Capital One Business Credit Card Requirements

It`s easy to apply for a Capital One business card. It doesn`t have to be intimidating or overwhelming. Go step by step and you can do it in no time. It is recommended that you apply for the Capital One Spark Classic for Business if your credit score is between 670 and 739. Again, some candidates qualify with a score of only 620. This is the section that scares most people when applying for a new business credit card. You will be asked to provide specific details about the company and its establishment. We will break it down to keep it simple. You`ll need a great balance to easily qualify for the Capital One Spark Miles for Business card, which earns 2x miles, and the Capital One Spark Cash for Business card, which gets a 2% refund. The Capital One Spark Miles Select for Business, which earns 1.5 times more miles, and the Capital One Spark Cash Select for Business, which gets 1.5% payback, also require excellent credit. So, if you can`t find a business credit card from another issuer that fits your money problem well, we recommend considering one of the Capital One Spark cards for an unlimited premium rate. Annual turnover: Here you can enter the turnover of your company for the previous year. If you`ve been in business for less than a year, enter a realistic estimate based on your past income since the beginning of the year.

Keep in mind that this raises questions about your sales, not profits. It is relatively easy to apply for a business credit card. Much of the process is similar to applying for a personal credit card. First, check the available card options and choose a card that meets your business needs. Then, take the time to review your personal credit, gather the information needed to apply for the credit card, and complete your application. We`ll break down each of these steps to apply for a business credit card in more detail and give tips to keep in mind at each step. First, enter your email address and business information. If you are rejected, you can request a review at any time. Unfortunately, Capital One doesn`t offer a dedicated line of considerations, but you can call their small business credit card support number at 1 (800) 227-4825. Whether you need to finance a large purchase or are simply looking for additional travel rewards, make sure your personal credit score is in good condition before applying for a business credit card.

If you`ve just started your business, make sure you have a business plan in place to help you project annual income and expenses, as this information is required in your application. How old the company is: In this optional field, you can distinguish how long you have been operating this business. Be honest with your answer. Capital One Spark for Business is Capital One`s business credit card. There are two types: cashback and travel reward cards (earn miles). Since the Capital One Spark Cash Plus comes with an annual fee ($150), it only makes sense to choose this card over the Capital One Spark Cash Plus if your business is spending a significant amount. This is the minimum balance required to qualify for a Capital One Spark Business credit card while getting instant approval. If your credit score is in the 700 lows, you may still have a good chance of accepting Spark Miles or Miles Select and Spark Cash or Cash Select. However, your application may require further consideration to make a decision.

Business credit cards are not just for those who own a corporation, partnership or limited liability company. Freelancers and independent contractors are considered independent contractors, commonly referred to as sole proprietors. Simply put, if you work for yourself, you might be eligible for a business credit card. Business Phone Number: This should be the most important public phone number for your business. Later in the app, you will have the option to provide a primary contact number for your account (such as your mobile phone). Currently, you can add your company`s main number. If you`re applying for a large company, it`s best to include your head office number (not a customer service line). For a freelancer, this could be your mobile phone if you don`t have another business phone. The “company name as it should be displayed on the card” does not necessarily have to match the “company name”, but may be an abbreviation if the full name of the company does not match.