Instant Approval Business Credit Cards: We Compare 9!

There are now several business credit cards you can apply for with fast approval, offering limits of up to £150,000 and more. While a handful of them have quick application processes, there are no truly instant approval business credit cards on the market today. Some can provide you with a card that you can start making company purchases with in as little as 24 hours.

In this article, we’ll be comparing 9 fast approval business credit cards in the UK and the US:

Need a quick decision? Apply for the Jeeves Business Credit Card today and receive a response in as little as 24 hours. 

(Not based in the UK or US? Not a problem – we offer business credit cards to Canada, Germany, Mexico and many other countries. Learn more and apply now!)

The Jeeves’ instant approval business credit card (for US, UK and 23+ countries)

We designed Jeeves to be the complete card payment and expense management solution for companies that need cash to grow faster.

With over 4,000 client companies in 25+ countries, Jeeves provides you with zero-interest 30 day credit window and up to 2% cashback on all your transactions. You also pay no annual fees, user fees or transaction fees.

Jeeves’ pros:

  • 24-hour application turnaround
  • £0 annual fee
  • 0% interest charge (as long as you pay back the credit every 30 days)
  • Up to 2% cashback on all transactions
  • 30-day credit window
  • No cost for additional company cards
  • Physical company credit cards for employees
  • Virtual business credit cards
  • Free global expense management software
  • Set spending limits on employee cards
  • Integration with Xero and QuickBooks
  • Domestic and international business-to-business payment service

Here are some of the benefits of using fast-approval Jeeves company credit cards:

Built for SMEs and startups that want to scale quickly (and globally)

Jeeves is your partner for growth. As founders, we appreciate from personal experience the frustrations of business owners under pressure to find additional funding fast.

We understand that you don’t always want to go to investors; they’ll want even more shares in return.

Not all suppliers and lenders offer credit, and getting a substantial increase in your credit limit from those who do is tough if you don’t have years of completed accounts.

Instead, we just need to run a quick check on the financial health of your company before we can approve your application. We usually ask for proof of external investment or that you’re breakeven or profitable — you won’t need to submit several years of credit history.

Fast application turnaround

We aim to give you an answer within just 24 hours when you apply for a Jeeves card online. (We also make the sign-up process quick, so you can apply in just 5 minutes.) 

If we need more information to work out the right level of funding for you, we’ll get in touch.

Immediate activation: Make purchases straight away

You’ll be able to make business expenses with your virtual Jeeves cards straight away after we approve your application – your approval and account opening are instantaneous.

Like physical cards, virtual cards have their own number, expiry date, and PIN. Many clients use virtual cards to make specific types of purchases – for example, they have a virtual card to book advertising on Google or Amazon. Virtual cards are accepted just as widely as standard credit cards on B2B purchases.  

You can set up as many virtual cards on the Jeeves dashboard as you want and order physical card, which will arrive in just 3-4 working days.

jeeves physical and virtual card

Unlimited cards for your employees

You can ask us to send physical cards out for your employees and contractors when you apply.

With Jeeves, you can set limits on each cardholder and monitor their spending online from day one. Are your employees currently using their own cards and asking for reimbursements? If so, giving them their own credit card that you just need to pay off in one go will make things a lot easier.

Jeeves spending limits

Instant cash flow

Jeeves cards are credit cards. They are not prepaid cards or debit cards.

With a prepaid card, you need to load money on your card before you can purchase anything with it. With a debit card, you need the money in your business bank account.

With Jeeves, you’ll have one of the best cash flow credit cards. You can keep your cash in your bank and use the Jeeves card to spend and grow more quickly. Not just that, but instead of topping up 10+ prepaid cards for each employee, you just need to make one payment at the end of the month.

Jeeves transactions and spend management dashboard

30 days’ interest-free payment window

Most business credit card APRs are around 25%, with some going as high as 97%. With Jeeves, you get a 30-day interest free payment window on all your transactions.

Those 30 days can make a big difference if you’re growing quickly – that’s where you’ll be able to pay for ads, order stock and generate the cash needed to settle the balance before the 30 days are up.

Up to 2% cashback

Many providers give cashback on purchases made by card. We pay the cashback you’ve built up directly into your business bank account once a month and it can make a significant difference to a growing company.

But Jeeves isn’t just a credit card providing cash back. You’ll also have extra benefits, such as free access to over 1,300 airport lounges globally, along with $100,000 worth of perks in the form of instant discounts or credits. 

jeeves benefits and perks

Further funding available

Wouldn’t it be useful to tap into future income to expand faster? As a Jeeves’ customer, you can apply for Jeeves Capital, our business financing product offering growth and working capital in addition to your card’s credit limit.

We won’t ask you for shares, covenants or warrants either.

Business-to-business payments with Jeeves Pay

Once you become a Jeeves client, you’ll also have instant access to Jeeves Pay, our credit-backed business-to-business (B2B) payment service. With Jeeves Pay, you can pay your vendors and suppliers who usually don’t accept credit cards with your Jeeves credit. 

You can make payment on domestic or overseas invoices in just a few clicks in over 140 different currencies. Depending on the invoice destination, your transfer can arrive instantly or within 3 business days. Learn more about Jeeves Pay.

We know that Jeeves might not fit everyone’s business needs, which is why it’s worth mentioning other instant-approval business credit card issuers. Here are other credit card companies that may be worth a look if you’re a small business, medium-sized company, enterprise level or startup in the US or UK.

Best instant-approval business credit cards UK comparison chart

instant-approval business credit cards UK comparison chart

Best instant approval business credit cards UK

Capital on Tap Business Credit Card

Capital on Tap is a small business credit card used by companies in North America and Europe, offering rates from 13% APR. Here are their UK features. 

Features:

  • Fast credit card application
  • Approval decision possible in 5 minutes
  • 56-day interest-free period (including non-sterling)
  • 1% cashback
  • 0% currency conversion
  • Virtual cards available
  • Physical cards arrive within two working days
  • Unlimited cards for employees
  • App included
  • Up to £150,000 in credit
  • Interest rates start from 13% (variable rate)
  • 49.885% interest on ATM withdrawals

The company can offer a fast decision based on your creditworthiness, and you can issue virtual cards to start purchasing immediately. Your application doesn’t affect your credit score.

Capital on Tap Business Rewards Card

Offering many of the same features as the standard Capital on Tap card, the Business Rewards card gives account holders the chance to build up Avios (formerly Air Miles) points.

Features:

  • Rates from 13% APR (variable rate)
  • 1% cashback or in Avios fees
  • No ATM charges
  • 56-day interest-free payments
  • Virtual cards available
  • Physical cards arrive within 2 business days
  • Integration with major accounting software
  • Approval decision possible within 5 minutes
  • Unlimited cards for employees
  • 0% FX fees
  • App included
  • £99 annual fee

Interest rates are competitive and you can build up 10,000 Avios points by spending £5,000 on your card within the first three months.

Barclaycard Business Select Cashback Card

The Barclaycard’s Business Select Cashback card is the bank’s entry-level credit card product for small and medium business clients.

Features:

  • No annual fee
  • 56-day interest-free period
  • 1% cashback on your purchases
  • Available for businesses with a turnover range of £10,000 and £6.5m
  • Apply for additional cards for employees
  • 21.9% interest rate
  • 27.9% interest on cash advances
  • 3% currency conversion (subject to £3 minimum)
  • No virtual card option

Account holders have access to a wide range of benefits under the Barclays Business Rewards program, like discounts on a range of products and services based on eligible purchases.

American Express British Airways Accelerating Card

Designed for businesses using British Airways to take their staff around the world, the American Express Accelerating card offers 30,000 Avios points if you spend £5,000 in your first three months as a sign-up bonus.

Features:

  • Online account application
  • Earn Avios points on card expenditure
  • 24/7 customer service
  • Mobile/online account management
  • First year free, then £250 annual fee
  • 101.5% APR variable
  • 29.8% cash advance compound rate (26.49% simple rate)
  • 56-day interest-free period
  • 24.8% interest rate (variable)
  • 2.99% FX charge
  • No virtual cards

Avios points are earned on every transaction with an additional 10,000 points awarded for every £20,000 spent on the card. Companies can apply for up to 99 additional cards for their employees.

Best instant approval business credit cards US comparison chart

instant approval business credit cards US comparison chart

Best instant approval business credit cards US

Capital One® Spark 1% Classic for Business

It takes about 10 minutes to apply for the Capital One Spark Classic Card for Business. You can get a response in less than a minute. You’ll need to have all your business information ready, such as the business owners’ personal details (i.e., each owner’s social security number, address, etc.) and your legal business details. You’ll also need a fair credit rating to qualify.

Features:

  • 1% cashback on purchases
  • 5% cashback on travel-related expenditure booked via Capital One Travel
  • $0 annual fee
  • 28.49% purchase rate
  • 28.49% variable APR 
  • Virtual card numbers available
  • Download purchase information to QuickBooks, Quicken and Excel
  • Monthly billing cycle

As long as you handle your card responsibly, Capital One Spark 1% Classic Card promotes itself as a card designed for new and small businesses that want to build business credit. Payments need to be over $15 or 1% of your balance (including additional fees). 

Capital One® Spark 2% Cash Plus

As with the Capital One Spark 1%, the Spark 2% also has fast application turnaround times. The difference with the Spark 2% is that you’ll need to have an excellent credit rating to have a chance of qualifying. 

Features:

  • 2% cashback on all purchases
  • 5% cashback on travel-related expenditure made via Capital One Travel
  • $1,000 sign-up bonus (in your first 3 months, earn $500 on minimum spend of $5,000, and an additional $500 on minimum spend of $50,000 in your first 6 months)
  • No APR (as long as you pay your balance in full every month)
  • $200 annual cash bonus on a minimum spend of $200,000
  • Virtual card numbers available
  • Download purchase information to QuickBooks, Quicken and Excel
  • Monthly billing cycle

Capital One Spark 2% Cash Plus offers a higher rewards rate than the Spark 1% card and you’ll need to pay your balance in full every month to avoid incurring additional fees. 

Chase Ink Business Preferred® Credit Card

You can apply for the Chase Ink Business Preferred Credit Card directly online and get a near instant approval if you have a good-to-excellent credit score. 

Features:

  • 19.74%-24.74% variable APR
  • 100,000 bonus points (after a minimum spend of $15,000 in your first 3 months) equivalent to $1,000 cash back or $1,250 in travel rewards (which you can only redeem via Chase Ultimate Rewards®).
  • 3X points on select business purchases
  • 19.74%–24.74% variable APR
  • $95 annual fee
  • $0 FX fee
  • Cash advance and balance transfer fee is $15 or 5% of the transaction value (whichever is greater)
  • Visa card
  • Free employee cards

With Chase Ink Business Preferred card, you can transfer your points to travel programs, convert them into cashback, or redeem them on select purchases.

American Express Blue Business Cash™ Card

You can get a near-instant approval on an Amex Blue Business Cash Card in less than a minute, depending on your creditworthiness and other financial factors. Your line of credit depends on your credit standing. 

Features:

  • 0.0% introductory APR for first year
  • 16.99% - 24.99% variable rate APR after the first 12 months
  • $250 statement credit on a minimum spend of $3,000 in your first 3 months
  • 2% cashback on select purchases (on your first $50k per annum) 
  • 1% cashback on select purchases (after the first $50k per annum)
  • $0 annual fee
  • 2.7% foreign transaction fee (after conversion to USD)
  • Transactions automatically sync with QuickBooks
  • No monthly fee on Vendor Pay by Bill.com for the first user 

The Amex Express Blue Business Cash credit card offers a free intro APR and generous cashback rewards, which you can apply as credit to your card statements. 

Best business credit cards to get approved for in as little as 24 hours

If you need to get a credit card in a hurry, there are plenty of options available to you. We hope that you’ve found an option that’s right for your business from our selection of fast, if not instant approval, business credit cards.

At Jeeves, we’ve built our credit card around a quick decision to give you access to the credit you need as quickly as possible.

Sources:

  • https://www.capitalone.com/small-business/credit-cards/spark-classic/
  • https://www.capitalone.com/small-business/credit-cards/spark-cash-plus/
  • https://creditcards.chase.com/business-credit-cards/ink/business-preferred
  • https://sites.chase.com/services/creatives/pricingandterms.html/content/dam/pricingandterms/LGC51692.html
  • https://wallethub.com/answers/cc/american-express-blue-business-plus-card-cash-advance-2140774179/#:~:text=The%20American%20Express%20cash%20advance%20fee%20is%205%25%20(min%20%2410,per%20transaction%2C%20whichever%20is%20higher
  • https://www.americanexpress.com/en-us/business/credit-cards/blue-business-cash/
  • https://www.americanexpress.com/us/credit-cards/card-application/apply/prospect/terms/bluebusinesscash-credit-card/45094-9-0?key=tncBody&rwdFlag=rwd
  • https://www.americanexpress.com/us/credit-cards/card-application/apply/prospect/terms/bluebusinesscash-credit-card/45094-9-0?key=tncBody&rwdFlag=rwd#offer-terms
  • https://www.americanexpress.com/content/dam/amex/en-us/company/legal/cardmember-agreements/public-site-2022-q3-pdf-cmas/gcs-small-business/blue-business-cash-09-30-2022.pdf‍
  • https://www.finder.com/uk/capital-on-tap-business-credit-cardhttps://www.finder.com/uk/barclaycard-business-select-cashback-credit-cardhttps://www.capitalontap.com/en/business-credit-cards/avios/https://www.finder.com/uk/british-airways-american-express-accelerating-business-card