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Bad Credit? You Can Get Business Cards and Build Credit

Published By Janet Gershen-Siegel at May 26th, 2018

Bad Credit? You Can Still Get Business Credit Cards

Written by Janet Gershen-Siegel

Do you have bad credit? You can get business cards and build credit – so don’t worry.

According to the SBA, business credit card limits are 10 – 100 times that of personal cards!

This shows you can get a lot more cash with company credit.

And it also means you can have personal credit cards at shops. Plus now you’d have an alternate card at the same stores for your company.

And you won’t have to provide collateral, cash flow, or financials in order to get business credit.

Credit card Benefits

Benefits vary, so be sure to choose the advantage you prefer from this range of choices. Many will work, even for bad credit.

Cards for Fair Credit

For Fair Credit, like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards.

You will need a credit score of 690 or higher.

KEEP IN MIND: the ongoing APR is 23.99% variable APR. Sometimes, that is the price you pay when you have bad credit.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Business Credit Cards with 0% APR

For a 0% APR time frame, we prefer the Ink Business Cash ℠ Credit Card. You pay no yearly cost. It’s got an interest-free period.

It has versatile cash-back rewards. There are spending limits for your employees.

Must have a credit score of 690 or higher (so you’ll need to get bad credit up to snuff).

Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash

For an introductory 0% APR time period, we also prefer the Blue Business ℠ Plus Credit Card from American Express.

It has an introductory 0% APR for 15 Months. Earn twice the points on daily company expenses up to annual cap.

The standard APR is 12.24% – 20.24% (variable).

Get it here: https://creditcard.americanexpress.com/blue/

Company Credit Cards for Travel Points

For Travel Points, we have a preference for 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 card in the first three months.

Earn two miles per dollar spent on purchases made straight with Delta. Earn one mile on each qualified dollar spent on purchases.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279

Business Card for Travel Rewards from American Express

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 get Gold Status when you enroll in the Starwood Preferred Guest program.

$ 200 annual air travel fee credit.

$100 credit towards the Global Entry application fee, which includes access to TSA PreCheck program.

Get one point per dollar spent on most purchases.

Also, you get 1.5 times the points on charges of $5,000 or more on qualifying purchases, up to one million more points annually.

You get five points per dollar spent purchasing flights and prepaid hotels from the American Express Travel web site.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Another Business Card for Travel Rewards

Also, make sure to check out the Ink Business Preferred Card from Chase.

Earn 80,000 bonus points once you spend $5,000 on purchases within your initial 3 months from account opening.

Earn three points for each dollar on the first $150,000 spent in combined purchases.

These are on travel, shipping, internet, cable and phone, advertising on social media sites and search engines each account anniversary year.

Also, earn one point for each dollar on all of the other purchases. There is no cap 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.

Start off with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer charge.

After that, the purchase APR is a variable 10.49% – 18.49%, which is dependent on creditworthiness.

Also, there is no annual fee. This card is just offered to those with great or superb credit.

However, there is no rewards program for purchases.

Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do

Also, investigate 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 corporations can earn double points on the first $50,000 in purchases per year.

Get it here: https://creditcard.americanexpress.com/blue/

Credit Builder Small business Credit Cards

Check out the Wells Fargo Business Secured Credit Card. It lets cardholders get a credit limit of $500 – $25,000.

The amount available equals how much you offer to secure the line.

Your purchase APR rate can be as low as a variable 13.15%. The annual fee is $25.

The more cards you have the more expensive your yearly fee is going to be.

Also this card lets small business owners with bad credit get a card to establish business credit.

The card will only report to the personal credit agencies if you default or are overdue 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 up to $400 cash back.

Get a $200 statement credit after spending $5,000.

You get 5% cash back at US office supply stores. It’s also on wireless phone services from US service providers

This applies to the first $50,000 of yearly spending.

You also get 3% cash back on the spending category of your choice.

This is from eight different categories, such as airfare, gas, advertising and computer purchases.

It’s up to the first $50,000 of yearly spending.

Additionally 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, check out the Bank of America Business Advantage Cash Rewards MasterCard Credit Card.

With it, you can get a $200 statement credit after $500 in purchases during 60 days of account opening.

You also get 3% cash back on purchases at gasoline stations. You can also get it at office supply stores. This is as much as $250,000 per year.

And you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no annual fee.

It is offered to applicants with outstanding 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/

Another Card for Cash Back

Furthermore, have a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, without restrictions.

New cardholders can also get a $200 cash bonus. This is once they spend $3,000 on new purchases in the first three months.

New customers also get initial APR of 0% on purchases for nine months. There is no annual fee.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

Cards for Rewards

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.

Plus two times the points on the other categories, and one point per dollar on all other purchases.

It has a $0 yearly fee for the first year, and after that your annual fee rises 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 earn as much as 75,000 Membership Rewards points upon account opening.

You can also get 50,000 Membership Rewards points subsequent to spending $10,000 and an extra 25,000 points.

This is after spending an additional $10,000 all on qualified purchases within the initial three months.

And also you can get five times the Membership Rewards points on flights and pre-paid hotels on amextravel.com.

However, it has a $450 yearly fee.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Your Best Business Credit Cards

Your preferred company credit cards for bad credit are dependent upon your credit history and scores.

Just you can figure out which benefits you want and need, so be sure to do your due diligence.

And, as always, make sure to build credit in the recommended order for the max, fastest benefits.

Share this and tell your friends what you think of business credit cards.

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