibility to spend above your credit limit for your business expenses.
2. Blue Business® Plus Credit Card from American Express
Runner-up for Best Instant Approval Business Card
- Earn 15,000 Membership Rewards Points for $3,000 in Eligible Purchases in the First 3 Months
- 2 Points Per Dollar on the First $50,000 in Purchases Each Calendar Year (1x Points thereafter)
- 0.0% Intro APR on purchases for the first 12 months. After that, a variable APR of 17.99% – 25.99%.
- No Annual Fee (Rates and Fees)
The Blue Business® Plus Credit Card from American Express is one of my favorite cards because it has no annual fee and earns 2x Membership Rewards points on the first $50,000 in purchases every year. After that, you will earn 1 point on all other eligible purchases.
You can transfer Membership Rewards to 18 airlines and three hotel points programs, with several great sweet spots to travel in business class to anywhere in the world.
I put all of my everyday business spending on my Blue Business Plus because it is a quick way to rack up points for my next trip.
The Blue Business Plus card has similar features to the Blue Business Cash. The only difference is that the former earns Membership Rewards points instead of cashback.
Both cards are actually interchangeable on this list. It’s just a matter of what you prioritize earning the most – points or cashback.
3. Ink Business Cash® Credit Card
Best for Office-based Businesses
- Earn a $750 Cash Welcome Bonus After Spending $6,000 in the First 3 Months.
- 5% Cash Back at Office Supply Stores, Internet, Cable, and Phone Services up to $25,000 Each Account Year
- 2% Cash Back at Gas Stations and Restaurants Up to $25,000 Each Account Year
- Primary Rental Car Insurance
- Purchase Protection and Extended Warranty
- No Annual Fee
The no-annual-fee Ink Business Cash® Credit Card currently offers a $750 cash-back bonus when you spend $6,000 in purchases in the first 3 months.
Plus, the Ink Business Cash earns:
- 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year.
- 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
- 1% cash back on all other purchases.
The card also offers nice benefits such as primary rental car insurance (when renting for business purposes), 120-day purchase protection, and extended warranty protection.
4. Capital One Spark Miles for Business
Best for Unlimited Miles
- Earn 50,000 Bonus Miles After Spending $4,500 in the First 3 Months
- Unlimited 5X miles on hotels and rental cars booked through Capital One Travel
- 2x Miles On Every Purchase
- Global Entry or TSA PreCheck Credit
- No Foreign Transaction Fees
- $0 Intro Annual Fee for the First Year, $95 Thereafter
- Free employee cards which also earn unlimited 2X miles from their purchases
The Capital One Spark Miles for Business is one of the top travel rewards credit cards for small business owners.
The card earns unlimited 5X miles on hotels and rental cars booked through Capital One Travel. It also earns unlimited 2 miles per dollar on all purchases, which can be transferred to Capital One’s airline and hotel partners.
The Spark Miles also offers a statement credit for your Global Entry or TSA PreCheck application fee every four years (up to $100) and no foreign transaction fees.
5. Costco Anywhere Visa® Business Card by Citi
Best for Gas Stations
- 4% Cash Back on Eligible Gas and EV Charging for the First $7,000 Per Year, 1% Thereafter
- 3% Cash Back on Restaurants and Travel
- 2% Cash Back at Costco and Costco.com
- No Foreign Transaction Fees
- No Annual Fee
The Costco Anywhere Visa® Business Card by Citi is a no-annual-fee card that earns 4% cash back on gas up to $7,000 per year (then 1%), 3% cash back at restaurants and eligible travel purchases, and 2% cash back at Costco.
The Costco card also offers purchase protection and no foreign transaction fees.
For rates and fees of the American Express Blue Business Cash™ Card, please click here.
For rates and fees of The Blue Business Plus® Credit Card from American Express, please click here.
