When starting a new business or managing a small enterprise, access to credit can be crucial. Business credit cards offer a convenient way to manage expenses, earn rewards, and build credit history. However, obtaining a business credit card can sometimes be challenging, especially for new businesses or those with limited credit history. Understanding which business credit cards are easier to get can help entrepreneurs make informed decisions.
What business credit card is easy to get? One of the business credit cards that is often considered easier to obtain is the Capital One Spark Classic for Business. This card is designed for business owners with fair credit, typically defined as a credit score of around 580-669. The Capital One Spark Classic for Business does not require an excellent credit score, making it accessible for many small business owners. Additionally, it offers benefits such as 1% cash back on all purchases and no annual fee, which can be attractive for businesses looking to manage their finances effectively.
Benefits of the Capital One Spark Classic for Business
The Capital One Spark Classic for Business provides several benefits that can be advantageous for small business owners. Firstly, the card offers unlimited 1% cash back on every purchase, which can help businesses save money on their everyday expenses. Additionally, there is no annual fee, making it a cost-effective option for businesses looking to avoid extra charges. Furthermore, cardholders can access free employee cards, which can help streamline expense management and track spending within the company.
Another significant benefit of the Capital One Spark Classic for Business is the ability to build business credit. By using the card responsibly and making timely payments, business owners can improve their credit score over time. This can open up more opportunities for financing and better terms on future credit products. The card also provides fraud coverage and purchase protection, adding an extra layer of security for business transactions.
Other Easy-to-Get Business Credit Cards
Besides the Capital One Spark Classic for Business, there are other business credit cards that are relatively easier to obtain. The American Express Blue Business Cash Card is another option for business owners with fair to good credit. This card offers 2% cash back on eligible purchases up to $50,000 per calendar year and 1% thereafter. It also has no annual fee and provides various business management tools, making it a practical choice for small businesses.
The Chase Ink Business Cash Credit Card is also worth considering. This card requires good credit but is known for its generous rewards program, offering 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. It also provides 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, and 1% on all other purchases. There is no annual fee, and the card offers various business benefits, including purchase protection and extended warranty coverage.
In conclusion, obtaining a business credit card can be easier with options like the Capital One Spark Classic for Business, American Express Blue Business Cash Card, and Chase Ink Business Cash Credit Card. These cards offer various benefits, including cash back rewards, no annual fees, and opportunities to build business credit. By choosing the right card and using it responsibly, business owners can effectively manage their expenses and improve their financial standing.