If you’re thinking that one of the Capital One business cards is the right option for you, you’re likely wondering how you can qualify for one of these cards.
To truly find out if you qualify, of course, you’ll have to submit a Capital One business credit card application and include basic information about your business, revenue, income, personal information, etc.
In addition to this information, Capital One will run a personal credit check on you, which will be large contributing factor in their decision to approve or deny your application. This being said, generally, the Capital One Spark Business cards—the Spark Cash and Cash Select and the Spark Miles and Miles Select—will require what Capital One refers to on their website as an “Excellent” credit level (around 700 or above).
If you don’t believe you’ll qualify for any of these cards, then, you might consider the Spark Classic, which typically accepts credit scores of 580 or above. Finally, if your personal credit is below this threshold, you might instead consider the Secured Mastercard, which is easier to qualify for provided you’re willing to put up the deposit necessary to open your account.
Ultimately, however, if you apply for these business credit cards online, you should have approval or denial almost instantly. If you’re not approved for your Capital One small business credit card, you’ll be able to use the denial reason given as the basis for your next step, like to improve your credit, for example, to ensure that you’re more likely to qualify in the future.