Business Credit Cards That Offer Pre-Approval Or Pre-Qualification For March 2024 – Forbes Advisor – Technologist

The Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express (Terms apply, see rates & fees) allows small businesses to earn Membership Rewards points at a generous rate without paying an annual fee. Plus, American Express is known for providing same-day decisions to well-qualified applicants.

Rewards: 2 Membership Rewards points per dollar on everyday business purchases such as office supplies or client dinners up to the first $50,000 in purchases per year, then 1 point per dollar on all other purchases
Welcome Offer: 15,000 Membership Rewards points after spending $3,000 in purchases in the first 3 months of account opening
Annual Fee: No annual fee

Other Benefits and Drawbacks: If you want a business card quickly, this can be a good option since Amex can provide expedited shipping and virtual card access for a fast turnaround. Another major benefit of the card is its introductory APR offer: 0% intro APR on purchases for 12 months from the date of account opening, then a variable rate of 18.49% – 26.49% applies. There’s one downside, though. Your earning rates decrease after the first $50,000 spent annually.

Ink Business Premier® Credit Card

The welcome bonus being offered by the Ink Business Premier® Credit Card is huge and cash-back earnings are high. Plus, Chase is a big name in the industry, which means you may already have a banking account or personal card that you can leverage toward preapproval.

Rewards: 5% cash back on travel purchased through Chase Travel℠, 2.5% cash back on purchases of $5,000 or more and 2% cash back on all other purchases
Welcome Offer: $1,000 cash back after spending $10,000 on purchases in the first 3 months from account opening
Annual Fee: $195

Other Benefits and Drawbacks: Keep in mind that this is a cash-back card and not one that earns fully-fledged Chase Ultimate Rewards®, though that might be fine for your business.

Capital One® Spark® Classic for Business*

You’re not out of luck if you don’t have excellent credit. The Capital One® Spark® Classic for Business* considers applications from anyone with fair credit or better, which might mean you qualify for preapproval.

Rewards: 1% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel
Welcome Offer: This card does not offer a welcome bonus
Annual Fee: $0

Other Benefits and Drawbacks: The rewards are decent for a card with less stringent approval requirements and no annual fee. Use this as your opportunity to secure credit while rebuilding your score: Capital One has many credit cards with better rewards and benefits your business could transition to later.

Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card*

Choosing a secured credit card is one way to improve your approval odds. Since the Bank of America® Business Advantage Unlimited Cash Rewards Secured credit card* is secured with a cash deposit of at least $1,000, a business with readily-available assets may be able to get the card quickly.

Rewards: 1.5% cash back on all purchases
Welcome Offer: The card does not offer a welcome bonus
Annual Fee: $0

Other Benefits and Drawbacks: By definition, secured cards are better for convenience and building credit than for accessing financing. But, if that’s a trade-off you’re okay with, this card can be a good option. The solid earnings rate is also a big plus for businesses who want to earn cash back.