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Apply for a Business Credit Card with Bad Credit

Published By Janet Gershen-Siegel at April 23rd, 2018

Do you want to apply for a business credit card, but you have bad credit? Not to worry.

According to the SBA, business credit card limits are 10 – 100 times those of personal cards! This shows you can get a lot more cash with business credit.

And it also means you can have personal credit cards at retail stores, and now have an additional card at the same shops for your business. And you won’t need collateral, cash flow, or financial information to get company credit.

Credit card Features

Features vary, so be sure to select the perk you prefer from this variety of choices.

Corporate Credit Cards with 0% APR

For a 0% APR time frame, we like the Ink Business Cash ℠ Credit Card. You pay no yearly fee. It’s got an interest-free time period. It has flexible cash-back rewards. There are spending limits for employees. You will need to have a credit score of 690 or better. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash

For an introductory 0% APR time period, we also go for the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. You can earn twice the points on typical business purchases up to a yearly limit. The standard APR is 12.24% – 20.24% (variable). Get it here: https://creditcard.americanexpress.com/blue/

Business Credit Cards for Fair Credit

For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. You will have to have a credit score of 690 or better. NOTE: the standard APR is 23.99% variable APR. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Cards for Travel Points

For Travel Points, we prefer the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after you make $1,000 in purchases on your new card during your first three months. Terms and limitations apply. In addition earn a $50 statement credit after you make a Delta purchase with your new card within your first three months. Earn two miles per dollar spent on purchases made directly with Delta. Earn one mile on each eligible dollar spent on purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279

Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:

  • Priority Pass Select
  • Delta SkyClubs
  • American Express Centurion Lounges

You also receive Gold Status when you sign up for the Starwood Preferred Guest program.

$ 200 annual air travel fee credit. There is a $100 credit towards the Global Entry application fee, which includes access to TSA PreCheck program. You get one point for every dollar spent on most purchases. You get 1.5 times the points on charges of $5,000 or more on qualifying purchases, up to one million additional points per year. You get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel website. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Also, make sure to check out the Ink Business Preferred Card from Chase. Get 80,000 bonus points after you spend $5,000 on purchases in first 3 months from account opening. Earn three points for each dollar on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines each account anniversary year. Earn one point per dollar on all other purchases. There is no restriction to the amount you can earn. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred

Low APR/Balance Transfers Business Credit Cards

For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum. You begin with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost. Thereafter, the purchase APR is a variable 10.49% – 18.49%, which depends upon creditworthiness. There is no annual fee. This card is solely available to those with great or superb credit. Unfortunately, there is no rewards program for purchases. Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do

Also, take a look at the Blue Business Plus Credit Card from American Express. It has a 15-month introductory 0% APR offer. There is no yearly fee. Right now small businesses can get double points on the first $50,000 in purchases every year. Get it here: https://creditcard.americanexpress.com/blue/

Credit Builder Small business Credit Cards

Have a look at the Wells Fargo Business Secured Credit Card. It enables cardholders to get a credit limit of $500 – $25,000. The amount offered is identical to the amount of cash you provide to secure the line. Your purchase APR rate can be as low as a variable 13.15%. The yearly fee is $25. The more cards you have the higher your annual fee will be. This card allows company owners with substandard personal credit to acquire a card to make purchases and create business credit. The card will just report to the personal credit bureaus if you default or are behind on payments. Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Cards for Cash Back

Look at the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Earn a $200 statement credit after spending $5,000. You get 5% cash back at US office supply stores and on wireless phone services purchased directly from US service providers (this applies to the first $50,000 of yearly spending). You also get 3% cash back on spending category of your choice, from eight separate categories, including airfare, gas, advertising and computer purchases (applies to first $50,000 of annual spending). In addition you get 1% cash back on all other purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can earn a $200 statement credit after $500 in purchases within 60 days of account opening. You also get 3% cash back on purchases at filling stations and office supply stores (as much as $250,000 annually). And you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no yearly fee. It is available to applicants with excellent credit. Your cash back can only be redeemed in $25 increments. Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/

Furthermore, check out the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, with no limitations. New cardholders can also get a $200 cash bonus as soon as they spend $3,000 on new purchases during the first three months of account opening. New customers also get initial APR of 0% on purchases for nine months. There is no yearly fee. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

Cards for Rewards

Take a look at the Business Gold Rewards Card from American Express OPEN. You can earn 50,000 Membership Rewards points after $5,000 in purchases on the card during first three months. You get three points on your choice of five categories, two times the points on the remaining categories, and one point per dollar on all other purchases. It has a $0 yearly fee for the first year, and then your yearly fee climbs to $175. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards

Also, have a look at the Business Platinum ® Card from American Express OPEN. You can get as much as 75,000 Membership Rewards points at the time of account opening. You can also get 50,000 Membership Rewards points after spending $10,000 and an extra 25,000 points after spending an added $10,000 all on eligible purchases during the initial three months. Plus you can get five times the Membership Rewards points on airline flights and prepaid hotels on amextravel.com. Unfortunately, it has a $450 yearly fee. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Apply for Business Credit Cards

Your best small business credit cards for bad credit are of course dependent on your credit history and scores. Just you can determine which benefits you want and need, so make sure to do your due diligence. And, as always, make certain to build credit in the established order for the max, fastest benefits. Check out how this will help your company get business credit cards.

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