An instant business credit card approval may
be difficult for some companies to obtain, as most credit card
companies have a certain criteria before they approve business credit
cards. Instant approval when applying for a business credit card
usually takes less than 24 hours which provides businesses a very
convenient way to pay their bills and make purchases right away.
from the quick approval process and the convenience it brings, most
credit card companies offer cash rebates, huge discounts with their
partner establishments and generous repayment schemes to businesses who
sign up for their instant approval programs. The more the business
utilizes the credit card, the more incentives and benefits it receives.
business credit card approval applications can even be made in stores
and shops that your business frequently visits, such as an office
supply store or a business equipment retailer. Your purchaser or
business representative can use right away the credit card on the spot.
This is very helpful when you have limited capital or when expensive
equipment is badly needed.
are some tips on how to improve your company's chances of getting
instant business credit card approvals and how to spot the perfect
offer for your business.
1. Shop Around and Ask Questions
shopping around for instant business credit card offers, compare the
introductory interest rate to the card's regular interest rate. Do not
be misled by introductory rates, as it covers only a short period of
time. You can also ask about travel rewards, cash-back bonuses and
other forms of incentives. These incentives and reward points when
accumulated might be beneficial to your business.
card's credit limit and payment terms should also be clear to you
before you completely fill out the application form. Take the time to
read the fine print and look for limitations, restrictions and
unnecessary annual fees.
2. Have Your Business Registered
majority of credit card companies require businesses to submit proofs
of registration when applying for instant business credit card
approval. A business Employer Identification Number or EIN is often
asked for on application forms.
3. Prepare Your Business Checking Account
from the EIN, credit card companies will also require you to submit
proof of a business checking account. An established bank account with
good activity will surely increase your chances of having an instant
business credit card approved.
4. Prepare Your Business Financial Reports
financial reports, such as your credit ratings and history, should be
in good standing if you want to get instant business credit card
approval. You have to show the credit card company that you are fully
committed to your financial obligations and loan payments. Other
factors that can affect your instant business credit card application
are your business debts, credit worthiness and earning potential.
you have the necessary papers after following the tips above, getting
an instant business card approval will be easier. It can also help you
establish a stable credit score and rating, which can prove useful when
making large capital purchases or applying for business loans in the